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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 283,103 $ 266,747 $ 845,112 $ 807,513
Costs and Expenses:        
Interest expense, net 97,731 94,793 290,280 341,762
Depreciation and amortization 73,516 70,530 217,276 211,165
General and administrative expense 26,863 25,077 75,818 75,800
Operating expense (exclusive of depreciation and amortization) 36,291 34,167 108,184 105,436
Goodwill impairment 216,000 0 216,000 0
Transaction related and other costs 2,375 1,063 7,324 5,624
Gain on sale of real estate (94) 0 (344) (442)
Gain on sale of operations (176) 0 (176) (28,143)
Other (income) expense, net 74 283 (8,254) 8,758
Total costs and expenses 452,580 225,913 906,108 719,960
(Loss) income before income taxes and equity in earnings from unconsolidated entities (169,477) 40,834 (60,996) 87,553
Income tax (benefit) expense (13,056) (2,244) (10,183) 283
Equity in earnings of unconsolidated entities (672) (604) (1,696) (1,549)
Net (loss) income (155,749) 43,682 (49,117) 88,819
Net (loss) income attributable to noncontrolling interests (70) 316 135 984
Net (loss) income attributable to shareholders (155,679) 43,366 (49,252) 87,835
Participating securities' share in earnings (226) (283) (897) (864)
Dividends declared on convertible preferred stock (5) (3) (15) (8)
Net (loss) income attributable to common shareholders $ (155,910) $ 43,080 $ (50,164) $ 86,963
(Loss) income per common share:        
Basic (in dollars per share) $ (0.66) $ 0.18 $ (0.21) $ 0.37
Diluted (in dollars per share) $ (0.66) $ 0.17 $ (0.21) $ 0.37
Weighted-average number of common shares outstanding:        
Basic (in shares) 235,739 233,513 235,483 232,269
Diluted (in shares) 235,739 264,421 235,483 232,540
Leasing        
Revenues:        
Total revenues $ 208,623 $ 199,485 $ 618,878 $ 590,478
Fiber Infrastructure        
Revenues:        
Total revenues $ 74,480 $ 67,262 226,234 $ 217,035
Costs and Expenses:        
Goodwill impairment     $ 216,000