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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statements of Income    
Net revenues $ 451,388 $ 370,881
Operating expenses (income)    
Direct advertising expenses (exclusive of depreciation and amortization) 157,772 131,215
General and administrative expenses (exclusive of depreciation and amortization) 83,084 72,649
Corporate expenses (exclusive of depreciation and amortization) 22,012 17,760
Depreciation and amortization 68,627 60,749
Gain on disposition of assets (563) (415)
Total operating expenses 330,932 281,958
Operating income 120,456 88,923
Other expense (income)    
Loss on extinguishment of debt 0 21,604
Interest income (215) (174)
Interest expense 26,786 28,154
Equity in earnings of investee (746) 0
Total other expense (income) 25,825 49,584
Income before income tax expense 94,631 39,339
Income tax expense 2,480 1,010
Net income 92,151 38,329
Cash dividends declared and paid on preferred stock 91 91
Net income applicable to common stock $ 92,060 $ 38,238
Earnings per share:    
Basic earnings per share (in dollars per share) $ 0.91 $ 0.38
Diluted earnings per share (in dollars per share) 0.91 0.38
Cash dividends declared per share of common stock (in dollars per share) $ 1.10 $ 0.75
Weighted average common shares used in computing earnings per share:    
Weighted average common shares outstanding basic (in shares) 101,339,558 100,967,861
Weighted average common shares outstanding diluted (in shares) 101,540,213 101,138,042
Statements of Comprehensive Income    
Net income $ 92,151 $ 38,329
Other comprehensive income    
Foreign currency translation adjustments 314 204
Comprehensive income $ 92,465 $ 38,533