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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 264,414 $ 247,329 $ 525,445 $ 494,244
Costs and Expenses:        
Interest expense 97,729 79,385 182,187 156,992
Depreciation and amortization 102,578 114,842 206,405 229,563
General and administrative expense 26,428 20,681 50,654 43,201
Operating expense (exclusive of depreciation and amortization) 40,163 31,522 78,581 61,426
Transaction related costs 7,035 3,789 13,704 9,702
Gain on sale of real estate (28,790)   (28,790)  
Other (income) expense (28,119) 3,349 (31,232) (536)
Total costs and expenses 217,024 253,568 471,509 500,348
Income (loss) before income taxes 47,390 (6,239) 53,936 (6,104)
Income tax expense (benefit) 7,843 (2,646) 11,897 (3,742)
Net income (loss) 39,547 (3,593) 42,039 (2,362)
Net income (loss) attributable to noncontrolling interests 830 (90) 880 (69)
Net income (loss) attributable to shareholders 38,717 (3,503) 41,159 (2,293)
Participating securities' share in earnings (223) (658) (251) (1,337)
Dividends declared on convertible preferred stock   (656) (656) (1,312)
Amortization of discount on convertible preferred stock (248) (745) (993) (1,490)
Net income (loss) attributable to common shareholders $ 38,246 $ (5,562) $ 39,259 $ (6,432)
Earnings (loss) per common share:        
Basic $ 0.21 $ (0.03) $ 0.22 $ (0.04)
Diluted $ 0.20 $ (0.03) $ 0.21 $ (0.04)
Weighted-average number of common shares outstanding:        
Basic 182,971 175,011 182,597 174,951
Diluted 193,105 175,011 192,276 174,951
Leasing        
Revenues:        
Total revenues $ 177,042 $ 173,885 $ 353,125 $ 346,659
Costs and Expenses:        
Depreciation and amortization 72,275 86,454 146,028 173,198
Gain on sale of real estate (4,960)   (4,960)  
Fiber Infrastructure        
Revenues:        
Total revenues 81,327 67,389 158,160 134,356
Costs and Expenses:        
Depreciation and amortization 28,494 26,244 56,752 52,149
Tower        
Revenues:        
Total revenues 3,146 2,472 8,226 5,842
Costs and Expenses:        
Depreciation and amortization 1,412 1,575 2,827 3,052
Gain on sale of real estate (23,830)   (23,830)  
Consumer CLEC        
Revenues:        
Total revenues 2,899 3,583 5,934 7,387
Costs and Expenses:        
Depreciation and amortization $ 346 $ 499 $ 692 $ 997