Nuvera Communications (NUVR) 10-Q 16 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 16, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	NEW ULM TELECOM INC
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		5,116,826
Amendment Flag	false
Entity Central Index Key	71,557
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
OPERATING REVENUES:
Local Service	$ 1,578,009	$ 1,598,021	$ 4,800,126	$ 4,873,361
Network Access	2,918,571	2,782,650	8,757,033	8,876,997
Video	2,284,803	2,138,824	6,757,375	6,155,510
Data	2,477,400	2,372,304	7,405,921	6,294,160
Other Non-Regulated	1,110,055	1,180,676	3,382,185	3,728,635
Total Operating Revenues	10,368,838	10,072,475	31,102,640	29,928,663
OPERATING EXPENSES:
Plant Operations (Excluding Depreciation and Amortization)	2,017,582	1,884,463	5,967,532	5,864,758
Cost of Video	1,948,991	1,832,081	5,835,931	5,238,003
Cost of Data	528,349	484,493	1,594,336	1,128,776
Cost of Other Nonregulated Services	422,600	528,660	1,390,307	1,638,260
Depreciation and Amortization	2,436,269	2,438,620	7,337,330	7,145,149
Selling, General and Administrative	1,702,508	1,762,107	5,450,766	5,364,455
Total Operating Expenses	9,056,299	8,930,424	27,576,202	26,379,401
OPERATING INCOME	1,312,539	1,142,051	3,526,438	3,549,262
OTHER (EXPENSE) INCOME
Interest Expense	(384,830)	(234,302)	(1,114,949)	(704,206)
Interest Income	118,241	15,526	209,102	119,526
Interest During Construction	$ 5,208	$ 8,597	13,115	15,779
CoBank Patronage Dividends			409,132	435,319
Other Investment Income	$ 98,163	$ 51,333	233,315	174,636
Total Other Income (Expense)	(163,218)	(158,846)	(250,285)	41,054
INCOME BEFORE INCOME TAXES	1,149,321	983,205	3,276,153	3,590,316
INCOME TAXES	482,715	412,944	1,242,553	1,507,929
NET INCOME	$ 666,606	$ 570,261	$ 2,033,600	$ 2,082,387
BASIC AND DILUTED NET INCOME PER SHARE (in Dollars per share)	$ 0.13	$ 0.11	$ 0.40	$ 0.41
DIVIDENDS PER SHARE (in Dollars per share)	$ 0.0850	$ 0.0850	$ 0.2550	$ 0.2550
WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares)	5,116,826	5,101,334	5,108,219	5,096,090

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income	$ 666,606	$ 570,261	$ 2,033,600	$ 2,082,387
Other Comprehensive Loss:
Unrealized Loss on Interest Rate Swap	(97,996)		(149,803)
Income Tax Expense Related to Unrealized Loss on Interest Rate Swap	39,659		60,625
Other Comprehensive Loss	(58,337)		(89,178)
Comprehensive Income	$ 608,269	$ 570,261	$ 1,944,422	$ 2,082,387

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash	$ 579,941	$ 945,087
Receivables, Net of Allowance for Doubtful Accounts of $56,500 and $60,500	1,110,455	1,442,477
Income Taxes Receivable	1,280,407	847,893
Materials, Supplies, and Inventories	2,988,320	2,227,925
Deferred Income Taxes	787,237	785,605
Prepaid Expenses	793,485	714,372
Total Current Assets	7,539,845	6,963,359
INVESTMENTS & OTHER ASSETS:
Goodwill	39,805,349	39,805,349
Intangibles	21,813,303	23,666,728
Other Investments	7,508,404	7,079,362
Other Assets	395,107	475,936
Total Investments and Other Assets	69,522,163	71,027,375
PROPERTY, PLANT & EQUIPMENT:
Telecommunications Plant	117,374,744	115,100,273
Other Property & Equipment	14,975,770	13,713,496
Video Plant	9,973,543	9,566,806
Total Property, Plant and Equipment	142,324,057	138,380,575
Less Accumulated Depreciation	97,772,732	92,297,652
Net Property, Plant & Equipment	44,551,325	46,082,923
TOTAL ASSETS	121,613,333	124,073,657
CURRENT LIABILITIES:
Current Portion of Long-Term Debt	2,700,000	2,700,000
Accounts Payable	1,226,725	3,049,999
Other Accrued Taxes	222,759	180,818
Deferred Compensation	61,861	63,428
Accrued Compensation	600,815	692,974
Other Accrued Liabilities	1,830,916	1,528,499
Total Current Liabilities	6,643,076	8,215,718
LONG-TERM DEBT, Less Current Portion	35,540,229	36,944,471
NONCURRENT LIABILITIES:
Loan Guarantees	274,503	297,475
Deferred Income Taxes	$ 19,086,747	19,161,144
Unrecognized Tax Benefit		281,363
Other Accrued Liabilities	$ 323,794	$ 276,857
Financial Derivative Instruments	149,803
Deferred Compensation	792,923	$ 846,631
Total Noncurrent Liabilities	$ 20,627,770	$ 20,863,470
COMMITMENTS AND CONTINGENCIES:
STOCKHOLDERS' EQUITY:
Preferred Stock - $1.66 Par Value, 10,000,000 Shares Authorized, None Issued
Common Stock - $1.66 Par Value, 90,000,000 Shares Authorized, 5,116,826 and 5,101,334 Shares Issued and Outstanding	$ 8,528,043	$ 8,502,223
Accumulated Other Comprehensive Income (Loss)	(89,178)
Retained Earnings	50,363,393	$ 49,547,775
Total Stockholders' Equity	58,802,258	58,049,998
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 121,613,333	$ 124,073,657

