XML 21 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME / LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net revenues $ 139,182 $ 111,732
Operating expenses:    
Content costs 69,806 58,645
Other operating costs 12,687 11,255
Depreciation of property, plant and equipment 7,366 5,959
Amortization of broadcast licenses and other intangibles 2,356 2,109
Cost of revenues 92,215 77,968
Selling, general and administrative expenses 26,022 20,740
Operating income 20,945 13,024
Interest expense (Note 15) (15,012) (18,993)
Loss on extinguishment of debt (Note 5) (109) 0
Other non-operating income, net (Note 16) 4,157 2,232
Income / (loss) before tax 9,981 (3,737)
Provision for income taxes (3,897) (2,245)
Income / (loss) from continuing operations 6,084 (5,982)
Income / (loss) from discontinued operations, net of tax (Note 3) 988 (5,292)
Net income / (loss) 7,072 (11,274)
Net loss attributable to noncontrolling interests 178 209
Net income / (loss) attributable to CME Ltd. 7,250 (11,065)
Currency translation adjustment 11,785 2,072
Unrealized gain on derivative instruments (Note 12) 191 1,258
Total other comprehensive income 11,976 3,330
Comprehensive income / (loss) 19,048 (7,944)
Comprehensive loss attributable to noncontrolling interests 386 301
Comprehensive income / (loss) attributable to CME Ltd. $ 19,434 $ (7,643)
Net (loss) / income per share:    
Continuing operations — basic $ 0.01 $ (0.05)
Continuing operations — diluted 0.01 (0.05)
Discontinued operations — basic 0.01 (0.04)
Discontinued operations — diluted 0.00 (0.04)
Net income / (loss) attributable to CME Ltd. — basic 0.02 (0.09)
Net income / (loss) attributable to CME Ltd. — diluted $ 0.01 $ (0.09)
Weighted average common shares used in computing per share amounts (000’s):    
Basic (in shares) [1] 158,039 154,795
Diluted (in shares) 241,905 154,795
[1] (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.