Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
In Billions, except Share data, unless otherwise specified | Dec. 31, 2013 | Feb. 14, 2014 | Jun. 30, 2013 |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'SBA Communications Corp | ' | ' |
Entity Central Index Key | '0001034054 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 128,506,612 | ' |
Entity Public Float | ' | ' | $9.40 |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Trading Symbol | 'SBAC | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $122,112 | $233,099 |
Restricted cash | 47,305 | 27,708 |
Short-term investments | 5,446 | 5,471 |
Accounts receivable, net of allowance of $686 and $246 at September 30, 2013 and December 31, 2012, respectively | 71,339 | 39,099 |
Costs and estimated earnings in excess of billings on uncompleted contracts | 27,864 | 23,644 |
Prepaid and other current assets | 69,586 | 59,836 |
Total current assets | 343,652 | 388,857 |
Property and equipment, net | 2,578,444 | 2,671,317 |
Intangible assets, net | 3,387,198 | 3,134,133 |
Deferred financing fees, net | 73,042 | 66,324 |
Other assets | 400,852 | 355,280 |
Total assets | 6,783,188 | 6,615,911 |
Current Liabilities | ' | ' |
Accounts Payable | 24,302 | 27,694 |
Accrued expenses | 86,131 | 42,052 |
Current maturities of long-term debt | 481,886 | 475,351 |
Deferred revenue | 94,658 | 76,668 |
Accrued interest | 46,689 | 46,233 |
Other current liabilities | 14,007 | 195,690 |
Total current liabilities | 747,673 | 863,688 |
Long-term liabilities: | ' | ' |
Long-term debt | 5,394,721 | 4,880,752 |
Other long-term liabilities | 283,828 | 206,769 |
Total long-term liabilities | 5,678,549 | 5,087,521 |
Redeemable noncontrolling interests | ' | 11,711 |
Shareholders' equity: | ' | ' |
Preferred stock - par value $.01, 30,000 shares authorized, no shares issued or outstanding | ' | ' |
Additional paid in capital | 2,907,446 | 3,111,107 |
Accumulated deficit | -2,518,085 | -2,462,176 |
Accumulated other comprehensive income (loss), net | -33,679 | 2,791 |
Total shareholders' equity | 356,966 | 652,991 |
Total liabilities and shareholders' equity | $6,783,188 | $6,615,911 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Accounts receivable, allowance | $686 | $246 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 30,000,000 | 30,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Class A Common Stock [Member] | ' | ' |
Common stock - Class A, par value | $0.01 | $0.01 |
Common stock - Class A, shares authorized | 400,000,000 | 400,000,000 |
Common stock - Class A, shares issued | 128,432,000 | 126,933,000 |
Common stock - Class A, shares outstanding | 128,432,000 | 126,933,000 |
Consolidated_Statements_Of_Ope
Consolidated Statements Of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues: | ' | ' | ' |
Site leasing | $1,133,013 | $846,094 | $616,294 |
Site development | 171,853 | 107,990 | 81,876 |
Total revenues | 1,304,866 | 954,084 | 698,170 |
Operating expenses: | ' | ' | ' |
Cost of site leasing | 270,772 | 188,951 | 131,916 |
Cost of site development | 137,481 | 90,556 | 71,005 |
Selling, general, and administrative | 85,476 | 72,148 | 62,828 |
Acquisition related expenses | 19,198 | 40,433 | 7,144 |
Asset impairment and decommission costs | 28,960 | 6,383 | 5,472 |
Depreciation, accretion, and amortization | 533,334 | 408,467 | 309,146 |
Total operating expenses | 1,075,221 | 806,938 | 587,511 |
Operating income | 229,645 | 147,146 | 110,659 |
Other income (expense): | ' | ' | ' |
Interest income | 1,794 | 1,128 | 136 |
Interest expense | -249,051 | -196,241 | -160,896 |
Non-cash interest expense | -49,085 | -70,110 | -63,629 |
Amortization of deferred financing fees | -15,560 | -12,870 | -9,188 |
Loss from extinguishment of debt, net | -6,099 | -51,799 | -1,696 |
Other income (expense) | 31,138 | 5,654 | -165 |
Total other expense | -286,863 | -324,238 | -235,438 |
Loss before provision for income taxes | -57,218 | -177,092 | -124,779 |
Benefit (provision) for income taxes | 1,309 | -6,594 | -2,113 |
Net loss from continuing operations | -55,909 | -183,686 | -126,892 |
Income from discontinued operations, net of income taxes | ' | 2,296 | ' |
Net loss | -55,909 | -181,390 | -126,892 |
Net loss attributable to the noncontrolling interest | ' | 353 | 436 |
Net loss attributable to SBA Communications Corporation | ($55,909) | ($181,037) | ($126,456) |
Basic and diluted per common share amounts: | ' | ' | ' |
Loss from continuing operations | ($0.44) | ($1.53) | ($1.14) |
Income from discontinued operations | ' | $0.02 | ' |
Net loss per common share | ($0.44) | ($1.51) | ($1.14) |
Basic and diluted weighted average number of common shares | 127,769 | 120,280 | 111,595 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Loss (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Consolidated Statements Of Comprehensive Loss [Abstract] | ' | ' | ' |
Net loss from continuing operations | ($55,909) | ($183,686) | ($126,892) |
Income from discontinued operations, net of taxes | ' | 2,296 | ' |
Foreign currency translation adjustments | -36,470 | 2,306 | -1,728 |
Comprehensive loss | -92,379 | -179,084 | -128,620 |
Comprehensive loss attributable to the noncontrolling interest | ' | 353 | 436 |
Comprehensive loss attributable to SBA Communications Corp. | ($92,379) | ($178,731) | ($128,184) |
Consolidated_Statements_Of_Sha
Consolidated Statements Of Shareholders' Equity (Deficit) (USD $) | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive (Loss) Income [Member] | Shares - Hedge [Member] | Shares - Warrant [Member] | Total |
In Thousands, except Share data | Shares - Hedge [Member] | Shares - Warrant [Member] | USD ($) | Shares - Hedge [Member] | Shares - Warrant [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) |
USD ($) | USD ($) | USD ($) | |||||||||
BALANCE, Amount at Dec. 31, 2010 | ' | ' | $1,148 | ' | ' | $2,243,457 | ($1,929,670) | $2,175 | ' | ' | $317,110 |
BALANCE, Shares at Dec. 31, 2010 | ' | ' | 114,832,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss attributable to SBA Communications | ' | ' | ' | ' | ' | ' | -126,456 | ' | ' | ' | -126,456 |
Common stock issued in connection with stock purchase/option plans, Amount | ' | ' | 8 | ' | ' | 15,793 | ' | ' | ' | ' | 15,801 |
Common stock issued in connection with stock purchase/option plans, Shares | ' | ' | 761,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash compensation | ' | ' | ' | ' | ' | 11,639 | ' | ' | ' | ' | 11,639 |
Equity component related to repurchase of convertible debt | ' | ' | ' | ' | ' | -2,607 | ' | ' | ' | ' | -2,607 |
Repurchase and retirement of common stock, Amount | ' | ' | -59 | ' | ' | ' | -225,013 | ' | ' | ' | -225,072 |
Repurchase and retirement of common stock, Shares | ' | ' | -5,918,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustments | ' | ' | ' | ' | ' | -38 | ' | -1,690 | ' | ' | -1,728 |
BALANCE, Amount at Dec. 31, 2011 | ' | ' | 1,097 | ' | ' | 2,268,244 | -2,281,139 | 485 | ' | ' | -11,313 |
BALANCE, Shares at Dec. 31, 2011 | ' | ' | 109,675,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss attributable to SBA Communications | ' | ' | ' | ' | ' | ' | -181,037 | ' | ' | ' | -181,037 |
Common stock issued in connection with stock purchase/option plans, Amount | ' | ' | 14 | ' | ' | 31,138 | ' | ' | ' | ' | 31,152 |
Common stock issued in connection with stock purchase/option plans, Shares | ' | ' | 1,414,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash compensation | ' | ' | ' | ' | ' | 14,202 | ' | ' | ' | ' | 14,202 |
Equity component related to repurchase of convertible debt | ' | ' | ' | ' | ' | -41,569 | ' | ' | ' | ' | -41,569 |
Common stock issued in connection with acquisitions, Amount | ' | ' | 98 | ' | ' | 555,280 | ' | ' | ' | ' | 555,378 |
Common stock issued in connection with acquisitions, Shares | ' | ' | 9,839,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of common stock, Amount | ' | ' | 60 | ' | ' | 283,812 | ' | ' | ' | ' | 283,872 |
Proceeds from sale of common stock, Shares | ' | ' | 6,005,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustments | ' | ' | ' | ' | ' | ' | ' | 2,306 | ' | ' | 2,306 |
BALANCE, Amount at Dec. 31, 2012 | ' | ' | 1,269 | ' | ' | 3,111,107 | -2,462,176 | 2,791 | ' | ' | 652,991 |
BALANCE, Shares at Dec. 31, 2012 | ' | ' | 126,933,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss attributable to SBA Communications | ' | ' | ' | ' | ' | ' | -55,909 | ' | ' | ' | -55,909 |
Common stock issued in connection with stock purchase/option plans, Amount | ' | ' | 7 | ' | ' | 10,198 | ' | ' | ' | ' | 10,205 |
Common stock issued in connection with stock purchase/option plans, Shares | ' | ' | 740,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash compensation | ' | ' | ' | ' | ' | 17,422 | ' | ' | ' | ' | 17,422 |
Adjustment associated with the acquisition of noncontrolling interest | ' | ' | ' | ' | ' | 5,703 | ' | ' | ' | ' | 5,703 |
Settlement of convertible notes, Amount | ' | ' | 4 | ' | ' | -321,925 | ' | ' | ' | ' | -321,921 |
Settlement of convertible notes, Shares | -82,000 | ' | 439,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Settlement of convertible note hedges and common stock warrants, Amount | ' | 4 | ' | 182,856 | -97,915 | ' | ' | ' | 182,856 | -97,911 | ' |
Settlement of convertible note hedges and common stock warrants, Shares | ' | 402,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustments | ' | ' | ' | ' | ' | ' | ' | -36,470 | ' | ' | -36,470 |
BALANCE, Amount at Dec. 31, 2013 | ' | ' | $1,284 | ' | ' | $2,907,446 | ($2,518,085) | ($33,679) | ' | ' | $356,966 |
BALANCE, Shares at Dec. 31, 2013 | ' | ' | 128,432,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net loss | ($55,909) | ($181,390) | ($126,892) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ' | ' | ' |
Income from discontinued operations, net of income taxes | ' | -2,296 | ' |
Depreciation, accretion, and amortization | 533,334 | 408,467 | 309,146 |
Non-cash interest expense | 49,085 | 70,110 | 63,629 |
Deferred income tax (benefit) expense | -6,642 | 1,360 | -1,686 |
Non-cash asset impairment and decommission costs | 23,819 | 6,383 | 5,472 |
Non-cash compensation expense | 17,205 | 13,968 | 11,469 |
Amortization of deferred financing fees | 15,560 | 12,870 | 9,188 |
Loss from extinguishment of debt, net | 6,099 | 51,799 | 1,696 |
Gain on sale/settlement of bankruptcy claim on convertible hedge | -27,870 | -4,952 | ' |
Other non-cash items reflected in the Statements of Operations | -380 | -365 | 768 |
Changes in operating assets and liabilities, net of acquisitions: | ' | ' | ' |
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net | -29,097 | -18,804 | -3,709 |
Prepaid and other assets | -81,458 | -82,759 | -27,425 |
Accounts payable and accrued expenses | 1,530 | 8,251 | 3,814 |
Accrued interest | 4,651 | 13,882 | 58 |
Other liabilities | 47,660 | 44,390 | 3,530 |
Net cash provided by operating activities | 497,587 | 340,914 | 249,058 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Acquisitions and related earn-outs | -686,703 | -2,258,655 | -379,320 |
Capital expenditures | -168,893 | -113,265 | -126,938 |
Proceeds from sale of DAS networks | ' | 100,000 | ' |
Return of principal on long-term notes | 26,000 | ' | ' |
Other investing activities | 3,074 | -3,131 | -1,630 |
Net cash used in investing activities | -826,522 | -2,275,051 | -507,888 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings under Revolving Credit Facility | 340,000 | 584,000 | 250,000 |
Repayments under Revolving Credit Facility | -225,000 | -484,000 | -270,000 |
Proceeds from sale of common stock, net of fees | ' | 283,872 | ' |
Proceeds from sale/settlement of bankruptcy claim on convertible hedge | 27,870 | 4,952 | ' |
Proceeds from employee stock purchase/stock option plans | 10,205 | 31,152 | 15,801 |
Payments on settlement of convertible debt | -794,997 | -107,493 | -17,038 |
Proceeds from settlement of convertible note hedges | 182,855 | ' | ' |
Payments for settlement of common stock warrants | -97,912 | ' | ' |
Repurchase and retirement of common stock | ' | ' | -225,072 |
Other financing activities | -15,525 | -5,787 | -1,704 |
Net cash provided by financing activities | 220,161 | 2,116,412 | 242,047 |
Effect of exchange rate changes on cash and cash equivalents | -2,213 | 1,212 | -155 |
Net cash provided by discontinued operations from operating activities | ' | 2,296 | ' |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -110,987 | 185,783 | -16,938 |
CASH AND CASH EQUIVALENTS: | ' | ' | ' |
Beginning of year | 233,099 | 47,316 | 64,254 |
End of year | 122,112 | 233,099 | 47,316 |
Cash paid during the period for: | ' | ' | ' |
Interest | 244,123 | 182,474 | 161,257 |
Income taxes | 6,645 | 5,304 | 4,218 |
SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH INVESTING & FINANCING ACTIVITIES: | ' | ' | ' |
Assets acquired through capital leases | 1,239 | 2,509 | 2,570 |
Issuance of stock for acquisitions | ' | 555,378 | ' |
Issuance of stock for conversion of debt, hedges, and warrants | 18,159 | ' | ' |
Promissory note received in connection with disposition of DAS assets | ' | 25,000 | ' |
Deferred payment on Brazil acquired assets | ' | 175,890 | ' |
Mobilitie Bridge Loan [Member] | ' | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from Long Term Debt, net of fees | ' | 395,000 | ' |
Repayment of Debt Amount | ' | -400,000 | ' |
5.625% and 5.75% Senior Notes [Member] | ' | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from Long Term Debt, net of fees | ' | 1,277,729 | ' |
2012 Secured Tower Revenue Securities [Member] | ' | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from Long Term Debt, net of fees | ' | 596,083 | ' |
Term Loan under the Senior Credit Agreement [Member] | ' | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from Term Loans, net of fees | ' | 493,107 | 492,560 |
Repayment of Term Loans | -512,000 | -10,000 | -2,500 |
8.0% Notes and 8.25% Notes [Member] | ' | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Repayment of Debt Amount | ' | -542,203 | ' |
Tower Securities [Member] | ' | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from issuance of debt | $1,304,665 | ' | ' |
Consolidated_Statements_Of_Cas1
Consolidated Statements Of Cash Flows (Parenthetical) | Dec. 31, 2013 | Dec. 31, 2013 |
8.0% Notes [Member] | 8.25% Notes [Member] | |
Debt instrument stated percentage | 8.00% | 8.25% |
General
General | 12 Months Ended |
Dec. 31, 2013 | |
General [Abstract] | ' |
General | ' |
1.GENERAL | |
SBA Communications Corporation (the “Company” or “SBA”) was incorporated in the State of Florida in March 1997. The Company is a holding company that holds all of the outstanding capital stock of SBA Telecommunications, LLC (formerly known as SBA Telecommunications, Inc.) (“Telecommunications”). Telecommunications is a holding company that holds the outstanding capital stock of SBA Senior Finance, LLC (formerly known as SBA Senior Finance, Inc.) (“SBA Senior Finance”) and SBA Towers V, LLC (“SBA Towers V”), an operating subsidiary that is not a party to any loan agreement. SBA Towers V also owns the interest in our Brazilian subsidiaries. SBA Senior Finance is a holding company that holds, directly or indirectly, the equity interest in certain subsidiaries that issued the Secured Tower Revenue Securities Series 2010-1 (the “2010-1 Tower Securities”), the Secured Tower Revenue Securities Series 2010-2 (the “2010-2 Tower Securities” and together with the 2010-1 Tower Securities, the “2010 Tower Securities”), the Secured Tower Revenue Securities Series 2012-1 (the “2012-1 Tower Securities”), the Secured Tower Revenue Securities Series 2013-1C (the “2013-1C Tower Securities”), the Secured Tower Revenue Securities Series 2013-2C (the “2013-2C Tower Securities”), and the Secured Tower Revenue Securities 2013-1D (the “2013-1D Tower Securities” and together with the 2013-1C Tower Securities and 2013-2C Tower Securities, the “2013 Tower Securities” and together with the 2010 Tower Securities and 2012-1 Tower Securities, the “Tower Securities”) and certain subsidiaries that were not involved in the issuance of the Tower Securities. With respect to the subsidiaries involved in the issuance of the Tower Securities, SBA Senior Finance is the sole member of SBA Holdings, LLC and SBA Depositor, LLC. SBA Holdings, LLC is the sole member of SBA Guarantor, LLC. SBA Guarantor, LLC holds all of the capital stock of the companies referred to as the “Borrowers” under the Tower Securities (see Note 13). With respect to subsidiaries not involved in the issuance of the Tower Securities, SBA Senior Finance holds all of the membership interests in SBA Senior Finance II, LLC (“SBA Senior Finance II”) and certain non-operating subsidiaries. SBA Senior Finance II holds, directly or indirectly, all the capital stock of the International subsidiaries, with the exception of our Brazilian subsidiaries, and certain other tower companies (known as “Tower Companies”). SBA Senior Finance II also holds, directly or indirectly, all the capital stock and/or membership interests of certain other subsidiaries involved in providing services, including SBA Network Services, LLC (formerly known as SBA Network Services, Inc.), (“Network Services”) as well as SBA Network Management, Inc. (“Network Management”) which manages and administers the operations of the Borrowers. | |
The table below outlines the legal structure of the Company at December 31, 2013: | |
LOGO | |
As of December 31, 2013, the Company owned and operated wireless towers in the United States and its territories. In addition, the Company owned towers in Brazil, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, and Panama. Space on these towers is leased primarily to wireless service providers. As of December 31, 2013, the Company owned and operated 20,079 towers. | |
Effective January 1, 2014, the Brazilian subsidiaries have been transferred to, and are owned by, SBA Senior Finance II, LLC. | |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Summary Of Significant Accounting Policies [Abstract] | ' | |||||||||
Summary Of Significant Accounting Policies | ' | |||||||||
2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||||
A summary of the significant accounting policies applied in the preparation of the accompanying consolidated financial statements is as follows: | ||||||||||
Principles of Consolidation | ||||||||||
The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the Company and its majority and wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||||||||||
Use of Estimates | ||||||||||
The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The significant estimates made by management relate to the allowance for doubtful accounts, the costs and revenue relating to the Company’s construction contracts, stock-based compensation assumptions, valuation allowance related to deferred tax assets, fair value of long-lived assets, the useful lives of towers and intangible assets, anticipated property tax assessments, fair value of investments and asset retirement obligations. Management develops estimates based on historical experience and on various assumptions about the future that are believed to be reasonable based on the information available. These estimates ultimately may differ from actual results and such differences could be material. | ||||||||||
Cash and Cash Equivalents | ||||||||||
Cash and cash equivalents consist primarily of cash in banks, money market funds, commercial paper and other marketable securities with an original maturity of three months or less at the time of purchase. These investments are carried at cost, which approximates fair value. | ||||||||||
Investments | ||||||||||
Investment securities with original maturities of more than three months but less than one year at time of purchase are considered short-term investments. The Company’s short-term investments primarily consist of certificates of deposit with maturities of less than a year. Investment securities with maturities of more than a year are considered long-term investments and are classified in other assets on the accompanying Consolidated Balance Sheets. Long-term investments primarily consist of U.S. Treasuries, mutual funds, and preferred securities. Gross purchases and sales of the Company’s investments are presented within “Cash flows from investing activities” on the Company’s Consolidated Statements of Cash Flows. | ||||||||||
The Company accounts for its equity investments in privately held companies under the cost method. The aggregate carrying value of the Company’s cost-method investments was approximately $51.7 million as of both December 31, 2013 and December 31, 2012 and is classified within other assets on the Company’s consolidated balance sheets. | ||||||||||
The Company evaluates its cost-method investments for impairment at least annually. The Company determines the fair value of its cost-method investments by considering available evidence, including general market conditions, the investee’s financial condition, near-term prospects, market comparables and subsequent rounds of financing. The Company measures and records its cost-method investments at fair value when they are deemed to be other-than-temporarily impaired. The Company did not recognize any impairment loss during the years ended December 31, 2013, December 31, 2012, and December 31, 2011. | ||||||||||
Restricted Cash | ||||||||||
The Company classifies all cash pledged as collateral to secure certain obligations and all cash whose use is limited as restricted cash. This includes cash held in escrow to fund certain reserve accounts relating to the Tower Securities as well as for payment and performance bonds and surety bonds issued for the benefit of the Company in the ordinary course of business (see Note 4). | ||||||||||
Property and Equipment | ||||||||||
Property and equipment are recorded at cost or at estimated fair value (in the case of acquired properties), adjusted for asset impairment and estimated asset retirement obligations. Costs associated with the development and construction of towers are capitalized as a cost of the towers. Costs for self-constructed towers include direct materials and labor, indirect costs and capitalized interest. Approximately $0.1 million, $0.3 million, and $0.5 million of interest cost was capitalized in 2013, 2012 and 2011, respectively. | ||||||||||
Depreciation on towers and related components is provided using the straight-line method over the estimated useful lives, not to exceed the minimum lease term of the underlying ground lease. The Company defines the minimum lease term as the shorter of the period from lease inception through the end of the term of all tenant lease obligations in existence at ground lease inception, including renewal periods, or the ground lease term, including renewal periods. If no tenant lease obligation exists at the date of ground lease inception, the initial term of the ground lease is considered the minimum lease term. Leasehold improvements are amortized on a straight-line basis over the shorter of the useful life of the improvement or the minimum lease term of the lease. For all other property and equipment, depreciation is provided using the straight-line method over the estimated useful lives. | ||||||||||
The Company performs ongoing evaluations of the estimated useful lives of its property and equipment for depreciation purposes. The estimated useful lives are determined and continually evaluated based on the period over which services are expected to be rendered by the asset. If the useful lives of assets are reduced, depreciation may be accelerated in future years. Property and equipment under capital leases are amortized on a straight-line basis over the term of the lease or the remaining estimated life of the leased property, whichever is shorter, and the related amortization is included in depreciation expense. Expenditures for maintenance and repair are expensed as incurred. | ||||||||||
Asset classes and related estimated useful lives are as follows: | ||||||||||
Towers and related components | 3 - 15 years | |||||||||
Furniture, equipment and vehicles | 2 - 7 years | |||||||||
Buildings and improvements | 5 - 10 years | |||||||||
Betterments, improvements, and significant repairs, which increase the value or extend the life of an asset, are capitalized and depreciated over the remaining estimated useful life of the respective asset. Changes in an asset’s estimated useful life are accounted for prospectively, with the book value of the asset at the time of the change being depreciated over the revised remaining useful life. There has been no material impact for changes in estimated useful lives for any years presented. | ||||||||||
Deferred Financing Fees | ||||||||||
Financing fees related to the issuance of debt have been deferred and are being amortized using the effective interest rate method over the expected duration of the related indebtedness (see Note 13). | ||||||||||
Deferred Lease Costs | ||||||||||
The Company defers certain initial direct costs associated with the origination of tenant leases and lease amendments and amortizes these costs over the initial lease term or over the lease term remaining if related to a lease amendment. Such deferred costs were approximately $12.8 million, $10.2 million, and $5.1 million in 2013, 2012, and 2011, respectively. Amortization expense was $5.5 million, $4.6 million, and $4.6 million for the years ended December 31, 2013, 2012 and 2011, respectively, and is included in cost of site leasing on the accompanying Consolidated Statements of Operations. As of December 31, 2013 and 2012, unamortized deferred lease costs were $22.9 million and $15.6 million, respectively, and are included in other assets on the accompanying Consolidated Balance Sheets. | ||||||||||
Intangible Assets | ||||||||||
The Company classifies as intangible assets the fair value of current leases in place at the acquisition date of towers and related assets (referred to as the “Current contract intangibles”), and the fair value of future tenant leases anticipated to be added to the acquired towers (referred to as the “Network location intangibles”). These intangibles are estimated to have a useful life consistent with the useful life of the related tower assets, which is typically 15 years. For all intangible assets, amortization is provided using the straight-line method over the estimated useful lives as the benefit associated with these intangible assets is anticipated to be derived evenly over the life of the asset. | ||||||||||
Impairment of Long-Lived Assets | ||||||||||
The Company evaluates its individual long-lived and related assets with finite lives for indicators of impairment to determine when an impairment analysis should be performed. The Company evaluates its tower assets and Current contract intangibles at the tower level, which is the lowest level for which identifiable cash flows exists. The Company evaluates its Network location intangibles for impairment at the tower leasing business level whenever indicators of impairment are present. The Company has established a policy to at least annually evaluate its tower assets and Current contract intangibles for impairment. | ||||||||||
The Company records an impairment charge when the Company believes an investment in towers or related assets has been impaired, such that future undiscounted cash flows would not recover the then current carrying value of the investment in the tower and related intangible. Estimates and assumptions inherent in the impairment evaluation include, but are not limited to, general market and economic conditions, historical operating results, geographic location, lease-up potential and expected timing of lease-up. In addition, the Company makes certain assumptions in determining an asset’s fair value for the purpose of calculating the amount of an impairment charge. The Company recorded an impairment charge of $29.0 million, $6.4 million, and $5.5 million for the years ended December 31, 2013, 2012 and 2011, respectively, which includes the write off of $23.1 million in carrying value of decommissioned communication sites and the incurrence of other third party decommission costs, related to its long-lived assets and intangibles for the year ended December 31, 2013. There were no write offs for decommissioned towers or the incurrence of other third party decommission costs, related to its long-lived assets and intangibles for the years ended December 31, 2012 or 2011. | ||||||||||
Fair Value Measurements | ||||||||||
The Company determines the fair market values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following three levels of inputs may be used to measure fair value: | ||||||||||
Level 1 | Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. | |||||||||
Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | |||||||||
Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||
Revenue Recognition | ||||||||||
Revenue from site leasing is recorded monthly and recognized on a straight-line basis over the current term of the related lease agreements, which are generally five to ten years. Receivables recorded related to the straight-lining of site leases are reflected in other assets on the Consolidated Balance Sheets. Rental amounts received in advance are recorded as deferred revenue on the Consolidated Balance Sheets. | ||||||||||
Site development projects in which the Company performs consulting services include contracts on a time and materials basis or a fixed price basis. Time and materials based contracts are billed at contractual rates as the services are rendered. For those site development contracts in which the Company performs work on a fixed price basis, site development billing (and revenue recognition) is based on the completion of agreed upon phases of the project on a per site basis. Upon the completion of each phase on a per site basis, the Company recognizes the revenue related to that phase. Site development projects generally take from 3 to 12 months to complete. | ||||||||||
Revenue from construction projects is recognized on the percentage-of-completion method of accounting, determined by the percentage of cost incurred to date compared to management’s estimated total cost for each contract. This method is used because management considers total cost to be the best available measure of progress on the contracts. These amounts are based on estimates, and the uncertainty inherent in the estimates initially is reduced as work on the contracts nears completion. The asset “costs and estimated earnings in excess of billings on uncompleted contracts” represents costs incurred and revenues recognized in excess of amounts billed. The liability “billings in excess of costs and estimated earnings on uncompleted contracts,” included within other current liabilities on the Company’s Consolidated Balance Sheets, represents billings in excess of costs incurred and revenues recognized. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined to be probable. | ||||||||||
On October 31, 2011, the Company entered into a Master Amendment with one of its wireless service provider customers. The Master Amendment serves as a separate amendment to each individual existing tenant lease agreement that the Company is currently a party to with that customer. Among other items, the Master Amendment (1) extends the current term of the individual leases, (2) permits the customer limited early termination rights which will be exercisable over a multi-year period, commencing in the second half of 2013, on a specific number of the existing leases, (3) allows the customer to make certain specific equipment changes at the towers in exchange for an increase in monthly rental payment due from the customer, and (4) slightly modifies the existing monthly lease rates of certain leases. The customer’s early termination rights are limited with respect to the aggregate number of leases that may be terminated and the number that may be terminated in any quarter. Certain of the specific leases to be terminated early and the timing of such terminations has not been determined as of the date of this filing. As a result, for accounting and financial statement purposes, the Company has made assumptions with regard to the remaining leases to be terminated and the timing of the terminations. The Company has assumed that the customer will terminate the maximum number of leases allowable in each quarter, selecting the highest rental rate leases at the earliest allowable dates. The Company believes that these assumptions will ensure that only the minimum known revenue for the pool of leases covered by the Master Agreement will be accrued on a straight-line basis. The Company’s balance sheet and statement of operations reflect these assumptions. The actual leases that the customer terminates and the timing and number of terminations may or may not be those that we have identified in our assumptions. The Company will monitor actual results and elections under the Master Amendment and record any differences from previously made assumptions on a quarterly basis. To the extent that the actual results materially differ from the assumptions made, the Company will disclose the impact of these adjustments. | ||||||||||
Allowance for Doubtful accounts | ||||||||||
The Company performs periodic credit evaluations of its customers. The Company monitors collections and payments from its customers and maintains a provision for estimated credit losses based upon historical experience, specific customer collection issues identified, and past due balances as determined based on contractual terms. Interest is charged on outstanding receivables from customers on a case by case basis in accordance with the terms of the respective contracts or agreements with those customers. Amounts determined to be uncollectible are written off against the allowance for doubtful accounts in the period in which uncollectibility is determined to be probable. | ||||||||||
The following is a rollforward of the allowance for doubtful accounts for the years ended December 31, 2013, 2012, and 2011 | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Beginning balance | $ | 246 | $ | 135 | $ | 263 | ||||
Provision for doubtful accounts | 770 | 330 | 70 | |||||||
Write-offs, net of recoveries | -330 | -219 | -198 | |||||||
Ending balance | $ | 686 | $ | 246 | $ | 135 | ||||
Cost of Revenue | ||||||||||
Cost of site leasing revenue includes ground lease rent, property taxes, amortization of deferred lease costs, maintenance and other tower operating expenses. All ground lease rental obligations due to be paid out over the lease term, including fixed escalations, are recorded on a straight-line basis over the minimum lease term. Liabilities recorded related to the straight-lining of ground leases are reflected in other long-term liabilities on the Consolidated Balance Sheets. Cost of site development revenue includes the cost of materials, salaries and labor costs, including payroll taxes, subcontract labor, vehicle expense and other costs directly and indirectly related to the projects. All costs related to site development projects are recognized as incurred. | ||||||||||
Income Taxes | ||||||||||
The Company had taxable losses during the years ended December 31, 2013, 2012 and 2011, and as a result, net operating loss carry-forwards have been generated. The majority of these net operating loss carry-forwards are fully reserved as management believes it is not “more-likely-than-not” that the Company will generate sufficient taxable income in future periods to recognize the losses. The tax years 1999 through 2013 remain open to examination by the major jurisdictions in which the Company operates. | ||||||||||
The Company determines whether it is “more-likely-than-not” that a tax position taken in an income tax return will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the position is measured to determine the amount of benefit to recognize in the financial statements. The Company has not identified any tax exposures that require a reserve. In the future, to the extent that the Company records unrecognized tax exposures, any related interest and penalties will be recognized as interest expense in the Company’s Consolidated Statements of Operations. | ||||||||||
