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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
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, 2023December 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, 2022December 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