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Allowance for Doubtful Accounts (in Dollars)	$ 56,500	$ 60,500
Preferred stock par value (in Dollars per share)	$ 1.66	$ 1.66
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock par value (in Dollars per share)	$ 1.66	$ 1.66
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	5,116,826	5,101,334
Common stock, shares outstanding	5,116,826	5,101,334

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 2,033,600	$ 2,082,387
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation and Amortization	7,380,901	7,174,202
Undistributed Earnings of Other Equity Investments	(179,030)	(124,149)
Noncash Patronage Refund	$ (114,134)	(148,337)
Distributions from Equity Investments		100,000
Stock Issued in Lieu of Cash Payment	$ 67,654	67,200
Changes in Assets and Liabilities:
Receivables	357,204	(174,001)
Income Taxes Receivable	(432,514)	(1,108,277)
Inventories	(760,395)	101,042
Prepaid Expenses	(36,767)	$ 167,163
Deferred Charges	34,901
Accounts Payable	$ (1,456,702)	$ (35,587)
Accrued Income Taxes		(114,017)
Other Accrued Taxes	$ 41,941	42,690
Other Accrued Liabilities	257,195	$ (102,269)
Deferred Income Tax	(296,767)
Deferred Compensation	(55,275)	$ (58,054)
Net Cash Provided by Operating Activities	6,841,812	7,869,993
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Property, Plant, and Equipment, Net	(4,318,878)	(7,867,723)
Other, Net	(158,850)	(47,501)
Net Cash Used in Investing Activities	(4,477,728)	(7,915,224)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal Payments of Long-Term Debt	(2,025,000)	$ (3,253,500)
Loan Origination Fees	(22,826)
Changes in Revolving Credit Facility	620,758	$ 4,334,090
Dividends Paid	(1,302,162)	(1,298,840)
Net Cash Used in Financing Activities	(2,729,230)	(218,250)
NET INCREASE DECREASE IN CASH	(365,146)	(263,481)
CASH at Beginning of Period	945,087	964,404
CASH at End of Period	579,941	700,923
Supplemental cash flow information:
Cash paid for interest	1,006,664	680,048
Net cash paid for income taxes	$ 1,808,500	$ 2,731,500

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS` EQUITY (Unaudited) - USD ($)	Common Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
BALANCE at Dec. 31, 2013	$ 8,482,556		$ 48,471,153	$ 56,953,709
BALANCE (in Shares) at Dec. 31, 2013	5,089,534
Director's Stock Plan	$ 19,667		64,333	84,000
Director's Stock Plan (in Shares)	11,800
Net Income			2,744,744	2,744,744
Dividends			(1,732,455)	(1,732,455)
BALANCE at Dec. 31, 2014	$ 8,502,223		49,547,775	58,049,998
BALANCE (in Shares) at Dec. 31, 2014	5,101,334
Director's Stock Plan	$ 25,820		84,180	110,000
Director's Stock Plan (in Shares)	15,492
Net Income			2,033,600	2,033,600
Dividends			(1,302,162)	(1,302,162)
Unrealized Loss on Interest Rate Swap		$ (89,178)		(89,178)
BALANCE at Sep. 30, 2015	$ 8,528,043	$ (89,178)	$ 50,363,393	$ 58,802,258
BALANCE (in Shares) at Sep. 30, 2015	5,116,826

