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Quarterly Results from Operations (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Results from Operations (unaudited)  
Schedule of results of operations for each quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

For the quarters Ended

(in millions, except per share amounts)

    

December 31,

    

September 30,

    

June 30,

    

March 31,

Revenue

 

$

192.7

 

$

181.8

 

$

175.5

 

$

175.4

Cost of revenue, excluding depreciation and amortization

 

 

51.9

 

 

39.9

 

 

38.1

 

 

34.5

Selling, general and administrative

 

 

49.4

 

 

46.5

 

 

42.8

 

 

46.4

Depreciation and amortization

 

 

64.7

 

 

64.6

 

 

66.9

 

 

71.0

Restructuring charges

 

 

1.1

 

 

1.0

 

 

1.6

 

 

2.9

Income from operations

 

 

25.6

 

 

29.8

 

 

26.1

 

 

20.6

Loss from early extinguishment of debt

 

 

(35.7)

 

 

 —

 

 

 —

 

 

 —

Interest expense, net

 

 

(4.0)

 

 

(4.0)

 

 

(4.7)

 

 

(5.1)

Other income, net

 

 

0.1

 

 

 —

 

 

 —

 

 

 —

(Loss) income before income taxes

 

 

(14.0)

 

 

25.8

 

 

21.4

 

 

15.5

Income tax benefit (expense)

 

 

5.1

 

 

(9.5)

 

 

(7.9)

 

 

(6.0)

Equity in earnings from joint venture, net of tax

 

 

(0.4)

 

 

(1.3)

 

 

(1.3)

 

 

(0.9)

Net (loss) income

 

 

(9.3)

 

 

15.0

 

 

12.2

 

 

8.6

Preferred stock dividends

 

 

(1.0)

 

 

(1.0)

 

 

(1.0)

 

 

(1.0)

Net (loss) income less preferred stock dividends

 

 

(10.3)

 

 

14.0

 

 

11.2

 

 

7.6

Income allocated to participating securities

 

 

 —

 

 

(0.7)

 

 

(0.5)

 

 

(0.3)

Net (loss) income available to common stockholders

 

$

(10.3)

 

$

13.3

 

$

10.7

 

$

7.3

Basic (loss) earnings per share

 

$

(0.17)

 

$

0.21

 

$

0.17

 

$

0.11

Diluted (loss) earnings per share

 

$

(0.17)

 

$

0.21

 

$

0.17

 

$

0.11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

For the quarters ended

(in millions, except per share amounts)

    

December 31,

    

September 30,

    

June 30,

    

March 31,

Revenue

 

$

181.7

 

$

173.3

 

$

178.0

 

$

169.4

Cost of revenue, excluding depreciation and amortization

 

 

34.1

 

 

34.3

 

 

37.2

 

 

39.3

Selling, general and administrative

 

 

47.5

 

 

49.6

 

 

52.9

 

 

57.0

Depreciation and amortization

 

 

74.3

 

 

70.4

 

 

68.7

 

 

67.3

Restructuring charges

 

 

6.0

 

 

0.4

 

 

0.4

 

 

2.2

Income from operations

 

 

19.8

 

 

18.6

 

 

18.8

 

 

3.6

Interest expense, net

 

 

(5.3)

 

 

(5.6)

 

 

(5.4)

 

 

(12.7)

Other income, net

 

 

 —

 

 

1.6

 

 

 —

 

 

 —

Income (loss) before income taxes

 

 

14.5

 

 

14.6

 

 

13.4

 

 

(9.1)

Income tax (expense) benefit

 

 

(3.4)

 

 

(4.6)

 

 

(5.4)

 

 

4.2

Equity in earnings from joint venture, net of tax

 

 

(0.5)

 

 

(0.4)

 

 

 —

 

 

 —

Net income (loss)

 

 

10.6

 

 

9.6

 

 

8.0

 

 

(4.9)

Preferred stock dividends

 

 

(1.0)

 

 

(1.0)

 

 

(1.0)

 

 

(1.0)

Net income (loss) less preferred stock dividends

 

 

9.6

 

 

8.6

 

 

7.0

 

 

(5.9)

Income allocated to participating securities

 

 

(0.4)

 

 

(0.4)

 

 

(0.3)

 

 

Net income (loss) available to common stockholders

 

$

9.2

 

$

8.2

 

$

6.7

 

$

(5.9)

Basic earnings (loss) per share

 

$

0.13

 

$

0.12

 

$

0.09

 

$

(0.08)

Diluted earnings (loss) per share

 

$

0.13

 

$

0.12

 

$

0.09

 

$

(0.08)