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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement Abstract        
NET REVENUES $ 124,970 $ 121,571 $ 223,971 $ 218,580
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 91,004 83,732 168,170 156,353
Depreciation and amortization expense 2,517 2,517 5,164 4,964
Corporate general and administrative expenses, including non-cash compensation expense 8,876 8,493 19,441 16,091
Impairment loss 441 0 441 62
Merger and acquisition costs and restructuring charges 5,829 0 16,100 0
Net time brokerage agreement (income) fees 0 0 34 0
Net (gain) loss on sale or disposal of assets (76) (755) 13,258 (1,219)
Total operating expense 108,591 93,987 222,608 176,251
OPERATING INCOME (LOSS) 16,379 27,584 1,363 42,329
OTHER (INCOME) EXPENSE:        
Net interest expense 6,133 9,147 12,110 18,539
Net (gain) loss on extinguishment of debt     0 0
TOTAL OTHER (INCOME) EXPENSE 0 0 0 0
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 10,246 18,437 (10,747) 23,790
INCOME TAXES (BENEFIT) 3,832 7,603 (7,830) 8,544
NET INCOME (LOSS) 6,414 10,834 (2,917) 15,246
Preferred stock dividend (550) (412) (1,100) (825)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 5,864 $ 10,422 $ (4,017) $ 14,421
NET INCOME (LOSS) PER SHARE - BASIC        
NET INCOME (LOSS) PER SHARE - BASIC $ 0.15 $ 0.27 $ (0.1) $ 0.37
NET INCOME (LOSS) PER SHARE - DILUTED        
NET INCOME (LOSS) PER SHARE - DILUTED 0.15 0.26 (0.1) 0.37
DIVIDENDS DECLARED AND PAID PER COMMON SHARE $ 0.075 $ 0.075 $ 0.15 $ 0.075
WEIGHTED AVERAGE SHARES:        
Basic 38,944,620 38,468,822 38,935,161 38,462,998
Diluted 39,655,599 41,130,418 38,935,161 39,273,532