v3.26.1
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill and intangible assets consisted of the following:
 June 30, 2026December 31, 2025
(in thousands)Gross
Carrying
Amount
Accumulated Amortization and OtherNetGross
Carrying
Amount
Accumulated Amortization and OtherNet
Goodwill$67,538 $— $67,538 $67,538 $— $67,538 
Indefinite-lived intangibles:
Cable franchise rights64,334 — 64,334 64,334 — 64,334 
FCC Spectrum licenses12,122 — 12,122 12,122 — 12,122 
Railroad crossing rights and other591 — 591 557 — 557 
Total indefinite-lived intangibles77,047 — 77,047 77,013 — 77,013 
Finite-lived intangibles:
Subscriber relationships43,012 (31,600)11,412 43,012 (30,792)12,220 
Other intangibles537 (430)107 537 (417)120 
Total finite-lived intangibles43,549 (32,030)11,519 43,549 (31,209)12,340 
Total intangible assets$120,596 $(32,030)$88,566 $120,562 $(31,209)$89,353 

Amortization expense was $0.4 million and $0.5 million during the three months ended June 30, 2026 and 2025, respectively, and $0.8 million and $0.9 million during the six months ended June 30, 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 and six months ended June 30, 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.