Switch (SWCH) 10-Q 9 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 04, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-38231
Entity Registrant Name	Switch, Inc.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	82-1883953
Entity Address, Address Line One	7135 S. Decatur Boulevard
Entity Address, City or Town	Las Vegas,
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89118
City Area Code	(702)
Local Phone Number	444-4111
Title of 12(b) Security	Class A common stock, par value $0.001
Trading Symbol	SWCH
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001710583
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		143,677,872
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		98,330,748
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 35,240,000	$ 90,719,000
Restricted cash	3,968,000	0
Accounts receivable, net of allowance for credit losses of $672 and $792, respectively	31,544,000	21,723,000
Prepaid expenses	8,809,000	8,171,000
Other current assets, net of allowance for credit losses of $3 and $0, respectively	2,831,000	2,235,000
Total current assets	82,392,000	122,848,000
Property and equipment, net	2,138,545,000	1,737,415,000
Long-term deposit	10,680,000	2,626,000
Deferred income taxes	263,933,000	203,201,000
Intangible assets, net	127,258,000	2,423,000
Goodwill	106,473,000	0
Other assets, net of allowance for credit losses of $92 and $87, respectively	58,609,000	45,943,000
TOTAL ASSETS	2,787,890,000	2,114,456,000
CURRENT LIABILITIES:
Accounts payable	42,236,000	14,588,000
Accrued salaries and benefits	14,226,000	4,884,000
Accrued interest	8,203,000	7,132,000
Accrued expenses and other	23,489,000	9,686,000
Accrued construction payables	25,360,000	27,162,000
Deferred revenue, current portion	16,377,000	14,870,000
Customer deposits	16,231,000	12,348,000
Swap liability, current portion	9,334,000	9,418,000
Operating lease liability, current portion	3,780,000	3,512,000
Total current liabilities	159,236,000	103,600,000
Long-term debt, net	1,526,492,000	991,213,000
Operating lease liability	32,631,000	25,536,000
Finance lease liability	57,414,000	57,516,000
Deferred revenue	26,347,000	23,862,000
Liabilities under tax receivable agreement	359,009,000	278,865,000
Other long-term liabilities	13,103,000	22,897,000
TOTAL LIABILITIES	2,174,232,000	1,503,489,000
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value per share, 10,000 shares authorized, none issued and outstanding	0	0
Additional paid in capital	313,982,000	266,129,000
(Accumulated deficit) retained earnings	(5,020,000)	9,000
Accumulated other comprehensive income	18,000	79,000
Total Switch, Inc. stockholders’ equity	309,222,000	266,458,000
Noncontrolling interest	304,436,000	344,509,000
TOTAL STOCKHOLDERS’ EQUITY	613,658,000	610,967,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	2,787,890,000	2,114,456,000
Class A Common Stock
STOCKHOLDERS’ EQUITY:
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 137,489 and 119,009 shares issued and outstanding, respectively	137,000	119,000
Class B Common Stock
STOCKHOLDERS’ EQUITY:
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 137,489 and 119,009 shares issued and outstanding, respectively	105,000	122,000
Class C Common Stock
STOCKHOLDERS’ EQUITY:
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 137,489 and 119,009 shares issued and outstanding, respectively	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accounts receivable, allowance for credit losses	$ 672	$ 792
Other current assets, allowance for credit losses	3	0
Other assets, allowance for credit losses	$ 92	$ 87
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	137,489,000	119,009,000
Common stock, shares outstanding (in shares)	137,489,000	119,009,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	104,515,000	121,640,000
Common stock, shares outstanding (in shares)	104,515,000	121,640,000
Class C Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	0	0
Common stock, shares outstanding (in shares)	0	0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Revenue	$ 158,104	$ 128,785	$ 430,660	$ 383,798
Cost of revenue	97,413	74,348	246,100	209,575
Gross profit	60,691	54,437	184,560	174,223
Selling, general and administrative expense	42,845	31,516	117,718	105,070
Income from operations	17,846	22,921	66,842	69,153
Other income (expense):
Interest expense, including $689, $439, $1,892, and $1,257, respectively, in amortization of debt issuance costs and original issue discounts	(15,166)	(6,554)	(34,121)	(20,682)
Loss on swaps	(3,853)	(1,559)	(3,618)	(23,257)
Gain (Loss) on Extinguishment of Debt	(146)	(245)	(146)	(245)
Equity in net losses of investments	(326)	0	(925)	0
Gain on sale of equity method investment	0	0	5,374	0
Other	500	185	4,092	733
Total other expense	(18,991)	(8,173)	(29,344)	(43,451)
(Loss) income before income taxes	(1,145)	14,748	37,498	25,702
Income tax benefit (expense)	278	(1,515)	(4,287)	(2,622)
Net (loss) income	(867)	13,233	33,211	23,080
Less: net (loss) income attributable to noncontrolling interest	(498)	8,027	17,578	13,993
Net (loss) income attributable to Switch, Inc.	$ (369)	$ 5,206	$ 15,633	$ 9,087
Net (loss) income per share (Note 11):
Basic (in dollars per share)	$ 0	$ 0.05	$ 0.12	$ 0.09
Diluted (in dollars per share)	$ 0	$ 0.05	$ 0.12	$ 0.08
Weighted average shares used in computing net (loss) income per share (Note 11):
Basic (in shares)	136,292	108,690	131,067	102,703
Diluted (in shares)	136,292	111,565	135,091	243,553
Other comprehensive (loss) income:
Foreign currency translation adjustment, net of reclassification adjustment and tax of $0	$ 0	$ 0	$ (474)	$ 0
Comprehensive (loss) income	(867)	13,233	32,737	23,080
Less: comprehensive (loss) income attributable to noncontrolling interest	(498)	8,027	17,165	13,993
Comprehensive (loss) income attributable to Switch, Inc.	$ (369)	$ 5,206	$ 15,572	$ 9,087

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Amortization of debt issuance costs	$ 689	$ 439	$ 1,892	$ 1,257
Foreign currency translation adjustment, tax			$ 0	$ 0	$ 0

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative adjustment due to adoption of new credit loss standard	Class A Common Stock	Common Stock	Common StockClass A Common Stock	Common StockClass B Common Stock	Additional Paid in Capital	Retained Earnings	Retained EarningsCumulative adjustment due to adoption of new credit loss standard	Accumulated Other Comprehensive Income	Noncontrolling Interest	Noncontrolling InterestCumulative adjustment due to adoption of new credit loss standard
Beginning balance (in shares) at Dec. 31, 2019					89,768	151,047
Beginning balance at Dec. 31, 2019	$ 627,645	$ (149)			$ 90	$ 151	$ 204,711	$ 2,420	$ (67)	$ 79	$ 420,194	$ (82)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(3,489)							(1,216)			(2,273)
Equity-based compensation expense	7,524						4,973				2,551
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (shares)					630
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax	(3,911)						(3,375)				(536)
Dividends declared	(2,891)							(2,891)
Distributions to noncontrolling interest	(4,304)										(4,304)
Exchanges of noncontrolling interest for Class A common stock (in shares)					4,637	(4,637)
Exchanges of noncontrolling interest for Class A common stock					$ 5	$ (5)	13,403				(13,403)
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interest for Class A common stock	(19,198)						(19,198)
Net deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd.	16,610						16,610
Ending balance (in shares) at Mar. 31, 2020					95,035	146,410
Ending balance at Mar. 31, 2020	$ 617,837				$ 95	$ 146	217,124	(1,754)		79	402,147
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Dividends declared (in dollars per share)	$ 0.0294
Beginning balance (in shares) at Dec. 31, 2019					89,768	151,047
Beginning balance at Dec. 31, 2019	$ 627,645	$ (149)			$ 90	$ 151	204,711	2,420	$ (67)	79	420,194	$ (82)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,080
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (shares)			18,300
Foreign currency translation adjustment	0
Ending balance (in shares) at Sep. 30, 2020					108,955	131,667
Ending balance at Sep. 30, 2020	609,083				$ 109	$ 132	242,955	(325)		79	366,133
Beginning balance (in shares) at Mar. 31, 2020					95,035	146,410
Beginning balance at Mar. 31, 2020	617,837				$ 95	$ 146	217,124	(1,754)		79	402,147
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,336							5,097			8,239
Equity-based compensation expense	7,510						5,416				2,094
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (shares)					16
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax	(121)						(330)				209
Issuance of Class A common stock upon exercise of stock options (in shares)					169
Issuance of Class A common stock upon exercise of stock options	2,876						596				2,280
Issuance of restricted stock awards (in shares)					59
Dividends declared	(3,245)							(3,245)
Distributions to noncontrolling interest	(3,934)										(3,934)
Exchanges of noncontrolling interest for Class A common stock (in shares)					11,488	(11,488)
Exchanges of noncontrolling interest for Class A common stock					$ 12	$ (12)	31,840				(31,840)
Repurchase of common units and cancellation of Class B common stock (in shares)						(1,126)
Repurchase of common units and cancellation of Class B common stock	(20,000)						(7,758)				(12,242)
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interest for Class A common stock	(52,811)						(52,811)
Net deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd.	44,394						44,394
Ending balance (in shares) at Jun. 30, 2020					106,767	133,796
Ending balance at Jun. 30, 2020	$ 605,842				$ 107	$ 134	238,471	98		79	366,953
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared (in dollars per share)	$ 0.0294
Net income	$ 13,233							5,206			8,027
Equity-based compensation expense	7,116						5,419				1,697
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (shares)					51
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax	(331)						(1,538)				1,207
Issuance of Class A common stock upon exercise of stock options (in shares)					7
Issuance of Class A common stock upon exercise of stock options	125						57				68
Dividends declared	(5,629)							(5,629)
Distributions to noncontrolling interest	(6,583)										(6,583)
Exchanges of noncontrolling interest for Class A common stock (in shares)					2,129	(2,129)
Exchanges of noncontrolling interest for Class A common stock					$ 2	$ (2)	5,236				(5,236)
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interest for Class A common stock	(9,605)						(9,605)
Net deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd.	4,915						4,915
Foreign currency translation adjustment	0
Ending balance (in shares) at Sep. 30, 2020					108,955	131,667
Ending balance at Sep. 30, 2020	609,083				$ 109	$ 132	242,955	(325)		79	366,133
Beginning balance (in shares) at Dec. 31, 2020					119,009	121,640
Beginning balance at Dec. 31, 2020	610,967				$ 119	$ 122	266,129	9		79	344,509
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24,394							11,641			12,753
Equity-based compensation expense	7,297						6,359				938
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (shares)					812
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax	(5,474)			$ 1			(5,622)				147
Dividends declared	(6,562)							(6,562)
Distributions to noncontrolling interest	(5,696)										(5,696)
Exchanges of noncontrolling interest for Class A common stock (in shares)					7,725	(7,725)
Exchanges of noncontrolling interest for Class A common stock					$ 8	$ (8)	22,364				(22,364)
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interest for Class A common stock	(32,477)						(32,477)
Net deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd.	26,752						26,752
Foreign currency translation adjustment	(474)									(61)	(413)
Ending balance (in shares) at Mar. 31, 2021					127,546	113,915
Ending balance at Mar. 31, 2021	$ 618,727				$ 128	$ 114	283,505	5,088		18	329,874
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared (in dollars per share)	$ 0.05
Beginning balance (in shares) at Dec. 31, 2020					119,009	121,640
Beginning balance at Dec. 31, 2020	$ 610,967				$ 119	$ 122	266,129	9		79	344,509
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	33,211
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (shares)			17,100
Foreign currency translation adjustment	(474)
Ending balance (in shares) at Sep. 30, 2021					137,489	104,515
Ending balance at Sep. 30, 2021	613,658				$ 137	$ 105	313,982	(5,020)		18	304,436
Beginning balance (in shares) at Mar. 31, 2021					127,546	113,915
Beginning balance at Mar. 31, 2021	618,727				$ 128	$ 114	283,505	5,088		18	329,874
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,684							4,361			5,323
Equity-based compensation expense	7,528						6,906				622
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (shares)					21
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax	(153)						(777)				624
Issuance of Class A common stock upon exercise of stock options (in shares)					181
Issuance of Class A common stock upon exercise of stock options	3,070						1,232				1,838
Issuance of restricted stock awards (in shares)					65
Dividends declared	(6,716)							(6,716)
Distributions to noncontrolling interest	(5,532)										(5,532)
Exchanges of noncontrolling interest for Class A common stock (in shares)					3,277	(3,277)
Exchanges of noncontrolling interest for Class A common stock					$ 3	$ (3)	9,201				(9,201)
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interest for Class A common stock	(14,973)						(14,973)
Net deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd.	10,691						10,691
Ending balance (in shares) at Jun. 30, 2021					131,090	110,638
Ending balance at Jun. 30, 2021	$ 622,326				$ 131	$ 111	295,785	2,733		18	323,548
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared (in dollars per share)	$ 0.05
Net income	$ (867)							(369)			(498)
Equity-based compensation expense	7,053						6,731				322
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (shares)					55
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax	(523)						(1,113)				590
Issuance of Class A common stock upon exercise of stock options (in shares)					215
Issuance of Class A common stock upon exercise of stock options	3,658						2,780				878
Issuance of restricted stock awards (in shares)					6
Dividends declared	(7,384)							(7,384)
Distributions to noncontrolling interest	(5,487)										(5,487)
Exchanges of noncontrolling interest for Class A common stock (in shares)					6,123	(6,123)
Exchanges of noncontrolling interest for Class A common stock					$ 6	$ (6)	14,917				(14,917)
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interest for Class A common stock	(32,694)						(32,694)
Net deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd.	27,576						27,576
Foreign currency translation adjustment	0
Ending balance (in shares) at Sep. 30, 2021					137,489	104,515
Ending balance at Sep. 30, 2021	$ 613,658				$ 137	$ 105	$ 313,982	$ (5,020)		$ 18	$ 304,436
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared (in dollars per share)	$ 0.0525

