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Quarterly Results of Operations | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations |
14. |  | Quarterly Results of Operations (Unaudited)
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | 2017* |  | 2016* |  | 2017 |  | 2016* |  | 2017 |  | 2016* |  | 2017 |  | 2016* |
|  | (In thousands, except per share data) |
Net operating revenue |  | $ | 26,155 |  | $ | 27,464 |  | $ | 30,261 |  | $ | 30,866 |  | $ | 30,269 |  | $ | 29,878 |  | $ | 31,464 |  | $ | 30,747 |
Station operating expenses |  |  | 21,340 |  |  | 21,140 |  |  | 21,426 |  |  | 21,842 |  |  | 21,755 |  |  | 21,775 |  |  | 23,238 |  |  | 22,042 |
Corporate G&;A |  |  | 2,863 |  |  | 2,717 |  |  | 2,880 |  |  | 2,620 |  |  | 3,132 |  |  | 2,728 |  |  | 2,782 |  |  | 2,915 |
Other operating expense (income), net |  |  | (21) |  |  | (3) |  |  | 79 |  |  | 8 |  |  | (127) |  |  | (1,393) |  |  | 124 |  |  | 37 |
Impairment of intangible assets |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,449 |  |  | — |
Operating income from continuing operations |  |  | 1,973 |  |  | 3,610 |  |  | 5,876 |  |  | 6,396 |  |  | 5,509 |  |  | 6,768 |  |  | 3,871 |  |  | 5,753 |
Other (income) expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 208 |  |  | 179 |  |  | 229 |  |  | 182 |  |  | 254 |  |  | 187 |  |  | 212 |  |  | 196 |
Income from continuing operations before income taxes |  |  | 1,765 |  |  | 3,431 |  |  | 5,647 |  |  | 6,214 |  |  | 5,255 |  |  | 6.581 |  |  | 3,659 |  |  | 5,557 |
Income tax provision |  |  | 718 |  |  | 1,418 |  |  | 2,272 |  |  | 2,569 |  |  | 2,290 |  |  | 2,678 |  |  | (11,200) |  |  | 2,208 |
Income from continuing operations, net of tax |  |  | 1,047 |  |  | 2,013 |  |  | 3,375 |  |  | 3,645 |  |  | 2,965 |  |  | 3,903 |  |  | 14,859 |  |  | 3,349 |
Income (loss) from discontinued operations, net of tax |  |  | 891 |  |  | 1,011 |  |  | 1,159 |  |  | 1,166 |  |  | 30,451 |  |  | 1,511 |  |  | (30) |  |  | 1,588 |
Net income |  | $ | 1,938 |  | $ | 3,024 |  | $ | 4,534 |  | $ | 4,811 |  | $ | 33,416 |  | $ | 5,414 |  | $ | 14,829 |  | $ | 4,937 |
Basic earnings per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From continuing operations |  | $ | 0.18 |  | $ | 0.35 |  | $ | 0.57 |  | $ | 0.62 |  | $ | 0.50 |  | $ | 0.66 |  | $ | 2.52 |  | $ | 0.57 |
From discontinued operations |  |  | 0.15 |  |  | 0.17 |  |  | 0.20 |  |  | 0.20 |  |  | 5.16 |  |  | 0.26 |  |  | (0.01) |  |  | 0.27 |
Basic earnings per share |  | $ | 0.33 |  | $ | 0.52 |  | $ | 0.77 |  | $ | 0.82 |  | $ | 5.66 |  | $ | 0.92 |  | $ | 2.51 |  | $ | 0.84 |
Weighted average common shares |  |  | 5,795 |  |  | 5,751 |  |  | 5,803 |  |  | 5,754 |  |  | 5,807 |  |  | 5,755 |  |  | 5,815 |  |  | 5,785 |
Diluted earnings per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From continuing operations |  | $ | 0.18 |  | $ | 0.35 |  | $ | 0.57 |  | $ | 0.61 |  | $ | 0.50 |  | $ | 0.66 |  | $ | 2.52 |  | $ | 0.57 |
From discontinued operations |  |  | 0.15 |  |  | 0.17 |  |  | 0.20 |  |  | 0.20 |  |  | 5.16 |  |  | 0.26 |  |  | (0.01) |  |  | 0.27 |
Diluted earnings per share |  | $ | 0.33 |  | $ | 0.52 |  | $ | 0.77 |  | $ | 0.81 |  | $ | 5.66 |  | $ | 0.92 |  | $ | 2.51 |  | $ | 0.84 |
Weighted average common and common equivalent shares |  |  | 5,808 |  |  | 5,759 |  |  | 5,806 |  |  | 5,763 |  |  | 5,807 |  |  | 5,764 |  |  | 5,815 |  |  | 5,797 |
*Certain prior year amounts and March 31, 2017 quarterly data have been reclassified to conform with current presentation.

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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 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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