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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Station broadcast revenues, net of agency commissions $ 502,338 $ 404,151 $ 966,501 $ 778,032
Revenues realized from station barter arrangements 30,373 33,336 51,332 57,361
Other operating divisions revenues 21,456 17,649 41,109 32,391
Total revenues 554,167 455,136 1,058,942 867,784
OPERATING EXPENSES:        
Station production expenses 181,088 134,303 352,103 261,342
Station selling, general and administrative expenses 102,801 82,595 204,688 164,520
Expenses recognized from station barter arrangements 26,381 29,528 43,793 51,005
Amortization of program contract costs and net realizable value adjustments 29,782 23,574 60,173 47,515
Other operating divisions expenses 16,666 14,453 32,489 26,778
Depreciation of property and equipment 25,273 25,252 50,462 49,630
Corporate general and administrative expenses 14,154 15,820 30,170 31,655
Amortization of definite-lived intangible assets 39,445 24,989 79,425 49,717
Research and development expenses 4,237 1,583 6,752 1,583
Total operating expenses 439,827 352,097 860,055 683,745
Operating income 114,340 103,039 198,887 184,039
OTHER INCOME (EXPENSE):        
Interest expense and amortization of debt discount and deferred financing costs (47,664) (40,121) (94,312) (79,659)
Income from equity and cost method investments 2,007 742 5,153 840
Other income, net 1,050 1,015 1,268 1,932
Total other expense, net (44,607) (38,364) (87,891) (76,887)
Income before income taxes 69,733 64,675 110,996 107,152
INCOME TAX PROVISION (23,334) (23,074) (39,761) (37,894)
NET INCOME 46,399 41,601 71,235 69,258
Net income attributable to the noncontrolling interests (612) (266) (1,166) (765)
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ 45,787 $ 41,335 $ 70,069 $ 68,493
Dividends declared per share $ 0.165 $ 0.15 $ 0.33 $ 0.3
BASIC AND DILUTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:        
Basic earnings per share (in dollars per share) 0.48 0.43 0.74 0.70
Diluted earnings per share (in dollars per share) $ 0.48 $ 0.42 $ 0.73 $ 0.69
Weighted average common shares outstanding (in shares) 95,307 97,174 95,219 97,994
Weighted average common and common equivalent shares outstanding (in shares) 96,050 97,864 95,911 98,678