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Organization, Consolidation and Presentation of Financial Statements (Tables) | 3 Months Ended
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Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents disaggregated revenue:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
|  |  |  |  | (In thousands)
Direct Revenue: |  |  |  |  |  |  |
North America |  |  |  |  | $ | 326,829 |  |  | $ | 263,347 |
International |  |  |  |  | 328,352 |  |  | 271,477 |
Total Direct Revenue |  |  |  |  | 655,181 |  |  | 534,824 |
Indirect Revenue (principally advertising revenue) |  |  |  |  | 12,431 |  |  | 9,818 |
Total Revenue |  |  |  |  | $ | 667,612 |  |  | $ | 544,642 |
Schedule of Impact of Adoption of New Accounting Pronouncement | The Company early adopted ASU No. 2020-06 as of January 1, 2021 on a fully retrospective basis. The impact of adopting ASU No. 2020-06 is as follows:
| Prior to the adoption of ASU No. 2020-06 |  | After adoption of ASU No. 2020-06 |  | Effect of adoption of ASU No. 2020-06
| (In thousands)
Statement of operations impacts for the three months ended March 31, 2020 |  |  |  |  |
Interest expense | $ | 42,649 |  |  | $ | 31,894 |  |  | $ | (10,755) |
Income tax benefit | $ | 50,747 |  |  | $ | 48,202 |  |  | $ | (2,545) |
Net earnings from continuing operations | $ | 149,324 |  |  | $ | 157,534 |  |  | $ | 8,210 |
Net earnings per share from continuing operations: |  |  |  |  |
Basic | $ | 0.65 |  |  | $ | 0.69 |  |  | $ | 0.04 |
Diluted | $ | 0.59 |  |  | $ | 0.61 |  |  | $ | 0.02 |
Weighted average dilutive shares outstanding | 191,259 |  |  | 204,658 |  |  | 13,399 |
Balance sheet impacts at December 31, 2020: |  |  |  |  |
Non-current deferred tax asset | $ | 224,013 |  |  | $ | 292,820 |  |  | $ | 68,807 |
Long-term debt, net | $ | 3,534,706 |  |  | $ | 3,840,930 |  |  | $ | 306,224 |
Additional paid-in capital | $ | 7,394,646 |  |  | $ | 7,089,007 |  |  | $ | (305,639) |
Retained deficit | $ | (8,491,126) |  |  | $ | (8,422,904) |  |  | $ | 68,222 |

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