XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
NET REVENUES $ 275,295 $ 240,764
OPERATING EXPENSE:    
Station operating expenses 227,045 212,495
Depreciation and amortization expense 13,539 11,592
Corporate general and administrative expenses 25,911 23,580
Restructuring charges 886 185
Impairment loss 1,521 644
Refinancing expenses 0 473
Net (gain) loss on sale or disposal (2,458) 0
Other expenses 350 14
Total operating expense 266,794 248,983
OPERATING INCOME (LOSS) 8,501 (8,219)
NET INTEREST EXPENSE 23,471 21,160
Net (gain) loss on extinguishment of debt 0 8,168
OTHER (INCOME) EXPENSE 0 8,168
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) (14,970) (37,547)
INCOME TAX (BENEFIT) EXPENSE (3,897) (15,899)
NET INCOME (LOSS) $ (11,073) $ (21,648)
NET INCOME (LOSS) PER SHARE - BASIC (in dollars per share) $ (0.08) $ (0.16)
NET INCOME (LOSS) PER SHARE - DILUTED (in dollars per share) $ (0.08) $ (0.16)
WEIGHTED AVERAGE SHARES:    
Basic (in shares) 138,122,432 135,379,321
Diluted (in shares) 138,122,432 135,379,321