Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and intangible assets consisted of the following:


	March 31, 2026						December 31, 2025
(in thousands)	Gross Carrying Amount		Accumulated Amortization and Other		Net		Gross Carrying Amount		Accumulated Amortization and Other		Net
Goodwill	$	67,538	$	—	$	67,538	$	67,538	$	—	$	67,538
Indefinite-lived intangibles:
Cable franchise rights	64,334		—		64,334		64,334		—		64,334
FCC Spectrum licenses	12,122		—		12,122		12,122		—		12,122
Railroad crossing rights and other	591		—		591		557		—		557
Total indefinite-lived intangibles	77,047		—		77,047		77,013		—		77,013

Finite-lived intangibles:
Subscriber relationships	43,012		(31,213)		11,799		43,012		(30,792)		12,220
Other intangibles	537		(423)		114		537		(417)		120
Total finite-lived intangibles	43,549		(31,636)		11,913		43,549		(31,209)		12,340
Total intangible assets	$	120,596	$	(31,636)	$	88,960	$	120,562	$	(31,209)	$	89,353

Amortization expense was $0.4 million and $0.5 million during the three months ended March 31, 2026 and 2025, respectively.

As of October 1, 2025, management concluded that the estimated fair value of the broadband reporting unit exceeded the carrying value by 8%. During the three months ended March 31, 2026, the Company performed goodwill impairment monitoring procedures and identified no indicators of impairment or triggering events. The Company will continue to monitor its reporting unit for any triggers that could impact recoverability of goodwill.