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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Components of System Assets | The following table sets forth the gross carrying amount and accumulated depreciation of the Company’s subscriber system assets as of March 31, 2018 and December 31, 2017.
(in thousands) | March 31, 2018 |  | December 31, 2017
Gross carrying amount | $ | 3,891,719 |  |  | $ | 3,762,905 |
Accumulated depreciation | (1,001,074 | ) |  | (870,222 | )
Subscriber system assets, net | $ | 2,890,645 |  |  | $ | 2,892,683 |
Schedule of Accrued Liabilities | Accrued expenses and other current liabilities as of March 31, 2018 and December 31, 2017 consisted of the following:
(in thousands) | March 31, 2018 |  | December 31, 2017
Accrued interest | $ | 144,905 |  |  | $ | 91,592 |
Payroll-related accruals | 63,972 |  |  | 94,501 |
Other accrued liabilities | 201,769 |  |  | 165,247 |
Total accrued expenses and other current liabilities | $ | 410,646 |  |  | $ | 351,340 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments and Securities | The carrying values and fair values of the Company’s debt and Koch Preferred Securities that are subject to fair value disclosures as of March 31, 2018 and December 31, 2017 were as follows:
| March 31, 2018 |  | December 31, 2017
(in thousands) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Debt instruments, excluding capital lease obligations | $ | 9,537,663 |  |  | $ | 9,914,144 |  |  | $ | 10,128,020 |  |  | $ | 10,868,626 |
Koch Preferred Securities | $ | 708,111 |  |  | $ | 942,500 |  |  | $ | 682,449 |  |  | $ | 924,700 |
Impact of New Accounting Pronouncements on Financial Statements | The impact to the lines items in the Condensed Consolidated Balance Sheet were as follows:
|  | Balance at |  | Revenue Standard Adoption Adjustment |  | Balance at
(in thousands) |  | December 31, 2017 |  |  | January 1, 2018
Assets |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 73,358 |  |  | $ | 6,615 |  |  | $ | 79,973 |
Deferred subscriber acquisition costs, net |  | 282,478 |  |  | 33,380 |  |  | 315,858 |
Other assets |  | 123,967 |  |  | 6,321 |  |  | 130,288 |
Liabilities |  |  |  |  |  |
Deferred tax liabilities |  | 1,376,708 |  |  | 11,886 |  |  | 1,388,594 |
Stockholders' Equity |  |  |  |  |  |
Accumulated deficit |  | (998,212 | ) |  | 34,430 |  |  | (963,782 | )
The impact from the adoption of the new revenue standard on the Company’s condensed consolidated financial statements as of and for the three months ended March 31, 2018 was as follows:
|  |  |  | Balances without |  | Effect of Adoption
Statement of Operations (in thousands) |  | As Reported |  | Adoption of Standard |  | Increase / (Decrease)
Monitoring and related services |  | $ | 1,017,292 |  |  | $ | 1,018,650 |  |  | $ | (1,358 | )
Installation and other |  | 99,156 |  |  | 97,277 |  |  | 1,879 |
Total revenue |  | 1,116,448 |  |  | 1,115,927 |  |  | 521 |
Cost of revenue (exclusive of depreciation and amortization shown separately below) |  | 248,394 |  |  | 248,394 |  |  | — |
Selling, general and administrative expenses(1) |  | 304,970 |  |  | 311,211 |  |  | (6,241 | )
Depreciation and intangible asset amortization |  | 483,676 |  |  | 483,676 |  |  | — |
Merger, restructuring, integration, and other costs |  | 8,023 |  |  | 8,023 |  |  | — |
Operating income |  | 71,385 |  |  | 64,623 |  |  | 6,762 |
Interest expense, net |  | (174,333 | ) |  | (174,333 | ) |  | — |
Loss on extinguishment of debt |  | (61,597 | ) |  | (61,597 | ) |  | — |
Other (expense) income |  | (460 | ) |  | (460 | ) |  | — |
Loss before income taxes |  | (165,005 | ) |  | (171,767 | ) |  | 6,762 |
Income tax benefit |  | 7,568 |  |  | 9,225 |  |  | (1,657 | )
Net loss |  | $ | (157,437 | ) |  | $ | (162,542 | ) |  | $ | 5,105 |
_________________
(1) | Included in the effect of adoption is approximately $5 million associated with non-cash amortization expense of deferred subscriber acquisition costs.
|  |  |  | Balances without |  | Effect of Adoption
Balance Sheet (in thousands) |  | As Reported |  | Adoption of Standard |  | Increase / (Decrease)
Assets |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 102,349 |  |  | $ | 95,108 |  |  | $ | 7,241 |
Deferred subscriber acquisition costs, net |  | 342,913 |  |  | 302,947 |  |  | 39,966 |
Other assets |  | 131,988 |  |  | 126,117 |  |  | 5,871 |
Liabilities |  |  |  |  |  |
Deferred tax liabilities |  | 1,381,723 |  |  | 1,368,180 |  |  | 13,543 |
Stockholders' Equity |  |  |  |  |  |
Accumulated deficit |  | (1,148,059 | ) |  | (1,187,594 | ) |  | 39,535 |
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the Condensed Consolidated Balance Sheets to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows:
(in thousands) | March 31, 2018 |  | December 31, 2017
Cash and cash equivalents | $ | 258,195 |  |  | $ | 122,899 |
Current portion of restricted cash and cash equivalents | 3,883 |  |  | 3,883 |
Noncurrent restricted cash and cash equivalents | 750,000 |  |  | — |
Total cash, cash equivalents, and restricted cash at the end of period | $ | 1,012,078 |  |  | $ | 126,782 |

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