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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net revenue:      
Total net revenue $ 273,575 $ 297,815 $ 536,034
Expenses:      
Direct operating expenses (including related parties of $8,194, $9,254, and $9,494) (including non-cash stock-based compensation of $732, $732, and $1,236) 119,412 125,242 119,283
Selling, general and administrative expenses 53,965 51,535 49,116
Corporate expenses (including non-cash stock-based compensation of $3,645, $5,055, and $4,855) 28,067 26,865 27,937
Depreciation and amortization (includes direct operating of $11,294, $10,272, and $8,861; selling, general and administrative of $4,696, $5,450, and $6,347; and corporate of $658, $551 and $1,203) (including related parties of $1,229, $1,228, and $2,043) 16,648 16,273 16,411
Change in fair value of contingent consideration (6,478) (1,202)  
Impairment charge 32,097    
Foreign currency (gain) loss 754 1,616 350
Other operating (gain) loss (5,994) (1,187) (262)
Total expenses 275,228 264,238 258,173
Operating income (loss) (1,653) 33,577 277,861
Interest expense (13,683) (15,743) (16,709)
Interest income 3,353 3,973 774
Dividend income 918 1,475  
Gain (loss) on debt extinguishment (255) (550) (3,306)
Impairment loss on investment   (1,320)  
Income (loss) before income taxes (11,320) 21,412 258,620
Income tax (expense) benefit (8,158) (7,877) (82,612)
Income (loss) before equity in net income (loss) of nonconsolidated affiliate (19,478) 13,535 176,008
Equity in net income (loss) of nonconsolidated affiliate (234) (1,374) (310)
Net income (loss) $ (19,712) $ 12,161 $ 175,698
Basic and diluted earnings per share:      
Net income (loss) per share, basic $ (0.23) $ 0.14 $ 1.95
Net income (loss) per share, diluted (0.23) 0.13 1.91
Cash dividends declared per common share, basic 0.20 0.20 0.16
Cash dividends declared per common share, diluted $ 0.20 $ 0.20 $ 0.16
Weighted average common shares outstanding, basic 85,107,301 89,115,997 90,272,257
Weighted average common shares outstanding, diluted 85,107,301 90,328,583 91,891,957
Television      
Expenses:      
Direct operating expenses (including related parties of $8,194, $9,254, and $9,494) (including non-cash stock-based compensation of $732, $732, and $1,236) $ 61,778 $ 62,434 $ 59,454
Selling, general and administrative expenses 22,638 21,864 22,276
Depreciation and amortization (includes direct operating of $11,294, $10,272, and $8,861; selling, general and administrative of $4,696, $5,450, and $6,347; and corporate of $658, $551 and $1,203) (including related parties of $1,229, $1,228, and $2,043) 10,059 9,024 9,760
Digital Media      
Expenses:      
Cost of revenue 36,757 45,096 32,998
Direct operating expenses (including related parties of $8,194, $9,254, and $9,494) (including non-cash stock-based compensation of $732, $732, and $1,236) 18,357 21,521 15,257
Selling, general and administrative expenses 13,904 11,590 8,097
Depreciation and amortization (includes direct operating of $11,294, $10,272, and $8,861; selling, general and administrative of $4,696, $5,450, and $6,347; and corporate of $658, $551 and $1,203) (including related parties of $1,229, $1,228, and $2,043) 4,723 4,759 3,978
Advertising and Retransmission Consent      
Net revenue:      
Total net revenue 260,514 294,839 272,091
Advertising and Retransmission Consent | Television      
Net revenue:      
Total net revenue 136,593 149,935 148,059
Advertising and Retransmission Consent | Digital Media      
Net revenue:      
Total net revenue 68,908 80,982 57,098
Spectrum Usage Rights      
Net revenue:      
Total net revenue $ 13,061 $ 2,976 263,943
Spectrum Usage Rights | Television      
Expenses:      
Cost of revenue     $ 12,340