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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net Revenue $ 62,978 $ 68,816 $ 172,343 $ 202,737
Expenses:        
Direct operating expenses (including related parties of $2,263, $2,048, $5,868 and $6,017) (including non-cash stock-based compensation of $148, $74, $383 and $324) 24,178 30,807 72,997 89,392
Selling, general and administrative expenses 9,883 12,457 34,371 39,816
Corporate expenses (including non-cash stock-based compensation of $668, $745, $2,025 and $2,130) 6,287 6,785 18,511 20,180
Depreciation and amortization (includes direct operating of $2,753, $2,888, $8,684 and $8,350; selling, general and administrative of $1,001, $1,134, $3,101 and $3,579; and corporate of $180, $168, $534 and $483) (including related parties of $306, $306, $920 and $921) 3,934 4,190 12,319 12,412
Change in fair value contingent consideration       (2,376)
Impairment charge   9,075 39,835 31,443
Foreign currency (gain) loss (680) 927 673 977
Other operating (gain) loss (2,683) (1,572) (5,549) (5,165)
Operating income (loss) 14,251 (3,795) (22,416) (10,385)
Interest expense (1,969) (3,537) (6,673) (10,581)
Interest income 467 825 1,630 2,601
Dividend income 3 241 26 747
Income (loss) before income taxes 12,752 (6,266) (27,433) (17,618)
Income tax benefit (expense) (3,736) (5,920) 3,195 (9,265)
Income (loss) before equity in net income (loss) of nonconsolidated affiliate 9,016 (12,186) (24,238) (26,883)
Equity in net income (loss) of nonconsolidated affiliate, net of tax   (31)   (189)
Net income (loss) $ 9,016 $ (12,217) $ (24,238) $ (27,072)
Basic and diluted earnings per share:        
Net income (loss) per share, basic and diluted $ 0.11 $ (0.14) $ (0.29) $ (0.32)
Cash dividends declared per common share $ 0.03 $ 0.05 $ 0.10 $ 0.15
Weighted average common shares outstanding, basic 84,185,728 84,765,694 84,208,924 85,404,250
Weighted average common shares outstanding, diluted 84,863,020 84,765,694 84,208,924 85,404,250
Digital Media        
Net Revenue $ 13,655 $ 17,612 $ 38,359 $ 48,888
Expenses:        
Cost of revenue 7,808 9,942 21,602 26,443
Direct operating expenses (including related parties of $2,263, $2,048, $5,868 and $6,017) (including non-cash stock-based compensation of $148, $74, $383 and $324) 2,968 5,214 9,104 14,679
Selling, general and administrative expenses 2,415 2,751 9,299 9,491
Depreciation and amortization (includes direct operating of $2,753, $2,888, $8,684 and $8,350; selling, general and administrative of $1,001, $1,134, $3,101 and $3,579; and corporate of $180, $168, $534 and $483) (including related parties of $306, $306, $920 and $921) $ 112 $ 1,112 $ 1,262 $ 3,609