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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statements of Income    
Net revenues $ 471,332 $ 451,388
Operating expenses (income)    
Direct advertising expenses (exclusive of depreciation and amortization) 168,432 157,772
General and administrative expenses (exclusive of depreciation and amortization) 85,135 83,084
Corporate expenses (exclusive of depreciation and amortization) 28,527 22,012
Depreciation and amortization 73,125 68,627
Gain on disposition of assets (2,688) (563)
Total operating expenses 352,531 330,932
Operating income 118,801 120,456
Other expense (income)    
Interest income (461) (215)
Interest expense 41,444 26,786
Equity in earnings of investee (178) (746)
Total other expense (income) 40,805 25,825
Income before income tax expense 77,996 94,631
Income tax expense 1,798 2,480
Net income 76,198 92,151
Earnings attributable to non-controlling interest 157 0
Net income attributable to controlling interest 76,041 92,151
Cash dividends declared and paid on preferred stock 91 91
Net income applicable to common stock $ 75,950 $ 92,060
Earnings per share:    
Basic earnings per share (in dollars per share) $ 0.75 $ 0.91
Diluted earnings per share (in dollars per share) 0.74 0.91
Cash dividends declared per share of common stock (in dollars per share) $ 1.25 $ 1.10
Weighted average common shares used in computing earnings per share:    
Weighted average common shares outstanding basic (in shares) 101,792,317 101,339,558
Weighted average common shares outstanding diluted (in shares) 101,963,563 101,540,213
Statements of Comprehensive Income    
Net income $ 76,041 $ 92,151
Other comprehensive (loss) income    
Foreign currency translation adjustments (2) 314
Comprehensive income 76,196 92,465
Earnings attributable to non-controlling interest (157) 0
Comprehensive income attributable to controlling interest $ 76,039 $ 92,465