|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
|
| Revenues: | ||||
| Television | $ 61,601 | $ 62,718 | $ 123,432 | $ 121,897 |
| Online | 34,735 | 5,134 | 65,753 | 9,465 |
| Total revenues | 96,336 | 67,852 | 189,185 | 131,362 |
| Cost of revenues (excluding depreciation and amortization): | ||||
| Television | 22,565 | 20,723 | 43,004 | 40,104 |
| Online | 12,816 | 2,212 | 25,357 | 4,345 |
| Total cost of revenues | 35,381 | 22,935 | 68,361 | 44,449 |
| Operating expenses: | ||||
| Sales and marketing | 15,578 | 3,522 | 30,251 | 6,225 |
| Research and development | 6,160 | 2,673 | 13,098 | 5,345 |
| General and administrative | 13,701 | 9,479 | 26,865 | 17,819 |
| Acquisition and integration | 2,707 | 3,195 | 4,177 | 3,205 |
| Depreciation and amortization | 13,632 | 7,534 | 26,861 | 14,384 |
| Total operating expenses | 51,778 | 26,403 | 101,252 | 46,978 |
| Income from operations | 9,177 | 18,514 | 19,572 | 39,935 |
| Other expense: | ||||
| Interest expense | 7,838 | 183 | 15,931 | 232 |
| Interest (income) and other, net | 364 | (14) | 354 | (122) |
| Income before income taxes | 975 | 18,345 | 3,287 | 39,825 |
| Provision for income taxes | 457 | 7,847 | 1,490 | 16,439 |
| Income from continuing operations | 518 | 10,498 | 1,797 | 23,386 |
| Discontinued operations: | ||||
| Loss from operations of discontinued operations | (189) | (285) | (480) | (494) |
| Loss from disposal of discontinued operations | (600) | (600) | ||
| Loss from discontinued operations | (789) | (285) | (1,080) | (494) |
| Net income (loss) | $ (271) | $ 10,213 | $ 717 | $ 22,892 |
| Basic income (loss) per common share: | ||||
| Continuing operations (in dollars per share) | $ 0.02 | $ 0.38 | $ 0.07 | $ 0.84 |
| Discontinued operations (in dollars per share) | $ (0.03) | $ (0.01) | $ (0.04) | $ (0.01) |
| Total (in dollars per share) | $ (0.01) | $ 0.37 | $ 0.03 | $ 0.83 |
| Diluted income (loss) per common share: | ||||
| Continuing operations (in dollars per share) | $ 0.02 | $ 0.38 | $ 0.07 | $ 0.83 |
| Discontinued operations (in dollars per share) | $ (0.03) | $ (0.01) | $ (0.04) | $ (0.01) |
| Total (in dollars per share) | $ (0.01) | $ 0.37 | $ 0.03 | $ 0.82 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 27,458 | 27,421 | 27,334 | 27,606 |
| Diluted (in shares) | 27,458 | 27,752 | 27,452 | 27,921 |