v3.20.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2019
Aug. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]        
Net revenue $ 162,219 $ 342,286 $ 540,358 $ 553,455
Operating expenses:        
Cost of services 36,988 75,286 128,939 119,193
Selling, general and administrative, including stock-based and long-term incentive compensation 52,144 80,365 118,940 155,902
Radio conversion costs 3,265 931 0 450
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 69,693 130,791 211,639 236,788
Depreciation 3,777 7,348 11,434 8,818
Loss on goodwill impairment 0 0 563,549 0
Total operating expenses 165,867 294,721 1,034,501 521,151
Operating (loss) income (3,648) 47,565 (494,143) 32,304
Other (income) expense:        
Gain on restructuring and reorganization, net 0 (669,722) 0 0
Interest expense 28,979 105,081 180,770 145,492
Realized and unrealized loss, net on derivative financial instruments 0 6,804 3,151 0
Refinancing expense 0 5,214 12,238 0
Total other (income) expense 28,979 (552,623) 196,159 145,492
(Loss) income before income taxes (32,627) 600,188 (690,302) (113,188)
Income tax expense (benefit) 704 1,775 (11,552) (1,893)
Net (loss) income (33,331) 598,413 (678,750) (111,295)
Other comprehensive (loss) income:        
Unrealized gain (loss) on derivative contracts, net 9 (940) 14,378 1,582
Total other comprehensive income (loss), net of tax 9 (940) 14,378 1,582
Comprehensive (loss) income $ (33,322) $ 597,473 $ (664,372) $ (109,713)
Basic and diluted income per share:        
Net loss (in dollars per share) $ (1.48) $ 0.00 $ 0.00 $ 0.00

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