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STOCKHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2013
STOCKHOLDERS' EQUITY  
STOCKHOLDERS' EQUITY

6. STOCKHOLDERS' EQUITY

        As of December 31, 2012, and March 31, 2013 the Company's outstanding share capital was as follows:

Type
  December 31,
2012		   March 31,
2013		  

Common stock outstanding

     158,160,719     158,160,719  
           

Common Stock and Additional-paid-in capital

        In the three months ended March 31, 2012, the Company's former CEO exercised options to purchase 840,649 shares of common stock, for aggregate consideration of $4,616. 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. There were no exercises of stock options in the three months ended March 31, 2013.

Dividends

        In 2013, the following dividends were declared and paid:

Declaration date
  Per Share
Dividend		   Aggregate
Dividend		   Record Date   Payment Date

March 5, 2013

   $ 0.15   $ 23,724   March 20, 2013   March 26 and April 9, 2013

        The following table summarizes the changes in stockholders' equity during the three months ended March 31, 2012 and 2013:

 
   Total   CTC Media, Inc.
stockholders		   Noncontrolling
interest		  

Stockholders' equity, December 31, 2011

   $ 697,208   $ 693,972   $ 3,236  

Net Income

     33,612     32,622     990  

Other comprehensive income

     69,560     69,207     353  
               

Comprehensive income

   $ 103,172   $ 101,829   $ 1,343  
               

Share capital

     9     9     —  

Additional paid-in capital

     6,391     6,391     —  

Dividends declared

     (21,076 )   (20,561 )   (515 )
               

Stockholders' equity, March 31, 2012

   $ 785,704   $ 781,640   $ 4,064  
               


 

 
   Total   CTC Media, Inc.
stockholders		   Noncontrolling
interest		  

Stockholders' equity, December 31, 2012

   $ 762,926   $ 758,323   $ 4,603  

Net Income

     29,434     28,588     846  

Other comprehensive income

     (17,856 )   (17,852 )   (4 )
               

Comprehensive income

     11,578     10,736     842  
               

Additional paid-in capital

     649     649     —  

Dividends declared

     (25,024 )   (23,724 )   (1,300 )
               

Stockholders' equity, March 31, 2013

   $ 750,129   $ 745,984   $ 4,145