Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

14.    Quarterly Results of Operations (Unaudited)

	March 31,				June 30,				September 30,				December 31,
	2020		2019		2020		2019		2020		2019		2020		2019
	(in thousands, except per share data)
Net operating revenue	$	26,051	$	27,816	$	16,866	$	32,191	$	24,143	$	31,274	$	28,753	$	31,791
Station operating expenses		22,199		23,163		18,652		22,879		19,616		23,600		21,119		23,050
Corporate G&A		3,015		2,685		3,070		2,706		2,838		2,788		2,651		3,281
Other operating expense (income), net		(1,330)		3		46		(2)		50		85		(13)		26
Impairment of broadcast licenses		—		—		3,757		—		1,392		—		—		—
Operating income (loss)		2,167		1,965		(8,659)		6,608		247		4,801		4,996		5,434
Other (income) expenses:
Interest expense		108		208		82		184		75		180		75		163
Interest (income)		(108)		(163)		(25)		(160)		(8)		(162)		(7)		(125)
Other (income) expense		(213)		—		—		—		—		(11)		(20)		(5)
Income before income taxes		2,380		1,920		(8,716)		6,584		180		4,794		4,948		5,401
Income tax provision		700		550		(3,805)		1,850		1,130		1,460		2,680		1,560
Net income (loss)	$	1,680	$	1,370	$	(4,911)	$	4,734	$	(950)	$	3,334	$	2,268	$	3,841
Basic earnings(loss) per share	$	0.28	$	0.23	$	(0.82)	$	0.80	$	(0.16)	$	0.56	$	0.38	$	0.64
Weighted average common shares		5,866		5,841		5,868		5,844		5,869		5,834		5,880		5,817
Diluted earnings (loss) per share	$	0.28	$	0.23	$	(0.82)	$	0.80	$	(0.16)	$	0.56	$	0.38	$	0.64
Weighted average common and common equivalent shares		5,866		5,841		5,868		5,844		5,869		5,834		5,880		5,817