Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Significant Accounting Policies

Activity in the allowance for doubtful accounts

A provision for credit losses 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 credit losses during the years ended December 31, 2023, 2022 and 2021 was as follows:

					Write Off of
	Balance		Charged to		Uncollectible		Balance at
	at Beginning		Costs and		Accounts, Net of		End of
Year Ended	of Period		Expenses		Recoveries		Period
	(in thousands)
December 31, 2023	$	519	$	397	$	(298)	$	618
December 31, 2022	$	469	$	408	$	(358)	$	519
December 31, 2021	$	648	$	56	$	(235)	$	469

Property and equipment

Property and equipment consisted of the following:

	Estimated		December 31,
	Useful Life		2023		2022
	(In thousands)
Land and land improvements		—	$	15,239	$	15,259
Buildings		31.5 years		40,460		40,823
Towers and antennae		7-15 years		27,145		26,992
Equipment		3-15 years		54,747		52,459
Furniture, fixtures and leasehold improvements		7-20 years		7,907		7,741
Vehicles		5 years		2,767		2,780
				148,265		146,054
Accumulated depreciation				(96,860)		(92,856)
Net property and equipment			$	51,405	$	53,198

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,
	2023		2022		2021
	(In thousands, except per share data)
Numerator:
Net income	$	9,500	$	9,202	$	11,157
Less: Income allocated to unvested participating securities		149		140		190
Net income available to common shareholders	$	9,351	$	9,062	$	10,967
Denominator:
Denominator for basic earnings per share — weighted average shares		6,045		5,973		5,917
Effect of dilutive securities:
Common stock equivalents		—		—		—
Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions		6,045		5,973		5,917
Earnings per share:
Basic	$	1.55	$	1.52	$	1.85
Diluted	$	1.55	$	1.52	$	1.85