v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement Abstract        
NET REVENUES $ 380,665 $ 372,124 $ 689,670 $ 672,684
OPERATING EXPENSE:        
Station operating expenses 279,170 275,839 528,155 531,563
Depreciation and amortization expense 10,964 10,666 22,069 19,137
Corporate general and administrative expenses 17,315 19,032 38,250 37,701
Integration Costs 1,456 9,494 2,591 19,223
Restructuring Charges 3,362 686 4,376 2,167
Impairment loss 0 28,988 0 28,988
Merger and acquisition costs 33 687 42 2,071
Other expenses related to financing 1,864 0 1,864 0
Net time brokerage agreement (income) fees 53 (666) 93 (1,092)
Net (gain) loss on sale or disposal of assets 1,686 (154) (2,914) (315)
Total operating expense 315,903 344,572 594,526 639,443
OPERATING INCOME (LOSS) 64,762 27,552 95,144 33,241
OTHER (INCOME) EXPENSE:        
Net interest expense 24,944 25,706 50,164 49,110
Net (gain) loss on extinguishment of debt 1,781 0 1,781 0
Other income 1,781 0 1,781 0
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 38,037 1,846 43,199 (15,869)
INCOME TAXES (BENEFIT) 12,045 249 14,083 (3,260)
NET INCOME (LOSS) AVAILABLE TO THE COMPANY - CONTINUING OPERATIONS $ 25,992 $ 1,597 $ 29,116 $ (12,609)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS PER SHARE - DILUTED $ 0.19 $ 0.02 $ 0.21 $ (0.08)
Income Loss From Discontinued Operations Net Of Tax $ 0 $ 844 $ 0 $ 1,172
NET INCOME (LOSS) $ 25,992 $ 2,441 $ 29,116 $ (11,437)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS PER SHARE - BASIC        
Net income (loss) from continuing operations per share available to common shareholders - Basic $ 0.19 $ 0.01 $ 0.21 $ (0.09)
Net income (loss) from discontinued operations per share available to common shareholders - Basic 0 0.01 0 0.01
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS PER SHARE - BASIC 0.19 0.02 0.21 (0.08)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS PER SHARE - DILUTED        
Net income (loss) from continuing operations per share available to common shareholders - Diluted 0.19 0.01 0.21 (0.09)
Net income (loss) from discontinued operations per share available to common shareholders - Diluted $ 0 $ 0.01 $ 0 $ 0.01
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS- CONTINUING OPERATIONS $ 25,992 $ 1,597 $ 29,116 $ (12,609)
WEIGHTED AVERAGE SHARES:        
Basic 138,760,483 138,638,554 138,684,845 138,961,728
Diluted 139,074,229 139,263,363 139,221,904 138,961,728