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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Summary of Significant Accounting Policies  
Activity in the allowance for doubtful accounts

A provision for doubtful accounts is recorded based on our judgment of the collectability of receivables. Amounts are written off when determined to be fully uncollectible. Delinquent accounts are based on contractual terms. The activity in the allowance for doubtful accounts during the years ended December 31, 2021, 2020 and 2019 was as follows:

    

    

    

    

    

    

    

Write Off of

    

    

Balance

Charged to

Allowance

Uncollectible

Balance at

at Beginning

Costs and

From

Accounts, Net of

End of

Year Ended

    

of Period

    

Expenses

    

Acquisitions

    

Recoveries

    

Period

(in thousands)

December 31, 2021

$

648

$

56

$

$

(235)

$

469

December 31, 2020

$

671

$

420

$

$

(443)

$

648

December 31, 2019

$

759

$

578

$

$

(666)

$

671

Property and equipment

Property and equipment consisted of the following:

    

Estimated

    

December 31, 

    

Useful Life

    

2021

    

2020

(In thousands)

Land and land improvements

 

$

14,638

$

14,559

Buildings

 

31.5 years

 

38,225

 

38,059

Towers and antennae

 

7-15 years

 

25,918

 

25,976

Equipment

 

3-15 years

 

55,955

 

53,547

Furniture, fixtures and leasehold improvements

 

7-20 years

 

7,129

 

7,189

Vehicles

 

5 years

 

2,854

 

3,350

 

 

144,719

142,680

Accumulated depreciation

 

 

(91,375)

 

(87,795)

Net property and equipment

$

53,344

$

54,885

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

Years Ended December 31, 

    

    

2021

    

2020

    

2019

 

(In thousands, except per share data)

Numerator:

  

 

  

  

Net income (loss)

$

11,157

$

(1,913)

$

13,279

Less: Income (loss) allocated to unvested participating securities

 

190

 

(21)

292

Net income (loss) available to common stockholders

$

10,967

$

(1,892)

$

12,987

Denominator:

 

 

Denominator for basic earnings per share — weighted average shares

 

5,917

 

5,871

5,834

Effect of dilutive securities:

 

 

Common stock equivalents

 

 

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

 

5,917

 

5,871

5,834

Earnings (loss) per share:

 

 

Basic

$

1.85

$

(0.32)

$

2.23

Diluted

$

1.85

$

(0.32)

$

2.23