The Company does not calculate U.S. taxes on undistributed earnings of foreign subsidiaries because substantially all such earnings are expected to be reinvested indefinitely. | ||||||||||
Stock-Based Compensation | ||||||||||
The Company measures and recognizes compensation expense for all share-based payment awards made to employees and directors, including stock options, restricted stock units and employee stock purchases under employee stock purchase plans. The Company records compensation expense, net of estimated forfeitures, for stock options and restricted stock units on a straight-line basis over the vesting period. Compensation expense for employee stock options is based on the estimated fair value of the options on the date of the grant using the Black-Scholes option-pricing model. Any stock options granted to non-employees would be valued using the Black-Scholes option-pricing model based on the market price of the underlying common stock on the “valuation date,” which for options to non-employees is the vesting date. Expense related to options granted to non-employees would be recognized on a straight-line basis over the shorter of the period over which services are to be received or the vesting period. Compensation expense for restricted stock units is based on the fair market value of the units awarded at the date of the grant. | ||||||||||
Asset Retirement Obligations | ||||||||||
The Company has entered into ground leases for the land underlying the majority of the Company’s towers. A majority of these leases require the Company to restore leaseholds to their original condition upon termination of the ground lease. | ||||||||||
The Company recognizes asset retirement obligations in the period in which they are incurred, if a reasonable estimate of a fair value can be made, and accretes such liability through the obligation’s estimated settlement date. The associated asset retirement costs are capitalized as part of the carrying amount of the related tower fixed assets, and over time, the liability is accreted to its present value each period and the capitalized cost is depreciated over the estimated useful life of the tower. | ||||||||||
The asset retirement obligation at December 31, 2013 and December 31, 2012 was $5.3 million and $7.5 million, respectively, and is included in other long-term liabilities on the Consolidated Balance Sheets. Upon settlement of the obligations, any difference between the cost to retire an asset and the recorded liability is recorded in the Consolidated Statements of Operations as a gain or loss. In determining the measurement of the asset retirement obligations, the Company considered the nature and scope of the contractual restoration obligations contained in the Company’s third party ground leases, the historical retirement experience as an indicator of future restoration probabilities, intent in renewing existing ground leases through lease termination dates, current and future value and timing of estimated restoration costs and the credit adjusted risk-free rate used to discount future obligations. | ||||||||||
The following summarizes the activity of the asset retirement obligation liability: | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Beginning balance | $ | 7,506 | $ | 5,386 | $ | 5,214 | ||||
Additions | 597 | 2,261 | 9 | |||||||
Currency translation adjustment | -42 | 1 | -2 | |||||||
Accretion expense | 512 | 333 | 250 | |||||||
Removal | -407 | -334 | — | |||||||
Revision in estimates | -2,854 | -141 | -85 | |||||||
Ending balance | $ | 5,312 | $ | 7,506 | $ | 5,386 | ||||
Loss Per Share | ||||||||||
The Company has potential common stock equivalents related to its outstanding stock options and convertible senior notes. These potential common stock equivalents were not included in diluted loss per share because the effect would have been anti-dilutive in calculating the full year earnings per share. Accordingly, basic and diluted loss per common share and the weighted average number of shares used in the computations are the same for all periods presented in the Consolidated Statements of Operations. | ||||||||||
Comprehensive Income (Loss) | ||||||||||
Comprehensive income (loss) is defined as the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner sources, and is comprised of net income (loss) and other comprehensive income (loss). | ||||||||||
Foreign Currency Translation | ||||||||||
All assets and liabilities of foreign subsidiaries that do not utilize the United States dollar as its functional currency are translated at period-end rates of exchange, while revenues and expenses are translated at monthly weighted average rates of exchange for the year. Unrealized translation gains and losses are reported as foreign currency translation adjustments through other comprehensive loss in shareholders’ equity. | ||||||||||
Reclassifications | ||||||||||
Certain reclassifications have been made to prior year amounts or balances to conform to the presentation adopted in the current year. The Company adjusted the allocation of the valuation allowance against its current and non-current deferred tax assets in the balance sheet as of December 31, 2012. The adjustment did not have any impact on the statement of operations or cash flows. | ||||||||||
Business Combinations | ||||||||||
The Company accounts for acquisitions under the acquisition method of accounting. The assets and liabilities acquired are recorded at fair market value at the date of each acquisition and the results of operations of the acquired assets are included with those of the Company from the dates of the respective acquisitions. The Company continues to evaluate all acquisitions for a period not to exceed one year after the applicable closing date of each transaction to determine whether any additional adjustments are needed to the allocation of the purchase price paid for the assets acquired and liabilities assumed as a result of information available at the acquisition date. The intangible assets represent the value associated with the current leases at the acquisition date (“Current contract intangibles”) and future tenant leases anticipated to be added to the towers (“Network location intangibles”) and were calculated using the discounted values of the current or future expected cash flows. The intangible assets are estimated to have a useful life consistent with the useful life of the related tower assets, which is typically 15 years. | ||||||||||
In connection with certain acquisitions, the Company may agree to pay additional consideration (or earnouts) if the communication sites or businesses that are acquired meet or exceed certain performance targets over a period of one to three years after they have been acquired. The Company records contingent consideration for acquisitions that occurred prior to January 1, 2009 when the contingent consideration is paid. Effective January 1, 2009, the Company accrues for contingent consideration in connection with acquisitions at fair value as of the date of the acquisition. All subsequent changes in fair value of contingent consideration are recorded through Consolidated Statements of Operations. In certain acquisitions, the additional consideration may be paid in cash or shares of Class A common stock at the Company’s option. | ||||||||||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||
3.FAIR VALUE MEASUREMENTS | |||||||||||||||||||
Items Measured at Fair Value on a Recurring Basis— The Company’s earnouts related to acquisitions are measured at fair value on a recurring basis using Level 3 inputs. The Company determines the fair value of acquisition-related contingent consideration, and any subsequent changes in fair value, using a discounted probability-weighted approach using Level 3 inputs. The fair value of the earnouts is reviewed quarterly and is based on the payments the Company expects to make based on historical internal observations related to the anticipated performance of the underlying assets. The Company’s estimate of the fair value of its obligation if the performance targets contained in various acquisition agreements were met was $30.1 million and $9.8 million as of December 31, 2013 and December 31, 2012, respectively, which the Company recorded in accrued expenses on its Consolidated Balance Sheets. The maximum potential obligation related to the performance targets was $42.1 million and $17.1 million as of December 31, 2013. | |||||||||||||||||||
The Company measures its foreign currency forward contracts, which are recorded in Prepaid and other current assets, at fair value based on indicative prices in active markets (Level 2 inputs). These contracts do not qualify for hedge accounting and as such any gains and losses are reflected within Other Income, net in the accompanying Consolidated Statement of Operations. | |||||||||||||||||||
Items Measured at Fair Value on a Nonrecurring Basis— The Company’s long-lived assets, intangibles, and asset retirement obligations are measured at fair value on a nonrecurring basis using Level 3 inputs. Level 3 valuations rely on unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The Company considers many factors and makes certain assumptions when making this assessment, including but not limited to: general market and economic conditions, historical operating results, geographic location, lease-up potential and expected timing of lease-up. The fair value of the long-lived assets, intangibles, and asset retirement obligations is calculated using a discounted cash flow model. During the years ended December 31, 2013 and December 31, 2012, the Company recognized an impairment charge of $29.0 million and $6.4 million, respectively, which includes the write off of $23.1 million in carrying value of decommissioned towers and other third party decommission costs, related to its long-lived assets and intangibles for the year ended December 31, 2013 resulting from the Company’s analysis that the future cash flows from certain towers would not recover the carrying value of the investment in those towers. There were no write offs for decommissioned towers and other third party decommission costs, related to its long-lived assets and intangibles for the years ended December 31, 2012 or 2011. Impairment charges for all periods presented and the related impaired assets relate to the Company’s site leasing operating segment. | |||||||||||||||||||
Fair Value of Financial Instruments— The carrying values of cash and cash equivalents, accounts receivable, restricted cash, accounts payable, and short-term investments approximate their related estimated fair values due to the short maturity of those instruments. Short-term investments consisted of $5.2 million and $5.3 million in certificate of deposits, as of December 31, 2013 and December 31, 2012, respectively. The Company’s estimate of the fair value of its held-to-maturity investments in treasury and corporate bonds, including current portion, are based primarily upon Level 1 reported market values. As of December 31, 2013, the carrying value and fair value of the held-to-maturity investments, including current portion, were $1.1 million and $1.3 million, respectively. As of December 31, 2012, the carrying value and fair value of the held-to-maturity investments, including current portion, was $1.3 million and $1.5 million, respectively. | |||||||||||||||||||
The Company determines fair value of its debt instruments utilizing various Level 2 sources including quoted prices and indicative quotes (non-binding quotes) from brokers that require judgment to interpret market information including implied credit spreads for similar borrowings on recent trades or bid/ask prices. The fair value of the Revolving Credit Facility is considered to approximate the carrying value because the interest payments are based on Eurodollar rates that reset every month. The Company does not believe its credit risk has changed materially from the date the applicable Eurodollar Rate plus 187.5 basis points was set for the Revolving Credit Facility. The following table reflects fair values, principal balances, and carrying values of the Company’s debt instruments (see Note 13). | |||||||||||||||||||
As of December 31, 2013 | As of December 31, 2012 | ||||||||||||||||||
Fair Value | Principal Balance | Carrying Value | Fair Value | Principal Balance | Carrying Value | ||||||||||||||
(in thousands) | |||||||||||||||||||
1.875% Convertible Senior Notes due 2013 | $ | — | $ | — | $ | — | $ | 714,096 | $ | 468,836 | $ | 457,351 | |||||||
4.000% Convertible Senior Notes due 2014 | 1,479,859 | 499,944 | 468,394 | 1,060,622 | 499,987 | 430,751 | |||||||||||||
8.250% Senior Notes due 2019 | 262,031 | 243,750 | 242,387 | 272,391 | 243,750 | 242,205 | |||||||||||||
5.625% Senior Notes due 2019 | 514,375 | 500,000 | 500,000 | 523,750 | 500,000 | 500,000 | |||||||||||||
5.750% Senior Notes due 2020 | 832,000 | 800,000 | 800,000 | 848,000 | 800,000 | 800,000 | |||||||||||||
4.254% 2010-1 Tower Securities | 689,717 | 680,000 | 680,000 | 713,619 | 680,000 | 680,000 | |||||||||||||
5.101% 2010-2 Tower Securities | 586,586 | 550,000 | 550,000 | 621,379 | 550,000 | 550,000 | |||||||||||||
2.933% 2012-1Tower Securities | 604,736 | 610,000 | 610,000 | 635,614 | 610,000 | 610,000 | |||||||||||||
2.240% 2013-1C Tower Securities | 408,442 | 425,000 | 425,000 | — | — | — | |||||||||||||
3.722% 2013-2C Tower Securities | 530,098 | 575,000 | 575,000 | — | — | — | |||||||||||||
3.598% 2013-1D Tower Securities | 318,856 | 330,000 | 330,000 | — | — | — | |||||||||||||
Revolving Credit Facility | 215,000 | 215,000 | 215,000 | 100,000 | 100,000 | 100,000 | |||||||||||||
2011 Term Loan B | 180,980 | 180,529 | 180,234 | 493,731 | 492,500 | 491,518 | |||||||||||||
2012-1 Term Loan A | 184,538 | 185,000 | 185,000 | 194,513 | 195,000 | 195,000 | |||||||||||||
2012-2 Term Loan B | 110,383 | 109,971 | 109,745 | 300,750 | 300,000 | 299,278 | |||||||||||||
BNDES Loans | 5,847 | 5,847 | 5,847 | — | — | — | |||||||||||||
Totals | $ | 6,923,448 | $ | 5,910,041 | $ | 5,876,607 | $ | 6,478,465 | $ | 5,440,073 | $ | 5,356,103 | |||||||
Restricted_Cash
Restricted Cash | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Restricted Cash [Abstract] | ' | ||||||||
Restricted Cash | ' | ||||||||
4.RESTRICTED CASH | |||||||||
Restricted cash consists of the following: | |||||||||
As of | |||||||||
31-Dec-13 | 31-Dec-12 | Included on Balance Sheet | |||||||
(in thousands) | |||||||||
Securitization escrow accounts | $ | 46,364 | $ | 26,774 | Restricted cash - current asset | ||||
Payment and performance bonds | 941 | 934 | Restricted cash - current asset | ||||||
Surety bonds and workers compensation | 8,991 | 11,989 | Other assets - noncurrent | ||||||
Total restricted cash | $ | 56,296 | $ | 39,697 | |||||
Pursuant to the terms of the Tower Securities (see Note 13), the Company is required to establish a securitization escrow account, held by the indenture trustee, into which all rents and other sums due on the towers that secure the Tower Securities are directly deposited by the lessees. These restricted cash amounts are used to fund reserve accounts for the payment of (1) debt service costs, (2) ground rents, real estate and personal property taxes and insurance premiums related to towers, (3) trustee and servicing expenses, (4) management fees, and (5) to reserve a portion of advance rents from tenants. The restricted cash in the controlled deposit account in excess of required reserve balances is subsequently released to the Borrowers (as defined in Note 13) monthly, provided that the Borrowers are in compliance with their debt service coverage ratio and that no event of default has occurred. All monies held by the indenture trustee are classified as restricted cash on the Company’s Consolidated Balance Sheets. | |||||||||
Payment and performance bonds relate primarily to collateral requirements for tower construction currently in process by the Company. Cash is pledged as collateral related to surety bonds issued for the benefit of the Company or its affiliates in the ordinary course of business and primarily related to the Company’s tower removal obligations. As of December 31, 2013, the Company had $42.0 million in surety, payment and performance bonds for which it is only required to post $6.1 million in collateral. The Company periodically evaluates the collateral posted for its bonds to ensure that it meets the minimum requirements. As of December 31, 2013 and 2012, the Company had also pledged $2.3 million and $2.3 million, respectively, as collateral related to its workers compensation policy. Restricted cash for surety bonds and workers compensation are included in other assets on the Company’s Consolidated Balance Sheets. | |||||||||
Other_Assets
Other Assets | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Assets [Abstract] | ' | ||||||
Other Assets | ' | ||||||
5.OTHER ASSETS | |||||||
The Company’s other assets are comprised of the following: | |||||||
As of | |||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Restricted cash-LT | $ | 8,991 | $ | 11,989 | |||
Long-term investments | 52,801 | 52,939 | |||||
Prepaid land rent | 119,047 | 112,940 | |||||
Straight-line receivable | 179,292 | 116,361 | |||||
Other | 40,721 | 61,051 | |||||
Total other assets: | $ | 400,852 | $ | 355,280 | |||
Acquisitions
Acquisitions | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Acquisitions [Abstract] | ' | |||||||||
Acquisitions | ' | |||||||||
6.ACQUISITIONS | ||||||||||
Oi S.A. Acquisition | ||||||||||
On November 26, 2013, the Company acquired the rights to use 2,113 towers in Brazil from Oi S.A. for an aggregate purchase price of $317.0 million with $299.2 million paid from cash on hand and borrowings under the Company’s Revolving Credit Facility and the remaining $17.8 million in other liabilities to be paid over the next year. These liabilities are included within accrued expenses on the Consolidated Balance Sheet. The preliminary allocation of the purchase price is subject to adjustment and will be finalized upon the completion of analyses of the fair value of the assets and liabilities acquired (up to one year from the acquisition date). | ||||||||||
Other Acquisitions | ||||||||||
During the year ended December 31, 2013, in addition to the Oi S.A. acquisition, the Company acquired 389 completed towers and related assets and liabilities. These acquisitions were not significant to the Company and, accordingly, pro forma financial information has not been presented. The Company evaluates all acquisitions after the applicable closing date of each transaction to determine whether any additional adjustments are needed to the allocation of the purchase price paid for the assets acquired and liabilities assumed by major balance sheet caption, as well as the separate recognition of intangible assets from goodwill if certain criteria are met. | ||||||||||
Subsequent to December 31, 2013, we acquired 154 towers and related assets for $230.1 million in cash. | ||||||||||
Summary of Acquisitions | ||||||||||
The following table summarizes the Company’s acquisition activity: | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Tower acquisitions (number of towers) | 2,502 | 6,630 | 1,085 | |||||||
The following table summarizes the Company’s cash acquisition capital expenditures: | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Towers and related intangible assets (1) | $ | 628,423 | $ | 2,205,859 | $ | 348,950 | ||||
Ground lease land purchases (2) | 48,956 | 46,865 | 25,755 | |||||||
Earnouts | 9,324 | 5,931 | 4,615 | |||||||
Total cash acquisition capital expenditures | $ | 686,703 | $ | 2,258,655 | $ | 379,320 | ||||
-1 | Total acquisition capital expenditures for the year ended December 31, 2013, included $175.9 million related to an acquisition in Brazil which closed in the fourth quarter of 2012. | |||||||||
-2 | In addition, the Company paid $9.1 million, $9.7 million, and $9.8 million for ground lease extensions during the years ending 2013, 2012, and 2011, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheet. | |||||||||
The estimates of the fair value of the assets acquired and liabilities assumed at the date of an acquisition are subject to adjustment during the measurement period (up to one year from the particular acquisition date). The primary areas of the preliminary purchase price allocations that are not yet finalized relate to the fair value of certain tangible and intangible assets acquired and liabilities assumed, including contingent consideration and any related tax impact. The fair values of these net assets acquired are based on management’s estimates and assumptions, as well as other information compiled by management, including valuations that utilize customary valuation procedures and techniques. During the measurement period, the Company will adjust assets and/or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in a revised estimated value of those assets and/or liabilities as of that date. The effect of material measurement period adjustments to the estimated fair values is reflected as if the adjustments had been completed on the acquisition date. The impact of all changes that do not qualify as measurement period adjustments are included in current period earnings. If the actual results differ from the estimates and judgments used in these fair values, the amounts recorded in the consolidated financial statements could be subject to a possible impairment of the intangible assets, or require acceleration of the amortization expense of intangible assets in subsequent periods. | ||||||||||
During the second quarter of 2013, the Company identified a purchase price allocation adjustment related to an acquisition that occurred in the fourth quarter of the prior year, and accordingly, has recorded an adjustment to reclassify $54.1 million from Property and Equipment to Intangible Assets. The effect of this entry was not material to the Company’s Statement of Operations and Consolidated Balance Sheet for the periods presented, and as such, has only been reflected in the Consolidated Statement of Operations and Consolidated Balance Sheet as of and for the year ended December 31, 2013. | ||||||||||
Earnouts | ||||||||||
As of December 31, 2013, the Company’s estimate of its potential obligation if the performance targets contained in various acquisition agreements were met was $30.1 million which the Company has recorded in accrued expenses on the Consolidated Statement of Operations, compared to the potential obligation of $9.8 million at December 31, 2012. | ||||||||||
The Company recorded an adjustment of $1.5 million decreasing, $0.8 million increasing, and $0.7 million decreasing the estimated contingent consideration fair value during the years ended December 31, 2013, 2012, and 2011, respectively, which the Company has recorded in acquisition related expenses on the Consolidated Statement of Operations. | ||||||||||
Foreign Currency Forward Contract | ||||||||||
The Company measures its foreign currency forward contracts, which are recorded in Prepaid and other current assets, at fair value based on indicative prices in active markets (Level 2 inputs). These contracts do not qualify for hedge accounting and as such any gains and losses are reflected within Other Income, net in the accompanying Consolidated Statement of Operations. | ||||||||||
On July 26, 2013, the Company entered into foreign currency forward contracts with a settlement date of October 30, 2013 for an aggregate notional amount of $305.0 million (R$697.1 million) to hedge the purchase price of the Oi S.A. acquisition in Brazil. The Company settled these contracts for proceeds and a gain of $14.1 million. | ||||||||||
On October 29, 2013, the Company entered into foreign currency forward contracts with a settlement date of November 21, 2013 for an aggregate notional amount of $314.0 million (R$687.5 million) in order to continue to hedge the purchase price of the Oi S.A. acquisition. The Company settled these contracts by paying out and recording a loss of $12.8 million. | ||||||||||
On January 10, 2014, the Company entered into two foreign currency forward contracts with a settlement date of March 26, 2014 creating an option collar for an aggregate notional amount of R$750.0 million in order to partially hedge the purchase price of a Brazilian acquisition that is anticipated to close March 31, 2014. | ||||||||||
On February 11, 2014, the Company entered into foreign currency forward contracts with a settlement date of March 26, 2014 for an aggregate notional amount of $318.9 million (R$775.0 million) in order to hedge the remainder of the purchase price of the Brazilian acquisition that is anticipated to close March 31, 2014. | ||||||||||
Discontinued_Operations
Discontinued Operations | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Discontinued Operations [Abstract] | ' | |||||||||
Discontinued Operations | ' | |||||||||
7.DISCONTINUED OPERATIONS | ||||||||||
On September 6, 2012, the Company sold certain DAS networks located in New York, Chicago and Las Vegas, to ExteNet for approximately $119.3 million, comprised of $94.3 million in cash and $25.0 million in the form of a promissory note. On October 18, 2013, the Company received payment on the $25.0 million note including accrued interest. One additional DAS network in Auburn, Alabama was sold to ExteNet on October 23, 2012 for $5.7 million in cash. | ||||||||||
The sold DAS networks, which are included in the Company’s Site Leasing segment, met both the component and held for sale criteria during the second quarter of 2012 and the results of operations associated with these assets have been reported as discontinued operations in the Company’s consolidated financial statements from the date of acquisition. The Company did not allocate any portion of the Company’s interest expense to discontinued operations. | ||||||||||
The key components of discontinued operations were as follows: | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Site leasing revenue | $ | — | $ | 5,046 | $ | — | ||||
Income from discontinued operations, net of taxes | — | 2,296 | — | |||||||
Intangible_Assets_Net
Intangible Assets, Net | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Intangible Assets, Net [Abstract] | ' | ||||||||||||||||||
Intangible Assets, Net | ' | ||||||||||||||||||
8.INTANGIBLE ASSETS, NET | |||||||||||||||||||
The following table provides the gross and net carrying amounts for each major class of intangible assets: | |||||||||||||||||||
As of December 31, 2013 | As of December 31, 2012 | ||||||||||||||||||
Gross carrying | Accumulated | Net book | Gross carrying | Accumulated | Net book | ||||||||||||||
amount | amortization | value | amount | amortization | value | ||||||||||||||
(in thousands) | |||||||||||||||||||
Current contract intangibles | $ | 3,154,616 | $ | -649,861 | $ | 2,504,755 | $ | 2,744,968 | $ | -462,016 | $ | 2,282,952 | |||||||
Network location intangibles | 1,209,142 | -326,699 | 882,443 | 1,101,566 | -250,385 | 851,181 | |||||||||||||
Intangible assets, net | $ | 4,363,758 | $ | -976,560 | $ | 3,387,198 | $ | 3,846,534 | $ | -712,401 | $ | 3,134,133 | |||||||
All intangible assets noted above are included in the Company’s site leasing segment. The Company amortizes its intangible assets using the straight-line method over 15 years. Amortization expense relating to the intangible assets above was $266.6 million, $188.7 million, and $133.1 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||||
Estimated amortization expense on the Company’s intangibles assets is as follows: | |||||||||||||||||||
For the year ended December 31, | (in thousands) | ||||||||||||||||||
2014 | $ | 290,716 | |||||||||||||||||
2015 | 290,716 | ||||||||||||||||||
2016 | 290,716 | ||||||||||||||||||
2017 | 290,716 | ||||||||||||||||||
2018 | 290,716 | ||||||||||||||||||
Thereafter | 1,933,618 | ||||||||||||||||||
Total | $ | 3,387,198 | |||||||||||||||||
Property_And_Equipment_Net
Property And Equipment, Net | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Property And Equipment, Net [Abstract] | ' | ||||||
Property And Equipment, Net | ' | ||||||
9.PROPERTY AND EQUIPMENT, NET | |||||||
Property and equipment, net (including assets held under capital leases) consists of the following: | |||||||
As of | As of | ||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Towers and related components | $ | 3,821,482 | $ | 3,757,859 | |||
Construction-in-process | 24,275 | 25,454 | |||||
Furniture, equipment, and vehicles | 40,274 | 35,278 | |||||
Land, buildings, and improvements | 364,830 | 290,931 | |||||
4,250,861 | 4,109,522 | ||||||
Less: accumulated depreciation | -1,672,417 | -1,438,205 | |||||
Property and equipment, net | $ | 2,578,444 | $ | 2,671,317 | |||
Construction-in-process represents costs incurred related to towers that are under development and will be used in the Company’s operations. Depreciation expense was $266.1 million, $219.5 million, and $175.8 million for the years ended December 31, 2013, 2012, and 2011, respectively. At December 31, 2013 and 2012, non-cash capital expenditures that are included in accounts payable and accrued expenses were $11.4 million and $17.3 million, respectively. | |||||||
Costs_And_Estimated_Earnings_O
Costs And Estimated Earnings On Uncompleted Contracts | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Costs And Estimated Earnings On Uncompleted Contracts [Abstract] | ' | ||||||
Costs Ad Estimated Earnings On Uncompleted Contracts | ' | ||||||
10.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS | |||||||
Costs and estimated earnings on uncompleted contracts consist of the following: | |||||||
As of | As of | ||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Costs incurred on uncompleted contracts | $ | 94,145 | $ | 55,349 | |||
Estimated earnings | 32,547 | 20,883 | |||||
Billings to date | -108,070 | -53,708 | |||||
$ | 18,622 | $ | 22,524 | ||||
These amounts are included in the accompanying Consolidated Balance Sheets under the following captions: | |||||||
As of | As of | ||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Costs and estimated earnings in excess of | |||||||
billings on uncompleted contracts | $ | 27,864 | $ | 23,644 | |||
Other current liabilities (Billings in excess of costs and | |||||||
estimated earnings on uncompleted contracts) | -9,242 | -1,120 | |||||
$ | 18,622 | $ | 22,524 | ||||
At December 31, 2013, eight significant customers comprised 89.6% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings, while at December 31, 2012, five significant customers comprised 86.5% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings. | |||||||
Concentration_Of_Credit_Risk
Concentration Of Credit Risk | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Concentration Of Credit Risk [Abstract] | ' | ||||||||
Concentration of Credit Risk | ' | ||||||||
11.CONCENTRATION OF CREDIT RISK | |||||||||
The Company’s credit risks consist primarily of accounts receivable with national, regional, and local wireless service providers and federal and state government agencies. The Company performs periodic credit evaluations of its customers’ financial condition and provides allowances for doubtful accounts, as required, based upon factors surrounding the credit risk of specific customers, historical trends, and other information. The Company generally does not require collateral. | |||||||||
The following is a list of significant customers (representing at least 10% of revenue for all periods reported) and the percentage of total revenue for the specified time periods derived from such customers: | |||||||||
Percentage of Total Revenues | |||||||||
for the year ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
Sprint (1) | 24.9% | 23.9% | 21.9% | ||||||
AT&T Wireless | 19.0% | 20.3% | 23.8% | ||||||
T-Mobile (2) | 17.3% | 17.2% | 13.5% | ||||||
Verizon Wireless | 11.1% | 12.7% | 14.8% | ||||||
The Company’s site leasing and site development segments derive revenue from these customers. Client percentages of total revenue in each of the segments are as follows: | |||||||||
Percentage of Site Leasing Revenues | |||||||||
for the year ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
Sprint (1) | 28.5% | 26.8% | 24.6% | ||||||
AT&T Wireless | 21.9% | 22.9% | 26.8% | ||||||
T-Mobile (2) | 18.7% | 18.6% | 14.2% | ||||||
Verizon Wireless | 12.1% | 13.2% | 15.5% | ||||||
Percentage of Site Development Revenues | |||||||||
for the year ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
Ericsson, Inc. | 34.5% | 24.5% | 9.0% | ||||||
Nsoro Mastec, LLC | 3.0% | 16.2% | 35.6% | ||||||
(1)Prior year amounts have been adjusted to reflect the merger of Sprint and Clearwire. | |||||||||
(2)Prior year amounts have been adjusted to reflect the merger of T-Mobile and Metro PCS. | |||||||||
Five significant customers comprised 51.5% of total gross accounts receivable at December 31, 2013 compared to five significant customers which comprised 55.5% of total gross accounts receivable at December 31, 2012. | |||||||||
Accrued_Expenses_And_Other_Lia
Accrued Expenses And Other Liabilities | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accrued Expenses And Other Liabilities [Abstract] | ' | ||||||
Accrued Expenses And Other Liabilities | ' | ||||||
12.ACCRUED EXPENSES AND OTHER LIABILITIES | |||||||
The Company’s accrued expenses are comprised of the following: | |||||||
As of | As of | ||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Accrued earnouts | $ | 30,063 | $ | 9,840 | |||
Salaries and benefits | 11,351 | 8,810 | |||||
Real estate and property taxes | 9,814 | 9,580 | |||||
Other | 34,903 | 13,822 | |||||
$ | 86,131 | $ | 42,052 | ||||
As of December 31, 2012, total other current liabilities in the Company’s consolidated balance sheet was $195.7 million of which $177.5 million related to the deferred payment on the acquisition of 800 towers in Brazil. | |||||||
Debt
Debt | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Debt [Abstract] | ' | ||||||||||||||||||
Debt | ' | ||||||||||||||||||
13. DEBT | |||||||||||||||||||
The carrying and principal values of debt consist of the following (in thousands): | |||||||||||||||||||
Maturity | As of | As of | |||||||||||||||||
Date | 31-Dec-13 | 31-Dec-12 | |||||||||||||||||
Principal Balance | Carrying Value | Principal Balance | Carrying Value | ||||||||||||||||
1.875% Convertible Senior Notes | 1-May-13 | $ | — | $ | — | $ | 468,836 | $ | 457,351 | ||||||||||
4.000% Convertible Senior Notes | Oct. 1, 2014 | 499,944 | 468,394 | 499,987 | 430,751 | ||||||||||||||
8.250% Senior Notes | Aug. 15, 2019 | 243,750 | 242,387 | 243,750 | 242,205 | ||||||||||||||
5.625% Senior Notes | Oct. 1, 2019 | 500,000 | 500,000 | 500,000 | 500,000 | ||||||||||||||
5.750% Senior Notes | 15-Jul-20 | 800,000 | 800,000 | 800,000 | 800,000 | ||||||||||||||
4.254% 2010-1 Tower Securities | 15-Apr-15 | 680,000 | 680,000 | 680,000 | 680,000 | ||||||||||||||
5.101% 2010-2 Tower Securities | 17-Apr-17 | 550,000 | 550,000 | 550,000 | 550,000 | ||||||||||||||
2.933% 2012-1Tower Securities | Dec. 15, 2017 | 610,000 | 610,000 | 610,000 | 610,000 | ||||||||||||||
2.240% 2013-1C Tower Securities | 17-Apr-18 | 425,000 | 425,000 | — | — | ||||||||||||||
3.722% 2013-2C Tower Securities | 17-Apr-23 | 575,000 | 575,000 | — | — | ||||||||||||||
3.598% 2013-1D Tower Securities | 17-Apr-18 | 330,000 | 330,000 | — | — | ||||||||||||||
Revolving Credit Facility | 9-May-17 | 215,000 | 215,000 | 100,000 | 100,000 | ||||||||||||||
2011 Term Loan B | 30-Jun-18 | 180,529 | 180,234 | 492,500 | 491,518 | ||||||||||||||
2012-1 Term Loan A | 9-May-17 | 185,000 | 185,000 | 195,000 | 195,000 | ||||||||||||||
2012-2 Term Loan B | Sept. 28, 2019 | 109,971 | 109,745 | 300,000 | 299,278 | ||||||||||||||
BNDES Loans | various | 5,847 | 5,847 | — | — | ||||||||||||||
