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Quarterly Results of Operations | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations |
14. | Quarterly Results of Operations (Unaudited)
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |  | 2016 |  | 2015 |  | 2016 |  | 2015 |
|  | (In thousands, except per share data) |
Net operating revenue |  | $ | 32,745 |  | $ | 29,061 |  | $ | 36,438 |  | $ | 34,358 |  | $ | 36,119 |  | $ | 33,831 |  | $ | 37,289 |  | $ | 35,606 |
Station operating expenses |  |  | 24,685 |  |  | 22,765 |  |  | 25,420 |  |  | 24,311 |  |  | 25,459 |  |  | 24,324 |  |  | 25,978 |  |  | 25,868 |
Corporate G&A |  |  | 2,717 |  |  | 2,482 |  |  | 2,620 |  |  | 2,583 |  |  | 2,728 |  |  | 2,577 |  |  | 2,915 |  |  | 2,449 |
Other operating expense (income), net |  |  | — |  |  | — |  |  | 8 |  |  | 14 |  |  | (1,393) |  |  | 433 |  |  | (8) |  |  | 94 |
Impairment of intangible assets |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 874 |
Operating income from continuing operations |  |  | 5,343 |  |  | 3,814 |  |  | 8,390 |  |  | 7,450 |  |  | 9,325 |  |  | 6,497 |  |  | 8,404 |  |  | 6,321 |
Other (income) expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 189 |  |  | 241 |  |  | 189 |  |  | 244 |  |  | 196 |  |  | 229 |  |  | 202 |  |  | 174 |
Write-off of debt issuance costs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 557 |  |  | — |  |  | — |
Other (income) expenses |  |  | — |  |  | (8) |  |  | — |  |  | (409) |  |  | — |  |  | — |  |  | — |  |  | — |
Income before income tax |  |  | 5,154 |  |  | 3,581 |  |  | 8,201 |  |  | 7,615 |  |  | 9,129 |  |  | 5,711 |  |  | 8,202 |  |  | 6,147 |
Income tax provision |  |  | 2,130 |  |  | 1,450 |  |  | 3,390 |  |  | 3,141 |  |  | 3,715 |  |  | 2,599 |  |  | 3,265 |  |  | 2,450 |
Net income |  | $ | 3,024 |  | $ | 2,131 |  | $ | 4,811 |  | $ | 4,474 |  | $ | 5,414 |  | $ | 3,112 |  | $ | 4,937 |  | $ | 3,697 |
Basic earnings per share |  | $ | .52 |  | $ | .37 |  | $ | .82 |  | $ | .77 |  | $ | .92 |  | $ | .54 |  | $ | .84 |  | $ | .63 |
Weighted average common shares |  |  | 5,751 |  |  | 5,710 |  |  | 5,754 |  |  | 5,712 |  |  | 5,755 |  |  | 5,724 |  |  | 5,785 |  |  | 5,732 |
Diluted earnings per share |  | $ | .52 |  | $ | .36 |  | $ | .82 |  | $ | .77 |  | $ | .92 |  | $ | .53 |  | $ | .84 |  | $ | .63 |
Weighted average common and common equivalent shares |  |  | 5,759 |  |  | 5,762 |  |  | 5,763 |  |  | 5,757 |  |  | 5,764 |  |  | 5,752 |  |  | 5,797 |  |  | 5,741 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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