XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue (less agency commissions) $ 218,977 $ 204,490 $ 649,119 $ 574,846
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net:        
Broadcast 139,430 120,717 406,446 346,620
Corporate and administrative 8,318 7,223 24,436 31,425
Depreciation 13,085 11,494 38,555 34,237
Amortization of intangible assets 6,460 4,235 18,684 12,365
Loss (gain) on disposal of assets, net 1,660 354 (75,139) (66)
Operating expenses 168,953 144,023 412,982 424,581
Operating income 50,024 60,467 236,137 150,265
Other income (expense):        
Miscellaneous income, net 28 30 36 740
Interest expense (24,207) (27,926) (71,189) (73,470)
Loss from early extinguishment of debt (31,987) (2,851) (31,987)
Income before income taxes 25,845 584 162,133 45,548
Income tax expense 10,529 797 65,751 19,109
Net income (loss) $ 15,316 $ (213) $ 96,382 $ 26,439
Basic per share information:        
Net income (loss) (in dollars per share) $ 0.21 $ 1.34 $ 0.37
Weighted-average shares outstanding (in shares) 71,636 71,879 71,777 71,850
Diluted per share information:        
Net income (loss) (in dollars per share) $ 0.21 $ 1.33 $ 0.36
Weighted-average shares outstanding (in shares) 72,454 71,879 72,491 72,723
Dividends declared per common share (in dollars per share)