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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Video and audio content distribution $ 66,336 $ 56,817 $ 128,374 $ 107,803
Other 1,516 1,373 2,988 2,718
Total revenues 67,852 58,190 131,362 110,521
Cost of revenues (excluding depreciation and amortization):        
Video and audio content distribution 22,677 16,799 43,936 33,325
Other 258 199 513 385
Total cost of revenues 22,935 16,998 44,449 33,710
Operating expenses:        
Sales and marketing 3,522 3,465 6,225 6,577
Research and development 2,673 2,430 5,345 4,545
General and administrative 12,674 8,812 21,024 16,582
Depreciation and amortization 7,534 6,935 14,384 14,009
Total operating expenses 26,403 21,642 46,978 41,713
Income from operations 18,514 19,550 39,935 35,098
Other expense:        
Write-off of deferred loan fees   2,162   2,162
Loss on interest rate swap termination   2,135   2,135
Other interest expense 183 121 232 2,166
Total interest expense 183 4,418 232 6,463
Interest (income) and other, net (14) 29 (122) 60
Income before income taxes 18,345 15,103 39,825 28,575
Provision for income taxes 7,847 6,273 16,439 11,867
Income from continuing operations 10,498 8,830 23,386 16,708
Discontinued operations:        
Income (loss) from discontinued operations (285) 170 (494) 334
Net income $ 10,213 $ 9,000 $ 22,892 $ 17,042
Basic income (loss) per common share:        
Continuing operations (in dollars per share) $ 0.38 $ 0.31 $ 0.84 $ 0.63
Discontinued operations (in dollars per share) $ (0.01) $ 0.01 $ (0.01) $ 0.02
Total (in dollars per share) $ 0.37 $ 0.32 $ 0.83 $ 0.65
Diluted income (loss) per common share:        
Continuing operations (in dollars per share) $ 0.38 $ 0.31 $ 0.83 $ 0.62
Discontinued operations (in dollars per share) $ (0.01) $ 0.01 $ (0.01) $ 0.02
Total (in dollars per share) $ 0.37 $ 0.32 $ 0.82 $ 0.64
Weighted average common shares outstanding:        
Basic (in shares) 27,421 27,894 27,606 26,131
Diluted (in shares) 27,752 28,231 27,921 26,565