Basis of Presentation and Conso

Basis of Presentation and Consolidation	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1 – Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements of New Ulm Telecom, Inc. and its subsidiaries (NU Telecom) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted or condensed pursuant to such rules and regulations. In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal and recurring accruals) considered necessary for the fair presentation of the financial statements and present fairly the results of operations, financial position and cash flows for the interim periods presented as required by Regulation S-X, Rule 10-01. These unaudited interim condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the year ended December 31, 2014. The preparation of our financial statements in conformity with GAAP requires our management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosures at the date of the financial statements and during the reporting period. Actual results may differ from these estimates. The results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the fiscal year as a whole or any other interim period. Our consolidated financial statements report the financial condition and results of operations for NU Telecom and its subsidiaries in one business segment: the Telecom Segment. Inter-company transactions have been eliminated from the consolidated financial statements. Revenue Recognition We recognize revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery of the product has occurred or a service has been provided, (iii) the price is fixed or determinable and (iv) collectability is reasonably assured. Revenues are earned from our customers primarily through the connection to our networks, digital and commercial television (TV) programming, Internet services (high-speed broadband), and hosted and managed services. Revenues for these services are billed based on set rates for monthly service or based on the amount of time the customer is utilizing our facilities. The revenue for these services is recognized when the service is rendered. Revenues earned from interexchange carriers (IXC) accessing our network are based on the utilization of our network by these carriers as measured by minutes of use on the network or special access to the network by the individual carriers. Revenues are billed at tariffed access rates for both interstate and intrastate calls. Revenues for these services are recognized based on the period the access is provided. Interstate access rates are established by a nationwide pooling of companies known as the National Exchange Carriers Association (NECA). The Federal Communications Commission (FCC) established NECA in 1983 to develop and administer interstate access service rates, terms and conditions. Revenues are pooled and redistributed on the basis of a company's actual or average costs. There has been a change in the composition of interstate access charges in recent years, shifting more of the charges to the end user and reducing the amount of access charges paid by the IXC’s. We believe this trend will continue. New Ulm Telecom’s and Sleepy Eye Telephone Company’s (SETC) settlements from the pools are based on their actual costs to provide service, while the settlements for NU Telecom subsidiaries – Western Telephone Company, Peoples Telephone Company and Hutchinson Telephone Company (HTC) are based on nationwide average schedules. Access revenues for New Ulm Telecom and SETC include an estimate of a cost study each year that is trued-up subsequent to the end of any given year. Our management believes the estimates included in our preliminary cost study are reasonable. We cannot predict the future impact that industry or regulatory changes will have on interstate access revenues. Intrastate access rates are filed with state regulatory commissions in Minnesota and Iowa. We derive revenues from the sale, installation and servicing of communication systems. In accordance with GAAP, these deliverables are accounted for separately. We recognize revenue from customer contracts for sales and installations using the completed-contract method, which recognizes income when the contract is substantially complete. We recognize rental revenues over the rental period. Cost of Services (excluding depreciation and amortization) Cost of services includes all costs related to delivery of communication services and products. These operating costs include all costs of performing services and providing related products including engineering, network monitoring and transport cost. Selling, General and Administrative Expenses Selling, general and administrative expenses include direct and indirect selling expenses, customer service, billing and collections, advertising and all other general and administrative costs associated with the operations of the business. Depreciation and Amortization Expense We use the group life method (mass asset accounting) to depreciate the assets of our telephone companies. Telephone plant acquired in a given year is grouped into similar categories and depreciated over the remaining estimated useful life of the group. When an asset is retired, both the asset and the accumulated depreciation associated with that asset are removed from the books. Due to rapid changes in technology, selecting the estimated economic life of telecommunications plant and equipment requires a significant amount of judgment. We periodically review data on expected utilization of new equipment, asset retirement activity and net salvage values to determine adjustments to our depreciation rates. Depreciation expense was $5,483,905 and $5,291,724 for the nine months ended September 30, 2015 and 2014. We amortize our definite-lived intangible assets over their estimated useful lives. Identifiable intangible assets that are subject to amortization are evaluated for impairment. Income Taxes The provision for income taxes consists of an amount for taxes currently payable and a provision for tax consequences deferred to future periods. Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities, and their respective tax bases. Significant components of our deferred taxes arise from differences (i) in the basis of property, plant and equipment due to the use of accelerated depreciation methods for tax purposes, as well as (ii) in partnership investments and intangible assets due to the difference between book and tax basis. Our effective income tax rate is normally higher than the United States tax rate due to state income taxes and permanent differences. We account for income taxes in accordance with GAAP. As required by GAAP, we recognize the financial statement benefit of tax positions only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. As of September 30, 2015 and 2014 we had $0 and $259,739 of unrecognized tax benefits net of a federal tax benefit of $0 and $88,311, which if recognized would affect the effective tax rate. A petition related to Hector Communications Corporation’s (HCC) 2006 Minnesota tax return was previously filed in Minnesota Tax Court. This matter was resolved in April 2015. We are primarily subject to United States, Minnesota, Nebraska and Iowa income taxes. Tax years subsequent to 2011 remain open to examination by federal and state tax authorities. Our policy is to recognize interest and penalties related to income tax matters as income tax expense. As of September 30, 2015 and December 31, 2014 we had $0 and $89,910 of accrued interest that related to income tax matters. Recent Accounting Developments In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU 2014-09), “Revenue from Contracts with Customers” and created a new topic in the FASB Accounting Standards Codification, Topic 606. ASU 2014-09 has been delayed by ASU 2015-14 to be effective for annual reporting periods beginning after December 15, 2017. The new standard provides a single comprehensive revenue recognition framework for all entities and supersedes nearly all existing United States GAAP revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity should recognize revenue in a manner that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is designed to create greater comparability for financial statement users across industries and also requires enhanced disclosures. The amendments are effective for annual reporting periods beginning after December 15, 2017, including interim periods within the reporting period. Early application is not permitted. We are currently evaluating the impact this guidance may have on our consolidated financial statements and related disclosures. In April 2015, FASB issued ASU 2015-03, simplifying the presentation of debt issuance costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that liability, consistent with debt discounts. Amendments in this update are effective retrospectively for fiscal years and interim periods within those years beginning after December 15, 2015, with early adoption permitted. We expect, upon adoption of this guidance, that the current financial statement classification of debt issuance costs will change from assets to liabilities on our condensed consolidated balance sheet. We have reviewed all other significant newly issued accounting pronouncements and determined they are either not applicable to our business or that no material effect is expected on our financial position and results of operations.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 2 – Fair Value Measurements We have adopted the rules prescribed under GAAP for our financial assets and liabilities. GAAP includes a fair value hierarchy that is intended to increase consistency and comparability in fair value measurements and related disclosures. The fair value hierarchy is based on inputs to valuation techniques used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources, while unobservable inputs reflect a reporting entity’s pricing based upon its own market assumptions. The fair value hierarchy consists of the following three levels: Level 1: Inputs are quoted prices in active markets for identical assets or liabilities. Level 2: Inputs are quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable and market-corroborated inputs that are derived principally from or corroborated by observable market data. Level 3: Inputs are derived from valuation techniques where one or more significant inputs or value drivers are unobservable. We have used financial derivative instruments to manage our overall cash flow exposure to fluctuations in interest rates. We accounted for derivative instruments in accordance with GAAP that requires derivative instruments to be recorded on the balance sheet at fair value. Changes in fair value of derivative instruments must be recognized in earnings unless specific hedge accounting criteria are met, in which case, the gains and losses are included in other comprehensive income rather than in earnings. We have entered into an interest rate swap with our lender, CoBank, ACB (CoBank), to manage our cash flow exposure to fluctuations in interest rates. This instrument is designated as a cash flow hedge and is effective at mitigating the risk of fluctuations on interest rates in the market place. Any gains or losses related to changes in the fair value of this derivative is accounted for as a component of accumulated other comprehensive income (loss) for as long as the hedge remains effective. The fair value of our interest rate swap agreement is discussed in Note 5 – “Interest Rate Swaps”. The fair value of our swap agreement was determined based on Level 2 inputs. Other Financial Instruments Other Investments - It is difficult to estimate a fair value for equity investments in companies carried on the equity or cost basis due to a lack of quoted market prices. We conducted an evaluation of our investments in all of our companies in connection with the preparation of our audited financial statements at December 31, 2014. We believe the carrying value of our investments is not impaired. Debt – We estimate the fair value of our long-term debt based on the discounted future cash flows we expect to pay using current rates of borrowing for similar types of debt. Fair value of the debt approximates carrying value. Other Financial Instruments - Our financial instruments also include cash equivalents, trade accounts receivable and accounts payable where the current carrying amounts approximate fair market value.

