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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statements of Income      
Net Revenues $ 2,032,140 $ 1,787,401 $ 1,568,856
Operating expenses (income):      
Direct advertising expenses (exclusive of depreciation and amortization) 667,288 576,507 557,661
General and administrative expenses (exclusive of depreciation and amortization) 350,623 326,951 287,874
Corporate expenses (exclusive of depreciation and amortization) 102,500 93,577 70,944
Depreciation and amortization 349,449 271,294 251,296
Gain on disposition of assets (15,721) (2,115) (9,026)
Total operating expenses 1,454,139 1,266,214 1,158,749
Operating income 578,001 521,187 410,107
Other expense (income):      
Loss on extinguishment of debt 0 21,604 25,235
Interest income (1,293) (763) (797)
Interest expense 127,510 106,384 137,623
Equity in earnings of investee (4,315) (3,384) 0
Total other expense (income) 121,902 123,841 162,061
Income before income tax expense 456,099 397,346 248,046
Income tax expense (note 12) 17,452 9,256 4,660
Net income 438,647 388,090 243,386
Preferred stock dividends 365 365 365
Net income applicable to common stock $ 438,282 $ 387,725 $ 243,021
Earnings per share:      
Basic earnings per share (in usd per share) $ 4.32 $ 3.83 $ 2.41
Diluted earnings per share (in usd per share) 4.31 3.83 2.41
Cash dividends declared per share of common stock (in usd per share) $ 5.00 $ 4.00 $ 2.50
Weighted average common shares used in computing earnings per share:      
Weighted average number of shares outstanding basic (in shares) 101,527,778 101,133,269 100,756,361
Weighted average common shares outstanding diluted (in shares) 101,634,543 101,349,865 100,902,700
Statements of Comprehensive Income      
Net income $ 438,647 $ 388,090 $ 243,386
Other comprehensive (loss) income, net of tax      
Foreign currency translation adjustments (1,514) (79) 249
Comprehensive income $ 437,133 $ 388,011 $ 243,635