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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net revenue $ 65,281 $ 69,261 $ 188,223 $ 188,702
Expenses:        
Cost of revenue - digital media 2,281 1,881 6,493 4,633
Direct operating expenses (including related parties of $2,580, $2,369, $7,427 and $6,791) (including non-cash stock-based compensation of $79, $274, $700 and $980) 28,238 27,624 84,341 81,353
Selling, general and administrative expenses 11,949 11,180 34,794 32,165
Corporate expenses (including non-cash stock-based compensation of $665, $603, $1,934 and $1,704) 5,728 5,535 16,625 15,578
Depreciation and amortization (includes direct operating of $2,240, $2,618, $6,989 and $7,736; selling, general and administrative of $1,234, $1,041, $3,663 and $3,146 and corporate of $338, $371, $1,072 and $1,068) (including related parties of $580, $580, $1,740 and $1,741) 3,812 4,030 11,724 11,950
Total expenses 52,008 50,250 153,977 145,679
Operating income 13,273 19,011 34,246 43,023
Interest expense (3,894) (3,286) (11,619) (9,769)
Interest income 71 12 196 31
Income before income taxes 9,450 15,737 22,823 33,285
Income tax expense (4,035) (6,444) (9,421) (13,467)
Net income $ 5,415 $ 9,293 $ 13,402 $ 19,818
Basic and diluted earnings per share:        
Net income per share, basic $ 0.06 $ 0.11 $ 0.15 $ 0.23
Net income per share, diluted 0.06 0.10 0.15 0.22
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.09 $ 0.08
Weighted average common shares outstanding, basic 89,590,135 88,090,143 89,208,732 87,820,029
Weighted average common shares outstanding, diluted 91,489,975 90,423,333 91,188,958 90,202,389