Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Changes in Allowance for Doubtful Accounts for Trade Accounts Receivable

Changes in the allowance for doubtful accounts for trade accounts receivable for the years ended December 31, 2014, 2013 and 2012 are summarized below (in thousands):

	2014			2013			2012
Balance at beginning of year	$	924		$	1,113		$	838
Bad debt expense		1,678			2,019			2,870
Losses charged to allowance		(2,218	)		(2,390	)		(2,854	)
Recoveries added to allowance		378			182			259
Balance at end of year	$	762		$	924		$	1,113

Changes in Liability for Asset Removal Obligations

Changes in the liability for asset removal obligations for the years ended December 31, 2014, 2013 and 2012 are summarized below (in thousands):

	2014			2013			2012
Balance at beginning of year	$	6,485		$	5,896		$	7,610
Additional liabilities accrued		403			1,189			1,148
Changes to prior estimates		-			-			(2,265	)
Payments made		(334	)		(909	)		(846	)
Accretion expense		374			309			249
Balance at end of year	$	6,928		$	6,485		$	5,896

Intangible Assets

Intangible assets consist of the following at December 31, 2014 and 2013 (in thousands):

	2014							2013
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets subject to amortization:
Business contracts	$	1,898	$	(495	)	$	1,403	$	2,069	$	(479	)	$	1,590
Cable franchise rights		122		(122	)		-		122		(122	)		-
Acquired subscriber base		32,315		(29,556	)		2,759		32,325		(27,197	)		5,128
	$	34,335	$	(30,173	)	$	4,162	$	34,516	$	(27,798	)	$	6,718

	2014							2013
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Non-amortizing intangible assets:
Cable franchise rights	$	64,059	$	-		$	64,059	$	64,059	$	-		$	64,059
Railroad crossing rights		39		-			39		39		-			39
	$	64,098	$	-		$	64,098	$	64,098	$	-		$	64,098
Total intangibles	$	98,433	$	(30,173	)	$	68,260	$	98,614	$	(27,798	)	$	70,816

Amortization Expense for Intangible Assets

Aggregate amortization expense for intangible assets for the periods shown is expected to be as follows:

Year Ending December 31,	Amount
	(in thousands)
2015	$	1,411
2016		943
2017		514
2018		196
2019		112

Computation of Basic and Diluted Earnings per Share

The following tables show the computation of basic and diluted earnings per share for the years ended December 31, 2014, 2013 and 2012:

	2014			2013			2012
Basic income per share	(in thousands, except per share amounts)
Net income	$	33,883		$	29,586		$	16,303
Weighted average shares outstanding		24,099			24,001			23,877
Basic income per share	$	1.41		$	1.23		$	0.68
Effect of stock options outstanding:
Weighted average shares outstanding		24,099			24,001			23,877
Assumed exercise, at the strike price at the beginning of year		705			485			343
Assumed repurchase of shares under treasury stock method		(444	)		(371	)		(201	)
Diluted weighted average shares		24,360			24,115			24,019
Diluted income per share	$	1.39		$	1.23		$	0.68