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Condensed Consolidated Statements of Loss (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Total Revenue $ 227,704,000 $ 272,331,000 $ 679,868,000 $ 923,621,000
Cost of Revenue        
Total Cost of Revenue 142,453,000 198,094,000 440,787,000 669,023,000
Gross Profit 85,251,000 74,237,000 239,081,000 254,598,000
Selling, general and administrative expenses 57,620,000 62,907,000 176,214,000 196,887,000
Research and development expenses 51,615,000 62,752,000 172,253,000 203,493,000
Goodwill impairment 0 37,874,000 292,583,000 37,874,000
Operating Loss (23,984,000) (89,296,000) (401,969,000) (183,656,000)
Interest and dividend income 664,000 521,000 1,427,000 1,183,000
Interest expense (5,679,000) (4,507,000) (17,183,000) (11,858,000)
Net investment gain (loss) 1,382,000 (1,443,000) 4,507,000 1,071,000
Other (expense) income, net (850,000) 2,523,000 (441,000) 4,714,000
Loss Before Income Taxes (28,467,000) (92,202,000) (413,659,000) (188,546,000)
Income tax (expense) benefit (390,000) 16,553,000 16,121,000 36,229,000
Net Loss (28,857,000) (75,649,000) (397,538,000) (152,317,000)
Less: Net Income attributable to non-controlling interest [1] 2,382,000 2,561,000 7,417,000 4,380,000
Net Loss attributable to ADTRAN Holdings, Inc. $ (31,239,000) $ (78,210,000) $ (404,955,000) $ (156,697,000)
Weighted average shares outstanding – basic 78,952 78,389 78,873 78,378
Weighted average shares outstanding – diluted 78,952 78,389 78,873 78,378
Loss per common share attributable to ADTRAN Holdings, Inc. - basic $ (0.36) [2] $ (1) $ (5.1) [2] $ (2)
Loss per common share attributable to ADTRAN Holdings, Inc. - diluted $ (0.36) [2] $ (1) $ (5.1) [2] $ (2)
Network Solutions [Member]        
Revenue        
Total Revenue $ 181,488,000 $ 228,564,000 $ 541,955,000 $ 793,984,000
Cost of Revenue        
Total Cost of Revenue 126,103,000 160,244,000 376,886,000 596,334,000
Gross Profit 55,713,000 47,277,000 156,472,000 176,607,000
Network Solutions Other (Credits), Charges and Inventory Write-Down [Member]        
Cost of Revenue        
Total Cost of Revenue (328,000) 21,043,000 8,597,000 21,043,000
Services & Support [Member]        
Revenue        
Total Revenue 46,216,000 43,767,000 137,913,000 129,637,000
Cost of Revenue        
Total Cost of Revenue 16,678,000 16,807,000 55,304,000 51,646,000
Gross Profit $ 29,538,000 26,960,000 $ 82,609,000 $ 77,991,000
Goodwill impairment   $ 37,900,000    
[1] For the three and nine months ended September 30, 2024, we accrued $2.4 million and $7.4 million, respectively, net income attributable to non-controlling interest, representing the recurring cash compensation earned by non-controlling interest shareholders post-DPLTA. For the three and nine months ended September 30, 2023, we accrued $2.6 million and $7.6 million, respectively, representing the recurring cash compensation earned by non-controlling interest shareholders post-DPLTA, partially offset by a $3.2 million net loss attributable to non-controlling interests pre-DPLTA for the nine months ended September 30, 2023.
[2] Loss per common share attributable to ADTRAN Holdings, Inc. - basic and diluted - reflects a $3.0 million effect of redemption of RNCI for the three and nine months ended September 30, 2024. See Note 15 for additional information.