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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net Revenue $ 199,008 $ 62,978 $ 526,298 $ 172,343
Expenses:        
Direct operating expenses (including related parties of $2,121, $2,263, $6,010 and $5,868) (including non-cash stock-based compensation of $321, $148, $971 and $383) 28,583 24,178 83,480 72,997
Selling, general and administrative expenses 14,530 9,883 41,489 34,371
Corporate expenses (including non-cash stock-based compensation of $773, $668, $2,329 and $2,025) 7,253 6,287 21,756 18,511
Depreciation and amortization (includes direct operating of $2,591, $2,753, $10,220 and $8,684; selling, general and administrative of $3,214, $1,001, $5,538 and $3,101; and corporate of $96, $180, $401 and $534) (including related parties of $306, $306, $921 and $920) 5,901 3,934 16,159 12,319
Impairment charge 166   1,604 39,835
Foreign currency (gain) loss 177 (680) 454 673
Other operating (gain) loss (2,431) (2,683) (4,867) (5,549)
Operating income (loss) 20,497 14,251 48,105 (22,416)
Interest expense (1,714) (1,969) (5,287) (6,673)
Interest income 12 467 235 1,630
Dividend income 207 3 211 26
Income (loss) before income taxes 19,002 12,752 43,264 (27,433)
Income tax benefit (expense) (5,118) (3,736) (11,902) 3,195
Net income (loss) 13,884 9,016 31,362 (24,238)
Net (income) loss attributable to redeemable noncontrolling interest (1,753)   (5,938)  
Net income (loss) attributable to common stockholders $ 12,131 $ 9,016 $ 25,424 $ (24,238)
Basic and diluted earnings per share:        
Net income (loss) per share attributable to common stockholders, basic $ 0.14 $ 0.11 $ 0.30 $ (0.29)
Net income (loss) per share attributable to common stockholders, diluted 0.14 0.11 0.29 (0.29)
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.08 $ 0.10
Weighted average common shares outstanding, basic 85,390,333 84,185,728 85,207,992 84,208,924
Weighted average common shares outstanding, diluted 88,315,732 84,863,020 87,694,395 84,208,924
Digital        
Expenses:        
Cost of revenue $ 124,332 $ 7,808 $ 318,118 $ 21,602
Direct operating expenses (including related parties of $2,121, $2,263, $6,010 and $5,868) (including non-cash stock-based compensation of $321, $148, $971 and $383) 6,234 2,968 17,373 9,104
Selling, general and administrative expenses 6,953 2,415 18,691 9,299
Depreciation and amortization (includes direct operating of $2,591, $2,753, $10,220 and $8,684; selling, general and administrative of $3,214, $1,001, $5,538 and $3,101; and corporate of $96, $180, $401 and $534) (including related parties of $306, $306, $921 and $920) $ 2,479 $ 112 $ 5,673 $ 1,262