v3.26.1
OPERATING ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Accounts Receivable
Accounts receivable, net, consisted of the following (in thousands):
June 30, 2026December 31, 2025
Trade receivables$52,701 $45,712 
Other receivables(1)
6,118 16,013 
Less: Allowance for credit losses(3,254)(3,147)
Total accounts receivable, net$55,565 $58,578 
(1)Balances include $0.5 million and $3.3 million of receivables from the federal government under the Secure and Trusted Communications Networks Reimbursement Program as of June 30, 2026 and December 31, 2025, respectively. The balance as of December 31, 2025 also includes $1.6 million due from Clearwave Fiber LLC, a former joint venture among the Company and certain unaffiliated third-party investors (“Clearwave Fiber”), for services provided by the Company under a transition services agreement.
Schedule of Allowance for Doubtful Accounts
The changes in the allowance for credit losses were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Beginning balance$3,089 $2,717 $3,147 $2,920 
Additions - charged to costs and expenses3,000 1,700 4,540 2,915 
Deductions - write-offs(3,514)(2,651)(5,991)(5,328)
Recoveries collected679 1,122 1,558 2,381 
Ending balance$3,254 $2,888 $3,254 $2,888 
Schedule of Prepaid and Other Current Assets
Prepaid and other current assets consisted of the following (in thousands):
June 30, 2026December 31, 2025
Prepaid repairs and maintenance$7,340 $6,373 
Software implementation costs4,100 3,649 
Prepaid insurance150 3,757 
Prepaid rent3,215 2,410 
Prepaid software16,854 9,658 
Deferred commissions8,198 7,101 
Interest rate swap asset15,662 9,240 
Prepaid income tax payments— 17,854 
MBI Net Option(1)
— 31,830 
All other current assets6,357 3,366 
Total prepaid and other current assets$61,876 $95,238 
(1)Balance as of December 31, 2025 represents the net value of the Company's Call Option and Put Option associated with the remaining equity interests of MBI, consisting of assets of $31.8 million and $0, respectively. The carrying value of the MBI option was reclassified to current liabilities and presented as a separate line item within the condensed consolidated balance sheets as of June 30, 2026. Refer to notes 5 and 10 for definitions of all capitalized terms and further information on these instruments.
Schedule of Other Assets, Noncurrent
Other noncurrent assets consisted of the following (in thousands):
June 30, 2026December 31, 2025
Operating lease right-of-use assets$8,207 $7,087 
Deferred commissions18,580 15,496 
Software implementation costs11,371 12,714 
Debt issuance costs2,020 4,030 
Debt investment2,578 2,504 
Interest rate swap asset23,662 15,947 
All other noncurrent assets16,990 10,763 
Total other noncurrent assets$83,408 $68,541 
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consisted of the following (in thousands):
June 30, 2026December 31, 2025
Accounts payable$25,577 $28,059 
Accrued programming costs9,868 9,811 
Accrued compensation and related benefits15,927 24,950 
Accrued sales and other operating taxes21,014 17,137 
Accrued franchise fees1,942 2,418 
Deposits4,265 4,775 
Operating lease liabilities2,591 2,602 
Accrued insurance costs4,075 4,181 
Cash overdrafts17,504 18,250 
Interest payable5,363 4,508 
Income taxes payable— 1,203 
All other accrued liabilities27,517 25,164 
Total accounts payable and accrued liabilities$135,643 $143,058 
Schedule of Other Noncurrent Liabilities
Other noncurrent liabilities consisted of the following (in thousands):
June 30, 2026December 31, 2025
Operating lease liabilities$5,065 $3,891 
Accrued compensation and related benefits7,033 6,748 
Deferred revenue6,800 10,917 
Income taxes payable9,045 — 
All other noncurrent liabilities2,236 3,519 
Total other noncurrent liabilities$30,179 $25,075