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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES:    
Media revenues $ 643,651 [1] $ 607,057
Non-media revenues 21,701 19,879
Total revenues 665,352 626,936
OPERATING EXPENSES:    
Media production expenses 288,549 258,401
Media selling, general and administrative expenses 146,899 124,721
Amortization of program contract costs and net realizable value adjustments 26,950 31,019
Non-media expenses 21,223 18,402
Depreciation of property and equipment 27,325 23,981
Corporate general and administrative expenses 24,596 20,576
Amortization of definite-lived intangible and other assets 43,605 45,554
Gain on asset dispositions, net of impairment 21,109 53,347
Total operating expenses 558,038 469,307
Operating income 107,314 157,629
OTHER INCOME (EXPENSE):    
Interest expense and amortization of debt discount and deferred financing costs (69,742) (57,318)
Loss from extinguishment of debt 0 (1,404)
Loss from equity and cost method investments (12,477) (1,321)
Other income, net 3,271 1,696
Total other expense, net (78,948) (58,347)
Income before income taxes 28,366 99,282
INCOME TAX BENEFIT (PROVISION) 15,628 (28,579)
NET INCOME 43,994 70,703
Net income attributable to the noncontrolling interests (871) (13,501)
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ 43,123 $ 57,202
Dividends declared per share (USD per share) $ 0.18 $ 0.18
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:    
Basic earnings per share (USD per share) 0.42 0.62
Diluted earnings per share (USD per share) $ 0.42 $ 0.61
Weighted average common shares outstanding (shares) 101,899 92,630
Weighted average common and common equivalent shares outstanding (shares) 102,917 93,692
[1] See Revenue Recognition within Note 1. Nature of Operations and Summary of Significant Accounting Policies for a discussion of the adoption of the new accounting principles for revenue recognition.