Consolidated Statement of Sto_2

Consolidated Statement of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.0525	$ 0.05	$ 0.05	$ 0.0294	$ 0.0294

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 33,211,000	$ 23,080,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	125,214,000	105,322,000
Amortization of customer relationships	1,979,000	0
Loss on disposal of property and equipment	211,000	283,000
Deferred income taxes	4,287,000	2,622,000
Amortization of debt issuance costs and original issue discount	1,892,000	1,257,000
Credit loss expense	52,000	308,000
Unrealized (gain) loss on swaps	(9,292,000)	18,085,000
Loss on extinguishment of debt	146,000	245,000
Equity in net losses on investments	925,000	0
Gain on sale of equity method investment	(5,374,000)	0
Equity-based compensation	21,878,000	22,150,000
Amortization of portfolio energy credits	315,000	1,381,000
Cost of revenue for sales-type leases	150,000	3,436,000
Changes in operating assets and liabilities:
Accounts receivable	(5,950,000)	4,250,000
Prepaid expenses	1,442,000	1,688,000
Other current assets	(599,000)	1,053,000
Other assets	(2,192,000)	846,000
Accounts payable	10,882,000	2,709,000
Accrued salaries and benefits	8,781,000	7,580,000
Accrued interest	1,071,000	879,000
Accrued expenses and other	5,762,000	169,000
Deferred revenue	3,992,000	(4,803,000)
Customer deposits	1,436,000	998,000
Operating lease liabilities	(3,565,000)	(3,883,000)
Other long-term liabilities	(387,000)	(320,000)
Net cash provided by operating activities	196,267,000	189,335,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of a business, net of cash acquired	(409,094,000)	0
Acquisition of property and equipment	(331,659,000)	(249,096,000)
Purchase of portfolio energy credits	(2,252,000)	(1,381,000)
Purchase of equity method investment	(2,200,000)	0
Proceeds from sale of equity method investment	4,900,000	0
Proceeds from sale of equity method investment	2,033,000	2,000
Net cash used in investing activities	(738,272,000)	(250,475,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings, net of original issue discount	556,250,000	705,500,000
Repayment of borrowings, including finance lease liabilities	(20,105,000)	(465,221,000)
Payment of debt issuance costs	(4,822,000)	(1,460,000)
Change in long-term deposit	(3,835,000)	1,491,000
Payment of tax withholdings upon settlement of restricted stock unit awards	(6,492,000)	(4,508,000)
Proceeds from exercise of stock options	6,728,000	3,001,000
Repurchase of common units	0	(20,000,000)
Dividends paid to Class A common stockholders	(20,137,000)	(11,377,000)
Distributions paid to noncontrolling interest	(17,093,000)	(14,926,000)
Net cash provided by financing activities	490,494,000	192,500,000
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(51,511,000)	131,360,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period	90,719,000	24,721,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period	39,208,000	156,081,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized	31,473,000	18,946,000
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:
Increase (decrease) in liabilities incurred to acquire property and equipment	10,526,000	(16,323,000)
Increase (decrease) in accrued construction payables incurred related to long-term deposit	3,138,000	(459,000)
Increase in liabilities incurred related to deferred debt issuance costs	0	1,087,000
Increase in liabilities related to remaining purchase price for the acquisition of a business	6,507,000	0
Increase in liabilities related to purchase of portfolio energy credits	175,000	0
Decrease in noncontrolling interest as a result of exchanges for Class A common stock	(46,482,000)	(50,479,000)
Recognition of liabilities under tax receivable agreement	80,144,000	81,614,000
Increase in deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd.	65,019,000	65,919,000
Right-of-use assets obtained in exchange for new operating lease liabilities	7,380,000	3,114,000
Right-of-use assets obtained in exchange for new finance lease liabilities	0	138,000
Decrease in distributions payable on unvested common units	(378,000)	(105,000)
Increase in dividends payable on unvested restricted stock units	525,000	388,000
Dividends payable settled with shares of Class A common stock	342,000	145,000
Increase in property and equipment related to transfer from long-term deposit	0	244,000
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Cash and cash equivalents	35,240,000	156,081,000
Restricted cash	3,968,000	0
Total cash, cash equivalents, and restricted cash	$ 39,208,000	$ 156,081,000

