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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net revenues $ 574,212 $ 526,174 $ 496,195
Operating expenses:      
Content costs 254,061 238,063 227,510
Other operating costs 49,864 54,949 55,731
Depreciation of property, plant and equipment 26,991 23,106 21,327
Amortization of intangibles 8,592 8,270 12,050
Cost of revenues 339,508 324,388 316,618
Selling, general and administrative expenses 104,755 96,254 89,816
Restructuring costs 0 0 1,714
Operating income 129,949 105,532 88,047
Interest expense (Note 15) (70,633) (111,389) (151,767)
Loss on extinguishment of debt (Note 5) (101) (150,158) 0
Other non-operating income / (expense), net (Note 16) 16,321 (2,074) (23,609)
Income / (loss) before tax 75,536 (158,089) (87,329)
(Provision) / credit for income taxes (Note 18) (21,483) (6,336) 1,153
Income / (loss) from continuing operations 54,053 (164,425) (86,176)
Loss from discontinued operations, net of tax (Note 3) (4,626) (16,172) (29,396)
Net income / (loss) 49,427 (180,597) (115,572)
Net loss attributable to noncontrolling interests 341 306 671
Net income / (loss) attributable to CME Ltd. 49,768 (180,291) (114,901)
Currency translation adjustment (Note 13) 54,368 1,649 (89,714)
Gain / (loss) on derivative instruments (Note 14) 1,269 (3,031) (839)
Total other comprehensive income / (loss) 55,637 (1,382) (90,553)
Comprehensive income / (loss) 105,064 (181,979) (206,125)
Comprehensive loss / (income) attributable to noncontrolling interests 1,254 109 (712)
Comprehensive income / (loss) attributable to CME Ltd. $ 106,318 $ (181,870) $ (206,837)
Net income / (loss) per share:      
Continuing operations — basic $ 0.17 $ (1.18) $ (0.70)
Continuing operations — diluted 0.15 (1.18) (0.70)
Discontinued operations — basic (0.03) (0.10) (0.20)
Discontinued operations — diluted (0.03) (0.10) (0.20)
Net income / (loss) attributable to CME Ltd. — basic 0.14 (1.28) (0.90)
Net income / (loss) attributable to CME Ltd. — diluted $ 0.12 $ (1.28) $ (0.90)
Weighted average common shares used in computing per share amounts (000’s):      
Basic [1] 155,846 151,017 146,866
Diluted 236,404 151,017 146,866
[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 the common stock.