|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
| Revenues: |
|
|
|
| Television |
$ 245,961 |
$ 246,780 |
$ 222,894 |
| Online |
140,652 |
77,477 |
18,434 |
| Total revenues |
386,613 |
324,257 |
241,328 |
| Cost of revenues (excluding depreciation and amortization): |
|
|
|
| Television |
86,543 |
81,720 |
65,940 |
| Online |
50,735 |
24,721 |
7,290 |
| Total cost of revenues |
137,278 |
106,441 |
73,230 |
| Operating expenses: |
|
|
|
| Sales and marketing |
64,246 |
33,679 |
13,534 |
| Research and development |
23,612 |
19,142 |
10,601 |
| General and administrative |
53,248 |
42,831 |
32,620 |
| Acquisition and integration |
8,513 |
15,119 |
269 |
| Depreciation and amortization |
57,300 |
38,736 |
29,236 |
| Goodwill impairment |
219,593 |
|
|
| Total operating expenses |
426,512 |
149,507 |
86,260 |
| Income (loss) from operations |
(177,177) |
68,309 |
81,838 |
| Other expense: |
|
|
|
| Interest expense |
31,329 |
14,915 |
7,350 |
| Interest (income) and other expense, net |
2,800 |
637 |
(221) |
| Income (loss) before income taxes |
(211,306) |
52,757 |
74,709 |
| Provision for income taxes |
27,449 |
26,220 |
29,407 |
| Income (loss) from continuing operations |
(238,755) |
26,537 |
45,302 |
| Discontinued operations: |
|
|
|
| Loss from discontinued operations |
(1,080) |
(2,053) |
(3,733) |
| Net income (loss) |
$ (239,835) |
$ 24,484 |
$ 41,569 |
| Basic income (loss) per common share: |
|
|
|
| Continuing (in dollars per share) |
$ (8.69) |
$ 0.96 |
$ 1.65 |
| Discontinued (in dollars per share) |
$ (0.04) |
$ (0.07) |
$ (0.13) |
| Total (in dollars per share) |
$ (8.73) |
$ 0.89 |
$ 1.52 |
| Diluted income (loss) per common share: |
|
|
|
| Continuing (in dollars per share) |
$ (8.69) |
$ 0.95 |
$ 1.63 |
| Discontinued (in dollars per share) |
$ (0.04) |
$ (0.07) |
$ (0.13) |
| Total (in dollars per share) |
$ (8.73) |
$ 0.88 |
$ 1.50 |
| Weighted average common shares outstanding: |
|
|
|
| Basic (in shares) |
27,477 |
27,516 |
27,226 |
| Diluted (in shares) |
27,477 |
27,760 |
27,570 |