Segment Reporting

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The divestiture of our Wireless operations represents a strategic shift in the Company’s business and qualifies as a discontinued operation. As a result, the operating results and cash flows related to the Wireless segment have been reflected as discontinued operations in our Unaudited Condensed Consolidated Statements of Comprehensive Income and the Unaudited Condensed Consolidated Statements of Cash Flows. The tables below reflect the results of operations of the Company's reportable segments in continuing operations, consistent with internal reporting used by the Company.

Three Months Ended June 30, 2021:

(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	43,989	$	—	$	—	$	43,989
Commercial Fiber	6,531		—		—		6,531
RLEC & Other	3,605		—		—		3,605
Tower lease	—		2,019		—		2,019
Service revenue and other	54,125		2,019		—		56,144
Revenue for service provided to the discontinued Wireless operations	2,102		2,595		(141)		4,556
Total revenue	56,227		4,614		(141)		60,700
Operating expenses
Cost of services	23,127		1,318		(110)		24,335
Selling, general and administrative	12,806		338		7,176		20,320
Restructuring expense	27		—		16		43
Depreciation and amortization	11,775		449		1,075		13,299
Total operating expenses	47,735		2,105		8,157		57,997
Operating income (loss)	$	8,492	$	2,509	$	(8,298)	$	2,703

Three Months Ended June 30, 2020:

(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	37,684	$	—	$	—	$	37,684
Commercial Fiber	6,282		—		—		6,282
RLEC & Other	3,982		—		—		3,982
Tower lease	—		1,829		—		1,829
Service revenue and other	47,948		1,829		—		49,777
Revenue for service provided to the discontinued Wireless operations	2,185		2,430		(56)		4,559
Total revenue	50,133		4,259		(56)		54,336
Operating expenses
Cost of services	20,861		1,315		5		22,181
Selling, general and administrative	9,465		238		12,389		22,092
Depreciation and amortization	10,307		477		1,146		11,930
Total operating expenses	40,633		2,030		13,540		56,203
Operating income (loss)	$	9,500	$	2,229	$	(13,596)	$	(1,867)

Six Months Ended June 30, 2021:

(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	86,919	$	—	$	—	$	86,919
Commercial Fiber	12,916		—		—		12,916
RLEC & Other	7,236		—		—		7,236
Tower lease	—		4,169		—		4,169
Service revenue and other	107,071		4,169		—		111,240
Revenue for service provided to the discontinued Wireless operations	4,310		5,110		(269)		9,151
Total revenue	111,381		9,279		(269)		120,391
Operating expenses
Cost of services	45,263		2,566		(211)		47,618
Selling, general and administrative	23,531		572		16,370		40,473
Restructuring expense	132		—		529		661
Depreciation and amortization	23,536		930		2,099		26,565
Total operating expenses	92,462		4,068		18,787		115,317
Operating income (loss)	$	18,919	$	5,211	$	(19,056)	$	5,074

Six Months Ended June 30, 2020:

(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	74,693	$	—	$	—	$	74,693
Commercial Fiber	12,482		—		—		12,482
RLEC & Other	8,026		—		—		8,026
Tower lease	—		3,626		—		3,626
Service revenue and other	95,201		3,626		—		98,827
Revenue for service provided to the discontinued Wireless operations	4,718		4,363		(438)		8,643
Total revenue	99,919		7,989		(438)		107,470
Operating expenses
Cost of services	40,247		2,254		(3)		42,498
Selling, general and administrative	19,169		764		24,255		44,188
Depreciation and amortization	20,341		947		2,727		24,015
Total operating expenses	79,757		3,965		26,979		110,701
Operating income (loss)	$	20,162	$	4,024	$	(27,417)	$	(3,231)

A reconciliation of the total of the reportable segments’ operating income to consolidated income before taxes is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Total consolidated operating income (loss)	$	2,703	$	(1,867)	$	5,074	$	(3,231)
Other income, net	1,338		1,271		2,938		2,020
Income (loss) from continuing operations before income taxes	$	4,041	$	(596)	$	8,012	$	(1,211)

The Company’s chief operating decision maker (CODM) does not currently review total assets by segment since the assets are centrally managed and some of the assets are shared by the segments, accordingly total assets by segment are not provided.