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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Site leasing $ 381,843 $ 370,462 $ 756,293 $ 740,189
Site development 23,689 40,242 49,008 80,609
Total revenues 405,532 410,704 805,301 820,798
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):        
Cost of site leasing 86,493 81,731 169,255 161,950
Cost of site development 20,074 30,381 39,907 61,274
Selling, general, and administrative [1],[2] 47,664 28,262 78,071 58,145
Acquisition related adjustments and expenses 2,821 5,780 6,003 7,119
Asset impairment and decommission costs 14,691 4,010 20,874 10,832
Depreciation, accretion, and amortization 159,723 162,377 319,524 334,230
Total operating expenses 331,466 312,541 633,634 633,550
Operating income 74,066 98,163 171,667 187,248
Other income (expense):        
Interest income 2,737 715 4,603 1,008
Interest expense (83,682) (78,908) (167,486) (156,562)
Non-cash interest expense (460) (322) (915) (601)
Amortization of deferred financing fees (5,325) (4,626) (10,590) (9,170)
Other income (expense), net 47,376 15,507 93,275 (67,461)
Total other expense (39,354) (67,634) (81,113) (232,786)
Income (loss) before provision for income taxes 34,712 30,529 90,554 (45,538)
Provision for income taxes (2,001) (2,224) (4,206) (5,187)
Net income (loss) $ 32,711 $ 28,305 $ 86,348 $ (50,725)
Net income (loss) per common share        
Basic $ 0.26 $ 0.22 $ 0.69 $ (0.39)
Diluted $ 0.26 $ 0.22 $ 0.69 $ (0.39)
Weighted average number of common shares        
Basic 125,125 128,809 125,261 129,021
Diluted 125,783 129,948 125,921 129,021
[1] Includes non-cash compensation of $8,785 and $8,089 for the three months ended June 30, 2016 and 2015, respectively, and $16,471 and $14,972 for the six months ended June 30, 2016 and 2015, respectively.
[2] Includes the impact of the $16,498 Oi reserve for the three and six months ended June 30, 2016.