XML 18 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net revenue $ 344,026 $ 273,575 $ 297,815
Expenses:      
Direct operating expenses (including related parties of $9,063, $8,194, and $9,254) (including non-cash stock-based compensation of $1,247, $732, and $732) 104,909 119,412 125,242
Selling, general and administrative expenses 48,404 53,965 51,535
Corporate expenses (including non-cash stock-based compensation of $3,878, $3,645, and $5,055) 27,807 28,067 26,865
Depreciation and amortization (includes direct operating of $12,506, $11,294, and $10,272; selling, general and administrative of $4,065, $4,696, and $5,450; and corporate of $711, $658 and $551) (including related parties of $1,228, $1,229, and $1,228) 17,282 16,648 16,273
Change in fair value of contingent consideration   (6,478) (1,202)
Impairment charge 40,035 32,097  
Foreign currency (gain) loss (1,052) 754 1,616
Other operating (gain) loss (6,895) (5,994) (1,187)
Total expenses 337,418 275,228 264,238
Operating income (loss) 6,608 (1,653) 33,577
Interest expense (8,265) (13,683) (15,743)
Interest income 1,748 3,353 3,973
Dividend income 28 918 1,475
Gain (loss) on debt extinguishment   (255) (550)
Impairment loss on investment     (1,320)
Income (loss) before income taxes 119 (11,320) 21,412
Income tax (expense) benefit (1,506) (8,158) (7,877)
Income (loss) before equity in net income (loss) of nonconsolidated affiliate (1,387) (19,478) 13,535
Equity in net income (loss) of nonconsolidated affiliate   (234) (1,374)
Net income (loss) (1,387) (19,712) 12,161
Net (income) loss attributable to redeemable noncontrolling interest (2,523)    
Net income (loss) attributable to common stockholders $ (3,910) $ (19,712) $ 12,161
Basic and diluted earnings per share:      
Net income (loss) per share attributable to common stockholders, basic $ (0.05) $ (0.23) $ 0.14
Net income (loss) per share attributable to common stockholders, diluted (0.05) (0.23) 0.13
Cash dividends declared per common share, basic and diluted $ 0.13 $ 0.20 $ 0.20
Weighted average common shares outstanding, basic 84,231,212 85,107,301 89,115,997
Weighted average common shares outstanding, diluted 84,231,212 85,107,301 90,328,583
Digital      
Expenses:      
Cost of revenue $ 106,928 $ 36,757 $ 45,096
Direct operating expenses (including related parties of $9,063, $8,194, and $9,254) (including non-cash stock-based compensation of $1,247, $732, and $732) 15,227 18,357 21,521
Selling, general and administrative expenses 15,404 13,904 11,590
Depreciation and amortization (includes direct operating of $12,506, $11,294, and $10,272; selling, general and administrative of $4,065, $4,696, and $5,450; and corporate of $711, $658 and $551) (including related parties of $1,228, $1,229, and $1,228) $ 2,561 $ 4,723 $ 4,759