Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Allocations of Emmis’ costs were included in the condensed consolidated and combined statements of operations of the Stations as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2020		2019		2020
Station operating expenses, excluding depreciation and amortization expense	$	733	$	—	$	1,214	$	—
Noncash compensation		75		—		132		—
Allocated charges from Emmis	$	808	$	—	$	1,346	$	—

Reconciliation of Basic and Diluted Net Loss per Share Attributable to Common Shareholders

The following is a reconciliation of basic and diluted net loss per share attributable to Class A and Class B common shareholders:

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2019		2020			2019		2020
Net income (loss)	$	2,520	$	(18,359	)	$	3,148	$	(19,844	)
Preferred dividends		—		528			—		1,057
Net income (loss) attributable to common shareholders	$	2,520	$	(18,887	)	$	3,148	$	(20,901	)
Basic and diluted weighted average Class A shares outstanding		1,667		1,683			1,667		1,682
Net income (loss) per share attributable to Class A shareholders	$	1.51	$	(2.66	)	$	1.89	$	(2.95	)
Basic and diluted weighted average Class B shares outstanding		—		5,413			—		5,408
Net income (loss) per share attributable to Class B shareholders	$	—	$	(2.66	)	$	—	$	(2.95	)

Schedule of Convertible Equity Shares Excluded from Calculation of Diluted Net Loss per Share

The following convertible equity shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive.

	For the Six Months Ended June 30,
	2019		2020
Convertible Emmis promissory note	$	—	$	1,238
Convertible Standard General promissory note		—		2,785
Series A convertible preferred stock		—		5,734
Total	$	—	$	9,757