Organization, Consolidation and Presentation of Financial Statements (Tables)

3 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Disaggregation of Revenue

The following table presents disaggregated revenue:

	Three Months Ended March 31,
	2021		2020
	(In thousands)
Direct Revenue:
North America	$	326,829	$	263,347
International	328,352		271,477
Total Direct Revenue	655,181		534,824
Indirect Revenue (principally advertising revenue)	12,431		9,818
Total Revenue	$	667,612	$	544,642

Schedule of Impact of Adoption of New Accounting Pronouncement

The Company early adopted ASU No. 2020-06 as of January 1, 2021 on a fully retrospective basis. The impact of adopting ASU No. 2020-06 is as follows:

	Prior to the adoption of ASU No. 2020-06		After adoption of ASU No. 2020-06		Effect of adoption of ASU No. 2020-06
	(In thousands)
Statement of operations impacts for the three months ended March 31, 2020
Interest expense	$	42,649	$	31,894	$	(10,755)
Income tax benefit	$	50,747	$	48,202	$	(2,545)
Net earnings from continuing operations	$	149,324	$	157,534	$	8,210
Net earnings per share from continuing operations:
Basic	$	0.65	$	0.69	$	0.04
Diluted	$	0.59	$	0.61	$	0.02
Weighted average dilutive shares outstanding	191,259		204,658		13,399
Balance sheet impacts at December 31, 2020:
Non-current deferred tax asset	$	224,013	$	292,820	$	68,807
Long-term debt, net	$	3,534,706	$	3,840,930	$	306,224
Additional paid-in capital	$	7,394,646	$	7,089,007	$	(305,639)
Retained deficit	$	(8,491,126)	$	(8,422,904)	$	68,222