v3.19.3
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, 2018
Aug. 31, 2019
Sep. 30, 2018
Income Statement [Abstract]          
Net revenue $ 36,289 $ 84,589 $ 137,156 $ 342,286 $ 405,922
Operating expenses:          
Cost of services 8,976 19,986 35,059 75,286 100,807
Selling, general and administrative, including stock-based and long-term incentive compensation 11,390 20,980 34,266 80,365 98,935
Radio conversion costs 825 931 0 931 0
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 17,302 32,508 52,671 130,791 160,973
Depreciation 925 1,073 2,880 7,348 8,360
Loss on goodwill impairment 0     0 214,400
Total operating expenses 39,418 75,478 124,876 294,721 583,475
Operating (loss) income (3,129) 9,111 12,280 47,565 (177,553)
Other (income) expense:          
Gain on restructuring and reorganization, net 0 (702,824) 0 (669,722) 0
Interest expense 7,474 27,112 39,077 105,081 114,550
Realized and unrealized loss, net on derivative financial instruments 0     6,804 0
Refinancing expense 0 0 5,697 5,214 5,697
Total other (income) expense 7,474 (675,712) 44,774 (552,623) 120,247
(Loss) income before income taxes (10,603) 684,823 (32,494) 600,188 (297,800)
Income tax expense 204 438 1,346 1,775 4,039
Net (loss) income (10,807) 684,385 (33,840) 598,413 (301,839)
Other comprehensive (loss) income:          
Unrealized (loss) gain on derivative contracts, net 0 0 3,269 (940) 23,196
Total other comprehensive (loss) income, net of tax 0 0 3,269 (940) 23,196
Comprehensive (loss) income $ (10,807) $ 684,385 $ (30,571) $ 597,473 $ (278,643)
Basic and diluted income per share:          
Net loss (in dollars per share) $ (0.48) $ 0.00 $ 0.00 $ 0.00 $ 0.00

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