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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Total net revenues $ 694,804 $ 703,906 $ 642,868
Operating expenses:      
Content costs 284,715 309,439 293,728
Other operating costs 54,826 56,731 55,924
Depreciation of property, plant and equipment 33,536 32,933 31,261
Amortization of intangibles 8,457 9,002 8,592
Cost of revenues 381,534 408,105 389,505
Selling, general and administrative expenses 125,934 118,214 113,449
Operating income 187,336 177,587 139,914
Interest expense (Note 15) (30,694) (49,106) (83,188)
Loss on extinguishment of debt (340) (415) (101)
Other non-operating (expense) / income, net (Note 16) (2,208) (3,588) 16,841
Income before tax 154,434 124,893 73,567
Provision for income taxes (35,226) (27,828) (22,504)
Income from continuing operations 119,208 97,065 51,063
Income / (loss) from discontinued operations, net of tax 0 60,548 (1,636)
Net income 119,208 157,613 49,427
Net (income) / loss attributable to noncontrolling interests (74) 79 341
Net income attributable to CME Ltd. 119,134 157,692 49,768
Currency translation adjustment (Note 14) (6,149) (23,050) 54,368
Unrealized (loss) / gain on derivative instruments (Note 14) (3,979) (5,800) 1,269
Total other comprehensive (loss) / income (10,128) (28,850) 55,637
Comprehensive income 109,080 128,763 105,064
Comprehensive (income) / loss attributable to noncontrolling interests (212) (283) 1,254
Comprehensive income attributable to CME Ltd. $ 108,868 $ 128,480 $ 106,318
Net income / (loss) per share:      
Continuing operations — basic $ 0.32 $ 0.27 $ 0.16
Continuing operations — diluted 0.32 0.25 0.12
Discontinued operations — basic 0 0.18 (0.01)
Discontinued operations — diluted 0 0.17 0.00
Attributable to CME Ltd. — basic 0.32 0.45 0.15
Attributable to CME Ltd. — diluted $ 0.32 $ 0.42 $ 0.12
Weighted average common shares used in computing per share amounts (000’s):      
Basic [1] 264,611 230,562 155,846
Diluted 266,198 257,694 236,404
[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.