INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of investments

	September 30,		December 31,
(In thousands)	2022		2021
Short-term investments:
Held-to-maturity debt securities	$	—	$	110,801
Long-term investments:
Cash surrender value of life insurance policies	$	2,760	$	2,659
CoBank, ACB Stock		7,250		7,867
Other		273		273
	$	10,283	$	10,799
Assets of discontinued operations:
Investments at cost:
GTE Mobilnet of South Texas Limited Partnership (2.34% interest)	$	—	$	21,450
Pittsburgh SMSA Limited Partnership (3.60% interest)		—		22,950
Equity method investments:
GTE Mobilnet of Texas RSA #17 Limited Partnership (20.51% interest)		—		19,648
Pennsylvania RSA 6(I) Limited Partnership (16.67% interest)		—		7,303
Pennsylvania RSA 6(II) Limited Partnership (23.67% interest)		—		27,428
	$	—	$	98,779

Disposed of by Sale | Five Limited Partnership Interests

Schedule of income statement effects and cash flows related to discontinued operations

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2022		2021		2022		2021
Investment income	$	4,744	$	11,020	$	22,628	$	31,815
Gain on sale of discontinued operations		389,905		—		389,905		—
Income from discontinued operations, before income taxes		394,649		11,020		412,533		31,815
Income tax expense		94,715		2,401		99,973		6,926
Net income from discontinued operations	$	299,934	$	8,619	$	312,560	$	24,889

	Nine Months Ended
	September 30,
(In thousands)	2022		2021
Cash provided by operating activities - discontinued operations	$	25,023	$	33,160
Cash provided by investing activities - discontinued operations	$	489,567	$	—