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Form 8-K

sec.gov

8-K — SHENANDOAH TELECOMMUNICATIONS CO/VA/

Accession: 0001171843-26-002912

Filed: 2026-05-01

Period: 2026-05-01

CIK: 0000354963

SIC: 4813 (TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE))

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — f8k_050126.htm (Primary)

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8-K — FORM 8-K

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Filename: f8k_050126.htm · Sequence: 1

Form 8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  May 1, 2026

_______________________________

Shenandoah Telecommunications Company

(Exact name of registrant as specified in its charter)

_______________________________

Virginia 000-09881 54-1162807

(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

500 Shentel Way

P.O. Box 459

Edinburg, Virginia 22824

(Address of Principal Executive Offices) (Zip Code)

(540) 984-4141

(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock (No Par Value) SHEN NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On May 1, 2026, Shenandoah Telecommunications Company (the “Company”) issued a press release announcing its financial position as of March 31, 2026, results of operations for the three months ended March 31, 2026, and other related information. The Company also posted supplemental earnings presentation materials on the investor section of the Company’s website at www.Shentel.com. A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.

These materials may contain forward-looking statements about Shenandoah Telecommunications Company regarding, among other things, our business strategy, our prospects and our financial position. These statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “expects,” “intends,” “may,” “will,” “should,” “could,” or “anticipates” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. Shenandoah Telecommunications Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is furnished with this Current Report on Form 8-K.

99.1*   First Quarter 2026 Earnings Press Release

104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Furnished herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Shenandoah Telecommunications Company

Date: May 1, 2026 By:  /s/ James J. Volk

James J. Volk

Senior Vice President – Chief Financial Officer

(Principal Financial Officer)

EX-99.1 — PRESS RELEASE

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EXHIBIT 99.1

Shenandoah Telecommunications Company Reports First Quarter 2026 Results

EDINBURG, Va., May 01, 2026 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced first quarter 2026 financial and operating results.

First Quarter 2026 Highlights

Glo Fiber Expansion Markets revenue grew 34.6% year over year to $24.8 million.

Total revenue increased 4.8% year over year to $92.2 million.

Net loss from operations was $15.8 million compared to $9.1 million in the first quarter of 2025.

Adjusted EBITDA1 grew 15.0% year over year to $31.7 million.

“We have excellent momentum in our fiber businesses, with approximately 6,000 Glo Fiber net additions and 4.7% commercial fiber revenue growth in the first quarter, driving strong Adjusted EBITDA growth of 15%,” said Ed McKay, President and CEO. “We remain on track to complete our Glo Fiber expansion in 2026 and achieve positive free cash flow in 2027.”

Shentel’s first-quarter earnings conference call will be webcast at 8:30 a.m. ET on Friday, May 1, 2026. The webcast and related materials will be available on Shentel’s Investor Relations website at https://investor.shentel.com/.

First Quarter 2026 Results Compared with First Quarter 2025

Residential & SMB - Glo Fiber Expansion Markets2 revenue (26.9% of total) increased $6.4 million, or 34.6%, primarily due to a 33.7% increase in data revenue generating units (“RGUs”).

Residential & SMB - Incumbent Broadband Markets3 revenue (44.6% of total) decreased $2.2 million, or 5.1%, primarily due to a 14.6% decline in video RGUs and a 1.6% decline in data average revenue per user (“ARPU”).

Commercial Fiber revenue (22.3% of total) increased $0.9 million, or 4.7%, primarily due to an increase in recurring revenue resulting from additional circuit services sold to existing customers.

RLEC & Other revenue (6.2% of total) decreased $0.8 million, or 13.0%, primarily due to a 28.0% decrease in Digital Subscriber Line RGUs and $0.3 million decrease in government support revenue.

Cost of services decreased by $1.2 million, or 3.7%, primarily due to government grant reimbursements of certain indirect operating costs and a decrease in video programming costs driven by declining video RGUs.

Selling, general and administrative expense increased by $2.4 million, or 7.7%. The increase was primarily due to an increase in advertising costs and payroll costs driven by expansion of the Glo Fiber homes passed and higher stock compensation.

