Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2022

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

14.    Quarterly Results of Operations (Unaudited)

	March 31,				June 30,				September 30,				December 31,
	2022		2021		2022		2021		2022		2021		2022		2021
	(in thousands, except per share data)
Net operating revenue	$	24,967	$	22,301	$	29,821	$	28,046	$	29,980	$	28,845	$	30,125	$	29,151
Station operating expenses		20,568		18,923		21,786		21,017		22,295		21,690		22,888		21,615
Corporate G&A		2,694		2,438		2,609		2,494		6,667		2,538		2,330		2,570
Other operating expense (income), net		(5)		57		45		(80)		(37)		(2)		(17)		32
Operating income (loss)		1,710		883		5,381		4,615		1,055		4,619		4,924		4,934
Other (income) expenses:
Interest expense		32		73		32		72		32		73		34		66
Interest (income)		(4)		(6)		(49)		(4)		(134)		(4)		(223)		(2)
Other (income) expense		(2)		(272)		—		(31)		(34)		(279)		(616)		(52)
Income before income taxes		1,684		1,088		5,398		4,578		1,191		4,829		5,729		4,922
Income tax provision (benefit)		480		330		1,575		1,325		1,295		1,375		1,450		1,230
Net income (loss)	$	1,204	$	758	$	3,823	$	3,253	$	(104)	$	3,454	$	4,279	$	3,692
Basic earnings(loss) per share	$	0.20	$	0.13	$	0.63	$	0.54	$	(0.01)	$	0.58	$	0.70	$	0.60
Weighted average common shares		5,948		5,913		5,952		5,917		5,961		5,917		6,013		5,922
Diluted earnings (loss) per share	$	0.20	$	0.13	$	0.63	$	0.54	$	(0.01)	$	0.58	$	0.70	$	0.60
Weighted average common and common equivalent shares		5,948		5,913		5,952		5,917		5,961		5,917		6,013		5,922