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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
2 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2016
Revenues:      
Total revenues $ 128,748 $ 188,573 $ 363,248
Costs and Expenses:      
Interest expense 48,797 68,036 134,085
Depreciation and amortization 64,444 92,385 178,725
General and administrative expense 3,161 8,239 13,428
Operating expense 3,741 9,911 14,618
Transaction related costs 73 11,210 15,120
Total costs and expenses 120,216 189,781 355,976
(Loss) income before income taxes 8,532 (1,208) 7,272
Income tax expense 231 327 771
Net (loss) income 8,301 (1,535) 6,501
Participating securities' share in earnings (325) (402) (757)
Dividends declared on convertible preferred stock   (438) (438)
Amortization of discount on convertible preferred stock   (496) (496)
Net (loss) income applicable to common shareholders $ 7,976 $ (2,871) $ 4,810
(Loss) earnings per common share:      
Basic $ 0.05 $ (0.02) $ 0.03
Diluted $ 0.05 $ (0.02) $ 0.03
Weighted-average number of common shares outstanding      
Basic 149,827 150,913 150,416
Diluted 149,827 150,913 150,661
Dividends declared per common share $ 0.44 $ 0.60 $ 1.20
Leasing      
Revenues:      
Total revenues $ 124,172 $ 169,050 $ 337,691
Costs and Expenses:      
Depreciation and amortization 63,801 85,824 171,325
Fiber Infrastructure      
Revenues:      
Total revenues   13,776 13,776
Costs and Expenses:      
Depreciation and amortization   5,747 5,747
Consumer CLEC      
Revenues:      
Total revenues 4,576 5,747 11,781
Costs and Expenses:      
Depreciation and amortization $ 643 $ 814 $ 1,653