|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
| Revenues: |
|
|
| Television |
$ 61,831 |
$ 59,179 |
| Online |
31,018 |
4,331 |
| Total revenues |
92,849 |
63,510 |
| Cost of revenues (excluding depreciation and amortization): |
|
|
| Television |
20,439 |
19,381 |
| Online |
12,541 |
2,133 |
| Total cost of revenues |
32,980 |
21,514 |
| Operating expenses: |
|
|
| Sales and marketing |
14,673 |
2,703 |
| Research and development |
6,938 |
2,672 |
| General and administrative |
13,164 |
8,340 |
| Acquisition and integration |
1,470 |
10 |
| Depreciation and amortization |
13,229 |
6,850 |
| Total operating expenses |
49,474 |
20,575 |
| Income from operations |
10,395 |
21,421 |
| Other expense: |
|
|
| Interest expense |
8,093 |
49 |
| Interest (income) and other, net |
(10) |
(108) |
| Income before income taxes |
2,312 |
21,480 |
| Provision for income taxes |
1,033 |
8,592 |
| Income from continuing operations |
1,279 |
12,888 |
| Discontinued operations: |
|
|
| Loss from discontinued operations |
(291) |
(209) |
| Net income |
$ 988 |
$ 12,679 |
| Basic income (loss) per common share: |
|
|
| Continuing operations (in dollars per share) |
$ 0.05 |
$ 0.46 |
| Discontinued operations (in dollars per share) |
$ (0.01) |
$ (0.01) |
| Total (in dollars per share) |
$ 0.04 |
$ 0.45 |
| Diluted income (loss) per common share: |
|
|
| Continuing operations (in dollars per share) |
$ 0.05 |
$ 0.46 |
| Discontinued operations (in dollars per share) |
$ (0.01) |
$ (0.01) |
| Total (in dollars per share) |
$ 0.04 |
$ 0.45 |
| Weighted average common shares outstanding: |
|
|
| Basic (in shares) |
27,210 |
27,794 |
| Diluted (in shares) |
27,311 |
28,093 |