Restructuring, integration and acquisition expense increased by $1.9 million, or 378.4%. Restructuring, integration and acquisition expense in 2026 related primarily to accrued severance costs associated with the previously announced reduction in force.

Depreciation and amortization increased by $5.5 million, or 18.7%, primarily due to the Company’s expansion of its Glo Fiber network and $2.8 million in write-offs primarily related to project costs under construction for markets that construction was cancelled due to higher costs to build.

Other Information

Capital expenditures were $75.8 million for the three months ended March 31, 2026 compared with $83.2 million for the three months ended March 31, 2025. The $7.4 million decrease in capital expenditures was primarily driven by a slow down in capital projects as Shentel approaches the completion of its Glo Fiber market expansion project.

The Company received $11.5 million and $6.9 million in government grant cash receipts during the three months ended March 31, 2026 and 2025, respectively.

As of March 31, 2026, the Company’s total available liquidity was $194.5 million, consisting of (i) unrestricted cash and cash equivalents totaling $43.8 million; (ii) restricted cash as required by the ABS Indenture totaling $27.3 million (iii) $67.8 million of availability under Shentel Broadband’s Revolving Credit Facility; (iv) $17.8 million under Shentel Issuer’s Variable Funding Note (“VFN”); and (v) an aggregate of $37.8 million remaining reimbursements available under government grants, subject to fulfilling the terms of the underlying agreements. In addition, the Company has $117.2 million of VFN commitments that are not available to draw as of March 31, 2026. The available capacity of the VFN will increase based on the secured fiber network revenue growth from the ABS Entities multiplied by (i) a margin as defined in the ABS Indenture and (ii) 6.25x multiple.

On February 23, 2026, the Company announced a reduction in force of approximately 10% of its employees to align the business with the end of the Glo Fiber construction phase that is expected to be substantially complete by end of 2026. Employee departure dates will be staggered with the largest impact in the fourth quarter of 2026. The Company expects to save approximately $12.3 million annually beginning in 2027 with approximately half of the savings impacting operating expenses and half impacting capitalized labor that is included in capital expenditures. The Company expects to incur approximately $3.1 million in restructuring costs to achieve these savings. During the three months ended March 31, 2026, Shentel incurred $2.1 million in severance expense, included in restructuring, integration and acquisition expense in the condensed consolidated statements of operations. No severance payments were made during this period.

2026 Financial Outlook

The Company reiterates its 2026 financial guidance.

Year Ending

December 31, 2026 Year Ended

December 31, 2025

% Change

2025 to 2026

Midpoint

(dollars in millions) Guidance Range

Total Revenue $370 - $377 $ 358 4.4 %

Adjusted EBITDA1 $131 - $136 $ 119 12.1 %

Capital Expenditures, net of government grant reimbursements $220 - $250 $ 296 (20.7)%

1 Further clarification and explanation of this non-GAAP measure can be found in the “Non-GAAP Financial Measures” section of this release below.

The 2026 financial guidance presented above does not reflect any assumptions regarding the potential impacts of ongoing global geopolitical conflicts, the evolving tariff environment, and disruption and uncertainty caused by a U.S. government shutdown, including uncertainty regarding the timing of federal funding and grant payments. The Company does not provide a reconciliation for Adjusted EBITDA forecasts (which represents a forecast of a non-GAAP financial measure) because it cannot predict the special items that could arise without unreasonable effort.

Earnings Call Webcast

Date: Friday, May 1, 2026

Time: 8:30 a.m. ET

Listen via Internet: https://investor.shentel.com/

For Analysts, please register to dial-in at this link.

A replay of the call will be available for a limited time on the Investor Relations page of the Company’s website.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. The Company’s services include: broadband internet, video, voice, high-speed Ethernet, dedicated internet access, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 19,400 route miles of fiber. For more information, please visit www.shentel.com.

