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Organization, Consolidation and Presentation of Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents disaggregated revenue:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (In thousands)
Direct Revenue: |  |  |  |  |  |  |
Americas | $ | 374,388 |  |  | $ | 298,693 |  |  | $ | 718,650 |  |  | $ | 579,938 |
Europe | 196,542 |  |  | 154,050 |  |  | 385,601 |  |  | 310,540 |
APAC and Other | 123,392 |  |  | 93,998 |  |  | 245,252 |  |  | 191,087 |
Total Direct Revenue | 694,322 |  |  | 546,741 |  |  | 1,349,503 |  |  | 1,081,565 |
Indirect Revenue (principally advertising revenue) | 13,438 |  |  | 8,709 |  |  | 25,869 |  |  | 18,527 |
Total Revenue | $ | 707,760 |  |  | $ | 555,450 |  |  | $ | 1,375,372 |  |  | $ | 1,100,092 |
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:
| Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020
| Prior to the adoption of ASU No. 2020-06 |  | After adoption of ASU No. 2020-06 |  | Effect of adoption of ASU No. 2020-06 |  | 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, except per share data)
Statement of operations impacts |  |  |  |  |  |  |  |  |  |  |
Interest expense | $ | 45,647 |  |  | $ | 34,751 |  |  | $ | (10,896) |  |  | $ | 88,296 |  |  | $ | 66,645 |  |  | $ | (21,651) |
Income tax (provision) benefit | $ | (34,436) |  |  | $ | (36,856) |  |  | $ | (2,420) |  |  | $ | 16,311 |  |  | $ | 11,346 |  |  | $ | (4,965) |
Net earnings from continuing operations | $ | 132,921 |  |  | $ | 141,397 |  |  | $ | 8,476 |  |  | $ | 282,245 |  |  | $ | 298,931 |  |  | $ | 16,686 |
Net earnings per share from continuing operations: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.56 |  |  | $ | 0.61 |  |  | $ | 0.05 |  |  | $ | 1.21 |  |  | $ | 1.30 |  |  | $ | 0.09 |
Diluted | $ | 0.51 |  |  | $ | 0.54 |  |  | $ | 0.03 |  |  | $ | 1.10 |  |  | $ | 1.15 |  |  | $ | 0.05 |
Weighted average dilutive shares outstanding | 194,988 |  |  | 207,840 |  |  | 12,852 |  |  | 193,032 |  |  | 206,142 |  |  | 13,110 |
| 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)
Balance sheet impacts at December 31, 2020: |  |  |  |  |
Non-current deferred tax asset | $ | 224,013 |  |  | $ | 293,487 |  |  | $ | 69,474 |
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) |  |  | $ | (8,422,237) |  |  | $ | 68,889 |

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