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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net operating revenue $ 30,269 $ 29,878 $ 86,685 $ 88,208
Station operating expense 21,755 21,775 64,521 64,757
Corporate general and administrative 3,132 2,728 8,875 8,065
Other operating expense (127) (1,393) (69) (1,388)
Operating income from continuing operations 5,509 6,768 13,358 16,774
Interest expense 254 187 691 548
Income from continuing operations before tax 5,255 6,581 12,667 16,226
Income tax expense 2,290 2,678 5,280 6,665
Income from continuing operations, net of tax 2,965 3,903 7,387 9,561
Income from discontinued operations, net of tax (Note 5) 30,451 1,511 32,501 3,688
Net income $ 33,416 $ 5,414 $ 39,888 $ 13,249
Basic Earnings per share:        
From continuing operations $ 0.50 $ 0.66 $ 1.25 $ 1.63
From discontinued operations 5.16 0.26 5.51 0.63
Basic earnings per share $ 5.66 $ 0.92 $ 6.76 $ 2.26
Weighted average common shares 5,807 5,755 5,800 5,753
Diluted Earnings per share:        
From continuing operations $ 0.50 $ 0.66 $ 1.25 $ 1.62
From discontinued operations 5.16 0.26 5.51 0.63
Diluted earnings per share $ 5.66 $ 0.92 $ 6.76 $ 2.25
Weighted average common and common equivalent shares 5,807 5,764 5,804 5,762
Dividends declared per share $ 0.30 $ 0.30 $ 0.90 $ 0.80