Total debt | $ | 5,910,041 | $ | 5,876,607 | $ | 5,440,073 | $ | 5,356,103 | |||||||||||
Less: current maturities of long-term debt | -481,886 | -475,351 | |||||||||||||||||
Total long-term debt, net of current maturities | $ | 5,394,721 | $ | 4,880,752 | |||||||||||||||
The Company’s future principal payment obligations (based on the outstanding debt as of December 31, 2013 and assuming the Tower Securities are repaid at their respective anticipated repayment dates) are as follows: | |||||||||||||||||||
For the year ended December 31, | (in thousands) | ||||||||||||||||||
2014 | $ | 513,436 | |||||||||||||||||
2015 | 698,983 | ||||||||||||||||||
2016 | 21,460 | ||||||||||||||||||
2017 | 1,511,208 | ||||||||||||||||||
2018 | 936,233 | ||||||||||||||||||
Thereafter | 2,228,721 | ||||||||||||||||||
Total | $ | 5,910,041 | |||||||||||||||||
The table below reflects cash and non-cash interest expense amounts recognized by debt instrument for the years ended December 31, 2013, 2012, and 2011, respectively: | |||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||
Cash | Non-cash | Cash | Non-cash | Cash | Non-cash | ||||||||||||||
Interest | Interest | Interest | Interest | Interest | Interest | ||||||||||||||
(in thousands) | |||||||||||||||||||
1.875% Convertible Senior Notes | $ | 2,670 | $ | 10,434 | $ | 9,885 | $ | 36,388 | $ | 10,090 | $ | 33,844 | |||||||
4.0% Convertible Senior Notes | 19,998 | 38,307 | 20,000 | 33,149 | 20,000 | 29,149 | |||||||||||||
8.0% Senior Notes | — | — | 15,867 | 174 | 30,000 | 309 | |||||||||||||
8.25% Senior Notes | 20,109 | 182 | 23,177 | 192 | 30,938 | 237 | |||||||||||||
5.625% Senior Notes | 28,125 | — | 7,266 | — | — | — | |||||||||||||
5.75% Senior Notes | 46,000 | — | 21,594 | — | — | — | |||||||||||||
2010 Secured Tower Revenue Securities | 57,383 | — | 57,377 | — | 57,371 | — | |||||||||||||
2012 Secured Tower Revenue Securities | 18,085 | — | 7,133 | — | — | — | |||||||||||||
2013 Secured Tower Revenue Securities | 30,392 | — | — | — | — | — | |||||||||||||
Revolving Credit Facility | 4,515 | — | 4,392 | — | 3,209 | — | |||||||||||||
2011 Term Loan | 10,533 | 101 | 18,894 | 179 | 9,705 | 90 | |||||||||||||
2012-1 Term Loan | 4,557 | — | 3,567 | — | — | — | |||||||||||||
2012-2 Term Loan | 6,416 | 61 | 2,969 | 28 | — | — | |||||||||||||
Mobilitie Bridge Loan | — | — | 4,239 | — | — | — | |||||||||||||
Other | 268 | — | -119 | — | -417 | — | |||||||||||||
Total | $ | 249,051 | $ | 49,085 | $ | 196,241 | $ | 70,110 | $ | 160,896 | $ | 63,629 | |||||||
Senior Credit Agreement | |||||||||||||||||||
On February 11, 2010, SBA Senior Finance II, LLC, an indirect wholly-owned subsidiary of the Company (“SBA Senior Finance II”), entered into a credit agreement for a $500.0 million senior secured revolving credit facility (the “Revolving Credit Facility,” formerly referred to as the 2010 Credit Facility) with several banks and other financial institutions or entities from time to time parties to the credit agreement. | |||||||||||||||||||
On June 30, 2011, SBA Senior Finance II entered into an Amended and Restated Credit Agreement (as amended, supplemented or modified from time to time, the “Senior Credit Agreement”) with several banks and other financial institutions or entities from time to time parties to the Senior Credit Agreement, to extend the maturity of the Revolving Credit Facility, to obtain a new $500.0 million senior secured term loan (the “2011 Term Loan”), and to amend certain terms of the existing credit agreement. In addition, at the time of entering into the Senior Credit Agreement, the remaining deferred financing fees balance related to the existing Credit Agreement prior to the amendment was transferred to the Revolving Credit Facility in accordance with accounting guidance for revolving credit facilities. | |||||||||||||||||||
On April 2, 2012 and again on May 9, 2012, SBA Senior Finance II exercised its right to increase the aggregate principal amount of the Revolving Credit Facility under the Senior Credit Agreement from $500.0 million to $600.0 million and from $600.0 million to $700.0 million, respectively. The Company incurred deferred financing fees of approximately $1.1 million in relation to these increases. | |||||||||||||||||||
On May 9, 2012, SBA Senior Finance II entered into a First Amendment to the Senior Credit Agreement (the “First Amendment”) with the lenders parties thereto and the Administrative Agent, to extend the maturity date of the Revolving Credit Facility to May 9, 2017. | |||||||||||||||||||
Also on May 9, 2012, SBA Senior Finance II entered into a Second Amendment to the Senior Credit Agreement (the “Second Amendment”) with the lenders parties thereto and the Administrative Agent, to obtain a new $200.0 million senior secured term loan (the “2012-1 Term Loan”). The Company incurred financing fees of $2.7 million associated with the closing of this transaction which are being amortized through the maturity date. | |||||||||||||||||||
On September 28, 2012, SBA Senior Finance II entered into a Third Amendment to the Senior Credit Agreement (the “Third Amendment”) and Fourth Amendment to the Senior Credit Agreement (the “Fourth Amendment”) with the lenders parties thereto and the Administrative Agent, to amend certain definitions related to the calculation of leverage at the SBA level to be consistent with the method for calculating leverage at the SBA Senior Finance II level and to amend the Senior Credit Agreement to permit SBA Senior Finance II, without the consent of the other lenders, to request that one or more lenders provide SBA Senior Finance II with additional term loans or to increase the commitments under the Revolving Credit Facility. SBA Senior Finance II’s ability to request such additional term loans or increases in the Revolving Credit Facility is subject to its compliance with the conditions set forth in the Senior Credit Agreement. | |||||||||||||||||||
On September 28, 2012, SBA Senior Finance II also entered into a Fifth Amendment to the Senior Credit Agreement (the “Fifth Amendment”) with the lenders parties thereto and the Administrative Agent, to obtain a new $300.0 million senior secured term loan (the “2012-2 Term Loan” collectively with the 2011 Term Loan and the 2012-1 Term Loan, the “Term Loans”). The Company incurred financing fees of $3.5 million associated with the closing of this transaction which are being amortized through the maturity date. | |||||||||||||||||||
On January 28, 2013, SBA Senior Finance II exercised its right to increase the aggregate principal amount of the Revolving Credit Facility from $700.0 million to $730.0 million. | |||||||||||||||||||
On March 14, 2013, SBA Senior Finance II exercised its right to increase the aggregate principal amount of the Revolving Credit Facility from $730 million to $770 million. | |||||||||||||||||||
On August 27, 2013, SBA Senior Finance II entered into a Sixth Amendment to the Senior Credit Agreement (the “Sixth Amendment”) with the lenders parties thereto and the Administrative Agent. The Sixth Amendment amended the Senior Credit Agreement to, among other things, (i) increase the existing Consolidated Total Debt to Annualized Borrower EBITDA ratio maintenance covenant from 6.0x to 6.5x and (ii) proportionately adjust various leverage-based covenants, including mandatory repayments and restrictions on acquired indebtedness, general dispositions of assets, restricted payments, and general investments. | |||||||||||||||||||
In addition, the Sixth Amendment modified the incremental capacity under the Senior Credit Agreement for increases in the Revolving Credit Facility and issuances of incremental term loan facilities from a fixed cap to an incurrence-based availability test which permits SBA Senior Finance II to request that one or more lenders provide (i) additional commitments under the Revolving Credit Facility and (ii) additional term loans, in each case without requesting the consent of the other lenders provided that after giving effect to the proposed increase in Revolving Credit Facility commitments or incremental term loans the ratio of Consolidated Total Debt to Annualized Borrower EBITDA would not exceed 6.5x. In addition, the amendment modified the percentage of allowable annualized borrower EBITDA for foreign subsidiaries from 10.0% to 35.0%. | |||||||||||||||||||
On February 7, 2014, SBA Senior Finance II entered into a Second Amended and Restated Credit Agreement (the “Second A&R Credit Agreement”) with several banks and other financial institutions or entities from time to time parties to the Second A&R Credit Agreement to, among other things, obtain a new delayed draw $1.5 billion senior secured term loan (the “2014 Term Loan”) and to amend certain terms of the existing Senior Credit Agreement. In addition to providing for the 2014 Term Loan, the Second A&R Credit Agreement amended the terms of the Senior Credit Agreement to, among other things, amend the terms of certain events of default, modify certain financial maintenance covenants and remove the parent financial maintenance leverage covenant to reflect an increased size of SBA Senior Finance II and its restricted subsidiaries. All other material terms of the Senior Credit Agreement, as amended, remained unchanged. The Company incurred financing fees of $5.6 million to date associated with the closing of this transaction which are being amortized through the maturity date. Net proceeds from the first funding of the 2014 Term Loan were used to (1) repay in full the remaining $180.5 million balance of the 2011 Term Loan, (2) repay in full the remaining $110.0 million balance of the 2012-2 Term Loan, and (3) to repay the $390.0 million outstanding balance under the Revolving Credit Facility. The net proceeds from the second funding will be used (1) to pay the cash consideration in connection with SBA’s acquisition of towers from Oi S.A. in Brazil and (2) for general corporate purposes. | |||||||||||||||||||
Revolving Credit Facility under the Senior Credit Agreement | |||||||||||||||||||
The Revolving Credit Facility is governed by the Senior Credit Agreement. As of December 31, 2013, the Revolving Credit Facility consists of a revolving loan under which up to $770.0 million aggregate principal amount may be borrowed, repaid and redrawn, subject to compliance with specific financial ratios and the satisfaction of other customary conditions to borrowing. Amounts borrowed under the Revolving Credit Facility accrue interest at the Eurodollar Rate plus a margin that ranges from 187.5 basis points to 237.5 basis points or at a Base Rate plus a margin that ranges from 87.5 basis points to 137.5 basis points, in each case based on the ratio of Consolidated Total Debt to Annualized Borrower EBITDA, calculated in accordance with the Senior Credit Agreement. If not earlier terminated by SBA Senior Finance II, the Revolving Credit Facility will terminate on, and SBA Senior Finance II will repay all amounts outstanding on or before, May 9, 2017. The proceeds available under the Revolving Credit Facility may be used for general corporate purposes. A per annum commitment fee of 0.375% to 0.5% of the unused commitments under the Revolving Credit Facility is charged based on the ratio of Consolidated Total Debt to Annualized Borrower EBITDA (calculated in accordance with the Senior Credit Agreement). SBA Senior Finance II may, from time to time, borrow from and repay the Revolving Credit Facility. Consequently, the amount outstanding under the Revolving Credit Facility at the end of a period may not be reflective of the total amounts outstanding during such period. As of December 31, 2013, the amount outstanding of $215.0 million was accruing interest at 2.045% per year. | |||||||||||||||||||
During the year ended December 31, 2013, the Company borrowed $340.0 million and repaid $225.0 million of the outstanding balance under the Revolving Credit Facility. The availability under the Revolving Credit Facility was $555.0 million at December 31, 2013, subject to compliance with specified financial ratios and satisfaction of other customary conditions to borrowing. | |||||||||||||||||||
On January 8, 2014, the Company borrowed an additional $175.0 million under the Revolving Credit Facility leaving the availability under the Revolving Credit Facility at $380.0 million. | |||||||||||||||||||
On February 7, 2014, a portion of the proceeds of the 2014 Term Loan were used to fully repay the outstanding balance under the Revolving Credit Facility, returning the availability to $770.0 million. | |||||||||||||||||||
Term Loans under the Senior Credit Agreement | |||||||||||||||||||
2011 Term Loan | |||||||||||||||||||
The 2011 Term Loan consists of a senior secured term loan with an initial aggregate principal amount of $500.0 million that matures on June 30, 2018. The 2011 Term Loan accrues interest, at SBA Senior Finance II’s election, at either the Base Rate plus a margin of 175 basis points (with a Base Rate floor of 2%) or Eurodollar Rate plus a margin of 275 basis points (with a Eurodollar Rate floor of 1%). As of December 31, 2013, the 2011 Term Loan was accruing interest at 3.75% per annum. SBA Senior Finance II has the ability to prepay any or all amounts under the 2011 Term Loan without premium or penalty. The 2011 Term Loan was issued at 99.75% of par value. The Company incurred deferred financing fees of $4.9 million associated with this transaction which are being amortized through the maturity date. | |||||||||||||||||||
During the year ended December 31, 2013, the Company repaid $312.0 million on the 2011 Term Loan. Included in this amount was a prepayment of $310.7 million made on April 24, 2013 using proceeds from the 2013 Tower Securities. In connection with the prepayment, the Company expensed $2.3 million of net deferred financing fees and $0.6 million of discount related to the debt. As a result of the prepayment, no further scheduled quarterly principal payments are required until the maturity date. As of December 31, 2013, the 2011 Term Loan had a principal balance of $180.5 million. The remaining $1.1 million of deferred financing fees, net are being amortized through the maturity date. | |||||||||||||||||||
On February 7, 2014, the Company repaid the entire $180.5 million outstanding principal balance of the 2011 Term Loan. In connection with the prepayment, the Company expensed $1.1 million of net deferred financing fees and $0.3 million of discount related to the debt. | |||||||||||||||||||
2012-1 Term Loan | |||||||||||||||||||
The 2012-1 Term Loan consists of a senior secured term loan with an initial aggregate principal amount of $200.0 million that matures on May 9, 2017. The 2012-1 Term Loan accrues interest, at SBA Senior Finance II’s election, at either the Base Rate plus a margin that ranges from 100 to 150 basis points or the Eurodollar Rate plus a margin that ranges from 200 to 250 basis points, in each case based on the ratio of Consolidated Total Debt to Annualized Borrower EBITDA (calculated in accordance with the Senior Credit Agreement). As of December 31, 2013, the 2012-1 Term Loan was accruing interest at 2.17% per annum. Principal payments on the 2012-1 Term Loan commenced on September 30, 2012 and are being made in quarterly installments on the last day of each March, June, September and December, in an amount equal to $2.5 million for each of the first eight quarters, $3.75 million for the next four quarters and $5.0 million for each quarter thereafter. SBA Senior Finance II has the ability to prepay any or all amounts under the 2012-1 Term Loan without premium or penalty. To the extent not previously repaid, the 2012-1 Term Loan will be due and payable on the maturity date. The 2012-1 Term Loan was issued at par. The Company incurred deferred financing fees of $2.7 million in relation to this transaction which are being amortized through the maturity date. | |||||||||||||||||||
During the year ended December 31, 2013, the Company repaid $10.0 million of principal on the 2012-1 Term Loan. As of December 31, 2013, the 2012-1 Term Loan had a principal balance of $185.0 million. | |||||||||||||||||||
2012-2 Term Loan | |||||||||||||||||||
The 2012-2 Term Loan consists of a senior secured term loan with an initial aggregate principal amount of $300.0 million that matures on September 28, 2019. The 2012-2 Term Loan accrues interest, at SBA Senior Finance II’s election, at either the Base Rate plus 175 basis points (with a Base Rate floor of 2%) or Eurodollar Rate plus 275 basis points (with a Eurodollar Rate floor of 1%). As of December 31, 2013, the 2012-2 Term Loan was accruing interest at 3.75% per annum. SBA Senior Finance II has the ability to prepay any or all amounts under the 2012-2 Term Loan without premium or penalty. To the extent not previously repaid, the 2012-2 Term Loan will be due and payable on the maturity date. The 2012-2 Term Loan was issued at 99.75% of par value. The Company incurred deferred financing fees of approximately $3.5 million in relation to this transaction which are being amortized through the maturity date. | |||||||||||||||||||
During the year ended December 31, 2013, the Company repaid $190.0 million on the 2012-2 Term Loan. Included in this amount was a prepayment of $189.3 million made on April 24, 2013 using proceeds from the 2013 Tower Securities. In connection with the prepayment, the Company expensed $2.0 million of net deferred financing fees and $0.4 million of discount related to the debt. As a result of the prepayment, no further scheduled quarterly principal payments are required until the maturity date. As of December 31, 2013, the 2012-2 Term Loan had a principal balance of $110.0 million. The remaining $1.0 million of deferred financing fees, net are being amortized through the maturity date. | |||||||||||||||||||
On February 7, 2014, the Company repaid the entire $110.0 million outstanding principal balance of the 2012-2 Term Loan. In connection with the prepayment, the Company expensed $1.0 million of net deferred financing fees and $0.2 million of discount related to the debt. | |||||||||||||||||||
2014 Term Loan | |||||||||||||||||||
The 2014 Term Loan consists of a delayed draw senior secured Term Loan with an initial aggregate principal amount of $1.5 billion that matures on March 24, 2021. The first funding, of $750.0 million occurred on February 7, 2014 and the second funding, of $750.0 million, is expected to occur in March 2014. The 2014 Term Loan accrues interest, at SBA Senior Finance II’s election, at either the Base Rate plus 150 basis points (with a Base Rate floor of 1.75%) or the Eurodollar Rate plus 250 basis points (with a Eurodollar Rate floor of 0.75%). SBA Senior Finance II has the ability to prepay any or all amounts under the 2014 Term Loan. However, to the extent the 2014 Term Loan is prepaid prior to August 7, 2014 from proceeds of certain refinancing or repricing transactions, a prepayment fee equal to 1.0% of the aggregate principal amount of such prepayment will apply. The Company incurred deferred financing fees of approximately $5.6 million to date in relation to this transaction which are being amortized through the maturity date. | |||||||||||||||||||
Net proceeds from the first funding of the 2014 Term Loan were used to (1) repay in full the remaining $180.5 million balance of the 2011 Term Loan, (2) repay in full the remaining $110.0 million balance of the 2012-2 Term Loan, and (3) to repay the $390.0 million outstanding balance under the Revolving Credit Facility. The net proceeds from the second funding will be used (1) to pay the cash consideration in connection with SBA’s acquisition of towers from Oi S.A. in Brazil and (2) for general corporate purposes. | |||||||||||||||||||
Terms of the Senior Credit Agreement | |||||||||||||||||||
As amended in February 2014, the Senior Credit Agreement, requires SBA Senior Finance II to maintain specific financial ratios, including (1) a ratio of Consolidated Total Debt to Annualized Borrower EBITDA not to exceed 6.5 times for any fiscal quarter, (2) a ratio of Consolidated Total Debt and Net Hedge Exposure (calculated in accordance with the Senior Credit Agreement) to Annualized Borrower EBITDA for the most recently ended fiscal quarter not to exceed 6.5 times for 30 consecutive days and (3) a ratio of Annualized Borrower EBITDA to Annualized Cash Interest Expense (calculated in accordance with the Senior Credit Agreement) of not less than 2.0 times for any fiscal quarter. The Senior Credit Agreement contains customary affirmative and negative covenants that, among other things, limit the ability of SBA Senior Finance II and its subsidiaries to incur indebtedness, grant certain liens, make certain investments, enter into sale leaseback transactions, merge or consolidate, make certain restricted payments, enter into transactions with affiliates, and engage in certain asset dispositions, including a sale of all or substantially all of their property. As of December 31, 2013, SBA Senior Finance II was in compliance with the financial covenants contained in the Senior Credit Agreement. The Senior Credit Agreement is also subject to customary events of default. Pursuant to the Second Amended and Restated Guarantee and Collateral Agreement, amounts borrowed under the Revolving Credit Facility, the Term Loans and certain hedging transactions that may be entered into by SBA Senior Finance II or the Subsidiary Guarantors (as defined in the Senior Credit Agreement) with lenders or their affiliates are secured by a first lien on the membership interests of SBA Telecommunications, LLC (formerly known as SBA Telecommunications Inc.), SBA Senior Finance, LLC (formerly known as SBA Senior Finance, Inc.) and SBA Senior Finance II and on substantially all of the assets (other than leasehold, easement and fee interests in real property) of SBA Senior Finance II and the Subsidiary Guarantors. | |||||||||||||||||||
As amended in February 2014, the Senior Credit Agreement permits SBA Senior Finance II, without the consent of the other lenders, to request that one or more lenders provide SBA Senior Finance II with increases in the Revolving Credit Facility or additional term loans provided that after giving effect to the proposed increase in Revolving Credit Facility commitments or incremental term loans the ratio of Consolidated Total Debt to Annualized Borrower EBITDA would not exceed 6.5x. SBA Senior Finance II’s ability to request such increases in the Revolving Credit Facility or additional term loans is subject to its compliance with customary conditions set forth in the Senior Credit Agreement including compliance, on a pro forma basis, with the financial covenants and ratios set forth therein with respect to any additional term loan and an increase in the margin on existing term loans, to the extent required by the terms of the Senior Credit Agreement. Upon SBA Senior Finance II’s request, each lender may decide, in its sole discretion, whether to increase all or a portion of its Revolving Credit Facility commitment or whether to provide SBA Senior Finance II with additional term loans and, if so, upon what terms. | |||||||||||||||||||
Mobilitie Bridge Loan | |||||||||||||||||||
Simultaneous with the closing of the Mobilitie acquisition in April 2012, a wholly-owned subsidiary, SBA Monarch, as borrower, entered into a credit agreement with the several lenders from time to time parties thereto (the “Bridge Loan Credit Agreement”). Pursuant to the Bridge Loan Credit Agreement, SBA Monarch borrowed an aggregate principal amount of $400 million under a senior secured bridge loan (the “Mobilitie Bridge Loan”). The Mobilitie Bridge Loan bore interest, at SBA Monarch’s election, at either the Base Rate plus a margin that ranged from 2.00% to 2.50% or the Eurodollar Rate plus a margin that ranged from 3.00% to 3.50%, in each case based on SBA Monarch’s ratio of Consolidated Total Debt to Consolidated Adjusted EBITDA (calculated in accordance with the Bridge Loan Credit Agreement). | |||||||||||||||||||
On July 13, 2012, the Company repaid the $400 million principal outstanding under the Mobilitie Bridge Loan from the proceeds of the 5.75% Senior Notes. | |||||||||||||||||||
Secured Tower Revenue Securities | |||||||||||||||||||
2010 Tower Securities | |||||||||||||||||||
On April 16, 2010, the Company, through a New York common law trust (the “Trust”), issued $680.0 million of 2010-1 Tower Securities and $550.0 million of 2010-2 Tower Securities (together the “2010 Tower Securities”). The 2010-1 Tower Securities have an annual interest rate of 4.254% and the 2010-2 Tower Securities have an annual interest rate of 5.101%. The weighted average annual fixed interest rate of the 2010 Tower Securities is 4.7%, including borrowers’ fees, payable monthly. The anticipated repayment date and the final maturity date for the 2010–1 Tower Securities is April 15, 2015 and April 16, 2040, respectively. The anticipated repayment date and the final maturity date for the 2010–2 Tower Securities is April 17, 2017 and April 15, 2042, respectively. The sole asset of the Trust consists of a non-recourse mortgage loan made in favor of the Borrowers (as defined below). The Company incurred deferred financing fees of $18.0 million in relation to this transaction which are being amortized through the anticipated repayment date of each of the 2010 Tower Securities. | |||||||||||||||||||
2012-1 Tower Securities | |||||||||||||||||||
On August 9, 2012, the Company, through the Trust, issued $610.0 million of Secured Tower Revenue Securities Series 2012-1 (the “2012-1 Tower Securities”) which have an anticipated repayment date of December 15, 2017 and a final maturity date of December 15, 2042. The fixed interest rate of the 2012-1 Tower Securities is 2.933% per annum, payable monthly. The Company incurred deferred financing fees of $14.9 million in relation to this transaction which are being amortized through the anticipated repayment date of the 2012-1 Tower Securities. | |||||||||||||||||||
2013 Tower Securities | |||||||||||||||||||
On April 18, 2013, the Company, through the Trust, issued $425.0 million of 2.240% Secured Tower Revenue Securities Series 2013-1C which have an anticipated repayment date of April 2018 and a final maturity date of April 2043, $575.0 million of 3.722% Secured Tower Revenue Securities Series 2013-2C which have an anticipated repayment date of April 2023 and a final maturity date of April 2048, and $330.0 million of 3.598% Secured Tower Revenue Securities Series 2013-1D which have an anticipated repayment date of April 2018 and a final maturity date of April 2043 (collectively the “2013 Tower Securities”). The aggregate $1.33 billion of 2013 Tower Securities have a blended interest rate of 3.218% and a weighted average life through the anticipated repayment date of 7.2 years. The Company incurred deferred financing fees of $25.3 million in relation to this transaction which are being amortized through the anticipated repayment date. | |||||||||||||||||||
Net proceeds from this offering were used to repay the $100 million outstanding balance under the Revolving Credit Facility, $310.7 million of the 2011 Term Loan, and $189.3 million of the 2012-2 Term Loan under the Senior Credit Agreement. The remaining net proceeds were used to satisfy unhedged obligations in connection with the 1.875% Convertible Senior Notes. | |||||||||||||||||||
In connection with the issuance of the 2013 Tower Securities, the parties entered into the Sixth Loan Agreement Supplement and Amendment, dated as of April 18, 2013 (the “Sixth Loan Supplement”) and the Seventh Loan and Security Agreement Supplement and Amendment, dated as of April 18, 2013 (the “Seventh Loan Supplement” and together with the Sixth Loan Supplement, the “Loan Supplement”), which amended and supplemented the Amended and Restated Loan and Security Agreement, dated as of November 18, 2005. The Loan Supplements were executed by and among SBA Properties, LLC (formerly known as SBA Properties, Inc.), SBA Sites, LLC (formerly known as SBA Sites, Inc.), SBA Structures, LLC (formerly known as SBA Structures, Inc.), SBA Infrastructure, LLC, SBA Monarch Towers III, LLC, SBA Towers USVI II, Inc., SBA Towers USVI, Inc., SBA Monarch Towers I, LLC, SBA 2012 TC Assets, LLC, SBA 2012 TC Assets PR, LLC, and SBA Towers IV, LLC (the “Borrowers”) and other parties. Pursuant to the Loan Supplements, the Borrowers became jointly and severally liable for the aggregate $3.17 billion borrowed under the mortgage loan corresponding to the 2010 Tower Securities, 2012-1 Tower Securities, and 2013 Tower Securities. | |||||||||||||||||||
Tower Revenue Securities Terms | |||||||||||||||||||
The mortgage loan underlying the 2010 Tower Securities, 2012-1 Tower Securities, and 2013 Tower Securities will be paid from the operating cash flows from the aggregate 8,932 tower sites owned by the Borrowers. The mortgage loan is secured by (i) mortgages, deeds of trust, and deeds to secure debt on a substantial portion of the tower sites, (ii) a security interest in the tower sites and substantially all of the Borrowers’ personal property and fixtures, (iii) the Borrowers’ rights under certain tenant leases, and (iv) all of the proceeds of the foregoing. For each calendar month, SBA Network Management, Inc., an indirect subsidiary, is entitled to receive a management fee equal to 7.5% of the Borrowers’ operating revenues for the immediately preceding calendar month. | |||||||||||||||||||
The Borrowers may prepay any of the mortgage loan components, in whole or in part, with no prepayment consideration, (i) within nine months (in the case of the components corresponding to the 2010 Tower Securities), twelve months (in the case of the component corresponding to the 2012-1 Tower Securities, Secured Tower Revenue Securities Series 2013-1C, and Secured Tower Revenue Securities Series 2013-1D), or eighteen months (in the case of the components corresponding to the Secured Tower Revenue Securities Series 2013-2C) of the anticipated repayment date of such mortgage loan component, (ii) with proceeds received as a result of any condemnation or casualty of any tower site owned by the Borrowers or (iii) during an amortization period. In all other circumstances, the Borrowers may prepay the mortgage loan, in whole or in part, upon payment of the applicable prepayment consideration. The prepayment consideration is determined based on the class of the Tower Securities to which the prepaid mortgage loan component corresponds and consists of an amount equal to the excess, if any, of (1) the present value associated with the portion of the principal balance being prepaid, calculated in accordance with the formula set forth in the mortgage loan agreement, on the date of prepayment of all future installments of principal and interest required to be paid from the date of prepayment to and including the first due date within nine months (in the case of the components corresponding to the 2010 Tower Securities), twelve months (in the case of the component corresponding to the 2012-1 Tower Securities, Secured Tower Revenue Securities Series 2013-1C, and Secured Tower Revenue Securities Series 2013-1D), or eighteen months (in the case of the components corresponding to the Secured Tower Revenue Securities Series 2013-2C) of the anticipated repayment date of such mortgage loan component over (2) that portion of the principal balance of such class prepaid on the date of such prepayment. | |||||||||||||||||||
To the extent that the mortgage loan components corresponding to the Tower Securities are not fully repaid by their respective anticipated repayment dates, the interest rate of each such component will increase by the greater of (i) 5% and (ii) the amount, if any, by which the sum of (x) the ten-year U.S. treasury rate plus (y) the credit-based spread for such component (as set forth in the mortgage loan agreement) plus (z) 5%, exceeds the original interest rate for such component. | |||||||||||||||||||
Pursuant to the terms of the Tower Securities, all rents and other sums due on any of the towers owned by the Borrowers are directly deposited by the lessees into a controlled deposit account and are held by the indenture trustee. The monies held by the indenture trustee after the release date are classified as restricted cash on the Consolidated Balance Sheets (see Note 4). However, if the Debt Service Coverage Ratio, defined as the net cash flow (as defined in the mortgage loan agreement) divided by the amount of interest on the mortgage loan, servicing fees and trustee fees that the Borrowers are required to pay over the succeeding twelve months, as of the end of any calendar quarter, falls to 1.30x or lower, then all cash flow in excess of amounts required to make debt service payments, to fund required reserves, to pay management fees and budgeted operating expenses and to make other payments required under the loan documents, referred to as “excess cash flow,” will be deposited into a reserve account instead of being released to the Borrowers. The funds in the reserve account will not be released to the Borrowers unless the Debt Service Coverage Ratio exceeds 1.30x for two consecutive calendar quarters. If the Debt Service Coverage Ratio falls below 1.15x as of the end of any calendar quarter, then an “amortization period” will commence and all funds on deposit in the reserve account will be applied to prepay the mortgage loan until such time that the Debt Service Coverage Ratio exceeds 1.15x for a calendar quarter. In addition, if either the 2010-1 Tower Securities, 2010-2 Tower Securities, 2012-1 Tower Securities, or the 2013 Tower Securities are not fully repaid by their respective anticipated repayment dates, the cash flow from the towers owned by the Borrowers will be trapped by the trustee for the Tower Securities and applied first to repay the interest, at the original interest rates, on the mortgage loan components underlying the Tower Securities, second to fund all reserve accounts and operating expenses associated with those towers, third to pay the management fees due to SBA Network Management, Inc., fourth to repay principal of the Tower Securities and fifth to repay the additional interest discussed above. The mortgage loan agreement, as amended, also includes covenants customary for mortgage loans subject to rated securitizations. Among other things, the Borrowers are prohibited from incurring other indebtedness for borrowed money or further encumbering their assets. As of December 31, 2013, the Borrowers met the required Debt Service Coverage Ratio as set forth in the mortgage loan agreement and were in compliance with all other covenants. | |||||||||||||||||||
1.875% Convertible Senior Notes due 2013 | |||||||||||||||||||
On May 16, 2008, the Company issued $550.0 million of its 1.875% Convertible Senior Notes (the “1.875% Notes”). Interest was payable semi-annually on May 1 and November 1, and the 1.875% Notes matured on May 1, 2013. The 1.875% Notes were convertible, at the holder’s option, into shares of the Company’s Class A common stock at an initial conversion rate of 24.1196 shares of Class A common stock per $1,000 principal amount of 1.875% Notes (subject to certain customary adjustments), which is equivalent to an initial conversion price of approximately $41.46 per share or a 20% conversion premium based on the last reported sale price of $34.55 per share of Class A common stock on the Nasdaq Global Select Market on May 12, 2008, the purchase agreement date. | |||||||||||||||||||
Prior to the final settlement period, which began on February 22, 2013, the holders converted $18.1 million in principal of the 1.875% Notes. These notes were converted and settled with the issuance of 437,134 shares of the Company’s common stock pursuant to the terms of the Indenture. In connection with these conversions, the related convertible note hedges and a portion of the common stock warrants were settled. As a result, the Company received a net 71,054 shares of its Class A common stock. | |||||||||||||||||||
