Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Total revenue $ 65,528 $ 65,433 $ 195,595 $ 196,525
Operating expenses:        
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $98 and $41 for the three months ended September 30, 2017 and 2018, respectively, and $237 and $198 for the nine months ended September 30, 2017 and 2018, respectively, paid to related parties) 3,987 4,233 11,938 13,183
Depreciation 3,032 3,082 9,076 9,171
Amortization 1,604 1,135 4,558 3,420
Change in the estimated fair value of contingent earn-out consideration   (12) 72 (54)
Impairment of indefinite-lived long-term assets other than goodwill     0 19
Net (gain) loss on the disposition of assets (759) 95 4,400 (410)
Operating expenses 59,253 60,428 182,306 178,082
Operating income 6,275 5,005 13,289 18,443
Other income (expense):        
Interest income 2 1 4 3
Interest expense (4,507) (4,802) (13,779) (12,156)
Change in the fair value of interest rate swap       357
Gain (loss) on early retirement of long-term debt     234 (2,775)
Net miscellaneous income and (expenses) 1 (80) (12) (80)
Net income (loss) before income taxes 1,771 124 (264) 3,792
Provision for (benefit from) income taxes 564 170 (132) 1,506
Net income (loss) $ 1,207 $ (46) $ (132) $ 2,286
Basic earnings (loss) per share data:        
Basic earnings (loss) per share $ 0.05   $ (0.01) $ 0.09
Diluted earnings (loss) per share data:        
Diluted earnings (loss) per share 0.05   (0.01) 0.09
Distributions per share $ 0.07 $ 0.07 $ 0.20 $ 0.20
Basic weighted average shares outstanding 26,183,910 26,144,796 26,177,565 26,036,333
Diluted weighted average shares outstanding 26,312,194 26,144,796 26,177,565 26,454,923
Broadcast [Member]        
Total revenue $ 48,812 $ 48,424 $ 147,425 $ 145,479
Operating expenses:        
Operating expenses 37,158 37,040 110,151 108,807
Digital Media [Member]        
Total revenue 10,397 10,446 31,051 31,998
Operating expenses:        
Operating expenses 8,021 8,169 24,792 25,241
Publishing [Member]        
Total revenue 6,319 6,563 17,119 19,048
Operating expenses:        
Operating expenses $ 6,210 $ 6,686 $ 17,319 $ 18,705