XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
NET REVENUES $ 316,969 $ 329,443 $ 911,703 $ 874,672
OPERATING EXPENSE:        
Station operating expenses 260,031 260,972 746,936 718,924
Depreciation and amortization expense 18,345 12,477 47,455 38,690
Corporate general and administrative expenses 21,160 24,176 72,774 71,470
Restructuring charges 4,216 2,300 6,118 4,219
Impairment loss 176,784 26 180,075 1,371
Refinancing expenses 0 0 0 473
Net gain on sale or disposal (10,665) (4) (13,228) (3,731)
Change in fair value of contingent consideration (1,098) 0 (8,802) 0
Other expenses 72 245 474 566
Total operating expense 468,845 300,192 1,031,802 831,982
OPERATING INCOME (LOSS) (151,876) 29,251 (120,099) 42,690
NET INTEREST EXPENSE 28,113 22,771 76,113 66,484
Net loss on extinguishment of debt 0 0 0 8,168
Other income 0 0 (238) (446)
OTHER (INCOME) EXPENSE 0 0 (238) 7,722
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) (179,989) 6,480 (195,974) (31,516)
INCOME TAX (BENEFIT) EXPENSE (39,014) 11,241 (43,153) (6,534)
NET LOSS $ (140,975) $ (4,761) $ (152,821) $ (24,982)
NET LOSS PER SHARE - BASIC (in dollars per share) $ (1.01) $ (0.04) $ (1.10) $ (0.18)
NET LOSS PER SHARE - DILUTED (in dollars per share) $ (1.01) $ (0.04) $ (1.10) $ (0.18)
WEIGHTED AVERAGE SHARES:        
Basic (in shares) 139,361,261 135,893,823 139,246,393 135,857,127
Diluted (in shares) 139,361,261 135,893,823 139,246,393 135,857,127