Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Selected financial data related to our segments is presented below for the three months ended September 30, 2016, and September 30, 2015:

	Three Months Ended September 30, 2016
(Thousands)	Leasing		Fiber Infrastructure		Consumer CLEC		Subtotal of Reportable Segments
Revenues	$	169,525	$	25,219	$	5,496	$	200,240
Adjusted EBITDA	$	165,190	$	9,273	$	1,213	$	175,676
Less:
Interest expense								70,522
Depreciation and amortization		86,208		9,701		814		96,723
Transaction related costs								9,315
Stock-based compensation								1,331
Income tax expense								128
Net loss							$	(2,343	)
Capital expenditures(1)	$	2,875	$	6,877	$	-	$	9,752

	Three Months Ended September 30, 2015
(Thousands)	Leasing		Consumer CLEC		Subtotal of Reportable Segments
Revenues	$	166,959	$	6,675	$	173,634
Adjusted EBITDA	$	163,509	$	1,527	$	165,036
Less:
Interest expense						66,511
Depreciation and amortization		86,307		964		87,271
Transaction related costs						804
Stock-based compensation						779
Income tax expense						268
Net income					$	9,403
Capital expenditures(1)	$	315	$	-	$	315

⁽¹⁾Segment capital expenditures represents capital expenditures as reported in the investing activities section of the Statement of Cash Flows.

Selected financial data related to our segments is presented below for the nine months ended September 30, 2016 and for the period from April 24, 2015 to September 30, 2015:

	Nine Months Ended September 30, 2016
(Thousands)	Leasing		Fiber Infrastructure		Consumer CLEC		Subtotal of Reportable Segments
Revenues	$	507,216	$	38,995	$	17,277	$	563,488
Adjusted EBITDA	$	494,377	$	14,773	$	3,875	$	513,025
Less:
Interest expense								204,607
Depreciation and amortization		257,557		15,448		2,443		275,448
Transaction related costs								24,435
Stock-based compensation								3,478
Income tax expense								899
Net income							$	4,158
Capital expenditures(1)	$	8,926	$	10,278	$	-	$	19,204

	Period from April 24, 2015 to September 30, 2015
(Thousands)	Leasing		Consumer CLEC		Subtotal of Reportable Segments
Revenues	$	291,131	$	11,251	$	302,382
Adjusted EBITDA	$	284,858	$	2,362	$	287,220
Less:
Interest expense						115,307
Depreciation and amortization		150,108		1,607		151,715
Transaction related costs						877
Stock-based compensation						1,117
Income tax expense						500
Net income					$	17,704
Capital expenditures(1)	$	712	$	-	$	712

⁽¹⁾Segment capital expenditures represents capital expenditures as reported in the investing activities section of the Statement of Cash Flows.

Summary of Total Assets by Business Segment

Total assets by business segment as of September 30, 2016 and December 31, 2015 are as follows:

(Thousands)	September 30, 2016		December 31, 2015
Leasing	$	2,288,927	$	2,527,915
Fiber Infrastructure		914,252		-
Consumer CLEC		14,355		14,721
Subtotal of reportable segments	$	3,217,534	$	2,542,636