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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net revenue $ 221,695 $ 178,410 $ 418,867 $ 327,290
Expenses:        
Cost of revenue 144,965 109,030 274,856 193,786
Direct operating expenses (including related parties of $1,752, $1,952, $3,328 and $3,889) (including non-cash stock-based compensation of $939, $334, $1,897 and $650) 29,596 28,336 57,419 54,897
Selling, general and administrative expenses 17,775 13,106 33,814 26,959
Corporate expenses (including non-cash stock-based compensation of $1,697, $801, $3,312 and $1,556) 8,520 7,345 17,244 14,503
Depreciation and amortization (includes direct operating of $4,287, $3,787, $8,637 and $7,629; selling, general and administrative of $1,920, $1,170, $3,887 and $2,324; and corporate of $56, $117, $134 and $305) (including related parties of $232, $308, $463 and $615) 6,263 5,074 12,658 10,258
Change in fair value of contingent consideration 976   6,076  
Impairment charge   112   1,438
Foreign currency (gain) loss 993 (309) 146 277
Other operating (gain) loss (834) (523) (953) (2,436)
Operating income (loss) 13,441 16,239 17,607 27,608
Interest expense (2,334) (1,856) (4,170) (3,573)
Interest income 722 83 1,128 223
Dividend income 11 2 14 4
Income (loss) before income taxes 11,840 14,468 14,579 24,262
Income tax benefit (expense) (3,373) (3,992) (4,225) (6,784)
Net income (loss) 8,467 10,476 10,354 17,478
Net (income) loss attributable to redeemable noncontrolling interest   (2,612)   (4,185)
Net income (loss) attributable to common stockholders $ 8,467 $ 7,864 $ 10,354 $ 13,293
Basic and diluted earnings per share:        
Net income (loss) per share attributable to common stockholders, basic $ 0.10 $ 0.09 $ 0.12 $ 0.16
Net income (loss) per share attributable to common stockholders, diluted 0.10 0.09 0.12 0.15
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.05 $ 0.05
Weighted average common shares outstanding, basic 84,959,130 85,188,182 85,735,916 85,115,310
Weighted average common shares outstanding, diluted 86,985,817 87,777,039 87,803,178 87,382,215