Organization

Organization	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Switch, Inc. was formed as a Nevada corporation in June 2017 for the purpose of completing an initial public offering (“IPO”) and related organizational transactions in order to carry on the business of Switch, Ltd. and its subsidiaries (collectively, “Switch,” and together with Switch, Inc., the “Company”). Switch is comprised of limited liability companies that provide colocation space and related services to global enterprises, financial companies, government agencies, and others that conduct critical business on the internet. Switch develops and operates data centers in Nevada, which are Tier IV Gold certified, Michigan, and Georgia, delivering redundant services with low latency and super capacity transport environments. I n June 2021, Switch, Ltd. acquired all of the equity interests of Data Foundry, LLC (“Data Foundry”) and certain real property interests used in connection with Data Foundry’s operations, including operating data centers in Texas. As the manager of Switch, Ltd., Switch, Inc. operates and controls all of the business and affairs of Switch.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for quarterly reports on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted. These consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. On June 7, 2021, Switch, Ltd. acquired all of the equity interests of Data Foundry and certain real property interests used in connection with Data Foundry’s operations. The Company has included the results of operations for Data Foundry in the consolidated financial statements from the date of acquisition. See Note 3 “Acquisition” for additional information. Management believes that the accompanying consolidated financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of these consolidated financial statements. The consolidated results of operations for the three and nine months ended September 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021, or for any other future annual or interim period. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and all significant intercompany transactions and balances have been eliminated. As the sole manager of Switch, Ltd., Switch, Inc. identified itself as the primary beneficiary of Switch and began consolidating Switch in its consolidated financial statements as of October 11, 2017, the closing date of the IPO, resulting in a noncontrolling interest related to the common units of Switch, Ltd. (“Common Units”) held by members other than Switch, Inc. on its consolidated financial statements. As of January 2021, Switch, Inc. owns a majority economic interest in Switch. The Company periodically evaluates entities for consolidation either through ownership of a majority voting interest, or through means other than voting interest, in accordance with the Variable Interest Entity (“VIE”) accounting model. A VIE is an entity in which either (i) the equity investors as a group, if any, lack the power through voting or similar rights to direct the activities of such entity that most significantly impact such entity’s economic performance or (ii) the equity investment at risk is insufficient to finance that entity’s activities without additional subordinated financial support. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to the allowance for credit losses, useful lives of property and equipment, deferred income taxes, liabilities under the tax receivable agreement, equity-based compensation, deferred revenue, incremental borrowing rate, fair value of performance obligations, fair value of assets acquired and liabilities assumed in business combinations, and probability assessments of exercising renewal options on leases. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable. Actual results could differ from these estimates. Significant Accounting Policies A description of the Company’s significant accounting policies is included in the audited financial statements within its Annual Report on Form 10-K for the year ended December 31, 2020. No other changes to significant accounting policies have occurred since December 31, 2020, with the exception of those detailed below. Restricted Cash Restricted cash as of September 30, 2021 was comprised of amounts in escrow related to the acquisition of Data Foundry totaling $4.0 million. There was no restricted cash as of December 31, 2020. Restricted cash is classified based on the expiry of the restrictions. Concentration of Credit and Other Risks Although the Company operates primarily in Nevada, realization of its receivables and its future operations and cash flows could be affected by adverse economic conditions, both regionally and elsewhere in the United States. During the three months ended September 30, 2021 and 2020, the Company’s largest customer and its affiliates comprised 13% and 14%, respectively, of the Company’s revenue. During the nine months ended September 30, 2021, the Company’s largest customer and its affiliates comprised 15% and 14%, respectively, of the Company’s revenue. Two customers, one of which was the Company’s largest customer and its affiliates, accounted for 10% or more of total receivables, including net investments in sales-type leases, as of September 30, 2021. The Company’s largest customer and its affiliates accounted for 10% or more of total receivables, including net investments in sales-type leases, as of December 31, 2020. Intangible Assets Intangible assets, net consist of acquired customer relationships, portfolio energy credits, and other. Acquired customer relationships are amortized to selling, general and administrative expense on the consolidated statement of comprehensive (loss) income over the anticipated life of the relationships on a straight-line basis. Estimated future amortization of acquired customer relationships as of September 30, 2021 is $1.6 million for the year ending December 31, 2021 and $6.3 million for each of the years ending December 31, 2022, 2023, 2024, and 2025. See Note 3 “Acquisition” for more information. Portfolio energy credits are recorded at their cost when purchased and are amortized to cost of revenue on the consolidated statements of comprehensive (loss) income when utilized in operations. Other intangible assets consist of indefinite-lived domain names and internet protocol addresses recorded at their cost when purchased. Accumulated amortization of intangible assets was $9.0 million and $6.7 million as of September 30, 2021 and December 31, 2020, respectively. Goodwill Goodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. Goodwill is reviewed at least annually for impairment. To evaluate goodwill impairment, the Company performs a qualitative assessment to determine if it is more likely than not that the fair value of its reporting unit is less than its carrying amount. If the qualitative assessment is not conclusive, the Company then proceeds to test goodwill for impairment, including comparing the fair value of its reporting unit to its carrying value, including attributable goodwill. Fair value for the reporting unit is determined using the cost approach, income approach, or market approach incorporating market participant considerations and assumptions on revenue growth rates, operating margins, discount rates and expected capital expenditures. Fair value determinations may include both internal and third-party valuations. Foreign Currency Translation During the nine months ended September 30, 2021, foreign currency translation gains of $0.1 million and $0.4 million related to the sale of the Company’s ownership interest in SUPERNAP International, S.A. (“SUPERNAP International”) were reclassified from accumulated other comprehensive income and noncontrolling interest, respectively, to net income. These amounts are included within gain on sale of equity method investment on the consolidated statement of comprehensive (loss) income. See Note 5 “Equity Method Investments” for more information. Revenue Recognition Contract Balances The opening and closing balances of the Company’s contract assets, net of allowance for credit losses, and deferred revenue are as follows: Contract Assets, Current Portion (1) Contract Assets (2) Deferred Revenue, Current Portion (3) Deferred Revenue (4) (in thousands) December 31, 2020 $ — $ 3,997 $ 14,870 $ 23,862 September 30, 2021 189 4,225 16,377 26,347 Change $ 189 $ 228 $ 1,507 $ 2,485 ________________________________________ (1) Amounts are included within other current assets on the Company’s consolidated balance sheets. (2) Amounts are included within other assets on the Company’s consolidated balance sheets. (3) Amounts include $1.4 million and $1.7 million of deferred revenue related to leases as of September 30, 2021 and December 31, 2020, respectively. (4) Amounts include $3.6 million and $2.7 million of deferred revenue related to leases as of September 30, 2021 and December 31, 2020, respectively. The differences between the opening and closing balances of the Company’s deferred revenue primarily result from timing differences between the Company’s satisfaction of performance obligations and the associated customer payments. Revenue recognized from the balance of deferred revenue as of December 31, 2020 was $1.8 million and $6.5 million during the three and nine months ended September 30, 2021, respectively. For the three and nine months ended September 30, 2021, no impairment losses related to contract assets were recognized on the consolidated statements of comprehensive (loss) income. Remaining Performance Obligations Remaining performance obligations represent contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized in future periods. These amounts totaled $814.7 million as of September 30, 2021, 43%, 48%, and 8% of which is expected to be recognized over the next year, one three Fair Value Measurements Information about the Company’s financial assets and liabilities measured at fair value on a recurring basis is presented below: September 30, 2021 Balance Sheet Classification Carrying Value Level 1 Level 2 Level 3 (in thousands) Assets: Cash equivalents Cash and cash equivalents $ 5,270 $ 5,270 $ — $ — Liabilities: Interest rate swaps Swap liability, current portion $ 9,334 $ — $ 9,334 $ — Interest rate swaps Other long-term liabilities $ 11,315 $ — $ 11,315 $ — December 31, 2020 Balance Sheet Classification Carrying Value Level 1 Level 2 Level 3 (in thousands) Assets: Cash equivalents Cash and cash equivalents $ 60,664 $ 60,664 $ — $ — Liabilities: Interest rate swaps Swap liability, current portion $ 9,418 $ — $ 9,418 $ — Interest rate swaps Other long-term liabilities $ 20,523 $ — $ 20,523 $ — There were no transfers between levels of fair value hierarchy during the periods presented. The fair value of interest rate swaps was measured using a present value of cash flow valuation technique based on forward yield curves for the same or similar financial instruments. Derivative Financial Instruments A derivative is a financial instrument whose value changes in response to an underlying variable, requires little or no initial net investment, and is settled at a future date. Derivatives are initially recognized on the consolidated balance sheets at fair value on the date on which the derivatives are entered into and subsequently re-measured at fair value. Derivatives are separated into their current and long-term components based on the timing of the estimated cash flows as of the end of each reporting period. Embedded derivatives included in hybrid instruments are treated and disclosed as separate derivatives when their economic characteristics and risks are not closely related to those of the host contract, the terms of the embedded derivative are the same as those of a stand-alone derivative, and the combined contract is not measured at fair value through earnings. The financial host contracts are accounted for and measured using the applicable GAAP of the relevant financial instrument category. The method of recognizing fair value gains and losses depends on whether the derivatives are designated as hedging instruments, and if so, the nature of the hedge relationship. All gains and losses from changes in the fair values of derivatives that do not qualify for hedge accounting are recognized immediately in earnings. Cash flows from derivatives not designated as hedging instruments are classified in accordance with the nature of the derivative instrument and how it is used in the context of the Company’s business. The Company enters into interest rate swap agreements to manage its interest rate risk associated with variable-rate borrowings. In January and February 2019, Switch, Ltd. entered into four interest rate swap agreements; whereby, Switch, Ltd. will pay a weighted average fixed interest rate (excluding the applicable interest margin) of 2.48% on notional amounts corresponding to borrowings of $400.0 million in exchange for receipts on the same notional amount at a variable interest rate based on the applicable LIBOR at the time of payment. The interest rate swap agreements mature in June 2024 and are not designated as hedging instruments. Resulting gains and losses from these derivatives, inclusive of periodic net settlement amounts, were recorded in loss on swaps on the consolidated statements of comprehensive (loss) income. The Company recorded losses on interest rate swaps of $1.1 million and $1.6 million for the three months ended September 30, 2021 and 2020, respectively. The Company recorded a gain on interest rate swaps of $1.3 million for the nine months ended September 30, 2021 and a loss on interest rate swaps of $23.3 million for the nine months ended September 30, 2020. The Company enters into power swap agreements to manage its exposure to adverse changes in the price of power. In June 2021, a wholly-owned subsidiary of Switch, Ltd. entered into four power swap agreements comprising of power paid at fixed prices in exchange for receipts on power sales based on the variable prices at the time of settlement. The power swap agreements matured in August 2021 and were not designated as hedging instruments. Resulting gains and losses from these derivatives, inclusive of periodic net settlement amounts, were recorded in loss on swaps on the consolidated statements of comprehensive (loss) income. The Company recorded a loss on power swaps of $2.8 million and $4.9 million for the three and nine months ended September 30, 2021, respectively. Recent Accounting Pronouncements ASU 2021-05–Leases In July 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-05, Leases (Topic 842)–Lessors–Certain Leases with Variable Payments (“ASU 2021-05”). The amendments in this update modify the lease classification requirements for lessors such that any variable lease payments that do not depend on a reference index or a rate would be included in the initial lease measurement if (i) the lease would be classified as a sales-type lease or a direct financing lease and (ii) the lessor would have otherwise recognized a day-one loss. The amendments are effective immediately for entities that have already adopted Topic 842. The Company elected to adopt this guidance prospectively as of June 30, 2021. The adoption of this guidance did not materially impact the Company’s consolidated financial statements. ASU 2021-08–Business Combinations In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805)–Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”). The amendments in this update require contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Topic 606, Revenue from Contracts with Customers, as if it had originated the contracts. Under the current business combinations guidance, such assets and liabilities are recognized by the acquirer at fair value on the acquisition date. The amendments in ASU 2021-08 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements. The Company has not decided if early adoption will be considered. Reclassifications Certain amounts in the accompanying consolidated balance sheet as of December 31, 2020 and the consolidated statement of cash flows for the nine months ended September 30, 2020 have been reclassified to be consistent with the current period presentation. These reclassifications were to (i) separately present intangible assets, net from other assets on the consolidated balance sheet, (ii) separately present the change in accrued interest from the change in accrued expenses and other on the consolidated statement of cash flows, and (iii) present certain debt discounts net of proceeds from borrowings on the consolidated statement of cash flows. The reclassifications had no impact on the Company’s financial condition, results of operations, or net cash flows.

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Acquisition	Acquisition On June 7, 2021, Switch, Ltd. acquired all of the equity interests of Data Foundry and certain real property interests used in connection with Data Foundry’s operations for an estimated total cash consideration of $415.6 million, which includes an estimated $6.5 million to be paid over the next 12 months following the acquisition date upon the finalization of certain closing conditions, and net of cash, cash equivalents, and restricted cash acquired of $4.6 million. Switch, Ltd. funded this acquisition by issuing $500.0 million aggregate principal amount of its 4.125% senior unsecured notes due 2029 (see Note 6 “Long-Term Debt” for additional information). Data Foundry is a carrier-neutral provider of colocation space and related services with data centers in Austin and Houston, Texas. The acquisition is expected to complement and diversify the Company’s existing geographic footprint and revenue exposure by providing future expansion opportunities in Texas. The Company accounted for this acquisition as a business combination. Acquisition-related costs of $0.1 million and $4.5 million were recorded within selling, general and administrative expense on the consolidated statements of comprehensive (loss) income for the three and nine months ended September 30, 2021, respectively. The preliminary allocation of the purchase price to the assets acquired and liabilities assumed based on preliminary estimates of fair value at the acquisition date is as follows (in thousands): Cash and cash equivalents $ 4,486 Restricted cash 78 Accounts receivable 1,461 Prepaid expenses 2,080 Property and equipment 188,111 Operating lease right-of-use assets (1) 3,946 Goodwill 106,473 Customer relationships (2) 125,000 Other assets 10 Total assets acquired $ 431,645 Accounts payable $ (1,437) Accrued salaries and benefits (561) Accrued expenses and other (1,532) Accrued construction payables (1,558) Customer deposits (2,447) Operating lease liability, current portion (461) Operating lease liability (3,486) Total liabilities assumed $ (11,482) Net assets acquired $ 420,163 ________________________________________ (1) Included within other assets on the consolidated balance sheet. (2) Included within intangible assets, net on the consolidated balance sheet with an amortization period of 20 years. Estimated fair value of property and equipment acquired consists of the following at the acquisition date (in thousands): Land and land improvements $ 23,516 Buildings, building improvements, and leasehold improvements 74,596 Data center equipment 82,320 Core network equipment 36 Computer equipment, furniture and fixtures 2,642 Finance lease right-of-use assets 3,000 Construction in progress 2,001 Total property and equipment $ 188,111 The preliminary fair value estimate of customer relationships was measured using Level 3 inputs under the multi-period excess earnings method as of the acquisition date. The following summarizes information for unobservable inputs categorized as Level 3: Long-term revenue growth rate 2.0 % Attrition rate 6.6 % Discount rate 10.0 % The preliminary fair value estimate of land was measured as of the acquisition date using Level 2 inputs comprised of prices in observed transactions involving comparable assets. The preliminary fair value estimates of all other property and equipment were measured as of the acquisition date using Level 2 inputs regarding replacement costs, normal useful lives, market depreciation, and salvage values, with the exception of construction in progress, which was measured at historical cost. Working capital accounts and other assets were measured at the existing carrying values. The allocation of the purchase price to assets and liabilities will be finalized when the Company completes its evaluation of certain balances, estimates, and assumptions during the measurement period (up to one year from the acquisition date). The most significant open items necessary to complete are related to working capital, property and equipment, intangible assets, and the related impact to goodwill. Goodwill arising from the acquisition is primarily attributable to the assembled workforce of Data Foundry and anticipated operational synergies. All goodwill recognized is expected to be deductible for income tax purposes. Data Foundry contributed $12.0 million to revenue and $0.1 million to net income attributable to Switch, Inc. for the three months ended September 30, 2021, and $15.3 million to revenue and $0.3 million to net income attributable to Switch, Inc. for the nine months ended September 30, 2021. Supplemental pro forma results of operations for the Company, assuming the acquisition had occurred on January 1, 2020, are as follows: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Revenue $ 158,104 $ 141,143 $ 451,117 $ 421,714 Net (loss) income attributable to Switch, Inc. $ (342) $ 3,397 $ 13,376 $ 1,872 The above supplemental pro forma results of operations include the following adjustments and related income tax and noncontrolling interest impacts after applying the Company’s accounting policies: • additional depreciation and amortization expense reflecting the fair value adjustments to property and equipment and intangible assets; • adjustment to interest expense to reflect the removal of Data Foundry’s debt and the issuance of Switch, Ltd.’s $500.0 million aggregate principal amount of its 4.125% senior unsecured notes due 2029 in conjunction with the acquisition; and • adjustment to reflect acquisition-related costs incurred during the three and nine months ended September 30, 2021 as incurred during the nine months ended September 30, 2020.

