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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net operating revenue $ 30,261 $ 30,866 $ 56,416 $ 58,330
Station operating expense 21,426 21,842 42,766 42,982
Corporate general and administrative 2,880 2,620 5,743 5,337
Other operating expense 79 8 58 5
Operating income from continuing operations 5,876 6,396 7,849 10,006
Interest expense 229 182 437 361
Income from continuing operations before tax 5,647 6,214 7,412 9,645
Income tax provision 2,272 2,569 2,990 3,987
Income from continuing operations, net of tax 3,375 3,645 4,422 5,658
Income from discontinued operations, net of tax (Note 5) 1,159 1,166 2,050 2,177
Net income $ 4,534 $ 4,811 $ 6,472 $ 7,835
Basic Earnings per share:        
From continuing operations $ 0.57 $ 0.62 $ 0.75 $ 0.97
From discontinued operations 0.20 0.20 0.35 0.37
Basic earnings per share $ 0.77 $ 0.82 $ 1.10 $ 1.34
Weighted average common shares 5,803 5,754 5,796 5,752
Diluted Earnings per share:        
From continuing operations $ 0.57 $ 0.61 $ 0.75 $ 0.96
From discontinued operations 0.20 0.20 0.35 0.37
Diluted earnings per share $ 0.77 $ 0.81 $ 1.10 $ 1.33
Weighted average common and common equivalent shares 5,806 5,763 5,804 5,761
Dividends declared per share $ 0.30 $ 0.25 $ 0.60 $ 0.50