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CONSOLIDATED AND COMBINED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Retail $ 118,825 $ 119,828 $ 346,780 $ 343,013
Wholesale [1] 41,074 42,467 122,917 128,421
Total 159,899 162,295 469,697 471,434
Operating expenses:        
Product support, technology and operations 36,598 32,469 106,479 98,381
Marketing and sales 50,733 48,670 160,246 160,275
General and administrative 11,606 7,738 42,305 23,277
Affiliate revenue share 2,121 2,162 6,837 6,264
Amortization of intangible assets 19,467 19,088 58,402 55,416
Total 120,525 110,127 374,269 343,613
Operating income 39,374 52,168 95,428 127,821
Nonoperating (expense) income:        
Interest (expense) income, net (5,431) 41 (7,160) 53
Other income, net 64 88 199 142
Total nonoperating (expense) income, net (5,367) 129 (6,961) 195
Income before income taxes 34,007 52,297 88,467 128,016
Provision for income taxes 13,019 452 15,782 452
Net income $ 20,988 $ 51,845 $ 72,685 $ 127,564
Earnings per share, basic $ 0.29 $ 0.72 $ 1.01 $ 1.78
Weighted-average common shares outstanding, basic 71,699 71,588 71,693 71,588
Earnings per share, diluted $ 0.29 $ 0.72 $ 1.01 $ 1.78
Weighted-average common shares outstanding, diluted 71,767 71,588 71,763 71,588
[1] Wholesale revenue includes related party revenue generated from TEGNA, Inc., through the Separation date of May 31, 2017, of $0 million and $3.4 million during the three and nine months ended September 30, 2017, respectively, and $2.1 million and $6.3 million during the three and nine months ended September 30, 2016, respectively (See Note 13). The commercial agreement with TEGNA is still effective after the Separation.