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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 263,629 $ 252,636 $ 789,074 $ 746,880
Costs and Expenses:        
Interest expense 104,655 80,406 286,842 237,398
Depreciation and amortization 101,166 112,748 307,571 342,311
General and administrative expense 25,267 20,666 75,921 63,867
Operating expense (exclusive of depreciation and amortization) 39,948 34,773 118,529 96,199
Transaction related and other costs 15,179 2,323 28,883 12,025
Gain on sale of real estate (205)   (28,995)  
Other (income) expense (859) (1,038) (32,091) (1,574)
Total costs and expenses 285,151 249,878 756,660 750,226
(Loss) income before income taxes (21,522) 2,758 32,414 (3,346)
Income tax (benefit) expense (1,745) (1,466) 10,152 (5,208)
Net (loss) income (19,777) 4,224 22,262 1,862
Net (loss) income attributable to noncontrolling interests (357) 93 523 24
Net (loss) income attributable to shareholders (19,420) 4,131 21,739 1,838
Participating securities' share in earnings (50) (655) (301) (1,992)
Dividends declared on convertible preferred stock   (656) (656) (1,968)
Amortization of discount on convertible preferred stock   (745) (993) (2,235)
Net (loss) income attributable to common shareholders $ (19,470) $ 2,075 $ 19,789 $ (4,357)
Earnings (loss) per common share:        
Basic $ (0.10) $ 0.01 $ 0.11 $ (0.02)
Diluted $ (0.10) $ 0.01 $ 0.11 $ (0.02)
Weighted-average number of common shares outstanding:        
Basic 191,940 175,396 185,746 175,101
Diluted 191,940 175,653 185,746 175,101
Leasing        
Revenues:        
Total revenues $ 179,648 $ 174,822 $ 532,773 $ 521,481
Costs and Expenses:        
Depreciation and amortization 70,227 83,857 216,254 257,055
Gain on sale of real estate (131)   (5,091)  
Fiber Infrastructure        
Revenues:        
Total revenues 77,979 70,130 236,139 204,486
Costs and Expenses:        
Depreciation and amortization 28,652 26,605 85,405 78,754
Tower        
Revenues:        
Total revenues 3,273 4,319 11,499 10,161
Costs and Expenses:        
Depreciation and amortization 1,643 1,734 4,470 4,786
Gain on sale of real estate (74)   (23,904)  
Consumer CLEC        
Revenues:        
Total revenues 2,729 3,365 8,663 10,752
Costs and Expenses:        
Depreciation and amortization $ 594 $ 498 $ 1,286 $ 1,495