Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

A rollforward of the allowance for doubtful accounts is as follows:


(in thousands)

January 1, 2021	$	3,443
Charged to costs and expenses	1,987
Amounts charged off, net	(1,174)
Balance as of December 31, 2021	4,256
Charged to costs and expenses	1,674
Amounts charged off, net	(967)
Balance as of December 31, 2022	4,963
Charged to costs and expenses	14,786
Amounts charged off, net	(14,708)
Balance as of December 31, 2023	$	5,041

We compute depreciation using the straight-line method over estimated useful lives as follows:


Buildings and improvements			15 to 45 years
Leasehold improvements			Shorter of term of lease or useful life
Broadcast transmission towers and related equipment			15 to 35 years
Other broadcast and program production equipment			3 to 15 years
Computer hardware			3 to 5 years
Office and other equipment			3 to 10 years

Property and equipment consisted of the following:

The following table presents information about basic and diluted weighted-average shares outstanding:


	For the years ended December 31,
(in thousands)	2023		2022		2021

Numerator (for basic and diluted earnings per share)
Income (loss) from continuing operations, net of tax	$	(947,784)	$	195,902	$	115,899

Less income allocated to RSUs	—		(3,662)		(1,855)
Less preferred stock dividends	(50,305)		(50,305)		(49,372)
Numerator for basic and diluted earnings per share	$	(998,089)	$	141,935	$	64,672
Denominator
Basic weighted-average shares outstanding	84,266		83,220		82,327


Effect of dilutive securities	—		4,126		5,652
Diluted weighted-average shares outstanding	84,266		87,346		87,979