This release contains forward-looking statements and projections about Shentel regarding, among other things, its business strategy, its prospects and its financial position. These statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “expects,” “intends,” “may,” “will,” “plans,” “should,” “could,” or “anticipates” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. The forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to Shentel’s beliefs and expectations as to future events and trends affecting its business that are necessarily subject to uncertainties, many of which are outside Shentel’s control. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved, and actual results may differ materially from those contained in or implied by the forward-looking statements as a result of various factors. A discussion of other factors that may cause actual results to differ from management’s projections, forecasts, estimates and expectations is available in Shentel’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Reports on Form 10-Q. Those factors may include, among others, changes in overall economic conditions including ongoing geopolitical conflicts, rising inflation, changes in tariffs, new or changing regulatory requirements, disruption and uncertainty caused by a U.S. government shutdown, including uncertainty regarding the timing of federal funding and grant payments, changes in technologies, changes in competition, changing demand for our products and services, our ability to execute our business strategies, availability of labor resources and capital, natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as COVID-19, and other conditions. The forward-looking statements included are made only as of the date of the statement. Shentel undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as required by law.

CONTACTS:

Shenandoah Telecommunications Company

Lucas Binder

Vice President of Corporate Finance

540-984-4800

Lucas.Binder@emp.shentel.com

SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)   Three Months Ended

March 31,

2026       2025

Residential & SMB - Incumbent Broadband Markets1   $ 41,143     $ 43,359

Residential & SMB - Glo Fiber Expansion Markets2     24,828       18,444

Commercial Fiber     20,542       19,612

RLEC & Other     5,640       6,483

Service revenue and other     92,153       87,898

Operating expenses:

Cost of services, exclusive of depreciation and amortization     31,824       33,030

Selling, general and administrative     33,387       30,992

Restructuring, integration and acquisition     2,440       510

Depreciation and amortization     34,971       29,458

Total operating expenses     102,622       93,990

Operating loss     (10,469 )     (6,092 )

Other (expense) income:

Interest expense     (9,435 )     (4,892 )

Other income, net     45       733

Loss before income taxes     (19,859 )     (10,251 )

Income tax benefit     (4,108 )     (1,119 )

Net loss     (15,751 )     (9,132 )

Dividends on redeemable noncontrolling interest     1,577       1,472

Net loss attributable to common shareholders   $ (17,328 )   $ (10,604 )

Net loss per share attributable to common shareholders, basic and diluted:

Net loss per share   $ (0.31 )   $ (0.19 )

Weighted average shares outstanding     55,554       54,959

_______________________________________________________

Revenue from residential and small and medium business (“SMB”) customers in Incumbent Broadband Markets is primarily earned through the Company’s provision of data, video and voice services over primarily hybrid fiber coaxial cable and to a lesser extent FTTH networks in incumbent markets.

Revenue from residential and SMB customers in Glo Fiber Expansion Markets is primarily earned through the Company’s provision of data, video and voice services over FTTH networks in new greenfield expansion markets.

SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands) March 31,

2026   December 31,

2025

ASSETS

Current assets:

Cash and cash equivalents $ 43,767   $ 27,259

Restricted cash and cash equivalents   27,311     20,945

Accounts receivable, net of allowance for credit losses of $1,096 and $829, respectively   24,759     31,497

Income taxes receivable   2,544     2,544

Prepaid expenses and other   15,843     15,198

Total current assets   114,224     97,443

Investments   16,113     16,510

Property, plant and equipment, net   1,629,208     1,601,609

Goodwill   67,538     67,538

Intangible assets, net   88,960     89,353

Operating lease right-of-use assets   19,084     19,657

Deferred charges and other assets   17,835     18,652

Total assets $ 1,952,962   $ 1,910,762

LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable $ 54,187   $ 61,355

Advanced billings and customer deposits   17,884     16,909

Accrued compensation   12,316     13,334

Current operating lease liabilities   2,850     2,819

Accrued liabilities and other   14,325     14,079

Total current liabilities   101,562     108,496

Long-term debt, net of unamortized loan fees   693,887     628,237

Other long-term liabilities:

Deferred income taxes   153,510     157,618

Benefit plan obligations   4,161     4,150

Non-current operating lease liabilities   10,096     10,632

Other liabilities   32,705     32,340

Total other long-term liabilities   200,472     204,740

Commitments and contingencies

Temporary equity:

Redeemable noncontrolling interest   90,083     88,506

Shareholders’ equity:

