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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Summary of Significant Accounting Policies  
Activity in the allowance for doubtful accounts

A provision for doubtful accounts is recorded based on our judgment of the collectability of receivables. Amounts are written off when determined to be fully uncollectible. Delinquent accounts are based on contractual terms. The activity in the allowance for doubtful accounts during the years ended December 31, 2022, 2021 and 2020 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, 2022

$

469

$

408

$

$

(358)

$

519

December 31, 2021

$

648

$

56

$

$

(235)

$

469

December 31, 2020

$

671

$

420

$

$

(443)

$

648

Property and equipment

Property and equipment consisted of the following:

    

Estimated

    

December 31, 

    

Useful Life

    

2022

    

2021

(In thousands)

Land and land improvements

 

$

15,259

$

14,638

Buildings

 

31.5 years

 

40,823

 

38,225

Towers and antennae

 

7-15 years

 

26,992

 

25,918

Equipment

 

3-15 years

 

52,459

 

55,955

Furniture, fixtures and leasehold improvements

 

7-20 years

 

7,741

 

7,129

Vehicles

 

5 years

 

2,780

 

2,854

 

 

146,054

144,719

Accumulated depreciation

 

 

(92,856)

 

(91,375)

Net property and equipment

$

53,198

$

53,344

Schedule of 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, 

    

2022

    

2021

    

2020

 

(In thousands, except per share data)

Numerator:

  

 

  

  

Net income

$

9,202

$

11,157

$

(1,913)

Less: Income allocated to unvested participating securities

 

140

 

190

(21)

Net income available to common shareholders

$

9,062

$

10,967

$

(1,892)

Denominator:

 

 

Denominator for basic earnings per share — weighted average shares

 

5,973

 

5,917

5,871

Effect of dilutive securities:

 

 

Common stock equivalents

 

 

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

 

5,973

 

5,917

5,871

Earnings per share:

 

 

Basic

$

1.52

$

1.85

$

(0.32)

Diluted

$

1.52

$

1.85

$

(0.32)