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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net revenue $ 64,829 $ 59,891 $ 122,942 $ 119,441
Expenses:        
Cost of revenue - digital media 2,373 1,392 4,212 2,752
Direct operating expenses (including related parties of $2,536, $2,255, $4,847 and $4,422) (including non-cash stock-based compensation of $300, $348, $621 and $706) 28,538 27,044 56,103 53,729
Selling, general and administrative expenses 11,410 10,484 22,845 20,985
Corporate expenses (including non-cash stock-based compensation of $644, $592, $1,269 and $1,101) 5,293 5,050 10,897 10,043
Depreciation and amortization (includes direct operating of $2,294, $2,555, $4,749 and $5,118; selling, general and administrative of $1,230, $1,046, $2,429 and $2,105 and corporate of $361, $357, $734 and $697) (including related parties of $580, $580, $1,160 and $1,161) 3,885 3,958 7,912 7,920
Total expenses 51,499 47,928 101,969 95,429
Operating income 13,330 11,963 20,973 24,012
Interest expense (3,859) (3,256) (7,725) (6,483)
Interest income 118 11 125 19
Income before income taxes 9,589 8,718 13,373 17,548
Income tax (expense) benefit (3,872) (3,477) (5,386) (7,023)
Net income $ 5,717 $ 5,241 $ 7,987 $ 10,525
Basic and diluted earnings per share:        
Net income per share, basic and diluted $ 0.06 $ 0.06 $ 0.09 $ 0.12
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.06 $ 0.05
Weighted average common shares outstanding, basic 89,134,412 87,832,430 89,015,934 87,682,734
Weighted average common shares outstanding, diluted 91,140,596 90,091,735 91,036,353 90,089,679