XML 10 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net Revenue $ 91,851 $ 78,176
Expenses:    
Cost of revenue 33,472 22,658
Direct operating expenses (including related parties of $1,122 and $1,400) (including non-cash stock-based compensation of $1,077 and $1,367) 35,502 31,801
Selling, general and administrative expenses 15,506 14,334
Corporate expenses (including non-cash stock-based compensation of $1,536 and $3,662) 7,788 12,248
Depreciation and amortization (including related parties of $232 and $232) 3,477 4,739
Change in fair value of contingent consideration   (220)
Impairment charge 23,673  
Loss on lease abandonment 25,191  
Foreign currency (gain) loss 12 265
Operating income (loss) (52,770) (7,649)
Interest expense (3,663) (4,443)
Interest income 605 578
Dividend income   10
Realized gain (loss) on marketable securities 1 (113)
Gain (loss) on debt extinguishment   (40)
Income (loss) from continuing operations before income taxes (55,827) (11,657)
Income tax benefit (expense) 8,052 4,147
Net income (loss) from continuing operations (47,775) (7,510)
Net income (loss) from discontinued operations, net of tax (191) (41,380)
Net income (loss) attributable to common stockholders $ (47,966) $ (48,890)
Basic and diluted earnings per share:    
Net income (loss) per share from continuing operations, basic $ (0.53) $ (0.08)
Net income (loss) per share from continuing operations, diluted (0.53) (0.08)
Net income (loss) per share from discontinued operations, basic 0 (0.47)
Net income (loss) per share from discontinued operations, diluted 0 (0.47)
Net income (loss) per share attributable to common stockholders, basic (0.53) (0.55)
Net income (loss) per share attributable to common stockholders, diluted (0.53) (0.55)
Cash dividends declared per common share $ 0.05 $ 0.05
Weighted average common shares outstanding, basic 90,976,288 89,518,058
Weighted average common shares outstanding, diluted 90,976,288 89,518,058