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Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 268,180 $ 266,820 $ 540,766 $ 532,982
Costs and Expenses:        
Interest expense 106,388 107,243 246,969 285,636
Depreciation and amortization 69,671 84,969 140,635 171,090
General and administrative expense 24,900 27,894 50,723 55,027
Operating expense (exclusive of depreciation and amortization) 33,185 40,167 71,269 80,477
Settlement expense   650,000   650,000
Transaction related and other costs 424 18,556 4,561 34,528
Gain on sale of real estate (442) (63,818) (442) (63,818)
Gain on sale of operations (Note 5) (28,143)   (28,143)  
Other expense, net 8,021 6,013 8,475 9,088
Total costs and expenses 214,004 871,024 494,047 1,222,028
Income (loss) before income taxes and equity in earnings from unconsolidated entities 54,176 (604,204) 46,719 (689,046)
Income tax expense (benefit) 5,084 (5,875) 2,527 (10,451)
Equity in (earnings) from unconsolidated entities (547)   (945)  
Net income (loss) 49,639 (598,329) 45,137 (678,595)
Net income (loss) attributable to noncontrolling interests 732 (10,585) 668 (11,998)
Net income (loss) attributable to shareholders 48,907 (587,744) 44,469 (666,597)
Participating securities' share in earnings (333) (424) (581) (624)
Dividends declared on convertible preferred stock (2) (1) (5) (4)
Net income (loss) attributable to common shareholders $ 48,572 $ (588,169) $ 43,883 $ (667,225)
Income (loss) per common share:        
Basic $ 0.21 $ (3.06) $ 0.19 $ (3.47)
Diluted $ 0.20 $ (3.06) $ 0.19 $ (3.47)
Weighted-average number of common shares outstanding:        
Basic 231,801 192,479 231,636 192,358
Diluted 262,268 192,479 231,862 192,358
Leasing        
Revenues:        
Total revenues $ 196,057 $ 185,320 $ 390,993 $ 369,672
Costs and Expenses:        
Depreciation and amortization 40,474 52,405 82,700 107,027
Fiber Infrastructure        
Revenues:        
Total revenues 72,123 79,140 149,773 156,547
Costs and Expenses:        
Depreciation and amortization $ 29,132 32,279 $ 57,802 62,340
Tower        
Revenues:        
Total revenues   2,392   6,112
Costs and Expenses:        
Depreciation and amortization   14   783
Consumer CLEC        
Revenues:        
Total revenues   (32)   651
Costs and Expenses:        
Depreciation and amortization   $ 197   $ 791