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Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Statement of Comprehensive Income [Abstract]        
Revenue $ 518,027 $ 545,369 $ 1,053,983 $ 1,154,005
Expenses:        
Direct operating [1] 351,581 369,619 727,548 774,803
Marketing 7,422 8,047 16,644 16,467
Research and development 1,317 2,039 2,362 4,123
General and administrative 47,681 48,783 95,451 97,339
Restructuring and related costs (Note 9) 401 0 3,676 15,851
Depreciation and other 33,988 45,174 70,106 87,860
Amortization of intangible assets 3,790 3,309 7,580 6,618
Goodwill impairment 0 85,890 0 85,890
Total expenses 446,180 562,861 923,367 1,088,951
Operating income (loss) 71,847 (17,492) 130,616 65,054
Other income (expense), net:        
Loss from equity method investments, net (208) (133) (415) (265)
Interest expense, net (10,301) (12,183) (10,543) (24,254)
Other, net 223 642 1,452 (1,704)
Total other income (expense), net (10,286) (11,674) (9,506) (26,223)
Income (loss) from continuing operations before income taxes 61,561 (29,166) 121,110 38,831
Income tax expense (21,013) (18,185) (42,111) (44,027)
Income (loss) from continuing operations 40,548 (47,351) 78,999 (5,196)
Income (loss) from discontinued operations, net of tax 0 1,735 0 (4,821)
Net income (loss) 40,548 (45,616) 78,999 (10,017)
Foreign currency translation adjustment [2] (1,680) [3],[4] 473 [5] (2,229) [6],[7] 3,327 [8]
Comprehensive income (loss) 38,868 (45,143) 76,770 (6,690)
Income (loss) from continuing operations attributable to common shares (Note 11):        
Basic 38,615 (47,472) 75,665 (5,465)
Diluted $ 38,626 $ (47,472) $ 75,681 $ (5,465)
Basic earnings (loss) per common share (Note 11):        
Continuing operations (in usd per share) $ 2.39 $ (2.66) $ 4.69 $ (0.30)
Discontinued operations (in usd per share) 0.00 0.10 0.00 (0.27)
Basic earnings (loss) per common share (in usd per share) 2.39 (2.56) 4.69 (0.57)
Diluted earnings (loss) per common share (Note 11):        
Continuing operations (in usd per share) 2.38 (2.66) 4.67 (0.30)
Discontinued operations (in usd per share) 0.00 0.10 0.00 (0.27)
Diluted earnings (loss) per common share (in usd per share) $ 2.38 $ (2.56) $ 4.67 $ (0.57)
Weighted average common shares used in basic and diluted per share calculations (Note 11):        
Weighted average common shares - basic (in shares) 16,149 17,848 16,122 18,057
Weighted average common shares - diluted (in shares) [9] 16,244 17,848 16,216 18,057
Dividends paid per common share (in usd per share) $ 0.60 $ 0.30 $ 0.90 $ 0.60
[1] “Direct operating” excludes depreciation and other of $24.9 million and $51.1 million for the three and six months ended June 30, 2016, respectively, and $29.6 million and $58.0 million for the three and six months ended June 30, 2015, respectively.
[2] Foreign currency translation adjustment had no tax effect for the three and six months ended June 30, 2016 and 2015, respectively.
[3] Foreign currency translation adjustment had no tax effect for the three months ended June 30, 2016.
[4] Foreign currency translation adjustment had no tax effect for the three months ended June 30, 2016.
[5] Foreign currency translation adjustment had no tax effect for the three months ended June 30, 2015.
[6] Foreign currency translation adjustment had no tax effect for the six months ended June 30, 2016.
[7] Foreign currency translation adjustment had no tax effect for the six months ended June 30, 2016.
[8] Foreign currency translation adjustment had no tax effect for the six months ended June 30, 2015.
[9] Participating securities were included in the calculation of diluted earnings per share using the two-class method, as this calculation was more dilutive than the calculation using the treasury stock method.