Organization, Consolidation and Presentation of Financial Statements (Tables)

9 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Disaggregation of Revenue

The following table presents disaggregated revenue:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands)
Direct Revenue:
Americas	$	393,613	$	336,792	$	1,112,263	$	916,730
Europe	217,680		181,627		603,281		492,167
APAC and Other	174,432		109,847		419,684		300,934
Total Direct Revenue	785,725		628,266		2,135,228		1,709,831
Indirect Revenue (principally advertising revenue)	16,110		11,504		41,979		30,031
Total Revenue	$	801,835	$	639,770	$	2,177,207	$	1,739,862

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:

	Three Months Ended September 30, 2020						Nine Months Ended September 30, 2020
	Prior to the adoption of ASU No. 2020-06		After adoption of ASU No. 2020-06		Effect of adoption of ASU No. 2020-06		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, except per share data)
Statement of operations impacts
Interest expense	$	43,189	$	32,009	$	(11,180)	$	131,485	$	98,654	$	(32,831)
Income tax provision	$	(23,568)	$	(26,122)	$	(2,554)	$	(7,257)	$	(14,776)	$	(7,519)
Net earnings from continuing operations	$	131,487	$	140,113	$	8,626	$	413,732	$	439,044	$	25,312
Net earnings per share from continuing operations:
Basic	$	0.51	$	0.54	$	0.03	$	1.69	$	1.81	$	0.12
Diluted	$	0.45	$	0.47	$	0.02	$	1.53	$	1.59	$	0.06
Weighted average dilutive shares outstanding	289,950		305,696		15,746		225,399		239,398		13,999

	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)
Balance sheet impacts at December 31, 2020:
Non-current deferred tax asset	$	224,013	$	293,487	$	69,474
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)	$	(8,422,237)	$	68,889