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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statements of Income        
Net revenues $ 585,541 $ 564,135 $ 1,670,282 $ 1,627,536
Operating expenses (income)        
Direct advertising expenses (exclusive of depreciation and amortization) 187,716 182,585 554,489 541,495
General and administrative expenses (exclusive of depreciation and amortization) 93,000 91,006 277,307 268,508
Corporate expenses (exclusive of depreciation and amortization) 31,620 31,350 94,397 100,105
Depreciation and amortization 86,276 75,112 242,207 227,531
Gain on disposition of assets and investments (2,155) (2,474) (76,116) (5,486)
Costs and expenses, total 396,457 377,579 1,092,284 1,132,153
Operating income 189,084 186,556 577,998 495,383
Other (income) expense        
Loss on extinguishment of debt 2,012 270 2,012 270
Interest income (758) (662) (1,847) (1,701)
Interest expense 41,189 42,937 120,221 131,761
Equity in earnings of investee 0 (2,642) (206) (2,087)
Total other (income) expense 42,443 39,903 120,180 128,243
Income before income tax expense (benefit) 146,641 146,653 457,818 367,140
Income tax expense (benefit) 2,566 (1,169) 19,498 3,225
Net income 144,075 147,822 438,320 363,915
Net income attributable to non-controlling interest 2,322 346 3,457 849
Net income attributable to controlling interest 141,753 147,476 434,863 363,066
Cash dividends declared and paid on preferred stock 91 91 273 273
Net income applicable to common stock $ 141,662 $ 147,385 $ 434,590 $ 362,793
Earnings per share:        
Basic earnings per share (in dollars per share) $ 1.40 $ 1.44 $ 4.28 $ 3.55
Diluted earnings per share (in dollars per share) 1.40 1.44 4.27 3.54
Cash dividends declared per share of common stock (in dollars per share) $ 1.55 $ 1.40 $ 4.65 $ 4.00
Weighted average common shares used in computing earnings per share:        
Weighted average common shares outstanding, Basic (in shares) 101,234,505 102,307,059 101,643,527 102,223,918
Weighted average common shares outstanding, Diluted (in shares) 101,309,203 102,617,515 101,720,659 102,547,490
Statements of Comprehensive Income        
Net income $ 144,075 $ 147,822 $ 438,320 $ 363,915
Other comprehensive (loss) income, net of tax        
Foreign currency translation adjustments (672) 37 24 (786)
Comprehensive income 143,403 147,859 438,344 363,129
Net income attributable to non-controlling interest 2,322 346 3,457 849
Comprehensive income attributable to controlling interest $ 141,081 $ 147,513 $ 434,887 $ 362,280