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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statements of Income    
Net revenues $ 498,150 $ 471,332
Operating expenses (income)    
Direct advertising expenses (exclusive of depreciation and amortization) 175,645 168,432
General and administrative expenses (exclusive of depreciation and amortization) 89,161 85,135
Corporate expenses (exclusive of depreciation and amortization) 35,704 28,527
Depreciation and amortization 75,228 73,125
Gain on disposition of assets (2,188) (2,688)
Total operating expenses 373,550 352,531
Operating income 124,600 118,801
Other (income) expense    
Interest income (467) (461)
Interest expense 44,487 41,444
Equity in loss (earnings) of investee 559 (178)
Total other (income) expense 44,579 40,805
Income before income tax expense 80,021 77,996
Income tax expense 1,522 1,798
Net income 78,499 76,198
Net income attributable to non-controlling interest 275 157
Net income attributable to controlling interest 78,224 76,041
Cash dividends declared and paid on preferred stock 91 91
Net income applicable to common stock $ 78,133 $ 75,950
Earnings per share:    
Basic earnings per share (in dollars per share) $ 0.77 $ 0.75
Diluted earnings per share (in dollars per share) 0.76 0.74
Cash dividends declared per share of common stock (in dollars per share) $ 1.30 $ 1.25
Weighted average common shares used in computing earnings per share:    
Weighted average common shares outstanding basic (in shares) 102,115,159 101,792,317
Weighted average common shares outstanding diluted (in shares) 102,447,333 101,963,563
Statements of Comprehensive Income    
Net income $ 78,499 $ 76,198
Other comprehensive loss    
Foreign currency translation adjustments (392) (2)
Comprehensive income 78,107 76,196
Net income attributable to non-controlling interest 275 157
Comprehensive income attributable to controlling interest $ 77,832 $ 76,039