INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2013

INVESTMENTS

Schedule of investments

	September 30,		December 31,
(In thousands)	2013		2012
Cash surrender value of life insurance policies	$	2,143	$	2,045
Cost method investments:
GTE Mobilnet of South Texas Limited Partnership (2.34% interest)	21,450		21,450
Pittsburgh SMSA Limited Partnership (3.60% interest)	22,950		22,950
CoBank, ACB Stock	5,070		5,023
Other	215		430
Equity method investments:
GTE Mobilnet of Texas RSA #17 Limited Partnership (20.51% interest)	27,621		25,695
Pennsylvania RSA 6(I) Limited Partnership (16.6725% interest)	7,599		7,286
Pennsylvania RSA 6(II) Limited Partnership (23.67% interest)	24,094		23,338
CVIN, LLC (12.86% interest)	1,771		1,533
Totals	$	112,913	$	109,750

Summary of combined unaudited results of operations and financial position of our three equity investments in the cellular limited partnerships

	Quarter Ended				Nine Months
	September 30,				Ended September 30,
(In thousands)	2013		2012		2013		2012
Total revenues	$	82,394	$	75,317	$	238,455	$	221,207
Income from operations	25,874		21,611		74,762		63,538
Net income before taxes	25,896		21,626		74,808		63,582
Net income	25,896		21,522		74,808		63,270

	September 30,		December 31,
(In thousands)	2013		2012
Current assets	$	59,232	$	49,982
Non-current assets	86,137		79,529
Current liabilities	14,692		15,417
Non-current liabilities	1,594		1,351
Partnership equity	129,083		112,734