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Description of the business: - Acquisition of Sprint Communications - Net Consideration to be received from seller and Fair Value of Assets Acquired and Liabilities Assumed and Gain on Bargain Purchase (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 01, 2023
Jun. 30, 2023
Jun. 30, 2023
Gain on bargain purchase      
Total net consideration to be received from the Seller, net of discounts $ 595,814    
Gain on bargain purchase   $ 1,155,719 $ 1,155,719
Wireline Network Holdings LLC      
Current assets:      
Cash and cash equivalents 47,074    
Accounts receivable 39,948    
Prepaid expenses and other current assets 21,288    
Total current assets 108,310    
Total property and equipment 1,030,200    
Right-of-use leased assets 339,533    
Intangible assets $ 57,000    
Deposits and other assets 7,191    
Total assets $ 1,542,234    
Current liabilities:      
Accounts payable 13,312    
Accrued and other current liabilities $ 36,629    
Current maturities, operating lease liabilities 114,121    
Total current liabilities $ 164,062    
Operating lease liabilities, net of current maturities 372,915    
Deferred income tax liabilities 407,000    
Other long-term liabilities 38,352    
Total liabilities 982,329    
Fair value of net assets acquired 559,905    
Gain on bargain purchase      
Fair value of net assets acquired 559,905    
Total net consideration to be received from the Seller, net of discounts 595,814    
Gain on bargain purchase 1,155,719   1,200,000
Equal monthly payments to be made in months 1-12 29,200    
Equal monthly payments to be made in months 13-54 $ 8,300    
Acquired customer relationships, estimated useful life 9 years    
Acquired customer relationships, future amortization expense per year $ 6,300    
Acquired customer relationships, future amortization expense, amortization period 9 years    
Cash consideration $ 1   $ 1