XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net revenue $ 62,274 $ 57,786 $ 176,776 $ 163,823
Expenses:        
Cost of revenue - digital media 1,489   1,489  
Direct operating expenses (including related parties of $2,588, $2,618, $7,824 and $7,560) (including non-cash stock-based compensation of $278, $297, $495 and $776) 26,913 25,860 78,542 76,073
Selling, general and administrative expenses 9,031 8,131 25,910 23,238
Corporate expenses (including non-cash stock-based compensation of $611, $979, $1,697 and $2,742) 4,899 5,011 14,996 14,244
Depreciation and amortization (includes direct operating of $2,585, $2,668, $7,471 and $8,599 selling, general and administrative of $1,020, $723, $2,789 and $2,150 and corporate of $180, $222, $543 and $639 (including related parties of $580, $580, $1,740 and $1,741) 3,785 3,613 10,803 11,388
Total expenses 46,117 42,615 131,740 124,943
Operating income (loss) 16,157 15,171 45,036 38,880
Interest expense (3,501) (5,352) (10,408) (21,017)
Interest income 12 12 37 28
Loss on debt extinguishment   (29,404)   (29,534)
Income (loss) before income taxes 12,668 (19,573) 34,665 (11,643)
Income tax (expense) benefit (4,611) (1,811) (13,485) (5,625)
Net income (loss) $ 8,057 $ (21,384) $ 21,180 $ (17,268)
Basic and diluted earnings per share:        
Net income (loss) per share, basic $ 0.09 $ (0.24) $ 0.24 $ (0.20)
Net income (loss) per share, diluted $ 0.09 $ (0.24) $ 0.23 $ (0.20)
Cash dividends declared per common share $ 0.03   $ 0.08  
Weighted average common shares outstanding, basic 89,179,192 87,959,856 89,048,459 87,170,106
Weighted average common shares outstanding, diluted 91,239,798 87,959,856 91,130,613 87,170,106