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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statements of Income        
Net revenues $ 579,311 $ 565,251 $ 1,084,741 $ 1,063,401
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 186,776 183,265 366,773 358,910
General and administrative expenses (exclusive of depreciation and amortization) 89,315 88,341 184,307 177,502
Corporate expenses (exclusive of depreciation and amortization) 31,605 33,051 62,777 68,755
Depreciation and amortization 78,110 77,191 155,931 152,419
Gain on disposition of assets and investments (4,176) (824) (73,961) (3,012)
Costs and expenses, total 381,630 381,024 695,827 754,574
Operating income 197,681 184,227 388,914 308,827
Other (income) expense        
Interest income (597) (572) (1,089) (1,039)
Interest expense 40,700 44,337 79,032 88,824
Equity in loss (earnings) of investee 174 (4) (206) 555
Total other (income) expense 40,277 43,761 77,737 88,340
Income before income tax expense 157,404 140,466 311,177 220,487
Income tax expense 2,388 2,872 16,932 4,394
Net income 155,016 137,594 294,245 216,093
Net income attributable to non-controlling interest 661 228 1,135 503
Net income attributable to controlling interest 154,355 137,366 293,110 215,590
Cash dividends declared and paid on preferred stock 91 91 182 182
Net income applicable to common stock $ 154,264 $ 137,275 $ 292,928 $ 215,408
Earnings per share:        
Basic earnings per share (in dollars per share) $ 1.52 $ 1.34 $ 2.88 $ 2.11
Diluted earnings per share (in dollars per share) 1.52 1.34 2.87 2.10
Cash dividends declared per share of common stock (in dollars per share) $ 1.55 $ 1.30 $ 3.10 $ 2.60
Weighted average common shares used in computing earnings per share:        
Weighted average common shares outstanding basic (in shares) 101,271,391 102,248,621 101,851,428 102,181,890
Weighted average common shares outstanding diluted (in shares) 101,653,373 102,594,217 102,233,863 102,522,569
Statements of Comprehensive Income        
Net income $ 155,016 $ 137,594 $ 294,245 $ 216,093
Other comprehensive income (loss), net of tax        
Foreign currency translation adjustments 1,017 (431) 696 (823)
Comprehensive income 156,033 137,163 294,941 215,270
Net income attributable to non-controlling interest 661 228 1,135 503
Comprehensive income attributable to controlling interest $ 155,372 $ 136,935 $ 293,806 $ 214,767