Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Separate Financial Data for Each of Company's Operating Segment

Separate financial data for each of the Company’s operating segments are provided below. Segment operating profit (loss) is defined as operating profit (loss) before corporate expenses and foreign currency (gain) loss. The Company generated 20% and 15% of its revenue outside the United States during the three-month periods ended June 30, 2018 and 2017, respectively. The Company generated 19% and 15% of its revenue outside the United States during the six-month periods ended June 30, 2018 and 2017, respectively. The Company evaluates the performance of its operating segments based on the following (in thousands):

	Three-Month Period									Six-Month Period
	Ended June 30,						%			Ended June 30,						%
	2018			2017			Change			2018			2017			Change
Net revenue
Television	$	36,531		$	37,764			(3	)%	$	71,022		$	75,474			(6	)%
Radio		17,240			17,163			0	%		31,343			32,882			(5	)%
Digital		20,558			15,582			32	%		38,802			19,663			97	%
Consolidated		74,329			70,509			5	%		141,167			128,019			10	%
Cost of revenue - digital		11,384			8,762			30	%		22,009			10,514			109	%
Direct operating expenses
Television		15,038			14,873			1	%		30,588			29,627			3	%
Radio		10,935			11,039			(1	)%		21,609			22,056			(2	)%
Digital		5,144			4,003			29	%		9,953			5,324			87	%
Consolidated		31,117			29,915			4	%		62,150			57,007			9	%
Selling, general and administrative expenses
Television		5,551			5,277			5	%		11,523			10,728			7	%
Radio		4,502			4,581			(2	)%		9,108			9,285			(2	)%
Digital		2,620			2,172			21	%		5,336			3,217			66	%
Consolidated		12,673			12,030			5	%		25,967			23,230			12	%
Depreciation and amortization
Television		2,277			2,500			(9	)%		4,481			4,963			(10	)%
Radio		621			662			(6	)%		1,240			1,388			(11	)%
Digital		1,121			1,415			(21	)%		2,237			1,772			26	%
Consolidated		4,019			4,577			(12	)%		7,958			8,123			(2	)%
Segment operating profit (loss)
Television		13,665			15,114			(10	)%		24,430			30,156			(19	)%
Radio		1,182			881			34	%		(614	)		153			(501	)%
Digital		289			(770	)		(138	)%		(733	)		(1,164	)		-37	%
Consolidated		15,136			15,225			(1	)%		23,083			29,145			(21	)%
Corporate expenses		6,266			5,619			12	%		12,241			11,486			7	%
Change in fair value of contingent consideration		(913	)		-		*				1,187			-		*
Foreign currency (gain) loss		(17	)		351		*				196			351			(44	)%
Operating income (loss)		9,800			9,255			6	%		9,459			17,308			(45	)%
Interest expense	$	(4,001	)	$	(3,683	)		9	%	$	(7,399	)	$	(7,328	)		1	%
Interest income		1,039			110			845	%		1,952			219			791	%
Dividend income		417			-		*				545			-		*
Other income (loss)		273			-		*				295			-		*
Income (loss) before income taxes		7,528			5,682			32	%		4,852			10,199			(52	)%
Capital expenditures
Television	$	1,942		$	4,985					$	4,023		$	5,952
Radio		81			575						162			843
Digital		181			4						247			13
Consolidated	$	2,204		$	5,564					$	4,432		$	6,808
	June 30,			December 31,
Total assets	2018			2017
Television		535,660			556,942
Radio		123,901			126,248
Digital		88,986			82,777
Consolidated	$	748,547		$	765,967

* Percentage not meaningful.