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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net Revenue $ 64,249 $ 64,680
Expenses:    
Direct operating expenses (including related parties of $2,219 and $1,962) (including non-cash stock-based compensation of $131 and $134) 26,679 28,930
Selling, general and administrative expenses 13,591 13,814
Corporate expenses (including non-cash stock-based compensation of $658 and $666) 6,840 6,894
Depreciation and amortization (includes direct operating of $3,131 and $2,494; selling, general and administrative of $1,208 and $1,269; and corporate of $173 and $153) (including related parties of $307 and $308) 4,512 3,916
Change in fair value contingent consideration   359
Impairment charge 39,835  
Foreign currency (gain) loss 1,508 132
Other operating (gain) loss (836) (1,996)
Operating income (loss) (35,227) 4,989
Interest expense (2,680) (3,490)
Interest income 624 919
Dividend income 23 255
Income (loss) before income taxes (37,260) 2,673
Income tax benefit (expense) 1,668 (1,093)
Income (loss) before equity in net income (loss) of nonconsolidated affiliate (35,592) 1,580
Equity in net income (loss) of nonconsolidated affiliate, net of tax   (156)
Net income (loss) $ (35,592) $ 1,424
Basic and diluted earnings per share:    
Net income (loss) per share, basic and diluted $ (0.42) $ 0.02
Cash dividends declared per common share $ 0.05 $ 0.05
Weighted average common shares outstanding, basic 84,317,767 86,101,741
Weighted average common shares outstanding, diluted 84,317,767 87,152,987
Digital Media    
Net Revenue $ 13,331 $ 14,472
Expenses:    
Cost of revenue 7,347 7,642
Direct operating expenses (including related parties of $2,219 and $1,962) (including non-cash stock-based compensation of $131 and $134) 3,193 4,495
Selling, general and administrative expenses 3,671 3,225
Depreciation and amortization (includes direct operating of $3,131 and $2,494; selling, general and administrative of $1,208 and $1,269; and corporate of $173 and $153) (including related parties of $307 and $308) $ 1,150 $ 1,324