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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue (less agency commissions) $ 279,310 $ 218,977 $ 755,912 $ 649,119
Operating expenses before depreciation, amortization and (gain) loss on disposal of assets, net:        
Broadcast 145,091 139,542 436,664 406,781
Corporate and administrative 11,041 8,330 30,134 24,472
Depreciation 13,350 13,085 40,587 38,555
Amortization of intangible assets 4,998 6,460 15,587 18,684
(Gain) loss on disposals of assets, net (3,572) 1,660 (5,187) (75,139)
Operating expenses 170,908 169,077 517,785 413,353
Operating income 108,402 49,900 238,127 235,766
Other income (expense):        
Miscellaneous income, net 930 152 2,192 407
Interest expense (25,104) (24,207) (74,185) (71,189)
Loss from early extinguishment of debt (2,851)
Income before income taxes 84,228 25,845 166,134 162,133
Income tax expense 22,342 10,529 43,598 65,751
Net income $ 61,886 $ 15,316 $ 122,536 $ 96,382
Basic per share information:        
Net income (in dollars per share) $ 0.71 $ 0.21 $ 1.39 $ 1.34
Weighted-average shares outstanding (in shares) 87,765 71,636 88,191 71,777
Diluted per share information:        
Net income (in dollars per share) $ 0.70 $ 0.21 $ 1.38 $ 1.33
Weighted-average shares outstanding (in shares) 88,565 72,454 88,810 72,491
Dividends declared per common share (in dollars per share) $ 0 $ 0