XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net Revenue $ 178,410 $ 45,116 $ 327,290 $ 109,365
Expenses:        
Direct operating expenses (including related parties of $1,952, $1,386, $3,889 and $3,605) (including non-cash stock-based compensation of $334, $104, $650 and $235) 28,336 22,140 54,897 48,819
Selling, general and administrative expenses 13,106 10,897 26,959 24,488
Corporate expenses (including non-cash stock-based compensation of $801, $699, $1,556 and $1,357) 7,345 5,384 14,503 12,224
Depreciation and amortization (includes direct operating of $3,787, $2,800, $7,629 and $5,931; selling, general and administrative of $1,170, $891, $2,324 and $2,099; and corporate of $117, $182, $305 and $355) (including related parties of $308, $307, $615 and $614) 5,074 3,873 10,258 8,385
Impairment charge 112   1,438 39,835
Foreign currency (gain) loss (309) (155) 277 1,353
Other operating (gain) loss (523) (2,030) (2,436) (2,866)
Operating income (loss) 16,239 (1,440) 27,608 (36,667)
Interest expense (1,856) (2,024) (3,573) (4,704)
Interest income 83 539 223 1,162
Dividend income 2   4 24
Income (loss) before income taxes 14,468 (2,925) 24,262 (40,185)
Income tax benefit (expense) (3,992) 5,263 (6,784) 6,931
Net income (loss) 10,476 2,338 17,478 (33,254)
Net (income) loss attributable to redeemable noncontrolling interest (2,612)   (4,185)  
Net income (loss) attributable to common stockholders $ 7,864 $ 2,338 $ 13,293 $ (33,254)
Basic and diluted earnings per share:        
Net income (loss) per share attributable to common stockholders, basic $ 0.09 $ 0.03 $ 0.16 $ (0.39)
Net income (loss) per share attributable to common stockholders, diluted 0.09 0.03 0.15 (0.39)
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.05 $ 0.08
Weighted average common shares outstanding, basic 85,188,182 84,123,530 85,115,310 84,220,649
Weighted average common shares outstanding, diluted 87,777,039 84,669,250 87,382,215 84,220,649
Digital        
Expenses:        
Cost of revenue $ 109,030 $ 6,447 $ 193,786 $ 13,794
Direct operating expenses (including related parties of $1,952, $1,386, $3,889 and $3,605) (including non-cash stock-based compensation of $334, $104, $650 and $235) 6,238 2,943 11,139 6,136
Selling, general and administrative expenses 5,789 $ 3,213 11,738 6,884
Depreciation and amortization (includes direct operating of $3,787, $2,800, $7,629 and $5,931; selling, general and administrative of $1,170, $891, $2,324 and $2,099; and corporate of $117, $182, $305 and $355) (including related parties of $308, $307, $615 and $614) $ 1,613   $ 3,194 $ 1,150