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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net revenue $ 69,261 $ 62,274 $ 188,702 $ 176,776
Expenses:        
Cost of revenue - digital media 1,881 1,489 4,633 1,489
Direct operating expenses (including related parties of $2,369, $2,588, $6,791 and $7,824) (including non-cash stock-based compensation of $274, $278, $980 and $495) 27,624 26,307 81,353 76,732
Selling, general and administrative expenses 11,180 9,637 32,165 27,720
Corporate expenses (including non-cash stock-based compensation of $603, $611, $1,704 and $1,697) 5,535 4,899 15,578 14,996
Depreciation and amortization (includes direct operating of $2,618, $2,585, $7,736 and $7,471 selling, general and administrative of $1,041, $1,020, $3,146 and $2,789 and corporate of $371, $180, $1,068 and $543) (including related parties of $580, $580, $1,741 and $1,740) 4,030 3,785 11,950 10,803
Total expenses 50,250 46,117 145,679 131,740
Operating income (loss) 19,011 16,157 43,023 45,036
Interest expense (3,286) (3,501) (9,769) (10,408)
Interest income 12 12 31 37
Income (loss) before income taxes 15,737 12,668 33,285 34,665
Income tax (expense) benefit (6,444) (4,611) (13,467) (13,485)
Net income (loss) $ 9,293 $ 8,057 $ 19,818 $ 21,180
Basic and diluted earnings per share:        
Net income (loss) per share, basic $ 0.11 $ 0.09 $ 0.23 $ 0.24
Net income (loss) per share, diluted 0.10 0.09 0.22 0.23
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.08 $ 0.08
Weighted average common shares outstanding, basic 88,090,143 89,179,192 87,820,029 89,048,459
Weighted average common shares outstanding, diluted 90,423,333 91,239,798 90,202,389 91,130,613