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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Station broadcast revenues, net of agency commissions $ 497,353 $ 448,056 $ 1,463,854 $ 1,226,088
Revenues realized from station barter arrangements 28,618 28,482 79,950 85,843
Other operating divisions revenues 22,433 18,418 63,542 50,809
Total revenues 548,404 494,956 1,607,346 1,362,740
OPERATING EXPENSES:        
Station production expenses 186,449 150,263 538,552 411,605
Station selling, general and administrative expenses 105,196 97,303 309,884 261,823
Expenses recognized from station barter arrangements 23,105 24,764 66,898 75,769
Amortization of program contract costs and net realizable value adjustments 29,841 28,622 90,014 76,137
Other operating divisions expenses 17,705 14,919 50,194 41,697
Depreciation of property and equipment 25,476 25,342 75,938 74,972
Corporate general and administrative expenses 16,209 15,218 46,379 46,873
Amortization of definite-lived intangible assets 40,014 34,478 119,439 84,195
Research and development expenses 4,803 2,384 11,555 3,967
Total operating expenses 448,798 393,293 1,308,853 1,077,038
Operating income 99,606 101,663 298,493 285,702
OTHER INCOME (EXPENSE):        
Interest expense and amortization of debt discount and deferred financing costs (48,566) (47,950) (142,878) (127,609)
Income from equity and cost method investments 252 1,928 5,405 2,768
Other income, net (48) 651 1,220 2,583
Total other expense, net (48,362) (45,371) (136,253) (122,258)
Income before income taxes 51,244 56,292 162,240 163,444
INCOME TAX PROVISION (7,210) (7,524) (46,971) (45,418)
NET INCOME 44,034 48,768 115,269 118,026
Net income attributable to the noncontrolling interests (779) (427) (1,945) (1,192)
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ 43,255 $ 48,341 $ 113,324 $ 116,834
Dividends declared per share $ 0.165 $ 0.165 $ 0.495 $ 0.465
BASIC AND DILUTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:        
Basic earnings per share (in dollars per share) 0.46 0.50 1.19 1.20
Diluted earnings per share (in dollars per share) $ 0.45 $ 0.49 $ 1.18 $ 1.19
Weighted average common shares outstanding (in shares) 95,002 97,154 95,146 97,712
Weighted average common and common equivalent shares outstanding (in shares) 95,692 97,896 95,837 98,414