Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.7.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net revenue $ 140,498 $ 143,656 $ 281,698 $ 286,924
Operating expenses:        
Cost of services 29,617 27,637 59,586 57,112
Selling, general, and administrative, including stock-based compensation 60,562 29,203 93,285 57,816
Radio conversion costs 77 7,596 309 16,675
Amortization of subscriber accounts, dealer network and other intangible assets 59,965 61,937 119,512 123,259
Depreciation 2,125 2,025 4,245 4,000
Total operating expenses 152,346 128,398 276,937 258,862
Operating loss (11,848) 15,258 4,761 28,062
Other expense:        
Interest expense 36,477 30,024 72,315 61,248
Total other expense 36,477 30,024 72,315 61,248
Loss before income taxes (48,325) (14,766) (67,554) (33,186)
Income tax expense 1,779 1,743 3,563 3,533
Net loss (50,104) (16,509) (71,117) (36,719)
Other comprehensive loss:        
Unrealized loss on derivative contracts, net (5,777) (4,697) (4,728) (16,542)
Total other comprehensive loss, net of tax (5,777) (4,697) (4,728) (16,542)
Comprehensive loss $ (55,881) $ (21,206) $ (75,845) $ (53,261)