Pursuant to the terms of the indenture, on February 1, 2013, the Company provided notice to the trustee and holders of its 1.875% Notes that the Company elected to settle 100% of its future conversion obligations pursuant to the Indenture governing the 1.875% Notes in cash, effective February 4, 2013. | |||||||||||||||||||
During the final settlement period, the Company received additional conversion notices from holders of an aggregate of $450.6 million in principal of the 1.875% Notes (excluding $81.2 million in principal of the notes held by the Company wholly owned subsidiary which were also converted). Pursuant to the terms of the Indenture, these notes were converted at a price of $1,764.02 per $1,000 of principal or an aggregate of $794.8 million which were settled in cash. The remaining $142,000 aggregate principal amount of 1.875% Notes that was not converted matured on May 1, 2013 and was settled in cash at principal plus accrued interest. | |||||||||||||||||||
Concurrently with the settlement of its conversion obligation, the Company settled the convertible note hedges that it had initially entered into at the time the outstanding 1.875% Notes were issued. In connection with the settlement of these hedges, the Company received an aggregate of $182.9 million in cash. | |||||||||||||||||||
During the year ended December 31, 2013, the Company paid $97.9 million in cash and issued 392,532 shares of its Class A common stock to settle the related warrants. These warrants have a strike price of $67.37 per share. | |||||||||||||||||||
During the third quarter of 2013, the Company sold its claim against Lehman Brothers, related to a hedge terminated when Lehman Brothers filed for bankruptcy in 2008, for $27.3 million and recorded a gain on the transaction of the same amount. The gain has been recorded within Other Income, net in the accompanying Consolidated Statement of Operations. | |||||||||||||||||||
4.0% Convertible Senior Notes due 2014 | |||||||||||||||||||
On April 24, 2009, the Company issued $500.0 million of its 4.0% Convertible Senior Notes (“4.0% Notes”) in a private placement transaction. Interest on the 4.0% Notes is payable semi-annually on April 1 and October 1. The maturity date of the 4.0% Notes is October 1, 2014. The Company incurred fees of $11.7 million with the issuance of the 4.0% Notes of which $7.7 million was recorded as deferred financing fees and $4.0 million was recorded as a reduction to shareholders’ equity. | |||||||||||||||||||
The 4.0% Notes are convertible, at the holder’s option, into shares of the Company’s Class A common stock, at an initial conversion rate of 32.9164 shares of its Class A common stock per $1,000 principal amount of 4.0% Notes (subject to certain customary adjustments), which is equivalent to an initial conversion price of approximately $30.38 per share or a 22.5% conversion premium based on the last reported sale price of $24.80 per share of the Company’s Class A common stock on the Nasdaq Global Select Market on April 20, 2009, the purchase agreement date. | |||||||||||||||||||
Concurrently with the pricing of the 4.0% Notes, the Company entered into convertible note hedge and warrant transactions with affiliates of certain of the initial purchasers of the convertible notes. The initial strike price of the convertible note hedge transactions relating to the 4.0% Notes is $30.38 per share of the Company’s Class A common stock (the same as the initial conversion price of the 4.0% Notes) and the upper strike price of the warrant transactions is $44.64 per share. | |||||||||||||||||||
The Company is amortizing the debt discount on the 4.0% Notes utilizing the effective interest method over the life of the 4.0% Notes which increases the effective interest rate of the 4.0% Notes from its coupon rate of 4.0% to 12.9%. As of December 31, 2013, the carrying amount of the equity component related to the 4.0% Notes was $169.0 million. | |||||||||||||||||||
The 4.0 % Notes are reflected in long-term debt in the Consolidated Balance Sheets at their carrying value. The following table summarizes the balances for the 4.0% Notes: | |||||||||||||||||||
As of December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
(in thousands) | |||||||||||||||||||
Principal balance | $ | 499,944 | $ | 499,987 | |||||||||||||||
Debt discount | -31,550 | -69,236 | |||||||||||||||||
Carrying value | $ | 468,394 | $ | 430,751 | |||||||||||||||
The 4.0% Notes are convertible only under the following circumstances: | |||||||||||||||||||
•during any calendar quarter, if the last reported sale price of the Class A common stock for at least 20 trading days in the 30 consecutive trading day period ending on the last trading day of the preceding calendar quarter is more than 130% of the applicable conversion price per share of Class A common stock on the last day of such preceding calendar quarter, | |||||||||||||||||||
•during the five business day period after any ten consecutive trading day period in which the trading price per $1,000 principal amount of the 4.0% Notes for each day in the measurement period was less than 95% of the product of the last reported sale price of the Class A common stock and the applicable conversion rate, | |||||||||||||||||||
•if specified distributions to holders of Class A common stock are made or specified corporate transactions occur, and | |||||||||||||||||||
•at any time on or after July 22, 2014. | |||||||||||||||||||
Upon conversion, the Company has the right to settle its conversion obligation in cash, shares of Class A common stock or a combination of cash and shares of its Class A common stock. From time to time, upon notice to the holders of the 4.0% Notes, the Company may change its election regarding the form of consideration that it will use to settle its conversion obligation; provided, however, that it is not permitted to change its settlement election after July 21, 2014 for the 4.0% Notes. At the time of the issuance of the 4.0% Notes, the Company elected to settle its conversion obligations in stock. As of December 31, 2013, the Company has not changed its election. | |||||||||||||||||||
During the year ended December 31, 2013, the 4.0% Notes were convertible based on the fact that the Company’s Class A common stock closing price per share exceeded $39.49 for at least 20 trading days during the 30 consecutive trading day period during the last month of the prior quarter. As a result of conversions exercised by holders pursuant to the terms of the indenture, during the year ended December 31, 2013, the Company converted $43,000 in principal amount of 4.0% Notes and settled its conversion obligation through the issuance of 1,404 shares of its Class A common stock. In connection with these conversions, the related convertible note hedges and a portion of the common stock warrants were settled. As a result, the Company received a net 641 shares of its Class A common stock. In addition, the Company received conversion notices totaling $33,000 in principal amount of the 4.0% Notes during the fourth quarter of 2013, which will settle during the first quarter of 2014 in shares of its Class A common stock and cash for fractional shares. | |||||||||||||||||||
Senior Notes | |||||||||||||||||||
8.0% Senior Notes and 8.25% Senior Notes | |||||||||||||||||||
On July 24, 2009, Telecommunications issued $750.0 million of unsecured senior notes (the “Senior Notes”), $375.0 million of which were due August 15, 2016 (the “8.0% Notes”) and $375.0 million of which are due August 15, 2019 (the “8.25% Notes”). The 8.0% Notes had an interest rate of 8.00% per annum and were issued at a price of 99.330% of their face value. The 8.25% Notes have an interest rate of 8.25% per annum and were issued at a price of 99.152% of their face value. Interest on each of the Senior Notes is due semi-annually on February 15 and August 15 of each year beginning on February 15, 2010. The Company incurred deferred financing fees of $5.4 million in relation to the 8.25% Notes which are being amortized through the anticipated repayment date. | |||||||||||||||||||
Net proceeds of this offering were $727.8 million after deducting expenses and the original issue discount. The Company is amortizing the debt discount on the Senior Notes utilizing the effective interest method over the life of the 8.0% Notes and 8.25% Notes. | |||||||||||||||||||
On April 13, 2012, the Company used the proceeds of an equity offering to redeem $131.3 million in aggregate principal amount of its 8.0% Notes and $131.3 million in aggregate principal amount of its 8.25% Notes and to pay $21.3 million as a premium on the redemption of the notes. The Company expensed $1.5 million and $4.3 million of debt discount and deferred financing fees, respectively, related to the redemption of the notes. | |||||||||||||||||||
On August 29, 2012, the Company redeemed the remaining $243.8 million principal balance of the 8.0% Notes and paid $14.6 million in applicable premium on the redemption of the notes. The Company expensed $1.0 million and $3.4 million of debt discount and deferred financing fees, respectively, related to the redemption of the notes. | |||||||||||||||||||
As of December 31, 2013, the principal balance of the 8.25% Notes was $243.8 million and the carrying value was $242.4 million. | |||||||||||||||||||
5.75% Senior Notes | |||||||||||||||||||
On July 13, 2012, Telecommunications issued $800.0 million of unsecured senior notes (the “5.75% Notes”) due July 15, 2020. The Notes accrue interest at a rate of 5.75% and were issued at par. Interest on the 5.75% Notes is due semi-annually on July 15 and January 15 of each year beginning on January 15, 2013. The Company incurred deferred financing fees of $14.0 million in relation to this transaction which are being amortized through the maturity date. The Company used the net proceeds from this offering to (1) repay all amounts outstanding under the Mobilitie Bridge Loan and (2) repay all amounts outstanding under the Revolving Credit Facility. The remaining proceeds were used for general corporate purposes. | |||||||||||||||||||
In connection with the issuance of the 5.75% Notes, we entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with J.P. Morgan Securities LLC, as representative of the Initial Purchasers. Pursuant to the terms of the Registration Rights Agreement, SBAC and Telecommunications filed a registration statement, which was declared effective, with respect to an offer to exchange the 5.75% Notes for new notes guaranteed by SBAC registered under the Securities Act of 1933, as amended (the “Securities Act”), on May 31, 2013. The exchange offer was consummated on July 5, 2013. | |||||||||||||||||||
5.625% Senior Notes | |||||||||||||||||||
On September 28, 2012, the Company issued $500.0 million of unsecured senior notes (the “5.625% Notes”) due October 1, 2019. The 5.625% Notes accrue interest at a rate of 5.625% per annum and were issued at par. Interest on the 5.625% Notes is due semi-annually on October 1 and April 1 of each year beginning on April 1, 2013. The Company incurred deferred financing fees of $8.5 million in relation to this transaction which are being amortized through the maturity date. The Company used the proceeds from the issuance of the 5.625% Notes to pay a portion of the cash consideration in the TowerCo II Holdings LLC acquisition. | |||||||||||||||||||
In connection with the issuance of the 5.625% Notes, the Company entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with J.P. Morgan Securities LLC, as representative of the Initial Purchasers. Pursuant to the terms of the Registration Rights Agreement, the Company filed a registration statement, which was declared effective, with respect to an offer to exchange the 5.625% Notes for new notes registered under the Securities Act on May 31, 2013. The exchange offer was consummated on July 5, 2013. | |||||||||||||||||||
BNDES Loans | |||||||||||||||||||
During the year ended December 31, 2013, the Company assumed several loans valued at $5.0 million as part of an acquisition in Brazil (the “BNDES Loans”). The Company also borrowed an additional $1.3 million in new loans and made repayments of $0.2 million under existing loans. The BNDES Loans have interest rates ranging from 2.5% to 6.5%. Principal and interest are due in monthly installments and ending on various dates from January 18, 2016 through July 19, 2018. As of December 31, 2013, the principal balance of the BNDES Loans was $5.8 million and the carrying value was $5.8 million. | |||||||||||||||||||
Redeemable_Noncontrolling_Inte
Redeemable Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2013 | |
Redeemable Noncontrolling Interest [Abstract] | ' |
Redeemable Noncontrolling Interests | ' |
14.REDEEMABLE NONCONTROLLING INTERESTS | |
In connection with the Company’s business operations in Canada and Central America, the Company entered into agreements with non-affiliated joint venture partners that contained both a put option for its partners and a call option for the Company, requiring or allowing the Company, in certain circumstances, to purchase the remaining interest in such entity at a price based on predetermined earnings multiples. Each of these options is triggered upon the occurrence of specified events and/or upon the passage of time. During 2011, the Company paid approximately $0.7 million to purchase the outstanding 4.6% interest in the Canadian joint venture increasing the Company’s interest in that joint venture to 100%. The noncontrolling interest in the Central American joint venture is classified as a redeemable equity interest in mezzanine (or temporary equity) on the Company’s Consolidated Balance Sheets. | |
The Company allocates income and losses to the noncontrolling interest holder based on the applicable membership interest percentage. After applying those provisions, the Company calculates the redemption amount at each reporting period and records the amount, if any, by which the redemption amount exceeds the book value as a charge against income (loss) available to common shareholders. | |
In March 2013, the Company acquired the remaining 10% noncontrolling interest in the Central American joint venture for consideration of $6.0 million. This acquisition increased the Company’s ownership to 100% of the joint venture. The remaining $5.7 million balance of non-controlling interest was recognized as an adjustment to additional paid in capital. The acquisition of the noncontrolling interest has been recorded in accordance with ASC 810. | |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Shareholders' Equity [Abstract] | ' |
Shareholders' Equity | ' |
15.SHAREHOLDERS’ EQUITY | |
Common Stock equivalents | |
The Company has potential common stock equivalents related to its outstanding stock options (see Note 16), restricted stock units, the 1.875% Notes and the 4.0% Notes (see Note 13). These potential common stock equivalents were not included in diluted loss per share because the effect would have been anti-dilutive for the years ended December 31, 2013, 2012 and 2011, respectively. Accordingly, basic and diluted loss per common share and the weighted average number of shares used in the computation are the same for the years presented. | |
Stock Repurchases | |
The Company’s Board of Directors authorized a stock repurchase program on April 27, 2011. This program authorizes the Company to purchase, from time to time, up to $300.0 million of the Company’s outstanding Class A common stock through open market repurchases in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors. This program became effective on April 28, 2011 and will continue until otherwise modified or terminated by the Company’s Board of Directors at any time in the Company’s sole discretion. | |
During the years ended December 31, 2013 and 2012, the Company did not repurchase any shares in conjunction with the stock repurchase program. During the year ended December 31, 2011, the Company repurchased and retired approximately 5,917,940 shares for an aggregate of $225.1 million including commissions and fees (of which $75.1 million was purchased under a previous repurchase plan). As of December 31, 2013, the Company had a remaining authorization to repurchase an additional $150.0 million of its common stock under its current $300.0 million stock repurchase program. | |
Registration of Additional Shares | |
On May 20, 2010, the Company filed a registration statement on Form S-8 with the Securities and Exchange Commission registering 15.0 million shares of the Company’s Class A common stock issuable under the 2010 Performance and Equity Incentive Plan (see Note 16). | |
The Company filed shelf registration statements on Form S-4 with the Securities and Exchange Commission registering 4.0 million shares of its Class A common stock in 2007. These shares may be issued in connection with acquisitions of wireless communication towers or antenna sites and related assets or companies that own wireless communication towers, antenna sites, or related assets. During the years ended December 31, 2013, 2012 and 2011, the Company did not issue any shares of its Class A common stock pursuant to this registration statement in connection with acquisitions. At December 31, 2013, approximately 1.7 million shares remain available for issuance under this shelf registration statement. | |
On February 27, 2012, the Company filed with the Commission an automatic shelf registration statement for well-known seasoned issuers on Form S-3ASR. This registration statement enables the Company to issue shares of the Company’s Class A common stock, preferred stock, or debt securities either separately or represented by warrants, or depositary shares as well as units that include any of these securities. Under the rules governing automatic shelf registration statements, the Company will file a prospectus supplement and advise the Commission of the amount and type of securities each time the Company issues securities under this registration statement. For the year ended December 31, 2013, the Company did not issue any securities under this automatic shelf registration statement. | |
On March 7, 2012, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (together, the “Underwriters”) pursuant to which the Company sold to the Underwriters 6,005,000 shares of the Company’s Class A common stock at $47.30 per share (proceeds of $283.9 million, net of related fees). The shares were issued and sold pursuant to the Company’s shelf registration statement on Form S-3 and prospectus supplement related thereto. On April 13, 2012, the proceeds of this offering were used to partially redeem principal balances of the Senior Notes. | |
On April 2, 2012, the Company completed the Mobilitie Acquisition. As consideration for the acquisition, the Company paid $850.0 million in cash and issued 5,250,000 shares of its Class A common stock. | |
On October 1, 2012, the Company completed the TowerCo Acquisition. As consideration for the acquisition, the Company paid $1.2 billion with cash on-hand and issued 4,588,840 shares of its Class A common stock. | |
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||||
Stock-Based Compensation | ' | ||||||||||||
16.STOCK-BASED COMPENSATION | |||||||||||||
The Company has two equity participation plans (the 2001 Equity Participation Plan and the 2010 Performance and Equity Incentive Plan, the “2010 Plan”) whereby options (both non-qualified and incentive stock options), restricted stock units, stock appreciation rights, and other equity and performance based instruments may be granted to directors, employees, and consultants. The options and restricted stock units generally vest from the date of grant on a straight-line basis over the vesting term and generally have a seven-year or a ten-year contractual life. | |||||||||||||
Upon the adoption of the 2010 Plan by the Company’s shareholders on May 6, 2010, no further grants were permitted under the 2001 Equity Participation Plan. The 2010 Plan provides for the issuance of a maximum of 15.0 million shares of the Company’s Class A common stock; however, the aggregate number of shares that may be issued pursuant to restricted stock awards, restricted stock unit awards, stock bonus awards, performance awards, other stock-based awards, or other awards granted under the 2010 Plan will not exceed 7.5 million. As of December 31, 2013, the Company had 12.5 million shares remaining available for future issuance under the 2010 Plan. | |||||||||||||
Restricted shares of Class A common stock or options to purchase Class A common stock have been granted in the past under the Company’s equity participation plans at prices below market value at the time of grant. The Company did not have any non-cash compensation expense during the years ended December 31, 2013, 2012 and 2011, respectively, relating to the issuance of restricted shares or options to purchase Class A common stock at below market value at the time of grant. | |||||||||||||
Stock Options | |||||||||||||
The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes option-pricing model with the assumptions included in the table below. The Company uses a combination of historical data and historical volatility to establish the expected volatility. Historical data is used to estimate the expected option life and the expected forfeiture rate. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option. The following assumptions were used to estimate the fair value of options granted using the Black-Scholes option-pricing model: | |||||||||||||
For the year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Risk free interest rate | 0.51% - 1.38% | 0.58% - 0.83% | 0.66% - 2.17% | ||||||||||
Dividend yield | 0.00% | 0.00% | 0.00% | ||||||||||
Expected volatility | 25.0% - 29.0% | 53.00% | 53.90% | ||||||||||
Expected lives | 3.9 - 4.8 years | 3.8 - 4.6 years | 3.5 - 4.5 years | ||||||||||
The following table summarizes the Company’s activities with respect to its stock option plans for the years ended December 31, 2013, 2012 and 2011 as follows (dollars and number of shares in thousands, except for per share data): | |||||||||||||
Weighted- | |||||||||||||
Weighted- | Average | ||||||||||||
Average | Remaining | ||||||||||||
Number | Exercise Price | Contractual | Aggregate | ||||||||||
of Shares | Per Share | Life (in years) | Intrinsic Value | ||||||||||
Outstanding at December 31, 2010 | 3,786 | $ | 24.78 | ||||||||||
Granted | 578 | $ | 41.91 | ||||||||||
Exercised | -704 | $ | 21.53 | ||||||||||
Canceled | -52 | $ | 32.07 | ||||||||||
Outstanding at December 31, 2011 | 3,608 | $ | 28.06 | ||||||||||
Granted | 613 | $ | 47.58 | ||||||||||
Exercised | -1,381 | $ | 24.37 | ||||||||||
Canceled | -9 | $ | 37.71 | ||||||||||
Outstanding at December 31, 2012 | 2,831 | $ | 34.06 | ||||||||||
Granted | 984 | $ | 73.17 | ||||||||||
Exercised | -776 | $ | 27.57 | ||||||||||
Canceled | -60 | $ | 52.54 | ||||||||||
Outstanding at December 31, 2013 | 2,979 | $ | 48.30 | 4.3 | $ | 123,769 | |||||||
Exercisable at December 31, 2013 | 1,194 | $ | 31.17 | 2.6 | $ | 70,033 | |||||||
Unvested at December 31, 2013 | 1,785 | $ | 59.74 | 5.5 | $ | 53,736 | |||||||
The weighted-average fair value of options granted during the years ended December 31, 2013, 2012 and 2011 was $17.38, $20.31, and $18.53, respectively. | |||||||||||||
The total intrinsic value for options exercised during the years ended December 31, 2013, 2012 and 2011 was $39.3 million, $49.0 million and $12.7 million, respectively. Cash received from option exercises under all plans for the years ended December 31, 2013, 2012 and 2011 was approximately $21.4 million, $32.0 million, and $15.2 million, respectively. No tax benefit was realized for the tax deductions from option exercises under all plans for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||
The aggregate intrinsic value for stock options in the preceding table represents the total intrinsic value based on the Company’s closing stock price of $89.84 as of December 31, 2013. The amount represents the total intrinsic value that would have been received by the holders of the stock-based awards had these awards been exercised and sold as of that date. | |||||||||||||
Additional information regarding options outstanding and exercisable at December 31, 2013 is as follows: | |||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||
Weighted | Weighted | ||||||||||||
Weighted Average | Average | Average | |||||||||||
Range | Outstanding | Contractual Life | Exercise Price | Exercisable | Exercise Price | ||||||||
(in thousands) | (in years) | (in thousands) | |||||||||||
$0.00 - $10.50 | 9 | 1.1 | $ | 8.56 | 9 | $ | 8.56 | ||||||
$10.51 - $21.00 | 340 | 2.1 | $ | 19.41 | 340 | $ | 19.41 | ||||||
$21.01 - $31.50 | 104 | 3.0 | $ | 27.53 | 95 | $ | 27.39 | ||||||
$31.51 - $60.00 | 1,560 | 3.8 | $ | 40.81 | 750 | $ | 37.26 | ||||||
$60.01 - $79.67 | 966 | 6.2 | $ | 73.17 | — | $ | 0.00 | ||||||
2,979 | 1,194 | ||||||||||||
The following table summarizes the activity of options outstanding that had not yet vested: | |||||||||||||
Weighted- | |||||||||||||
Average | |||||||||||||
Number | Fair Value | ||||||||||||
of Shares | Per Share | ||||||||||||
(in thousands) | |||||||||||||
Unvested as of December 31, 2012 | 1,526 | $ | 17.20 | ||||||||||
Shares granted | 984 | $ | 17.38 | ||||||||||
Vesting during period | -665 | $ | 14.79 | ||||||||||
Forfeited or canceled | -60 | $ | 18.52 | ||||||||||
Unvested as of December 31, 2013 | 1,785 | $ | 18.15 | ||||||||||
As of December 31, 2013, the total unrecognized compensation cost related to unvested stock options outstanding under the Plans is $22.9 million. That cost is expected to be recognized over a weighted average period of 2.65 years. | |||||||||||||
The total fair value of shares vested during 2013, 2012, and 2011 was $9.8 million, $9.0 million, and $9.0 million, respectively. | |||||||||||||
Restricted Stock Units | |||||||||||||
The following table summarized the Company’s restricted stock unit activity for the year ended December 31, 2013: | |||||||||||||
Weighted- | |||||||||||||
Average | |||||||||||||
Grant Date | |||||||||||||
Number of | Fair Value per | ||||||||||||
Units | Share | ||||||||||||
(in thousands) | |||||||||||||
Outstanding at December 31, 2012 | 294 | $ | 43.27 | ||||||||||
Granted | 122 | $ | 73.44 | ||||||||||
Vested | -100 | $ | 41.82 | ||||||||||
Forfeited/canceled | -11 | $ | 49.03 | ||||||||||
Outstanding at December 31, 2013 | 305 | $ | 55.60 | ||||||||||
Expected to vest, net of estimated forfeitures | |||||||||||||
as of December 31, 2013 | 303 | $ | 55.69 | ||||||||||
As of December 31, 2013, total unrecognized compensation expense related to unvested restricted stock units granted under the 2010 Plan was $11.9 million and is expected to be recognized over a weighted-average period of 2.40 years. | |||||||||||||
Employee Stock Purchase Plan | |||||||||||||
In 2008, the Board of Directors of the Company adopted the 2008 Employee Stock Purchase Plan (“2008 Purchase Plan”) which reserved 500,000 shares of Class A common stock for purchase. The 2008 Purchase Plan permits eligible employee participants to purchase Class A common stock at a price per share which is equal to 85% of the fair market value of Class A common stock on the last day of an offering period. | |||||||||||||
For the year ended December 31, 2013, 25,604 shares of Class A common stock were issued under the 2008 Purchase Plan, which resulted in cash proceeds to the Company of approximately $1.7 million, compared to the year ended December 31, 2012 when approximately 23,724 shares of Class A common stock were issued under the 2008 Purchase Plan which resulted in cash proceeds to the Company of $1.1 million. At December 31, 2013, 354,441 shares remained available for issuance under the 2008 Purchase Plan. In addition, the Company recorded $0.3 million, $0.2 million, and $0.2 million of non-cash compensation expense relating to the shares issued under the 2008 Purchase Plans for each of the years ended December 31, 2013, 2012, and 2011. | |||||||||||||
Non-Cash Compensation Expense | |||||||||||||
The table below reflects a break out by category of the non-cash compensation expense amounts recognized on the Company’s Statements of Operations for the years ended December 31, 2013, 2012, and 2011, respectively: | |||||||||||||
For the year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(in thousands) | |||||||||||||
Cost of revenues | $ | 230 | $ | 187 | $ | 187 | |||||||
Selling, general and administrative | 16,975 | 13,781 | 11,282 | ||||||||||
Total cost of non-cash compensation included | |||||||||||||
in loss before provision for income taxes | 17,205 | 13,968 | 11,469 | ||||||||||
Amount of income tax recognized in earnings | — | — | — | ||||||||||
Amount charged against loss | $ | 17,205 | $ | 13,968 | $ | 11,469 | |||||||
In addition, the Company capitalized $0.2 million, $0.2 million and $0.2 million of non-cash compensation for the years ended December 31, 2013, 2012 and 2011, respectively, to fixed and intangible assets. | |||||||||||||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Taxes [Abstract] | ' | |||||||||
Income Taxes | ' | |||||||||
17.INCOME TAXES | ||||||||||
Loss before provision for income taxes from continuing operations by geographic area is as follows: | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Domestic | $ | -45,429 | $ | -175,679 | $ | -118,671 | ||||
Foreign | -11,789 | -1,413 | -6,108 | |||||||
Total | $ | -57,218 | $ | -177,092 | $ | -124,779 | ||||
The provision for income taxes on continuing operations consists of the following components: | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Current (benefit) provision | ||||||||||
Federal (1) | $ | — | $ | -1,237 | $ | — | ||||
State (1) | 387 | 2,702 | 2,191 | |||||||
Foreign | 4,946 | 3,769 | 1,608 | |||||||
Total current | 5,333 | 5,234 | 3,799 | |||||||
Deferred (benefit) provision for taxes: | ||||||||||
Federal | -11,977 | -53,501 | -38,303 | |||||||
State | -3,272 | -13,750 | -5,111 | |||||||
Foreign | -9,013 | -1 | -1,104 | |||||||
Increase in valuation allowance | 17,620 | 68,612 | 42,832 | |||||||
Total deferred | -6,642 | 1,360 | -1,686 | |||||||
Total (benefit) provision for income taxes | $ | -1,309 | $ | 6,594 | $ | 2,113 | ||||
(1)Included in the 2012 current provision for income taxes on continuing operations is a benefit of $1.5 million that is an offset to the tax expense netted in discontinued operations. Of the $1.5 million benefit, $1.2 million relates to federal taxes and $0.3 million relates to state taxes. | ||||||||||
A reconciliation of the provision for income taxes on continuing operations at the statutory U.S. Federal tax rate (35%) and the effective income tax rate is as follows: | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Statutory Federal benefit | $ | -20,027 | $ | -61,982 | $ | -43,673 | ||||
Foreign tax expense | 2,870 | 1,878 | 1,576 | |||||||
State and local taxes benefit | -1,875 | -7,181 | -1,898 | |||||||
Non-deductible foreign expenses | 2,605 | 987 | — | |||||||
Foreign tax rate change | -4,960 | — | — | |||||||
Other | 2,458 | 4,280 | 3,276 | |||||||
Valuation allowance | 17,620 | 68,612 | 42,832 | |||||||
(Benefit) provision for income taxes | $ | -1,309 | $ | 6,594 | $ | 2,113 | ||||
The components of the net deferred income tax asset (liability) accounts are as follows: | ||||||||||
As of December 31, | ||||||||||
2013 | 2012 (3) | |||||||||
(in thousands) | ||||||||||
Current deferred tax assets: | ||||||||||
Allowance for doubtful accounts | $ | 241 | $ | 648 | ||||||
Deferred revenue | 35,970 | 30,237 | ||||||||
Accrued liabilities | 14,862 | 4,891 | ||||||||
Valuation allowance | -21,187 | -15,374 | ||||||||
Total current deferred tax assets, net (1) | $ | 29,886 | $ | 20,402 | ||||||
Noncurrent deferred tax assets: | ||||||||||
Net operating losses | $ | 438,608 | $ | 436,083 | ||||||
Property, equipment, and intangible basis differences | 47,602 | 46,357 | ||||||||
Accrued liabilities | 26,087 | 15,259 | ||||||||
Non-cash compensation | 8,582 | 7,448 | ||||||||
Valuation allowance | -225,339 | -218,310 | ||||||||
Other | 2,527 | 5,081 | ||||||||
Total noncurrent deferred tax assets, net (2) | 298,067 | 291,918 | ||||||||
Noncurrent deferred tax liabilities: | ||||||||||
Property, equipment, and intangible basis differences | -339,037 | -318,446 | ||||||||
Convertible debt instruments | -2,006 | -3,660 | ||||||||
Straight-line rents | -17,463 | -4,259 | ||||||||
Other | -8,079 | -6,631 | ||||||||
Total noncurrent deferred tax liabilities, net (2) | $ | -68,518 | $ | -41,078 | ||||||
(1)Amounts are included in Prepaid and other current assets on the Consolidated Balance Sheets. | ||||||||||
(2)Of these amounts, $232 and $(68,750) are included in the Other assets and Other long-term liabilities, respectively on the accompanying Consolidated Balance Sheets as of December 31, 2013. As of December 31, 2012, $148 and $(41,225) are included in the Other assets and Other long-term liabilities on the accompanying Consolidated Balance Sheet. | ||||||||||
(3)The prior year amounts reflect a recast of the valuation allowance. | ||||||||||
Valuation allowances of $246.5 million and $233.7 million were being carried to offset net deferred income tax assets as of December 31, 2013 and 2012, respectively. The net increase in the valuation allowance for the years ended December 31, 2013 and 2012 was $12.8 million and $57.9 million, respectively. At December 31, 2013 the valuation allowance related to federal and state tax credit carryovers was approximately $2.0 million and $0.4 million, respectively. These tax credits expire beginning 2017. | ||||||||||
The Company has available at December 31, 2013, a net federal operating tax loss carry-forward of approximately $1.2 billion and an additional $185.5 million of net operating tax loss carry forward from stock options which will benefit additional paid-in capital when the loss is utilized. These net operating tax loss carry-forwards will expire between 2019 and 2033. The Internal Revenue Code places limitations upon the future availability of net operating losses based upon changes in the equity of the Company. If these occur, the ability of the Company to offset future income with existing net operating losses may be limited. In addition, the Company has available at December 31, 2013, a foreign net operating loss carry-forward of $36.3 million and a net state operating tax loss carry-forward of approximately $594.8 million. These net operating tax loss carry-forwards expire beginning 2014. | ||||||||||
The Company elected a new Guatemala tax filing method effective January 1, 2014 which resulted in a reduction of deferred tax expense in the amount of $3.6 million. The Company also recorded a benefit from a Nicaragua tax rate reduction in the amount of $1.4 million. | ||||||||||
In accordance with the Company’s methodology for determining when stock option deductions are deemed realized, the Company utilizes a “with-and-without” approach that will result in a benefit not being recorded in APIC if the amount of available net operating loss carry-forwards generated from operations is sufficient to offset the current year taxable income. | ||||||||||
The Company does not expect to remit earnings from its foreign subsidiaries. Undistributed earnings of the Company’s foreign subsidiaries amounted to approximately $9.8 million at December 31, 2013. Those earnings are considered to be permanently reinvested and, accordingly, no U.S. Federal and state income taxes have been provided thereon. Upon distribution of those earnings in the form of dividends or otherwise, the Company could be subject to both U.S. income taxes (subject to an adjustment for foreign tax credits) and withholding taxes payable to various foreign countries. | ||||||||||
Commitments_And_Contingencies
Commitments And Contingencies | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Commitments And Contingencies [Abstract] | ' | ||||||
Commitments And Contingencies | ' | ||||||
