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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net revenues $ 175,206 $ 166,834 $ 304,206 $ 292,967
Operating expenses:        
Content costs 77,282 73,437 149,260 144,727
Other operating costs 17,939 17,422 34,393 34,460
Depreciation of property, plant and equipment 7,627 6,936 14,912 13,937
Amortization of broadcast licenses and other intangibles 2,114 3,434 4,174 6,933
Cost of revenues 104,962 101,229 202,739 200,057
Selling, general and administrative expenses 26,353 28,712 49,813 72,613
Restructuring costs (Note 15) 0 452 0 1,095
Operating income 43,891 36,441 51,654 19,202
Interest expense (Note 16) (29,545) (41,746) (78,699) (81,864)
Gains (Losses) on Extinguishment of Debt (150,158) 0 (150,158) 0
Total other non-operating (expense) / income (167) (2,904) 1,249 (15,645)
(Loss) / income from continuing operations before tax and income from investment in subsidiaries (135,979) (8,209) (175,954) (78,307)
(Provision) / credit for income taxes (5,270) (3,460) (5,989) (3,605)
(Loss) / income from continuing operations before income from investment in subsidiaries (141,249) (11,669) (181,943) (81,912)
Loss from discontinued operations, net of tax (Note 3) 0 2,684 0 (604)
Net loss (141,249) (8,985) (181,943) (82,516)
Net loss attributable to noncontrolling interests (68) 307 191 564
Net (loss) / income attributable to CME Ltd. (141,317) (8,678) (181,752) (81,952)
Currency translation adjustment (11,056) 39,581 8,002 (64,183)
Derivative Instruments, Loss Recognized in Other Comprehensive Income (Loss), Effective Portion (2,973) 533 (4,221) (74)
Other Comprehensive Income (Loss), Net of Tax (14,029) 40,114 3,781 (64,257)
Comprehensive loss (155,278) 31,129 (178,162) (146,773)
Comprehensive (income) / loss attributable to noncontrolling interests (237) 639 336 (210)
Comprehensive loss attributable to CME Ltd. $ (155,515) $ 31,768 $ (177,826) $ (146,983)
Net (loss) / income per share:        
Continuing operations attributable to CME Ltd. - Basic $ (0.98) $ (0.11) $ (1.29) $ (0.61)
Continuing operations attributable to CME Ltd. - Diluted (0.98) (0.11) (1.29) (0.61)
Discontinued operations attributable to CME Ltd. - Basic 0.00 0.02 0.00 (0.01)
Discontinued operations attributable to CME Ltd. - Diluted 0.00 0.02 0.00 (0.01)
Net loss attributable to CME Ltd. – Basic (0.98) (0.09) (1.29) (0.62)
Net loss attributable to CME Ltd. – Diluted $ (0.98) $ (0.09) $ (1.29) $ (0.62)
Weighted average common shares used in computing per share amounts (000’s):        
Basic (in shares) [1] 149,083 146,743 148,080 146,675
Diluted (in shares) 149,083 146,743 148,080 146,675
[1] For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of common stock.