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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The carrying amounts of the major classes of assets and liabilities, classified as held for sale in the consolidated balance sheets, were as follows:
(in thousands) | December 31, 2020
ASSETS |
Inventory | $ | 5,746 |
Prepaid expenses and other | 47,003 |
Property, plant and equipment, net | 299,647 |
Intangible assets, net | 176,459 |
Goodwill | 146,383 |
Operating lease right-of-use assets | 421,586 |
Deferred charges and other assets | 36,470 |
Current assets held for sale | $ | 1,133,294 |
LIABILITIES |
Current operating lease liabilities | $ | 409,887 |
Accrued liabilities and other | 8,770 |
Asset retirement obligations | 33,545 |
Current liabilities held for sale | $ | 452,202 |
Income from discontinued operations, net of tax in the consolidated statements of comprehensive income consist of the following:
(in thousands) | Three Months Ended September 30, |  | Nine Months Ended September 30,
Revenue: | 2021 |  | 2020 |  | 2021 |  | 2020
Service revenue and other | $ | — |  |  | $ | 100,963 |  |  | $ | 201,076 |  |  | $ | 302,488 |
Equipment revenue | — |  |  | 9,862 |  |  | 12,253 |  |  | 32,222 |
Total revenue | — |  |  | 110,825 |  |  | 213,329 |  |  | 334,710 |
Operating expenses: |  |  |  |  |  |  |
Cost of services | — |  |  | 28,567 |  |  | 38,144 |  |  | 95,242 |
Cost of goods sold | — |  |  | 9,600 |  |  | 11,964 |  |  | 31,565 |
Selling, general and administrative | — |  |  | 7,696 |  |  | 17,514 |  |  | 25,931 |
Severance expense | — |  |  | — |  |  | 465 |  |  | — |
Depreciation and amortization | — |  |  | 15,077 |  |  | — |  |  | 62,804 |
Total operating expenses | — |  |  | 60,940 |  |  | 68,087 |  |  | 215,542 |
Operating income | — |  |  | 49,885 |  |  | 145,242 |  |  | 119,168 |
Other (expense) income: |  |  |  |  |  |  |
Debt extinguishment | (11,032) |  |  | — |  |  | (11,032) |  |  | — |
Interest expense and other, net | (733) |  |  | (4,508) |  |  | (9,434) |  |  | (15,477) |
Gain on sale of disposition of Wireless assets and operations | 1,224,815 |  |  | — |  |  | 1,224,815 |  |  | — |
Income before income taxes | 1,213,050 |  |  | 45,377 |  |  | 1,349,591 |  |  | 103,691 |
Income tax expense | 326,724 |  |  | 11,868 |  |  | 363,227 |  |  | 27,269 |
Income from discontinued operations, net of tax | $ | 886,326 |  |  | $ | 33,509 |  |  | $ | 986,364 |  |  | $ | 76,422 |

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