Intangible Assets (Tables)

3 Months Ended

Jun. 30, 2026

Intangible assets consist of the following activity for the three months ended June 30, 2026 and 2025 (in thousands):


	Three months ended June 30,
	2026		2025
Balance at the beginning of period	$	310,712	$	228,983
Acquisitions	1,920		3,932
Sale of intangible assets	—		(1,512)
Exchanges - licenses received	13,522		40,618
Exchanges - licenses surrendered	(2,869)		(6,702)
Balance at the end of period	323,285		265,319
Less: licenses classified as held for sale	(13,000)		—
Intangible assets	$	310,285	$	265,319