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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Selected Financial Data for the Company's Business Segment Information

Selected financial data for the Company’s business segment information is as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(dollars in millions)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

272.8

 

 

$

275.3

 

 

$

544.4

 

 

$

551.2

 

Total revenue

 

$

272.8

 

 

$

275.3

 

 

$

544.4

 

 

$

551.2

 

Operating (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

4.2

 

 

$

(4.0

)

 

$

8.0

 

 

$

(33.8

)

Corporate

 

 

(6.4

)

 

 

(4.0

)

 

 

(13.0

)

 

 

(13.4

)

Total operating loss

 

$

(2.2

)

 

$

(8.0

)

 

$

(5.0

)

 

$

(47.2

)

Expenditures for long-lived assets*

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

132.7

 

 

$

153.4

 

 

$

288.0

 

 

$

295.4

 

Corporate

 

 

 

 

 

0.1

 

 

 

 

 

 

0.2

 

Total expenditures for long-lived assets

 

$

132.7

 

 

$

153.5

 

 

$

288.0

 

 

$

295.6

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Network

 

$

80.2

 

 

$

90.3

 

 

$

157.6

 

 

$

203.1

 

Corporate

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

 

0.2

 

Total depreciation and amortization

 

$

80.3

 

 

$

90.4

 

 

$

157.7

 

 

$

203.3

 

 

* Includes cost of acquisitions

 

(dollars in millions)

 

June 30, 2024

 

 

December 31, 2023

 

Assets

 

 

 

 

 

 

Network

 

$

3,701.5

 

 

$

3,597.2

 

Total assets from discontinued operations

 

 

915.0

 

 

 

1,030.2

 

Corporate and eliminations

 

 

229.0

 

 

 

128.1

 

Total assets

 

$

4,845.5

 

 

$

4,755.5