Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The gross carrying amount, accumulated depreciation and net carrying amount of subscriber system assets as of March 31, 2020 and December 31, 2019 were as follows:



(in thousands)	March 31, 2020			December 31, 2019
Gross carrying amount	$	4,673,147		$	4,597,908
Accumulated depreciation	(1,986,558		)	(1,858,612		)
Subscriber system assets, net	$	2,686,589		$	2,739,296

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities as of March 31, 2020 and December 31, 2019 consisted of the following:



(in thousands)	March 31, 2020		December 31, 2019
Accrued interest	$	90,340	$	115,070
Payroll-related accruals	87,744		91,944
Other accrued liabilities	377,747		270,352
Accrued expenses and other current liabilities	$	555,831	$	477,366

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments and Securities

The carrying amount and fair value of the Company’s long-term debt instruments that are subject to fair value disclosures as of March 31, 2020 and December 31, 2019 were as follows:



	March 31, 2020				December 31, 2019
(in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Debt instruments, excluding finance lease obligations	$	9,885,367	$	9,273,864	$	9,617,491	$	10,177,751

Impact of New Accounting Pronouncements on Financial Statements

Measurement of Credit Losses on Financial Instruments

Financial Accounting Standard Update (“ASU”) 2016-13, Measurement of Credit Losses on Financial Instrument, and related amendments, introduces new guidance which makes substantive changes to the accounting for credit losses. This guidance introduces the current expected credit losses (“CECL”) model which applies to financial assets subject to credit losses and measured at amortized cost, as well as certain off-balance sheet credit exposures. The CECL model requires an entity to estimate credit losses expected over the life of an exposure, considering information about historical events, current conditions, and reasonable and supportable forecasts and is generally expected to result in earlier recognition of credit losses. The Company adopted this guidance

as of January 1, 2020 using the modified retrospective approach and recognized a cumulative effect adjustment to the opening balance of accumulated deficit with no restatement of comparative periods. The impact of adoption was not material.

Cloud Computing Arrangement Costs

ASU 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is classified as a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted the guidance as of January 1, 2020 on a prospective basis, and will result in capitalized implementation costs related to hosted cloud computing service agreements being classified in the same line item as the fees for the associated arrangement in the Condensed Consolidated Balance Sheets, Statements of Operations, and Cash Flows. The impact of adoption was not material.

Recently Issued Accounting Pronouncements

ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting, provides optional guidance for a limited period of time to ease the potential burden of accounting for reference rate reform. This guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of this guidance