Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.19.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]            
Net revenue $ 128,091   $ 135,013   $ 257,697 $ 268,766
Operating expenses:            
Cost of services 28,536   33,047   55,300 65,748
Selling, general and administrative, including stock-based and long-term incentive compensation 28,163   32,655   59,385 64,669
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets 49,138   53,891   98,283 108,302
Depreciation 3,121   2,865   6,275 5,480
Loss on goodwill impairment 0   214,400   0 214,400
Total operating expenses 108,958   336,858   219,243 458,599
Operating income (loss) 19,133   (201,845)   38,454 (189,833)
Other expense:            
Restructuring and reorganization expense 33,102   0   33,102 0
Interest expense 40,536   38,600   77,969 75,473
Realized and unrealized (gain) loss, net on derivative financial instruments (969)   0   6,804 0
Refinancing expense 0   0   5,214 0
Total other expense 72,669   38,600   123,089 75,473
Loss before income taxes (53,536)   (240,445)   (84,635) (265,306)
Income tax expense 666   1,347   1,337 2,693
Net loss (54,202) $ (31,770) (241,792) $ (26,207) (85,972) (267,999)
Other comprehensive income (loss):            
Unrealized gain (loss) on derivative contracts, net (472)   5,521   (940) 19,927
Total other comprehensive income (loss), net of tax (472) $ (468) 5,521 $ 14,406 (940) 19,927
Comprehensive loss $ (54,674)   $ (236,271)   $ (86,912) $ (248,072)