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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 193,108 $ 174,919 $ 398,381 $ 343,138
Operating expenses:        
Research and development 5,626 2,986 9,504 5,605
Selling, general and administrative 37,339 28,662 76,023 54,765
Depreciation and amortization 114,569 75,681 190,388 151,342
Total operating expenses 209,079 154,120 391,204 303,106
Operating income (loss) (15,971) 20,799 7,177 40,032
Other expense, net:        
Interest expense, net (18,723) (14,780) (36,613) (29,357)
Other income (expense), net 419 (220) 638 (228)
Total other expense, net (18,304) (15,000) (35,975) (29,585)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (34,275) 5,799 (28,798) 10,447
Income tax benefit (expense) 5,211 (1,242) 10,664 (3,066)
Loss on equity method investments (1,677) 0 (2,832) 0
Net income (loss) $ (30,741) $ 4,557 $ (20,966) $ 7,381
Weighted Average Number of Shares Outstanding, Basic 126,239 128,351 126,569 129,355
Weighted Average Number of Shares Outstanding, Diluted 126,239 129,611 126,569 130,811
Earnings Per Share, Basic and Diluted $ (0.24) $ 0.04 $ (0.17) $ 0.06
Comprehensive income (loss):        
Net income (loss) $ (30,741) $ 4,557 $ (20,966) $ 7,381
Foreign currency translation adjustments (132) (794) (41) 481
Unrealized Gain on Cash Flow Hedging, net of tax 10,061 10,442 405 38,434
Comprehensive income (loss) (20,812) 14,205 (20,602) 46,296
Services        
Revenue:        
Total revenue 145,142 132,861 284,491 258,970
Operating expenses:        
Cost of Goods and Services Sold 35,432 25,320 72,037 49,418
Subscriber equipment        
Revenue:        
Total revenue 27,376 33,759 69,052 67,503
Operating expenses:        
Cost of Goods and Services Sold 16,113 21,471 43,252 41,976
Engineering and support services        
Revenue:        
Total revenue $ 20,590 $ 8,299 $ 44,838 $ 16,665