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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement Abstract        
NET REVENUES $ 114,662 $ 99,840 $ 293,674 $ 278,276
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 81,241 69,490 210,608 195,672
Depreciation and amortization expense 2,219 1,956 6,079 5,797
Corporate general and administrative expenses, including non-cash compensation expense 6,960 7,319 19,690 20,094
Impairment loss 0 0 0 0
Merger and acquisition costs and restructuring charges 1,978 0 5,732 0
Net time brokerage agreement (income) fees (745) 0 (745) 0
Net (gain) loss on sale or disposal of assets (150) (130) (717) (332)
Total operating expense 91,503 78,635 240,647 221,231
OPERATING INCOME (LOSS) 23,159 21,205 53,027 57,045
OTHER (INCOME) EXPENSE:        
Net interest expense 9,731 9,752 28,323 29,467
Net (gain) loss on extinguishment of debt 0 0 0 0
Net (gain) loss on derivative instruments 0 0 0 0
Net (gain) loss on investments 0 0 0 0
Other income 0 0 0 0
TOTAL OTHER EXPENSE 9,731 9,752 28,323 29,467
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 13,428 11,453 24,704 27,578
INCOME TAXES (BENEFIT) 4,986 4,980 9,608 11,605
NET INCOME (LOSS) 8,442 6,473 15,096 15,973
Preferred stock dividend (339) 0 (339) 0
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 8,103 $ 6,473 $ 14,757 $ 15,973
NET INCOME (LOSS) PER SHARE - BASIC        
NET INCOME (LOSS) PER SHARE - BASIC $ 0.21 $ 0.17 $ 0.39 $ 0.42
NET INCOME (LOSS) PER SHARE - DILUTED        
NET INCOME (LOSS) PER SHARE - DILUTED $ 0.21 $ 0.17 $ 0.38 $ 0.41
WEIGHTED AVERAGE SHARES:        
Basic 38,075,922 37,692,848 38,073,525 37,685,754
Diluted 38,912,829 38,482,073 39,006,981 38,522,122