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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2016
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | Condensed Consolidated Balance Sheet of 2016 and 2015 Acquisitions
|  | Acquisitions in |
|  | 2016 |  | 2015 |
|  | (In thousands) |
Assets Acquired: |  |  |  |  |  |  |
Current assets |  | $ | 814 |  | $ | 977 |
Property and equipment |  |  | 375 |  |  | 4,614 |
Other assets: |  |  |  |  |  |  |
Broadcast licenses-Radio segment |  |  | 8,123 |  |  | 2,218 |
Broadcast licenses-Television segment |  |  | — |  |  | — |
Goodwill-Radio segment |  |  | 4,533 |  |  | 2,548 |
Goodwill-Television segment |  |  | — |  |  | — |
Other intangibles, deferred costs and investments |  |  | 398 |  |  | 1,623 |
Total other assets |  |  | 13,054 |  |  | 6,389 |
Total assets acquired |  |  | 14,243 |  |  | 11,980 |
Liabilities Assumed: |  |  |  |  |  |  |
Current liabilities |  |  | 41 |  |  | 82 |
Total liabilities assumed |  |  | 41 |  |  | 82 |
Net assets acquired |  | $ | 14,202 |  | $ | 11,898 |
Business Acquisition, Pro Forma Information | The pro forma results have been prepared for comparative purposes only and do not purport to indicate the results of operations which would actually have occurred had the combinations been in effect on the dates indicated or which may occur in the future.
|  | Years Ended December 31, |
|  | 2016 |  | 2015 |
|  | (In thousands, except per share data) |
Pro forma Consolidated Results of Operations |  |  |  |  |  |  |
Net operating revenue |  | $ | 142,591 |  | $ | 139,458 |
Station operating expense |  |  | 101,557 |  |  | 102,401 |
Corporate general and administrative |  |  | 10,980 |  |  | 10,091 |
Other operating (income) expenses, net |  |  | (1,393) |  |  | 541 |
Impairment of intangible assets |  |  | — |  |  | 874 |
Operating income |  |  | 31,447 |  |  | 25,551 |
Interest expense |  |  | 776 |  |  | 888 |
Write-off of debt issuance costs |  |  | — |  |  | 557 |
Other income |  |  | — |  |  | (417) |
Income before income tax expense |  |  | 30,671 |  |  | 24,523 |
Income tax expense |  |  | 12,494 |  |  | 10,242 |
Net income |  | $ | 18,177 |  | $ | 14,281 |
Basic earnings per share |  | $ | 3.10 |  | $ | 2.46 |
Diluted earnings per share |  | $ | 3.09 |  | $ | 2.44 |
Business Acquisition, Pro Forma Information By Segment |
|  | Years Ended December 31, |
|  | 2016 |  | 2015 |
|  | (In thousands) |
Radio Broadcasting Segment |  |  |  |  |  |  |
Net operating revenue |  | $ | 118,955 |  | $ | 118,394 |
Station operating expense |  |  | 86,814 |  |  | 88,321 |
Other operating (income) expenses, net |  |  | (1,351) |  |  | 499 |
Impairment of intangible assets |  |  | — |  |  | 874 |
Operating income |  | $ | 33,492 |  | $ | 28,700 |
|  | Years Ended December 31, |
|  | 2016 |  | 2015 |
|  | (In thousands) |
Television Broadcasting Segment |  |  |  |  |  |  |
Net operating revenue |  | $ | 23,636 |  | $ | 21,064 |
Station operating expense |  |  | 14,743 |  |  | 14,080 |
Other operating (income) expenses, net |  |  | (42) |  |  | 32 |
Operating income |  | $ | 8,935 |  | $ | 6,952 |
Reconciliation of pro forma segment operating income to pro forma consolidated operating income:
|  |  |  |  |  | Corporate and |  |  |
|  | Radio |  | Television |  | Other |  | Consolidated |
|  | (In thousands) |
Year Ended December 31, 2016: |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenue |  | $ | 118,955 |  | $ | 23,636 |  | $ | — |  | $ | 142,591 |
Station operating expense |  |  | 86,814 |  |  | 14,743 |  |  | — |  |  | 101,557 |
Corporate general and administrative |  |  | — |  |  | — |  |  | 10,980 |  |  | 10,980 |
Other operating income |  |  | (1,351) |  |  | (42) |  |  | — |  |  | (1,393) |
Impairment of intangible assets |  |  | — |  |  | — |  |  | — |  |  | — |
Operating income (loss) |  | $ | 33,492 |  | $ | 8,935 |  | $ | (10,980) |  | $ | 31,447 |
|  |  |  |  |  | Corporate and |  |  |
|  | Radio |  | Television |  | Other |  | Consolidated |
|  | (In thousands) |
Year Ended December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |
Net operating revenue |  | $ | 118,394 |  | $ | 21,064 |  | $ | — |  | $ | 139,458 |
Station operating expense |  |  | 88,321 |  |  | 14,080 |  |  | — |  |  | 102,401 |
Corporate general and administrative |  |  | — |  |  | — |  |  | 10,091 |  |  | 10,091 |
Other operating expense |  |  | 499 |  |  | 32 |  |  | 10 |  |  | 541 |
Impairment of intangible assets |  |  | 874 |  |  | — |  |  | — |  |  | 874 |
Operating income (loss) |  | $ | 28,700 |  | $ | 6,952 |  | $ | (10,101) |  | $ | 25,551 |

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