text: **Note 1. Summary of Significant Accounting Policies (Continued)**
  
  ***Reclassifications:***Certain amounts reported in the 2002 and 2001 financial statements have been reclassified to 
  conform with the 2003 presentation, with no effect on net income or shareholders' equity. 
  
  **Note 2. Discontinued Operations**
  
  In November 2002, the Company entered into an agreement to sell its 66% General Partner interest in the Virginia 10 
  RSA Limited Partnership (cellular operation) to Verizon Wireless for $37.0 million. The closing of the sale took place 
  at the close of business on February 28, 2003. The total proceeds received were $38.7 million, including $5.0 million 
  held in escrow, and a $1.7 million adjustment for estimated working capital at the time of closing. There was a post 
  closing adjustment based on the actual working capital balance as of the closing date, which resulted in a $39 thousand 
  charge for the Company. The $5.0 million escrow was established for any contingencies and indemnification issues 
  that may arise during the two-year post-closing period and is included in deferred charges and other assets in the 2003 
  consolidated balance sheet. The Company’s gain on the transaction was approximately $35 million. Post closing, the 
  Company provided transition services to Verizon for a period of approximately three months, with compensation for 
  those services being approximately $40 thousand per month during the transition period. 