XML 37 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Condensed Consolidated Statements of Operations [Abstract]        
Revenue $ 39,895 $ 39,700 $ 116,097 $ 117,602
Operating expenses        
Direct operating costs 16,386 17,704 48,974 52,595
Selling, general and administrative expenses 15,939 12,642 45,574 40,809
Amortization of broadcast rights 2,479 2,449 7,372 8,324
Depreciation and amortization 1,736 2,697 5,241 8,027
Gain on sale of real estate, net       (164) (4,089)
Plaza fire reimbursements, net    (40)    (223)
Total operating expenses 36,540 35,452 106,997 105,443
Income from continuing operations 3,355 4,248 9,100 12,159
Loss on extinguishment of senior notes, net   (298) (1,482) (1,356)
Other income, net 49 34 143 214
Interest expense (16) (1,572) (292) (5,697)
Income from continuing operations before income taxes 3,388 2,412 7,469 5,320
Provision for income taxes 1,188 893 2,851 1,978
Income from continuing operations, net of income taxes 2,200 1,519 4,618 3,342
Loss from discontinued operations, net of income taxes   (75)   (9)
Net Income $ 2,200 $ 1,444 $ 4,618 $ 3,333
Net income (loss) per share:        
From continuing operations $ 0.25 $ 0.17 $ 0.52 $ 0.38
From discontinued operations   $ (0.01)     
Net income per share $ 0.25 $ 0.16 $ 0.52 $ 0.38
Net income (loss) per share assuming dilution:        
From continuing operations $ 0.25 $ 0.17 $ 0.52 $ 0.38
From discontinued operations   $ (0.01)   $ (0.01)
Net income per share $ 0.25 $ 0.16 $ 0.52 $ 0.37
Weighted average shares outstanding 8,878 8,836 8,866 8,827
Weighted average shares outstanding assuming dilution 8,958 8,900 8,949 8,898
Dividends declared per share $ 10.00   $ 10.00