Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

14.    Quarterly Results of Operations (Unaudited)

	March 31,				June 30,				September 30,				December 31,
	2021		2020		2021		2020		2021		2020		2021		2020
	(in thousands, except per share data)
Net operating revenue	$	22,301	$	26,051	$	28,046	$	16,866	$	28,845	$	24,143	$	29,151	$	28,753
Station operating expenses		18,923		22,199		21,017		18,652		21,690		19,616		21,615		21,119
Corporate G&A		2,438		3,015		2,494		3,070		2,538		2,838		2,570		2,651
Other operating expense (income), net		57		(1,330)		(80)		46		(2)		50		32		(13)
Impairment of broadcast licenses		—		—		—		3,757		—		1,392		—		—
Operating income (loss)		883		2,167		4,615		(8,659)		4,619		247		4,934		4,996
Other (income) expenses:
Interest expense		73		108		72		82		73		75		66		75
Interest (income)		(6)		(108)		(4)		(25)		(4)		(8)		(2)		(7)
Other (income) expense		(272)		(213)		(31)		—		(279)		—		(52)		(20)
Income before income taxes		1,088		2,380		4,578		(8,716)		4,829		180		4,922		4,948
Income tax provision (benefit)		330		700		1,325		(3,805)		1,375		1,130		1,230		2,680
Net income (loss)	$	758	$	1,680	$	3,253	$	(4,911)	$	3,454	$	(950)	$	3,692	$	2,268
Basic earnings(loss) per share	$	0.13	$	0.28	$	0.54	$	(0.82)	$	0.58	$	(0.16)	$	0.60	$	0.38
Weighted average common shares		5,913		5,866		5,917		5,868		5,917		5,869		5,922		5,880
Diluted earnings (loss) per share	$	0.13	$	0.28	$	0.54	$	(0.82)	$	0.58	$	(0.16)	$	0.60	$	0.38
Weighted average common and common equivalent shares		5,913		5,866		5,917		5,868		5,917		5,869		5,922		5,880