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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Media revenues $ 606,268 $ 503,170 $ 1,137,591 $ 967,921
Revenues realized from station barter arrangements 34,003 30,373 60,513 51,332
Other non-media revenues 26,263 20,624 47,319 39,689
Total revenues 666,534 554,167 1,245,423 1,058,942
OPERATING EXPENSES:        
Media production expenses 243,620 181,810 459,497 353,381
Media selling, general and administrative expenses 128,488 103,225 243,497 205,466
Expenses recognized from station barter arrangements 29,259 26,381 52,184 43,793
Amortization of program contract costs and net realizable value adjustments 30,821 29,782 64,281 60,173
Other non-media expenses 19,761 15,520 37,458 30,433
Depreciation of property and equipment 24,409 25,273 48,444 50,462
Corporate general and administrative expenses 14,279 14,183 35,620 30,221
Amortization of definite-lived intangible and other assets 45,625 39,445 89,390 79,425
Research and development expenses 1,209 4,237 2,310 6,752
Gain on asset disposition (11) (29) (2,671) (51)
Total operating expenses 537,460 439,827 1,030,010 860,055
Operating income 129,074 114,340 215,413 198,887
OTHER INCOME (EXPENSE):        
Interest expense and amortization of debt discount and deferred financing costs (53,916) (47,664) (103,331) (94,312)
Income from equity and cost method investments 943 2,007 1,366 5,153
Other income, net 1,104 1,050 1,566 1,268
Total other expense, net (51,869) (44,607) (100,399) (87,891)
Income before income taxes 77,205 69,733 115,014 110,996
INCOME TAX PROVISION (26,605) (23,334) (38,785) (39,761)
NET INCOME 50,600 46,399 76,229 71,235
Net income attributable to the noncontrolling interests (1,181) (612) (2,670) (1,166)
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ 49,419 $ 45,787 $ 73,559 $ 70,069
Dividends declared per share (USD per share) $ 0.180 $ 0.165 $ 0.345 $ 0.33
BASIC AND DILUTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:        
Basic earnings per share (USD per share) 0.52 0.48 0.77 0.74
Diluted earnings per share (USD per share) $ 0.52 $ 0.48 $ 0.77 $ 0.73
Weighted average common shares outstanding (shares) 95,026 95,307 94,922 95,219
Weighted average common and common equivalent shares outstanding (shares) 95,934 96,050 95,819 95,911