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consists of the following: September 30, December 31, 2021 2020 (in thousands) Land and land improvements $ 312,343 $ 286,706 Buildings, building improvements, and leasehold improvements 687,321 532,938 Substation equipment 19,780 19,780 Data center equipment 1,511,350 1,230,623 Vehicles 2,052 1,974 Core network equipment 40,990 37,327 Fiber facilities 14,643 14,441 Computer equipment, furniture and fixtures 52,070 42,243 Finance lease right-of-use assets 75,933 72,951 Construction in progress 245,340 198,355 Property and equipment, gross 2,961,822 2,437,338 Less: accumulated depreciation and amortization (823,277) (699,923) Property and equipment, net $ 2,138,545 $ 1,737,415 Accumulated amortization for finance lease right-of-use assets totaled $16.0 million and $14.3 million as of September 30, 2021 and December 31, 2020, respectively. During the nine months ended September 30, 2021 and 2020, capitalized interest was $4.7 million and $3.0 million, respectively. Total depreciation and amortization of property and equipment recognized on the consolidated statements of comprehensive (loss) income was as follows: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Cost of revenue $ 44,045 $ 35,614 $ 122,000 $ 101,725 Selling, general and administrative expense 1,093 1,177 3,214 3,597 Total depreciation and amortization of property and equipment $ 45,138 $ 36,791 $ 125,214 $ 105,322

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments In February 2021, the Company acquired SUPERNAP International’s 30% ownership interest in SUPERNAP (Thailand) Company Limited (“SUPERNAP Thailand”), the entity which has deployed a data center facility in Thailand, for $2.2 million and sold its 50% ownership interest in SUPERNAP International for $4.9 million, thus disposing of its interest in the data center facility deployed in Italy. As a result of this transaction, the Company recorded a gain on sale of equity method investment of $5.4 million, which includes $0.5 million in foreign currency translation gains realized, for the nine months ended September 30, 2021 on the consolidated statement of comprehensive (loss) income. As of September 30, 2021, the Company held a 30% ownership interest in SUPERNAP Thailand, the investment of which was accounted for under the equity method of accounting. The Company’s share of net loss recorded for the three and nine months ended September 30, 2021 was $0.3 million and $0.9 million, respectively. As of September 30, 2021, the Company’s net investment of $1.3 million was recorded within other assets on the consolidated balance sheet.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following: September 30, December 31, 2021 2020 (in thousands) 3.75% senior unsecured notes, due September 2028 $ 600,000 $ 600,000 4.125% senior unsecured notes, due June 2029 500,000 — Term loan facility, interest paid at the defined LIBOR rate plus applicable interest margin (2.09% and 2.40% at September 30, 2021 and December 31, 2020, respectively), due July 2028 400,000 400,000 Revolving credit facility, interest paid at the defined LIBOR rate plus applicable interest margin (1.58% at September 30, 2021), due July 2026 40,000 — Long-term debt, gross 1,540,000 1,000,000 Less: unamortized debt issuance costs and original issue discount (13,508) (8,787) Long-term debt, net $ 1,526,492 $ 991,213 Credit Agreement In June 2017, Switch, Ltd. entered into an amended and restated credit agreement (“Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, and certain other lenders, consisting of a term loan facility (the “Term Loan Facility”), maturing on June 27, 2024, and a $500.0 million revolving credit facility (the “Revolving Credit Facility,” and, together with the Term Loan Facility, the “Credit Facilities”), maturing on June 27, 2022. In September 2020, Switch, Ltd. entered into a second amendment to the Credit Agreement (“Second Amendment”) to, among other things, extend the maturity of its Revolving Credit Facility to June 27, 2023, modify the ratio used for the financial covenant and certain basket availability tests, and refresh or increase certain baskets for restricted payments, investments, and junior debt payments. In connection with this amendment, a partial repayment was applied to the Term Loan Facility to reduce its principal amount to $400.0 million, which is due upon maturity. Additionally, certain lenders exited the Revolving Credit Facility, which resulted in a $0.2 million loss on extinguishment of debt during the three and nine months ended September 30, 2020. In July 2021, Switch, Ltd. entered into a third amendment to the Credit Agreement (together with the Second Amendment, the “Amended Credit Agreement”) to, among other things, extend the maturity of the Revolving Credit Facility to July 29, 2026, extend the maturity of its Term Loan Facility to July 29, 2028, and reduce the applicable margin on the Credit Facilities. In connection with this amendment, the Company recorded $1.8 million in third-party costs during the three and nine months ended September 30, 2021 within interest expense on its consolidated statements of comprehensive (loss) income as a result of modification accounting. Additionally, certain lenders exited the Credit Facilities, which resulted in a $0.1 million loss on extinguishment of debt during the three and nine months ended September 30, 2021. The Amended Credit Agreement contains affirmative and negative covenants customary for such financings, including, but not limited to, limitations on incurring additional debt, incurring additional liens, encumbrances or contingent liabilities, and paying distributions or making certain other restricted payments (with certain exceptions and baskets, including a restricted payment basket of $50.0 million per fiscal year). The Amended Credit Agreement also requires Switch, Ltd. to maintain compliance with a consolidated secured leverage ratio (as defined in the Amended Credit Agreement) of 4.00 to 1.00 for each fiscal quarter. As of September 30, 2021, the Company had $453.1 million of available borrowing capacity under the Revolving Credit Facility, net of outstanding letters of credit. 2029 Senior Unsecured Notes In June 2021, Switch, Ltd. (the “Issuer”) issued $500.0 million aggregate principal amount of its 4.125% senior unsecured notes due 2029 (the “Notes”), pursuant to an indenture (the “Indenture”) by and among the Issuer, the guarantors named therein and U.S. Bank National Association, as trustee. The net proceeds were primarily used to fund the acquisition of Data Foundry. The Notes bear interest at the rate of 4.125% per annum, payable in cash semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2021. The Notes mature on June 15, 2029 and are fully and unconditionally guaranteed on a senior unsecured basis by each of the Issuer’s current and future domestic restricted subsidiaries that guarantee its obligations under its senior unsecured credit facilities. Prior to June 15, 2024, the Issuer may redeem the Notes, in whole or in part, at a redemption price of 100% of the principal amount thereof, plus a “make-whole” premium set forth in the Indenture, plus accrued and unpaid interest. In addition, prior to June 15, 2024, the Issuer may redeem up to 40% of the aggregate principal amount of the Notes at a redemption price equal to 104.125% of the principal amount thereof, plus accrued and unpaid interest, with the net cash proceeds from one or more equity offerings. On or after June 15, 2024, the Issuer may redeem some or all of the Notes at a redemption price decreasing annually from 102.063% of the principal amount to 100% of the principal amount, plus accrued and unpaid interest. In the event of a change of control triggering event (as defined in the Indenture), the Issuer will be required to offer to repurchase the Notes at a price equal to 101% of the principal amount thereof, plus any accrued and unpaid interest. If holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender in connection with any tender offer or other offer to purchase the Notes (including pursuant to a change of control offer, an alternate offer, or an offer to purchase with the proceeds from any asset disposition, all as described in the indenture), the Issuer will have the right to redeem the remaining Notes outstanding following such purchase at a cash redemption price equal to the applicable price paid to holders in such purchase, plus accrued and unpaid interest. The Notes are general unsecured obligations of the Issuer and the guarantors. Under the terms of the Indenture, the Notes rank equally in right of payment with all of the Issuer’s and the guarantors’ existing and future senior indebtedness, and rank contractually senior in right of payment to the Issuer’s and the guarantors’ future indebtedness and other obligations that are expressly subordinated in right of payment to the Notes. The Notes are effectively subordinated to the Issuer’s and the guarantors’ existing and future secured indebtedness, including secured indebtedness under the senior unsecured credit facilities, to the extent of the value of the assets securing such indebtedness. The Notes and guarantees are structurally subordinated to all existing and future indebtedness and liabilities of the Issuer’s subsidiaries that do not guarantee the Notes. The Indenture contains covenants that, subject to exceptions and qualifications, among other things, limit the Issuer’s ability and the ability of its Restricted Subsidiaries (as defined in the Indenture) to incur additional indebtedness and guarantee indebtedness, pay dividends or make other distributions or repurchase or redeem Switch, Inc.’s capital stock, prepay, redeem or repurchase certain indebtedness, issue certain preferred stock or similar equity securities, make loans and investments, dispose of assets, incur liens, enter into transactions with affiliates, enter into agreements restricting the ability to pay dividends, and consolidate, merge or sell all or substantially all assets. The Indenture contains customary events of default including, without limitation, failure to make required payments, failure to comply with certain agreements or covenants, cross-acceleration to certain other indebtedness in excess of specified amounts, certain events of bankruptcy and insolvency, and failure to pay certain judgments. An event of default under the notes will allow either the trustee or the holders of at least 25% in aggregate principal amount of the then outstanding Notes to accelerate, or in certain cases, will automatically cause the acceleration of the maturity of all outstanding Notes. Fair Value The estimated fair value of the Company’s long-term debt as of September 30, 2021 and December 31, 2020 was approximately $1.57 billion and $1.01 billion, respectively, compared to its carrying value, excluding debt issuance costs and original issue discount, of $1.54 billion and $1.00 billion, respectively. The estimated fair value of the Company’s long-term debt was based on Level 2 inputs using quoted market prices on or about September 30, 2021 and December 31, 2020, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Leases During the three months ended September 30, 2021 and 2020, lease costs related to operating leases were $2.0 million and $1.8 million, respectively. During the nine months ended September 30, 2021 and 2020, lease costs related to operating leases were $5.4 million and $5.7 million, respectively. Related party lease costs included in these amounts were $1.2 million and $1.1 million for the three months ended September 30, 2021 and 2020, respectively, and $3.6 million and $3.5 million for the nine months ended September 30, 2021 and 2020, respectively. Legal Proceedings On September 7, 2017, Switch, Ltd. and Switch, Inc. were named in a lawsuit filed in the U.S. District Court for the District of Nevada by V5 Technologies formerly d/b/a Cobalt Data Centers. Switch, Inc. has been dismissed from the case. The lawsuit alleges, among other things, that Switch, Ltd. monopolized the Las Vegas Metropolitan area of Southern Nevada’s data center colocation market and engaged in unfair business practices leading to the failure of Cobalt Data Centers in 2015 and seeks monetary damages in an amount yet to be disclosed. Discovery closed in February 2020. In January 2021, summary judgment was granted in Switch, Ltd.’s favor dismissing all but four of the claims and a partial motion for summary judgment by Cobalt Data Centers was fully denied. The scope of the alleged damages against Switch, Ltd. was also narrowed. Trial is currently scheduled to begin in mid-November 2021, and Switch, Ltd. is vigorously defending the remaining claims in the case. On September 12, 2017, Switch, Ltd. filed a complaint in the Eighth Judicial District of Nevada against the consultant, Stephen Fairfax, and his business, MTechnology Inc. Among other claims, Switch raised allegations of breach of contract and misappropriation of trade secrets. The complaint also alleged that Aligned Data Centers LLC (“Aligned”) hired Mr. Fairfax and MTechnology Inc. to design their data centers; that this consultant had toured Switch under a non-disclosure agreement; and that this consultant breached his confidentiality agreements with Switch by using Switch’s designs to design the Aligned data centers. Discovery has concluded and the parties are undertaking settlement negotiations. Four substantially similar putative class action complaints, captioned Martz v. Switch, Inc. et al. (filed April 20, 2018); Palkon v. Switch, Inc. et al. (filed April 30, 2018); Chun v. Switch, Inc. et al. (filed May 11, 2018); and Silverberg v. Switch, Inc. et al. (filed June 6, 2018), were filed in the Eighth Judicial District of Nevada, and subsequently consolidated into a single case (the “State Court Securities Action”). Additionally, on June 11, 2018, one putative class action complaint captioned Cai v. Switch, Inc. et al. was filed in the United States District Court for the District of New Jersey (the “Federal Court Securities Action,” and collectively with the State Court Securities Action, the “Securities Actions”) and subsequently transferred to the Eighth Judicial District of Nevada in August 2018 and the federal court appointed Oscar Farach lead plaintiff. These lawsuits were filed against Switch, Inc., certain current and former officers and directors and certain underwriters of Switch, Inc.’s IPO alleging federal securities law violations in connection with the IPO. These lawsuits were brought by purported stockholders of Switch, Inc. seeking to represent a class of stockholders who purchased Class A common stock in or traceable to the IPO, and seek unspecified damages and other relief. With respect to the Federal Court Securities Action, in July 2020, the federal court entered a judgment in favor of Switch, Inc. and all of the other defendants. With respect to the State Court Securities Action, in February 2021, the court granted Switch, Inc.’s motion to dismiss. The deadlines for plaintiffs to appeal both judgments have passed, so the Securities Actions have been resolved in favor of Switch, Inc. and all of the other defendants. On September 10, 2018, two purported stockholders of Switch, Inc. filed substantially similar shareholder derivative complaints, respectively captioned Liu v. Roy et al., and Zhao v. Roy et al., in the Eighth Judicial District of Nevada, which were subsequently consolidated into a single case (Case No.: A-18-780831-B) (the “Derivative Shareholder Action”). These lawsuits allege breaches of fiduciary duty, unjust enrichment, waste of corporate assets, abuse of control, and gross mismanagement against certain current and former officers and directors of Switch, Inc. The plaintiffs also named Switch, Inc. as a nominal defendant. The complaints arise generally from the same allegations described in the State Court Securities Action and Federal Court Securities Action, both of which have been resolved in Switch, Inc.’s favor. Following the dismissal with prejudice of the Securities Actions, in August 2021, the court granted the parties’ stipulation to dismiss the Derivative Shareholder Action without prejudice. The outcomes of the legal proceedings are inherently unpredictable, subject to significant uncertainties, and could be material to the Company’s financial condition, results of operations, and cash flows for a particular period. Where the Company is a defendant, it will vigorously defend against the claims pleaded against it. Management has determined that based on proceedings to date, it is currently unable to determine the probability of the outcome of these actions or the range of reasonably possible loss, if any.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded net increases in deferred tax assets of $27.6 million and $65.0 million during the three and nine months ended September 30, 2021, respectively, and $4.9 million and $65.9 million during the three and nine months ended September 30, 2020, respectively, with a corresponding increase to additional paid in capital, resulting from changes in the outside basis difference on Switch, Inc.’s investment in Switch, Ltd. The Company has determined it is more-likely-than-not that it will be able to realize this deferred tax asset in the future. Tax Receivable Agreement The Company has recorded a liability under the tax receivable agreement of $359.0 million and $278.9 million as of September 30, 2021 and December 31, 2020, respectively, of which $68.5 million and $56.8 million is owed to certain named executive officers of the Company and members of its Board of Directors as of September 30, 2021 and December 31, 2020, respectively. The tax receivable agreement provides for the payment of 85% of the amount of the tax benefits, if any, that Switch, Inc. is deemed to realize as a result of increases in the tax basis of its ownership in Switch, Ltd. related to exchanges of noncontrolling interest for Class A common stock. No amounts are expected to be paid within the next 12 months.

