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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net revenue $ 241,014 $ 199,008 $ 659,881 $ 526,298
Expenses:        
Cost of revenue 157,095 124,332 431,951 318,118
Direct operating expenses (including related parties of $2,029, $2,121, $5,357 and $6,010) (including non-cash stock-based compensation of $981, $321, $2,878 and $971) 30,086 28,583 87,505 83,480
Selling, general and administrative expenses 19,208 14,530 53,022 41,489
Corporate expenses (including non-cash stock-based compensation of $1,805, $773, $5,117 and $2,329) 9,525 7,253 26,769 21,756
Depreciation and amortization (includes direct operating of $4,300, $2,591, $12,937 and $10,220; selling, general and administrative of $2,205, $3,214, $6,091 and $5,538; and corporate of $49, $96, $184 and $401) (including related parties of $232, $306, $695 and $921) 6,554 5,901 19,212 16,159
Change in fair value of contingent consideration 734   6,810  
Impairment charge   166   1,604
Foreign currency (gain) loss 1,966 177 2,112 454
Other operating (gain) loss (58) (2,431) (1,011) (4,867)
Operating income (loss) 15,904 20,497 33,511 48,105
Interest expense (3,055) (1,714) (7,225) (5,287)
Interest income 788 12 1,916 235
Dividend income 6 207 20 211
Realized gain (loss) on marketable securities (473)   (473)  
Income (loss) before income taxes 13,170 19,002 27,749 43,264
Income tax benefit (expense) (4,080) (5,118) (8,305) (11,902)
Net income (loss) 9,090 13,884 19,444 31,362
Net (income) loss attributable to redeemable noncontrolling interest   (1,753)   (5,938)
Net (income) loss attributable to noncontrolling interest 303   303  
Net income (loss) attributable to common stockholders $ 9,393 $ 12,131 $ 19,747 $ 25,424
Basic and diluted earnings per share:        
Net income (loss) per share attributable to common stockholders, basic $ 0.11 $ 0.14 $ 0.23 $ 0.30
Net income (loss) per share attributable to common stockholders, diluted 0.11 0.14 0.23 0.29
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.08 $ 0.08
Weighted average common shares outstanding, basic 84,945,873 85,390,333 85,469,675 85,207,992
Weighted average common shares outstanding, diluted 87,417,501 88,315,732 87,671,726 87,694,395