Quarterly report pursuant to Section 13 or 15(d)

Tower Sale and Leaseback (Tables)

v3.8.0.1
Tower Sale and Leaseback (Tables)
9 Months Ended
Sep. 30, 2017
Tower Sale and Leaseback [Abstract]  
Schedule of Sale Leaseback Transactions
The following table summarizes the impacts to the Consolidated Balance Sheets (amounts in thousands):
 
September 30, 2017
December 31, 2016
Property and equipment (1)
$
19,528

18,792

Tower obligation(2)
$
93,842

87,653

(1) Property conveyed to Vertical Bridge as part of the Tower Transaction, but remains on our Consolidated Balance Sheets.
(2) Excluding current portion and net of deferred transaction costs.
Schedule of Future Minimum Lease Payments for 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
2017
$
1,851

2018
7,465

2019
7,615

2020
7,767

2021
7,922

2022 and thereafter
157,381

Total minimum payments
190,001

Less amount representing interest
93,620

Tower obligation
$
96,381