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Quarterly Results of Operations (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly financial information
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except per share data)
 
Net operating revenue
 
$
29,423
 
$
28,957
 
$
33,831
 
$
33,832
 
$
34,373
 
$
32,929
 
$
36,371
 
$
33,760
 
Station operating expenses
 
 
22,947
 
 
22,088
 
 
23,499
 
 
23,493
 
 
26,366
 
 
23,598
 
 
25,612
 
 
23,798
 
Corporate G&A
 
 
2,153
 
 
1,948
 
 
2,120
 
 
1,982
 
 
2,307
 
 
2,051
 
 
2,321
 
 
2,191
 
Other operating (income) expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1,210)
 
 
 
Impairment of intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,936
 
 
2,033
 
Operating income from continuing operations
 
 
4,323
 
 
4,921
 
 
8,212
 
 
8,357
 
 
5,700
 
 
7,280
 
 
7,712
 
 
5,738
 
Other (income) expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
272
 
 
358
 
 
272
 
 
357
 
 
268
 
 
308
 
 
252
 
 
282
 
Other
 
 
(15)
 
 
25
 
 
(30)
 
 
66
 
 
7
 
 
(144)
 
 
(33)
 
 
2
 
Income from continuing operations before tax
 
 
4,066
 
 
4,538
 
 
7,970
 
 
7,934
 
 
5,425
 
 
7,116
 
 
7,493
 
 
5,454
 
Income tax provision
 
 
1,627
 
 
1,812
 
 
3,193
 
 
3,130
 
 
2,180
 
 
2,820
 
 
3,050
 
 
2,230
 
Income from continuing operations, net of tax
 
 
2,439
 
 
2,726
 
 
4,777
 
 
4,804
 
 
3,245
 
 
4,296
 
 
4,443
 
 
3,224
 
Income (loss) from discontinued operations, net of tax
 
 
 
 
223
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
2,439
 
$
2,949
 
$
4,777
 
$
4,804
 
$
3,245
 
$
4,296
 
$
4,443
 
$
3,224
 
Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
From continuing operations
 
$
.43
 
$
.48
 
$
.83
 
$
.85
 
$
.56
 
$
.76
 
$
.77
 
$
.56
 
From discontinued operations
 
 
 
 
.04
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share
 
$
.43
 
$
.52
 
$
.83
 
$
.85
 
$
.56
 
$
.76
 
$
.77
 
$
.56
 
Weighted average common shares
 
 
5,690
 
 
5,673
 
 
5,699
 
 
5,683
 
 
5,699
 
 
5,686
 
 
5,709
 
 
5,686
 
Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
From continuing operations
 
$
.42
 
$
.47
 
$
.82
 
$
.84
 
$
.56
 
$
.75
 
$
.76
 
$
.56
 
From discontinued operations
 
 
 
 
.04
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
$
.42
 
$
.51
 
$
.82
 
$
.84
 
$
.56
 
$
.75
 
$
.76
 
$
.56
 
Weighted average common and common equivalent shares
 
 
5,757
 
 
5,738
 
 
5,754
 
 
5,745
 
 
5,742
 
 
5,754
 
 
5,757
 
 
5,751