Other Assets and Accrued Liabilities

6 Months Ended

Jun. 30, 2023

Other Liabilities Disclosure [Abstract]

Other Assets and Accrued Liabilities

Other Assets and Accrued Liabilities

Prepaid expenses and other, classified as current assets, included the following:

(in thousands)	June 30, 2023		December 31, 2022
Prepaid maintenance expenses	$	6,830	$	7,444
Broadband contract acquisition costs	3,026		2,809
Other	3,018		1,256
Prepaid expenses and other	$	12,874	$	11,509

Deferred charges and other assets, classified as long-term assets, included the following:

(in thousands)	June 30, 2023		December 31, 2022
Broadband contract acquisition costs	$	5,716	$	5,837
Interest rate swaps	2,438		—
Prepaid expenses and other	7,403		7,422
Deferred charges and other assets	$	15,557	$	13,259

Accrued liabilities and other, classified as current liabilities, included the following:

(in thousands)	June 30, 2023		December 31, 2022
Accrued programming costs	$	3,142	$	3,306
Pension plan	—		3,341
Other current liabilities	9,624		11,259
Accrued liabilities and other	$	12,766	$	17,906

Other liabilities, classified as long-term liabilities, included the following:

(in thousands)	June 30, 2023		December 31, 2022
Noncurrent portion of deferred lease revenue	$	18,788	$	18,679
Noncurrent portion of financing leases	1,414		1,500
Other	281		39
Other liabilities	$	20,483	$	20,218

In 2021, Shentel’s Board of Directors adopted a resolution to terminate its pension plan. The Company terminated the pension plan and all benefits were distributed in June 2023 through the combination of lump sum payments and the purchase of non-participating annuity contracts at the option of the pension plan participants. The Company made an additional $2.9 million contribution from its cash balance as a result of the settlement and recognized a settlement gain of $0.7 million in other income (expense).