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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Site leasing $ 482,403 $ 459,003 $ 974,758 $ 911,186
Site development 24,823 41,144 49,534 82,254
Total revenues 507,226 500,147 1,024,292 993,440
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):        
Cost of site leasing 91,598 93,460 187,397 186,175
Cost of site development 19,904 30,988 39,620 62,089
Selling, general, and administrative expenses [1] 49,088 55,524 98,704 106,483
Acquisition and new business initiatives related adjustments and expenses 4,634 2,539 8,433 4,976
Asset impairment and decommission costs 6,242 9,620 20,597 15,391
Depreciation, accretion, and amortization 178,706 171,564 361,285 342,602
Total operating expenses 350,172 363,695 716,036 717,716
Operating income 157,054 136,452 308,256 275,724
Other income (expense):        
Interest income 699 1,581 1,584 3,381
Interest expense (95,687) (97,447) (191,538) (196,114)
Non-cash interest expense (2,337) (651) (4,743) (1,292)
Amortization of deferred financing fees (5,188) (5,116) (10,328) (10,176)
Loss from extinguishment of debt, net     (16,864)  
Other (expense) income, net (31,588) 12,762 (257,885) 12,254
Total other expense, net (134,101) (88,871) (479,774) (191,947)
Income (loss) before income taxes 22,953 47,581 (171,518) 83,777
Benefit (provision) for income taxes 165 (15,608) 66,702 (25,815)
Net income (loss) 23,118 31,973 (104,816) 57,962
Net (income) loss attributable to noncontrolling interests (305)   569  
Net income (loss) attributable to SBA Communications Corporation $ 22,813 $ 31,973 $ (104,247) $ 57,962
Net income (loss) per common share attributable to SBA Communications Corporation:        
Basic $ 0.20 $ 0.28 $ (0.93) $ 0.51
Diluted $ 0.20 $ 0.28 $ (0.93) $ 0.51
Weighted average number of common shares        
Basic 111,738 113,205 111,823 112,958
Diluted 113,634 114,940 111,823 114,643
[1] Includes non-cash compensation of $18,131 and $24,131 for the three months ended June 30, 2020 and 2019, respectively, and $33,684 and $46,736 for the six months ended June 30, 2020 and 2019, respectively.