Goodwill and Intangibles

Goodwill and Intangibles	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Note 3 – Goodwill and Intangibles We account for goodwill and other intangible assets under GAAP. Under GAAP, goodwill and intangible assets with indefinite useful lives are not amortized, but are instead tested for impairment (i) on at least an annual basis and (ii) when changes in circumstances indicate that the fair value of goodwill may be below its carrying value. Our goodwill totaled $39,805,349 at September 30, 2015 and December 31, 2014. As required by GAAP, we do not amortize goodwill and other intangible assets with indefinite lives, but test for impairment on an annual basis or earlier if an event occurs or circumstances change that would reduce the fair value of a reporting unit below its carrying amount. These circumstances include, but are not limited to (i) a significant adverse change in the business climate, (ii) unanticipated competition or (iii) an adverse action or assessment by a regulator. Determining impairment involves estimating the fair value of a reporting unit using a combination of (i) the income or discounted cash flows approach and (ii) the market approach that utilizes comparable companies’ data. If the carrying amount of a reporting unit exceeds its fair value, the amount of the impairment loss must be measured. The impairment loss is calculated by comparing the implied fair value of the reporting unit’s goodwill to its carrying amount. In calculating the implied fair value of the reporting unit’s goodwill, the fair value of the reporting unit is allocated to all of the assets and liabilities of the reporting unit. The excess of the fair value of a reporting unit over the amount assigned to its other assets and liabilities is the implied value of goodwill. We recognize impairment loss when the carrying amount of goodwill exceeds its implied fair value. In 2014 and 2013, we engaged an independent valuation firm to complete our annual impairment testing for existing goodwill. For 2014 and 2013, the testing results indicated no impairment charge to goodwill as the determined fair value was sufficient to pass the first step of the impairment test. Our intangible assets subject to amortization consist of acquired customer relationships, regulatory rights and trade names. We amortize intangible assets with finite lives over their respective estimated useful lives. Identifiable intangible assets that are subject to amortization are evaluated for impairment. In addition, we periodically reassess the carrying value, useful lives and classifications of our identifiable intangible assets. The components of our identified intangible assets are as follows: September 30, 2015 December 31, 2014 Gross Carrying Amount Gross Carrying Amount Useful Accumulated Amortization Accumulated Amortization Lives Definite-Lived Intangible Assets Customers Relationships 14-15 yrs $ 29,278,445 $ 12,654,993 $ 29,278,445 $ 11,087,066 Regulatory Rights 15 yrs 4,000,000 2,066,649 4,000,000 1,866,651 Trade Name 3-5 yrs 570,000 313,500 570,000 228,000 Indefinitely-Lived Intangible Assets Video Franchise 3,000,000 - 3,000,000 - Total $ 36,848,445 $ 15,035,142 $ 36,848,445 $ 13,181,717 Net Identified Intangible Assets $ 21,813,303 $ 23,666,728 Amortization expense related to the definite-lived intangible assets was $1,853,425 for each of the nine months ended September 30, 2015 and 2014. Amortization expense for the remaining three months of 2015 and the five years subsequent to 2015 is estimated to be: · $ 617,808 · $ 2,469,256 · $ 2,469,083 · $ 2,355,083 · $ 2,355,083 · $ 2,355,083

