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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Activity in the allowance for doubtful accounts
The activity in the allowance for doubtful accounts during the years ended December 31, 2017, 2016 and 2015 was as follows:
 
 
 
 
 
 
 
 
 
 
 
 
Write Off of
 
 
 
 
 
 
Balance
 
Charged to
 
Allowance
 
Uncollectible
 
Balance at
 
 
 
at Beginning
 
Costs and
 
From
 
Accounts, Net of
 
End of
 
Year Ended
 
of Period
 
Expenses
 
Acquisitions
 
Recoveries
 
Period
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
$
518
 
$
333
 
$
181
 
$
(305)
 
$
727
 
December 31, 2016
 
$
614
 
$
195
 
$
 
$
(291)
 
$
518
 
December 31, 2015
 
$
378
 
$
294
 
$
99
 
$
(157)
 
$
614
 
 
Property and equipment
Property and equipment consisted of the following:
 
 
 
Estimated
 
December 31,
 
 
 
Useful Life
 
2017
 
2016
 
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Land and land improvements
 
 
 
$
13,594
 
$
12,307
 
Buildings
 
 
31.5 years
 
 
34,905
 
 
32,046
 
Towers and antennae
 
 
7-15 years
 
 
24,538
 
 
23,066
 
Equipment
 
 
3-15 years
 
 
52,534
 
 
56,745
 
Furniture, fixtures and leasehold improvements
 
 
7-20 years
 
 
6,822
 
 
7,261
 
Vehicles
 
 
5 years
 
 
3,463
 
 
3,255
 
 
 
 
 
 
 
135,856
 
 
134,680
 
Accumulated depreciation
 
 
 
 
 
(79,621)
 
 
(85,506)
 
Net property and equipment
 
 
 
 
$
56,235
 
$
49,174
 
 
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
 
Years Ended December 31,
 
 
 
2017
 
2016
 
2015
 
 
 
(In thousands, except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
22,246
 
$
12,910
 
$
9,146
 
Less: Income allocated to unvested participating securities
 
 
370
 
 
231
 
 
171
 
Income from continuing operations available to common stockholders
 
$
21,876
 
$
12,679
 
$
8,975
 
 
 
 
 
 
 
 
 
 
 
 
Income from discontinued operations
 
$
32,471
 
$
5,276
 
$
4,268
 
Less: Income allocated to unvested participating securities
 
 
541
 
 
94
 
 
80
 
Income from discontinued operations available to common stockholders
 
$
31,930
 
$
5,182
 
$
4,188
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
53,806
 
$
17,861
 
$
13,163
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
Denominator for basic earnings per share-weighted average shares
 
 
5,803
 
 
5,761
 
 
5,706
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
4
 
 
10
 
 
34
 
Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions
 
 
5,807
 
 
5,771
 
 
5,740
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
From continuing operations
 
$
3.77
 
$
2.20
 
$
1.58
 
From discontinued operations
 
 
5.50
 
 
0.90
 
 
0.73
 
Basic earnings per share
 
$
9.27
 
$
3.10
 
$
2.31
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
 
 
 
 
 
From continuing operations
 
$
3.77
 
$
2.19
 
$
1.56
 
From discontinued operations
 
 
5.50
 
 
0.90
 
 
0.73
 
Diluted earnings per share
 
$
9.27
 
$
3.09
 
$
2.29