XML 29 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net revenue $ 59,891 $ 61,846 $ 119,441 $ 114,502
Expenses:        
Cost of revenue - digital media 1,392   2,752  
Direct operating expenses (including related parties of $2,255, $2,944, $4,422 and $5,236) (including non-cash stock-based compensation of $348, $127, $706 and $217) 27,044 26,104 53,729 50,425
Selling, general and administrative expenses 10,484 8,897 20,985 18,083
Corporate expenses (including non-cash stock-based compensation of $592, $468, $1,101 and $1,086) 5,050 5,261 10,043 10,097
Depreciation and amortization (includes direct operating of $2,555, $2,415, $5,118 and $4,886 selling, general and administrative of $1,046, $907, $2,105 and $1,769 and corporate of $357, $181, $697 and $363) (including related parties of $580, $579, $1,161 and $1,160) 3,958 3,503 7,920 7,018
Total expenses 47,928 43,765 95,429 85,623
Operating income (loss) 11,963 18,081 24,012 28,879
Interest expense (3,256) (3,469) (6,483) (6,907)
Interest income 11 13 19 25
Income (loss) before income taxes 8,718 14,625 17,548 21,997
Income tax (expense) benefit (3,477) (5,890) (7,023) (8,874)
Net income (loss) $ 5,241 $ 8,735 $ 10,525 $ 13,123
Basic and diluted earnings per share:        
Net income (loss) per share, basic $ 0.06 $ 0.10 $ 0.12 $ 0.15
Net income (loss) per share, diluted 0.06 0.10 0.12 0.14
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.05 $ 0.05
Weighted average common shares outstanding, basic 87,832,430 89,276,794 87,682,734 88,982,009
Weighted average common shares outstanding, diluted 90,091,735 91,202,732 90,089,679 91,074,937