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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement Abstract        
NET REVENUES $ 122,299 $ 121,641 $ 346,270 $ 340,221
OPERATING EXPENSE:        
Station operating expenses, including non-cash compensation expense 87,853 84,089 256,022 240,442
Depreciation and amortization expense 2,904 2,488 8,068 7,452
Corporate general and administrative expenses, including non-cash compensation expense 9,335 8,797 28,776 24,888
Impairment loss 0 0 441 62
Merger and acquisition costs and restructuring charges 8,825 670 24,925 670
Net time brokerage agreement (income) fees 0 0 34 0
Net (gain) loss on sale or disposal of assets (103) (91) 13,155 (1,310)
Total operating expense 108,814 95,953 331,421 272,204
OPERATING INCOME (LOSS) 13,485 25,688 14,849 68,017
OTHER (INCOME) EXPENSE:        
Net interest expense 6,476 9,014 18,586 27,553
Net (gain) loss on extinguishment of debt     0 0
TOTAL OTHER (INCOME) EXPENSE 0 (2,299) 0 (2,299)
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 7,009 18,973 (3,737) 42,763
INCOME TAXES (BENEFIT) 2,909 7,553 (4,921) 16,097
NET INCOME (LOSS) 4,100 11,420 1,184 26,666
Preferred stock dividend (663) (526) (1,763) (1,351)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 3,437 $ 10,894 $ (579) $ 25,315
NET INCOME (LOSS) PER SHARE - BASIC        
NET INCOME (LOSS) PER SHARE - BASIC $ 0.09 $ 0.28 $ (0.01) $ 0.66
NET INCOME (LOSS) PER SHARE - DILUTED        
NET INCOME (LOSS) PER SHARE - DILUTED 0.09 0.28 (0.01) 0.64
DIVIDENDS DECLARED AND PAID PER COMMON SHARE $ 0.275 $ 0.075 $ 0.425 $ 0.15
WEIGHTED AVERAGE SHARES:        
Basic 38,954,788 38,484,578 38,947,533 38,457,061
Diluted 39,727,976 41,433,200 38,947,533 39,373,988