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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) The Company is disclosing the following summarized quarterly financial information due to the Commercial Business being reported as a discontinued operation as a result of the Commercial Divestiture. Refer to Note 5 “Divestitures” for additional information on the Commercial Divestiture.
(in thousands, except per share data) |  | March 31, 2023 |  | June 30, 2023 |  | September 30, 2023 |  | December 31, 2023
Revenue |  | $ | 1,277,311 |  |  | $ | 1,245,609 |  |  | $ | 1,237,484 |  |  | $ | 1,222,255 |
Operating income (loss) |  | $ | (25,549) |  |  | $ | 105,538 |  |  | $ | 167,313 |  |  | $ | 262,984 |
Income (loss) from continuing operations |  | $ | (126,781) |  |  | $ | (2,308) |  |  | $ | (20,665) |  |  | $ | 85,214 |
Income (loss) from discontinued operations, net of tax |  | $ | 7,944 |  |  | $ | 94,519 |  |  | $ | (65,572) |  |  | $ | 490,658 |
Net income (loss) |  | $ | (118,837) |  |  | $ | 92,211 |  |  | $ | (86,237) |  |  | $ | 575,872 |
Common Stock |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 854,299 |  |  | 857,581 |  |  | 857,423 |  |  | 858,094 |
Income (loss) from continuing operations per share |  | $ | (0.14) |  |  | $ | — |  |  | $ | (0.02) |  |  | $ | 0.09 |
Income (loss) from discontinued operations, net of tax, per share |  | $ | 0.01 |  |  | $ | 0.10 |  |  | $ | (0.07) |  |  | $ | 0.53 |
Net income (loss) |  | $ | (0.13) |  |  | $ | 0.10 |  |  | $ | (0.09) |  |  | $ | 0.62 |
Diluted: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 854,299 |  |  | 857,581 |  |  | 857,423 |  |  | 919,397 |
Income (loss) from continuing operations per share |  | $ | (0.14) |  |  | $ | — |  |  | $ | (0.02) |  |  | $ | 0.09 |
Income (loss) from discontinued operations, net of tax, per share |  | $ | 0.01 |  |  | $ | 0.10 |  |  | $ | (0.07) |  |  | $ | 0.50 |
Net income (loss) |  | $ | (0.13) |  |  | $ | 0.10 |  |  | $ | (0.09) |  |  | $ | 0.59 |
Class B Common Stock |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 54,745 |  |  | 54,745 |  |  | 54,745 |  |  | 54,745 |
Income (loss) from continuing operations per share |  | $ | (0.14) |  |  | $ | — |  |  | $ | (0.02) |  |  | $ | 0.09 |
Income (loss) from discontinued operations, net of tax, per share |  | $ | 0.01 |  |  | $ | 0.10 |  |  | $ | (0.07) |  |  | $ | 0.53 |
Net income (loss) |  | $ | (0.13) |  |  | $ | 0.10 |  |  | $ | (0.09) |  |  | $ | 0.62 |
Diluted: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 54,745 |  |  | 54,745 |  |  | 54,745 |  |  | 54,745 |
Income (loss) from continuing operations per share |  | $ | (0.14) |  |  | $ | — |  |  | $ | (0.02) |  |  | $ | 0.09 |
Income (loss) from discontinued operations, net of tax, per share |  | $ | 0.01 |  |  | $ | 0.10 |  |  | $ | (0.07) |  |  | $ | 0.50 |
Net income (loss) |  | $ | (0.13) |  |  | $ | 0.10 |  |  | $ | (0.09) |  |  | $ | 0.59 |
(in thousands, except per share data) |  | March 31, 2022 |  | June 30, 2022 |  | September 30, 2022 |  | December 31, 2022
Revenue |  | $ | 1,256,897 |  |  | $ | 1,304,314 |  |  | $ | 1,289,793 |  |  | $ | 1,317,326 |
Operating income (loss) |  | $ | 72,898 |  |  | $ | 200,013 |  |  | $ | 2,629 |  |  | $ | 195,439 |
Income (loss) from continuing operations |  | $ | 49,279 |  |  | $ | 84,532 |  |  | $ | (169,115) |  |  | $ | 142,167 |
Income (loss) from discontinued operations, net of tax |  | $ | 2,366 |  |  | $ | 6,985 |  |  | $ | 7,866 |  |  | $ | 8,583 |
Net income (loss) |  | $ | 51,645 |  |  | $ | 91,517 |  |  | $ | (161,249) |  |  | $ | 150,750 |
Common Stock |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 843,830 |  |  | 848,242 |  |  | 850,230 |  |  | 851,459 |
Income (loss) from continuing operations per share |  | $ | 0.05 |  |  | $ | 0.09 |  |  | $ | (0.19) |  |  | $ | 0.16 |
Income (loss) from discontinued operations, net of tax, per share |  | $ | — |  |  | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | 0.01 |
Net income (loss) |  | $ | 0.06 |  |  | $ | 0.10 |  |  | $ | (0.18) |  |  | $ | 0.17 |
Diluted: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 911,313 |  |  | 910,808 |  |  | 850,230 |  |  | 921,501 |
Income (loss) from continuing operations per share |  | $ | 0.05 |  |  | $ | 0.09 |  |  | $ | (0.19) |  |  | $ | 0.15 |
Income (loss) from discontinued operations, net of tax, per share |  | $ | — |  |  | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | 0.01 |
Net income (loss) |  | $ | 0.06 |  |  | $ | 0.10 |  |  | $ | (0.18) |  |  | $ | 0.16 |
Class B Common Stock |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 54,745 |  |  | 54,745 |  |  | 54,745 |  |  | 54,745 |
Income (loss) from continuing operations per share |  | $ | 0.05 |  |  | $ | 0.09 |  |  | $ | (0.19) |  |  | $ | 0.16 |
Income (loss) from discontinued operations, net of tax, per share |  | $ | — |  |  | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | 0.01 |
Net income (loss) |  | $ | 0.06 |  |  | $ | 0.10 |  |  | $ | (0.18) |  |  | $ | 0.17 |
Diluted: |  |  |  |  |  |  |  |
Weighted average shares outstanding |  | 54,745 |  |  | 54,745 |  |  | 54,745 |  |  | 54,745 |
Income (loss) from continuing operations per share |  | $ | 0.05 |  |  | $ | 0.09 |  |  | $ | (0.19) |  |  | $ | 0.15 |
Income (loss) from discontinued operations, net of tax, per share |  | $ | — |  |  | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | 0.01 |
Net income (loss) |  | $ | 0.06 |  |  | $ | 0.10 |  |  | $ | (0.18) |  |  | $ | 0.16 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//270/tableOfContent + Details
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