XML 21 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Operating revenues $ 54,686 $ 69,633 $ 113,836 $ 150,829
Operating expenses        
Labor 31,778 39,725 65,445 90,381
Production and distribution 17,816 26,358 40,816 50,506
Advertising, selling, general and administrative 7,127 7,955 14,602 17,232
Restructuring Expense 3,281 0 7,787 0
Depreciation, software and intangible asset amortization 1,297 1,903 2,740 4,054
Total operating expenses 61,299 75,941 131,390 162,173
Operating loss (6,613) (6,308) (17,554) (11,344)
Other expenses (income)        
Interest expense, net 388 183 609 1,112
Gain on sale from 3Q (5,000) 0 (5,000) (30,954)
Other, net 1,854 827 3,429 1,969
Total other expenses (income) (2,758) 1,010 (962) (27,873)
(Loss) income before income taxes (3,855) (7,318) (16,592) 16,529
Income tax expense (benefit) (52) (584) 738 (9,364)
Net (loss) income (3,803) (6,734) (17,330) 25,893
Less: Earnings attributable to participating securities     0 3,059
Less: Preferred stock dividends 124 124 246 207
(Loss) income attributable to common stockholders $ (3,927) $ (6,858) $ (17,576) $ 22,627
(Loss) Earnings per common share        
Basic (in dollars per share) $ (0.63) $ (1.10) $ (2.80) $ 3.64
Diluted (in dollars per share) $ (0.63) $ (1.10) $ (2.80) $ 3.62
Weighted-average shares used to compute earnings (loss) per share attributable to common shares        
Basic (in shares) 6,272 6,226 6,270 6,220
Diluted (in shares) 6,272 6,226 6,270 6,250
Comprehensive (loss) income:        
Net (loss) income $ (3,803) $ (6,734) $ (17,330) $ 25,893
Adjustment to pension liability 549 517 1,099 1,035
Foreign currency translation adjustment 377 (805) 349 (959)
Adoption of ASU 2018-02     (11,355) 0
Total other comprehensive (loss) income, net of tax 926 (288) (9,907) 76
Comprehensive (loss) income (2,877) (7,022) (27,237) 25,969
Less: Earnings attributable to participating securities     0 3,059
Less: Preferred stock dividends 124 124 246 207
Comprehensive (loss) income attributable to common stockholders $ (3,001) $ (7,146) $ (27,483) $ 22,703