v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2019
Aug. 31, 2019
Sep. 30, 2020
Aug. 31, 2019
Sep. 30, 2020
Income Statement [Abstract]          
Net revenue $ 36,289 $ 84,589 $ 130,852 $ 342,286 $ 374,235
Operating expenses:          
Cost of services 8,976 19,986 31,383 75,286 87,017
Selling, general and administrative, including stock-based and long-term incentive compensation 11,390 20,980 31,572 80,365 108,566
Radio conversion costs 825 931 5,612 931 14,103
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 17,302 32,508 57,240 130,791 164,889
Depreciation 925 1,073 3,459 7,348 10,019
Goodwill impairment 0     0 81,943
Total operating expenses 39,418 75,478 129,266 294,721 466,537
Operating income (loss) (3,129) 9,111 1,586 47,565 (92,302)
Other (income) expense:          
Gain on restructuring and reorganization, net 0 (702,824) 0 (669,722) 0
Interest expense 7,474 27,112 20,033 105,081 60,582
Realized and unrealized loss, net on derivative financial instruments 0     6,804 0
Refinancing expense 0     5,214 0
Total other (income) expense 7,474 (675,712) 20,033 (552,623) 60,582
(Loss) income before income taxes (10,603) 684,823 (18,447) 600,188 (152,884)
Income tax expense 204 438 717 1,775 1,937
Net (loss) income (10,807) 684,385 (19,164) 598,413 (154,821)
Other comprehensive loss:          
Unrealized loss on derivative contracts, net 0 0 (475) (940) (2,269)
Total other comprehensive loss, net of tax 0 0 (475) (940) (2,269)
Comprehensive (loss) income $ (10,807) $ 684,385 $ (19,639) $ 597,473 $ (157,090)
Basic and diluted income per share:          
Net loss (in dollars per share) $ (0.48) $ 0 $ (0.85) $ 0 $ (6.88)

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