XML 51 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Television $ 60,102 $ 60,572 $ 183,534 $ 182,469
Online 33,716 24,022 99,469 33,487
Total revenues 93,818 84,594 283,003 215,956
Cost of revenues (excluding depreciation and amortization):        
Television 22,061 20,533 65,065 60,637
Online 12,636 7,759 37,993 12,104
Total cost of revenues 34,697 28,292 103,058 72,741
Operating expenses:        
Sales and marketing 16,476 9,619 46,727 15,844
Research and development 5,501 5,546 18,599 10,891
General and administrative 13,959 14,776 40,824 32,595
Acquisition and integration 1,379 10,571 5,556 13,776
Depreciation and amortization 14,542 11,318 41,403 25,702
Goodwill impairment 208,166   208,166  
Total operating expenses 260,023 51,830 361,275 98,808
Income (loss) from operations (200,902) 4,472 (181,330) 44,407
Other expense:        
Interest expense 7,835 6,477 23,766 6,709
Other, net 346 284 700 162
Income (loss) before income taxes (209,083) (2,289) (205,796) 37,536
Provision for income taxes 10,644 408 12,134 16,847
Income (loss) from continuing operations (219,727) (2,697) (217,930) 20,689
Discontinued operations:        
Loss from discontinued operations   (134) (1,080) (628)
Net income (loss) $ (219,727) $ (2,831) $ (219,010) $ 20,061
Basic income (loss) per common share:        
Continuing operations (in dollars per share) $ (7.96) $ (0.10) $ (7.95) $ 0.75
Discontinued operations (in dollars per share)     $ (0.04) $ (0.03)
Total (in dollars per share) $ (7.96) $ (0.10) $ (7.99) $ 0.72
Diluted income (loss) per common share:        
Continuing operations (in dollars per share) $ (7.96) $ (0.10) $ (7.95) $ 0.74
Discontinued operations (in dollars per share)     $ (0.04) $ (0.02)
Total (in dollars per share) $ (7.96) $ (0.10) $ (7.99) $ 0.72
Weighted average common shares outstanding:        
Basic (in shares) 27,600 27,491 27,423 27,568
Diluted (in shares) 27,600 27,491 27,423 27,861