XML 35 R22.htm IDEA: XBRL DOCUMENT
v3.21.2

Organization, Consolidation and Presentation of Financial Statements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents disaggregated revenue:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (In thousands)
Direct Revenue: |  |  |  |  |  |  |
Americas | $ | 393,613 |  |  | $ | 336,792 |  |  | $ | 1,112,263 |  |  | $ | 916,730 |
Europe | 217,680 |  |  | 181,627 |  |  | 603,281 |  |  | 492,167 |
APAC and Other | 174,432 |  |  | 109,847 |  |  | 419,684 |  |  | 300,934 |
Total Direct Revenue | 785,725 |  |  | 628,266 |  |  | 2,135,228 |  |  | 1,709,831 |
Indirect Revenue (principally advertising revenue) | 16,110 |  |  | 11,504 |  |  | 41,979 |  |  | 30,031 |
Total Revenue | $ | 801,835 |  |  | $ | 639,770 |  |  | $ | 2,177,207 |  |  | $ | 1,739,862 |
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 September 30, 2020 |  | Nine Months Ended September 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 | $ | 43,189 |  |  | $ | 32,009 |  |  | $ | (11,180) |  |  | $ | 131,485 |  |  | $ | 98,654 |  |  | $ | (32,831) |
Income tax provision | $ | (23,568) |  |  | $ | (26,122) |  |  | $ | (2,554) |  |  | $ | (7,257) |  |  | $ | (14,776) |  |  | $ | (7,519) |
Net earnings from continuing operations | $ | 131,487 |  |  | $ | 140,113 |  |  | $ | 8,626 |  |  | $ | 413,732 |  |  | $ | 439,044 |  |  | $ | 25,312 |
Net earnings per share from continuing operations:
Basic | $ | 0.51 |  |  | $ | 0.54 |  |  | $ | 0.03 |  |  | $ | 1.69 |  |  | $ | 1.81 |  |  | $ | 0.12 |
Diluted | $ | 0.45 |  |  | $ | 0.47 |  |  | $ | 0.02 |  |  | $ | 1.53 |  |  | $ | 1.59 |  |  | $ | 0.06 |
Weighted average dilutive shares outstanding | 289,950 |  |  | 305,696 |  |  | 15,746 |  |  | 225,399 |  |  | 239,398 |  |  | 13,999 |
| 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 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration