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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Site leasing $ 435,260 $ 408,538 $ 1,295,686 $ 1,209,089
Site development 31,961 25,407 86,160 75,513
Total revenues 467,221 433,945 1,381,846 1,284,602
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):        
Cost of site leasing 92,294 90,351 278,800 269,070
Cost of site development 24,447 21,117 67,693 62,713
Selling, general, and administrative [1] 34,908 32,559 106,901 100,177
Acquisition related adjustments and expenses 2,995 1,583 9,171 6,857
Asset impairment and decommission costs 6,868 9,417 22,778 25,908
Depreciation, accretion, and amortization 167,703 161,907 502,659 480,457
Total operating expenses 329,215 316,934 988,002 945,182
Operating income 138,006 117,011 393,844 339,420
Other income (expense):        
Interest income 2,006 2,505 4,972 8,648
Interest expense (95,717) (81,357) (278,278) (237,415)
Non-cash interest expense (632) (725) (2,002) (2,146)
Amortization of deferred financing fees (4,980) (4,957) (15,265) (16,603)
Loss from extinguishment of debt, net     (14,443) (1,961)
Other (expense) income, net (24,518) 20,062 (110,175) 16,218
Total other expense (123,841) (64,472) (415,191) (233,259)
Income (loss) before income taxes 14,165 52,539 (21,347) 106,161
Benefit (provision) for income taxes 1,979 (3,378) 11,645 (10,167)
Net income (loss) $ 16,144 $ 49,161 $ (9,702) $ 95,994
Net income (loss) per common share        
Basic $ 0.14 $ 0.41 $ (0.08) $ 0.80
Diluted $ 0.14 $ 0.41 $ (0.08) $ 0.79
Weighted average number of common shares        
Basic 114,597 119,746 115,378 120,745
Diluted 116,114 121,026 115,378 121,727
[1] Includes non-cash compensation of $10,261 and $9,213 for the three months ended September 30, 2018 and 2017, respectively, and $31,188 and $28,069 for the nine months ended September 30, 2018 and 2017, respectively.