Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net broadcast revenue $ 47,804 $ 48,745
Net digital media revenue 10,686 11,010
Net publishing revenue 6,490 4,820
Total net revenue 64,980 64,575
Operating expenses:    
Broadcast operating expenses, exclusive of depreciation and amortization shown below (including $408 and $424 for the three months ended March 31, 2016 and 2017, respectively, paid to related parties) 35,836 36,150
Digital media operating expenses, exclusive of depreciation and amortization shown below 8,702 9,024
Publishing operating expenses, exclusive of depreciation and amortization shown below 6,351 4,948
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $98 and $92 for the three months ended March 31, 2016 and 2017, respectively, paid to related parties) 5,125 4,213
Depreciation 2,980 2,992
Amortization 1,142 1,143
Change in the estimated fair value of contingent earn-out consideration 1 (128)
Impairment of indefinite-lived long-term assets other than goodwill 19 0
Loss on the sale or disposal of assets 5 150
Total operating expenses 60,161 58,492
Operating income 4,819 6,083
Other income (expense):    
Interest income 1 1
Interest expense (3,430) (3,796)
Change in the fair value of interest rate swap 357 (1,758)
Loss on early retirement of long-term debt (41) (9)
Net miscellaneous income and expenses 0 0
Net income before income taxes 1,706 521
Provision for income taxes 646 168
Net income $ 1,060 $ 353
Basic earnings per share data:    
Basic earnings per share $ 0.04 $ 0.01
Diluted earnings per share data:    
Diluted earnings per share 0.04 0.01
Distributions per share $ 0.07 $ 0
Basic weighted average shares outstanding 25,901,801 25,485,234
Diluted weighted average shares outstanding 26,290,926 25,802,958