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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Total net revenues $ 703,906 $ 642,868 $ 583,006
Operating expenses:      
Content costs 309,439 293,728 275,746
Other operating costs 56,731 55,924 60,935
Depreciation of property, plant and equipment 32,933 31,261 27,529
Amortization of intangibles 9,002 8,592 8,270
Cost of revenues 408,105 389,505 372,480
Selling, general and administrative expenses 118,214 113,449 104,778
Operating income 177,587 139,914 105,748
Interest expense (Note 15) (49,106) (83,188) (126,378)
Loss on extinguishment of debt (415) (101) (150,158)
Other non-operating (expense) / income, net (Note 16) (3,173) 16,942 (2,252)
Income / (loss) before tax 124,893 73,567 (173,040)
Provision for income taxes (27,828) (22,504) (6,639)
Income / (loss) from continuing operations 97,065 51,063 (179,679)
Income / (loss) from discontinued operations, net of tax (Note 3) 60,548 (1,636) (918)
Net income / (loss) 157,613 49,427 (180,597)
Net loss attributable to noncontrolling interests 79 341 306
Net income / (loss) attributable to CME Ltd. 157,692 49,768 (180,291)
Currency translation adjustment (Note 13) (23,050) 54,368 1,649
Unrealized (loss) / gain on derivative instruments (Note 14) (5,800) 1,269 (3,031)
Total other comprehensive (loss) / income (28,850) 55,637 (1,382)
Comprehensive income / (loss) 128,763 105,064 (181,979)
Comprehensive (income) / loss attributable to noncontrolling interests (283) 1,254 109
Comprehensive income / (loss) attributable to CME Ltd. $ 128,480 $ 106,318 $ (181,870)
Net income / (loss) per share:      
Continuing operations — basic $ 0.27 $ 0.16 $ (1.28)
Continuing operations — diluted 0.25 0.12 (1.28)
Discontinued operations — basic 0.18 (0.01) 0.00
Discontinued operations — diluted 0.17 0.00 0.00
Attributable to CME Ltd. — basic 0.45 0.15 (1.28)
Attributable to CME Ltd. — diluted $ 0.42 $ 0.12 $ (1.28)
Weighted average common shares used in computing per share amounts (000’s):      
Basic [1] 230,562 155,846 151,017
Diluted 257,694 236,404 151,017
[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 rights of the Series A Preferred Share are considered substantially similar to that of our Class A common stock.