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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Condensed Consolidated Statements of Operations        
Net revenues $ 50,460 $ 34,735 $ 88,037 $ 67,144
Operating expenses:        
Cost of revenues 14,798 12,560 26,577 23,527
Selling, general and administrative 24,908 10,208 36,299 21,441
Depreciation and amortization 4,337 2,794 7,002 5,925
Other expenses 1,363 27 8,091 3,048
(Gain) loss from FCC spectrum repack and other (2,124) 182 (2,176) 173
Total operating expenses 43,282 25,771 75,793 54,114
Operating income 7,178 8,964 12,244 13,030
Other (expense) income:        
Interest expense and other, net (3,165) (2,496) (5,523) (5,282)
(Loss) gain on equity method investment activity (8,569) (10,189) 24,040 (17,208)
Impairment of equity method investment       (5,479)
Other expense, net     (668)  
Total other (expense) income (11,734) (12,685) 17,849 (27,969)
(Loss) income before income taxes (4,556) (3,721) 30,093 (14,939)
Income tax expense (1,785) (2,884) (3,053) (1,209)
Net (loss) income (6,341) (6,605) 27,040 (16,148)
Net loss (income) attributable to non-controlling interest 55 (77) 32 38
Net (loss) income attributable to Hemisphere Media Group, Inc. $ (6,286) $ (6,682) $ 27,072 $ (16,110)
(Loss) income per share attributable to Hemisphere Media Group, Inc.:        
Basic $ (0.16) $ (0.17) $ 0.69 $ (0.41)
Diluted $ (0.16) $ (0.17) $ 0.68 $ (0.41)
Weighted average shares outstanding:        
Basic 39,641 39,444 39,511 39,378
Diluted 39,641 39,444 39,900 39,378