XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues [Abstract]        
Net revenue $ 261,994 $ 219,349 $ 517,652 $ 421,084
Operating expenses:        
Direct operating expenses, excluding depreciation and amortization 92,935 73,038 183,058 141,067
Selling, general, and administrative expenses, excluding depreciation and amortization 65,772 56,557 133,937 113,846
Amortization of broadcast rights 15,222 14,673 30,026 29,254
Amortization of intangible assets 11,319 11,237 23,398 24,297
Depreciation 12,739 11,302 25,297 22,174
Total operating expenses 197,987 166,807 395,716 330,638
Income from operations 64,007 52,542 121,936 90,446
Interest expense, net (20,577) (20,391) (41,231) (39,684)
Other expenses (147) (150) (283) (268)
Income before income taxes 43,283 32,001 80,422 50,494
Income tax expense (18,484) (12,101) (33,349) (18,682)
Net income (loss) 24,799 19,900 47,073 31,812
Net (income) loss attributable to noncontrolling interests (270) 421 (817) 1,416
Net income attributable to Nexstar Broadcasting Group, Inc. $ 24,529 $ 20,321 $ 46,256 $ 33,228
Net income per common share attributable to Nexstar Broadcasting Group, Inc.:        
Basic $ 0.80 $ 0.65 $ 1.51 $ 1.06
Diluted $ 0.78 $ 0.63 $ 1.46 $ 1.03
Weighted average number of common shares outstanding:        
Basic 30,680 31,325 30,669 31,260
Diluted 31,620 32,382 31,579 32,319
Dividends declared per common share $ 0.24 $ 0.19 $ 0.48 $ 0.38