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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENTS OF INCOME      
Net operating revenue $ 95,813,000 $ 123,072,000 $ 124,829,000
Operating expenses :      
Station operating expenses 81,586,000 92,692,000 93,727,000
Corporate general and administrative 11,574,000 11,460,000 11,359,000
Other operating (income) expense, net (1,247,000) 112,000 61,000
Impairment of intangible assets, broadcast licenses 5,149,000 0 0
Operating Expenses, Total 97,062,000 104,264,000 105,147,000
Operating income (loss) (1,249,000) 18,808,000 19,682,000
Interest expense 340,000 735,000 946,000
Interest income (148,000) (610,000) (631,000)
Other (income) expenses (233,000) (16,000) (23,000)
Income (loss) before income tax (benefit) expense (1,208,000) 18,699,000 19,390,000
Income tax provision:      
Current 1,250,000 4,000,000 3,040,000
Deferred (545,000) 1,420,000 2,660,000
Income tax (benefit) expense 705,000 5,420,000 5,700,000
Net income (loss) $ (1,913,000) $ 13,279,000 $ 13,690,000
Basic earnings per share:      
Basic earnings (loss) per share $ (0.32) $ 2.23 $ 2.30
Diluted earnings (loss) per share      
Diluted earning (loss) per share $ (0.32) $ 2.23 $ 2.30
Weighted average common shares 5,871 5,834 5,829
Weighted average common and common equivalent shares 5,871 5,834 5,829
Dividends declared per share $ 0.32 $ 1.20 $ 1.45