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OTHER INCOME AND EXPENSE
 9 Months Ended
Sep. 30, 2024
Other Income and Expenses [Abstract]  
OTHER INCOME AND EXPENSE OTHER INCOME AND EXPENSE
The reclassification of interest and investment income from other income to interest expense, net, in the condensed consolidated statement of operations and comprehensive income has been reflected in prior period amounts to conform to the current year presentation.
Other income (expense) consisted of the following (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
MBI Net Option fair value adjustment$(1,510)$(23,910)$(17,120)$(38,650)
Write-off of debt issuance costs— — — (3,340)
C-band spectrum relocation funding(1)
— — 7,669 — 
Gain (loss) on sale of equity investments, net— (1,558)— (1,558)
Gain (loss) on fair value adjustment of equity investments, net(2)
(20)45 76 13,130 
Other
6,782 51 6,871 (194)
Other income (expense), net$5,252 $(25,372)$(2,504)$(30,612)
(1)Represents the gain related to C-band spectrum relocation funding received from the federal government.
(2)Amount for the nine months ended September 30, 2023 represents a non-cash mark-to-market gain on the Company's investment in Point Broadband as a result of an observable market transaction in Point Broadband’s equity.