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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Advertising$ 154,432$ 117,504$ 517,482$ 359,399
Sublicensing and own production revenue4,0687,4519,52718,706
Other revenue1,0783102,593859
Total operating revenues159,578125,265529,602378,964
EXPENSES:    
Direct operating expenses (exclusive of amortization of programming rights, sublicensing rights and own production cost, shown below; exclusive of depreciation and amortization of $2,893 and $3,876 for the three months and $8,510 and $10,355 for the nine months ended September 30, 2010 and 2011, respectively; and exclusive of stock-based compensation of $2,938 and $806 for the three months and $8,228 and $5,242 for the nine months ended September 30, 2010 and 2011, respectively)(11,066)(8,534)(32,533)(27,465)
Selling, general and administrative (exclusive of depreciation and amortization of $527 and $904 for the three months and $1,644 and $2,570 for the nine months ended September 30, 2010 and 2011, respectively; and exclusive of stock-based compensation of $6,262 and $(50) for the three months and $16,776 and $10,350 for the nine months ended September 30, 2010 and 2011, respectively)(35,808)(16,145)(116,675)(48,921)
Stock-based compensation expense(756)(9,200)(15,592)(25,004)
Amortization of programming rights(62,836)(49,400)(209,047)(157,189)
Amortization of sublicensing rights and own production cost(971)(1,309)(1,796)(3,889)
Depreciation and amortization (exclusive of amortization of programming rights, sublicensing rights and own production cost)(4,780)(3,420)(12,925)(10,154)
Impairment loss (Note 2)(16,843) (16,843) 
Total operating expenses(133,060)(88,008)(405,411)(272,622)
OPERATING INCOME26,51837,257124,191106,342
FOREIGN CURRENCY (LOSSES) GAINS(2,054)173(307)1,055
INTEREST INCOME1,2071,1053,9463,275
INTEREST EXPENSE(98)(242)(361)(1,150)
OTHER NON-OPERATING INCOME, net4,425624,6452,043
EQUITY IN INCOME OF INVESTEE COMPANIES14759514272
Income before income tax30,14538,414132,628111,837
INCOME TAX EXPENSE(12,868)(13,261)(51,369)(38,835)
CONSOLIDATED NET INCOME17,27725,15381,25973,002
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST(884)(854)(3,606)(2,600)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS$ 16,393$ 24,299$ 77,653$ 70,402
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share)$ 0.10$ 0.16$ 0.49$ 0.45
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share)$ 0.10$ 0.16$ 0.49$ 0.45
Weighted average common shares outstanding-basic (in shares)157,306,064155,938,598157,192,671155,247,783
Weighted average common shares outstanding-diluted (in shares)157,937,940156,547,414158,028,622155,698,696
Dividends declared per share (in dollars per share)$ 0.22$ 0.07$ 0.60$ 0.20