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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ( UNAUDITED ) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating revenues:        
Advertising $ 646,648 $ 502,891 $ 1,218,503 $ 938,159
Distribution 223,446 215,217 451,514 424,225
Other 22,677 13,994 39,632 27,968
Total operating revenues 892,771 732,102 1,709,649 1,390,352
Operating expenses:        
Cost of services, excluding depreciation and amortization 286,999 195,087 566,666 394,234
Selling, general and administrative 191,133 178,498 389,954 380,685
Depreciation 16,089 14,798 33,628 31,693
Amortization 25,654 11,640 56,716 23,335
Loss (gain) on disposal of property and equipment   44 (242) 2,560
Total operating expenses 519,875 400,067 1,046,722 832,507
Operating income 372,896 332,035 662,927 557,845
Interest expense, net (33,175) (16,835) (66,920) (29,802)
Equity in earnings of affiliates 21,712 27,290 47,390 46,235
Gain on derivatives 8,267 37,198 11,033 43,131
(Loss) gain on sale of investments (16,373)   191,824  
Miscellaneous, net (21,672) (13,194) (15,606) (13,596)
Income from operations before income taxes 331,655 366,494 830,648 603,813
Provision for income taxes 98,303 120,326 257,350 191,575
Net income 233,352 246,168 573,298 412,238
Less: net income attributable to non-controlling interests (48,744) (52,450) (97,793) (94,677)
Net income attributable to SNI $ 184,608 $ 193,718 $ 475,505 $ 317,561
Basic net income per share:        
Basic (in dollars per share) $ 1.42 $ 1.50 $ 3.67 $ 2.44
Diluted net income per share:        
Diluted (in dollars per share) $ 1.42 $ 1.49 $ 3.66 $ 2.43
Weighted average shares outstanding:        
Basic 129,562 129,225 129,434 130,237
Diluted 130,141 129,868 129,971 130,898