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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement Abstract        
NET REVENUES $ 120,478 $ 100,592 $ 216,581 $ 179,012
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 82,639 70,000 154,354 129,367
Depreciation and amortization expense 2,517 1,905 4,964 3,860
Corporate general and administrative expenses, including non-cash compensation expense 8,493 6,451 16,091 12,730
Impairment loss 0 0 62 0
Merger and acquisition costs and restructuring charges 0 2,031 0 3,754
Net time brokerage agreement (income) fees 0 0 0 0
Net (gain) loss on sale or disposal of assets (755) (410) (1,219) (567)
Total operating expense 92,894 79,977 174,252 149,144
OPERATING INCOME (LOSS) 27,584 20,615 42,329 29,868
OTHER (INCOME) EXPENSE:        
Net interest expense 9,147 9,313 18,539 18,592
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 9,147 9,313 18,539 18,592
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 18,437 11,302 23,790 11,276
INCOME TAXES (BENEFIT) 7,603 4,555 8,544 4,622
NET INCOME (LOSS) 10,834 6,747 15,246 6,654
Preferred stock dividend (412) 0 (825) 0
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 10,422 $ 6,747 $ 14,421 $ 6,654
NET INCOME (LOSS) PER SHARE - BASIC        
NET INCOME (LOSS) PER SHARE - BASIC $ 0.27 $ 0.18 $ 0.37 $ 0.17
NET INCOME (LOSS) PER SHARE - DILUTED        
NET INCOME (LOSS) PER SHARE - DILUTED 0.26 0.17 0.37 0.17
DIVIDENDS DECLARED AND PAID PER COMMON SHARE $ 0.075 $ 0 $ 0.075 $ 0
WEIGHTED AVERAGE SHARES:        
Basic 38,468,822 38,074,240 38,462,998 38,071,049
Diluted 41,130,418 38,928,610 39,273,532 39,026,880