18.COMMITMENTS AND CONTINGENCIES | |||||||
Leases | |||||||
The Company is obligated under various non-cancelable operating leases for land, office space, equipment and site leases that expire at various times through December 2112. In addition, the Company is obligated under various non-cancelable capital leases for vehicles that expire at various times through December 2017. | |||||||
The annual minimum lease payments under non-cancelable operating and capital leases in effect as of December 31, 2013 are as follows (in thousands): | |||||||
For the year ended December 31, | Capital Leases | Operating Leases | |||||
2014 | $ | 1,743 | $ | 142,461 | |||
2015 | 1,340 | 143,508 | |||||
2016 | 649 | 144,426 | |||||
2017 | 173 | 146,051 | |||||
2018 | — | 147,448 | |||||
Thereafter | — | 2,740,007 | |||||
Total minimum lease payments | 3,905 | $ | 3,463,901 | ||||
Less: amount representing interest | -226 | ||||||
Present value of future payments | 3,679 | ||||||
Less: current obligations | -1,715 | ||||||
Long-term obligations | $ | 1,964 | |||||
Future minimum rental payments under noncancelable ground leases include payments for certain renewal periods at the Company’s option because failure to renew could result in a loss of the applicable tower and related revenue from tenant leases, thereby making it reasonably assured that the Company will renew the lease. The majority of operating leases provide for renewal at varying escalations. Fixed rate escalations have been included in the table disclosed above. | |||||||
Rent expense for operating leases was $196.3 million, $133.1 million and $82.8 million for the years ended December 31, 2013, 2012 and 2011, respectively. In addition, certain of the Company’s leases include contingent rent provisions which provide for the lessor to receive additional rent upon the attainment of certain tower operating results and/or lease-up. Contingent rent expense for the years ended December 31, 2013, 2012 and 2011 was $20.3 million, $16.1 million and $13.7 million, respectively. | |||||||
Tenant Leases | |||||||
The annual minimum tower lease income to be received for tower space and antenna rental under non-cancelable operating leases in effect as of December 31, 2013 is as follows: | |||||||
For the year ended December 31, | (in thousands) | ||||||
2014 | $ | 1,095,392 | |||||
2015 | 999,859 | ||||||
2016 | 873,919 | ||||||
2017 | 757,558 | ||||||
2018 | 614,259 | ||||||
Thereafter | 3,611,317 | ||||||
Total | $ | 7,952,304 | |||||
The Company’s tenant leases provide for annual escalations and multiple renewal periods, at the tenant’s option. The tenant rental payments disclosed in the table above do not assume exercise of tenant renewal options, however, fixed rate escalations have been included. | |||||||
Litigation | |||||||
The Company is involved in various claims, lawsuits and proceedings arising in the ordinary course of business. While there are uncertainties inherent in the ultimate outcome of such matters and it is impossible to presently determine the ultimate costs that may be incurred, management believes the resolution of such uncertainties and the incurrence of such costs will not have a material adverse effect on the Company’s consolidated financial position, results of operations or liquidity. | |||||||
Contingent Purchase Obligations | |||||||
As discussed in Note 6, from time to time, the Company agrees to pay additional consideration (or earnouts) for acquisitions if the towers or businesses that are acquired meet or exceed certain performance targets in the one to three years after they have been acquired. For the years ended December 31, 2013 and 2012, certain earnings targets associated with the acquired towers were achieved, and therefore, the Company paid in cash $9.3 million and $5.9 million, respectively. As of December 31, 2013, the Company’s estimate of its potential obligation if the performance targets contained in various acquisition agreements were met was $30.1 million which the Company recorded in accrued expenses. The maximum potential obligation related to the performance targets was $42.1 million and $17.1 million as of December 31, 2013 and December 31, 2012, respectively. | |||||||
Defined_Contribution_Plan
Defined Contribution Plan | 12 Months Ended |
Dec. 31, 2013 | |
Defined Contribution Plan [Abstract] | ' |
Defined Contribution Plan | ' |
19.DEFINED CONTRIBUTION PLAN | |
The Company has a defined contribution profit sharing plan under Section 401(k) of the Internal Revenue Code that provides for voluntary employee contributions up to the limitations set forth in Section 402(g) of the Internal Revenue Code. Employees have the opportunity to participate following completion of three months of employment and must be 21 years of age. Employer matching begins immediately upon the employee’s participation in the plan. | |
For the years ended December 31, 2011 and December 31, 2012 and through June 30, 2013, the Company made a discretionary matching contribution of 50% of an employee’s contributions up to a maximum of $3,000 annually. Effective July 1, 2013, the Company made a discretionary matching contribution of 75% of an employee’s contributions up to a maximum of $4,000 annually. Company matching contributions were approximately $1.6 million, $1.0 million and $0.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |
Segment_Data
Segment Data | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment Data [Abstract] | ' | ||||||||||||
Segment Data | ' | ||||||||||||
20.SEGMENT DATA | |||||||||||||
The Company operates principally in two business segments: site leasing and site development. The Company’s reportable segments are strategic business units that offer different services. They are managed separately based on the fundamental differences in their operations. The site leasing segment includes results of the managed and sublease businesses. The site development segment includes the results of both consulting and construction related activities. | |||||||||||||
Revenues, cost of revenues (exclusive of depreciation, accretion and amortization), capital expenditures (including assets acquired through the issuance of shares of the Company’s Class A common stock) and identifiable assets pertaining to the segments in which the Company continues to operate are presented below: | |||||||||||||
Not | |||||||||||||
Site | Site | Identified by | |||||||||||
Leasing | Development | Segment (1) | Total | ||||||||||
(in thousands) | |||||||||||||
For the year ended December 31, 2013 | |||||||||||||
Revenues | $ | 1,133,013 | $ | 171,853 | $ | — | $ | 1,304,866 | |||||
Cost of revenues (2) | 270,772 | 137,481 | — | 408,253 | |||||||||
Depreciation, amortization and accretion | 529,026 | 2,280 | 2,028 | 533,334 | |||||||||
Operating income (loss) | 215,672 | 24,332 | -10,359 | 229,645 | |||||||||
Capital expenditures (3) | 850,037 | 6,693 | 105 | 856,835 | |||||||||
For the year ended December 31, 2012 | |||||||||||||
Revenues | $ | 846,094 | $ | 107,990 | $ | — | $ | 954,084 | |||||
Cost of revenues (2) | 188,951 | 90,556 | — | 279,507 | |||||||||
Depreciation, amortization and accretion | 404,976 | 2,118 | 1,373 | 408,467 | |||||||||
Operating income (loss) | 149,642 | 7,129 | -9,625 | 147,146 | |||||||||
Capital expenditures (3) | 2,364,212 | 6,466 | 3,751 | 2,374,429 | |||||||||
For the year ended December 31, 2011 | |||||||||||||
Revenues | $ | 616,294 | $ | 81,876 | $ | — | $ | 698,170 | |||||
Cost of revenues (2) | 131,916 | 71,005 | — | 202,921 | |||||||||
Depreciation, amortization and accretion | 306,386 | 1,583 | 1,177 | 309,146 | |||||||||
Operating income (loss) | 116,681 | 2,077 | -8,099 | 110,659 | |||||||||
Capital expenditures (3) | 502,222 | 3,935 | 2,671 | 508,828 | |||||||||
Assets | |||||||||||||
As of December 31, 2013 | $ | 6,468,370 | $ | 76,214 | $ | 238,604 | $ | 6,783,188 | |||||
As of December 31, 2012 | 6,422,577 | 58,804 | 134,530 | 6,615,911 | |||||||||
(1)Assets not identified by segment consist primarily of general corporate assets. | |||||||||||||
(2)Excludes depreciation, amortization, and accretion. | |||||||||||||
(3)Includes cash paid for capital expenditures and acquisitions and related earn-outs and vehicle capital lease additions. | |||||||||||||
For the year ended December 31, 2013, 2012, and 2011, the Company’s leasing revenues generated outside of the United States were 7.4%, 5.7%, and 3.4%, respectively, of total consolidated leasing revenues. As of December 31, 2013 and December 31, 2012, the Company’s total assets outside of the United States were 15.3% and 12.2%, respectively, of total consolidated assets. Total assets held outside of the United States at December 31, 2012 included $178.1 million of cash in Brazil, which was part of the Vivo acquisition, and paid in January 2013. | |||||||||||||
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Quarterly Financial Data [Abstract] | ' | ||||||||||||
Quarterly Financial Data | ' | ||||||||||||
21.QUARTERLY FINANCIAL DATA (unaudited) | |||||||||||||
Quarter Ended | |||||||||||||
December 31, | September 30, | June 30, | March 31, | ||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||
(in thousands, except per share amounts) | |||||||||||||
Revenues | $ | 335,396 | $ | 332,094 | $ | 324,305 | $ | 313,071 | |||||
Operating income | 59,445 | 63,902 | 49,534 | 56,764 | |||||||||
Depreciation, accretion, and amortization | -133,328 | -133,281 | -141,089 | -125,636 | |||||||||
Loss from extinguishment of debt, net | -336 | -3 | -5,618 | -142 | |||||||||
Net income (loss) attributable to SBA Communications Corporation | -19,164 | 21,531 | -35,899 | -22,377 | |||||||||
Net income (loss) per common share - basic | $ | -0.15 | $ | 0.17 | $ | -0.28 | $ | -0.18 | |||||
Net income (loss) per common share - diluted | -0.15 | 0.16 | -0.28 | -0.18 | |||||||||
Quarter Ended | |||||||||||||
December 31, | September 30, | June 30, | March 31, | ||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||
(in thousands, except per share amounts) | |||||||||||||
Revenues | $ | 293,841 | $ | 238,606 | $ | 229,147 | $ | 192,490 | |||||
Operating income | 31,048 | 41,071 | 34,738 | 40,289 | |||||||||
Depreciation, accretion, and amortization | -131,357 | -101,012 | -93,998 | -82,100 | |||||||||
Loss from extinguishment of debt, net | -2,007 | -22,643 | -27,149 | — | |||||||||
Income (loss) from discontinued operations, net of taxes | -53 | 969 | 1,380 | — | |||||||||
Net loss attributable to SBA Communications Corporation | -52,489 | -52,445 | -53,472 | -22,631 | |||||||||
Net loss per common share - basic and diluted | $ | -0.42 | $ | -0.43 | $ | -0.44 | $ | -0.2 | |||||
Basic and diluted net loss per share is computed by dividing net income by the weighted average number of shares for the period. Potentially dilutive instruments have been excluded from the computation of diluted loss per share as their impact would have been anti-dilutive. | |||||||||||||
Because loss per share amounts are calculated using the weighted average number of common and dilutive common shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total loss per share amounts for the year. | |||||||||||||
Recovered_Sheet1
Summary Of Significant Accounting Policies (Policy) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Summary Of Significant Accounting Policies [Abstract] | ' | |||||||||
Principles Of Consolidation | ' | |||||||||
Principles of Consolidation | ||||||||||
The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the Company and its majority and wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||||||||||
Use Of Estimates | ' | |||||||||
Use of Estimates | ||||||||||
The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The significant estimates made by management relate to the allowance for doubtful accounts, the costs and revenue relating to the Company’s construction contracts, stock-based compensation assumptions, valuation allowance related to deferred tax assets, fair value of long-lived assets, the useful lives of towers and intangible assets, anticipated property tax assessments, fair value of investments and asset retirement obligations. Management develops estimates based on historical experience and on various assumptions about the future that are believed to be reasonable based on the information available. These estimates ultimately may differ from actual results and such differences could be material. | ||||||||||
Cash And Cash Equivalents | ' | |||||||||
Cash and Cash Equivalents | ||||||||||
Cash and cash equivalents consist primarily of cash in banks, money market funds, commercial paper and other marketable securities with an original maturity of three months or less at the time of purchase. These investments are carried at cost, which approximates fair value. | ||||||||||
Investments | ' | |||||||||
Investments | ||||||||||
Investment securities with original maturities of more than three months but less than one year at time of purchase are considered short-term investments. The Company’s short-term investments primarily consist of certificates of deposit with maturities of less than a year. Investment securities with maturities of more than a year are considered long-term investments and are classified in other assets on the accompanying Consolidated Balance Sheets. Long-term investments primarily consist of U.S. Treasuries, mutual funds, and preferred securities. Gross purchases and sales of the Company’s investments are presented within “Cash flows from investing activities” on the Company’s Consolidated Statements of Cash Flows. | ||||||||||
The Company accounts for its equity investments in privately held companies under the cost method. The aggregate carrying value of the Company’s cost-method investments was approximately $51.7 million as of both December 31, 2013 and December 31, 2012 and is classified within other assets on the Company’s consolidated balance sheets. | ||||||||||
The Company evaluates its cost-method investments for impairment at least annually. The Company determines the fair value of its cost-method investments by considering available evidence, including general market conditions, the investee’s financial condition, near-term prospects, market comparables and subsequent rounds of financing. The Company measures and records its cost-method investments at fair value when they are deemed to be other-than-temporarily impaired. The Company did not recognize any impairment loss during the years ended December 31, 2013, December 31, 2012, and December 31, 2011. | ||||||||||
Restricted Cash | ' | |||||||||
Restricted Cash | ||||||||||
The Company classifies all cash pledged as collateral to secure certain obligations and all cash whose use is limited as restricted cash. This includes cash held in escrow to fund certain reserve accounts relating to the Tower Securities as well as for payment and performance bonds and surety bonds issued for the benefit of the Company in the ordinary course of business (see Note 4). | ||||||||||
Property And Equipment | ' | |||||||||
Property and Equipment | ||||||||||
Property and equipment are recorded at cost or at estimated fair value (in the case of acquired properties), adjusted for asset impairment and estimated asset retirement obligations. Costs associated with the development and construction of towers are capitalized as a cost of the towers. Costs for self-constructed towers include direct materials and labor, indirect costs and capitalized interest. Approximately $0.1 million, $0.3 million, and $0.5 million of interest cost was capitalized in 2013, 2012 and 2011, respectively. | ||||||||||
Depreciation on towers and related components is provided using the straight-line method over the estimated useful lives, not to exceed the minimum lease term of the underlying ground lease. The Company defines the minimum lease term as the shorter of the period from lease inception through the end of the term of all tenant lease obligations in existence at ground lease inception, including renewal periods, or the ground lease term, including renewal periods. If no tenant lease obligation exists at the date of ground lease inception, the initial term of the ground lease is considered the minimum lease term. Leasehold improvements are amortized on a straight-line basis over the shorter of the useful life of the improvement or the minimum lease term of the lease. For all other property and equipment, depreciation is provided using the straight-line method over the estimated useful lives. | ||||||||||
The Company performs ongoing evaluations of the estimated useful lives of its property and equipment for depreciation purposes. The estimated useful lives are determined and continually evaluated based on the period over which services are expected to be rendered by the asset. If the useful lives of assets are reduced, depreciation may be accelerated in future years. Property and equipment under capital leases are amortized on a straight-line basis over the term of the lease or the remaining estimated life of the leased property, whichever is shorter, and the related amortization is included in depreciation expense. Expenditures for maintenance and repair are expensed as incurred. | ||||||||||
Asset classes and related estimated useful lives are as follows: | ||||||||||
Towers and related components | 3 - 15 years | |||||||||
Furniture, equipment and vehicles | 2 - 7 years | |||||||||
Buildings and improvements | 5 - 10 years | |||||||||
Betterments, improvements, and significant repairs, which increase the value or extend the life of an asset, are capitalized and depreciated over the remaining estimated useful life of the respective asset. Changes in an asset’s estimated useful life are accounted for prospectively, with the book value of the asset at the time of the change being depreciated over the revised remaining useful life. There has been no material impact for changes in estimated useful lives for any years presented. | ||||||||||
Deferred Financing Fees | ' | |||||||||
Deferred Financing Fees | ||||||||||
Financing fees related to the issuance of debt have been deferred and are being amortized using the effective interest rate method over the expected duration of the related indebtedness (see Note 13). | ||||||||||
Deferred Lease Costs | ' | |||||||||
Deferred Lease Costs | ||||||||||
The Company defers certain initial direct costs associated with the origination of tenant leases and lease amendments and amortizes these costs over the initial lease term or over the lease term remaining if related to a lease amendment. Such deferred costs were approximately $12.8 million, $10.2 million, and $5.1 million in 2013, 2012, and 2011, respectively. Amortization expense was $5.5 million, $4.6 million, and $4.6 million for the years ended December 31, 2013, 2012 and 2011, respectively, and is included in cost of site leasing on the accompanying Consolidated Statements of Operations. As of December 31, 2013 and 2012, unamortized deferred lease costs were $22.9 million and $15.6 million, respectively, and are included in other assets on the accompanying Consolidated Balance Sheets. | ||||||||||
Intangible Assets | ' | |||||||||
Intangible Assets | ||||||||||
The Company classifies as intangible assets the fair value of current leases in place at the acquisition date of towers and related assets (referred to as the “Current contract intangibles”), and the fair value of future tenant leases anticipated to be added to the acquired towers (referred to as the “Network location intangibles”). These intangibles are estimated to have a useful life consistent with the useful life of the related tower assets, which is typically 15 years. For all intangible assets, amortization is provided using the straight-line method over the estimated useful lives as the benefit associated with these intangible assets is anticipated to be derived evenly over the life of the asset. | ||||||||||
Impairment Of Long-Lived Assets | ' | |||||||||
Impairment of Long-Lived Assets | ||||||||||
The Company evaluates its individual long-lived and related assets with finite lives for indicators of impairment to determine when an impairment analysis should be performed. The Company evaluates its tower assets and Current contract intangibles at the tower level, which is the lowest level for which identifiable cash flows exists. The Company evaluates its Network location intangibles for impairment at the tower leasing business level whenever indicators of impairment are present. The Company has established a policy to at least annually evaluate its tower assets and Current contract intangibles for impairment. | ||||||||||
The Company records an impairment charge when the Company believes an investment in towers or related assets has been impaired, such that future undiscounted cash flows would not recover the then current carrying value of the investment in the tower and related intangible. Estimates and assumptions inherent in the impairment evaluation include, but are not limited to, general market and economic conditions, historical operating results, geographic location, lease-up potential and expected timing of lease-up. In addition, the Company makes certain assumptions in determining an asset’s fair value for the purpose of calculating the amount of an impairment charge. The Company recorded an impairment charge of $29.0 million, $6.4 million, and $5.5 million for the years ended December 31, 2013, 2012 and 2011, respectively, which includes the write off of $23.1 million in carrying value of decommissioned communication sites and the incurrence of other third party decommission costs, related to its long-lived assets and intangibles for the year ended December 31, 2013. There were no write offs for decommissioned towers or the incurrence of other third party decommission costs, related to its long-lived assets and intangibles for the years ended December 31, 2012 or 2011. | ||||||||||
Fair Value Measurements | ' | |||||||||
Fair Value Measurements | ||||||||||
The Company determines the fair market values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following three levels of inputs may be used to measure fair value: | ||||||||||
Level 1 | Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. | |||||||||
Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | |||||||||
Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||
Revenue Recognition | ' | |||||||||
Revenue Recognition | ||||||||||
Revenue from site leasing is recorded monthly and recognized on a straight-line basis over the current term of the related lease agreements, which are generally five to ten years. Receivables recorded related to the straight-lining of site leases are reflected in other assets on the Consolidated Balance Sheets. Rental amounts received in advance are recorded as deferred revenue on the Consolidated Balance Sheets. | ||||||||||
Site development projects in which the Company performs consulting services include contracts on a time and materials basis or a fixed price basis. Time and materials based contracts are billed at contractual rates as the services are rendered. For those site development contracts in which the Company performs work on a fixed price basis, site development billing (and revenue recognition) is based on the completion of agreed upon phases of the project on a per site basis. Upon the completion of each phase on a per site basis, the Company recognizes the revenue related to that phase. Site development projects generally take from 3 to 12 months to complete. | ||||||||||
Revenue from construction projects is recognized on the percentage-of-completion method of accounting, determined by the percentage of cost incurred to date compared to management’s estimated total cost for each contract. This method is used because management considers total cost to be the best available measure of progress on the contracts. These amounts are based on estimates, and the uncertainty inherent in the estimates initially is reduced as work on the contracts nears completion. The asset “costs and estimated earnings in excess of billings on uncompleted contracts” represents costs incurred and revenues recognized in excess of amounts billed. The liability “billings in excess of costs and estimated earnings on uncompleted contracts,” included within other current liabilities on the Company’s Consolidated Balance Sheets, represents billings in excess of costs incurred and revenues recognized. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined to be probable. | ||||||||||
On October 31, 2011, the Company entered into a Master Amendment with one of its wireless service provider customers. The Master Amendment serves as a separate amendment to each individual existing tenant lease agreement that the Company is currently a party to with that customer. Among other items, the Master Amendment (1) extends the current term of the individual leases, (2) permits the customer limited early termination rights which will be exercisable over a multi-year period, commencing in the second half of 2013, on a specific number of the existing leases, (3) allows the customer to make certain specific equipment changes at the towers in exchange for an increase in monthly rental payment due from the customer, and (4) slightly modifies the existing monthly lease rates of certain leases. The customer’s early termination rights are limited with respect to the aggregate number of leases that may be terminated and the number that may be terminated in any quarter. Certain of the specific leases to be terminated early and the timing of such terminations has not been determined as of the date of this filing. As a result, for accounting and financial statement purposes, the Company has made assumptions with regard to the remaining leases to be terminated and the timing of the terminations. The Company has assumed that the customer will terminate the maximum number of leases allowable in each quarter, selecting the highest rental rate leases at the earliest allowable dates. The Company believes that these assumptions will ensure that only the minimum known revenue for the pool of leases covered by the Master Agreement will be accrued on a straight-line basis. The Company’s balance sheet and statement of operations reflect these assumptions. The actual leases that the customer terminates and the timing and number of terminations may or may not be those that we have identified in our assumptions. The Company will monitor actual results and elections under the Master Amendment and record any differences from previously made assumptions on a quarterly basis. To the extent that the actual results materially differ from the assumptions made, the Company will disclose the impact of these adjustments. | ||||||||||
Allowance For Doubtful accounts | ' | |||||||||
Allowance for Doubtful accounts | ||||||||||
The Company performs periodic credit evaluations of its customers. The Company monitors collections and payments from its customers and maintains a provision for estimated credit losses based upon historical experience, specific customer collection issues identified, and past due balances as determined based on contractual terms. Interest is charged on outstanding receivables from customers on a case by case basis in accordance with the terms of the respective contracts or agreements with those customers. Amounts determined to be uncollectible are written off against the allowance for doubtful accounts in the period in which uncollectibility is determined to be probable. | ||||||||||
The following is a rollforward of the allowance for doubtful accounts for the years ended December 31, 2013, 2012, and 2011 | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Beginning balance | $ | 246 | $ | 135 | $ | 263 | ||||
Provision for doubtful accounts | 770 | 330 | 70 | |||||||
Write-offs, net of recoveries | -330 | -219 | -198 | |||||||
Ending balance | $ | 686 | $ | 246 | $ | 135 | ||||
Cost Of Revenue | ' | |||||||||
Cost of Revenue | ||||||||||
Cost of site leasing revenue includes ground lease rent, property taxes, amortization of deferred lease costs, maintenance and other tower operating expenses. All ground lease rental obligations due to be paid out over the lease term, including fixed escalations, are recorded on a straight-line basis over the minimum lease term. Liabilities recorded related to the straight-lining of ground leases are reflected in other long-term liabilities on the Consolidated Balance Sheets. Cost of site development revenue includes the cost of materials, salaries and labor costs, including payroll taxes, subcontract labor, vehicle expense and other costs directly and indirectly related to the projects. All costs related to site development projects are recognized as incurred. | ||||||||||
Income Taxes | ' | |||||||||
Income Taxes | ||||||||||
The Company had taxable losses during the years ended December 31, 2013, 2012 and 2011, and as a result, net operating loss carry-forwards have been generated. The majority of these net operating loss carry-forwards are fully reserved as management believes it is not “more-likely-than-not” that the Company will generate sufficient taxable income in future periods to recognize the losses. The tax years 1999 through 2013 remain open to examination by the major jurisdictions in which the Company operates. | ||||||||||
The Company determines whether it is “more-likely-than-not” that a tax position taken in an income tax return will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the position is measured to determine the amount of benefit to recognize in the financial statements. The Company has not identified any tax exposures that require a reserve. In the future, to the extent that the Company records unrecognized tax exposures, any related interest and penalties will be recognized as interest expense in the Company’s Consolidated Statements of Operations. | ||||||||||
The Company does not calculate U.S. taxes on undistributed earnings of foreign subsidiaries because substantially all such earnings are expected to be reinvested indefinitely. | ||||||||||
Stock-Based Compensation | ' | |||||||||
Stock-Based Compensation | ||||||||||
The Company measures and recognizes compensation expense for all share-based payment awards made to employees and directors, including stock options, restricted stock units and employee stock purchases under employee stock purchase plans. The Company records compensation expense, net of estimated forfeitures, for stock options and restricted stock units on a straight-line basis over the vesting period. Compensation expense for employee stock options is based on the estimated fair value of the options on the date of the grant using the Black-Scholes option-pricing model. Any stock options granted to non-employees would be valued using the Black-Scholes option-pricing model based on the market price of the underlying common stock on the “valuation date,” which for options to non-employees is the vesting date. Expense related to options granted to non-employees would be recognized on a straight-line basis over the shorter of the period over which services are to be received or the vesting period. Compensation expense for restricted stock units is based on the fair market value of the units awarded at the date of the grant. | ||||||||||
Asset Retirement Obligations | ' | |||||||||
Asset Retirement Obligations | ||||||||||
The Company has entered into ground leases for the land underlying the majority of the Company’s towers. A majority of these leases require the Company to restore leaseholds to their original condition upon termination of the ground lease. | ||||||||||
The Company recognizes asset retirement obligations in the period in which they are incurred, if a reasonable estimate of a fair value can be made, and accretes such liability through the obligation’s estimated settlement date. The associated asset retirement costs are capitalized as part of the carrying amount of the related tower fixed assets, and over time, the liability is accreted to its present value each period and the capitalized cost is depreciated over the estimated useful life of the tower. | ||||||||||
The asset retirement obligation at December 31, 2013 and December 31, 2012 was $5.3 million and $7.5 million, respectively, and is included in other long-term liabilities on the Consolidated Balance Sheets. Upon settlement of the obligations, any difference between the cost to retire an asset and the recorded liability is recorded in the Consolidated Statements of Operations as a gain or loss. In determining the measurement of the asset retirement obligations, the Company considered the nature and scope of the contractual restoration obligations contained in the Company’s third party ground leases, the historical retirement experience as an indicator of future restoration probabilities, intent in renewing existing ground leases through lease termination dates, current and future value and timing of estimated restoration costs and the credit adjusted risk-free rate used to discount future obligations. | ||||||||||
The following summarizes the activity of the asset retirement obligation liability: | ||||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Beginning balance | $ | 7,506 | $ | 5,386 | $ | 5,214 | ||||
Additions | 597 | 2,261 | 9 | |||||||
Currency translation adjustment | -42 | 1 | -2 | |||||||
Accretion expense | 512 | 333 | 250 | |||||||
Removal | -407 | -334 | — | |||||||
Revision in estimates | -2,854 | -141 | -85 | |||||||
Ending balance | $ | 5,312 | $ | 7,506 | $ | 5,386 | ||||
Loss Per Share | ' | |||||||||
Loss Per Share | ||||||||||
The Company has potential common stock equivalents related to its outstanding stock options and convertible senior notes. These potential common stock equivalents were not included in diluted loss per share because the effect would have been anti-dilutive in calculating the full year earnings per share. Accordingly, basic and diluted loss per common share and the weighted average number of shares used in the computations are the same for all periods presented in the Consolidated Statements of Operations. | ||||||||||
Comprehensive Income (Loss) | ' | |||||||||
Comprehensive Income (Loss) | ||||||||||
Comprehensive income (loss) is defined as the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner sources, and is comprised of net income (loss) and other comprehensive income (loss). | ||||||||||
Foreign Currency Translation | ' | |||||||||
Foreign Currency Translation | ||||||||||
All assets and liabilities of foreign subsidiaries that do not utilize the United States dollar as its functional currency are translated at period-end rates of exchange, while revenues and expenses are translated at monthly weighted average rates of exchange for the year. Unrealized translation gains and losses are reported as foreign currency translation adjustments through other comprehensive loss in shareholders’ equity. | ||||||||||
Reclassifications | ' | |||||||||
Reclassifications | ||||||||||
Certain reclassifications have been made to prior year amounts or balances to conform to the presentation adopted in the current year. The Company adjusted the allocation of the valuation allowance against its current and non-current deferred tax assets in the balance sheet as of December 31, 2012. The adjustment did not have any impact on the statement of operations or cash flows. | ||||||||||
Business Combinations | ' | |||||||||
Business Combinations | ||||||||||
The Company accounts for acquisitions under the acquisition method of accounting. The assets and liabilities acquired are recorded at fair market value at the date of each acquisition and the results of operations of the acquired assets are included with those of the Company from the dates of the respective acquisitions. The Company continues to evaluate all acquisitions for a period not to exceed one year after the applicable closing date of each transaction to determine whether any additional adjustments are needed to the allocation of the purchase price paid for the assets acquired and liabilities assumed as a result of information available at the acquisition date. The intangible assets represent the value associated with the current leases at the acquisition date (“Current contract intangibles”) and future tenant leases anticipated to be added to the towers (“Network location intangibles”) and were calculated using the discounted values of the current or future expected cash flows. The intangible assets are estimated to have a useful life consistent with the useful life of the related tower assets, which is typically 15 years. | ||||||||||
