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Consolidated Statements Of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Statement of Comprehensive Income [Abstract]        
Revenue $ 552,864 $ 586,539 $ 1,702,403 $ 1,712,896
Expenses:        
Direct operating 384,111 [1] 405,973 [1] 1,194,815 [1] 1,174,818 [1]
Marketing 9,762 8,395 27,142 22,903
Research and development 2,999 3,510 9,885 8,171
General and administrative 47,864 61,031 149,829 168,786
Depreciation and other 47,896 49,245 146,171 143,156
Amortization of intangible assets 3,671 3,191 11,366 7,085
Total expenses 496,303 531,345 1,539,208 1,524,919
Operating income 56,561 55,194 163,195 187,977
Other income (expense), net:        
Loss from equity method investments, net (11,352) 57,934 (31,261) 41,280
Interest expense, net (12,463) (8,402) (35,037) (25,953)
Other, net (3,015) (2,402) (1,857) (3,323)
Total other income (expense), net (26,830) 47,130 (68,155) 12,004
Income from continuing operations before income taxes 29,731 102,324 95,040 199,981
Income tax expense (11,841) (15,529) (31,454) (34,766)
Income from continuing operations 17,890 86,795 63,586 165,215
Loss from discontinued operations, net of tax 0 (4,139) (768) (13,098)
Net income 17,890 82,656 62,818 152,117
Other comprehensive income:        
Foreign currency translation adjustment (695) [2],[3] 1,852 [2],[4] (156) [2],[3] (304) [2],[4]
Comprehensive income $ 17,195 $ 84,508 $ 62,662 $ 151,813
Basic earnings (loss) per share:        
Continuing operations (in dollars per share) $ 0.95 $ 3.19 $ 3.06 $ 6.03
Discontinued operations (in dollars per share) $ 0.00 $ (0.16) $ (0.04) $ (0.48)
Basic earnings per share (in dollars per share) $ 0.95 $ 3.03 $ 3.02 $ 5.55
Diluted earnings (loss) per share:        
Continuing operations (in dollars per share) $ 0.93 $ 3.10 $ 2.98 $ 5.78
Discontinued operations (in dollars per share) $ 0.00 $ (0.15) $ (0.04) $ (0.46)
Diluted earnings per share (in dollars per share) $ 0.93 $ 2.95 $ 2.94 $ 5.32
Weighted average shares used in basic per share calculations 18,798 27,244 20,792 27,391
Weighted average shares used in diluted per share calculations 19,147 28,016 21,372 28,582
[1] “Direct operating” excludes depreciation and other of $32.0 million and $96.5 million for the three and nine months ended September 30, 2014, respectively, and $33.0 million and $97.3 million for the three and nine months ended September 30, 2013, respectively.
[2] Foreign currency translation adjustment had no tax effect for the three and nine months ended September 30, 2014 and 2013, respectively.
[3] Foreign currency translation adjustment had no tax effect in 2014.
[4] Foreign currency translation adjustment had no tax effect in 2013.