Compensation Related Costs, Sha

Compensation Related Costs, Share Based Payments	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Total equity-based compensation recognized on the consolidated statements of comprehensive (loss) income was as follows: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Cost of revenue $ 560 $ 475 $ 1,747 $ 1,415 Selling, general and administrative expense 6,493 6,641 20,131 20,735 Total equity-based compensation $ 7,053 $ 7,116 $ 21,878 $ 22,150

Non-controlling Interest

Non-controlling Interest	9 Months Ended
	Sep. 30, 2021
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interest Ownership Switch, Inc. owns an economic interest in Switch, Ltd., where “economic interest” means the right to receive any distributions, whether cash, property, or securities of Switch, Ltd., in connection with Common Units. Switch, Inc. presents interest held by noncontrolling interest holders within noncontrolling interest in the consolidated financial statements. During the nine months ended September 30, 2021 and 2020, Switch, Inc. issued an aggregate of 17.1 million shares and 18.3 million shares, respectively, of Class A common stock to members in connection with such members’ redemptions of an equivalent number of Common Units and corresponding cancellation and retirement of an equivalent number of Switch, Inc.’s Class B common stock. Such retired shares of Class B common stock may not be reissued. The redemptions occurred pursuant to the terms of the Switch operating agreement entered into in connection with the Company’s IPO. The ownership of the Common Units is summarized as follows: September 30, 2021 December 31, 2020 Units (in thousands) Ownership % Units (in thousands) Ownership % Switch, Inc.’s ownership of Common Units (1) 137,418 56.9 % 118,934 49.8 % Noncontrolling interest holders’ ownership of Common Units (2) 104,117 43.1 % 120,045 50.2 % Total Common Units 241,535 100.0 % 238,979 100.0 % ________________________________________ (1) Common Units held by Switch, Inc. exclude 71,000 and 75,000 Common Units underlying unvested restricted stock awards as of September 30, 2021 and December 31, 2020, respectively. (2) Common Units held by noncontrolling interest holders exclude 0.4 million and 1.6 million unvested Common Unit awards as of September 30, 2021 and December 31, 2020, respectively. The Company uses the weighted average ownership percentages during the period to calculate the income or loss before income taxes attributable to Switch, Inc. and the noncontrolling interest holders of Switch, Ltd.

Net Income Per Share

Net Income Per Share	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net (Loss) Income Per Share The following table sets forth the calculation of basic and diluted net (loss) income per share: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands, except per share data) Net (loss) income per share: Numerator—basic: Net (loss) income attributable to Switch, Inc.—basic $ (369) $ 5,206 $ 15,633 $ 9,087 Numerator—diluted: Net (loss) income attributable to Switch, Inc.—basic $ (369) $ 5,206 $ 15,633 $ 9,087 Effect of dilutive securities: Shares of Class B and Class C common stock — — — 10,806 Net (loss) income attributable to Switch, Inc.—diluted $ (369) $ 5,206 $ 15,633 $ 19,893 Denominator—basic: Weighted average shares outstanding—basic 136,292 108,690 131,067 102,703 Net (loss) income per share—basic $ (0.00) $ 0.05 $ 0.12 $ 0.09 Denominator—diluted: Weighted average shares outstanding—basic 136,292 108,690 131,067 102,703 Weighted average effect of dilutive securities: Stock options — 1,462 2,510 1,415 Restricted stock units — 1,358 1,431 1,139 Dividend equivalent units — 45 44 35 Restricted stock awards — 10 39 42 Shares of Class B and Class C common stock — — — 138,219 Weighted average shares outstanding—diluted 136,292 111,565 135,091 243,553 Net (loss) income per share—diluted $ (0.00) $ 0.05 $ 0.12 $ 0.08 Shares of Class B and Class C common stock do not share in the earnings or losses of Switch, Inc. and are therefore not participating securities. As such, separate calculations of basic and diluted net (loss) income per share for each of Class B and Class C common stock under the two-class method have not been presented. The following table presents potentially dilutive securities excluded from the computation of diluted net (loss) income per share for the periods presented because their effect would have been anti-dilutive. Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Stock options (1) 8,641 1,117 — 1,117 Restricted stock units (1) 3,484 28 200 28 Dividend equivalent units (1) 41 — — — Restricted stock awards (1) 71 — 6 — Performance-vesting restricted stock units (1) 277 — 277 — Shares of Class B and Class C common stock (2) 104,515 131,667 104,515 — ________________________________________ (1) Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net (loss) income per share. (2) Shares of Class B and Class C common stock at the end of the period are considered potentially dilutive shares of Class A common stock under application of the if-converted method.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company’s chief operating decision maker is its Chief Executive Officer. The Company manages its operations as a single operating segment for the purposes of assessing performance and making operating decisions. All of the Company’s assets are maintained in the United States, although the Company holds an equity method investment in an entity with foreign operations. The Company derives almost all of its revenue from sales to customers in the United States, based upon the billing address of the customer. Revenue derived from customers outside the United States, based upon the billing address of the customer, was less than 2% of revenue for each of the three and nine months ended September 30, 2021 and 2020. The Company’s revenue is comprised of the following: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Colocation $ 125,945 $ 105,112 $ 347,544 $ 308,947 Connectivity 29,305 22,450 76,101 70,394 Other 2,854 1,223 7,015 4,457 Total revenue $ 158,104 $ 128,785 $ 430,660 $ 383,798

