Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Income Statement [Abstract] |
|
|
|
|
| Net revenue |
$ 65,281
|
$ 69,261
|
$ 188,223
|
$ 188,702
|
| Expenses: |
|
|
|
|
| Cost of revenue - digital media |
2,281
|
1,881
|
6,493
|
4,633
|
| Direct operating expenses (including related parties of $2,580, $2,369, $7,427 and $6,791) (including non-cash stock-based compensation of $79, $274, $700 and $980) |
28,238
|
27,624
|
84,341
|
81,353
|
| Selling, general and administrative expenses |
11,949
|
11,180
|
34,794
|
32,165
|
| Corporate expenses (including non-cash stock-based compensation of $665, $603, $1,934 and $1,704) |
5,728
|
5,535
|
16,625
|
15,578
|
| Depreciation and amortization (includes direct operating of $2,240, $2,618, $6,989 and $7,736; selling, general and administrative of $1,234, $1,041, $3,663 and $3,146 and corporate of $338, $371, $1,072 and $1,068) (including related parties of $580, $580, $1,740 and $1,741) |
3,812
|
4,030
|
11,724
|
11,950
|
| Total expenses |
52,008
|
50,250
|
153,977
|
145,679
|
| Operating income |
13,273
|
19,011
|
34,246
|
43,023
|
| Interest expense |
(3,894)
|
(3,286)
|
(11,619)
|
(9,769)
|
| Interest income |
71
|
12
|
196
|
31
|
| Income before income taxes |
9,450
|
15,737
|
22,823
|
33,285
|
| Income tax expense |
(4,035)
|
(6,444)
|
(9,421)
|
(13,467)
|
| Net income |
$ 5,415
|
$ 9,293
|
$ 13,402
|
$ 19,818
|
| Basic and diluted earnings per share: |
|
|
|
|
| Net income per share, basic |
$ 0.06
|
$ 0.11
|
$ 0.15
|
$ 0.23
|
| Net income per share, diluted |
0.06
|
0.10
|
0.15
|
0.22
|
| Cash dividends declared per common share |
$ 0.03
|
$ 0.03
|
$ 0.09
|
$ 0.08
|
| Weighted average common shares outstanding, basic |
89,590,135
|
88,090,143
|
89,208,732
|
87,820,029
|
| Weighted average common shares outstanding, diluted |
91,489,975
|
90,423,333
|
91,188,958
|
90,202,389
|