Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.3.0.814
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net revenue $ 141,846 $ 136,027 $ 421,805 $ 403,587
Operating expenses:        
Cost of services 28,245 24,475 81,015 69,106
Selling, general, and administrative, including stock-based compensation 27,937 20,565 77,058 66,664
Radio conversion costs 3,570 360 4,543 801
Amortization of subscriber accounts, dealer network and other intangible assets 66,958 64,341 193,625 189,382
Depreciation 2,717 2,246 7,498 6,827
Restructuring charges 0 51 0 969
Gain on disposal of operating assets (1) 0 (4) (69)
Total operating expenses 129,426 112,038 363,735 333,680
Operating income 12,420 23,989 58,070 69,907
Other expense:        
Interest expense 31,853 30,422 93,384 89,404
Refinancing expense 0 0 4,468 0
Total other expense 31,853 30,422 97,852 89,404
Loss before income taxes (19,433) (6,433) (39,782) (19,497)
Income tax expense 1,981 1,899 5,953 5,211
Net loss (21,414) (8,332) (45,735) (24,708)
Other comprehensive income (loss):        
Unrealized gain (loss) on derivative contracts, net (8,946) 4,355 (12,407) (1,784)
Total other comprehensive income (loss), net of tax (8,946) 4,355 (12,407) (1,784)
Comprehensive loss $ (30,360) $ (3,977) $ (58,142) $ (26,492)