CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands |
12 Months Ended | ||
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Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
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CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Net operating revenue | $ 108,343,000 | $ 95,813,000 | $ 123,072,000 |
Operating expenses : | |||
Station operating expenses | 83,245,000 | 81,586,000 | 92,692,000 |
Corporate general and administrative | 10,040,000 | 11,574,000 | 11,460,000 |
Other operating (income) expense, net | 7,000 | (1,247,000) | 112,000 |
Impairment of broadcast licenses | 5,149,000 | ||
Operating income (loss) | 93,292,000 | 97,062,000 | 104,264,000 |
Operating income (loss) | 15,051,000 | (1,249,000) | 18,808,000 |
Interest expense | 284,000 | 340,000 | 735,000 |
Interest income | (16,000) | (148,000) | (610,000) |
Other income | (634,000) | (233,000) | (16,000) |
Income (loss) before income tax expense | 15,417,000 | (1,208,000) | 18,699,000 |
Income tax provision (benefit): | |||
Current | 4,065,000 | 1,250,000 | 4,000,000 |
Deferred | 195,000 | (545,000) | 1,420,000 |
Income tax expense (benefit) | 4,260,000 | 705,000 | 5,420,000 |
Net income (loss) | $ 11,157,000 | $ (1,913,000) | $ 13,279,000 |
Basic earnings (loss) per share | |||
Basic earnings (loss) per share | $ 1.85 | $ (0.32) | $ 2.23 |
Diluted earnings (loss) per share | |||
Diluted earning per share | $ 1.85 | $ (0.32) | $ 2.23 |
Weighted average common shares | 5,917 | 5,871 | 5,834 |
Weighted average common and common equivalent shares | 5,917 | 5,871 | 5,834 |
Dividends declared per share | $ 0.98 | $ 0.32 | $ 1.20 |
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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