Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Selected financial data related to our segments is presented below for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended September 30, 2022
(Thousands)	Leasing		Fiber Infrastructure	Corporate		Subtotal of Reportable Segments
Revenues	$	208,623	74,480	$	—	$	283,103
Adjusted EBITDA	$	203,209	28,586	(6,742)		$	225,053
Less:
Interest expense						97,731
Depreciation and amortization	43,121		30,370	25		73,516
Transaction related and other costs						2,375
Gain on sale of real estate						(94)
Gain on sale of operations						(176)
Goodwill impairment						216,000
Other, net						600
Stock-based compensation						3,151
Income tax benefit						(13,056)
Adjustments for equity in earnings from unconsolidated entities						755
Net loss						$	(155,749)

	Three Months Ended September 30, 2021
(Thousands)	Leasing		Fiber Infrastructure		Corporate		Subtotal of Reportable Segments
Revenues	$	199,485	$	67,262	$	—	$	266,747
Adjusted EBITDA	$	194,303	$	27,556	$	(4,632)	$	217,227
Less:
Interest expense							94,793
Depreciation and amortization	41,432		29,036		62		70,530
Transaction related and other costs							1,063
Gain on sale of real estate							—
Gain on sale of operations							—
Other, net							4,472
Stock-based compensation							4,166
Income tax benefit							(2,244)
Adjustments for equity in earnings from unconsolidated entities							765
Net income							$	43,682

	Nine Months Ended September 30, 2022
(Thousands)	Leasing	Fiber Infrastructure	Corporate		Subtotal of Reportable Segments
Revenues	618,878	226,234	$	—	$	845,112
Adjusted EBITDA	602,531	93,628	(19,153)		$	677,006
Less:
Interest expense					290,280
Depreciation and amortization	127,738	89,440	98		217,276
Transaction related and other costs					7,324
Gain on sale of real estate					(344)
Gain on sale of operations					(176)
Goodwill impairment					216,000
Other, net					(6,534)
Stock-based compensation					9,664
Income tax benefit					(10,183)
Adjustments for equity in earnings from unconsolidated entities					2,816
Net loss					$	(49,117)

	Nine Months Ended September 30, 2021
(Thousands)	Leasing		Fiber Infrastructure		Corporate		Subtotal of Reportable Segments
Revenues	$	590,478	$	217,035	$	—	$	807,513
Adjusted EBITDA	$	577,937	$	86,716	$	(17,444)	$	647,209
Less:
Interest expense							341,762
Depreciation and amortization	124,132		86,838		195		211,165
Transaction related and other costs							5,624
Gain on sale of real estate							(442)
Gain on sale of operations							(28,143)
Other, net							14,569
Stock-based compensation							10,963
Income tax expense							283
Adjustments for equity in earnings from unconsolidated entities							2,609
Net income							$	88,819