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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenues $ 94,309 $ 149,848 $ 207,149 $ 264,742
Expenses        
Operating expenses 24,572 85,783 58,016 140,093
General and administrative 4,388 3,551 9,051 7,735
Acquisition and transaction expenses 3,661 2,308 6,855 3,782
Management fees and incentive allocation to affiliate 4,756 5,710 9,522 9,548
Depreciation and amortization 41,720 42,052 83,917 80,915
Asset impairment 10,476 0 10,476 0
Interest expense 21,794 25,394 44,655 46,128
Total expenses 111,367 164,798 222,492 288,201
Other (expense) income        
Equity in losses of unconsolidated entities (3,209) (169) (2,944) (553)
Gain (loss) on sale of assets, net 768 22,622 (1,051) 24,340
Loss on extinguishment of debt 0 0 (4,724) 0
Interest income 22 240 63 331
Other (expense) income (1) 4,937 32 2,334
Total other (expense) income (2,420) 27,630 (8,624) 26,452
(Loss) income from continuing operations before income taxes (19,478) 12,680 (23,967) 2,993
Benefit from income taxes (3,750) (2,328) (3,848) (2,061)
Net (loss) income from continuing operations (15,728) 15,008 (20,119) 5,054
Net income from discontinued operations, net of income taxes 0 785 1,331 943
Net (loss) income (15,728) 15,793 (18,788) 5,997
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries:        
Continuing operations (4,112) (4,580) (8,848) (7,940)
Discontinued operations 0 41 0 (15)
Dividends on preferred shares 4,079 0 8,618 0
Net (loss) income attributable to shareholders $ (15,695) $ 20,332 $ (18,558) $ 13,952
Basic        
Continuing operations (in dollars per share) $ (0.18) $ 0.23 $ (0.23) $ 0.15
Discontinued operations (in dollars per share) 0 0.01 0.02 0.01
Diluted        
Continuing operations (in dollars per share) (0.18) 0.23 (0.23) 0.15
Discontinued operations (in dollars per share) $ 0 $ 0.01 $ 0.02 $ 0.01
Weighted average shares outstanding:        
Basic (in shares) 86,009,959 85,987,769 86,009,029 85,987,115
Diluted (in shares) 86,009,959 85,989,029 86,009,029 85,987,115
Equipment leasing revenues        
Revenues        
Revenues $ 79,834 $ 79,200 $ 166,283 $ 151,652
Infrastructure revenues        
Revenues        
Revenues $ 14,475 $ 70,648 $ 40,866 $ 113,090