In connection with certain acquisitions, the Company may agree to pay additional consideration (or earnouts) if the communication sites or businesses that are acquired meet or exceed certain performance targets over a period of one to three years after they have been acquired. The Company records contingent consideration for acquisitions that occurred prior to January 1, 2009 when the contingent consideration is paid. Effective January 1, 2009, the Company accrues for contingent consideration in connection with acquisitions at fair value as of the date of the acquisition. All subsequent changes in fair value of contingent consideration are recorded through Consolidated Statements of Operations. In certain acquisitions, the additional consideration may be paid in cash or shares of Class A common stock at the Company’s option. | ||||||||||
Summary_Of_Significant_Account1
Summary Of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Summary Of Significant Accounting Policies [Abstract] | ' | |||||||||
Schedule Of Asset Classes And Related Estimated Useful Lives | ' | |||||||||
Towers and related components | 3 - 15 years | |||||||||
Furniture, equipment and vehicles | 2 - 7 years | |||||||||
Buildings and improvements | 5 - 10 years | |||||||||
Allowance For Doubtful Accounts | ' | |||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Beginning balance | $ | 246 | $ | 135 | $ | 263 | ||||
Provision for doubtful accounts | 770 | 330 | 70 | |||||||
Write-offs, net of recoveries | -330 | -219 | -198 | |||||||
Ending balance | $ | 686 | $ | 246 | $ | 135 | ||||
Summary Of Asset Retirement Obligation Activity | ' | |||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Beginning balance | $ | 7,506 | $ | 5,386 | $ | 5,214 | ||||
Additions | 597 | 2,261 | 9 | |||||||
Currency translation adjustment | -42 | 1 | -2 | |||||||
Accretion expense | 512 | 333 | 250 | |||||||
Removal | -407 | -334 | — | |||||||
Revision in estimates | -2,854 | -141 | -85 | |||||||
Ending balance | $ | 5,312 | $ | 7,506 | $ | 5,386 | ||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||
Summary Of Fair Values, Principal Balances, And Carrying Values Of Company's Debt Instruments | ' | ||||||||||||||||||
As of December 31, 2013 | As of December 31, 2012 | ||||||||||||||||||
Fair Value | Principal Balance | Carrying Value | Fair Value | Principal Balance | Carrying Value | ||||||||||||||
(in thousands) | |||||||||||||||||||
1.875% Convertible Senior Notes due 2013 | $ | — | $ | — | $ | — | $ | 714,096 | $ | 468,836 | $ | 457,351 | |||||||
4.000% Convertible Senior Notes due 2014 | 1,479,859 | 499,944 | 468,394 | 1,060,622 | 499,987 | 430,751 | |||||||||||||
8.250% Senior Notes due 2019 | 262,031 | 243,750 | 242,387 | 272,391 | 243,750 | 242,205 | |||||||||||||
5.625% Senior Notes due 2019 | 514,375 | 500,000 | 500,000 | 523,750 | 500,000 | 500,000 | |||||||||||||
5.750% Senior Notes due 2020 | 832,000 | 800,000 | 800,000 | 848,000 | 800,000 | 800,000 | |||||||||||||
4.254% 2010-1 Tower Securities | 689,717 | 680,000 | 680,000 | 713,619 | 680,000 | 680,000 | |||||||||||||
5.101% 2010-2 Tower Securities | 586,586 | 550,000 | 550,000 | 621,379 | 550,000 | 550,000 | |||||||||||||
2.933% 2012-1Tower Securities | 604,736 | 610,000 | 610,000 | 635,614 | 610,000 | 610,000 | |||||||||||||
2.240% 2013-1C Tower Securities | 408,442 | 425,000 | 425,000 | — | — | — | |||||||||||||
3.722% 2013-2C Tower Securities | 530,098 | 575,000 | 575,000 | — | — | — | |||||||||||||
3.598% 2013-1D Tower Securities | 318,856 | 330,000 | 330,000 | — | — | — | |||||||||||||
Revolving Credit Facility | 215,000 | 215,000 | 215,000 | 100,000 | 100,000 | 100,000 | |||||||||||||
2011 Term Loan B | 180,980 | 180,529 | 180,234 | 493,731 | 492,500 | 491,518 | |||||||||||||
2012-1 Term Loan A | 184,538 | 185,000 | 185,000 | 194,513 | 195,000 | 195,000 | |||||||||||||
2012-2 Term Loan B | 110,383 | 109,971 | 109,745 | 300,750 | 300,000 | 299,278 | |||||||||||||
BNDES Loans | 5,847 | 5,847 | 5,847 | — | — | — | |||||||||||||
Totals | $ | 6,923,448 | $ | 5,910,041 | $ | 5,876,607 | $ | 6,478,465 | $ | 5,440,073 | $ | 5,356,103 | |||||||
Restricted_Cash_Tables
Restricted Cash (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Restricted Cash [Abstract] | ' | ||||||||
Schedule Of Restricted Cash | ' | ||||||||
As of | |||||||||
31-Dec-13 | 31-Dec-12 | Included on Balance Sheet | |||||||
(in thousands) | |||||||||
Securitization escrow accounts | $ | 46,364 | $ | 26,774 | Restricted cash - current asset | ||||
Payment and performance bonds | 941 | 934 | Restricted cash - current asset | ||||||
Surety bonds and workers compensation | 8,991 | 11,989 | Other assets - noncurrent | ||||||
Total restricted cash | $ | 56,296 | $ | 39,697 | |||||
Other_Assets_Tables
Other Assets (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Assets [Abstract] | ' | ||||||
Schedule Of Other Assets | ' | ||||||
As of | |||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Restricted cash-LT | $ | 8,991 | $ | 11,989 | |||
Long-term investments | 52,801 | 52,939 | |||||
Prepaid land rent | 119,047 | 112,940 | |||||
Straight-line receivable | 179,292 | 116,361 | |||||
Other | 40,721 | 61,051 | |||||
Total other assets: | $ | 400,852 | $ | 355,280 | |||
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Acquisitions [Abstract] | ' | |||||||||
Schedule Of Acquisition Activity | ' | |||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Tower acquisitions (number of towers) | 2,502 | 6,630 | 1,085 | |||||||
Schedule Of Acquisition Capital Expenditures | ' | |||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Towers and related intangible assets (1) | $ | 628,423 | $ | 2,205,859 | $ | 348,950 | ||||
Ground lease land purchases (2) | 48,956 | 46,865 | 25,755 | |||||||
Earnouts | 9,324 | 5,931 | 4,615 | |||||||
Total cash acquisition capital expenditures | $ | 686,703 | $ | 2,258,655 | $ | 379,320 | ||||
-1 | Total acquisition capital expenditures for the year ended December 31, 2013, included $175.9 million related to an acquisition in Brazil which closed in the fourth quarter of 2012. | |||||||||
-2 | In addition, the Company paid $9.1 million, $9.7 million, and $9.8 million for ground lease extensions during the years ending 2013, 2012, and 2011, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheet. | |||||||||
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Discontinued Operations [Abstract] | ' | |||||||||
Components Of Discontinued Operations | ' | |||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Site leasing revenue | $ | — | $ | 5,046 | $ | — | ||||
Income from discontinued operations, net of taxes | — | 2,296 | — | |||||||
Intangible_Assets_Net_Tables
Intangible Assets, Net (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Intangible Assets, Net [Abstract] | ' | ||||||||||||||||||
Gross And Net Carrying Amounts For Each Major Class Of Intangible Assets | ' | ||||||||||||||||||
As of December 31, 2013 | As of December 31, 2012 | ||||||||||||||||||
Gross carrying | Accumulated | Net book | Gross carrying | Accumulated | Net book | ||||||||||||||
amount | amortization | value | amount | amortization | value | ||||||||||||||
(in thousands) | |||||||||||||||||||
Current contract intangibles | $ | 3,154,616 | $ | -649,861 | $ | 2,504,755 | $ | 2,744,968 | $ | -462,016 | $ | 2,282,952 | |||||||
Network location intangibles | 1,209,142 | -326,699 | 882,443 | 1,101,566 | -250,385 | 851,181 | |||||||||||||
Intangible assets, net | $ | 4,363,758 | $ | -976,560 | $ | 3,387,198 | $ | 3,846,534 | $ | -712,401 | $ | 3,134,133 | |||||||
Estimated Future Amortization Expense | ' | ||||||||||||||||||
For the year ended December 31, | (in thousands) | ||||||||||||||||||
2014 | $ | 290,716 | |||||||||||||||||
2015 | 290,716 | ||||||||||||||||||
2016 | 290,716 | ||||||||||||||||||
2017 | 290,716 | ||||||||||||||||||
2018 | 290,716 | ||||||||||||||||||
Thereafter | 1,933,618 | ||||||||||||||||||
Total | $ | 3,387,198 | |||||||||||||||||
Property_And_Equipment_Net_Tab
Property And Equipment, Net (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Property And Equipment, Net [Abstract] | ' | ||||||
Property And Equipment, Net (Including Assets Held Under Capital Leases) | ' | ||||||
As of | As of | ||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Towers and related components | $ | 3,821,482 | $ | 3,757,859 | |||
Construction-in-process | 24,275 | 25,454 | |||||
Furniture, equipment, and vehicles | 40,274 | 35,278 | |||||
Land, buildings, and improvements | 364,830 | 290,931 | |||||
4,250,861 | 4,109,522 | ||||||
Less: accumulated depreciation | -1,672,417 | -1,438,205 | |||||
Property and equipment, net | $ | 2,578,444 | $ | 2,671,317 | |||
Costs_And_Estimated_Earnings_O1
Costs And Estimated Earnings On Uncompleted Contracts (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Costs And Estimated Earnings On Uncompleted Contracts [Abstract] | ' | ||||||
Summary Of Costs And Estimated Earnings On Uncompleted Contracts | ' | ||||||
As of | As of | ||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Costs incurred on uncompleted contracts | $ | 94,145 | $ | 55,349 | |||
Estimated earnings | 32,547 | 20,883 | |||||
Billings to date | -108,070 | -53,708 | |||||
$ | 18,622 | $ | 22,524 | ||||
Costs and Estimated Earnings On Uncompleted Contracts Accompanying Consolidated Balance Sheets | ' | ||||||
As of | As of | ||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Costs and estimated earnings in excess of | |||||||
billings on uncompleted contracts | $ | 27,864 | $ | 23,644 | |||
Other current liabilities (Billings in excess of costs and | |||||||
estimated earnings on uncompleted contracts) | -9,242 | -1,120 | |||||
$ | 18,622 | $ | 22,524 | ||||
Concentration_Of_Credit_Risk_T
Concentration Of Credit Risk (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Concentration Of Credit Risk [Abstract] | ' | ||||||||
Summary Of Significant Customers And Percentage Of Total Revenue For Specified Time Periods Derived From Such Customers | ' | ||||||||
The following is a list of significant customers (representing at least 10% of revenue for all periods reported) and the percentage of total revenue for the specified time periods derived from such customers: | |||||||||
Percentage of Total Revenues | |||||||||
for the year ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
Sprint (1) | 24.9% | 23.9% | 21.9% | ||||||
AT&T Wireless | 19.0% | 20.3% | 23.8% | ||||||
T-Mobile (2) | 17.3% | 17.2% | 13.5% | ||||||
Verizon Wireless | 11.1% | 12.7% | 14.8% | ||||||
The Company’s site leasing and site development segments derive revenue from these customers. Client percentages of total revenue in each of the segments are as follows: | |||||||||
Percentage of Site Leasing Revenues | |||||||||
for the year ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
Sprint (1) | 28.5% | 26.8% | 24.6% | ||||||
AT&T Wireless | 21.9% | 22.9% | 26.8% | ||||||
T-Mobile (2) | 18.7% | 18.6% | 14.2% | ||||||
Verizon Wireless | 12.1% | 13.2% | 15.5% | ||||||
Percentage of Site Development Revenues | |||||||||
for the year ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
Ericsson, Inc. | 34.5% | 24.5% | 9.0% | ||||||
Nsoro Mastec, LLC | 3.0% | 16.2% | 35.6% | ||||||
(1)Prior year amounts have been adjusted to reflect the merger of Sprint and Clearwire. | |||||||||
(2)Prior year amounts have been adjusted to reflect the merger of T-Mobile and Metro PCS. | |||||||||
Accrued_Expenses_And_Other_Lia1
Accrued Expenses And Other Liabilities (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accrued Expenses And Other Liabilities [Abstract] | ' | ||||||
Schedule Of Accrued Expenses | ' | ||||||
As of | As of | ||||||
31-Dec-13 | 31-Dec-12 | ||||||
(in thousands) | |||||||
Accrued earnouts | $ | 30,063 | $ | 9,840 | |||
Salaries and benefits | 11,351 | 8,810 | |||||
Real estate and property taxes | 9,814 | 9,580 | |||||
Other | 34,903 | 13,822 | |||||
$ | 86,131 | $ | 42,052 | ||||
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Debt Instrument [Line Items] | ' | ||||||||||||||||||
Carrying Values Of Debt | ' | ||||||||||||||||||
Maturity | As of | As of | |||||||||||||||||
Date | 31-Dec-13 | 31-Dec-12 | |||||||||||||||||
Principal Balance | Carrying Value | Principal Balance | Carrying Value | ||||||||||||||||
1.875% Convertible Senior Notes | 1-May-13 | $ | — | $ | — | $ | 468,836 | $ | 457,351 | ||||||||||
4.000% Convertible Senior Notes | Oct. 1, 2014 | 499,944 | 468,394 | 499,987 | 430,751 | ||||||||||||||
8.250% Senior Notes | Aug. 15, 2019 | 243,750 | 242,387 | 243,750 | 242,205 | ||||||||||||||
5.625% Senior Notes | Oct. 1, 2019 | 500,000 | 500,000 | 500,000 | 500,000 | ||||||||||||||
5.750% Senior Notes | 15-Jul-20 | 800,000 | 800,000 | 800,000 | 800,000 | ||||||||||||||
4.254% 2010-1 Tower Securities | 15-Apr-15 | 680,000 | 680,000 | 680,000 | 680,000 | ||||||||||||||
5.101% 2010-2 Tower Securities | 17-Apr-17 | 550,000 | 550,000 | 550,000 | 550,000 | ||||||||||||||
2.933% 2012-1Tower Securities | Dec. 15, 2017 | 610,000 | 610,000 | 610,000 | 610,000 | ||||||||||||||
2.240% 2013-1C Tower Securities | 17-Apr-18 | 425,000 | 425,000 | — | — | ||||||||||||||
3.722% 2013-2C Tower Securities | 17-Apr-23 | 575,000 | 575,000 | — | — | ||||||||||||||
3.598% 2013-1D Tower Securities | 17-Apr-18 | 330,000 | 330,000 | — | — | ||||||||||||||
Revolving Credit Facility | 9-May-17 | 215,000 | 215,000 | 100,000 | 100,000 | ||||||||||||||
2011 Term Loan B | 30-Jun-18 | 180,529 | 180,234 | 492,500 | 491,518 | ||||||||||||||
2012-1 Term Loan A | 9-May-17 | 185,000 | 185,000 | 195,000 | 195,000 | ||||||||||||||
2012-2 Term Loan B | Sept. 28, 2019 | 109,971 | 109,745 | 300,000 | 299,278 | ||||||||||||||
BNDES Loans | various | 5,847 | 5,847 | — | — | ||||||||||||||
Total debt | $ | 5,910,041 | $ | 5,876,607 | $ | 5,440,073 | $ | 5,356,103 | |||||||||||
Less: current maturities of long-term debt | -481,886 | -475,351 | |||||||||||||||||
Total long-term debt, net of current maturities | $ | 5,394,721 | $ | 4,880,752 | |||||||||||||||
Future Principal Payment Obligations | ' | ||||||||||||||||||
For the year ended December 31, | (in thousands) | ||||||||||||||||||
2014 | $ | 513,436 | |||||||||||||||||
2015 | 698,983 | ||||||||||||||||||
2016 | 21,460 | ||||||||||||||||||
2017 | 1,511,208 | ||||||||||||||||||
2018 | 936,233 | ||||||||||||||||||
Thereafter | 2,228,721 | ||||||||||||||||||
Total | $ | 5,910,041 | |||||||||||||||||
Schedule Of Cash And Non-Cash Interest Expense | ' | ||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||
Cash | Non-cash | Cash | Non-cash | Cash | Non-cash | ||||||||||||||
Interest | Interest | Interest | Interest | Interest | Interest | ||||||||||||||
(in thousands) | |||||||||||||||||||
1.875% Convertible Senior Notes | $ | 2,670 | $ | 10,434 | $ | 9,885 | $ | 36,388 | $ | 10,090 | $ | 33,844 | |||||||
4.0% Convertible Senior Notes | 19,998 | 38,307 | 20,000 | 33,149 | 20,000 | 29,149 | |||||||||||||
8.0% Senior Notes | — | — | 15,867 | 174 | 30,000 | 309 | |||||||||||||
8.25% Senior Notes | 20,109 | 182 | 23,177 | 192 | 30,938 | 237 | |||||||||||||
5.625% Senior Notes | 28,125 | — | 7,266 | — | — | — | |||||||||||||
5.75% Senior Notes | 46,000 | — | 21,594 | — | — | — | |||||||||||||
2010 Secured Tower Revenue Securities | 57,383 | — | 57,377 | — | 57,371 | — | |||||||||||||
2012 Secured Tower Revenue Securities | 18,085 | — | 7,133 | — | — | — | |||||||||||||
2013 Secured Tower Revenue Securities | 30,392 | — | — | — | — | — | |||||||||||||
Revolving Credit Facility | 4,515 | — | 4,392 | — | 3,209 | — | |||||||||||||
2011 Term Loan | 10,533 | 101 | 18,894 | 179 | 9,705 | 90 | |||||||||||||
2012-1 Term Loan | 4,557 | — | 3,567 | — | — | — | |||||||||||||
2012-2 Term Loan | 6,416 | 61 | 2,969 | 28 | — | — | |||||||||||||
Mobilitie Bridge Loan | — | — | 4,239 | — | — | — | |||||||||||||
Other | 268 | — | -119 | — | -417 | — | |||||||||||||
Total | $ | 249,051 | $ | 49,085 | $ | 196,241 | $ | 70,110 | $ | 160,896 | $ | 63,629 | |||||||
4.0% Convertible Senior Notes [Member] | ' | ||||||||||||||||||
Debt Instrument [Line Items] | ' | ||||||||||||||||||
Carrying Values Of Debt | ' | ||||||||||||||||||
As of December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
(in thousands) | |||||||||||||||||||
Principal balance | $ | 499,944 | $ | 499,987 | |||||||||||||||
Debt discount | -31,550 | -69,236 | |||||||||||||||||
Carrying value | $ | 468,394 | $ | 430,751 | |||||||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||||
Schedule Of Assumptions Used To Estimate Fair Value Of Stock Options | ' | ||||||||||||
For the year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Risk free interest rate | 0.51% - 1.38% | 0.58% - 0.83% | 0.66% - 2.17% | ||||||||||
Dividend yield | 0.00% | 0.00% | 0.00% | ||||||||||
Expected volatility | 25.0% - 29.0% | 53.00% | 53.90% | ||||||||||
Expected lives | 3.9 - 4.8 years | 3.8 - 4.6 years | 3.5 - 4.5 years | ||||||||||
Company's Activities With Respect To Its Stock Options | ' | ||||||||||||
Weighted- | |||||||||||||
Weighted- | Average | ||||||||||||
Average | Remaining | ||||||||||||
Number | Exercise Price | Contractual | Aggregate | ||||||||||
of Shares | Per Share | Life (in years) | Intrinsic Value | ||||||||||
Outstanding at December 31, 2010 | 3,786 | $ | 24.78 | ||||||||||
Granted | 578 | $ | 41.91 | ||||||||||
Exercised | -704 | $ | 21.53 | ||||||||||
Canceled | -52 | $ | 32.07 | ||||||||||
Outstanding at December 31, 2011 | 3,608 | $ | 28.06 | ||||||||||
Granted | 613 | $ | 47.58 | ||||||||||
Exercised | -1,381 | $ | 24.37 | ||||||||||
Canceled | -9 | $ | 37.71 | ||||||||||
Outstanding at December 31, 2012 | 2,831 | $ | 34.06 | ||||||||||
Granted | 984 | $ | 73.17 | ||||||||||
Exercised | -776 | $ | 27.57 | ||||||||||
Canceled | -60 | $ | 52.54 | ||||||||||
Outstanding at December 31, 2013 | 2,979 | $ | 48.30 | 4.3 | $ | 123,769 | |||||||
Exercisable at December 31, 2013 | 1,194 | $ | 31.17 | 2.6 | $ | 70,033 | |||||||
Unvested at December 31, 2013 | 1,785 | $ | 59.74 | 5.5 | $ | 53,736 | |||||||
Additional Information Regarding Options Outstanding And Exercisable | ' | ||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||
Weighted | Weighted | ||||||||||||
Weighted Average | Average | Average | |||||||||||
Range | Outstanding | Contractual Life | Exercise Price | Exercisable | Exercise Price | ||||||||
(in thousands) | (in years) | (in thousands) | |||||||||||
$0.00 - $10.50 | 9 | 1.1 | $ | 8.56 | 9 | $ | 8.56 | ||||||
$10.51 - $21.00 | 340 | 2.1 | $ | 19.41 | 340 | $ | 19.41 | ||||||
$21.01 - $31.50 | 104 | 3.0 | $ | 27.53 | 95 | $ | 27.39 | ||||||
$31.51 - $60.00 | 1,560 | 3.8 | $ | 40.81 | 750 | $ | 37.26 | ||||||
$60.01 - $79.67 | 966 | 6.2 | $ | 73.17 | — | $ | 0.00 | ||||||
2,979 | 1,194 | ||||||||||||
Activity Of Options Outstanding Not Yet Vested | ' | ||||||||||||
Weighted- | |||||||||||||
Average | |||||||||||||
Number | Fair Value | ||||||||||||
of Shares | Per Share | ||||||||||||
(in thousands) | |||||||||||||
Unvested as of December 31, 2012 | 1,526 | $ | 17.20 | ||||||||||
Shares granted | 984 | $ | 17.38 | ||||||||||
Vesting during period | -665 | $ | 14.79 | ||||||||||
Forfeited or canceled | -60 | $ | 18.52 | ||||||||||
Unvested as of December 31, 2013 | 1,785 | $ | 18.15 | ||||||||||
Company's Restricted Stock Unit Activity | ' | ||||||||||||
Weighted- | |||||||||||||
Average | |||||||||||||
Grant Date | |||||||||||||
Number of | Fair Value per | ||||||||||||
Units | Share | ||||||||||||
(in thousands) | |||||||||||||
Outstanding at December 31, 2012 | 294 | $ | 43.27 | ||||||||||
Granted | 122 | $ | 73.44 | ||||||||||
Vested | -100 | $ | 41.82 | ||||||||||
Forfeited/canceled | -11 | $ | 49.03 | ||||||||||
Outstanding at December 31, 2013 | 305 | $ | 55.60 | ||||||||||
Expected to vest, net of estimated forfeitures | |||||||||||||
as of December 31, 2013 | 303 | $ | 55.69 | ||||||||||
Schedule Of Non-Cash Compensation Expense | ' | ||||||||||||
For the year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(in thousands) | |||||||||||||
Cost of revenues | $ | 230 | $ | 187 | $ | 187 | |||||||
Selling, general and administrative | 16,975 | 13,781 | 11,282 | ||||||||||
Total cost of non-cash compensation included | |||||||||||||
in loss before provision for income taxes | 17,205 | 13,968 | 11,469 | ||||||||||
Amount of income tax recognized in earnings | — | — | — | ||||||||||
Amount charged against loss | $ | 17,205 | $ | 13,968 | $ | 11,469 | |||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Taxes [Abstract] | ' | |||||||||
Loss Before Provision for Income Taxes from Continuing Operations by Geographic Area | ' | |||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Domestic | $ | -45,429 | $ | -175,679 | $ | -118,671 | ||||
Foreign | -11,789 | -1,413 | -6,108 | |||||||
Total | $ | -57,218 | $ | -177,092 | $ | -124,779 | ||||
Components Of Provision For Income Taxes | ' | |||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Current (benefit) provision | ||||||||||
Federal (1) | $ | — | $ | -1,237 | $ | — | ||||
State (1) | 387 | 2,702 | 2,191 | |||||||
Foreign | 4,946 | 3,769 | 1,608 | |||||||
Total current | 5,333 | 5,234 | 3,799 | |||||||
Deferred (benefit) provision for taxes: | ||||||||||
Federal | -11,977 | -53,501 | -38,303 | |||||||
State | -3,272 | -13,750 | -5,111 | |||||||
Foreign | -9,013 | -1 | -1,104 | |||||||
Increase in valuation allowance | 17,620 | 68,612 | 42,832 | |||||||
Total deferred | -6,642 | 1,360 | -1,686 | |||||||
Total (benefit) provision for income taxes | $ | -1,309 | $ | 6,594 | $ | 2,113 | ||||
(1)Included in the 2012 current provision for income taxes on continuing operations is a benefit of $1.5 million that is an offset to the tax expense netted in discontinued operations. Of the $1.5 million benefit, $1.2 million relates to federal taxes and $0.3 million relates to state taxes. | ||||||||||
Income Tax Rate Reconciliation | ' | |||||||||
For the year ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(in thousands) | ||||||||||
Statutory Federal benefit | $ | -20,027 | $ | -61,982 | $ | -43,673 | ||||
Foreign tax expense | 2,870 | 1,878 | 1,576 | |||||||
State and local taxes benefit | -1,875 | -7,181 | -1,898 | |||||||
Non-deductible foreign expenses | 2,605 | 987 | — | |||||||
Foreign tax rate change | -4,960 | — | — | |||||||
Other | 2,458 | 4,280 | 3,276 | |||||||
Valuation allowance | 17,620 | 68,612 | 42,832 | |||||||
(Benefit) provision for income taxes | $ | -1,309 | $ | 6,594 | $ | 2,113 | ||||
Components Of Net Deferred Income Tax Asset And Liability | ' | |||||||||
As of December 31, | ||||||||||
2013 | 2012 (3) | |||||||||
(in thousands) | ||||||||||
Current deferred tax assets: | ||||||||||
Allowance for doubtful accounts | $ | 241 | $ | 648 | ||||||
Deferred revenue | 35,970 | 30,237 | ||||||||
Accrued liabilities | 14,862 | 4,891 | ||||||||
Valuation allowance | -21,187 | -15,374 | ||||||||
Total current deferred tax assets, net (1) | $ | 29,886 | $ | 20,402 | ||||||
Noncurrent deferred tax assets: | ||||||||||
Net operating losses | $ | 438,608 | $ | 436,083 | ||||||
Property, equipment, and intangible basis differences | 47,602 | 46,357 | ||||||||
Accrued liabilities | 26,087 | 15,259 | ||||||||
Non-cash compensation | 8,582 | 7,448 | ||||||||
Valuation allowance | -225,339 | -218,310 | ||||||||
Other | 2,527 | 5,081 | ||||||||
Total noncurrent deferred tax assets, net (2) | 298,067 | 291,918 | ||||||||
Noncurrent deferred tax liabilities: | ||||||||||
Property, equipment, and intangible basis differences | -339,037 | -318,446 | ||||||||
Convertible debt instruments | -2,006 | -3,660 | ||||||||
Straight-line rents | -17,463 | -4,259 | ||||||||
Other | -8,079 | -6,631 | ||||||||
Total noncurrent deferred tax liabilities, net (2) | $ | -68,518 | $ | -41,078 | ||||||
(1)Amounts are included in Prepaid and other current assets on the Consolidated Balance Sheets. | ||||||||||
(2)Of these amounts, $232 and $(68,750) are included in the Other assets and Other long-term liabilities, respectively on the accompanying Consolidated Balance Sheets as of December 31, 2013. As of December 31, 2012, $148 and $(41,225) are included in the Other assets and Other long-term liabilities on the accompanying Consolidated Balance Sheet. | ||||||||||
(3)The prior year amounts reflect a recast of the valuation allowance. | ||||||||||
Commitments_And_Contingencies_
Commitments And Contingencies (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Commitments And Contingencies [Abstract] | ' | ||||||
Annual Minimum Lease Payments | ' | ||||||
For the year ended December 31, | Capital Leases | Operating Leases | |||||
2014 | $ | 1,743 | $ | 142,461 | |||
2015 | 1,340 | 143,508 | |||||
2016 | 649 | 144,426 | |||||
2017 | 173 | 146,051 | |||||
2018 | — | 147,448 | |||||
Thereafter | — | 2,740,007 | |||||
Total minimum lease payments | 3,905 | $ | 3,463,901 | ||||
Less: amount representing interest | -226 | ||||||
Present value of future payments | 3,679 | ||||||
Less: current obligations | -1,715 | ||||||
Long-term obligations | $ | 1,964 | |||||
Annual Minimum Tower Lease Income | ' | ||||||
For the year ended December 31, | (in thousands) | ||||||
2014 | $ | 1,095,392 | |||||
2015 | 999,859 | ||||||
2016 | 873,919 | ||||||
2017 | 757,558 | ||||||
2018 | 614,259 | ||||||
Thereafter | 3,611,317 | ||||||
Total | $ | 7,952,304 | |||||
Segment_Data_Tables
Segment Data (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment Data [Abstract] | ' | ||||||||||||
Segment Reporting Information Disclosure | ' | ||||||||||||
Not | |||||||||||||
Site | Site | Identified by | |||||||||||
Leasing | Development | Segment (1) | Total | ||||||||||
(in thousands) | |||||||||||||
For the year ended December 31, 2013 | |||||||||||||
Revenues | $ | 1,133,013 | $ | 171,853 | $ | — | $ | 1,304,866 | |||||
Cost of revenues (2) | 270,772 | 137,481 | — | 408,253 | |||||||||
Depreciation, amortization and accretion | 529,026 | 2,280 | 2,028 | 533,334 | |||||||||
Operating income (loss) | 215,672 | 24,332 | -10,359 | 229,645 | |||||||||
Capital expenditures (3) | 850,037 | 6,693 | 105 | 856,835 | |||||||||
For the year ended December 31, 2012 | |||||||||||||
Revenues | $ | 846,094 | $ | 107,990 | $ | — | $ | 954,084 | |||||
Cost of revenues (2) | 188,951 | 90,556 | — | 279,507 | |||||||||
Depreciation, amortization and accretion | 404,976 | 2,118 | 1,373 | 408,467 | |||||||||
Operating income (loss) | 149,642 | 7,129 | -9,625 | 147,146 | |||||||||
Capital expenditures (3) | 2,364,212 | 6,466 | 3,751 | 2,374,429 | |||||||||
For the year ended December 31, 2011 | |||||||||||||
Revenues | $ | 616,294 | $ | 81,876 | $ | — | $ | 698,170 | |||||
Cost of revenues (2) | 131,916 | 71,005 | — | 202,921 | |||||||||
Depreciation, amortization and accretion | 306,386 | 1,583 | 1,177 | 309,146 | |||||||||
Operating income (loss) | 116,681 | 2,077 | -8,099 | 110,659 | |||||||||
Capital expenditures (3) | 502,222 | 3,935 | 2,671 | 508,828 | |||||||||
Assets | |||||||||||||
As of December 31, 2013 | $ | 6,468,370 | $ | 76,214 | $ | 238,604 | $ | 6,783,188 | |||||
As of December 31, 2012 | 6,422,577 | 58,804 | 134,530 | 6,615,911 | |||||||||
(1)Assets not identified by segment consist primarily of general corporate assets. | |||||||||||||
(2)Excludes depreciation, amortization, and accretion. | |||||||||||||
(3)Includes cash paid for capital expenditures and acquisitions and related earn-outs and vehicle capital lease additions. | |||||||||||||
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Quarterly Financial Data [Abstract] | ' | ||||||||||||
Schedule Of Quarterly Financial Information | ' | ||||||||||||
Quarter Ended | |||||||||||||
December 31, | September 30, | June 30, | March 31, | ||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||
(in thousands, except per share amounts) | |||||||||||||
Revenues | $ | 335,396 | $ | 332,094 | $ | 324,305 | $ | 313,071 | |||||
Operating income | 59,445 | 63,902 | 49,534 | 56,764 | |||||||||
Depreciation, accretion, and amortization | -133,328 | -133,281 | -141,089 | -125,636 | |||||||||
Loss from extinguishment of debt, net | -336 | -3 | -5,618 | -142 | |||||||||
Net income (loss) attributable to SBA Communications Corporation | -19,164 | 21,531 | -35,899 | -22,377 | |||||||||
Net income (loss) per common share - basic | $ | -0.15 | $ | 0.17 | $ | -0.28 | $ | -0.18 | |||||
Net income (loss) per common share - diluted | -0.15 | 0.16 | -0.28 | -0.18 | |||||||||
Quarter Ended | |||||||||||||
December 31, | September 30, | June 30, | March 31, | ||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||
(in thousands, except per share amounts) | |||||||||||||
Revenues | $ | 293,841 | $ | 238,606 | $ | 229,147 | $ | 192,490 | |||||
Operating income | 31,048 | 41,071 | 34,738 | 40,289 | |||||||||
Depreciation, accretion, and amortization | -131,357 | -101,012 | -93,998 | -82,100 | |||||||||
Loss from extinguishment of debt, net | -2,007 | -22,643 | -27,149 | — | |||||||||
Income (loss) from discontinued operations, net of taxes | -53 | 969 | 1,380 | — | |||||||||
Net loss attributable to SBA Communications Corporation | -52,489 | -52,445 | -53,472 | -22,631 | |||||||||
Net loss per common share - basic and diluted | $ | -0.42 | $ | -0.43 | $ | -0.44 | $ | -0.2 | |||||
General_Narrative_Details
General (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
item | |
General [Abstract] | ' |
Company owned tower sites | 20,079 |
Summary_Of_Significant_Account2
Summary Of Significant Accounting Policies (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Summary of Significant Accounting Policies [Line Items] | ' | ' | ' |
Cost-method investments, carrying value | $51.70 | ' | ' |
Cost-method investments, impairment loss | 0 | 0 | 0 |
Interest cost capitalized | 0.1 | 0.3 | 0.5 |
Deferred lease costs | 12.8 | 10.2 | 5.1 |
Amortization expense | 5.5 | 4.6 | 4.6 |
Unamortized deferred lease costs | 22.9 | 15.6 | ' |
Intangible assets, useful life | '15 years | ' | ' |
Impairment charge recognized, related to long-lived assets | 29 | 6.4 | 5.5 |
Write-offs relating to long-lived assets and intangibles | 23.1 | 0 | 0 |
Asset retirement obligation | $5.30 | $7.50 | ' |
Business acquistions period after closing date to determine additional adjustments | '1 year | ' | ' |
Acquired intangible assets, useful life | '15 years | ' | ' |
Minimum [Member] | ' | ' | ' |
Summary of Significant Accounting Policies [Line Items] | ' | ' | ' |
Lease term | '5 years | ' | ' |
Duration of site development projects | '3 months | ' | ' |
Business acquisitions performance target period | '1 year | ' | ' |
Maximum [Member] | ' | ' | ' |
Summary of Significant Accounting Policies [Line Items] | ' | ' | ' |
Lease term | '10 years | ' | ' |
Duration of site development projects | '12 months | ' | ' |
Business acquisitions performance target period | '3 years | ' | ' |
Summary_Of_Significant_Account3
Summary Of Significant Accounting Policies (Schedule Of Asset Classes And Related Estimated Useful Lives) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Towers and Related Components [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives | '3 years |
Towers and Related Components [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives | '15 years |
Furniture, equipment and vehicles [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives | '2 years |
Furniture, equipment and vehicles [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives | '7 years |
Buildings and improvements [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives | '5 years |
Buildings and improvements [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives | '10 years |
Summary_Of_Significant_Account4
Summary Of Significant Accounting Policies (Allowance For Doubtful Account) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Summary Of Significant Accounting Policies [Abstract] | ' | ' | ' |
Beginning balance | $246 | $135 | $263 |
Provision (credits) for doubtful accounts | 770 | 330 | 70 |
Write-offs, net of recoveries | -330 | -219 | -198 |
Ending balance | $686 | $246 | $135 |
Summary_Of_Significant_Account5
Summary Of Significant Accounting Policies (Summary Of Asset Retirement Obligation Activity) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Summary Of Significant Accounting Policies [Abstract] | ' | ' | ' |
Beginning balance | $7,506 | $5,386 | $5,214 |
Additions | 597 | 2,261 | 9 |
Currency translation adjustment | -42 | 1 | -2 |
Accretion expense | 512 | 333 | 250 |
Removal | -407 | -334 | ' |
Revision in estimates | -2,854 | -141 | -85 |
Ending balance | $5,312 | $7,506 | $5,386 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Fair Value Measurements [Abstract] | ' | ' | ' |
Accrued earnouts | $30.10 | $9.80 | ' |
Performance targets, maximum potential obligation | 42.1 | 17.1 | ' |
Impairment charge recognized, related to long-lived assets | 29 | 6.4 | 5.5 |
Write-offs relating to long-lived assets and intangibles | 23.1 | 0 | 0 |
Certificate of deposits | 5.2 | 5.3 | ' |
Held-to-maturity investments, carrying value | 1.1 | 1.3 | ' |
Held-to-maturity investments, fair value | $1.30 | $1.50 | ' |
Interest rate under Revolving Credit Facility | 1.88% | ' | ' |
Fair_Value_Measurements_Summar
Fair Value Measurements (Summary Of Fair Values, Principal Balances, And Carrying Values Of Company's Debt Instruments) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Apr. 18, 2013 | 16-May-08 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Apr. 29, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jul. 24, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 28, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jul. 13, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Apr. 16, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Apr. 16, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Aug. 09, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | 2011 Term Loan B [Member] | 2011 Term Loan B [Member] | 2011 Term Loan B [Member] | 2011 Term Loan B [Member] | 2011 Term Loan B [Member] | 2011 Term Loan B [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | BNDE Loan [Member] | BNDE Loan [Member] | BNDE Loan [Member] | BNDE Loan [Member] |
Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Fair Value [Member] | Principal Balance [Member] | Principal Balance [Member] | Carrying Value [Member] | Carrying Value [Member] | Fair Value [Member] | Principal Balance [Member] | Carrying Value [Member] | |||||||||||||||||||||||||||||||
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, Fair Value | $6,923,448 | $6,478,465 | $5,910,041 | $5,440,073 | $5,876,607 | $5,356,103 | ' | ' | ' | $714,096 | $468,836 | $457,351 | ' | ' | $1,479,859 | $1,060,622 | $499,944 | $499,987 | $468,394 | $430,751 | ' | ' | $262,031 | $272,391 | $243,750 | $243,750 | $242,387 | $242,205 | ' | ' | $514,375 | $523,750 | $500,000 | $500,000 | $500,000 | $500,000 | ' | ' | $832,000 | $848,000 | $800,000 | $800,000 | $800,000 | $800,000 | ' | ' | $689,717 | $713,619 | $680,000 | $680,000 | $680,000 | $680,000 | ' | ' | $586,586 | $621,379 | $550,000 | $550,000 | $550,000 | $550,000 | ' | ' | $604,736 | $635,614 | $610,000 | $610,000 | $610,000 | $610,000 | ' | ' | $408,442 | $425,000 | $425,000 | ' | ' | $530,098 | $575,000 | $575,000 | ' | ' | $318,856 | $330,000 | $330,000 | $215,000 | $100,000 | $215,000 | $100,000 | $215,000 | $100,000 | $180,980 | $493,731 | $180,529 | $492,500 | $180,234 | $491,518 | $184,538 | $194,513 | $185,000 | $195,000 | $185,000 | $195,000 | $110,383 | $300,750 | $109,971 | $300,000 | $109,745 | $299,278 | $5,847 | $5,847 | $5,847 | $5,847 |
