NET INCOME (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2012

NET INCOME (LOSS) PER SHARE

Components of basic and diluted net income (loss) per share

	Three months ended September 30,					Nine months ended September 30,
	2011		2012			2011		2012
Net income (loss) attributable to CTC Media, Inc. stockholders	$	16,393	$	(38,480	)	$	77,653	$	28,188
Weighted average common shares outstanding—basic
Common stock		157,306,064		158,160,719			157,192,671		157,939,820
Dilutive effect of:
Common stock options		631,876		—			835,951		355,912
Weighted average common shares outstanding—diluted		157,937,940		158,160,719			158,028,622		158,295,732
Net income (loss) per share attributable to CTC Media, Inc. stockholders:
Basic	$	0.10	$	(0.24	)	$	0.49	$	0.18
Diluted	$	0.10	$	(0.24	)	$	0.49	$	0.18