CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| Income Statement Abstract | ||||
| NET REVENUES | $ 100,592,000 | $ 100,201,000 | $ 179,012,000 | $ 178,436,000 |
| OPERATING EXPENSE: | ||||
| Station operating expenses, including non-cash compensation expense | 70,000,000 | 68,221,000 | 129,367,000 | 126,182,000 |
| Depreciation and amortization expense | 1,905,000 | 1,867,000 | 3,860,000 | 3,841,000 |
| Corporate general and administrative expenses, including non-cash compensation expense | 6,451,000 | 6,359,000 | 12,730,000 | 12,775,000 |
| Impairment loss | 0 | 0 | 0 | 0 |
| Merger and acquisition period costs | 2,031,000 | 0 | 3,754,000 | 0 |
| Net time brokerage agreement (income) fees | 0 | 0 | 0 | 0 |
| Net (gain) loss on sale or disposal of assets | (410,000) | (162,000) | (567,000) | (202,000) |
| Total operating expense | 79,977,000 | 76,285,000 | 149,144,000 | 142,596,000 |
| OPERATING INCOME (LOSS) | 20,615,000 | 23,916,000 | 29,868,000 | 35,840,000 |
| OTHER (INCOME) EXPENSE: | ||||
| Net interest expense | 9,313,000 | 9,812,000 | 18,592,000 | 19,715,000 |
| Net (gain) loss on extinguishment of debt | 0 | 0 | 0 | 0 |
| Net (gain) loss on derivative instruments | 0 | 0 | 0 | 0 |
| Net (gain) loss on investments | 0 | 0 | 0 | 0 |
| Other income | 0 | 55,000 | 0 | 0 |
| TOTAL OTHER EXPENSE | 9,313,000 | 9,867,000 | 18,592,000 | 19,715,000 |
| INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) | 11,302,000 | 14,049,000 | 11,276,000 | 16,125,000 |
| INCOME TAXES (BENEFIT) | 4,555,000 | 5,912,000 | 4,622,000 | 6,625,000 |
| NET INCOME (LOSS) | $ 6,747,000 | $ 8,137,000 | $ 6,654,000 | $ 9,500,000 |
| NET INCOME (LOSS) PER SHARE - BASIC | ||||
| NET INCOME (LOSS) PER SHARE - BASIC | $ 0.18 | $ 0.22 | $ 0.17 | $ 0.25 |
| NET INCOME (LOSS) PER SHARE - DILUTED | ||||
| NET INCOME (LOSS) PER SHARE - DILUTED | $ 0.17 | $ 0.21 | $ 0.17 | $ 0.25 |
| WEIGHTED AVERAGE SHARES: | ||||
| Basic | 38,074,240 | 37,686,679 | 38,071,049 | 37,681,004 |
| Diluted | 38,928,610 | 38,445,886 | 39,026,880 | 38,515,072 |
| X | ||||||||||
- Definition Expense to lease other radio stations No definition available.
|
| X | ||||||||||
- Definition The capitalized costs incurred during the period (excluded from amortization) to purchase, lease or otherwise acquire an unproved property, including costs of lease bonuses and options to purchase or lease properties, the portion of costs applicable to minerals when land including mineral rights is purchased in fee, brokers' fees, recording fees, legal costs, and other costs incurred in acquiring properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|