Secured Credit Facility

Secured Credit Facility	9 Months Ended
	Sep. 30, 2015
Secured Credit Facility [Abstract]
Secured Credit Facility [Text Block]	Note 4 – Secured Credit Facility We have a credit facility with CoBank. Under the credit facility, we entered into Master Loan Agreements (MLAs) and a series of supplements to the respective MLAs. NU Telecom and its respective subsidiaries also have entered into security agreements under which substantially all the assets of NU Telecom and its respective subsidiaries have been pledged to CoBank as collateral. In addition, NU Telecom and its respective subsidiaries have guaranteed all the obligations under the credit facility. These mortgage notes are required to be paid in quarterly installments covering principal and interest, beginning in the year of issue and maturing on December 31, 2021. On December 31, 2014, NU Telecom entered into an Amended and Restated MLA with CoBank. The new MLA refinances and replaces the existing credit facility between CoBank and NU Telecom and the subsidiaries of NU Telecom. NU Telecom’s subsidiary HTC was a borrower under the prior credit facility, but NU Telecom is now the sole borrower under the new MLA. There are two loans under the new MLA, which include a $35 million term loan and a $9 million revolver loan. Also, under the new MLA, NU Telecom has the ability to either increase the amount of the commitment under the revolver loan by up to $6 million in a single increase, or add an incremental term loan up to $6 million. Our new loan agreements include restrictions on our ability to pay cash dividends to our stockholders. However, we are allowed to pay dividends (a) (i) in an amount up to $2,100,000 in any year if our “Total Leverage Ratio,” that is, the ratio of our “Indebtedness” to “EBITDA” (earnings before interest, taxes, depreciation and amortization) – as defined in the loan documents, is greater than 2.50 to 1.00, and (ii) in any amount if our Total Leverage Ratio is less than 2.50 to 1.00, and (b) in either case, if we are not in default or potential default under the loan agreements. Our credit facility requires us to comply with specified financial ratios and tests. These financial ratios and tests include total leverage ratio, debt service coverage ratio, equity to total assets ratio, fixed coverage ratio and maximum annual capital expenditures tests. As described in Note 5 – “Interest Rate Swap ”, we have entered into an interest rate swap that effectively fix es our interest rates and covers $14.0 million at a weighted average rate of 4.47%, as of September 30, 2015. T he remaining debt of $ 28.0 million ($ 3.8 available under the revolving credit facilities and $ 24.2 remains subject to variable interest rates at an effective weighted average interest rate of 3.47 %, as of September 3 0 , 201 5 .

Interest Rate Swap

Interest Rate Swap	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block Supplement [Abstract]
Financial Instruments Disclosure [Text Block]	Note 5 – Interest Rate Swap We assess interest rate cash flow risk by continually identifying and monitoring changes in interest rate exposures that may adversely affect expected future cash flows and by evaluating hedging opportunities. We generally use variable-rate debt to finance our operations, capital expenditures and acquisitions. These variable-rate debt obligations expose us to variability in interest payments due to changes in interest rates. The terms of our credit facility with CoBank require that we enter into interest rate agreements designed to protect us against fluctuations in interest rates, in an aggregate principal amount and for a duration determined under the credit facility. To meet this objective, on June 18, 2015 we entered into an Interest Rate Swap Agreement with CoBank covering $ 14 .0 million of our aggregate indebtedness to CoBank . Th is swap effectively lock s in the interest rate on $ 14 .0 million of variable-rate debt through June 201 8. Under this Interest Rate Swap Agreement, we have changed the variable-rate cash flow exposure on the debt obligations to fixed cash flows. Under the terms of this interest rate swap, we pay a fixed contractual interest rate and (i) make an additional payment if the LIBOR variable rate payment is below a contractual rate or (ii) receive a payment if the LIBOR variable rate payment is above the contractual rate. Each month, we make interest payments to CoBank under its loan agreement based on the current applicable LIBOR Rate plus the contractual LIBOR margin then in effect with respect to the loan, without reflecting our interest rate swap. At the end of each calendar month, CoBank adjust s our aggregate interest payments based on the difference, if any, between the amounts paid by us during the month and the current effective interest rate set forth in the table below. N et interest payments are reported in our consolidated income statement as interest expense. As of September 30, 2015 we had the following interest rate swap in effect. Loan # Maturity Date Notional Amount Effective Interest Rate (1) RX0583-T3A 06/29/2018 $14,000,000 4.47% (LIBOR Rate of 1.22% plus 3.25% LIBOR Margin) (1) As described in Note 4 – “Long-Term Debt” to the 2014 Consolidated Financial Statements on Form 10-K, the note above initially bears interest at a LIBOR rate determined by the maturity of the note, plus a “LIBOR Margin” rate equal to 3.25% according to the individual secured credit facility. The LIBOR Margin decreases as the borrower’s “Leverage Ratio” decreases. The “Current Effective Interest Rate” in the table reflects the rate we pay giving effect to the swaps. Our interest rate swap under our credit facilities qualifies as a cash flow hedge for accounting purposes under GAAP. We reflect the effect of this hedging transaction in the financial statements. The unrealized gain/loss is reported in other comprehensive income. If we terminate our interest rate swap agreement, the cumulative change in fair value at the date of termination would be reclassified from accumulated other comprehensive income, which is classified in stockholders’ equity, into earnings on the consolidated statements of income. The fair value of the Company’s interest rate swap agreement was determined based on valuations received from CoBank and are based on the present value of expected future cash flows using discount rates appropriate with the terms of the swap agreement. The fair value indicates an estimated amount we would be required to pay if the contracts were canceled or transferred to other parties. At September 30, 2015, the fair value liability of the swap was $149,803, which has been recorded net of deferred tax benefit of $60,625, for the $89,178 in accumulated other comprehensive loss.

