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Consolidated Statements of Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Consolidated Statements of Income      
Net operating revenue $ 123,072,000 $ 124,829,000 $ 118,149,000
Operating expenses :      
Station operating expense 92,692,000 93,727,000 87,759,000
Corporate general and administrative 11,460,000 11,359,000 11,657,000
Other operating expense, net 112,000 61,000 55,000
Impairment of intangible assets 0 0 1,449,000
Operating Expenses, Total 104,264,000 105,147,000 100,920,000
Operating income from continuing operations 18,808,000 19,682,000 17,229,000
Other (income) expenses:      
Interest expense 735,000 946,000 903,000
Interest income (610,000) (631,000) 0
Other income (16,000) (23,000) 0
Income from continuing operations before income taxes 18,699,000 19,390,000 16,326,000
Income tax provision:      
Current 4,000,000 3,040,000 2,290,000
Deferred 1,420,000 2,660,000 (8,210,000)
Income tax expense 5,420,000 5,700,000 (5,920,000)
Income from continuing operations, net of tax 13,279,000 13,690,000 22,246,000
Income from discontinued operations, net of tax 0 0 32,471,000
Net income $ 13,279,000 $ 13,690,000 $ 54,717,000
Basic earnings per share:      
From continuing operations $ 2.23 $ 2.30 $ 3.77
From discontinued operations 0 0.00 5.50
Basic earnings per share $ 2.23 $ 2.30 $ 9.27
Weighted average common shares 5,834 5,829 5,803
Diluted earnings per share      
From continuing operations $ 2.23 $ 2.30 $ 3.77
From discontinued operations 0 0.00 5.50
Diluted earnings per share $ 2.23 $ 2.30 $ 9.27
Weighted average common and common equivalent shares 5,834 5,829 5,807
Dividends declared per share $ 1.20 $ 1.45 $ 2.00