Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.8.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]                      
Net revenue $ 133,546 $ 138,211 $ 140,498 $ 141,200 $ 140,683 $ 142,765 $ 143,656 $ 143,268 $ 553,455 $ 570,372 $ 563,356
Operating expenses:                      
Cost of services                 119,193 115,236 110,246
Selling, general and administrative, including stock-based and long-term incentive compensation                 155,902 114,152 106,287
Radio conversion costs                 450 18,422 14,369
Amortization of subscriber accounts, dealer network and other intangible assets                 236,788 246,753 258,668
Depreciation                 8,818 8,160 10,066
Gain on disposal of operating assets, net                 0 0 (5)
Total operating expenses                 521,151 502,723 499,631
Operating income (loss) $ 14,647 $ 12,896 $ (11,848) $ 16,609 $ 21,101 $ 18,486 $ 15,258 $ 12,804 32,304 67,649 63,725
Other expense, net:                      
Interest expense                 145,492 127,308 125,415
Refinancing expense                 0 9,500 4,468
Total other expense                 145,492 136,808 129,883
Loss before income taxes                 (113,188) (69,159) (66,158)
Income tax expense (benefit)                 (1,893) 7,148 6,290
Net loss                 (111,295) (76,307) (72,448)
Other comprehensive income (loss):                      
Unrealized gain (loss) on derivative contracts, net                 1,582 4,589 (8,741)
Total other comprehensive income (loss), net of tax                 1,582 4,589 (8,741)
Comprehensive loss                 $ (109,713) $ (71,718) $ (81,189)