Debt instrument stated percentage | ' | ' | ' | ' | ' | ' | 1.88% | 1.88% | 1.88% | ' | ' | ' | 4.00% | 4.00% | ' | ' | ' | ' | ' | ' | 8.25% | 8.25% | ' | ' | ' | ' | ' | ' | 5.63% | 5.63% | ' | ' | ' | ' | ' | ' | 5.75% | 5.75% | ' | ' | ' | ' | ' | ' | 4.25% | 4.25% | ' | ' | ' | ' | ' | ' | 5.10% | 5.10% | ' | ' | ' | ' | ' | ' | 2.93% | 2.93% | ' | ' | ' | ' | ' | ' | 2.24% | 2.24% | ' | ' | ' | 3.72% | 3.72% | ' | ' | ' | 3.60% | 3.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted_Cash_Narrative_Deta
Restricted Cash (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Restricted Cash [Abstract] | ' | ' |
Surety, payment and performance bonds | $42 | ' |
Collateral payment for performance bonds | 6.1 | ' |
Collateral related to workers compensation policy | $2.30 | $2.30 |
Restricted_Cash_Schedule_Of_Re
Restricted Cash (Schedule Of Restricted Cash) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Total restricted cash | $56,296 | $39,697 |
Restricted Cash - Current Asset [Member] | Securitization Escrow Accounts [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Total restricted cash | 46,364 | 26,774 |
Restricted Cash - Current Asset [Member] | Payment and Performance Bonds [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Total restricted cash | 941 | 934 |
Other Assets - Noncurrent [Member] | Surety Bonds and Workers Compensation [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Total restricted cash | $8,991 | $11,989 |
Other_Assets_Schedule_Of_Other
Other Assets (Schedule Of Other Assets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Assets [Abstract] | ' | ' |
Restricted cash-LT | $8,991 | $11,989 |
Long-term investments | 52,801 | 52,939 |
Prepaid land rent | 119,047 | 112,940 |
Straight-line receivable | 179,292 | 116,361 |
Other | 40,721 | 61,051 |
Total other assets: | $400,852 | $355,280 |
Acquisitions_Narrative_Details
Acquisitions (Narrative) (Details) | 3 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||
In Millions, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 29, 2013 | Nov. 26, 2013 | Nov. 21, 2013 | Oct. 30, 2013 | Oct. 29, 2013 | Jul. 26, 2013 | Jul. 26, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 10, 2014 | Feb. 11, 2014 | Feb. 11, 2014 | Dec. 31, 2013 |
USD ($) | USD ($) | USD ($) | USD ($) | Foreign Exchange Forward [Member] | Oi. S. A. Acquisition [Member] | Oi. S. A. Acquisition [Member] | Oi. S. A. Acquisition [Member] | Oi. S. A. Acquisition [Member] | Oi. S. A. Acquisition [Member] | Oi. S. A. Acquisition [Member] | Other Acquisitions [Member] | Brazilian Acquisiton [Member] | Brazilian Acquisiton [Member] | Brazilian Acquisiton [Member] | Brazilian Acquisiton [Member] | Subsequent Event [Member] | |
item | item | item | USD ($) | USD ($) | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | item | item | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | Foreign Exchange Forward [Member] | USD ($) | ||
item | USD ($) | USD ($) | BRL | USD ($) | BRL | BRL | USD ($) | BRL | item | ||||||||
contract | |||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of towers, aquired right to use | ' | ' | ' | ' | ' | 2,113 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate purchase price | ' | ' | ' | ' | ' | $317 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid for acquisition | ' | ' | ' | ' | ' | 299.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 230.1 |
Acquisition liabilities to be paidover next year | ' | ' | ' | ' | ' | 17.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquistions period after closing date to determine additional adjustments | ' | '1 year | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of towers acquired | ' | 2,502 | 6,630 | 1,085 | ' | ' | ' | ' | ' | ' | ' | 389 | 800 | ' | ' | ' | 154 |
Purchase price allocation adjustment to reclassify from Property and Equipment to Intangible Assets | 54.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Potential obligation recorded in accrued expenses | ' | 30.1 | 9.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (decrease) in estimated contingent consideration fair value | ' | -1.5 | 0.8 | -0.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency forward contracts, notional amount | ' | ' | ' | ' | 314 | ' | ' | ' | 687.5 | 305 | 697.1 | ' | ' | 750 | 318.9 | 775 | ' |
Gain (loss) on derivative | ' | ' | ' | ' | ' | ' | ($12.80) | $14.10 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of contracts entered into | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' |
Acquisitions_Schedule_Of_Acqui
Acquisitions (Schedule Of Acquisition Activity) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
item | item | item | |
Acquisitions [Abstract] | ' | ' | ' |
Number of towers acquired | 2,502 | 6,630 | 1,085 |
Acquisitions_Schedule_Of_Acqui1
Acquisitions (Schedule Of Acquisition Capital Expenditures) (Details) (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Business Acquisition [Line Items] | ' | ' | ' | |||
Towers and related intangible assets | $628,423,000 | [1] | $2,205,859,000 | [1] | $348,950,000 | [1] |
Ground lease land purchases | 48,956,000 | [2] | 46,865,000 | [2] | 25,755,000 | [2] |
Earnouts | 9,324,000 | 5,931,000 | 4,615,000 | |||
Total acquisition capital expenditures | 686,703,000 | 2,258,655,000 | 379,320,000 | |||
Ground lease extensions | 9,100,000 | 9,700,000 | 9,800,000 | |||
Brazilian Acquisiton [Member] | ' | ' | ' | |||
Business Acquisition [Line Items] | ' | ' | ' | |||
Total acquisition capital expenditures | $175,900,000 | ' | ' | |||
[1] | Total acquisition capital expenditures for the year ended December 31, 2013, included $175.9 million related to an acquisition in Brazil which closed in the fourth quarter of 2012. | |||||
[2] | In addition, the Company paid $9.1 million, $9.7 million, and $9.8 million for ground lease extensions during the years ending 2013, 2012, and 2011, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheet. |
Discontinued_Operations_Narrat
Discontinued Operations (Narrative) (Details) (USD $) | 0 Months Ended | ||
In Millions, unless otherwise specified | Oct. 23, 2013 | Oct. 23, 2012 | Sep. 06, 2012 |
item | |||
Discontinued Operations [Abstract] | ' | ' | ' |
Sale of DAS networks to ExteNet, discontinued operations, total consideration | ' | ' | $119.30 |
Sale of DAS networks to ExteNet, discontinued operations, cash amount | ' | 5.7 | 94.3 |
Sale of DAS networks to ExteNet, discontinued operations, promissory note | ' | ' | $25 |
Number of additional networks sold | 1 | ' | ' |
Discontinued_Operations_Compon
Discontinued Operations (Components Of Discontinued Operations) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2012 |
Discontinued Operations [Abstract] | ' | ' | ' | ' |
Site leasing revenue | ' | ' | ' | $5,046 |
Income from discontinued operations, net of taxes | ($53) | $969 | $1,380 | $2,296 |
Intangible_Assets_Net_Narrativ
Intangible Assets, Net (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Intangible Assets, Net [Abstract] | ' | ' | ' |
Intangible assets, useful life | '15 years | ' | ' |
Amortization expense | $266.60 | $188.70 | $133.10 |
Intangible_Assets_Net_Gross_An
Intangible Assets, Net (Gross And Net Carrying Amounts For Each Major Class Of Intangible Assets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | $4,363,758 | $3,846,534 |
Accumulated amortization | -976,560 | -712,401 |
Net book value | 3,387,198 | 3,134,133 |
Current Contract Intangibles [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 3,154,616 | 2,744,968 |
Accumulated amortization | -649,861 | -462,016 |
Net book value | 2,504,755 | 2,282,952 |
Network Location Intangibles [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 1,209,142 | 1,101,566 |
Accumulated amortization | -326,699 | -250,385 |
Net book value | $882,443 | $851,181 |
Intangible_Assets_Net_Future_A
Intangible Assets, Net (Future Amortization Expense) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Intangible Assets, Net [Abstract] | ' |
2014 | $290,716 |
2015 | 290,716 |
2016 | 290,716 |
2017 | 290,716 |
2018 | 290,716 |
Thereafter | 1,933,618 |
Total | $3,387,198 |
Property_And_Equipment_Net_Nar
Property And Equipment, Net (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property And Equipment, Net [Abstract] | ' | ' | ' |
Depreciation expense | $266.10 | $219.50 | $175.80 |
Non-cash capital expenditures | $11.40 | $17.30 | ' |
Property_And_Equipment_Net_Pro
Property And Equipment, Net (Property And Equipment, Net (Including Assets Held Under Capital Leases)) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $4,250,861 | $4,109,522 |
Less: accumulated depreciation | -1,672,417 | -1,438,205 |
Property and equipment, net | 2,578,444 | 2,671,317 |
Towers and Related Components [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 3,821,482 | 3,757,859 |
Construction-In-Process [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 24,275 | 25,454 |
Furniture, Equipment and Vehicles [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 40,274 | 35,278 |
Land, Buildings, and Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $364,830 | $290,931 |
Costs_And_Estimated_Earnings_O2
Costs And Estimated Earnings On Uncompleted Contracts (Narrative) (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
customer | customer | |
Costs And Estimated Earnings On Uncompleted Contracts [Abstract] | ' | ' |
Costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings, percentage comprised by significant customers | 89.60% | 86.50% |
Number of significant customers | 8 | 5 |
Costs_And_Estimated_Earnings_O3
Costs And Estimated Earnings On Uncompleted Contracts (Summary Of Costs And Estimated Earnings On Uncompleted Contracts) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Contracts In Progress Costs And Earnings [Line Items] | ' | ' |
Costs and estimated earnings on uncompleted contracts | $18,622 | $22,524 |
Cost Incurred on Uncompleted Contracts [Member] | ' | ' |
Contracts In Progress Costs And Earnings [Line Items] | ' | ' |
Costs and estimated earnings on uncompleted contracts | 94,145 | 55,349 |
Estimated Earnings [Member] | ' | ' |
Contracts In Progress Costs And Earnings [Line Items] | ' | ' |
Costs and estimated earnings on uncompleted contracts | 32,547 | 20,883 |
Billings to Date [Member] | ' | ' |
Contracts In Progress Costs And Earnings [Line Items] | ' | ' |
Costs and estimated earnings on uncompleted contracts | ($108,070) | ($53,708) |
Costs_And_Estimated_Earnings_O4
Costs And Estimated Earnings On Uncompleted Contracts (Costs And Estimated Earnings On Uncompleted Contracts Accompanying Consolidated Balance Sheets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Costs And Estimated Earnings On Uncompleted Contracts [Abstract] | ' | ' |
Costs and estimated earnings in excess of billings on uncompleted contracts | $27,864 | $23,644 |
Other current liabilities (Billings in excess of costs and estimated earnings on uncompleted contracts) | -9,242 | -1,120 |
Costs in excess of billings on uncompleted contracts or programs | $18,622 | $22,524 |
Concentration_Of_Credit_Risk_N
Concentration Of Credit Risk (Narrative) (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
customer | customer | |
Concentration Risk [Line Items] | ' | ' |
Number of significant customers | 8 | 5 |
Accounts Receivable [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Number of significant customers | 5 | 5 |
Concentration risk percentage of accounts receivable | 51.50% | 55.50% |
Concentration_Of_Credit_Risk_S
Concentration Of Credit Risk (Summary Of Significant Customers And Percentage Of Total Revenue For Specified Time Periods Derived From Such Customers) (Details) (Revenue [Member]) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Sprint [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 24.90% | [1] | 23.90% | [1] | 21.90% | [1] |
AT&T [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 19.00% | 20.30% | 23.80% | |||
T-Mobile [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 17.30% | [2] | 17.20% | [2] | 13.50% | [2] |
Verizon [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 11.10% | 12.70% | 14.80% | |||
Site Leasing Revenue [Member] | Sprint [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 28.50% | 26.80% | 24.60% | |||
Site Leasing Revenue [Member] | AT&T [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 21.90% | 22.90% | 26.80% | |||
Site Leasing Revenue [Member] | T-Mobile [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 18.70% | 18.60% | 14.20% | |||
Site Leasing Revenue [Member] | Verizon [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 12.10% | 13.20% | 15.50% | |||
Site Development Revenue [Member] | Ericsson, Inc [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 34.50% | 24.50% | 9.00% | |||
Site Development Revenue [Member] | Nsoro [Member] | ' | ' | ' | |||
Concentration Risk [Line Items] | ' | ' | ' | |||
Concentration risk percentage of revenue | 3.00% | 16.20% | 35.60% | |||
[1] | Prior year amounts have been adjusted to reflect the merger of Sprint and Clearwire. | |||||
[2] | Prior year amounts have been adjusted to reflect the merger of T-Mobile and Metro PCS. |
Accrued_Expenses_And_Other_Lia2
Accrued Expenses And Other Liabilities (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
item | item | item | |
Schedule Of Other Liabilities [Line Items] | ' | ' | ' |
Total other current liabilities | $14,007 | $195,690 | ' |
Number of towers acquired | 2,502 | 6,630 | 1,085 |
Brazilian Acquisiton [Member] | ' | ' | ' |
Schedule Of Other Liabilities [Line Items] | ' | ' | ' |
Total other current liabilities | ' | $177,500 | ' |
Number of towers acquired | 800 | ' | ' |
Accrued_Expenses_And_Other_Lia3
Accrued Expenses And Other Liabilities (Schedule Of Accrued Expenses) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Expenses And Other Liabilities [Abstract] | ' | ' |
Accrued earnouts | $30,063 | $9,840 |
Salaries and benefits | 11,351 | 8,810 |
Real estate and property taxes | 9,814 | 9,580 |
Other | 34,903 | 13,822 |
Accrued expenses | $86,131 | $42,052 |
Debt_Senior_Credit_Agreement_N
Debt (Senior Credit Agreement) (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 07, 2014 | Apr. 18, 2013 | 9-May-12 | Aug. 27, 2013 | Dec. 31, 2013 | Mar. 14, 2013 | Jan. 28, 2013 | Dec. 31, 2012 | Apr. 02, 2012 | Feb. 11, 2010 | Aug. 27, 2013 | Dec. 31, 2013 | Feb. 07, 2014 | Apr. 18, 2013 | Apr. 24, 2013 | Dec. 31, 2013 | Jun. 30, 2011 | Dec. 31, 2013 | 9-May-12 | Feb. 07, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Feb. 07, 2014 | |
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Senior Credit Agreement [Member] | Senior Credit Agreement [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2014 Term Loan [Member] | ||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | ' | ' | ' | ' | ' | $700,000,000 | ' | $770,000,000 | $770,000,000 | $730,000,000 | ' | $600,000,000 | $500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | 5,910,041,000 | 5,440,073,000 | ' | ' | ' | ' | ' | 215,000,000 | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | 500,000,000 | 500,000,000 | 200,000,000 | 200,000,000 | ' | 109,971,000 | 300,000,000 | 300,000,000 | 1,500,000 |
Deferred financing fees | ' | ' | ' | ' | ' | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,900,000 | ' | 2,700,000 | 2,700,000 | ' | ' | ' | 3,500,000 | 5,600,000 |
Revolving credit facility, maturity date | ' | ' | ' | ' | ' | 9-May-17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt to EBITDA ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 6.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt to EBITDA ratio increased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowable annualized percentage borrower EBITDA for foreign subsidiaries | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowable annualized percentage borrower EBITDA for foreign subsidiaries, revised | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of long-term debt | ' | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 180,500,000 | 310,700,000 | 310,700,000 | 312,000,000 | ' | 10,000,000 | ' | 110,000,000 | ' | ' | ' | ' |
Repayments of revolving credit facility | $225,000,000 | $484,000,000 | $270,000,000 | $390,000,000 | ' | ' | ' | $225,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Revolving_Credit_Facility
Debt (Revolving Credit Facility Under The Senior Credit Agreement) (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 07, 2014 | Jan. 08, 2014 | Dec. 31, 2013 | Mar. 14, 2013 | Jan. 28, 2013 | 9-May-12 | Apr. 02, 2012 | Feb. 11, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | ||||
Eurodollar [Member] | Base Rate [Member] | Revolving Credit Facility [Member] | Eurodollar [Member] | Base Rate [Member] | Revolving Credit Facility [Member] | ||||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | ' | ' | ' | ' | ' | $770,000,000 | $770,000,000 | $730,000,000 | $700,000,000 | $600,000,000 | $500,000,000 | ' | ' | ' | ' | ' | ' |
Basis spread on variable interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.88% | 0.88% | ' | 2.38% | 1.38% | ' |
Line of credit facility, commitment fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' | ' | 0.50% |
Line of credit facility, outstanding | ' | ' | ' | ' | ' | 215,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving credit facility, effective interest rate | ' | ' | ' | ' | ' | 2.05% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings on the revolving credit facility | ' | ' | ' | ' | 175,000,000 | 340,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of revolving credit facility | 225,000,000 | 484,000,000 | 270,000,000 | 390,000,000 | ' | 225,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, remaining borrowing capacity | ' | ' | ' | $770,000,000 | $380,000,000 | $555,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Term_Loans_Under_The_Seni
Debt (Term Loans Under The Senior Credit Agreement) (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 07, 2014 | Apr. 18, 2013 | Apr. 24, 2013 | Dec. 31, 2013 | Jun. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | 9-May-12 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Feb. 07, 2014 | Apr. 24, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Feb. 07, 2014 | Feb. 07, 2014 | Apr. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | 9-May-12 | Dec. 31, 2013 | Dec. 31, 2013 | Feb. 07, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Feb. 07, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | |
2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan B [Member] | 2011 Term Loan B [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-2 Term Loan B [Member] | 2012-2 Term Loan B [Member] | 2012-2 Term Loan B [Member] | 2012-2 Term Loan B [Member] | 2014 Term Loan [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Base Rate [Member] | Base Rate [Member] | Eurodollar [Member] | Eurodollar [Member] | Eurodollar [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Scenario, Forecast [Member] | ||||
First Eight Quarters [Member] | Next Four Quarters [Member] | Each Quarter Thereafter [Member] | 2011 Term Loan [Member] | 2012-2 Term Loan B [Member] | 2014 Term Loan [Member] | 2011 Term Loan [Member] | 2012-2 Term Loan B [Member] | 2014 Term Loan [Member] | Base Rate [Member] | Base Rate [Member] | Eurodollar [Member] | Eurodollar [Member] | Base Rate [Member] | Base Rate [Member] | Eurodollar [Member] | Eurodollar [Member] | 2014 Term Loan [Member] | |||||||||||||||||||||||
2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | |||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | $5,910,041,000 | $5,440,073,000 | ' | ' | ' | ' | $500,000,000 | $500,000,000 | $180,529,000 | $492,500,000 | $200,000,000 | $200,000,000 | ' | ' | ' | ' | ' | ' | $300,000,000 | $1,500,000 | ' | ' | $215,000,000 | $100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | ' | ' | ' | ' | 30-Jun-18 | ' | 30-Jun-18 | ' | 9-May-17 | ' | ' | ' | ' | ' | ' | ' | 28-Sep-19 | 24-Mar-21 | ' | ' | 9-May-17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | 1.75% | 1.50% | 2.75% | 2.75% | 2.50% | 0.88% | 1.00% | 1.88% | 2.00% | 1.38% | 1.50% | 2.38% | 2.50% | ' |
Base rate floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 2.00% | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Eurodollar rate floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | 1.00% | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued interest on Term Loan | ' | ' | ' | ' | ' | ' | 3.75% | ' | ' | ' | 2.17% | ' | ' | ' | ' | ' | ' | ' | 3.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of par value price for issuance of term loan | ' | ' | ' | ' | ' | ' | 99.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred financing fees | ' | ' | ' | ' | ' | ' | 4,900,000 | ' | ' | ' | 2,700,000 | 2,700,000 | ' | ' | ' | ' | ' | ' | 3,500,000 | 5,600,000 | ' | ' | ' | ' | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | 3,750,000 | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of long-term debt | ' | ' | ' | 180,500,000 | 310,700,000 | 310,700,000 | 312,000,000 | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | 110,000,000 | 189,300,000 | 189,300,000 | 190,000,000 | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortized deferred financing fees | 15,560,000 | 12,870,000 | 9,188,000 | 1,100,000 | ' | 2,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off of discount related to debt | ' | ' | ' | 300,000 | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate debt | 5,876,607,000 | 5,356,103,000 | ' | ' | ' | ' | 180,500,000 | ' | 180,234,000 | 491,518,000 | 185,000,000 | ' | ' | ' | ' | ' | ' | ' | 110,000,000 | ' | ' | ' | 215,000,000 | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining deferred financing fees, net | ' | ' | ' | ' | ' | ' | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of revolving credit facility | 225,000,000 | 484,000,000 | 270,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 390,000,000 | ' | 225,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from funding of term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $750,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $750,000,000 |
Percentage fee charged for prepayment equal to aggregate principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Terms_Of_The_Senior_Credi
Debt (Terms Of The Senior Credit Agreement) (Narrative) (Details) (Senior Credit Agreement [Member]) | 1 Months Ended | 12 Months Ended |
Aug. 27, 2013 | Dec. 31, 2013 | |
Senior Credit Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt to EBITDA ratio | 6 | 6.5 |
Consolidated total debt to annualized borrower EBITDA | ' | 6.5 |
Consecutive trading days | ' | '30 days |
Annualized borrower EBITDA to annualized cash interest expense | ' | 2 |
Debt_Mobilitie_Bridge_Loan_Nar
Debt (Mobilitie Bridge Loan) (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 13, 2012 | Apr. 02, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 13, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Apr. 02, 2012 | Apr. 02, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Apr. 02, 2012 | Apr. 02, 2012 |
Mobilitie Bridge Loan [Member] | Mobilitie Bridge Loan [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | |||
Base Rate [Member] | Eurodollar [Member] | Mobilitie Bridge Loan [Member] | Mobilitie Bridge Loan [Member] | Base Rate [Member] | Eurodollar [Member] | Mobilitie Bridge Loan [Member] | Mobilitie Bridge Loan [Member] | ||||||||
Base Rate [Member] | Eurodollar [Member] | Base Rate [Member] | Eurodollar [Member] | ||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | $5,910,041,000 | $5,440,073,000 | ' | $400,000,000 | $800,000,000 | $800,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable interest rate | ' | ' | ' | ' | ' | ' | ' | 0.88% | 1.88% | 2.00% | 3.00% | 1.38% | 2.38% | 2.50% | 3.50% |
Repayments of long-term debt | ' | ' | $400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | ' | 5.75% | ' | 5.75% | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Secured_Tower_Revenue_Sec
Debt (Secured Tower Revenue Securities) (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 16, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 16, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 16, 2010 | Aug. 09, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 18, 2013 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Apr. 18, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 07, 2014 | Apr. 18, 2013 | Apr. 24, 2013 | Dec. 31, 2013 | Jun. 30, 2011 | Feb. 07, 2014 | Apr. 24, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | 16-May-08 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
item | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 2010 Secured Tower Revenue Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 2013 Secured Tower Revenue Securities [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2012-2 Term Loan B [Member] | 2012-2 Term Loan B [Member] | 2012-2 Term Loan B [Member] | 2012-2 Term Loan B [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | Tower Securities [Member] | 2010 Tower Securities, 2012-1 Tower Securities, and 2013 Tower Securities [Member] | Minimum [Member] | Excess Cash Flow Reserve Minimum [Member] | Amortization Period Prepay Maximum [Member] | |||
site | Tower Securities [Member] | Tower Securities [Member] | Tower Securities [Member] | ||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | $5,910,041,000 | $5,440,073,000 | ' | $680,000,000 | $680,000,000 | $680,000,000 | $550,000,000 | $550,000,000 | $550,000,000 | ' | $610,000,000 | $610,000,000 | $610,000,000 | $425,000,000 | $425,000,000 | $575,000,000 | $575,000,000 | $330,000,000 | $330,000,000 | $1,330,000,000 | ' | $215,000,000 | $100,000,000 | ' | ' | ' | $500,000,000 | $500,000,000 | ' | ' | ' | $300,000,000 | ' | ' | ' | $468,836,000 | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | 4.25% | 4.25% | ' | 5.10% | 5.10% | ' | ' | 2.93% | 2.93% | ' | 2.24% | 2.24% | 3.72% | 3.72% | 3.60% | 3.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.88% | 1.88% | 1.88% | ' | ' | ' | ' | ' | ' |
Debt instrument, weighted average interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.22% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayment date of debt instrument | ' | ' | ' | 'April 15, 2015 | ' | ' | 'April 17, 2017 | ' | ' | ' | 'December 15, 2017 | ' | ' | 'April 2018 | ' | 'April 2023 | ' | 'April 2018 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | ' | 16-Apr-40 | 15-Apr-15 | ' | 15-Apr-42 | 17-Apr-17 | ' | ' | 15-Dec-42 | 15-Dec-17 | ' | 1-Apr-43 | 17-Apr-18 | 1-Apr-48 | 17-Apr-23 | 1-Apr-43 | 17-Apr-18 | ' | ' | 9-May-17 | ' | ' | ' | ' | 30-Jun-18 | ' | ' | ' | ' | 28-Sep-19 | 1-May-13 | 1-May-13 | ' | ' | ' | ' | ' | ' | ' |
Amortized deferred financing fees | 15,560,000 | 12,870,000 | 9,188,000 | ' | ' | ' | ' | ' | ' | 18,000,000 | 14,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | 25,300,000 | ' | ' | ' | 1,100,000 | ' | 2,300,000 | ' | ' | 1,000,000 | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average life of debt instrument through the anticipated repayment date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years 2 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | ' | 180,500,000 | 310,700,000 | 310,700,000 | 312,000,000 | ' | 110,000,000 | 189,300,000 | 189,300,000 | 190,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company Owned Tower Sites | 20,079 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate debt | $5,876,607,000 | $5,356,103,000 | ' | ' | $680,000,000 | $680,000,000 | ' | $550,000,000 | $550,000,000 | ' | ' | $610,000,000 | $610,000,000 | ' | $425,000,000 | ' | $575,000,000 | ' | $330,000,000 | ' | ' | $215,000,000 | $100,000,000 | ' | ' | ' | $180,500,000 | ' | ' | ' | ' | $110,000,000 | ' | ' | ' | $457,351,000 | ' | $3,170,000,000 | ' | ' | ' |
Aggregate number of tower sites owned by Borrowers | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,932 | ' | ' | ' | ' |
Property management fee percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' |
Additional interest rate for non-compliance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' |
U.S. Treasury rate term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' |
Interest added to Treasury rate and credit-based spread for non-compliance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' |
Debt service coverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.3 | 1.15 |
Debt_1875_Convertible_Senior_N
Debt (1.875% Convertible Senior Notes Due 2013) (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 3 Months Ended | 0 Months Ended | 12 Months Ended | ||||
Dec. 31, 2013 | Feb. 22, 2013 | 16-May-08 | Dec. 31, 2013 | Apr. 18, 2013 | Feb. 01, 2013 | Sep. 30, 2013 | Feb. 22, 2013 | 16-May-08 | Dec. 31, 2013 | |
1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | ||
Lehman Brothers [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | |||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, issuance date | ' | ' | 16-May-08 | ' | ' | ' | ' | ' | ' | ' |
Convertible senior notes issued | ' | ' | $550,000,000 | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | 1.88% | 1.88% | 1.88% | ' | ' | ' | ' | ' |
Interest payable dates | ' | ' | 'May 1 and November 1 | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | 1-May-13 | 1-May-13 | ' | ' | ' | ' | ' | ' |
Conversion rate | ' | ' | ' | ' | ' | ' | ' | ' | 0.0241196 | ' |
Per share conversion price | ' | ' | ' | ' | ' | ' | ' | ' | $41.46 | ' |
Conversion premium | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | ' |
Last reported selling price | ' | ' | ' | ' | ' | ' | ' | ' | $34.55 | ' |
Issuance of stock for conversion of debt, amount | 18,159,000 | 18,100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt conversion, common stock issued | ' | 437,134 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock received | ' | ' | ' | ' | ' | ' | ' | 71,054 | ' | ' |
Settlement of future conversion obligations | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' |
Additional conversion notices aggregate value | ' | ' | ' | 450,600,000 | ' | ' | ' | ' | ' | ' |
Converted Notes held by subsidiary | ' | ' | ' | 81,200,000 | ' | ' | ' | ' | ' | ' |
Convertible indenture notes | ' | ' | ' | 1.76402 | ' | ' | ' | ' | ' | ' |
Convertible notes aggregate value | ' | ' | ' | 794,800,000 | ' | ' | ' | ' | ' | ' |
Aggregate principal amount | ' | ' | ' | 142,000 | ' | ' | ' | ' | ' | ' |
Proceeds from settlement of convertible note hedges | 182,855,000 | ' | ' | 182,900,000 | ' | ' | ' | ' | ' | ' |
Company paid in cash to settle warrants | 97,912,000 | ' | ' | 97,900,000 | ' | ' | ' | ' | ' | ' |
Common stock warrants issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | 392,532 |
Initial strike price of warrants | ' | ' | ' | $67.37 | ' | ' | ' | ' | ' | ' |
Gain on a sale of a bankruptcy claim | ' | ' | ' | ' | ' | ' | $27,300,000 | ' | ' | ' |
Debt_40_Convertible_Senior_Not
Debt (4.0% Convertible Senior Notes Due 2014) (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 29, 2009 | Dec. 31, 2013 | Dec. 31, 2013 | Apr. 24, 2009 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | Circumstance A [Member] | Circumstance A [Member] | Circumstance B [Member] | Circumstance B [Member] | ||||
Class A Common Stock [Member] | Class A Common Stock [Member] | Minimum [Member] | Maximum [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | Class A Common Stock [Member] | Maximum [Member] | |||||||
Class A Common Stock [Member] | Minimum [Member] | Class A Common Stock [Member] | ||||||||||||
Class A Common Stock [Member] | ||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, issuance date | ' | ' | ' | 24-Apr-09 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible senior notes issued | ' | ' | ' | $500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | 4.00% | 4.00% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Interest payable dates | ' | ' | ' | 'April 1 and October 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | ' | 1-Oct-14 | ' | 1-Oct-14 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance fee of convertible senior notes | ' | ' | ' | 11,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortized deferred financing fees | 15,560,000 | 12,870,000 | 9,188,000 | 7,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing fees recorded as a reduction to shareholders' equity | ' | ' | ' | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion rate | ' | ' | ' | ' | ' | ' | 0.0329164 | ' | ' | ' | ' | ' | ' | ' |
Per share conversion price | ' | ' | ' | ' | ' | ' | $30.38 | ' | ' | ' | ' | ' | ' | ' |
Conversion premium | ' | ' | ' | ' | ' | ' | 22.50% | ' | ' | ' | ' | ' | ' | ' |
Last reported selling price | ' | ' | ' | ' | ' | ' | $24.80 | ' | ' | ' | ' | ' | ' | ' |
Upper strike price of warrants | ' | ' | ' | ' | ' | ' | $44.64 | ' | ' | ' | ' | ' | ' | ' |
Coupon rate of notes | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | 12.90% | ' | ' | ' | ' |
Carrying amount of the equity component | ' | ' | ' | ' | 169,000,000 | 169,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible notes conversion criteria associated with common stock trading price | ' | ' | ' | ' | ' | 'during any calendar quarter, if the last reported sale price of the Class A common stock for at least 20 trading days in the 30 consecutive trading day period ending on the last trading day of the preceding calendar quarter is more than 130% of the applicable conversion price per share of Class A common stock on the last day of such preceding calendar quarter | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible notes conversion criteria associated with common stock and convertible notes trading price | ' | ' | ' | ' | ' | 'during the five business day period after any ten consecutive trading day period in which the trading price per $1,000 principal amount of the 4.0% Notes for each day in the measurement period was less than 95% of the product of the last reported sale price of the ClassB A common stock and the applicable conversion rate | ' | ' | ' | ' | ' | ' | ' | ' |
Trading days | ' | ' | ' | ' | ' | ' | ' | '20 days | ' | ' | '20 days | ' | ' | ' |
Consecutive trading days | ' | ' | ' | ' | ' | ' | ' | '30 days | ' | ' | '30 days | ' | '10 days | ' |
Threshold percentage of stock trigger price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 130.00% | ' | ' |
Measurement period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 days | ' |
Measurement period threshold percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 95.00% |
Common stock closing price per share | ' | ' | ' | ' | ' | ' | ' | $39.49 | ' | ' | ' | ' | ' | ' |
Principal amount converted | ' | ' | ' | ' | ' | 43,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock | ' | ' | ' | ' | ' | ' | ' | 1,404 | ' | ' | ' | ' | ' | ' |
Common stock received | ' | ' | ' | ' | ' | ' | ' | 641 | ' | ' | ' | ' | ' | ' |
Additional conversion notices aggregate value | ' | ' | ' | ' | $33,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Senior_Notes_Narrative_De
Debt (Senior Notes) (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 29, 2012 | Apr. 13, 2012 | Jul. 24, 2009 | Dec. 31, 2013 | Apr. 13, 2012 | Jul. 24, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 13, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 13, 2012 | Jul. 24, 2009 | |
8.0% Senior Notes [Member] | 8.0% Senior Notes [Member] | 8.0% Senior Notes [Member] | 8.0% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unsecured senior notes | ' | ' | ' | ' | ' | $375,000,000 | ' | ' | $375,000,000 | ' | ' | $800,000,000 | ' | ' | $500,000,000 | ' | ' | ' | $750,000,000 |
Debt instrument, maturity date | ' | ' | ' | ' | ' | 15-Aug-16 | ' | ' | 15-Aug-19 | 15-Aug-19 | ' | 15-Jul-20 | 15-Jul-20 | ' | 1-Oct-19 | 1-Oct-19 | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | ' | ' | 8.00% | 8.00% | ' | 8.25% | 8.25% | ' | 5.75% | 5.75% | ' | 5.63% | 5.63% | ' | ' | ' |
Percentage of face value price for issuance of senior notes | ' | ' | ' | ' | ' | 99.33% | ' | ' | 99.15% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest payable dates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'July 15 and January 15 | ' | ' | 'October 1 and April 1 | ' | ' | ' | 'February 15 and August 15 |
