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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
(in thousands, except share and per share data) 
Year ended Year ended December 31, 2012
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Revenues
$
49,831

 
$
47,884

 
$
43,549

 
$
56,363

 
$
197,627

Operating (loss)/income
(4,182
)
 
(2,885
)
 
(50,689
)
 
1,360

 
(56,396
)
Net (loss)/income
$
(3,613
)
 
$
(2,704
)
 
$
(50,878
)
 
$
1,110

 
$
(56,085
)
(Loss)/earnings per share—basic and diluted
$
(0.05
)
 
$
(0.04
)
 
$
(0.76
)
 
$
0.02

 
$
(0.83
)
Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
Basic
67,065,741

 
67,224,593

 
67,271,211

 
67,330,288

 
67,231,463

Diluted
67,065,741

 
67,224,593

 
67,271,211

 
67,621,961

 
67,231,463

Year ended Year ended December 31, 2011
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Revenues
$
52,675

 
$
54,860

 
$
52,204

 
$
61,694

 
$
221,433

Operating loss
(6,776
)
 
(2,486
)
 
(9,294
)
 
(38
)
 
(18,594
)
Net (loss)/income
$
(7,077
)
 
$
(2,938
)
 
$
(9,701
)
 
$
4,197

 
$
(15,519
)
(Loss)/earnings per share—basic and diluted
$
(0.13
)
 
$
(0.05
)
 
$
(0.18
)
 
$
0.07

 
$
(0.28
)
Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
Basic
54,715,573

 
54,765,846

 
54,989,823

 
59,014,889

 
55,880,896

Diluted
54,715,573

 
54,765,846

 
54,989,823

 
59,605,829

 
55,880,896

Note: Basic and diluted earnings per share are computed independently for each quarter and full year presented. Accordingly, the sum of the quarterly earnings per share data may not agree with the calculated full year earnings per share. For the year ended December 31, 2012, the non-cash goodwill impairment charge amounted to $0.66 per share.
Fourth Quarter 2012 Items:
Results include restructuring charges of approximately $3.5 million. Restructuring charges include employee severance and other employee-related termination costs, as well as recruiting costs.
Fourth Quarter 2011 Items:
Results include an approximate $1.3 million non-cash impairment charge related to a previously acquired television content library, a gain on sale of a cost-based investment of approximately $7.6 million, and other-than-temporary loss charges on cost-based investments of approximately $2.7 million.