XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Site leasing $ 430,542 $ 397,550
Site development 27,760 25,813
Total revenues 458,302 423,363
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):    
Cost of site leasing 92,817 89,382
Cost of site development 22,520 21,588
Selling, general, and administrative [1] 36,049 34,223
Acquisition related adjustments and expenses 3,044 2,969
Asset impairment and decommission costs 8,506 8,351
Depreciation, accretion, and amortization 165,398 159,031
Total operating expenses 328,334 315,544
Operating income 129,968 107,819
Other income (expense):    
Interest income 1,295 3,234
Interest expense (88,923) (77,602)
Non-cash interest expense (733) (705)
Amortization of deferred financing fees (5,388) (6,698)
Loss from extinguishment of debt, net (645)  
Other income, net 4,553 14,948
Total other expense (89,841) (66,823)
Income before provision for income taxes 40,127 40,996
Provision for income taxes (8,582) (3,398)
Net income $ 31,545 $ 37,598
Net income per common share:    
Basic $ 0.27 $ 0.31
Diluted $ 0.27 $ 0.31
Weighted average number of common shares    
Basic 116,494 121,049
Diluted 118,293 121,734
[1] Includes non-cash compensation of $9,893 and $8,826 for the three months ended March 31, 2018 and 2017, respectively.