Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.3.1.900
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]                      
Net revenue $ 141,551 $ 141,846 $ 141,543 $ 138,416 $ 135,862 $ 136,027 $ 134,696 $ 132,864 $ 563,356 $ 539,449 $ 451,033
Operating expenses:                      
Cost of services                 110,246 93,600 74,136
Selling, general, and administrative, including stock-based compensation                 106,287 87,943 77,162
Radio conversion costs                 14,369 1,113 0
Amortization of subscriber accounts, dealer network and other intangible assets                 258,668 253,403 208,760
Depreciation                 10,066 9,019 7,327
Restructuring charges                 0 952 1,111
Gain on disposal of operating assets, net                 (5) (71) (2)
Total operating expenses                 499,631 445,959 368,494
Operating income $ 5,655 $ 12,420 $ 21,783 $ 23,867 $ 23,583 $ 23,989 $ 22,826 $ 23,092 63,725 93,490 82,539
Other expense, net:                      
Interest expense                 125,415 119,607 96,145
Refinancing expense                 4,468 0 0
Total other expense                 129,883 119,607 96,145
Loss before income taxes                 (66,158) (26,117) (13,606)
Income tax expense                 6,290 3,600 3,081
Net loss                 (72,448) (29,717) (16,687)
Other comprehensive income (loss):                      
Unrealized gain (loss) on derivative contracts, net                 (8,741) (4,879) 12,317
Total other comprehensive income (loss), net of tax                 (8,741) (4,879) 12,317
Comprehensive loss                 $ (81,189) $ (34,596) $ (4,370)