v3.25.2
Description of the business: - Acquisition of Sprint Communications - Fair Value of Assets Acquired and Liabilities Assumed and Gain on Bargain Purchase (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 04, 2025
May 01, 2023
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Gain on bargain purchase              
Loss on debt extinguishment and redemption - 2026 notes $ 5,600   $ 5,606     $ 5,606  
Estimated payment related to acquired short-term lease obligations   $ 157,200          
Wireline Network Holdings LLC              
Description of the business:              
Severance reimbursement payments received       $ 8,000 $ 4,300    
Adjustment to net deferred income tax liabilities       19,700      
Current assets:              
Cash and cash equivalents   47,074          
Accounts receivable   39,948          
Prepaid expenses and other current assets   22,777          
Total current assets   109,799          
Total property and equipment   965,715          
Right-of-use leased assets   304,982          
IPv4 intangible asset   458,000          
Other intangible assets   $ 16,000          
Deposits and other assets   7,521          
Total assets   $ 1,862,017          
Current liabilities:              
Accounts payable   13,313          
Accrued and other current liabilities   $ 25,344          
Current maturities, operating lease liabilities   74,562          
Current maturities, finance lease liabilities   $ 39,559          
Total current liabilities   152,778          
Operating lease liabilities, net of current maturities   251,573          
Finance lease liabilities, net of current maturities   121,342          
Deferred income tax liabilities   474,891          
Other long-term liabilities   35,366          
Total liabilities   1,035,950          
Fair value of net assets acquired   826,067          
Gain on bargain purchase              
Fair value of net assets acquired   826,067          
Total net consideration to be received from the Seller, net of discounts   602,581          
Gain on bargain purchase   1,428,648          
Reduction to gain on bargain purchase - Sprint Business       27,700 5,500    
Reduction in short term lease payment         24,200    
Reduction of acquired short term lease obligations, net of discount         17,000    
Increase in unfavorable lease liabilities         6,000    
Decrease in accrued liabilities         11,300    
Reduction in deferred income tax liabilities         1,900    
Increase in deferred tax liability       19,700      
Severance reimbursement payments received       8,000 $ 4,300    
Amounts due from Seller - IP Transit Services Agreement, amount of discount   79,610          
Equal monthly payments to be made in months 1-12   29,200          
Equal monthly payments to be made in months 13-54   8,300          
Cash consideration   $ 1       1  
Wireline Network Holdings LLC | Customer relationships              
Current assets:              
Other intangible assets     16,000     $ 16,000  
Gain on bargain purchase              
Acquired customer relationships, future amortization expense, amortization period (in years)           7 years  
Acquired customer relationships, estimated useful life (in years)   9 years          
Acquired customer relationships, future amortization expense per year     1,800     $ 1,800  
Intangible Assets     $ 400 $ 400   $ 800 $ 900