Other Investments

Other Investments	9 Months Ended
	Sep. 30, 2015
Other Investments [Abstract]
Other Investments [Text Block]	Note 6 – Other Investments We are a co-investor with other rural telephone companies in several partnerships and limited liability companies. These joint ventures make it possible to offer services to customers, including digital video services and fiber optic transport services that we would have difficulty offering on our own. These joint ventures also make it possible to invest in new technologies with a lower level of financial risk. We recognize income and losses from these investments on the equity method of accounting. For a listing of our investments, see Note 9 – “Segment Information”.

Guarantees

Guarantees	9 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
Guarantees [Text Block]	Note 7 – Guarantees On September 30, 2011, FiberComm, LC refinanced two existing loans with American State Bank into a ten-year loan, maturing on September 30, 2021. As of September 30, 2015, we have recorded a liability of $274,503 in connection with the guarantee on this new loan. This guarantee may be exercised if FiberComm, LC does not make its required payments on this note.

Deferred Compensation

Deferred Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block Supplement [Abstract]
Compensation and Employee Benefit Plans [Text Block]	Note 8 – Deferred Compensation As of September 30, 2015 and December 31, 2014, we have recorded other deferred compensation relating to executive compensation payable to certain former executives of past acquisitions.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 9 – Segment Information We operate in the Telecom Segment and have no other significant business segments. The Telecom Segment consists of voice, data and video communication services delivered to the customer over our local communications network. No single customer accounted for a material portion of our consolidated revenues. The Telecom Segment operates the following incumbent local exchange carriers (ILECs) and competitive local exchange carriers (CLECs) and has investment ownership interests as follows: Telecom Segment ● ▪ ▪ ▪ ▪ ▪ ● ▪ ▪ ● ▪ ▪ ▪ ▪

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 10 – Commitments and Contingencies Over the course of 2014, NU Telecom received notice of disputes from several IXCs, and has subsequently been named in litigation regarding traffic exchanged between our companies and specifically the classification of IntraMTA wireless traffic related to access charges. This litigation is an industry-wide dispute affecting numerous telecom companies. NU Telecom is working with other telecom companies towards a resolution of the litigation at both the federal and state levels. We cannot currently predict the outcome of this litigation or its impact to our company. Refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 for the discussion relating to commitments and contingencies.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 11 – Subsequent Events We have evaluated all subsequent events through the filing date of this Quarterly Report on Form 10-Q and determined that are no reportable subsequent events.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition We recognize revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery of the product has occurred or a service has been provided, (iii) the price is fixed or determinable and (iv) collectability is reasonably assured. Revenues are earned from our customers primarily through the connection to our networks, digital and commercial television (TV) programming, Internet services (high-speed broadband), and hosted and managed services. Revenues for these services are billed based on set rates for monthly service or based on the amount of time the customer is utilizing our facilities. The revenue for these services is recognized when the service is rendered. Revenues earned from interexchange carriers (IXC) accessing our network are based on the utilization of our network by these carriers as measured by minutes of use on the network or special access to the network by the individual carriers. Revenues are billed at tariffed access rates for both interstate and intrastate calls. Revenues for these services are recognized based on the period the access is provided. Interstate access rates are established by a nationwide pooling of companies known as the National Exchange Carriers Association (NECA). The Federal Communications Commission (FCC) established NECA in 1983 to develop and administer interstate access service rates, terms and conditions. Revenues are pooled and redistributed on the basis of a company's actual or average costs. There has been a change in the composition of interstate access charges in recent years, shifting more of the charges to the end user and reducing the amount of access charges paid by the IXC’s. We believe this trend will continue. New Ulm Telecom’s and Sleepy Eye Telephone Company’s (SETC) settlements from the pools are based on their actual costs to provide service, while the settlements for NU Telecom subsidiaries – Western Telephone Company, Peoples Telephone Company and Hutchinson Telephone Company (HTC) are based on nationwide average schedules. Access revenues for New Ulm Telecom and SETC include an estimate of a cost study each year that is trued-up subsequent to the end of any given year. Our management believes the estimates included in our preliminary cost study are reasonable. We cannot predict the future impact that industry or regulatory changes will have on interstate access revenues. Intrastate access rates are filed with state regulatory commissions in Minnesota and Iowa. We derive revenues from the sale, installation and servicing of communication systems. In accordance with GAAP, these deliverables are accounted for separately. We recognize revenue from customer contracts for sales and installations using the completed-contract method, which recognizes income when the contract is substantially complete. We recognize rental revenues over the rental period.
Cost of Sales, Policy [Policy Text Block]	Cost of Services (excluding depreciation and amortization) Cost of services includes all costs related to delivery of communication services and products. These operating costs include all costs of performing services and providing related products including engineering, network monitoring and transport cost.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Selling, General and Administrative Expenses Selling, general and administrative expenses include direct and indirect selling expenses, customer service, billing and collections, advertising and all other general and administrative costs associated with the operations of the business.
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation and Amortization Expense We use the group life method (mass asset accounting) to depreciate the assets of our telephone companies. Telephone plant acquired in a given year is grouped into similar categories and depreciated over the remaining estimated useful life of the group. When an asset is retired, both the asset and the accumulated depreciation associated with that asset are removed from the books. Due to rapid changes in technology, selecting the estimated economic life of telecommunications plant and equipment requires a significant amount of judgment. We periodically review data on expected utilization of new equipment, asset retirement activity and net salvage values to determine adjustments to our depreciation rates. Depreciation expense was $5,483,905 and $5,291,724 for the nine months ended September 30, 2015 and 2014. We amortize our definite-lived intangible assets over their estimated useful lives. Identifiable intangible assets that are subject to amortization are evaluated for impairment.
Income Tax, Policy [Policy Text Block]	Income Taxes The provision for income taxes consists of an amount for taxes currently payable and a provision for tax consequences deferred to future periods. Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities, and their respective tax bases. Significant components of our deferred taxes arise from differences (i) in the basis of property, plant and equipment due to the use of accelerated depreciation methods for tax purposes, as well as (ii) in partnership investments and intangible assets due to the difference between book and tax basis. Our effective income tax rate is normally higher than the United States tax rate due to state income taxes and permanent differences. We account for income taxes in accordance with GAAP. As required by GAAP, we recognize the financial statement benefit of tax positions only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. As of September 30, 2015 and 2014 we had $0 and $259,739 of unrecognized tax benefits net of a federal tax benefit of $0 and $88,311, which if recognized would affect the effective tax rate. A petition related to Hector Communications Corporation’s (HCC) 2006 Minnesota tax return was previously filed in Minnesota Tax Court. This matter was resolved in April 2015. We are primarily subject to United States, Minnesota, Nebraska and Iowa income taxes. Tax years subsequent to 2011 remain open to examination by federal and state tax authorities. Our policy is to recognize interest and penalties related to income tax matters as income tax expense. As of September 30, 2015 and December 31, 2014 we had $0 and $89,910 of accrued interest that related to income tax matters.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Developments In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU 2014-09), “Revenue from Contracts with Customers” and created a new topic in the FASB Accounting Standards Codification, Topic 606. ASU 2014-09 has been delayed by ASU 2015-14 to be effective for annual reporting periods beginning after December 15, 2017. The new standard provides a single comprehensive revenue recognition framework for all entities and supersedes nearly all existing United States GAAP revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity should recognize revenue in a manner that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is designed to create greater comparability for financial statement users across industries and also requires enhanced disclosures. The amendments are effective for annual reporting periods beginning after December 15, 2017, including interim periods within the reporting period. Early application is not permitted. We are currently evaluating the impact this guidance may have on our consolidated financial statements and related disclosures. In April 2015, FASB issued ASU 2015-03, simplifying the presentation of debt issuance costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that liability, consistent with debt discounts. Amendments in this update are effective retrospectively for fiscal years and interim periods within those years beginning after December 15, 2015, with early adoption permitted. We expect, upon adoption of this guidance, that the current financial statement classification of debt issuance costs will change from assets to liabilities on our condensed consolidated balance sheet. We have reviewed all other significant newly issued accounting pronouncements and determined they are either not applicable to our business or that no material effect is expected on our financial position and results of operations.

