Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.8.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net revenue $ 138,211 $ 142,765 $ 419,909 $ 429,689
Operating expenses:        
Cost of services 30,213 29,049 89,799 86,161
Selling, general and administrative, including stock-based compensation 33,474 29,727 126,759 87,543
Radio conversion costs 74 1,263 383 17,938
Amortization of subscriber accounts, dealer network and other intangible assets 59,384 62,156 178,896 185,415
Depreciation 2,170 2,084 6,415 6,084
Total operating expenses 125,315 124,279 402,252 383,141
Operating income (loss) 12,896 18,486 17,657 46,548
Other expense:        
Interest expense 36,665 30,211 108,980 91,459
Refinancing expense 0 9,348 0 9,348
Total other expense 36,665 39,559 108,980 100,807
Loss before income taxes (23,769) (21,073) (91,323) (54,259)
Income tax expense 1,767 1,929 5,330 5,462
Net loss (25,536) (23,002) (96,653) (59,721)
Other comprehensive income (loss):        
Unrealized gain (loss) on derivative contracts, net 227 (2,459) (4,501) (19,001)
Total other comprehensive income (loss), net of tax 227 (2,459) (4,501) (19,001)
Comprehensive loss $ (25,309) $ (25,461) $ (101,154) $ (78,722)