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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenue $ 274,417 $ 241,014 $ 786,804 $ 659,881
Expenses:        
Cost of revenue 199,289 157,095 562,881 431,951
Direct operating expenses (including related parties of $1,523, $2,029, $4,487 and $5,357) (including non-cash stock-based compensation of $2,637, $981, $7,218 and $2878) 31,855 30,086 94,782 87,505
Selling, general and administrative expenses 21,954 19,208 68,287 53,022
Corporate expenses (including non-cash stock-based compensation of $4,395, $1,805, $9,835 and $5,117) 13,292 9,525 35,836 26,769
Depreciation and amortization (including related parties of $232, $232, $696 and $695) 7,356 6,554 20,336 19,212
Change in fair value of contingent consideration (5,997) 734 (8,939) 6,810
Impairment charge 989   989  
Foreign currency (gain) loss 548 1,966 289 2,112
Other operating (gain) loss   (58)   (1,011)
Operating income (loss) 5,131 15,904 12,343 33,511
Interest expense (4,454) (3,055) (12,788) (7,225)
Interest income 1,558 788 3,455 1,916
Dividend income   6 32 20
Realized gain (loss) on marketable securities (33) (473) (94) (473)
Gain (loss) on debt extinguishment     (1,556)  
Income (loss) before income taxes 2,202 13,170 1,392 27,749
Income tax benefit (expense) 530 (4,080) 1,038 (8,305)
Net income (loss) 2,732 9,090 2,430 19,444
Net (income) loss attributable to redeemable noncontrolling interest (13)   (1)  
Net (income) loss attributable to noncontrolling interest   303 342 303
Net income (loss) attributable to common stockholders $ 2,719 $ 9,393 $ 2,771 $ 19,747
Basic and diluted earnings per share:        
Net income (loss) per share attributable to common stockholders, basic $ 0.03 $ 0.11 $ 0.03 $ 0.23
Net income (loss) per share attributable to common stockholders, diluted 0.03 0.11 0.03 0.23
Cash dividends declared per common share $ 0.05 $ 0.03 $ 0.15 $ 0.08
Weighted average common shares outstanding, basic 87,995,567 84,945,873 87,803,770 85,469,675
Weighted average common shares outstanding, diluted 89,888,721 87,417,501 89,835,363 87,671,726