Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

14. Quarterly Results of Operations (Unaudited)

	March 31,						June 30,						September 30,						December 31,
	2012			2011			2012			2011			2012			2011			2012			2011
	(In thousands, except per share data)
Net operating revenue	$	29,323		$	28,248		$	32,986		$	32,764		$	32,409		$	32,027		$	35,541		$	32,234
Station operating expenses		22,360			22,134			21,959			23,016			22,379			22,939			23,590			22,840
Corporate G&A		1,949			1,940			1,940			1,949			1,910			1,965			2,161			1,736
Operating income from continuing operations		5,014			4,174			9,087			7,799			8,120			7,123			9,790			7,658
Other (income) expenses:
Interest expense		528			1,157			458			1,034			381			646			366			583
Write-off debt issuance costs		—			—			—			1,326			—			—			—			—
Other		(2	)		63			(8	)		(95	)		145			27			144			524
Income from continuing operations before tax		4,488			2,954			8,637			5,534			7,594			6,450			9,280			6,551
Income tax provision		1,785			1,206			3,438			2,251			3,227			2,473			3,489			2,674
Income from continuing operations, net of tax		2,703			1,748			5,199			3,283			4,367			3,977			5,791			3,877
Income (loss) from discontinued operations, net of tax		2			(86	)		(67	)		(113	)		(39	)		(283	)		(31	)		228
Net income	$	2,705		$	1,662		$	5,132		$	3,170		$	4,328		$	3,694		$	5,760		$	4,105
Basic earnings (loss) per share:
From continuing operations	$	.48		$	.31		$	.92		$	.58		$	.77		$	.70		$	1.02		$	.69
From discontinued operations		—			(.02	)		(.01	)		(.02	)		(.01	)		(.05	)		—			.04
Earnings per share	$	.48		$	.29		$	.91		$	.56		$	.76		$	.65		$	1.02		$	.73
Weighted average common shares		5,658			5,649			5,661			5,656			5,661			5,656			5,663			5,656
Diluted earnings (loss) per share:
From continuing operations	$	.48		$	.31		$	.92		$	.58		$	.77		$	.70		$	1.02		$	.68
From discontinued operations		—			(.02	)		(.01	)		(.02	)		(.01	)		(.05	)		(.01	)		.04
Diluted earnings per share	$	.48		$	.29		$	.91		$	.56		$	.76		$	.65		$	1.01		$	.72
Weighted average common and common equivalent shares		5,678			5,657			5,663			5,660			5,670			5,661			5,692			5,663

The operating results of WXVT-TV have been reported as discontinued operations for all periods presented.