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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME / LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net revenues $ 135,545 $ 183,599 $ 279,361 $ 330,158
Operating expenses:        
Content costs 43,693 70,356 108,725 140,716
Other operating costs 12,549 13,806 26,196 27,054
Depreciation of property, plant and equipment 7,972 8,154 15,899 16,380
Amortization of broadcast licenses and other intangibles 2,110 2,113 4,277 4,307
Cost of revenues 66,324 94,429 155,097 188,457
Selling, general and administrative expenses 25,047 28,708 53,893 53,602
Operating income 44,174 60,462 70,371 88,099
Interest expense (5,754) (7,735) (12,349) (15,977)
Other non-operating expense, net 328 2,237 (5,808) (860)
Income before tax 38,748 54,964 52,214 71,262
Provision for income taxes (7,646) (10,886) (12,142) (15,433)
Net income 31,102 44,078 40,072 55,829
Net loss / (income) attributable to noncontrolling interests 77 (119) 148 (112)
Net income attributable to CME Ltd. 31,179 43,959 40,220 55,717
Currency translation adjustment 25,583 17,002 (35,466) 1,159
Unrealized gain / (loss) on derivative instruments 122 (1,220) 342 (4,551)
Total other comprehensive income / (loss) 25,705 15,782 (35,124) (3,392)
Comprehensive income 56,807 59,860 4,948 52,437
Comprehensive loss / (income) attributable to noncontrolling interests 230 (28) 127 (158)
Comprehensive income attributable to CME Ltd. $ 57,037 $ 59,832 $ 5,075 $ 52,279
Net income per share:        
Attributable to CME Ltd. — basic $ 0.08 $ 0.12 $ 0.11 $ 0.15
Attributable to CME Ltd. — diluted $ 0.08 $ 0.12 $ 0.11 $ 0.15
Weighted average common shares used in computing per share amounts (000’s):        
Basic (in shares) [1] 265,649 264,570 265,342 264,385
Diluted (in shares) 266,776 265,932 266,790 265,628
[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 rights of the Series A Preferred Share are considered substantially similar to that of our Class A common stock.