Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net broadcast revenue $ 48,050 $ 47,804
Net digital media revenue 10,394 10,686
Net publishing revenue 5,351 6,490
Total net revenue 63,795 64,980
Operating expenses:    
Broadcast operating expenses, exclusive of depreciation and amortization shown below (including $424 and $436 for the three months ended March 31, 2017 and 2018, respectively, paid to related parties) 35,750 35,836
Digital media operating expenses, exclusive of depreciation and amortization shown below 8,374 8,702
Publishing operating expenses, exclusive of depreciation and amortization shown below 5,587 6,351
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $92 and $63 for the three months ended March 31, 2017 and 2018, respectively, paid to related parties) 3,921 5,125
Depreciation 3,009 2,980
Amortization 1,478 1,142
Change in the estimated fair value of contingent earn-out consideration 0 1
Impairment of indefinite-lived long-term assets other than goodwill 0 19
Loss on the sale or disposal of assets 5 5
Total operating expenses 58,124 60,161
Operating income 5,671 4,819
Other income (expense):    
Interest income 2 1
Interest expense (4,518) (3,430)
Change in the fair value of interest rate swap 0 357
Loss on early retirement of long-term debt 0 (41)
Net miscellaneous income and expenses 75 0
Net income before income taxes 1,230 1,706
Provision for income taxes 402 646
Net income $ 828 $ 1,060
Basic earnings per share data:    
Basic earnings per share $ 0.03 $ 0.04
Diluted earnings per share data:    
Diluted earnings per share 0.03 0.04
Distributions per share $ 0.06 $ 0.07
Basic weighted average shares outstanding 26,171,539 25,901,801
Diluted weighted average shares outstanding 26,304,891 26,290,926