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In October 2021, the Company borrowed $40.0 million under its Revolving Credit Facility. In October and November 2021, Switch, Inc. issued an aggregate of 3.6 million and 2.6 million shares, respectively, of Class A common stock to members in connection with such members’ redemptions of an equivalent number of Common Units and corresponding cancellation and retirement of an equivalent number of shares of Class B common stock. Such retired shares of Class B common stock may not be reissued. The redemptions occurred pursuant to the terms of the Switch operating agreement entered into in connection with the Company’s IPO. In November 2021, Switch, Inc.’s Board of Directors declared a dividend of $0.0525 per share of Class A common stock, for a total estimated to be $7.5 million, to be paid on December 1, 2021 to holders of record as of November 19, 2021. Prior to the payment of this dividend, Switch, Ltd. will make a cash distribution to all holders of record of Common Units, including Switch, Inc., of $0.0525 per Common Unit, for a total estimated to be $12.7 million.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for quarterly reports on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted. These consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. On June 7, 2021, Switch, Ltd. acquired all of the equity interests of Data Foundry and certain real property interests used in connection with Data Foundry’s operations. The Company has included the results of operations for Data Foundry in the consolidated financial statements from the date of acquisition. See Note 3 “Acquisition” for additional information. Management believes that the accompanying consolidated financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of these consolidated financial statements. The consolidated results of operations for the three and nine months ended September 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021, or for any other future annual or interim period.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and all significant intercompany transactions and balances have been eliminated. As the sole manager of Switch, Ltd., Switch, Inc. identified itself as the primary beneficiary of Switch and began consolidating Switch in its consolidated financial statements as of October 11, 2017, the closing date of the IPO, resulting in a noncontrolling interest related to the common units of Switch, Ltd. (“Common Units”) held by members other than Switch, Inc. on its consolidated financial statements. As of January 2021, Switch, Inc. owns a majority economic interest in Switch. The Company periodically evaluates entities for consolidation either through ownership of a majority voting interest, or through means other than voting interest, in accordance with the Variable Interest Entity (“VIE”) accounting model. A VIE is an entity in which either (i) the equity investors as a group, if any, lack the power through voting or similar rights to direct the activities of such entity that most significantly impact such entity’s economic performance or (ii) the equity investment at risk is insufficient to finance that entity’s activities without additional subordinated financial support.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to the allowance for credit losses, useful lives of property and equipment, deferred income taxes, liabilities under the tax receivable agreement, equity-based compensation, deferred revenue, incremental borrowing rate, fair value of performance obligations, fair value of assets acquired and liabilities assumed in business combinations, and probability assessments of exercising renewal options on leases. The Company bases
Concentration of Credit and Other Risks	Concentration of Credit and Other Risks Although the Company operates primarily in Nevada, realization of its receivables and its future operations and cash flows could be affected by adverse economic conditions, both regionally and elsewhere in the United States. During the three months ended September 30, 2021 and 2020, the Company’s largest customer and its affiliates comprised 13% and 14%, respectively, of the Company’s revenue. During the nine months ended September 30, 2021, the Company’s largest customer and its affiliates comprised 15% and 14%, respectively, of the Company’s revenue. Two customers, one of which was the Company’s largest customer and its affiliates, accounted for 10% or more of total receivables, including net investments in sales-type leases, as of September 30, 2021. The Company’s largest customer and its affiliates accounted for 10% or more of total receivables, including net investments in sales-type leases, as of December 31, 2020.
Foreign Currency Translation	Foreign Currency Translation During the nine months ended September 30, 2021, foreign currency translation gains of $0.1 million and $0.4 million related to the sale of the Company’s ownership interest in SUPERNAP International, S.A. (“SUPERNAP International”) were reclassified from accumulated other comprehensive income and noncontrolling interest, respectively, to net income. These amounts are included within gain on sale of equity method investment on the consolidated statement of comprehensive (loss) income. See Note 5
Revenue Recognition	Revenue Recognition Contract Balances The differences between the opening and closing balances of the Company’s deferred revenue primarily result from timing differences between the Company’s satisfaction of performance obligations and the associated customer payments. Revenue recognized from the balance of deferred revenue as of December 31, 2020 was $1.8 million and $6.5 million during the three and nine months ended September 30, 2021, respectively. For the three and nine months ended September 30, 2021, no impairment losses related to contract assets were recognized on the consolidated statements of comprehensive (loss) income. Remaining Performance Obligations Remaining performance obligations represent contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized in future periods. These amounts totaled $814.7 million as of September 30, 2021, 43%, 48%, and 8% of which is expected to be recognized over the next year, one three
Fair Value Transfer	There were no transfers between levels of fair value hierarchy during the periods presented.
Fair Value Measurements	The fair value of interest rate swaps was measured using a present value of cash flow valuation technique based on forward yield curves for the same or similar financial instruments.
Derivative Financial Instruments	Derivative Financial Instruments A derivative is a financial instrument whose value changes in response to an underlying variable, requires little or no initial net investment, and is settled at a future date. Derivatives are initially recognized on the consolidated balance sheets at fair value on the date on which the derivatives are entered into and subsequently re-measured at fair value. Derivatives are separated into their current and long-term components based on the timing of the estimated cash flows as of the end of each reporting period. Embedded derivatives included in hybrid instruments are treated and disclosed as separate derivatives when their economic characteristics and risks are not closely related to those of the host contract, the terms of the embedded derivative are the same as those of a stand-alone derivative, and the combined contract is not measured at fair value through earnings. The financial host contracts are accounted for and measured using the applicable GAAP of the relevant financial instrument category. The method of recognizing fair value gains and losses depends on whether the derivatives are designated as hedging instruments, and if so, the nature of the hedge relationship. All gains and losses from changes in the fair values of derivatives that do not qualify for hedge accounting are recognized immediately in earnings. Cash flows from derivatives not designated as hedging instruments are classified in accordance with the nature of the derivative instrument and how it is used in the context of the Company’s business. The Company enters into interest rate swap agreements to manage its interest rate risk associated with variable-rate borrowings. In January and February 2019, Switch, Ltd. entered into four interest rate swap agreements; whereby, Switch, Ltd. will pay a weighted average fixed interest rate (excluding the applicable interest margin) of 2.48% on notional amounts corresponding to borrowings of $400.0 million in exchange for receipts on the same notional amount at a variable interest rate based on the applicable LIBOR at the time of payment. The interest rate swap agreements mature in June 2024 and are not designated as hedging instruments. Resulting gains and losses from these derivatives, inclusive of periodic net settlement amounts, were recorded in loss on swaps on the consolidated statements of comprehensive (loss) income. The Company recorded losses on interest rate swaps of $1.1 million and $1.6 million for the three months ended September 30, 2021 and 2020, respectively. The Company recorded a gain on interest rate swaps of $1.3 million for the nine months ended September 30, 2021 and a loss on interest rate swaps of $23.3 million for the nine months ended September 30, 2020. The Company enters into power swap agreements to manage its exposure to adverse changes in the price of power. In June 2021, a wholly-owned subsidiary of Switch, Ltd. entered into four power swap agreements comprising of power paid at fixed prices in exchange for receipts on power sales based on the variable prices at the time of settlement. The power swap agreements matured in August 2021 and were not designated as hedging instruments. Resulting gains and losses from these derivatives, inclusive of periodic net settlement amounts, were recorded in loss on swaps on the consolidated statements of comprehensive (loss) income. The Company recorded a loss on power swaps of $2.8 million and $4.9 million for the three and nine months ended September 30, 2021, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2021-05–Leases In July 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-05, Leases (Topic 842)–Lessors–Certain Leases with Variable Payments (“ASU 2021-05”). The amendments in this update modify the lease classification requirements for lessors such that any variable lease payments that do not depend on a reference index or a rate would be included in the initial lease measurement if (i) the lease would be classified as a sales-type lease or a direct financing lease and (ii) the lessor would have otherwise recognized a day-one loss. The amendments are effective immediately for entities that have already adopted Topic 842. The Company elected to adopt this guidance prospectively as of June 30, 2021. The adoption of this guidance did not materially impact the Company’s consolidated financial statements. ASU 2021-08–Business Combinations In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805)–Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”). The amendments in this update require contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Topic 606, Revenue from Contracts with Customers, as if it had originated the contracts. Under the current business combinations guidance, such assets and liabilities are recognized by the acquirer at fair value on the acquisition date. The amendments in ASU 2021-08 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements. The Company has not decided if early adoption will be considered.
Reclassification	Reclassifications Certain amounts in the accompanying consolidated balance sheet as of December 31, 2020 and the consolidated statement of cash flows for the nine months ended September 30, 2020 have been reclassified to be consistent with the current period presentation. These reclassifications were to (i) separately present intangible assets, net from other assets on the consolidated balance sheet, (ii) separately present the change in accrued interest from the change in accrued expenses and other on the consolidated statement of cash flows, and (iii) present certain debt discounts net of proceeds from borrowings on the consolidated statement of cash flows. The reclassifications had no impact on the Company’s financial condition, results of operations, or net cash flows.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy	Restricted Cash Restricted cash as of September 30, 2021 was comprised of amounts in escrow related to the acquisition of Data Foundry totaling $4.0 million. There was no restricted cash as of December 31, 2020. Restricted cash is classified based on the expiry of the restrictions.
Goodwill and Intangible Assets, Intangible Assets, Policy	Intangible Assets Intangible assets, net consist of acquired customer relationships, portfolio energy credits, and other. Acquired customer relationships are amortized to selling, general and administrative expense on the consolidated statement of comprehensive (loss) income over the anticipated life of the relationships on a straight-line basis. Estimated future amortization of acquired customer relationships as of September 30, 2021 is $1.6 million for the year ending December 31, 2021 and $6.3 million for each of the years ending December 31, 2022, 2023, 2024, and 2025. See Note 3 “Acquisition” for more information. Portfolio energy credits are recorded at their cost when purchased and are amortized to cost of revenue on the consolidated statements of comprehensive (loss) income when utilized in operations. Other intangible assets consist of indefinite-lived domain names and internet protocol addresses recorded at their cost when purchased. Accumulated amortization of intangible assets was $9.0 million and $6.7 million as of September 30, 2021 and December 31, 2020, respectively. Goodwill Goodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. Goodwill is reviewed at least annually for impairment. To evaluate goodwill impairment, the Company performs a qualitative assessment to determine if it is more likely than not that the fair value of its reporting unit is less than its carrying amount. If the qualitative assessment is not conclusive, the Company then proceeds to test goodwill for impairment, including comparing the fair value of its reporting unit to its carrying value, including attributable goodwill. Fair value for the reporting unit is determined using the cost approach, income approach, or market approach incorporating market participant considerations and assumptions on revenue growth rates, operating margins, discount rates and expected capital expenditures. Fair value determinations may include both internal and third-party valuations.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Opening and Closing Balances of the Company's Contract Assets and Deferred Revenue	The opening and closing balances of the Company’s contract assets, net of allowance for credit losses, and deferred revenue are as follows: Contract Assets, Current Portion (1) Contract Assets (2) Deferred Revenue, Current Portion (3) Deferred Revenue (4) (in thousands) December 31, 2020 $ — $ 3,997 $ 14,870 $ 23,862 September 30, 2021 189 4,225 16,377 26,347 Change $ 189 $ 228 $ 1,507 $ 2,485 ________________________________________ (1) Amounts are included within other current assets on the Company’s consolidated balance sheets. (2) Amounts are included within other assets on the Company’s consolidated balance sheets. (3) Amounts include $1.4 million and $1.7 million of deferred revenue related to leases as of September 30, 2021 and December 31, 2020, respectively. (4) Amounts include $3.6 million and $2.7 million of deferred revenue related to leases as of September 30, 2021 and December 31, 2020, respectively.
Fair Value Measurements	Information about the Company’s financial assets and liabilities measured at fair value on a recurring basis is presented below: September 30, 2021 Balance Sheet Classification Carrying Value Level 1 Level 2 Level 3 (in thousands) Assets: Cash equivalents Cash and cash equivalents $ 5,270 $ 5,270 $ — $ — Liabilities: Interest rate swaps Swap liability, current portion $ 9,334 $ — $ 9,334 $ — Interest rate swaps Other long-term liabilities $ 11,315 $ — $ 11,315 $ — December 31, 2020 Balance Sheet Classification Carrying Value Level 1 Level 2 Level 3 (in thousands) Assets: Cash equivalents Cash and cash equivalents $ 60,664 $ 60,664 $ — $ — Liabilities: Interest rate swaps Swap liability, current portion $ 9,418 $ — $ 9,418 $ — Interest rate swaps Other long-term liabilities $ 20,523 $ — $ 20,523 $ —

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The preliminary allocation of the purchase price to the assets acquired and liabilities assumed based on preliminary estimates of fair value at the acquisition date is as follows (in thousands): Cash and cash equivalents $ 4,486 Restricted cash 78 Accounts receivable 1,461 Prepaid expenses 2,080 Property and equipment 188,111 Operating lease right-of-use assets (1) 3,946 Goodwill 106,473 Customer relationships (2) 125,000 Other assets 10 Total assets acquired $ 431,645 Accounts payable $ (1,437) Accrued salaries and benefits (561) Accrued expenses and other (1,532) Accrued construction payables (1,558) Customer deposits (2,447) Operating lease liability, current portion (461) Operating lease liability (3,486) Total liabilities assumed $ (11,482) Net assets acquired $ 420,163 ________________________________________ (1) Included within other assets on the consolidated balance sheet. (2) Included within intangible assets, net on the consolidated balance sheet with an amortization period of 20 years. Estimated fair value of property and equipment acquired consists of the following at the acquisition date (in thousands): Land and land improvements $ 23,516 Buildings, building improvements, and leasehold improvements 74,596 Data center equipment 82,320 Core network equipment 36 Computer equipment, furniture and fixtures 2,642 Finance lease right-of-use assets 3,000 Construction in progress 2,001 Total property and equipment $ 188,111
Schedule of Supplemental Pro Forma Results	Supplemental pro forma results of operations for the Company, assuming the acquisition had occurred on January 1, 2020, are as follows: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Revenue $ 158,104 $ 141,143 $ 451,117 $ 421,714 Net (loss) income attributable to Switch, Inc. $ (342) $ 3,397 $ 13,376 $ 1,872
Schedule of Unobservable Inputs Categorized As Level 3	The following summarizes information for unobservable inputs categorized as Level 3: Long-term revenue growth rate 2.0 % Attrition rate 6.6 % Discount rate 10.0 %

