v3.24.0.1
QUARTERLY RESULTS OF OPERATIONS (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2023
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Results of Operations
The following tables present the Consolidated Statements of Income (Loss) and net income (loss) per share for each quarter of 2023 and 2022, revised to report results of discontinued operations as a separate component of Consolidated net income (loss) for each period presented in accordance with GAAP.
(In thousands)
Three Months Ended
March 31,		Three Months Ended
June 30,		Three Months Ended
September 30,		Three Months Ended
December 31,
20232022202320222023202220232022
Revenue$437,420 $436,138 $530,820 $512,299 $526,786 $503,344 $632,114 $562,247 
Operating expenses:
Direct operating expenses(1)
252,603 235,880 266,226 244,073 271,377 241,389 302,480 260,637 
Selling, general and administrative expenses(1)
89,895 83,126 89,314 90,182 87,083 90,381 105,351 93,900 
Corporate expenses(1)
36,180 45,099 58,316 39,925 34,931 38,299 42,897 38,529 
Depreciation and amortization
64,208 51,252 64,502 51,229 57,699 49,871 55,419 65,483 
Impairment charges— — — 21,805 — 871 — — 
Other operating expense (income), net
3,920 (4,928)23 3,741 6,179 1,863 1,647 1,457 
Operating income (loss)(9,386)25,709 52,439 61,344 69,517 80,670 124,320 102,241 
Interest expense, net(102,500)(82,599)(104,733)(86,485)(107,391)(92,620)(106,810)(98,895)
Gain on extinguishment of debt
— — — — 3,817 — — — 
Other income (expense), net8,780 (5,894)12,211 (26,401)(17,269)(27,968)2,681 23,203 
Income (loss) from continuing operations before income taxes
(103,106)(62,784)(40,083)(51,542)(51,326)(39,918)20,191 26,549 
Income tax benefit (expense) attributable to continuing operations
10,501 1,722 1,277 (22,397)244 21,120 5,195 79,947 
Income (loss) from continuing operations
(92,605)(61,062)(38,806)(73,939)(51,082)(18,798)25,386 106,496 
Income (loss) from discontinued operations
57,183 (28,667)2,227 8,622 (211,736)(19,982)617 (7,058)
Consolidated net income (loss)
(35,422)(89,729)(36,579)(65,317)(262,818)(38,780)26,003 99,438 
Less: Net income (loss) attributable to noncontrolling interests
(510)139 718 347 672 977 1,226 753 
Net income (loss) attributable to the Company
$(34,912)$(89,868)$(37,297)$(65,664)$(263,490)$(39,757)$24,777 $98,685 
(1)Excludes depreciation and amortization
(In thousands, except per share data)
Three Months Ended
March 31,		Three Months Ended
June 30,		Three Months Ended
September 30,		Three Months Ended
December 31,
20232022202320222023202220232022
Weighted average common shares outstanding - Basic and Diluted:
Weighted average common shares outstanding – basic478,501 470,568 482,373 475,125 482,945 475,612 483,027 476,069 
Weighted average common shares outstanding – diluted478,501 470,568 482,373 475,125 482,945 475,612 489,132 481,664 
Net income (loss) attributable to the Company per share of common stock - Basic:
Net income (loss) from continuing operations attributable to the Company per share of common stock
$(0.19)$(0.13)$(0.08)$(0.16)$(0.11)$(0.04)$0.05 $0.22 
Net income (loss) from discontinued operations attributable to the Company per share of common stock
0.12 (0.06)— 0.02 (0.44)(0.04)— (0.01)
Net income (loss) attributable to the Company per share of common stock - Basic(1)
$(0.07)$(0.19)$(0.08)$(0.14)$(0.55)$(0.08)$0.05 $0.21 
Net income (loss) attributable to the Company per share of common stock - Diluted:
Net income (loss) from continuing operations attributable to the Company per share of common stock
$(0.19)$(0.13)$(0.08)$(0.16)$(0.11)$(0.04)$0.05 $0.22 
Net income (loss) from discontinued operations attributable to the Company per share of common stock
0.12 (0.06)— 0.02 (0.44)(0.04)— (0.01)
Net income (loss) attributable to the Company per share of common stock - Diluted(1)
$(0.07)$(0.19)$(0.08)$(0.14)$(0.55)$(0.08)$0.05 $0.20 
(1)Due to rounding, the total may not equal the sum of the line items in the table above.