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	September 30, 2015 December 31, 2014 Gross Carrying Amount Gross Carrying Amount Useful Accumulated Amortization Accumulated Amortization Lives Definite-Lived Intangible Assets Customers Relationships 14-15 yrs $ 29,278,445 $ 12,654,993 $ 29,278,445 $ 11,087,066 Regulatory Rights 15 yrs 4,000,000 2,066,649 4,000,000 1,866,651 Trade Name 3-5 yrs 570,000 313,500 570,000 228,000 Indefinitely-Lived Intangible Assets Video Franchise 3,000,000 - 3,000,000 - Total $ 36,848,445 $ 15,035,142 $ 36,848,445 $ 13,181,717 Net Identified Intangible Assets $ 21,813,303 $ 23,666,728
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	· $ 617,808 · $ 2,469,256 · $ 2,469,083 · $ 2,355,083 · $ 2,355,083 · $ 2,355,083

Basis of Presentation and Con21

Basis of Presentation and Consolidation (Details)	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Accounting Policies [Abstract]
Number of Reportable Segments	1
Depreciation	$ 5,483,905	$ 5,291,724
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	0	259,739
Federal Income Tax Expense (Benefit), Continuing Operations	0	$ 88,311
Income Tax Examination, Interest Accrued	$ 0		$ 89,910

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 39,805,349		$ 39,805,349
Amortization of Intangible Assets	$ 1,853,425	$ 1,853,425

Goodwill and Intangibles (Det23

Goodwill and Intangibles (Details) - Components of Identified Intangible Assets - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Definite-Lived Intangible Assets
Gross Carrying Amount	$ 36,848,445	$ 36,848,445
Accumulated Amortization	15,035,142	13,181,717
Net Identified Intangible Assets	21,813,303	23,666,728
Customer Relationships [Member]
Definite-Lived Intangible Assets
Gross Carrying Amount	29,278,445	29,278,445
Accumulated Amortization	$ 12,654,993	11,087,066
Regulatory Rights [Member]
Definite-Lived Intangible Assets
Useful Lives	15 years
Gross Carrying Amount	$ 4,000,000	4,000,000
Accumulated Amortization	2,066,649	1,866,651
Trade Names [Member]
Definite-Lived Intangible Assets
Gross Carrying Amount	570,000	570,000
Accumulated Amortization	313,500	228,000
Franchise Rights [Member]
Definite-Lived Intangible Assets
Gross Carrying Amount	$ 3,000,000	$ 3,000,000
Accumulated Amortization
Minimum [Member] | Customer Relationships [Member]
Definite-Lived Intangible Assets
Useful Lives	14 years
Minimum [Member] | Trade Names [Member]
Definite-Lived Intangible Assets
Useful Lives	3 years
Maximum [Member] | Customer Relationships [Member]
Definite-Lived Intangible Assets
Useful Lives	15 years
Maximum [Member] | Trade Names [Member]
Definite-Lived Intangible Assets
Useful Lives	5 years

