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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net operating revenue $ 31,648 $ 30,269 $ 91,891 $ 86,685
Station operating expense 23,429 21,755 69,966 64,521
Corporate general and administrative 2,813 3,132 8,205 8,875
Other operating expense (income), net 85 (127) 47 (69)
Operating income from continuing operations 5,321 5,509 13,673 13,358
Interest expense 243 254 717 691
Interest income (167) 0 (444) 0
Other income (25) 0 (25) 0
Income from continuing operations before tax 5,270 5,255 13,425 12,667
Income tax expense 1,575 2,290 4,030 5,280
Income from continuing operations, net of tax 3,695 2,965 9,395 7,387
Income from discontinued operations, net of tax (Note 6) 0 30,451 0 32,501
Net income $ 3,695 $ 33,416 $ 9,395 $ 39,888
Basic Earnings per share:        
From continuing operations $ 0.62 $ 0.50 $ 1.58 $ 1.25
From discontinued operations 0 5.16 0 5.51
Basic earnings per share $ 0.62 $ 5.66 $ 1.58 $ 6.76
Weighted average common shares 5,822 5,807 5,833 5,800
Diluted Earnings per share:        
From continuing operations $ 0.62 $ 0.50 $ 1.58 $ 1.25
From discontinued operations 0 5.16 0 5.51
Diluted earnings per share $ 0.62 $ 5.66 $ 1.58 $ 6.76
Weighted average common and common equivalent shares 5,822 5,807 5,833 5,804
Dividends declared per share $ 0.30 $ 0.30 $ 0.90 $ 0.90