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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Statement of Comprehensive Income [Abstract]            
Revenue $ 512,055     $ 549,899 $ 1,666,060 $ 1,694,188
Expenses:            
Direct operating [1] 340,199     379,442 1,115,002 1,180,818
Marketing 7,131     9,143 23,598 25,272
Research and development 1,514     2,999 5,637 9,885
General and administrative 47,818     47,586 145,157 148,790
Restructuring and lease termination costs (Note 11) 0     0 15,851 557
Depreciation and other 39,880     46,380 127,740 142,134
Amortization of intangible assets 3,308     3,665 9,926 11,347
Goodwill impairment (Note 6) 0     0 85,890 0
Total expenses 439,850     489,215 1,528,801 1,518,803
Operating income (loss) 72,205     60,684 137,259 175,385
Other expense, net:            
Loss from equity method investments, net (Note 7) (328)     (11,352) (593) (31,261)
Interest expense, net (11,973)     (12,465) (36,227) (35,045)
Other, net (1,384)     (1,352) (3,088) (386)
Total other expense, net (13,685)     (25,169) (39,908) (66,692)
Income from continuing operations before income taxes 58,520     35,515 97,351 108,693
Income tax expense (20,928)     (13,392) (64,955) (35,131)
Income from continuing operations 37,592     22,123 32,396 73,562
Loss from discontinued operations, net of tax (Note 12) (256)     (4,233) (5,077) (10,744)
Net income 37,336     17,890 27,319 62,818
Foreign currency translation adjustment [2],[3] (1,651)     (695) 1,676 (156)
Comprehensive income 35,685     17,195 28,995 62,662
Income from continuing operations attributable to common shares (Note 13):            
Basic 36,462     21,384 31,491 71,268
Diluted $ 36,462     $ 21,392 $ 31,491 $ 71,309
Basic earnings (loss) per common share (Note 13):            
Continuing operations (in usd per share) $ 2.12     $ 1.14 $ 1.77 $ 3.43
Discontinued operations (in usd per share) (0.02)     (0.23) (0.28) (0.52)
Basic earnings per common share (in usd per share) 2.10     0.91 1.49 2.91
Diluted earnings (loss) per common share (Note 13):            
Continuing operations (in usd per share) 2.12     1.12 1.77 3.37
Discontinued operations (in usd per share) (0.02)     (0.22) (0.29) (0.51)
Diluted earnings per common share (in usd per share) $ 2.10     $ 0.90 $ 1.48 $ 2.86
Weighted average common shares used in basic and diluted per share calculations (Note 13):            
Weighted average common shares - basic (in shares) 17,220     18,798 17,775 20,792
Weighted average common shares - diluted (in shares) [4] 17,229     19,021 17,789 21,186
Dividends declared per common share (in usd per share) $ 0.30 $ 0.30 $ 0.30 $ 0 $ 0.90 $ 0
[1] “Direct operating” excludes “Depreciation and other” of $28.7 million and $86.7 million for the three and nine months ended September 30, 2015, respectively, and $31.2 million and $94.3 million for the three and nine months ended September 30, 2014, respectively.
[2] Foreign currency translation adjustment had no tax effect for the nine months ended September 30, 2015.
[3] Foreign currency translation adjustment had no tax effect for the three and nine months ended September 30, 2015 and 2014, respectively.
[4] 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.