v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total net revenue $ 63,782 $ 52,871 $ 123,135 $ 111,121
Operating expenses:        
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $0 and $2 for the three months ended June 30, 2020 and 2021, respectively, and $180 and $5 for the six months ended June 30, 2020 and 2021, respectively, paid to related parties) 4,192 3,850 8,480 8,060
Depreciation 2,741 2,718 5,330 5,431
Amortization 545 840 1,126 1,827
Change in the estimated fair value of contingent earn-out consideration   3   (2)
Impairment of indefinite-lived long-term assets other than goodwill       17,254
Impairment of goodwill 0   0 307
Net (gain) loss on the disposition of assets (263) 34 55 113
Total operating expenses 58,141 53,759 113,138 130,019
Operating income (loss) 5,641 (888) 9,997 (18,898)
Other income (expense):        
Interest income     1  
Interest expense (3,935) (4,013) (7,861) (8,045)
Gain on early retirement of long-term debt       49
Net miscellaneous income and (expenses) 63 6 85 (46)
Net income (loss) before income taxes 1,769 (4,895) 2,222 (26,940)
Provision for (benefit from) income taxes (488) (2,380) (358) 30,779
Net income (loss) $ 2,257 $ (2,515) $ 2,580 $ (57,719)
Basic income (loss) per share data:        
Basic income (loss) per share $ 0.08 $ (0.09) $ 0.10 $ (2.16)
Diluted income (loss) per share data:        
Diluted income (loss) per share $ 0.08 $ (0.09) $ 0.10 $ (2.16)
Basic weighted average shares outstanding 26,869,145 26,683,363 26,802,892 26,683,363
Diluted weighted average shares outstanding 27,232,423 26,683,363 27,185,598 26,683,363
Broadcast [Member]        
Total net revenue $ 46,783 $ 39,470 $ 90,831 $ 84,650
Operating expenses:        
Total operating expenses 36,162 33,094 69,505 70,421
Digital Media [Member]        
Total net revenue 10,339 9,443 19,958 18,547
Operating expenses:        
Total operating expenses 8,338 7,653 17,011 15,979
Publishing [Member]        
Total net revenue 6,660 3,958 12,346 7,924
Operating expenses:        
Total operating expenses $ 6,426 $ 5,567 $ 11,631 $ 10,629

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