Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Changes in Allowance for Doubtful Accounts for Trade Accounts Receivable

Changes in the allowance for doubtful accounts for trade accounts receivable for the years ended December 31, 2013, 2012 and 2011 are summarized below (in thousands):

	2013			2012			2011
Balance at beginning of year	$	1,113		$	838		$	460
Bad debt expense		2,019			2,870			3,243
Losses charged to allowance		(2,390	)		(2,854	)		(3,304	)
Recoveries added to allowance		182			259			439
Balance at end of year	$	924		$	1,113		$	838

Changes in Liability for Asset Removal Obligations

Changes in the liability for asset removal obligations for the years ended December 31, 2013, 2012 and 2011 are summarized below (in thousands):

	2013			2012			2011
Balance at beginning of year	$	5,896		$	7,610		$	6,542
Additional liabilities accrued		1,189			1,148			556
Changes to prior estimates		-			(2,265	)		-
Payments made		(909	)		(846	)		-
Accretion expense		309			249			512
Balance at end of year	$	6,485		$	5,896		$	7,610

Goodwill Activity

The following table presents the goodwill balance allocated by segment and changes in the balances for the years ended December 31, 2013 and 2012 (in thousands):

	CATV Segment			Wireline Segment		Total
Balance as of December 31, 2011	$	10,952		$	10	$	10,962
Impairment recognized		(10,952	)		-		(10,952	)
Balance as of December 31, 2012	$	-		$	10	$	10
No activity		-			-		-
Balance as of December 31, 2013	$	-		$	10	$	10

Intangible Assets

Intangible assets consist of the following at December 31, 2013 and 2012 (in thousands):

	2013							2012
	Gross Carrying Amount		Accum- ulated  Amort- ization			Net		Gross Carrying Amount		Accum- ulated Amort- ization			Net
Intangible assets subject to amortization:
Business contracts	$	2,069	$	(479	)	$	1,590	$	2,069	$	(354	)	$	1,715
Cable franchise rights		122		(122	)		-		122		(122	)		-
Acquired subscriber base		32,325		(27,197	)		5,128		32,325		(23,206	)		9,119
	$	34,516	$	(27,798	)	$	6,718	$	34,516	$	(23,682	)	$	10,834

Non-amortizing intangible assets:

Cable franchise rights	$	64,059	$	-		$	64,059	$	64,059	$	-		$	64,059
Railroad crossing rights		39		-			39		39		-			39
	$	64,098	$	-		$	64,098	$	64,098	$	-		$	64,098
Total intangibles	$	98,614	$	(27,798	)	$	70,816	$	98,614	$	(23,682	)	$	74,932

Amortization Expense for Intangible Assets

Aggregate amortization expense for intangible assets for the periods shown is expected to be as follows:

Year Ending December 31,	Amount
	(in thousands)
2014	$	2,566
2015		1,411
2016		943
2017		514
2018		196

Computation of basic and diluted earnings per share

The following tables show the computation of basic and diluted earnings per share for the years ended December 31, 2013, 2012 and 2011:

	2013			2012			2011
	(in thousands, except per share amounts)
Basic income per share
Net income	$	29,586		$	16,303		$	12,993
Weighted average shares outstanding		24,001			23,877			23,781
Basic income per share	$	1.23		$	0.68		$	0.55
Effect of stock options outstanding:
Weighted average shares outstanding		24,001			23,877			23,781
Assumed exercise, at the strike price at the beginning of year		485			343			231
Assumed repurchase of shares under treasury stock method		(371	)		(201	)		(186	)
Diluted weighted average shares		24,115			24,019			23,826
Diluted income per share	$	1.23		$	0.68		$	0.55