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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Condensed Consolidated Statements of Operations        
Net revenues $ 50,791 $ 37,172 $ 138,828 $ 104,316
Operating expenses:        
Cost of revenues 16,024 10,994 42,601 34,521
Selling, general and administrative 31,164 10,819 67,463 32,260
Depreciation and amortization 10,861 2,771 17,863 8,696
Other expenses 413 172 8,504 3,220
Gain from FCC spectrum repack and other (309) (1,004) (2,485) (831)
Total operating expenses 58,153 23,752 133,946 77,866
Operating (loss) income (7,362) 13,420 4,882 26,450
Other (expense) income:        
Interest expense and other, net (3,278) (2,551) (8,801) (7,833)
(Loss) gain on equity method investment activity (3,222) (988) 20,818 (18,196)
Impairment of equity method investment       (5,479)
Other income (expense), net 540   (128)  
Total other (expense) income (5,960) (3,539) 11,889 (31,508)
(Loss) income before income taxes (13,322) 9,881 16,771 (5,058)
Income tax expense (1,479) (4,664) (4,532) (5,873)
Net (loss) income (14,801) 5,217 12,239 (10,931)
Net loss attributable to non-controlling interest   80 32 118
Net (loss) income attributable to Hemisphere Media Group, Inc. $ (14,801) $ 5,297 $ 12,271 $ (10,813)
(Loss) income per share attributable to Hemisphere Media Group, Inc.:        
Basic $ (0.37) $ 0.13 $ 0.31 $ (0.27)
Diluted $ (0.37) $ 0.13 $ 0.31 $ (0.27)
Weighted average shares outstanding:        
Basic 39,713 39,489 39,578 39,415
Diluted 39,713 39,525 39,960 39,415