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CONSOLIDATED STATEMENTS OF OPERATIONS - 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 REVENUES $ 120,457 $ 114,662 $ 337,038 $ 293,674
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 82,905 81,241 237,259 210,608
Depreciation and amortization expense 2,488 2,219 7,452 6,079
Corporate general and administrative expenses, including non-cash compensation expense 8,797 6,960 24,888 19,690
Impairment loss 0 0 62 0
Merger and acquisition costs and restructuring charges 670 1,978 670 5,732
Net time brokerage agreement (income) fees 0 (745) 0 (745)
Net (gain) loss on sale or disposal of assets (91) (150) (1,310) (717)
Total operating expense 94,769 91,503 269,021 240,647
OPERATING INCOME (LOSS) 25,688 23,159 68,017 53,027
OTHER (INCOME) EXPENSE:        
Net interest expense 9,014 9,731 27,553 28,323
Net (gain) loss on extinguishment of debt     0 0
TOTAL OTHER (INCOME) EXPENSE (2,299) 0 (2,299) 0
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 18,973 13,428 42,763 24,704
INCOME TAXES (BENEFIT) 7,553 4,986 16,097 9,608
NET INCOME (LOSS) 11,420 8,442 26,666 15,096
Preferred stock dividend (526) (339) (1,351) (339)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 10,894 $ 8,103 $ 25,315 $ 14,757
NET INCOME (LOSS) PER SHARE - BASIC        
NET INCOME (LOSS) PER SHARE - BASIC $ 0.28 $ 0.21 $ 0.66 $ 0.39
NET INCOME (LOSS) PER SHARE - DILUTED        
NET INCOME (LOSS) PER SHARE - DILUTED 0.28 0.21 0.64 0.38
DIVIDENDS DECLARED AND PAID PER COMMON SHARE $ 0.075 $ 0 $ 0.15 $ 0
WEIGHTED AVERAGE SHARES:        
Basic 38,484,578 38,075,922 38,457,061 38,073,525
Diluted 41,433,200 38,912,829 39,373,988 39,006,981