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Components of Property and Equipment, Net	Property and equipment, net consists of the following: September 30, December 31, 2021 2020 (in thousands) Land and land improvements $ 312,343 $ 286,706 Buildings, building improvements, and leasehold improvements 687,321 532,938 Substation equipment 19,780 19,780 Data center equipment 1,511,350 1,230,623 Vehicles 2,052 1,974 Core network equipment 40,990 37,327 Fiber facilities 14,643 14,441 Computer equipment, furniture and fixtures 52,070 42,243 Finance lease right-of-use assets 75,933 72,951 Construction in progress 245,340 198,355 Property and equipment, gross 2,961,822 2,437,338 Less: accumulated depreciation and amortization (823,277) (699,923) Property and equipment, net $ 2,138,545 $ 1,737,415
Depreciation and Amortization of Property and Equipment	Total depreciation and amortization of property and equipment recognized on the consolidated statements of comprehensive (loss) income was as follows: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Cost of revenue $ 44,045 $ 35,614 $ 122,000 $ 101,725 Selling, general and administrative expense 1,093 1,177 3,214 3,597 Total depreciation and amortization of property and equipment $ 45,138 $ 36,791 $ 125,214 $ 105,322

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consists of the following: September 30, December 31, 2021 2020 (in thousands) 3.75% senior unsecured notes, due September 2028 $ 600,000 $ 600,000 4.125% senior unsecured notes, due June 2029 500,000 — Term loan facility, interest paid at the defined LIBOR rate plus applicable interest margin (2.09% and 2.40% at September 30, 2021 and December 31, 2020, respectively), due July 2028 400,000 400,000 Revolving credit facility, interest paid at the defined LIBOR rate plus applicable interest margin (1.58% at September 30, 2021), due July 2026 40,000 — Long-term debt, gross 1,540,000 1,000,000 Less: unamortized debt issuance costs and original issue discount (13,508) (8,787) Long-term debt, net $ 1,526,492 $ 991,213

Compensation Related Costs, S_2

Compensation Related Costs, Share Based Payments (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	Total equity-based compensation recognized on the consolidated statements of comprehensive (loss) income was as follows: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Cost of revenue $ 560 $ 475 $ 1,747 $ 1,415 Selling, general and administrative expense 6,493 6,641 20,131 20,735 Total equity-based compensation $ 7,053 $ 7,116 $ 21,878 $ 22,150

Non-controlling Interest (Table

Non-controlling Interest (Tables)	9 Months Ended
	Sep. 30, 2021
Noncontrolling Interest [Abstract]
Ownership of Common Units	The ownership of the Common Units is summarized as follows: September 30, 2021 December 31, 2020 Units (in thousands) Ownership % Units (in thousands) Ownership % Switch, Inc.’s ownership of Common Units (1) 137,418 56.9 % 118,934 49.8 % Noncontrolling interest holders’ ownership of Common Units (2) 104,117 43.1 % 120,045 50.2 % Total Common Units 241,535 100.0 % 238,979 100.0 % ________________________________________ (1) Common Units held by Switch, Inc. exclude 71,000 and 75,000 Common Units underlying unvested restricted stock awards as of September 30, 2021 and December 31, 2020, respectively. (2) Common Units held by noncontrolling interest holders exclude 0.4 million and 1.6 million unvested Common Unit awards as of September 30, 2021 and December 31, 2020, respectively.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Income Per Share	The following table sets forth the calculation of basic and diluted net (loss) income per share: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands, except per share data) Net (loss) income per share: Numerator—basic: Net (loss) income attributable to Switch, Inc.—basic $ (369) $ 5,206 $ 15,633 $ 9,087 Numerator—diluted: Net (loss) income attributable to Switch, Inc.—basic $ (369) $ 5,206 $ 15,633 $ 9,087 Effect of dilutive securities: Shares of Class B and Class C common stock — — — 10,806 Net (loss) income attributable to Switch, Inc.—diluted $ (369) $ 5,206 $ 15,633 $ 19,893 Denominator—basic: Weighted average shares outstanding—basic 136,292 108,690 131,067 102,703 Net (loss) income per share—basic $ (0.00) $ 0.05 $ 0.12 $ 0.09 Denominator—diluted: Weighted average shares outstanding—basic 136,292 108,690 131,067 102,703 Weighted average effect of dilutive securities: Stock options — 1,462 2,510 1,415 Restricted stock units — 1,358 1,431 1,139 Dividend equivalent units — 45 44 35 Restricted stock awards — 10 39 42 Shares of Class B and Class C common stock — — — 138,219 Weighted average shares outstanding—diluted 136,292 111,565 135,091 243,553 Net (loss) income per share—diluted $ (0.00) $ 0.05 $ 0.12 $ 0.08
Potentially Dilutive Securities Excluded from the Computation of Diluted Net Income Per Share	The following table presents potentially dilutive securities excluded from the computation of diluted net (loss) income per share for the periods presented because their effect would have been anti-dilutive. Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Stock options (1) 8,641 1,117 — 1,117 Restricted stock units (1) 3,484 28 200 28 Dividend equivalent units (1) 41 — — — Restricted stock awards (1) 71 — 6 — Performance-vesting restricted stock units (1) 277 — 277 — Shares of Class B and Class C common stock (2) 104,515 131,667 104,515 — ________________________________________ (1) Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net (loss) income per share. (2) Shares of Class B and Class C common stock at the end of the period are considered potentially dilutive shares of Class A common stock under application of the if-converted method.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Composition of Revenue	The Company’s revenue is comprised of the following: Three Months Ended Nine Months Ended 2021 2020 2021 2020 (in thousands) Colocation $ 125,945 $ 105,112 $ 347,544 $ 308,947 Connectivity 29,305 22,450 76,101 70,394 Other 2,854 1,223 7,015 4,457 Total revenue $ 158,104 $ 128,785 $ 430,660 $ 383,798

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Accounting Policies [Abstract]
Restricted cash	$ 3,968,000	$ 0	$ 0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Concentrations of Credit and Other Risks (Details) - Customer Concentration Risk - Major Customers	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Revenue
Concentration Risk [Line Items]
Concentration risk percentage	13.00%	14.00%	15.00%	14.00%
Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage			10.00%		10.00%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization of intangible assets	$ 6.7	$ 9
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Expected amortization of customer relationships in 2021		1.6
Expected amortization of customer relationships in 2022		6.3
Expected amortization of customer relationships in 2023		6.3
Expected amortization of customer relationships in 2024		6.3
Expected amortization of customer relationships in 2025		$ 6.3

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Foreign Currency Translation (Details) - SUPERNAP International $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Foreign currency translation gain	$ 0.1
AOCI Attributable to Noncontrolling Interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Foreign currency translation gain	$ 0.4

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2021
Accounting Policies [Abstract]
Revenue recognized	$ 6,500,000	$ 1,800,000	$ 6,500,000
Impairment losses related to contract balances	$ 0		$ 0

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Remaining Performance Obligations (Details) $ in Millions	Sep. 30, 2021USD ($)
Revenue from External Customer [Line Items]
Remaining performance obligation	$ 814.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-10-01
Revenue from External Customer [Line Items]
Percent of remaining performance obligation expected to be recognized	43.00%
Period over which the remaining performance obligation is expected to be recognized
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Maximum
Revenue from External Customer [Line Items]
Period over which the remaining performance obligation is expected to be recognized	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue from External Customer [Line Items]
Percent of remaining performance obligation expected to be recognized	48.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | Minimum
Revenue from External Customer [Line Items]
Period over which the remaining performance obligation is expected to be recognized	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue from External Customer [Line Items]
Percent of remaining performance obligation expected to be recognized	8.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01 | Minimum
Revenue from External Customer [Line Items]
Period over which the remaining performance obligation is expected to be recognized	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01 | Maximum
Revenue from External Customer [Line Items]
Period over which the remaining performance obligation is expected to be recognized	5 years

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Opening and Closing Balances of the Company's Contract Assets and Deferred Revenue (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Contract assets, current portion
Beginning balance	$ 0
Ending balance	189
Change	189
Contract assets
Beginning balance	3,997
Ending balance	4,225
Change	228
Deferred Revenue, Current
Beginning balance	14,870
Ending balance	16,377
Change	1,507
Deferred Revenue
Beginning balance	23,862
Ending balance	26,347
Change	2,485
Deferred revenue related to leases, current portion	1,400	$ 1,700
Deferred revenue related to leases, noncurrent portion	$ 3,600	$ 2,700

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	$ 5,270	$ 60,664
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	5,270	60,664
Interest Rate Swap Agreements | Swap liability, current portion
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps	9,334	9,418
Interest Rate Swap Agreements | Swap liability, current portion | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps	9,334	9,418
Interest Rate Swap Agreements | Other long-term liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps	11,315	20,523
Interest Rate Swap Agreements | Other long-term liabilities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps	$ 11,315	$ 20,523

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Derivative Financial Instruments (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2021derivative	Feb. 28, 2019USD ($)derivative
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on swaps	$ (3,853,000)	$ (1,559,000)	$ (3,618,000)	$ (23,257,000)
Interest Rate Swap Agreements
Derivative Instruments, Gain (Loss) [Line Items]
Number of derivative agreements | derivative						4
Weighted average fixed interest rate on notional amounts						2.48%
Notional amount						$ 400,000,000
Gain (loss) on swaps	(1,100,000)	$ (1,600,000)	1,300,000	$ (23,300,000)
Power Swap
Derivative Instruments, Gain (Loss) [Line Items]
Number of derivative agreements | derivative					4
Gain (loss) on swaps	$ (2,800,000)		$ (4,900,000)

Acquisition - Narrative (Detail

Acquisition - Narrative (Details) - USD ($) $ in Thousands	Jul. 07, 2021	Sep. 30, 2021	Sep. 30, 2021	Jun. 07, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Aggregate principal amount of debt issued		$ 1,540,000	$ 1,540,000		$ 1,000,000
Senior Unsecured Notes Due 2029 | Senior Notes
Business Acquisition [Line Items]
Aggregate principal amount of debt issued		$ 500,000	$ 500,000		$ 0
Interest rate		4.125%	4.125%
Data Foundry Acquisition
Business Acquisition [Line Items]
Cash consideration paid for acquisition	$ 415,600
Considerations to be paid for acquisition upon finalization of closing conditions	$ 6,500
Cash, cash equivalents and restricted cash acquired				$ 4,600
Acquisition-related costs		$ 100	$ 4,500
Acquisition revenue		12,000	15,300
Acquisition net income		$ 100	$ 300

Acquisition - Schedule of Asset

Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 07, 2021	Sep. 30, 2021	Jun. 07, 2021	Dec. 31, 2020
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill		$ 106,473		$ 0
Data Foundry Acquisition
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Cash and cash equivalents			$ 4,486
Restricted cash			78
Accounts receivable			1,461
Prepaid expenses			2,080
Property and equipment			188,111
Operating lease right-of-use assets			3,946
Goodwill			106,473
Customer relationships			125,000
Other assets			10
Total assets acquired			431,645
Accounts payable			(1,437)
Accrued salaries and benefits			(561)
Accrued expenses and other			(1,532)
Accrued construction payables			(1,558)
Customer deposits			(2,447)
Operating lease liability, current portion			(461)
Operating lease liability			(3,486)
Total liabilities assumed			(11,482)
Net assets acquired			420,163
Intangible assets weighted average amortization period	20 years
Business Combination, Estimated Fair Value Of Property, Plant, And Equipment Acquired [Abstract]
Land and land improvements			23,516
Buildings, building improvements, and leasehold improvements			74,596
Data center equipment			82,320
Core network equipment			36
Computer equipment, furniture and fixtures			2,642
Finance lease right-of-use assets			3,000
Construction in progress			2,001
Total property and equipment			$ 188,111

