Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
5 Months Ended |
Sep. 30, 2015 |
Sep. 30, 2015 |
| Revenues: |
|
|
| Total revenues |
$ 173,634
|
$ 302,382
|
| Costs and Expenses: |
|
|
| Interest expense |
66,511
|
115,307
|
| Depreciation and amortization |
87,271
|
151,715
|
| General and administrative expense |
4,229
|
7,390
|
| Acquisition and transaction related costs |
804
|
877
|
| Total costs and expenses |
163,963
|
284,178
|
| Income before income taxes |
9,671
|
18,204
|
| Income tax expense |
268
|
500
|
| Net income |
9,403
|
17,704
|
| Participating securities' share in earnings |
(430)
|
(755)
|
| Net income applicable to common shareholders |
$ 8,973
|
$ 16,949
|
| Earnings per common share: |
|
|
| Basic |
$ 0.06
|
$ 0.11
|
| Diluted |
$ 0.06
|
$ 0.11
|
| Weighted-average number of common shares outstanding |
|
|
| Basic |
149,834
|
149,831
|
| Diluted |
149,834
|
149,831
|
| Dividends declared per common share |
$ 0.60
|
$ 1.04
|
| Rental Revenues |
|
|
| Revenues: |
|
|
| Total revenues |
$ 166,959
|
$ 291,131
|
| Costs and Expenses: |
|
|
| Depreciation and amortization |
86,307
|
150,108
|
| Consumer CLEC |
|
|
| Revenues: |
|
|
| Total revenues |
6,675
|
11,251
|
| Costs and Expenses: |
|
|
| Depreciation and amortization |
964
|
1,607
|
| CLEC operating expense |
$ 5,148
|
$ 8,889
|