XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Condensed Consolidated Statements of Operations        
Net revenues $ 37,172 $ 35,846 $ 104,316 $ 110,103
Operating expenses:        
Cost of revenues 10,994 10,445 34,521 31,976
Selling, general and administrative 10,819 11,869 32,260 33,583
Depreciation and amortization 2,771 2,581 8,696 9,204
Other expenses 172 530 3,220 1,183
Gain from FCC spectrum repack and other (1,004) (154) (831) (1,661)
Total operating expenses 23,752 25,271 77,866 74,285
Operating income 13,420 10,575 26,450 35,818
Other expense:        
Interest expense and other, net (2,551) (3,113) (7,833) (9,078)
Loss on equity method investments (988) (6,888) (18,196) (24,048)
Impairment of equity method investment     (5,479)  
Total other expense (3,539) (10,001) (31,508) (33,126)
Income (loss) before income taxes 9,881 574 (5,058) 2,692
Income tax expense (4,664) (3,743) (5,873) (9,942)
Net income (loss) 5,217 (3,169) (10,931) (7,250)
Net loss attributable to non-controlling interest 80   118 37
Net income (loss) attributable to Hemisphere Media Group, Inc. $ 5,297 $ (3,169) $ (10,813) $ (7,213)
Income (loss) per share attributable to Hemisphere Media Group, Inc.:        
Basic (in dollars per share) $ 0.13 $ (0.08) $ (0.27) $ (0.18)
Diluted (in dollars per share) $ 0.13 $ (0.08) $ (0.27) $ (0.18)
Weighted average shares outstanding:        
Basic (in shares) 39,489 39,209 39,415 39,135
Diluted (in shares) 39,525 39,209 39,415 39,135