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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

The following tables are unaudited consolidated quarterly results of operations for the years ended December 31, 2019 and 2018 (amounts in millions, except per share data). The financial information presented should be read in conjunction with other information included in the Company's consolidated financial statements.

 
Quarters Ended
 
March 31, 2019
 
June 30, 2019
 
September 30, 2019
 
December 31, 2019
Revenue:
 
Telecommunications services
$
450.2

 
$
433.8

 
$
420.0

 
$
423.9

 
 
 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
 
 
Cost of telecommunications services
241.8

 
237.5

 
232.8

 
229.9

Operating income
38.7

 
31.1

 
30.1

 
23.5

Net loss
(27.3
)
 
(33.3
)
 
(26.2
)
 
(19.1
)
 
  

 
  

 
 
 
  

Loss per share:
 
 
 
 
 
 
 
Basic
$
(0.49
)
 
$
(0.59
)
 
$
(0.46
)
 
$
(0.34
)
Diluted
$
(0.49
)
 
$
(0.59
)
 
$
(0.46
)
 
$
(0.34
)
 
 
 
 
 
 
 
 
Weighted average shares:
 
 
 
 
 
 
 
Basic
55,839,212

 
56,248,530

 
56,370,178

 
56,580,466

Diluted
55,839,212

 
56,248,530

 
56,370,178

 
56,580,466


 
Quarters Ended
 
March 31, 2018
 
June 30, 2018
 
September 30, 2018
 
December 31, 2018
Revenue:
 
Telecommunications services
$
260.7

 
$
326.7

 
$
448.6

 
$
454.8

 
 
 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
 
 
Cost of telecommunications services
141.5

 
179.3

 
247.4

 
251.2

Operating income
9.2

 
4.2

 
14.5

 
11.8

Net loss
(30.7
)
 
(136.3
)
 
(23.4
)
 
(53.0
)
 
  

 
  

 
 
 
  

Loss per share:
 
 
 
 
 
 
 
Basic
$
(0.69
)
 
$
(2.83
)
 
$
(0.43
)
 
$
(0.96
)
Diluted
$
(0.69
)
 
$
(2.83
)
 
$
(0.43
)
 
$
(0.96
)
 
 
 
 
 
 
 
 
Weighted average shares:
 
 
 
 
 
 
 
Basic
44,632,365

 
48,221,341

 
54,671,787

 
55,191,175

Diluted
44,632,365

 
48,221,341

 
54,671,787

 
55,191,175