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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net revenue $ 273,381 $ 221,695 $ 512,387 $ 418,867
Expenses:        
Cost of revenue 195,836 144,965 363,592 274,856
Direct operating expenses (including related parties of $1,543, $1,752, $2,964 and $3,328) (including non-cash stock-based compensation of $2,725, $939, $4,581 and $1,897) 33,065 29,596 62,927 57,419
Selling, general and administrative expenses 23,565 17,775 46,333 33,814
Corporate expenses (including non-cash stock-based compensation of $3,243, $1,697, $5,440 and $3,312) 12,042 8,520 22,544 17,244
Depreciation and amortization (including related parties of $232, $232, $464 and $463) 6,509 6,263 12,980 12,658
Change in fair value of contingent consideration 1,123 976 (2,942) 6,076
Foreign currency (gain) loss 697 993 (259) 146
Other operating (gain) loss   (834)   (953)
Operating income (loss) 544 13,441 7,212 17,607
Interest expense (4,306) (2,334) (8,334) (4,170)
Interest income 1,037 722 1,897 1,128
Dividend income 14 11 32 14
Realized gain (loss) on marketable securities (29)   (61)  
Gain (loss) on debt extinguishment     (1,556)  
Income (loss) before income taxes (2,740) 11,840 (810) 14,579
Income tax benefit (expense) 739 (3,373) 508 (4,225)
Net income (loss) (2,001) 8,467 (302) 10,354
Net (income) loss attributable to redeemable noncontrolling interest 12   12  
Net (income) loss attributable to noncontrolling interest     342  
Net income (loss) attributable to common stockholders $ (1,989) $ 8,467 $ 52 $ 10,354
Basic and diluted earnings per share:        
Net income (loss) per share attributable to common stockholders, basic $ (0.02) $ 0.1 $ 0 $ 0.12
Net income (loss) per share attributable to common stockholders, diluted (0.02) 0.1 0 0.12
Cash dividends declared per common share $ 0.05 $ 0.03 $ 0.1 $ 0.05
Weighted average common shares outstanding, basic 87,787,772 84,959,130 87,706,282 85,735,916
Weighted average common shares outstanding, diluted 87,787,772 86,985,817 89,807,095 87,803,178