Goodwill and Intangibles (Det24

Goodwill and Intangibles (Details) - Summary of Future Amortization Expense	Sep. 30, 2015USD ($)
Summary of Future Amortization Expense [Abstract]
· (October 1 – December 31)	$ 617,808
· 2016	2,469,256
· 2017	2,469,083
· 2018	2,355,083
· 2019	2,355,083
· 2020	$ 2,355,083

Secured Credit Facility (Detail

Secured Credit Facility (Details)	9 Months Ended
	Sep. 30, 2015USD ($)
Interest Rate Swap [Member]
Secured Credit Facility (Details) [Line Items]
Aggregate Indebtedness	$ 14,000,000
Debt, Weighted Average Interest Rate	4.47%
Secured Debt [Member]
Secured Credit Facility (Details) [Line Items]
Debt Instrument, Maturity Date	Sep. 30, 2021
Debt Instrument, Covenant Description	Our new loan agreements include restrictions on our ability to pay cash dividends to our stockholders. However, we are allowed to pay dividends (a) (i) in an amount up to $2,100,000 in any year if our “Total Leverage Ratio,” that is, the ratio of our “Indebtedness” to “EBITDA” (earnings before interest, taxes, depreciation and amortization) – as defined in the loan documents, is greater than 2.50 to 1.00, and (ii) in any amount if our Total Leverage Ratio is less than 2.50 to 1.00, and (b) in either case, if we are not in default or potential default under the loan agreements.
Debt Instrument, Threshold Amount, Dividends	$ 2,100,000
Debt Instrument, Covenant Compliance	Our credit facility requires us to comply with specified financial ratios and tests. These financial ratios and tests include total leverage ratio, debt service coverage ratio, equity to total assets ratio, fixed coverage ratio and maximum annual capital expenditures tests.
Long-term Line of Credit	$ 24,200,000
Secured Debt [Member] | Amended And Restated MLA With Co Bank [Member]
Secured Credit Facility (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	35,000,000
Revolving Credit Facility [Member]
Secured Credit Facility (Details) [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	3,800,000
Revolving Credit Facility [Member] | Amended And Restated MLA With Co Bank [Member]
Secured Credit Facility (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	9,000,000
Additional Revolving Credit Facility [Member] | Amended And Restated MLA With Co Bank [Member]
Secured Credit Facility (Details) [Line Items]
Line of Credit Facility, Increase, Maximum Borrowing Capacity	6,000,000
Additional Secured Debt [Member] | Amended And Restated MLA With Co Bank [Member]
Secured Credit Facility (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 6,000,000
Secured Credit Facility [Member]
Secured Credit Facility (Details) [Line Items]
Debt, Weighted Average Interest Rate	3.47%
Line of Credit Facility, Remaining Borrowing Capacity	$ 28,000,000
MLA [Member] | Secured Debt [Member]
Secured Credit Facility (Details) [Line Items]
Debt Instrument, Frequency of Periodic Payment	quarterly
Debt Instrument, Maturity Date	Dec. 31, 2021

Interest Rate Swap (Details)

Interest Rate Swap (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Interest Rate Swap (Details) [Line Items]
Derivative Liability, Noncurrent	$ 149,803
Accumulated Other Comprehensive Income (Loss), Net of Tax	(89,178)
Interest Rate Swap [Member]
Interest Rate Swap (Details) [Line Items]
Aggregate Indebtedness	14,000,000
Derivative Liability, Noncurrent	149,803
Deferred Income Tax Expense (Benefit)	60,625
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ 89,178
Interest Rate Swap Loan RX0583-T3A [Member]
Interest Rate Swap (Details) [Line Items]
Derivative Instrument, Maturity Date	Jun. 29, 2018
Derivative, Notional Amount	$ 14,000,000
Variable Rate Debt Through June, 2018 [Member] | Interest Rate Swap [Member]
Interest Rate Swap (Details) [Line Items]
Long-term Debt, Gross	$ 14,000,000

Guarantees (Details)

Guarantees (Details)	9 Months Ended
	Sep. 30, 2015USD ($)
Guarantees (Details) [Line Items]
Guaranty Liabilities	$ 274,503
Secured Debt [Member]
Guarantees (Details) [Line Items]
Debt Instrument, Maturity Date	Sep. 30, 2021

Segment Information (Details)

Segment Information (Details)	Sep. 30, 2015
Fiber Comm LC [Member]
Segment Information (Details) [Line Items]
Equity Method Investment, Ownership Percentage	19.99%
Broadband Visions LLC [Member]
Segment Information (Details) [Line Items]
Equity Method Investment, Ownership Percentage	24.30%
Independent Emergency Services LLC [Member]
Segment Information (Details) [Line Items]
Equity Method Investment, Ownership Percentage	14.29%
SM Broadband LLC [Member]
Segment Information (Details) [Line Items]
Equity Method Investment, Ownership Percentage	12.50%