| Schedule of assets and liabilities of the entity measured at fair value on a recurring basis |
Assets and liabilities of the Company measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 are summarized as follows (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | | Significant Other | | | Quoted Prices in | | Observable | | Unobservable | | | | | | Active Markets | | Inputs | | Inputs | | | | Description | | (Level 1) | | (Level 2) | | (Level 3) | | Total | Short term investments | | $ | 396 | | $ | — | | $ | — | | $ | 396 | Employee benefit plan investments | | | 2,488 | | | — | | | — | | | 2,488 | Interest rate swap | | | — | | | 1,261 | | | — | | | 1,261 | Alloy contingent consideration (2) | | | — | | | — | | | (5,642) | | | (5,642) | Alaska Communications redeemable common units (3) | | | — | | | — | | | — | | | — | Warrants on Alaska Communications redeemable common units | | | — | | | — | | | — | | | — | Total assets and liabilities measured at fair value | | $ | 2,884 | | $ | 1,261 | | $ | (5,642) | | $ | (1,497) |
| | | | | | | | | | | | | | | December 31, 2025 | | | Significant Other | | | Quoted Prices in | | Observable | | Unobservable | | | | | | Active Markets | | Inputs | | Inputs | | | | Description | | (Level 1) | | (Level 2) | | (Level 3) | | Total | Short term investments | | $ | 395 | | $ | — | | $ | — | | $ | 395 | Employee benefit plan investments | | | 2,257 | | | — | | | — | | | 2,257 | Interest rate swap | | | — | | | (545) | | | — | | | (545) | Alloy redeemable common units (1) | | | — | | | — | | | (15,000) | | | (15,000) | Alloy contingent consideration (2) | | | — | | | — | | | (9,545) | | | (9,545) | Alaska Communications redeemable common units (3) | | | — | | | — | | | — | | | — | Warrants on Alaska Communications redeemable common units | | | — | | | — | | | — | | | — | Total assets and liabilities measured at fair value | | $ | 2,652 | | $ | (545) | | $ | (24,545) | | $ | (22,438) |
| (1) | Represents redeemable common units in Alloy, Inc. (“Alloy”), the parent company of the Company’s operations in the southwest US. These units are carried at the higher or historical cost or fair value. At June 30, 2026, the historical cost of the units exceeded fair value and accordingly are not included in the above fair value table as of June 30, 2026. |
| (2) | Contingent consideration related to the 2022 acquisition of Sacred Wind. Amounts are payable in 2026, 2027 and 2028. |
| (3) | Represents redeemable common units in Alaska Communications. |
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| Schedule of investments |
As of June 30, 2026, these investments were all accounted for under the measurement alternative for investments without a readily determinable value. A roll forward of the investments is set forth below (in thousands) | | | | | | | | | Investments without a readily determinable fair value | | Total | Balance, December 31, 2025 | | $ | 36,646 | | $ | 36,646 | Impairments | | | (2,600) | | | (2,600) | Balance, June 30, 2026 | | $ | 34,046 | | $ | 34,046 | | | | | | | | Balance, December 31, 2024 and June 30, 2025 | | $ | 41,956 | | $ | 41,956 |
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