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Organization, Consolidation and Presentation of Financial Statements (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
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