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Consolidated Statements Of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue $ 554,230 $ 532,220 $ 1,128,916 $ 1,100,399
Expenses:        
Direct operating 367,101 [1] 356,799 [1] 774,900 [1] 747,209 [1]
Marketing 7,539 5,610 15,496 12,567
Research and development 3,889 3,614 8,286 7,544
General and administrative 55,746 52,788 110,962 100,599
Depreciation and other 47,747 43,005 97,185 83,109
Amortization of intangible assets 1,877 624 3,894 1,311
Total expenses 483,899 462,440 1,010,723 952,339
Operating income 70,331 69,780 118,193 148,060
Other income (expense), net:        
Income (loss) from equity method investments, net (Note 9) (9,629) (5,044) (16,654) 10,115
Interest expense, net (12,018) (3,027) (17,551) (7,141)
Other, net (980) (59) (921) (16)
Total other income (expense), net (22,627) (8,130) (35,126) 2,958
Income before income taxes 47,704 61,650 83,067 151,018
Income tax expense (847) (24,775) (13,606) (60,447)
Net income 46,857 36,875 69,461 90,571
Foreign currency translation adjustment (242) [2] (862) [2] (2,156) [2] (135) [2]
Comprehensive income $ 46,615 $ 36,013 $ 67,305 $ 90,436
Earnings per share:        
Basic earnings per share $ 1.71 $ 1.20 $ 2.53 $ 2.95
Diluted earnings per share $ 1.64 $ 1.11 $ 2.42 $ 2.75
Weighted average shares used in basic per share calculations 27,438 30,776 27,465 30,682
Weighted average shares used in diluted per share calculations 28,537 33,190 28,737 32,908
[1] “Direct operating” excludes depreciation and other of $31.6 million and $64.9 million for the three and six months ended June 30, 2013 , respectively, and $30.2 million and $60.2 million for the three and six months ended June 30, 2012, respectively.
[2] Foreign currency translation adjustment has no tax effect for the three and six months ended June 30, 2013 and 2012, respectively.