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Unaudited Quarterly Data
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Data

16. Unaudited Quarterly Data

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

 

 

2017

 

 

2017

 

 

2017

 

 

2017

 

 

 

(in thousands, except per share amounts)

 

Net revenue

 

$

540,317

 

 

$

626,115

 

 

$

611,870

 

 

 

653,664

 

Income from operations

 

 

110,151

 

 

 

138,685

 

 

 

129,072

 

 

 

140,837

 

(Loss) income before income taxes

 

 

(997

)

 

 

80,777

 

 

 

74,085

 

 

 

87,519

 

Net income attributable to Nexstar

 

 

6,049

 

 

 

43,992

 

 

 

46,475

 

 

 

378,481

 

Basic net income per common share

 

$

0.14

 

 

$

0.94

 

 

$

1.01

 

 

$

8.27

 

Basic weighted average shares outstanding

 

 

44,200

 

 

 

46,931

 

 

 

46,107

 

 

 

45,754

 

Diluted net income per common share

 

$

0.13

 

 

$

0.91

 

 

$

0.98

 

 

$

8.03

 

Diluted weighted average shares outstanding

 

 

45,419

 

 

 

48,195

 

 

 

47,452

 

 

 

47,149

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

2016

 

 

2016

 

 

2016

 

 

 

(in thousands, except per share amounts)

 

Net revenue

 

$

255,658

 

 

$

261,994

 

 

$

275,659

 

 

$

309,879

 

Income from operations

 

 

57,929

 

 

 

64,007

 

 

 

72,897

 

 

 

92,475

 

Income before income taxes

 

 

37,139

 

 

 

43,283

 

 

 

43,149

 

 

 

47,101

 

Net income attributable to Nexstar

 

 

21,727

 

 

 

24,529

 

 

 

24,799

 

 

 

20,482

 

Basic net income per common share

 

$

0.71

 

 

$

0.80

 

 

$

0.81

 

 

$

0.67

 

Basic weighted average shares outstanding

 

 

30,658

 

 

 

30,680

 

 

 

30,695

 

 

 

30,713

 

Diluted net income per common share

 

$

0.69

 

 

$

0.78

 

 

$

0.78

 

 

$

0.64

 

Diluted weighted average shares outstanding

 

 

31,538

 

 

 

31,620

 

 

 

31,698

 

 

 

31,798