Quarterly report pursuant to Section 13 or 15(d)

Tower Sale and Leaseback (Tables)

v3.5.0.2
Tower Sale and Leaseback (Tables)
9 Months Ended
Sep. 30, 2016
Tower Sale and Leaseback [Abstract]  
Tower Sale and Leaseback Balance Sheet Impacts
The following table summarizes the impacts to the Consolidated Balance Sheets (amounts in thousands):
 
September 30, 2016
Property and equipment (1)
$
19,159

Tower obligation(2)
$
88,060

(1) Property conveyed to VBT as part of the Tower Transaction, but remains on our Consolidated Balance Sheets.
(2) Excluding current portion and net of deferred transaction costs.
Furture minimum payments under Tower Obligation
Future minimum payments related to the Tower Obligation, including expected renewals and excluding deferred transaction costs, are summarized below (amounts in thousands):
Years ending December 31,
Total
2016
$
1,735

2017
6,996

2018
7,136

2019
7,279

2020
7,425

2021 and thereafter
157,690

Total minimum payments
188,261

Less amount representing interest
98,118

Tower obligation
$
90,143