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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net revenue:      
Revenue from advertising and retransmission consent $ 272,091 $ 258,514 $ 243,484
Revenue from spectrum usage rights 263,943   10,650
Total net revenue 536,034 258,514 254,134
Expenses:      
Cost of revenue - television (spectrum usage rights) 12,340    
Cost of revenue - digital media 32,206 9,536 7,242
Direct operating expenses (including related parties of $9,494, $10,302, and $9,306) (including non-cash stock-based compensation of $1,236, $1,330, and $1,931) 119,283 113,439 110,323
Selling, general and administrative expenses 49,116 46,798 42,815
Corporate expenses (including non-cash stock-based compensation of $4,855, $3,705, and $3,309) 27,937 24,543 22,520
Depreciation and amortization (includes direct operating of $8,861, $9,206, and $10,326; selling, general and administrative of $6,347, $4,735, and $4,219; and corporate of $1,203, $1,401 and $1,444) (including related parties of $2,043, $2,320, and $2,321) 16,411 15,342 15,989
Foreign currency (gain) loss 350    
Total expenses 257,643 209,658 198,889
Operating income 278,391 48,856 55,245
Interest expense (16,709) (15,469) (13,047)
Interest income 774 300 45
Other income (loss) 262    
Gain (loss) on debt extinguishment (3,306) (161) (204)
Income (loss) before income taxes 259,412 33,526 42,039
Income tax (expense) benefit (82,809) (13,121) (16,414)
Income (loss) before equity in net income (loss) of 176,603 20,405 25,625
Equity in net income (loss) of nonconsolidated affiliate (310)    
Net income $ 176,293 $ 20,405 $ 25,625
Basic and diluted earnings per share:      
Net income per share, basic $ 1.95 $ 0.23 $ 0.29
Net income per share, diluted 1.92 0.22 0.28
Cash dividends declared per common share, basic 0.16 0.13 0.11
Cash dividends declared per common share, diluted $ 0.16 $ 0.12 $ 0.10
Weighted average common shares outstanding, basic 90,272,257 89,340,589 87,920,230
Weighted average common shares outstanding, diluted 91,891,957 91,303,056 90,295,185