Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

15.    Quarterly Results of Operations (Unaudited)

	March 31,				June 30,				September 30,				December 31,
	2019		2018		2019		2018		2019		2018		2019		2018
	(In thousands, except per share data)
Net operating revenue	$	27,816	$	28,009	$	32,191	$	32,234	$	31,274	$	31,648	$	31,791	$	32,938
Station operating expenses		23,163		23,397		22,879		23,140		23,600		23,429		23,050		23,761
Corporate G&A		2,685		2,544		2,706		2,848		2,788		2,813		3,281		3,154
Other operating expense (income), net		3		(251)		(2)		213		85		85		26		14
Operating income		1,965		2,319		6,608		6,033		4,801		5,321		5,434		6,009
Other (income) expenses:
Interest expense		208		219		184		255		180		243		163		229
Interest (income)		(163)		(89)		(160)		(188)		(162)		(167)		(125)		(187)
Other (income) expense		—		—		—		—		(11)		(25)		(5)		2
Income before income taxes		1,920		2,189		6,584		5,966		4,794		5,270		5,401		5,965
Income tax provision		550		660		1,850		1,795		1,460		1,575		1,560		1,670
Net income	$	1,370	$	1,529	$	4,734	$	4,171	$	3,334	$	3,695	$	3,841	$	4,295
Basic earnings per share	$	0.23	$	0.26	$	0.80	$	0.70	$	0.56	$	0.62	$	0.64	$	0.72
Weighted average common shares		5,841		5,842		5,844		5,834		5,834		5,822		5,817		5,820
Diluted earnings per share	$	0.23	$	0.26	$	0.80	$	0.70	$	0.56	$	0.62	$	0.64	$	0.72
Weighted average common and common equivalent shares		5,841		5,842		5,844		5,834		5,834		5,822		5,817		5,820