Quarterly Results of Operations

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations

15.   Quarterly Results of Operations (Unaudited)

	March 31,				June 30,				September 30,				December 31,
	2015		2014		2015		2014		2015		2014		2015		2014
	(In thousands, except per share data)
Net operating revenue	$	29,061	$	29,423	$	34,358	$	33,831	$	33,831	$	34,373	$	35,606	$	36,371
Station operating expenses		22,765		22,947		24,311		23,499		24,324		26,366		25,868		25,612
Corporate G&A		2,482		2,153		2,583		2,120		2,577		2,307		2,449		2,321
Other operating expense (income), net		—		—		14		—		433		—		94		(1,210)
Impairment of intangible assets		—		—		—		—		—		—		874		1,936
Operating income from continuing operations		3,814		4,323		7,450		8,212		6,497		5,700		6,321		7,712
Other (income) expenses:
Interest expense		241		272		244		272		229		268		174		252
Write-off of debt issuance costs		—		—		—		—		557
Other (income) expenses		(8)		(15)		(409)		(30)		—		7		—		(33)
Income before income tax		3,581		4,066		7,615		7,970		5,711		5,425		6,147		7,493
Income tax provision		1,450		1,627		3,141		3,193		2,599		2,180		2,450		3,050
Net income	$	2,131	$	2,439	$	4,474	$	4,777	$	3,112	$	3,245	$	3,697	$	4,443
Basic earnings per share	$	.37	$	.43	$	.77	$	.83	$	.54	$	.56	$	.63	$	.77
Weighted average common shares		5,710		5,690		5,712		5,699		5,724		5,699		5,732		5,709
Diluted earnings per share	$	.36	$	.42	$	.77	$	.82	$	.53	$	.56	$	.63	$	.76
Weighted average common and common equivalent shares		5,762		5,757		5,757		5,754		5,752		5,742		5,741		5,757