CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
|
| Net broadcast revenue | $ 44,793 | $ 43,507 | $ 132,929 | $ 130,386 |
| Internet revenue | 7,079 | 5,052 | 20,873 | 14,254 |
| Publishing revenue | 3,024 | 2,832 | 9,009 | 8,198 |
| Total revenue | 54,896 | 51,391 | 162,811 | 152,838 |
| Operating expenses: | ||||
| Broadcast operating expenses exclusive of depreciation and amortization | 29,198 | 27,940 | 86,054 | 82,921 |
| Internet operating expenses-exclusive of depreciation and amortization shown below | 5,724 | 4,432 | 17,243 | 12,246 |
| Publishing operating expenses-exclusive of depreciation and amortization shown below | 2,890 | 2,962 | 8,541 | 8,270 |
| Corporate expenses exclusive of depreciation and amortization | 4,285 | 4,154 | 13,040 | 12,140 |
| Depreciation | 3,102 | 3,126 | 9,403 | 9,415 |
| Amortization | 680 | 587 | 1,982 | 1,475 |
| (Gain) loss on disposal of assets | 32 | 18 | (4,343) | 13 |
| Total operating expenses | 45,911 | 43,219 | 131,920 | 126,480 |
| Operating income | 8,985 | 8,172 | 30,891 | 26,358 |
| Other income (expense): | ||||
| Interest income | 57 | 48 | 154 | 142 |
| Interest expense | (6,826) | (7,435) | (21,125) | (22,903) |
| Loss on early retirement of long-term debt | (305) | (1,395) | (1,050) | |
| Other income (expense), net | 3 | 13 | (20) | (18) |
| Income before income taxes | 1,914 | 798 | 8,505 | 2,529 |
| Provision for income taxes | 429 | 455 | 3,333 | 1,284 |
| Net income | $ 1,485 | $ 343 | $ 5,172 | $ 1,245 |
| Basic earnings per share data: | $ 0.06 | $ 0.01 | $ 0.21 | $ 0.05 |
| Diluted earnings per share data: | $ 0.06 | $ 0.01 | $ 0.21 | $ 0.05 |
| Basic weighted average shares outstanding | 24,546,056 | 24,357,042 | 24,448,722 | 23,966,797 |
| Diluted weighted average shares outstanding | 24,746,164 | 24,822,412 | 24,665,649 | 24,602,258 |
| X | ||||||||||
- Definition Costs incurred during the reporting period directly associated with operating radio stations including salaries & commissions, facility costs such as rent, utilities, and property taxes, repairs & maintenance, and traffic and production costs.
|
| X | ||||||||||
- Definition Costs incurrect during the reporting period directly related to operating internet websites and web portals, including salary & commission, facility related including rent, utilities and property taxes, bandwidth costs, sofware support and costs, and promotional expenses.
|
| X | ||||||||||
- Definition Total net revenue from internet based operations during the reporting period including advertising net of agency commissions, streaming fees, and web based e-commerce activities.
|
| X | ||||||||||
- Definition Loss On Early Debt Extinguishment
|
| X | ||||||||||
- Definition Total Net Revenues from radio broadcasting during the reporting period including sales of adverstising time net of agency commissions, network revenue, block programming, infomercials, listener events and purchasing programs.
|
| X | ||||||||||
- Definition Costs incurred during the reporting period directly related to publishing operations including salary & commissions, facility related costs such as rent, utilities and property taxes, production and paper costs and postage and delivery costs.
|
| X | ||||||||||
- Definition Total net revenue from publishing operations during the reporting period including magazine advertisements net of agency commissions, subscription revenue, and book publishing revenue.
|
| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the costs of intangible assets over the expected benefit period of such assets. This element applies only to intangible assets used in the delivery of services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The expense recognized in the current period that allocates the cost of a tangible asset used in providing revenue generating services over the asset's useful life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The gains (losses) included in earnings resulting from the sale or disposal of tangible assets. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues.
|
| X | ||||||||||
- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|