SEGMENT DATA (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting Information Disclosure

Summarized financial information concerning the Company’s reportable segments for the nine months ended September 30, 2012 and 2011 is shown below:


	Site Leasing		Site Development Consulting		Site Development Construction			Not Identified by Segment ⁽¹⁾			Total
	(in thousands)

Three months ended September 30, 2012
Revenues	$	208,828	$	10,588	$	19,190		$	—		$	238,606
Cost of revenues ⁽²⁾	$	46,621	$	6,925	$	18,137		$	—		$	71,683
Depreciation, amortization and accretion	$	100,107	$	113	$	448		$	344		$	101,012
Operating income (loss)	$	42,420	$	2,844	$	(1,109	)	$	(3,084	)	$	41,071
Capital expenditures ⁽³⁾	$	57,729	$	174	$	534		$	(221	)	$	58,216

Three months ended September 30, 2011
Revenues	$	154,514	$	4,399	$	16,636		$	—		$	175,549
Cost of revenues ⁽²⁾	$	33,932	$	3,171	$	14,744		$	—		$	51,847
Depreciation, amortization and accretion	$	77,459	$	45	$	324		$	308		$	78,136
Operating income (loss)	$	28,757	$	803	$	130		$	(2,119	)	$	27,571
Capital expenditures ⁽³⁾	$	83,294	$	230	$	1,370		$	619		$	85,513

Nine months ended September 30, 2012
Revenues	$	585,332	$	24,188	$	50,723		$	—		$	660,243
Cost of revenues ⁽²⁾	$	126,787	$	16,268	$	47,026		$	—		$	190,081
Depreciation, amortization and accretion	$	274,541	$	286	$	1,310		$	973		$	277,110
Operating income (loss)	$	120,224	$	5,603	$	(2,978	)	$	(6,751	)	$	116,098
Capital expenditures ⁽³⁾	$	1,056,215	$	690	$	2,285		$	495		$	1,059,685

Nine months ended September 30, 2011
Revenues	$	451,171	$	13,262	$	49,918		$	—		$	514,351
Cost of revenues ⁽²⁾	$	98,031	$	9,938	$	44,689		$	—		$	152,658
Depreciation, amortization and accretion	$	227,772	$	139	$	944		$	850		$	229,705
Operating income (loss)	$	82,269	$	2,053	$	23		$	(5,666	)	$	78,679
Capital expenditures ⁽³⁾	$	303,340	$	337	$	2,127		$	2,078		$	307,882

Assets
As of September 30, 2012	$	5,883,472	$	9,246	$	41,249		$	149,324		$	6,083,291
As of December 31, 2011	$	3,439,401	$	4,787	$	37,377		$	124,834		$	3,606,399

(1)	Assets not identified by segment consist primarily of general corporate assets.

(2)	Excludes depreciation, amortization and accretion.

(3)	Includes cash paid for capital expenditures and acquisitions and related earn-outs and vehicle capital lease additions.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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