XML 19 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue $ 587,353 $ 537,562 $ 1,716,269 $ 1,637,961
Expenses:        
Direct operating 408,713 [1] 351,541 [1] 1,183,613 [1] 1,098,750 [1]
Marketing 9,123 7,513 24,619 20,080
Research and development 3,819 3,140 12,105 10,684
General and administrative 61,838 56,010 172,800 156,609
Depreciation and other 52,250 50,470 149,435 133,579
Amortization of intangible assets 3,191 2,019 7,085 3,330
Total expenses 538,934 470,693 1,549,657 1,423,032
Operating income 48,419 66,869 166,612 214,929
Other income (expense), net:        
Income (loss) from equity method investments, net (Note 4 and Note 8) 57,934 (6,021) 41,280 4,094
Interest expense, net (8,402) (3,892) (25,953) (11,033)
Other, net (2,402) (21) (3,323) (37)
Total other income (expense), net 47,130 (9,934) 12,004 (6,976)
Income before income taxes 95,549 56,935 178,616 207,953
Income tax expense (12,893) (20,161) (26,499) (80,608)
Net income 82,656 36,774 152,117 127,345
Foreign currency translation adjustment 1,852 [2],[3] 1,477 [2] (304) [2],[3] 1,342 [2]
Comprehensive income $ 84,508 $ 38,251 $ 151,813 $ 128,687
Earnings per share:        
Basic earnings per share $ 3.03 $ 1.21 $ 5.55 $ 4.16
Diluted earnings per share $ 2.95 $ 1.14 $ 5.32 $ 3.90
Weighted average shares used in basic per share calculations 27,244 30,454 27,391 30,605
Weighted average shares used in diluted per share calculations 28,016 32,238 28,582 32,684
[1] “Direct operating” excludes depreciation and other of $33.4 million and $98.3 million for the three and nine months ended September 30, 2013, respectively, and $34.2 million and $94.4 million for the three and nine months ended September 30, 2012, respectively.
[2] Foreign currency translation adjustment has no tax effect for the three and nine months ended September 30, 2013 and 2012, respectively.
[3] Foreign currency translation adjustment has no tax effect for the nine months ended September 30, 2013.