Business Combinations and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Finite-Lived Intangible Assets

Finite-lived intangible assets and liabilities are being amortized over the following estimated useful lives that were established on the dates acquired:



		Estimated Useful Life
Affiliate contract expansion		4 - 14 years
Favorable and unfavorable leases - wireless		1 - 28 years
Acquired subscribers - cable		3 - 10 years
Other intangibles		15 - 20 years

The Company recorded the following in the wireless segment:



($ in thousands)	Estimated Useful Life (in years)	February 1, 2018
Affiliate contract expansion	12	$	45,148
Prepayment of tangible assets	N/A	6,497
Off-market leases - favorable	16.5	3,665
Off-market leases - unfavorable	4.2	(3,310		)
Total		$	52,000

Intangible assets consisted of the following:



	December 31, 2018							December 31, 2017
(in thousands)	Gross Carrying Amount		Accumulated Amortization and Other			Net		Gross Carrying Amount		Accumulated Amortization and Other			Net
Non-amortizing intangibles:
Cable franchise rights	$	64,334	$	—		$	64,334	$	64,334	$	—		$	64,334
Railroad crossing rights	141		—			141		141		—			141
Total non-amortizing intangibles	64,475		—			64,475		64,475		—			64,475

Finite-lived intangibles:
Affiliate contract expansion - Wireless	455,305		(167,830		)	287,475		410,157		(105,964		)	304,193
Favorable leases - Wireless	15,743		(1,919		)	13,824		13,103		(1,222		)	11,881
Acquired subscribers - Cable	25,265		(25,250		)	15		25,265		(25,100		)	165
Other intangibles	463		(223		)	240		463		(198		)	265
Total finite-lived intangibles	496,776		(195,222		)	301,554		448,988		(132,484		)	316,504
Total intangible assets	$	561,251	$	(195,222	)	$	366,029	$	513,463	$	(132,484	)	$	380,979

Schedule of Purchase Price Allocation

The following table summarizes the final purchase price allocation to assets acquired and liabilities assumed, including measurement period adjustments:



(in thousands)	Purchase Price Allocation
Accounts receivable	$	47,234
Inventory	4,572
Restricted cash	2,167
Investments	1,501
Prepaid expenses and other assets	14,835
Building held for sale	4,950
Property, plant and equipment	227,247
Spectrum licenses	198,200
Acquired subscribers - wireless	205,946
Favorable lease intangible assets	17,029
Goodwill	146,383
Other long term assets	10,843
Total assets acquired	$	880,907

Accounts payable	8,543
Advanced billings and customer deposits	12,477
Accrued expenses	23,141
Capital lease liability	418
Deferred tax liabilities	129,291
Retirement benefits	19,198
Other long-term liabilities	20,085
Total liabilities assumed	$	213,153

Net assets acquired	$	667,754

Unaudited Pro Forma Results

The following table presents the unaudited pro forma information, based on estimates and assumptions that the Company believes to be reasonable, for the Company as if the acquisition of nTelos had occurred at the beginning of the period presented:

(in thousands)

Year Ended
December 31, 2016

Operating revenues

Income (loss) before income taxes