STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2012

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

9. STOCKHOLDERS' EQUITY

        As of December 31, 2011, and September 30, 2012 the Company's outstanding share capital was as follows:

Type	December 31, 2011		September 30, 2012
Common stock outstanding		157,320,070		158,160,719

Common Stock and Additional-paid-in capital

        The increase in additional paid-in capital includes proceeds in excess of par value from exercises of stock options and stock-based compensation expenses recognized in the Company's earnings. In the nine months ended September 30, 2012, the Company's former CEO exercised options to purchase 840,649 shares of common stock, for aggregate consideration of $4,615.

Dividends

        During the nine months of 2012 the following dividends were declared and paid:

Declaration date	Per Share Dividend		Aggregate Dividend		Record Date	Payment Date
February 24, 2012	$	0.13	$	20,561	March 15, 2012	March 30, 2012
April 27, 2012	$	0.13	$	20,561	June 1, 2012	June 27 - 28, 2012
July 31, 2012	$	0.13	$	20,561	September 1, 2012	September 27, 2012

        The following table summarizes the changes in stockholders' equity during the nine months ended September 30, 2011 and 2012:

	Total			CTC Media, Inc. stockholders			Noncontrolling interest
Stockholders' equity, December 31, 2010	$	794,641		$	793,024		$	1,617
Net Income		81,259			77,653			3,606
Other comprehensive income (loss)		(37,818	)		(37,923	)		107
Comprehensive income	$	43,441		$	39,728		$	3,713
Share capital		3			3			—
Additional paid-in capital		22,236			22,236			—
Acquisition of non-controlling interest		641			—			641
Dividends declared		(99,133	)		(94,320	)		(4,813	)
Stockholders' equity, September 30, 2011	$	761,829		$	760,671		$	1,158

	Total			CTC Media, Inc. stockholders			Noncontrolling interest
Stockholders' equity, December 31, 2011	$	697,208		$	693,972		$	3,236
Net Income		30,270			28,188			2,082
Other comprehensive income		26,860			26,739			121
Comprehensive income	$	57,130		$	54,927		$	2,203
Share capital		9			9			—
Additional paid-in capital		8,850			8,850			—
Dividends declared		(65,878	)		(61,683	)		(4,195	)
Stockholders' equity, September 30, 2012	$	697,319		$	696,075		$	1,244