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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2015
Sep. 30, 2016
Revenues:        
Total revenues $ 200,240 $ 173,634 $ 302,382 $ 563,488
Costs and Expenses:        
Interest expense 70,522 66,511 115,307 204,607
Depreciation and amortization 96,723 87,271 151,715 275,448
General and administrative expense 10,191 4,229 7,390 23,619
Operating expense 15,704 5,148 8,889 30,322
Transaction related costs 9,315 804 877 24,435
Total costs and expenses 202,455 163,963 284,178 558,431
(Loss) income before income taxes (2,215) 9,671 18,204 5,057
Income tax expense 128 268 500 899
Net (loss) income (2,343) 9,403 17,704 4,158
Participating securities' share in earnings (407) (430) (755) (1,164)
Dividends declared on convertible preferred stock (649)     (1,087)
Amortization of discount on convertible preferred stock (745)     (1,241)
Net (loss) income applicable to common shareholders $ (4,144) $ 8,973 $ 16,949 $ 666
(Loss) earnings per common share:        
Basic $ (0.03) $ 0.06 $ 0.11 $ 0.00
Diluted $ (0.03) $ 0.06 $ 0.11 $ 0.00
Weighted-average number of common shares outstanding        
Basic 153,878 149,834 149,831 151,578
Diluted 153,878 149,834 149,831 151,716
Dividends declared per common share $ 0.60 $ 0.60 $ 1.04 $ 1.80
Leasing        
Revenues:        
Total revenues $ 169,525 $ 166,959 $ 291,131 $ 507,216
Costs and Expenses:        
Depreciation and amortization 86,208 86,307 150,108 257,557
Fiber Infrastructure        
Revenues:        
Total revenues 25,219     38,995
Costs and Expenses:        
Depreciation and amortization 9,701     15,448
Consumer CLEC        
Revenues:        
Total revenues 5,496 6,675 11,251 17,277
Costs and Expenses:        
Depreciation and amortization $ 814 $ 964 $ 1,607 $ 2,443