Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]            
Net revenue $ 137,156     $ 138,211 $ 405,922 $ 419,909
Operating expenses:            
Cost of services 35,059     30,213 100,807 89,799
Selling, general and administrative, including stock-based and long-term incentive compensation 34,266     33,474 98,935 126,759
Radio conversion costs 0     74 0 383
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 52,671     59,384 160,973 178,896
Depreciation 2,880     2,170 8,360 6,415
Loss on goodwill impairment 0     0 214,400 0
Total operating expenses 124,876     125,315 583,475 402,252
Operating income (loss) 12,280     12,896 (177,553) 17,657
Other expense:            
Interest expense 39,077     36,665 114,550 108,980
Refinancing expense 5,697     0 5,697 0
Total other expense 44,774     36,665 120,247 108,980
Loss before income taxes (32,494)     (23,769) (297,800) (91,323)
Income tax expense 1,346     1,767 4,039 5,330
Net loss (33,840) $ (241,792) $ (26,207) (25,536) (301,839) (96,653)
Other comprehensive income (loss):            
Unrealized gain (loss) on derivative contracts, net 3,269     227 23,196 (4,501)
Total other comprehensive income (loss), net of tax 3,269 $ 5,521 $ 14,406 227 23,196 (4,501)
Comprehensive loss $ (30,571)     $ (25,309) $ (278,643) $ (101,154)