RELATED PARTY TRANSACTIONS	12 Months Ended
Dec. 31, 2019
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	14.RELATED PARTY TRANSACTIONS Richard A. Lumpkin, who was a member of our Board of Directors until April 4, 2019, had significant related party transactions. The following speaks to the related party transactions involving Mr. Lumpkin through April 4, 2019. As of December 31, 2019, there were no other significant related party transactions. Finance Leases Mr. Lumpkin, together with his family, beneficially owned 37.0%of Agracel, Inc. (“Agracel”), a real estate investment company, at April 4, 2019 and December 31, 2018. Mr. Lumpkin was also a director of Agracel. Agracel was the sole managing member and 50% owner of LATEL LLC (“LATEL”). Mr. Lumpkin and his immediate family had a 68.5% beneficial ownership of LATEL at April 4, 2019 and December 31, 2018. We had three finance lease agreements with LATEL for the occupancy of three buildings on a triple net lease basis. In accordance with the Company’s related person transactions policy, these leases were approved by our Audit Committee and Board of Directors (“BOD”). We accounted for these leases as finance leases in accordance with ASC 842, Leases. The finance lease agreements require us to pay substantially all expenses associated with general maintenance and repair, utilities, insurance and taxes. One of the lease agreements was terminated on October 31, 2019 while the remaining two lease agreements have a maturity date of May 31, 2021 each with two five-year options to extend the term of the lease after the initial expiration date. We were required to pay LATEL approximately $7.9 million over the initial terms of the lease agreements. The carrying value of the finance leases at December 31, 2018 was approximately $1.7 million. We recognized $0.1 million through April 4, 2019 and $0.3 million in each of 2018 and 2017 in interest expense. We also recognized $0.1 million in 2019 through April 4, 2019 and $0.4 million in each of 2018 and 2017 in amortization expense related to the finance leases. Long-Term Debt A trust, for which Mr. Lumpkin was the beneficiary of, owned $5.0 million of the Senior Notes. We recognized approximately $0.1 million through April 4, 2019 and $0.3 million in each of 2018 and 2017 in interest expense for the Senior Notes owned by the related party. Other Services Mr. Lumpkin also had a minority ownership interest in First Mid Bank & Trust (“First Mid”). We provided telecommunications products and services to First Mid and in return received approximately $0.2 million through April 4, 2019, $0.9 million in 2018 and $0.7 million in 2017 for these services.

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2019

14.RELATED PARTY TRANSACTIONS

Richard A. Lumpkin, who was a member of our Board of Directors until April 4, 2019, had significant related party transactions. The following speaks to the related party transactions involving Mr. Lumpkin through April 4, 2019. As of December 31, 2019, there were no other significant related party transactions.

Finance Leases

Mr. Lumpkin, together with his family, beneficially owned 37.0%of Agracel, Inc. (“Agracel”), a real estate investment company, at April 4, 2019 and December 31, 2018. Mr. Lumpkin was also a director of Agracel. Agracel was the sole managing member and 50% owner of LATEL LLC (“LATEL”). Mr. Lumpkin and his immediate family had a 68.5% beneficial ownership of LATEL at April 4, 2019 and December 31, 2018.

We had three finance lease agreements with LATEL for the occupancy of three buildings on a triple net lease basis. In accordance with the Company’s related person transactions policy, these leases were approved by our Audit Committee and Board of Directors (“BOD”). We accounted for these leases as finance leases in accordance with ASC 842, Leases. The finance lease agreements require us to pay substantially all expenses associated with general maintenance and repair, utilities, insurance and taxes. One of the lease agreements was terminated on October 31, 2019 while the remaining two lease agreements have a maturity date of May 31, 2021 each with two five-year options to extend the term of the lease after the initial expiration date. We were required to pay LATEL approximately $7.9 million over the initial terms of the lease agreements. The carrying value of the finance leases at December 31, 2018 was approximately $1.7 million. We recognized $0.1 million through April 4, 2019 and $0.3 million in each of 2018 and 2017 in interest expense. We also recognized $0.1 million in 2019 through April 4, 2019 and $0.4 million in each of 2018 and 2017 in amortization expense related to the finance leases.

Long-Term Debt

A trust, for which Mr. Lumpkin was the beneficiary of, owned $5.0 million of the Senior Notes. We recognized approximately $0.1 million through April 4, 2019 and $0.3 million in each of 2018 and 2017 in interest expense for the Senior Notes owned by the related party.

Other Services

Mr. Lumpkin also had a minority ownership interest in First Mid Bank & Trust (“First Mid”). We provided telecommunications products and services to First Mid and in return received approximately $0.2 million through April 4, 2019, $0.9 million in 2018 and $0.7 million in 2017 for these services.