Quarterly report pursuant to Section 13 or 15(d)

Tower Sale and Leaseback (Tables)

v3.7.0.1
Tower Sale and Leaseback (Tables)
3 Months Ended
Mar. 31, 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):
 
March 31, 2017
December 31, 2016
Property and equipment (1)
$
21,472

18,792

Tower obligation(2)
$
91,221

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
$
5,329

2018
7,339

2019
7,486

2020
7,635

2021
7,788

2022 and thereafter
154,706

Total minimum payments
190,283

Less amount representing interest
96,661

Tower obligation
$
93,622