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Quarterly Financial Data
12 Months Ended
Dec. 31, 2013
Quarterly Financial Data [Abstract]  
Quarterly Financial Data

21.QUARTERLY FINANCIAL DATA (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

December 31,

 

September 30,

 

June 30,

 

March 31,

 

 

2013

 

2013

 

2013

 

2013

 

 

(in thousands, except per share amounts)

Revenues

 

$

335,396 

 

$

332,094 

 

$

324,305 

 

$

313,071 

Operating income

 

 

59,445 

 

 

63,902 

 

 

49,534 

 

 

56,764 

Depreciation, accretion, and amortization

 

 

(133,328)

 

 

(133,281)

 

 

(141,089)

 

 

(125,636)

Loss from extinguishment of debt, net

 

 

(336)

 

 

(3)

 

 

(5,618)

 

 

(142)

Net income (loss) attributable to SBA Communications Corporation

 

 

(19,164)

 

 

21,531 

 

 

(35,899)

 

 

(22,377)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share - basic

 

$

(0.15)

 

$

0.17 

 

$

(0.28)

 

$

(0.18)

Net income (loss) per common share - diluted

 

 

(0.15)

 

 

0.16 

 

 

(0.28)

 

 

(0.18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

December 31,

 

September 30,

 

June 30,

 

March 31,

 

 

2012

 

2012

 

2012

 

2012

 

 

(in thousands, except per share amounts)

Revenues

 

$

293,841 

 

$

238,606 

 

$

229,147 

 

$

192,490 

Operating income

 

 

31,048 

 

 

41,071 

 

 

34,738 

 

 

40,289 

Depreciation, accretion, and amortization

 

 

(131,357)

 

 

(101,012)

 

 

(93,998)

 

 

(82,100)

Loss from extinguishment of debt, net

 

 

(2,007)

 

 

(22,643)

 

 

(27,149)

 

 

 —

Income (loss) from discontinued operations, net of taxes

 

 

(53)

 

 

969 

 

 

1,380 

 

 

 —

Net loss attributable to SBA Communications Corporation

 

 

(52,489)

 

 

(52,445)

 

 

(53,472)

 

 

(22,631)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share - basic and diluted

 

$

(0.42)

 

$

(0.43)

 

$

(0.44)

 

$

(0.20)

 

Basic and diluted net loss per share is computed by dividing net income by the weighted average number of shares for the period. Potentially dilutive instruments have been excluded from the computation of diluted loss per share as their impact would have been anti-dilutive.

Because loss per share amounts are calculated using the weighted average number of common and dilutive common shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total loss per share amounts for the year.