Amortized deferred financing fees | 15,560,000 | 12,870,000 | 9,188,000 | 3,400,000 | ' | ' | ' | ' | 5,400,000 | ' | ' | 14,000,000 | ' | ' | 8,500,000 | ' | ' | 4,300,000 | ' |
Net proceeds of offering after deducting discounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 727,800,000 |
Debt instrument, aggregate principal amount redeemed | ' | ' | ' | 243,800,000 | 131,300,000 | ' | ' | 131,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premium on redemption | ' | ' | ' | 14,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,300,000 | ' |
Debt discount expensed | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | ' |
Debt instrument, Principal Balance | 5,910,041,000 | 5,440,073,000 | ' | ' | ' | ' | ' | ' | ' | 243,750,000 | 243,750,000 | ' | 800,000,000 | 800,000,000 | ' | 500,000,000 | 500,000,000 | ' | ' |
Debt, Carrying Value | $5,876,607,000 | $5,356,103,000 | ' | ' | ' | ' | ' | ' | ' | $242,387,000 | $242,205,000 | ' | $800,000,000 | $800,000,000 | ' | $500,000,000 | $500,000,000 | ' | ' |
Debt_BNDE_Loans_Narrative_Deta
Debt (BNDE Loans) (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
BNDE Loan [Member] | Minimum [Member] | Maximum [Member] | |||
BNDE Loan [Member] | BNDE Loan [Member] | ||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Debt instrument, Fair Value | ' | ' | $5,847,000 | ' | ' |
Debt instrument, additional borrowings | ' | ' | 1,300,000 | ' | ' |
Repayments of long-term debt | ' | ' | 200,000 | ' | ' |
Minimum interest rate | ' | ' | 2.50% | ' | ' |
Maximum interest rate | ' | ' | 6.50% | ' | ' |
Debt instrument, maturity date | ' | ' | ' | 18-Jan-16 | 19-Jul-18 |
Debt instrument, Principal Balance | 5,910,041,000 | 5,440,073,000 | 5,847,000 | ' | ' |
Debt, Carrying Value | $5,876,607,000 | $5,356,103,000 | $5,847,000 | ' | ' |
Debt_Carrying_Values_Of_Debt_D
Debt (Carrying Values Of Debt) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | 16-May-08 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2012 | Apr. 29, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 24, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 13, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 16, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 16, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 09, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 18, 2013 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Apr. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Dec. 31, 2013 |
1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 4.254% 2010-1 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 5.101% 2010-2 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.933% 2012-1 Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 2.240% 2013-1C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.722% 2013-2C Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | 3.598% 2013-1D Tower Securities [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | 2011 Term Loan B [Member] | 2011 Term Loan B [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | BNDE Loan [Member] | |||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, Principal Balance | $5,910,041,000 | $5,440,073,000 | ' | ' | ' | $468,836,000 | ' | $499,944,000 | $499,987,000 | ' | $243,750,000 | $243,750,000 | ' | $500,000,000 | $500,000,000 | ' | $800,000,000 | $800,000,000 | $680,000,000 | $680,000,000 | $680,000,000 | $550,000,000 | $550,000,000 | $550,000,000 | $610,000,000 | $610,000,000 | $610,000,000 | $425,000,000 | $425,000,000 | $575,000,000 | $575,000,000 | $330,000,000 | $330,000,000 | $215,000,000 | $100,000,000 | $180,529,000 | $492,500,000 | $185,000,000 | $195,000,000 | $109,971,000 | $300,000,000 | $300,000,000 | $5,847,000 |
Debt, Carrying value | 5,876,607,000 | 5,356,103,000 | ' | ' | ' | 457,351,000 | ' | 468,394,000 | 430,751,000 | ' | 242,387,000 | 242,205,000 | ' | 500,000,000 | 500,000,000 | ' | 800,000,000 | 800,000,000 | ' | 680,000,000 | 680,000,000 | ' | 550,000,000 | 550,000,000 | ' | 610,000,000 | 610,000,000 | ' | 425,000,000 | ' | 575,000,000 | ' | 330,000,000 | 215,000,000 | 100,000,000 | 180,234,000 | 491,518,000 | 185,000,000 | 195,000,000 | 109,745,000 | 299,278,000 | ' | 5,847,000 |
Less: current maturities of long-term debt | -481,886,000 | -475,351,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt, net of current maturities | $5,394,721,000 | $4,880,752,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | 1-May-13 | 1-May-13 | ' | ' | 1-Oct-14 | 1-Oct-14 | ' | 15-Aug-19 | 15-Aug-19 | ' | 1-Oct-19 | 1-Oct-19 | ' | 15-Jul-20 | 15-Jul-20 | ' | 16-Apr-40 | 15-Apr-15 | ' | 15-Apr-42 | 17-Apr-17 | ' | 15-Dec-42 | 15-Dec-17 | ' | 1-Apr-43 | 17-Apr-18 | 1-Apr-48 | 17-Apr-23 | 1-Apr-43 | 17-Apr-18 | 9-May-17 | ' | 30-Jun-18 | ' | 9-May-17 | ' | 28-Sep-19 | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | 1.88% | 1.88% | 1.88% | ' | 4.00% | 4.00% | ' | 8.25% | 8.25% | ' | 5.63% | 5.63% | ' | 5.75% | 5.75% | ' | 4.25% | 4.25% | ' | 5.10% | 5.10% | ' | 2.93% | 2.93% | ' | 2.24% | 2.24% | 3.72% | 3.72% | 3.60% | 3.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Future_Principal_Payment_
Debt (Future Principal Payment Obligations) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Debt [Abstract] | ' | ' |
2014 | $513,436,000 | ' |
2015 | 698,983,000 | ' |
2016 | 21,460,000 | ' |
2017 | 1,511,208,000 | ' |
2018 | 936,233,000 | ' |
Therafter | 2,228,721,000 | ' |
Total | $5,910,041,000 | $5,440,073,000 |
Debt_Schedule_Of_Cash_And_NonC
Debt (Schedule Of Cash And Non-Cash Interest Expense) (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 18, 2013 | 16-May-08 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 29, 2009 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Jul. 24, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jul. 24, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 13, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 8.0% Senior Notes [Member] | 8.0% Senior Notes [Member] | 8.0% Senior Notes [Member] | 8.0% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.625% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 5.75% Senior Notes [Member] | 2010 Secured Tower Revenue Securities [Member] | 2010 Secured Tower Revenue Securities [Member] | 2010 Secured Tower Revenue Securities [Member] | 2012 Secured Tower Revenue Securities [Member] | 2012 Secured Tower Revenue Securities [Member] | 2013 Secured Tower Revenue Securities [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2011 Term Loan [Member] | 2012-1 Term Loan A [Member] | 2012-1 Term Loan A [Member] | 2012-2 Term Loan [Member] | 2012-2 Term Loan [Member] | Mobilitie Bridge Loan [Member] | Other [Member] | Other [Member] | Other [Member] | ||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash Interest | $249,051 | $196,241 | $160,896 | $2,670 | $9,885 | $10,090 | ' | ' | $19,998 | $20,000 | $20,000 | ' | $15,867 | $30,000 | ' | ' | $20,109 | $23,177 | $30,938 | ' | $28,125 | $7,266 | ' | $46,000 | $21,594 | ' | $57,383 | $57,377 | $57,371 | $18,085 | $7,133 | $30,392 | $4,515 | $4,392 | $3,209 | $10,533 | $18,894 | $9,705 | $4,557 | $3,567 | $6,416 | $2,969 | $4,239 | $268 | ($119) | ($417) |
Non-cash Interest | $49,085 | $70,110 | $63,629 | $10,434 | $36,388 | $33,844 | ' | ' | $38,307 | $33,149 | $29,149 | ' | $174 | $309 | ' | ' | $182 | $192 | $237 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $101 | $179 | $90 | ' | ' | $61 | $28 | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | 1.88% | ' | ' | 1.88% | 1.88% | 4.00% | ' | ' | 4.00% | ' | ' | 8.00% | 8.00% | 8.25% | ' | ' | 8.25% | 5.63% | ' | 5.63% | 5.75% | ' | 5.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Summary_Of_LongTerm_Debt_
Debt (Summary Of Long-Term Debt) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, Principal Balance | $5,910,041,000 | $5,440,073,000 |
Debt, Carrying value | 5,876,607,000 | 5,356,103,000 |
4.0% Convertible Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, Principal Balance | 499,944,000 | 499,987,000 |
Debt discount | -31,550,000 | -69,236,000 |
Debt, Carrying value | $468,394,000 | $430,751,000 |
Redeemable_Noncontrolling_Inte1
Redeemable Noncontrolling Interests (Narrative) (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended |
In Millions, unless otherwise specified | Mar. 31, 2013 | Dec. 31, 2011 | Mar. 31, 2013 |
Additional Paid-In Capital [Member] | Canadian Joint Venture [Member] | Central American Joint Venture [Member] | |
Noncontrolling Interest [Line Items] | ' | ' | ' |
Acquired noncontrolling interest | ' | $0.70 | $6 |
Acquired additional non-controlling interest | ' | 4.60% | 10.00% |
Ownership interest after acquisition | ' | 100.00% | 100.00% |
Adjusted non-controlling interest | $5.70 | ' | ' |
Shareholders_Equity_Narrative_
Shareholders' Equity (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | |||||||||||||||
Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 07, 2012 | Dec. 31, 2007 | Dec. 31, 2013 | Apr. 18, 2013 | 16-May-08 | Dec. 31, 2013 | Apr. 29, 2009 | Apr. 27, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | 20-May-10 | Apr. 02, 2012 | Apr. 02, 2012 | Oct. 31, 2012 | Oct. 31, 2012 | |
Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 1.875% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | 4.0% Convertible Senior Notes [Member] | Current Stock Repurchase Program [Member] | Current Stock Repurchase Program [Member] | Stock Repurchase Program [Member] | Previous Stock Repurchase Program [Member] | 2010 Plan [Member] | 2010 Plan [Member] | Mobilitie [Member] | Mobilitie [Member] | TowerCo [Member] | TowerCo [Member] | ||
Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | |||||||||||||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument stated percentage | ' | ' | ' | ' | ' | 1.88% | 1.88% | 1.88% | 4.00% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock repurchase program, authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $300,000,000 | $300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock repurchased and retired, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,917,940 | ' | ' | ' | ' | ' | ' | ' |
Stock repurchased and retired, value | 225,072,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 225,100,000 | 75,100,000 | ' | ' | ' | ' | ' | ' |
Stock repurchase program, remaining authorization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum issuance of shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | 15,000,000 | ' | ' | ' | ' |
Shares remaining available for future issuance under the plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,500,000 | ' | ' | ' | ' | ' |
Shares, issued | ' | ' | ' | ' | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares reclassified as authorized and unissued | ' | 1,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | ' | 128,432,000 | 126,933,000 | 6,005,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock value per share | ' | ' | ' | $47.30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of stock, net of related fees | ' | ' | ' | 283,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total consideration paid in cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $850,000,000 | ' | $1,200,000,000 | ' |
Newly issued shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,250,000 | ' | 4,588,840 |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 20-May-10 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |
ShareBasedCompensationPlan | Employee Stock Option [Member] | Restricted Stock Units (RSUs) [Member] | 2010 Plan [Member] | 2010 Plan [Member] | 2010 Plan [Member] | 2008 Plan [Member] | 2008 Plan [Member] | 2008 Plan [Member] | 2008 Plan [Member] | 2008 Plan [Member] | Minimum [Member] | Maximum [Member] | |||
Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of equity participation plans | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual life of options and restricted stock units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years | '10 years |
Maximum issuance of shares | ' | ' | ' | ' | ' | ' | 15,000,000 | 15,000,000 | ' | ' | ' | 500,000 | ' | ' | ' |
Maximum issuance of granted | ' | ' | ' | ' | ' | 7,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares remaining available for future issuance under the plan | ' | ' | ' | ' | ' | ' | 12,500,000 | ' | 354,441 | ' | ' | ' | ' | ' | ' |
Weighted-average fair value of options granted | $17.38 | $20.31 | $18.53 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total intrinsic value for options exercised | $39,300,000 | $49,000,000 | $12,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash received from option exercises | 21,400,000 | 32,000,000 | 15,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax benefit realized from stock option exercises | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share price | $89.84 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total unrecognized compensation cost related to unvested stock options | ' | ' | ' | 22,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average period to recognize cost | ' | ' | ' | '2 years 7 months 24 days | '2 years 4 months 24 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total fair value of shares vested | 9,800,000 | 9,000,000 | 9,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total unrecognized compensation expense related to unvested restricted stock | ' | ' | ' | ' | 11,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of purchase plan price per share equal to the fair market value | ' | ' | ' | ' | ' | ' | ' | ' | 85.00% | ' | ' | ' | ' | ' | ' |
Class A common stock were issued under the purchase plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,604 | 23,724 | ' | ' |
Cash proceeds from issuance of shares under the purchase plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,700,000 | 1,100,000 | ' | ' |
Non-cash compensation expense | 17,205,000 | 13,968,000 | 11,469,000 | ' | ' | ' | ' | ' | 300,000 | 200,000 | 200,000 | ' | ' | ' | ' |
Non-cash compensation capitalized to fixed and intangible assets | $200,000 | $200,000 | $200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
StockBased_Compensation_Schedu
Stock-Based Compensation (Schedule Of Assumptions Used To Estimate Fair Value Of Stock Options) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Risk free interest rate, Minimum | 0.51% | 0.58% | 0.66% |
Risk free interest rate, Maximum | 1.38% | 0.83% | 2.17% |
Dividend yield | 0.00% | 0.00% | 0.00% |
Expected volatility | ' | 53.00% | 53.90% |
Minimum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected lives | '3 years 10 months 24 days | '3 years 9 months 18 days | '3 years 6 months |
Maximum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected lives | '4 years 9 months 18 days | '4 years 7 months 6 days | '4 years 6 months |
StockBased_Compensation_Compan
Stock-Based Compensation (Company's Activities With Respect To Its Stock Options) (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Stock-Based Compensation [Abstract] | ' | ' | ' |
Number of Shares Outstanding, Beginning Balance | 2,831 | 3,608 | 3,786 |
Number of Shares, Granted | 984 | 613 | 578 |
Number of Shares, Exercised | -776 | -1,381 | -704 |
Number of Shares, Canceled | -60 | -9 | -52 |
Number of Shares Outstanding, Ending Balance | 2,979 | 2,831 | 3,608 |
Number of Shares Exercisable, Ending Balance | 1,194 | ' | ' |
Number of Shares Unvested, Ending Balance | 1,785 | ' | ' |
Weighted-Average Exercise Price Per Share Outstanding, Beginning Balance | $34.06 | $28.06 | $24.78 |
Weighted-Average Exercise Price Per Share, Granted | $73.17 | $47.58 | $41.91 |
Weighted-Average Exercise Price Per Share, Exercised | $27.57 | $24.37 | $21.53 |
Weighted-Average Exercise Price Per Share, Canceled | $52.54 | $37.71 | $32.07 |
Weighted-Average Exercise Price Per Share Outstanding, Ending Balance | $48.30 | $34.06 | $28.06 |
Weighted-Average Exercise Price Per Share Exercisable, Ending Balance | $31.17 | ' | ' |
Weighted-Average Exercise Price Per Share Unvested, Ending Balance | $59.74 | ' | ' |
Weighted-Average Remaining Contractual Life (in Years) Outstanding at December 31, 2013 | '4 years 3 months 18 days | ' | ' |
Weighted-Average Remaining Contractual Life (in years) Exercisable at December 31, 2013 | '2 years 7 months 6 days | ' | ' |
Weighted-Average Remaining Contractual Life (in years) Unvested at December 31, 2013 | '5 years 6 months | ' | ' |
Aggregate Intrinsic Value Exercisable at December 31, 2013 | $123,769 | ' | ' |
Aggregate Intrinsic Value Outstanding at December 31, 2013 | 70,033 | ' | ' |
Aggregate Intrinsic Value Unvested at December 31, 2013 | $53,736 | ' | ' |
StockBased_Compensation_Additi
Stock-Based Compensation (Additional Information Regarding Options Outstanding And Exercisable) (Details) (USD $) | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options Outstanding, Number of Shares | 2,979 |
Options Exercisable, Number of Shares | 1,194 |
$0.00 - $10.50 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price range, lower limit | $0 |
Exercise price range, upper limit | $10.50 |
Options Outstanding, Number of Shares | 9 |
Options Outstanding, Weighted Average Contractual Life | '1 year 1 month 6 days |
Options Outstanding, Weighted Average Exercise Price | $8.56 |
Options Exercisable, Number of Shares | 9 |
Options Exercisable, Weighted Average Exercise Price | $8.56 |
$10.51 - $21.00 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price range, lower limit | $10.51 |
Exercise price range, upper limit | $21 |
Options Outstanding, Number of Shares | 340 |
Options Outstanding, Weighted Average Contractual Life | '2 years 1 month 6 days |
Options Outstanding, Weighted Average Exercise Price | $19.41 |
Options Exercisable, Number of Shares | 340 |
Options Exercisable, Weighted Average Exercise Price | $19.41 |
$21.01 - $31.50 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price range, lower limit | $21.01 |
Exercise price range, upper limit | $31.50 |
Options Outstanding, Number of Shares | 104 |
Options Outstanding, Weighted Average Contractual Life | '3 years |
Options Outstanding, Weighted Average Exercise Price | $27.53 |
Options Exercisable, Number of Shares | 95 |
Options Exercisable, Weighted Average Exercise Price | $27.39 |
$31.51 - $60.00 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price range, lower limit | $31.51 |
Exercise price range, upper limit | $60 |
Options Outstanding, Number of Shares | 1,560 |
Options Outstanding, Weighted Average Contractual Life | '3 years 9 months 18 days |
Options Outstanding, Weighted Average Exercise Price | $40.81 |
Options Exercisable, Number of Shares | 750 |
Options Exercisable, Weighted Average Exercise Price | $37.26 |
$60.01 - $79.67 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price range, lower limit | $60.01 |
Exercise price range, upper limit | $79.67 |
Options Outstanding, Number of Shares | 966 |
Options Outstanding, Weighted Average Contractual Life | '6 years 2 months 12 days |
Options Outstanding, Weighted Average Exercise Price | $73.17 |
Options Exercisable, Weighted Average Exercise Price | $0 |
StockBased_Compensation_Activi
Stock-Based Compensation (Activity Of Options Outstanding Not Yet Vested) (Details) (USD $) | 12 Months Ended | ||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Stock-Based Compensation [Abstract] | ' | ' | ' |
Number of Shares, Unvested as of December 31, 2012 | 1,526 | ' | ' |
Number of Shares, Granted | 984 | 613 | 578 |
Number of Shares, Vesting during period | -665 | ' | ' |
Number of Shares, Forfeited or cancelled | -60 | ' | ' |
Number of Shares, Unvested as of December 31, 2013 | 1,785 | 1,526 | ' |
Weighted-Average Fair Value Per Share, Unvested as ofDecember 31, 2012 | $17.20 | ' | ' |
Weighted-Average Fair Value Per Share, Granted | $17.38 | $20.31 | $18.53 |
Weighted-Average Fair Value Per Share, Vesting during period | $14.79 | ' | ' |
Weighted-Average Fair Value Per Share, Forfeited or canceled | $18.52 | ' | ' |
Weighted-Average Fair Value Per Share, Unvested as of December 31, 2013 | $18.15 | $17.20 | ' |
StockBased_Compensation_Compan1
Stock-Based Compensation (Company's Restricted Stock Unit Activity) (Details) (USD $) | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 |
Stock-Based Compensation [Abstract] | ' |
Number of Units Outstanding, Beginning Balance | 294 |
Number of Units, Granted | 122 |
Number of Units, Vested | -100 |
Number of Units, Forfeited/Canceled | -11 |
Number of Units Outstanding, Ending Balance | 305 |
Number of Units, Expected to vest, net of estimated forfeitures, as of December 31, 2013 | 303 |
Weighted-Average Grant Date Fair Value per Share Outstanding, Beginning Balance | $43.27 |
Weighted-Average Grant Date Fair Value per Share, Granted | $73.44 |
Weighted-Average Grant Date Fair Value per Share, Vested | $41.82 |
Weighted-Average Grant Date Fair Value per Share, Forfeited/Canceled | $49.03 |
Weighted-Average Grant Date Fair Value per Share Outstanding, Ending Balance | $55.60 |
Weighted-Average Grant Date Fair Value per Share, Expected to vest, net of estimated forfeitures, as of December 31, 2013 | $55.69 |
StockBased_Compensation_Schedu1
Stock-Based Compensation (Schedule Of Non-Cash Compensation Expense) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Total cost of non-cash compensation included in loss before provision for income taxes | $17,205 | $13,968 | $11,469 |
Amount charged against loss | 17,205 | 13,968 | 11,469 |
Cost of Revenues [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Total cost of non-cash compensation included in loss before provision for income taxes | 230 | 187 | 187 |
Selling, General and Administrative Expenses [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Total cost of non-cash compensation included in loss before provision for income taxes | $16,975 | $13,781 | $11,282 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Schedule Of Income Taxes [Line Items] | ' | ' | ' |
Reconciliation of provision for income taxes on continuing operations at the statutory U.S. Federal tax rate | 35.00% | ' | ' |
Valuation allowance recognized | $246,500,000 | $233,700,000 | ' |
Net change in valuation allowance | 12,800,000 | 57,900,000 | ' |
Valuation allowance relating to federal carryover | 2,000,000 | ' | ' |
Valuation allowance relating to state tax credit carryover | ' | 400,000 | ' |
Net federal operating tax loss carry-forward | 1,200,000,000 | ' | ' |
Net operating tax loss carried forward from stock options | 185,500,000 | ' | ' |
Operating loss carry-forward, expiration year | '2014 | ' | ' |
Foreign net operating loss carry-forward | 36,300,000 | ' | ' |
Net state operating tax loss carry-forward | 594,800,000 | ' | ' |
Deferred (benefit) provision for taxes, Foreign tax | -9,013,000 | -1,000 | -1,104,000 |
Undistributed earnings of Company's foreign subsidiaries | 9,800,000 | ' | ' |
Undistributed earnings of foreign subsidiaries, federal and state income taxes | 0 | ' | ' |
Minimum [Member] | ' | ' | ' |
Schedule Of Income Taxes [Line Items] | ' | ' | ' |
Tax credit carry-forward, expiration year | '2017 | ' | ' |
Operating loss carry-forward, expiration year | '2019 | ' | ' |
Maximum [Member] | ' | ' | ' |
Schedule Of Income Taxes [Line Items] | ' | ' | ' |
Operating loss carry-forward, expiration year | '2033 | ' | ' |
Guatemala [Member] | Foreign Tax Authority [Member] | ' | ' | ' |
Schedule Of Income Taxes [Line Items] | ' | ' | ' |
Deferred (benefit) provision for taxes, Foreign tax | -3,600,000 | ' | ' |
Nicaragua [Member] | Foreign Tax Authority [Member] | ' | ' | ' |
Schedule Of Income Taxes [Line Items] | ' | ' | ' |
Deferred (benefit) provision for taxes, Foreign tax | ($1,400,000) | ' | ' |
Income_Taxes_Loss_Before_Provi
Income Taxes (Loss Before Provision For Income Taxes From Continuing Operations By Geographic Area) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Domestic | ($45,429) | ($175,679) | ($118,671) |
Foreign | -11,789 | -1,413 | -6,108 |
Total | ($57,218) | ($177,092) | ($124,779) |
Income_Taxes_Components_Of_Pro
Income Taxes (Components Of Provision For Income Taxes) (Details) (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Income Taxes [Abstract] | ' | ' | ' | |||
Current (benefit) provision for taxes, Federal | ' | ($1,237,000) | [1] | ' | ||
Current (benefit) provision for taxes, State | 387,000 | 2,702,000 | 2,191,000 | |||
Current (benefit) provision for taxes, Foreign | 4,946,000 | [1] | 3,769,000 | [1] | 1,608,000 | [1] |
Total current | 5,333,000 | 5,234,000 | 3,799,000 | |||
Deferred (benefit) provision for taxes, Federal income taxes | -11,977,000 | -53,501,000 | -38,303,000 | |||
Deferred (benefit) provision for taxes, State and local taxes | -3,272,000 | -13,750,000 | -5,111,000 | |||
Deferred (benefit) provision for taxes, Foreign tax | -9,013,000 | -1,000 | -1,104,000 | |||
Deferred (benefit) provision for taxes, Increase in valuation allowance | 17,620,000 | 68,612,000 | 42,832,000 | |||
Deferred income tax expense benefits | -6,642,000 | 1,360,000 | -1,686,000 | |||
Total (benefit) provision for income taxes | -1,309,000 | 6,594,000 | 2,113,000 | |||
Provision for income taxes on continuing operations | ' | 1,500,000 | ' | |||
Federal taxes on continuing operations | ' | 1,200,000 | ' | |||
State taxes on continuing operations | ' | $300,000 | ' | |||
[1] | Included in the 2012 current provision for income taxes on continuing operations is a benefit of $1.5 million that is an offset to the tax expense netted in discontinued operations. Of the $1.5 million benefit, $1.2 million relates to federal taxes and $0.3 million relates to state taxes. |
Income_Taxes_Income_Tax_Rate_R
Income Taxes (Income Tax Rate Reconciliation) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Statutory Federal benefit | ($20,027) | ($61,982) | ($43,673) |
Foreign tax expense | 2,870 | 1,878 | 1,576 |
State and local taxes benefit | -1,875 | -7,181 | -1,898 |
Non-deductible non-cash compensation | 2,605 | 987 | ' |
Foreign tax rate change | -4,960 | ' | ' |
Other | 2,458 | 4,280 | 3,276 |
Valuation allowance | 17,620 | 68,612 | 42,832 |
Total (benefit) provision for income taxes | ($1,309) | $6,594 | $2,113 |
Income_Taxes_Components_Of_Net
Income Taxes (Components Of Net Deferred Income Tax Asset And Liability) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Schedule of Deferred Tax Assets and Liabilities [Line Items] | ' | ' | ||
Current deferred tax assets, Allowance for doubtful accounts | $241 | $648 | [1] | |
Current deferred tax assets, Deferred revenue | 35,970 | 30,237 | [1] | |
Current deferred tax assets, Accrued liabilities | 14,862 | 4,891 | [1] | |
Current deferred tax assets, Valuation allowance | -21,187 | -15,374 | [1] | |
Current deferred tax assets, Total current deferred tax assets, net | 29,886 | [2] | 20,402 | [1],[2] |
Noncurrent deferred tax assets, Net operating losses | 438,608 | 436,083 | [1] | |
Noncurrent deferred tax assets, Property, equipment & intangible basis differences | 47,602 | 46,357 | [1] | |
Noncurrent deferred tax assets, Accrued liabilities | 26,087 | 15,259 | [1] | |
Noncurrent deferred tax assets, Non-cash compensation | 8,582 | 7,448 | [1] | |
Noncurrent deferred tax assets, Valuation allowance | -225,339 | -218,310 | [1] | |
Noncurrent deferred tax assets, Other | 2,527 | 5,081 | [1] | |
Total noncurrent deferred tax assets | 298,067 | [3] | 291,918 | [1],[3] |
Noncurrent deferred tax liabilities, Property, equipment & intangible basis differences | -339,037 | -318,446 | [1] | |
Noncurrent deferred tax liabilities, Convertible debt instruments | -2,006 | -3,660 | [1] | |
Noncurrent deferred tax liabilities, Straight-line Rents | -17,463 | -4,259 | [1] | |
Noncurrent deferred tax liabilities, Other | -8,079 | -6,631 | [1] | |
Total noncurrent deferred tax liabilities, net | -68,518 | [3] | -41,078 | [1],[3] |
Other Assets [Member] | ' | ' | ||
Schedule of Deferred Tax Assets and Liabilities [Line Items] | ' | ' | ||
Total noncurrent deferred tax assets | 232 | 148 | ||
Other Long-Term Liabilities [Member] | ' | ' | ||
Schedule of Deferred Tax Assets and Liabilities [Line Items] | ' | ' | ||
Total noncurrent deferred tax assets | ($68,750) | ($41,225) | ||
[1] | The prior year amounts reflect a recast of the valuation allowance. | |||
[2] | Amounts are included in Prepaid and other current assets on the Consolidated Balance Sheets. | |||
[3] | Of these amounts, $232 and $(68,750) are included in the Other assets and Other long-term liabilities, respectively on the accompanying Consolidated Balance Sheets as of December 31, 2013. As of December 31, 2012, $148 and $(41,225) are included in the Other assets and Other long-term liabilities on the accompanying Consolidated Balance Sheet. |
Commitments_And_Contingencies_1
Commitments And Contingencies (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule Of Commitments And Contingencies [Line Items] | ' | ' | ' |
Lease expiration period | 1-Dec-12 | ' | ' |
Rent expense for operating leases | $196.30 | $133.10 | $82.80 |
Contingent rent expense | 20.3 | 16.1 | 13.7 |
Long term purchase commitment milestone | 9.3 | 5.9 | ' |
Estimated obligation for long term purchase commitment milestones | 30.1 | ' | ' |
Maximum obligation for long term purchase commitment milestones | $42.10 | $17.10 | ' |
Minimum [Member] | ' | ' | ' |
Schedule Of Commitments And Contingencies [Line Items] | ' | ' | ' |
Business acquisitions performance target period | '1 year | ' | ' |
Maximum [Member] | ' | ' | ' |
Schedule Of Commitments And Contingencies [Line Items] | ' | ' | ' |
Business acquisitions performance target period | '3 years | ' | ' |
Commitments_And_Contingencies_2
Commitments And Contingencies (Annual Minimum Lease Payments) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Commitments And Contingencies [Abstract] | ' |
Capital Leases, due on 2014 | $1,743 |
Capital Leases, due on 2015 | 1,340 |
Capital Leases, due on 2016 | 649 |
Capital Leases, due on 2017 | 173 |
Total minimum lease payments | 3,905 |
Less: amount representing interest | -226 |
Present value of future payments | 3,679 |
Less: current obligations | -1,715 |
Long-term obligations | 1,964 |
Operating Leases, due on 2014 | 142,461 |
Operating Leases, due on 2015 | 143,508 |
Operating Leases, due on 2016 | 144,426 |
Operating Leases, due on 2017 | 146,051 |
Operating Leases, due on 2018 | 147,448 |
Operating Leases, due on thereafter | 2,740,007 |
Total minimum lease payments, Operating Leases | $3,463,901 |
Commitments_And_Contingencies_3
Commitments And Contingencies (Annual Minimum Tower Lease Income) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Commitments And Contingencies [Abstract] | ' |
2014 | $1,095,392 |
2015 | 999,859 |
2016 | 873,919 |
2017 | 757,558 |
2018 | 614,259 |
Thereafter | 3,611,317 |
Total | $7,952,304 |
Defined_Contribution_Plan_Narr
Defined Contribution Plan (Narrative) (Details) (USD $) | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Defined Contribution Plan [Abstract] | ' | ' | ' | ' | ' |
Condition to participate in defined contribution plan | ' | ' | 'Employees have the opportunity to participate following completion of three months of employment and must be 21 years of age. | ' | ' |
Discretionary matching contribution company percentage | 75.00% | 50.00% | ' | 50.00% | 50.00% |
Discretionary matching contribution, employee's contribution, maximum | $4,000 | $3,000 | ' | $3,000 | $3,000 |
Company matching contributions | ' | ' | $1,600,000 | $1,000,000 | $900,000 |
Segment_Data_Narrative_Details
Segment Data (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
segment | |||
Segment Reporting Information [Line Items] | ' | ' | ' |
Number of business segments | 2 | ' | ' |
Percentage of revenue generated from the foreign countries | 7.40% | 5.70% | 3.40% |
Percentage of total assets in the foreign countries | 15.30% | 12.20% | ' |
Brazil [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Cash held outside United States | ' | 178.1 | ' |
Segment_Data_Segment_Reporting
Segment Data (Segment Reporting Information Disclosure) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | $335,396 | $332,094 | $324,305 | $313,071 | $293,841 | $238,606 | $229,147 | $192,490 | $1,304,866 | $954,084 | $698,170 | |||||
Cost of revenues | ' | ' | ' | ' | ' | ' | ' | ' | 408,253 | [1] | 279,507 | [1] | 202,921 | [1] | ||
Depreciation, amortization and accretion | 133,328 | 133,281 | 141,089 | 125,636 | 131,357 | 101,012 | 93,998 | 82,100 | 533,334 | 408,467 | 309,146 | |||||
Operating income (loss) | 59,445 | 63,902 | 49,534 | 56,764 | 31,048 | 41,071 | 34,738 | 40,289 | 229,645 | 147,146 | 110,659 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 856,835 | [2] | 2,374,429 | [2] | 508,828 | [2] | ||
Assets | 6,783,188 | ' | ' | ' | 6,615,911 | ' | ' | ' | 6,783,188 | 6,615,911 | ' | |||||
Site Leasing Revenue [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,133,013 | 846,094 | 616,294 | |||||
Cost of revenues | ' | ' | ' | ' | ' | ' | ' | ' | 270,772 | [1] | 188,951 | [1] | 131,916 | [1] | ||
Depreciation, amortization and accretion | ' | ' | ' | ' | ' | ' | ' | ' | 529,026 | 404,976 | 306,386 | |||||
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 215,672 | 149,642 | 116,681 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 850,037 | [2] | 2,364,212 | [2] | 502,222 | [2] | ||
Assets | 6,468,370 | ' | ' | ' | 6,422,577 | ' | ' | ' | 6,468,370 | 6,422,577 | ' | |||||
Site Development [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 171,853 | 107,990 | 81,876 | |||||
Cost of revenues | ' | ' | ' | ' | ' | ' | ' | ' | 137,481 | [1] | 90,556 | [1] | 71,005 | [1] | ||
Depreciation, amortization and accretion | ' | ' | ' | ' | ' | ' | ' | ' | 2,280 | 2,118 | 1,583 | |||||
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 24,332 | 7,129 | 2,077 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 6,693 | [2] | 6,466 | [2] | 3,935 | [2] | ||
Assets | 76,214 | ' | ' | ' | 58,804 | ' | ' | ' | 76,214 | 58,804 | ' | |||||
Not Identified by Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Depreciation, amortization and accretion | ' | ' | ' | ' | ' | ' | ' | ' | 2,028 | [3] | 1,373 | [3] | 1,177 | [3] | ||
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -10,359 | [3] | -9,625 | [3] | -8,099 | [3] | ||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 105 | [2],[3] | 3,751 | [2],[3] | 2,671 | [2],[3] | ||
Assets | $238,604 | [3] | ' | ' | ' | $134,530 | [3] | ' | ' | ' | $238,604 | [3] | $134,530 | [3] | ' | |
[1] | Excludes depreciation, amortization, and accretion. | |||||||||||||||
[2] | Includes cash paid for capital expenditures and acquisitions and related earn-outs and vehicle capital lease additions. | |||||||||||||||
[3] | Assets not identified by segment consist primarily of general corporate assets. |
Quarterly_Financial_Data_Sched
Quarterly Financial Data (Schedule Of Quarterly Financial Information) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Data [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $335,396 | $332,094 | $324,305 | $313,071 | $293,841 | $238,606 | $229,147 | $192,490 | $1,304,866 | $954,084 | $698,170 |
Operating income (loss) | 59,445 | 63,902 | 49,534 | 56,764 | 31,048 | 41,071 | 34,738 | 40,289 | 229,645 | 147,146 | 110,659 |
Depreciation, accretion, and amortization | -133,328 | -133,281 | -141,089 | -125,636 | -131,357 | -101,012 | -93,998 | -82,100 | -533,334 | -408,467 | -309,146 |
Loss from extinguishment of debt, net | -336 | -3 | -5,618 | -142 | -2,007 | -22,643 | -27,149 | ' | -6,099 | -51,799 | -1,696 |
Income from discontinued operations, net of taxes | ' | ' | ' | ' | -53 | 969 | 1,380 | ' | ' | 2,296 | ' |
Net loss attributable to SBA Communications Corporation | ($19,164) | $21,531 | ($35,899) | ($22,377) | ($52,489) | ($52,445) | ($53,472) | ($22,631) | ($55,909) | ($181,037) | ($126,456) |
Net loss per share - basic and diluted | ' | ' | ' | ' | ($0.42) | ($0.43) | ($0.44) | ($0.20) | ($0.44) | ($1.51) | ($1.14) |
Net income (loss) per common share - basic | ($0.15) | $0.17 | ($0.28) | ($0.18) | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) per common share - diluted | ($0.15) | $0.16 | ($0.28) | ($0.18) | ' | ' | ' | ' | ' | ' | ' |