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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Statement of Comprehensive Income [Abstract]        
Revenue $ 141,690 $ 126,917 $ 272,556 $ 255,013
Cost of revenue 76,994 68,198 148,687 135,227
Gross profit 64,696 58,719 123,869 119,786
Selling, general and administrative expense 39,875 33,438 74,873 73,554
Income from operations 24,821 25,281 48,996 46,232
Other income (expense):        
Interest expense, including $620, $409, $1,203, and $818, respectively, in amortization of debt issuance costs and original issue discount (10,198) (6,693) (18,955) (14,128)
(Loss) gain on swaps (2,970) (4,143) 235 (21,698)
Equity in net losses of investments (379) 0 (599) 0
Gain on sale of equity method investment 0 0 5,374 0
Other 321 271 3,592 548
Total other expense (13,226) (10,565) (10,353) (35,278)
Income before income taxes 11,595 14,716 38,643 10,954
Income tax expense (1,911) (1,380) (4,565) (1,107)
Net income 9,684 13,336 34,078 9,847
Less: net income attributable to noncontrolling interest 5,323 8,239 18,076 5,966
Net income attributable to Switch, Inc. $ 4,361 $ 5,097 $ 16,002 $ 3,881
Net income per share (Note 11):        
Basic (in dollars per share) $ 0.03 $ 0.05 $ 0.12 $ 0.04
Diluted (in dollars per share) $ 0.03 $ 0.05 $ 0.12 $ 0.03
Weighted average shares used in computing net income per share (Note 11):        
Basic (in shares) 130,163 104,987 128,412 99,676
Diluted (in shares) 245,527 243,916 131,660 243,622
Other comprehensive income:        
Foreign currency translation adjustment, net of reclassification adjustment and tax of $0 $ 0 $ 0 $ (474) $ 0
Comprehensive income 9,684 13,336 33,604 9,847
Less: comprehensive income attributable to noncontrolling interest 5,323 8,239 17,663 5,966
Comprehensive income attributable to Switch, Inc. $ 4,361 $ 5,097 $ 15,941 $ 3,881