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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Statement of Comprehensive Income [Abstract]        
Revenue $ 158,104 $ 128,785 $ 430,660 $ 383,798
Cost of revenue 97,413 74,348 246,100 209,575
Gross profit 60,691 54,437 184,560 174,223
Selling, general and administrative expense 42,845 31,516 117,718 105,070
Income from operations 17,846 22,921 66,842 69,153
Other income (expense):        
Interest expense, including $689, $439, $1,892, and $1,257, respectively, in amortization of debt issuance costs and original issue discounts (15,166) (6,554) (34,121) (20,682)
Loss on swaps (3,853) (1,559) (3,618) (23,257)
Gain (Loss) on Extinguishment of Debt (146) (245) (146) (245)
Equity in net losses of investments (326) 0 (925) 0
Gain on sale of equity method investment 0 0 5,374 0
Other 500 185 4,092 733
Total other expense (18,991) (8,173) (29,344) (43,451)
(Loss) income before income taxes (1,145) 14,748 37,498 25,702
Income tax benefit (expense) 278 (1,515) (4,287) (2,622)
Net (loss) income (867) 13,233 33,211 23,080
Less: net (loss) income attributable to noncontrolling interest (498) 8,027 17,578 13,993
Net (loss) income attributable to Switch, Inc. $ (369) $ 5,206 $ 15,633 $ 9,087
Net (loss) income per share (Note 11):        
Basic (in dollars per share) $ (0.00) $ 0.05 $ 0.12 $ 0.09
Diluted (in dollars per share) $ (0.00) $ 0.05 $ 0.12 $ 0.08
Weighted average shares used in computing net (loss) income per share (Note 11):        
Basic (in shares) 136,292 108,690 131,067 102,703
Diluted (in shares) 136,292 111,565 135,091 243,553
Other comprehensive (loss) income:        
Foreign currency translation adjustment, net of reclassification adjustment and tax of $0 $ 0 $ 0 $ (474) $ 0
Comprehensive (loss) income (867) 13,233 32,737 23,080
Less: comprehensive (loss) income attributable to noncontrolling interest (498) 8,027 17,165 13,993
Comprehensive (loss) income attributable to Switch, Inc. $ (369) $ 5,206 $ 15,572 $ 9,087