XML 33 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net operating revenue $ 34,373 $ 32,929 $ 97,627 $ 95,718
Station operating expense 26,366 23,598 72,812 69,179
Corporate general and administrative 2,307 2,051 6,580 5,981
Operating income from continuing operations 5,700 7,280 18,235 20,558
Other expenses, net:        
Interest expense 268 308 812 1,023
Other (income) expense, net 7 (144) (38) (53)
Income from continuing operations before tax 5,425 7,116 17,461 19,588
Income tax provision 2,180 2,820 7,000 7,762
Income from continuing operations, net of tax 3,245 4,296 10,461 11,826
Income from discontinued operations, net of tax 0 0 0 223
Net income $ 3,245 $ 4,296 $ 10,461 $ 12,049
Basic earnings per share:        
From continuing operations $ 0.56 $ 0.76 $ 1.82 $ 2.08
From discontinued operations $ 0 $ 0 $ 0 $ 0.04
Basic earnings per share $ 0.56 $ 0.76 $ 1.82 $ 2.12
Weighted average common shares 5,699 5,686 5,696 5,679
Diluted earnings per share:        
From continuing operations $ 0.56 $ 0.75 $ 1.80 $ 2.06
From discontinued operations $ 0 $ 0 $ 0 $ 0.04
Diluted earnings per share $ 0.56 $ 0.75 $ 1.80 $ 2.10
Weighted average common and common equivalent shares 5,742 5,754 5,751 5,744
Dividends declared per share $ 0.20 $ 0 $ 0.40 $ 0