Common stock, no par value, authorized 96,000; 55,302 and 54,899 issued and outstanding at March 31, 2026 and December 31, 2025, respectively   —     —

Additional paid in capital   160,719     157,216

Retained earnings   706,239     723,567

Total shareholders’ equity   866,958     880,783

Total liabilities, temporary equity and shareholders’ equity $ 1,952,962   $ 1,910,762

SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) Three Months Ended

March 31,

2026       2025

Cash flows from operating activities:

Net loss $ (15,751 )   $ (9,132 )

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization   34,543       28,984

Amortization of intangible assets   428       474

Stock-based compensation expense, net of amount capitalized   4,798       3,717

Deferred income taxes   (4,108 )     (1,119 )

Provision for credit losses   433       288

Other, net   1,427       480

Changes in assets and liabilities:

Accounts receivable   904       2,490

Current income taxes   —       164

Operating lease assets and liabilities, net   (18 )     (135 )

Other assets   298       (682 )

Accounts payable   19       992

Other deferrals and accruals   1,398       (5,997 )

Net cash provided by operating activities   24,371       20,524

Cash flows from investing activities:

Capital expenditures   (75,821 )     (83,236 )

Government grants received   11,548       6,929

Proceeds from sale of assets and other   163       47

Net cash used in investing activities   (64,110 )     (76,260 )

Cash flows from financing activities:

Proceeds from credit facility borrowings   65,000       100,000

Principal payments on long-term debt   —       (2,178 )

Payments for debt issuance and amendment costs   (429 )     —

Taxes paid for equity award issuances   (1,482 )     (787 )

Payments for financing arrangements and other   (476 )     (24 )

Net cash provided by financing activities   62,613       97,011

Net increase in cash and cash equivalents   22,874       41,275

Cash, cash equivalents, and restricted cash, beginning of period   48,204       46,272

Cash, cash equivalents, and restricted cash, end of period $ 71,078     $ 87,547

Supplemental Disclosures of Cash Flow Information

Interest paid, net of amounts capitalized $ (9,741 )   $ (4,262 )

Income tax refunds received $ —     $ 164

Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted EBITDA Margin

The Company defines Adjusted EBITDA as (loss) income from operations calculated in accordance with GAAP, adjusted for the impact of depreciation and amortization, impairment expense, other income (expense), net, interest income, interest expense, income tax expense (benefit), stock compensation expense, transaction costs related to acquisition and disposition events (including professional advisory fees, integration costs, and related compensatory matters), restructuring expense, tax on equity award vesting and exercise events, and other non-comparable items. A reconciliation of Net loss, which is the most directly comparable GAAP financial measure, to Adjusted EBITDA is provided below herein.

Adjusted EBITDA margin is the Company’s calculation of Adjusted EBITDA, divided by revenue calculated in accordance with GAAP.

The Company uses Adjusted EBITDA and Adjusted EBITDA margin as supplemental measures of performance to evaluate operating effectiveness and assess its ability to increase revenues while controlling expense growth and the scalability of the Company’s business growth strategy. Adjusted EBITDA is also a significant performance measure used by the Company in its incentive compensation programs. The Company believes that the exclusion of the expense and income items eliminated in calculating Adjusted EBITDA and Adjusted EBITDA margin provides management and investors a useful measure for period-to-period comparisons of the Company’s core operating results by excluding items that are not comparable across reporting periods or that do not otherwise relate to the Company’s ongoing operations. Accordingly, the Company believes that Adjusted EBITDA and Adjusted EBITDA margin provide useful information to investors and others in understanding and evaluating the Company’s operating results. However, use of Adjusted EBITDA and Adjusted EBITDA margin as analytical tools has limitations, and investors and others should not consider them in isolation or as substitutes for analysis of our financial results as reported under GAAP. In addition, other companies may calculate Adjusted EBITDA and Adjusted EBITDA margin or similarly titled measures differently, which may reduce their usefulness as comparative measures.

