v3.4.0.3

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Income Statement Abstract |  |
NET REVENUES | $ 96,103 | $ 78,420
OPERATING EXPENSE: |  |
Station operating expenses, including non-cash compensation expense | 71,715 | 59,367
Depreciation and amortization expense | 2,447 | 1,955
Corporate general and administrative expenses, including non-cash compensation expense | 7,598 | 6,279
Impairment loss | 62 | 0
Merger and acquisition costs and restructuring charges | 0 | 1,723
Net time brokerage agreement (income) fees | 0 | 0
Net (gain) loss on sale or disposal of assets | (464) | (157)
Total operating expense | 81,358 | 69,167
OPERATING INCOME (LOSS) | 14,745 | 9,253
OTHER (INCOME) EXPENSE: |  |
Net interest expense | 9,392 | 9,279
Net (gain) loss on extinguishment of debt | 0 | 0
Net (gain) loss on derivative instruments | 0 | 0
Net (gain) loss on investments | 0 | 0
Other income | 0 | 0
TOTAL OTHER EXPENSE | 9,392 | 9,279
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) | 5,353 | (26)
INCOME TAXES (BENEFIT) | 941 | 67
NET INCOME (LOSS) | 4,412 | (93)
Preferred stock dividend | (413) | 0
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS | $ 3,999 | $ (93)
NET INCOME (LOSS) PER SHARE - BASIC |  |
NET INCOME (LOSS) PER SHARE - BASIC | $ 0.1 | $ 0
NET INCOME (LOSS) PER SHARE - DILUTED |  |
NET INCOME (LOSS) PER SHARE - DILUTED | $ 0.1 | $ 0
WEIGHTED AVERAGE SHARES: |  |
Basic | 38,447,724 | 38,026,469
Diluted | 39,259,540 | 38,026,469

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