XML 23 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
2 Months Ended 3 Months Ended 8 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2016
Revenues:                  
Total revenues $ 128,748 $ 206,920 $ 200,240 $ 188,573 $ 174,675 $ 173,932 $ 173,634 $ 476,314 $ 770,408
Costs and Expenses:                  
Interest expense               181,797 275,394
Depreciation and amortization               238,748 375,970
General and administrative expense               11,208 35,402
Operating expense (exclusive of depreciation, accretion and amortization)               13,743 49,668
Transaction related costs               5,210 33,669
Total costs and expenses               450,706 770,103
Income before income taxes 8,532 (4,752) (2,215) (1,208) 8,480 7,405 9,671 25,608 305
Income tax expense               738 517
Net (loss) income 8,301 (4,370) (2,343) (1,535) 8,036 7,166 9,403 24,870 (212)
Participating securities' share in earnings               (1,152) (1,557)
Dividends declared on convertible preferred stock                 (1,743)
Amortization of discount on convertible preferred stock                 (1,985)
Net (loss) income applicable to common shareholders $ 7,976 $ (6,163) $ (4,144) $ (2,871) $ 7,681 $ 6,769 $ 8,973 $ 23,718 $ (5,497)
(Loss) earnings per common share:                  
Basic $ 0.05 $ (0.04) $ (0.03) $ (0.02) $ 0.05 $ 0.05 $ 0.06 $ 0.16 $ (0.04)
Diluted 0.05 (0.04) (0.03) (0.02) 0.05 0.05 0.06 $ 0.16 $ (0.04)
Weighted-average number of common shares outstanding                  
Basic               149,835 152,473
Diluted               149,835 152,473
Dividends declared per common share $ 0.44 $ 0.60 $ 0.60 $ 0.60 $ 0.60 $ 0.60 $ 0.60 $ 1.64 $ 2.40
Leasing                  
Revenues:                  
Total revenues               $ 458,614 $ 677,368
Costs and Expenses:                  
Depreciation and amortization               236,177 344,083
Fiber Infrastructure                  
Revenues:                  
Total revenues                 70,568
Costs and Expenses:                  
Depreciation and amortization                 28,629
Consumer CLEC                  
Revenues:                  
Total revenues               17,700 22,472
Costs and Expenses:                  
Depreciation and amortization               $ 2,571 $ 3,258