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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Revenue $ 128,785 $ 122,353 $ 383,798 $ 341,765
Cost of revenue 74,348 63,504 209,575 179,146
Gross profit 54,437 58,849 174,223 162,619
Selling, general and administrative expense 31,516 36,869 105,070 104,039
Income from operations 22,921 21,980 69,153 58,580
Other income (expense):        
Interest expense, including $439, $409, $1,257, and $1,227, respectively, in amortization of debt issuance costs and original issue discount (6,554) (7,351) (20,682) (22,023)
Loss on interest rate swaps (1,559) (3,926) (23,257) (17,692)
Loss on extinguishment of debt (245) 0 (245) 0
Other 185 244 733 1,264
Total other expense (8,173) (11,033) (43,451) (38,451)
Income before income taxes 14,748 10,947 25,702 20,129
Income tax expense (1,515) (867) (2,622) (1,531)
Net income 13,233 10,080 23,080 18,598
Less: net income attributable to noncontrolling interest 8,027 7,133 13,993 13,729
Net income attributable to Switch, Inc. $ 5,206 $ 2,947 $ 9,087 $ 4,869
Net income per share (Note 9):        
Basic (in dollars per share) $ 0.05 $ 0.04 $ 0.09 $ 0.07
Diluted (in dollars per share) $ 0.05 $ 0.03 $ 0.08 $ 0.06
Weighted average shares used in computing net income per share (Note 9):        
Basic (in shares) 108,690 84,135 102,703 72,566
Diluted (in shares) 111,565 247,142 243,553 247,193
Other comprehensive income:        
Foreign currency translation adjustment, net of tax of $0 $ 0 $ 0 $ 0 $ 0
Comprehensive income 13,233 10,080 23,080 18,598
Less: comprehensive income attributable to noncontrolling interest 8,027 7,133 13,993 13,729
Comprehensive income attributable to Switch, Inc. $ 5,206 $ 2,947 $ 9,087 $ 4,869