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Quarterly Results of Operations (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Results of Operations (Unaudited) |
Quarterly Results of Operations |
|  | March 31, |  | June 30, |  | September 30, |  | December 31,
|  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | (In thousands, except per share data)
Net operating revenue |  | $ | 27,816 |  | $ | 28,009 |  | $ | 32,191 |  | $ | 32,234 |  | $ | 31,274 |  | $ | 31,648 |  | $ | 31,791 |  | $ | 32,938
Station operating expenses |  |  | 23,163 |  |  | 23,397 |  |  | 22,879 |  |  | 23,140 |  |  | 23,600 |  |  | 23,429 |  |  | 23,050 |  |  | 23,761
Corporate G&A |  |  | 2,685 |  |  | 2,544 |  |  | 2,706 |  |  | 2,848 |  |  | 2,788 |  |  | 2,813 |  |  | 3,281 |  |  | 3,154
Other operating expense (income), net |  |  | 3 |  |  | (251) |  |  | (2) |  |  | 213 |  |  | 85 |  |  | 85 |  |  | 26 |  |  | 14
Operating income |  |  | 1,965 |  |  | 2,319 |  |  | 6,608 |  |  | 6,033 |  |  | 4,801 |  |  | 5,321 |  |  | 5,434 |  |  | 6,009
Other (income) expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 208 |  |  | 219 |  |  | 184 |  |  | 255 |  |  | 180 |  |  | 243 |  |  | 163 |  |  | 229
Interest (income) |  |  | (163) |  |  | (89) |  |  | (160) |  |  | (188) |  |  | (162) |  |  | (167) |  |  | (125) |  |  | (187)
Other (income) expense |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11) |  |  | (25) |  |  | (5) |  |  | 2
Income before income taxes |  |  | 1,920 |  |  | 2,189 |  |  | 6,584 |  |  | 5,966 |  |  | 4,794 |  |  | 5,270 |  |  | 5,401 |  |  | 5,965
Income tax provision |  |  | 550 |  |  | 660 |  |  | 1,850 |  |  | 1,795 |  |  | 1,460 |  |  | 1,575 |  |  | 1,560 |  |  | 1,670
Net income |  | $ | 1,370 |  | $ | 1,529 |  | $ | 4,734 |  | $ | 4,171 |  | $ | 3,334 |  | $ | 3,695 |  | $ | 3,841 |  | $ | 4,295
Basic earnings per share |  | $ | 0.23 |  | $ | 0.26 |  | $ | 0.80 |  | $ | 0.70 |  | $ | 0.56 |  | $ | 0.62 |  | $ | 0.64 |  | $ | 0.72
Weighted average common shares |  |  | 5,841 |  |  | 5,842 |  |  | 5,844 |  |  | 5,834 |  |  | 5,834 |  |  | 5,822 |  |  | 5,817 |  |  | 5,820
Diluted earnings per share |  | $ | 0.23 |  | $ | 0.26 |  | $ | 0.80 |  | $ | 0.70 |  | $ | 0.56 |  | $ | 0.62 |  | $ | 0.64 |  | $ | 0.72
Weighted average common and common equivalent shares |  |  | 5,841 |  |  | 5,842 |  |  | 5,844 |  |  | 5,834 |  |  | 5,834 |  |  | 5,822 |  |  | 5,817 |  |  | 5,820

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