Three Months Ended

March 31,

(in thousands)     2026       2025

Net loss   $ (15,751 )   $ (9,132 )

Depreciation and amortization     34,971       29,458

Interest expense     9,435       4,892

Other income, net     (45 )     (733 )

Income tax benefit     (4,108 )     (1,119 )

Stock-based compensation     4,798       3,717

Restructuring, integration and acquisition     2,440       510

Adjusted EBITDA   $ 31,740     $ 27,593

Adjusted EBITDA margin     34 %     31 %

Supplemental Information

Operating Statistics

Three Months Ended

March 31,

2026     2025

Homes and businesses passed (1)

Incumbent Broadband Markets 252,654     240,788

Glo Fiber Expansion Markets 449,147     362,861

Total homes and businesses passed 701,801     603,649

Residential & Small and Medium Business ("SMB") Revenue Generating Units ("RGUs"):

Incumbent Broadband Markets 111,357     111,860

Glo Fiber Expansion Markets 93,922     70,565

Broadband Data 205,279     182,425

Video 34,861     38,395

Voice 26,846     26,037

Total Residential & SMB RGUs (excludes RLEC) 266,986     246,857

Residential & SMB Penetration (2)

Incumbent Broadband Markets 44.1 %   46.5 %

Glo Fiber Expansion Markets 20.9 %   19.4 %

Broadband Data 29.3 %   30.2 %

Video 5.0 %   6.4 %

Voice 4.1 %   4.5 %

Fiber route miles 19,463     17,224

Total fiber miles (3) 2,021,546     1,893,402

______________________________________________________

(1) Homes and businesses are considered passed (“passings”) if we can connect them to our network without further extending the distribution system. Passings is an estimate based upon the best available information. Passings will vary among video, broadband data and voice services.

(2) Penetration is calculated by dividing the number of users by the number of passings or available homes, as appropriate.

(3) Total fiber miles are measured by taking the number of fiber strands in a cable and multiplying that number by the route distance. For example, a 10 mile route with 144 fiber strands would equal 1,440 fiber miles.

Residential & SMB ARPU

Three Months Ended

March 31,

($ in thousands, except ARPU)     2026     2025

Residential & SMB Revenue:

Incumbent Broadband Markets   $ 27,475   $ 27,875

Glo Fiber Expansion Markets     21,040     15,764

Broadband Data     48,515     43,639

Video     13,995     14,658

Voice     2,604     2,560

Other     857     946

Total Residential & SMB Revenue   $ 65,971   $ 61,803

Average RGUs:

Incumbent Broadband Markets     111,671     111,528

Glo Fiber Expansion Markets     90,738     67,868

Broadband Data     202,409     179,396

Video     35,261     39,256

Voice     26,758     25,857

ARPU: (1)

Incumbent Broadband Markets   $ 82.01   $ 83.31

Glo Fiber Expansion Markets   $ 77.29   $ 77.42

Broadband Data   $ 79.90   $ 81.09

Video   $ 132.30   $ 124.46

Voice   $ 32.44   $ 33.00

______________________________________________________

(1) Average Revenue Per RGU calculation = (Residential & SMB Revenue) / average RGUs / 3 months.

1 See “Non-GAAP Financial Measures” below for a reconciliation to the most comparable GAAP measure.

2 Glo Fiber Expansion Markets consists of fiber to the home (“FTTH”) passings in greenfield expansion markets.

3 Incumbent Broadband Markets consists of incumbent cable markets and incumbent telephone markets with FTTH passings.

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Code for the postal or zip code

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No definition available.

+ Details

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- Definition

Name of the state or province.

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No definition available.

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dei_EntityAddressStateOrProvince

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

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dei_EntityFileNumber

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dei:fileNumberItemType

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Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

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dei_EntityIncorporationStateCountryCode

Namespace Prefix:

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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dei_EntityRegistrantName

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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dei_EntityTaxIdentificationNumber

Namespace Prefix:

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dei:employerIdItemType

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Period Type:

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- Definition

Local phone number for entity.

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No definition available.

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dei_LocalPhoneNumber

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Namespace Prefix:

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Data Type:

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Period Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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dei_PreCommencementTenderOffer

Namespace Prefix:

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

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Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

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Period Type:

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X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Namespace Prefix:

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Data Type:

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X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

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dei_TradingSymbol

Namespace Prefix:

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Data Type:

dei:tradingSymbolItemType

Balance Type:

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Period Type:

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X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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