Acquisition - Schedule Level 3

Acquisition - Schedule Level 3 Unobservable Inputs (Details) - Data Foundry Acquisition - Fair Value, Inputs, Level 3	Jun. 07, 2021
Business Acquisition [Line Items]
Long-term revenue growth rate	0.020
Attrition rate	0.066
Discount rate	0.100

Acquisition - Schedule of Suppl

Acquisition - Schedule of Supplemental Pro Forma Information (Details) - Data Foundry Acquisition - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Revenue	$ 158,104	$ 141,143	$ 451,117	$ 421,714
Net (loss) income attributable to Switch, Inc.	$ (342)	$ 3,397	$ 13,376	$ 1,872

Property and Equipment, Net - C

Property and Equipment, Net - Components of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,961,822	$ 2,437,338
Less: accumulated depreciation and amortization	(823,277)	(699,923)
Property and equipment, net	2,138,545	1,737,415
Land and land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	312,343	286,706
Buildings, building improvements, and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	687,321	532,938
Substation equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	19,780	19,780
Data center equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,511,350	1,230,623
Vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,052	1,974
Core network equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	40,990	37,327
Fiber facilities
Property, Plant and Equipment [Line Items]
Property and equipment, gross	14,643	14,441
Computer equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	52,070	42,243
Finance lease right-of-use assets
Property, Plant and Equipment [Line Items]
Property and equipment, gross	75,933	72,951
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 245,340	$ 198,355

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Accumulated amortization for capitalized leased assets	$ 16		$ 14.3
Capitalized interest	$ 4.7	$ 3

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation and Amortization of Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Line Items]
Depreciation and amortization of property and equipment	$ 45,138	$ 36,791	$ 125,214	$ 105,322
Cost of revenue
Property, Plant and Equipment [Line Items]
Depreciation and amortization of property and equipment	44,045	35,614	122,000	101,725
Selling, general and administrative expense
Property, Plant and Equipment [Line Items]
Depreciation and amortization of property and equipment	$ 1,093	$ 1,177	$ 3,214	$ 3,597

Equity Method Investments (Deta

Equity Method Investments (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Feb. 01, 2021
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity investment				$ 2,200	$ 0
Gain on sale of equity method investment		$ 0	$ 0	5,374	0
Equity in net losses on investments		$ 326	$ 0	925	$ 0
SUPERNAP International
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest sold						50.00%
Amount of ownership interest sold	$ 4,900
Gain on sale of equity method investment				5,400
Foreign currency translation gain realized				$ 500
SUPERNAP Thailand
Schedule of Equity Method Investments [Line Items]
Ownership interest in equity method investments		30.00%		30.00%
Equity in net losses on investments		$ 300		$ 900
Carrying value of equity method investments		$ 1,300		$ 1,300
SUPERNAP Thailand | SUPERNAP International
Schedule of Equity Method Investments [Line Items]
Ownership interest acquired						30.00%
Payments to acquire equity investment	$ 2,200

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,540,000	$ 1,000,000
Less: unamortized debt issuance costs and original issue discount	(13,508)	(8,787)
Long-term debt, net	$ 1,526,492	$ 991,213
Term Loan Facility
Debt Instrument [Line Items]
Interest rate	2.09%	2.40%
Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate	1.58%
Senior Unsecured Notes Due 2028 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	$ 600,000
Interest rate	3.75%
Senior Unsecured Notes Due 2029 | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 500,000	0
Interest rate	4.125%
Term Loan Facility | Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 400,000	400,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 40,000	$ 0

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2017USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt		$ 146	$ 245	$ 146	$ 245
Aggregate principal amount of debt issued		1,540,000		1,540,000		$ 1,000,000
Estimated fair value of long-term debt		1,570,000		1,570,000		1,010,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Aggregate principal amount of debt issued		40,000		40,000		0
Revolving Credit Facility | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 500,000
Available borrowing capacity		453,100		453,100
Term Loan Facility | Term Loan
Debt Instrument [Line Items]
Principal amount			400,000		400,000
Loss on extinguishment of debt		100	200	100	200
Third-party costs			$ 1,800		$ 1,800
Restricted payment basket		$ 50,000		$ 50,000
Consolidated secured leverage ratio under covenant		4		4
Aggregate principal amount of debt issued		$ 400,000		$ 400,000		400,000
Senior Unsecured Notes Due 2029 | Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount of debt issued		$ 500,000		$ 500,000		$ 0
Interest rate		4.125%		4.125%
Redemption price percentage	101.00%
Debt Instrument, Repurchase, Minimum Percent of Holders, Tender Offer	90.00%
Debt Instrument, Default, Holder Threshold, Percent	25.00%
Senior Unsecured Notes Due 2029 | Senior Notes | Prior to September 15, 2023
Debt Instrument [Line Items]
Percent of aggregate principal amounts redeemable	40.00%
Redemption price percentage	104.125%
Senior Unsecured Notes Due 2029 | Senior Notes | Prior to September 15, 2023 | Maximum
Debt Instrument [Line Items]
Redemption price percentage	102.063%
Senior Unsecured Notes Due 2029 | Senior Notes | Prior to September 15, 2023 | Minimum
Debt Instrument [Line Items]
Redemption price percentage	100.00%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Sep. 10, 2018plaintiff	Jun. 11, 2018case	Jun. 08, 2018case	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Other Commitments [Line Items]
Operating lease cost | $				$ 2,000	$ 1,800	$ 5,400	$ 5,700
Related party rent included in operating lease cost | $				$ 1,200	$ 1,100	$ 3,600	$ 3,500
Martz v. Switch, Inc. et al.
Other Commitments [Line Items]
Number of complaints filed | case			4
Cai v. Switch, Inc. et al.
Other Commitments [Line Items]
Number of complaints filed | case		1
Liu v. Roy et al., and Zhao v. Roy et al.
Other Commitments [Line Items]
Number of plaintiffs | plaintiff	2

Income Taxes - Narrative - (Det

Income Taxes - Narrative - (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Deferred Tax Asset Partnership Outside Basis	$ 27,600	$ 4,900	$ 65,000	$ 65,900
Liability under tax receivable agreement	359,009		$ 359,009		$ 278,865
Percent of tax benefits realized that the company must make payments to holders for			85.00%
Named Executive Officers and Members of the Board of Directors
Operating Loss Carryforwards [Line Items]
Liability under tax receivable agreement	$ 68,500		$ 68,500		$ 56,800

Equity-Based Compensation - Tot

Equity-Based Compensation - Total Equity-Based Compensation Recognized in the Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Equity-based compensation expense	$ 7,053	$ 7,116	$ 21,878	$ 22,150
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Equity-based compensation expense	560	475	1,747	1,415
Selling, general and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Equity-based compensation expense	$ 6,493	$ 6,641	$ 20,131	$ 20,735

Non-controlling Interest - Narr

Non-controlling Interest - Narrative (Details) - shares shares in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Class A Common Stock
Noncontrolling Interest [Line Items]
Issuance of common stock (in shares)	17.1	18.3

Non-controlling Interest - Owne

Non-controlling Interest - Ownership of Common Units (Details) - shares	Sep. 30, 2021	Dec. 31, 2020
Restricted stock awards
Noncontrolling Interest [Line Items]
Unvested awards (in shares)	71,000	75,000
Common Units
Noncontrolling Interest [Line Items]
Unvested awards (in shares)	400,000	1,600,000
Switch, Ltd.
Noncontrolling Interest [Line Items]
Switch, Inc.'s ownership of Common Units (in shares)	137,418,000	118,934,000
Noncontrolling interest holders’ ownership of Common Units (in shares)	104,117,000	120,045,000
Total Common Units (in shares)	241,535,000	238,979,000
Ownership percentage	56.90%	49.80%
Noncontrolling interest holders’ ownership of Common Units	43.10%	50.20%

Net Income Per Share - Calculat

Net Income Per Share - Calculation of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator—basic:
Net (loss) income attributable to Switch, Inc.—basic	$ (369)	$ 5,206	$ 15,633	$ 9,087
Shares of Class B and Class C common stock (in shares)	0	0	0	10,806
Numerator—diluted:
Net (loss) income attributable to Switch, Inc.—diluted	$ (369)	$ 5,206	$ 15,633	$ 19,893
Denominator—basic:
Weighted average shares outstanding—basic (in shares)	136,292	108,690	131,067	102,703
Basic net income per share (in dollars per share)	$ 0	$ 0.05	$ 0.12	$ 0.09
Denominator—diluted:
Weighted average shares outstanding—basic (in shares)	136,292	108,690	131,067	102,703
Weighted average effect of dilutive securities:
Weighted average shares outstanding - diluted (in shares)	136,292	111,565	135,091	243,553
Net income per share - diluted (in dollars per share)	$ 0	$ 0.05	$ 0.12	$ 0.08
Stock options
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities (in shares)	0	1,462	2,510	1,415
Restricted stock units
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities (in shares)	0	1,358	1,431	1,139
Dividend equivalent units
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities (in shares)	0	45	44	35
Restricted stock awards
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities (in shares)	0	10	39	42
Shares of Class B and Class C common stock
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities (in shares)	0	0	0	138,219

Net Income Per Share - Potentia

Net Income Per Share - Potentially Dilutive Securities Excluded from the Computation of Diluted Net Income Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per unit (in shares)	8,641	1,117	0	1,117
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per unit (in shares)	3,484	28	200	28
Dividend equivalent units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per unit (in shares)	41	0	0	0
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per unit (in shares)	71	0	6	0
Performance-vesting restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per unit (in shares)	277	0	277	0
Shares of Class B and Class C common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per unit (in shares)	104,515	131,667	104,515	0

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details) - segment	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue, Major Customer [Line Items]
Number of operating segments			1	1
Outside of the United States | Revenue | Geographic Concentration Risk
Revenue, Major Customer [Line Items]
Concentration risk percentage	2.00%	2.00%	2.00%	2.00%

Segment Reporting - Composition

Segment Reporting - Composition of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue from External Customer [Line Items]
Revenue	$ 158,104	$ 128,785	$ 430,660	$ 383,798
Colocation
Revenue from External Customer [Line Items]
Revenue	125,945	105,112	347,544	308,947
Connectivity
Revenue from External Customer [Line Items]
Revenue	29,305	22,450	76,101	70,394
Other
Revenue from External Customer [Line Items]
Revenue	$ 2,854	$ 1,223	$ 7,015	$ 4,457

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended		3 Months Ended						9 Months Ended
	Nov. 30, 2021	Oct. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Subsequent Event [Line Items]
Dividends declared (in dollars per share)			$ 0.0525	$ 0.05	$ 0.05		$ 0.0294	$ 0.0294
Dividends declared			$ 7,384	$ 6,716	$ 6,562	$ 5,629	$ 3,245	$ 2,891
Subsequent Event
Subsequent Event [Line Items]
Dividends declared	$ 7,500
Subsequent Event | Revolving Credit Facility | Line of Credit | Revolving Credit Facility
Subsequent Event [Line Items]
Borrowing under Revolving Credit Facility		$ 40,000
Switch, Ltd. | Subsequent Event
Subsequent Event [Line Items]
Cash distribution (in dollars per share)	$ 0.0525
Estimated cash distribution	$ 12,700
Class A Common Stock
Subsequent Event [Line Items]
Issuance of common stock (in shares)									17.1	18.3
Class A Common Stock | Subsequent Event
Subsequent Event [Line Items]
Issuance of common stock (in shares)	2.6	3.6
Dividends declared (in dollars per share)	$ 0.0525