Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Data

22. QUARTERLY FINANCIAL DATA (unaudited)

	Quarter Ended
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
	(in thousands, except per share amounts)
Revenues	$	293,841		$	238,606		$	229,147		$	192,490
Operating income	$	31,048		$	41,071		$	34,738		$	40,289
Depreciation, accretion and amortization	$	(131,357	)	$	(101,012	)	$	(93,998	)	$	(82,100	)
Loss from extinguishment of debt, net	$	(2,007	)	$	(22,643	)	$	(27,149	)	$	—
Income (Loss) from discontinued operations, net of taxes	$	(53	)	$	969		$	1,380		$	—
Net loss attributable to SBA Communications Corporation	$	(52,489	)	$	(52,445	)	$	(53,472	)	$	(22,631	)
Net loss per share - basic and diluted	$	(0.42	)	$	(0.43	)	$	(0.44	)	$	(0.20	)

	Quarter Ended
	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011
	(in thousands, except per share amounts)
Revenues	$	183,819		$	175,549		$	171,053		$	167,749
Operating income	$	31,980		$	27,571		$	27,209		$	23,899
Depreciation, accretion and amortization	$	(79,441	)	$	(78,136	)	$	(76,691	)	$	(74,878	)
Loss from extinguishment of debt, net	$	—		$	—		$	—		$	(1,696	)
Net loss attributable to SBA Communications Corporation	$	(29,081	)	$	(33,305	)	$	(29,819	)	$	(34,251	)
Net loss per share - basic and diluted	$	(0.27	)	$	(0.30	)	$	(0.27	)	$	(0.30	)

Basic and diluted net loss per share is computed by dividing net income by the weighted average number of shares for the period. Potentially dilutive instruments have been excluded from the computation of diluted loss per share as their impact would have been anti-dilutive.

Because loss per share amounts are calculated using the weighted average number of common and dilutive common shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total loss per share amounts for the year.