v3.26.1
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statements of Income        
Net revenues $ 616,749 $ 579,311 $ 1,144,753 $ 1,084,741
Operating expenses (income):        
Direct advertising expenses (exclusive of depreciation and amortization) 194,223 186,776 377,538 366,773
General and administrative expenses (exclusive of depreciation and amortization) 96,232 89,315 193,807 184,307
Corporate expenses (exclusive of depreciation and amortization) 36,573 31,605 68,287 62,777
Depreciation and amortization 84,446 78,110 166,385 155,931
Gain on disposition of assets and investments (2,685) (4,176) (15,287) (73,961)
Costs and expenses, total 408,789 381,630 790,730 695,827
Operating income 207,960 197,681 354,023 388,914
Other (income) expense:        
Interest income (528) (597) (899) (1,089)
Interest expense 41,105 40,700 81,644 79,032
Equity in loss (earnings) of investee 0 174 0 (206)
Total other (income) expense 40,577 40,277 80,745 77,737
Income before income tax expense 167,383 157,404 273,278 311,177
Income tax expense 2,743 2,388 6,793 16,932
Net income 164,640 155,016 266,485 294,245
Net income attributable to non-controlling interest 3,891 661 4,449 1,135
Net income attributable to controlling interest 160,749 154,355 262,036 293,110
Cash dividends declared and paid on preferred stock 91 91 182 182
Net income applicable to common stock $ 160,658 $ 154,264 $ 261,854 $ 292,928
Earnings per share:        
Basic earnings per share (in dollars per share) $ 1.58 $ 1.52 $ 2.58 $ 2.88
Diluted earnings per share (in dollars per share) 1.58 1.52 2.58 2.87
Cash dividends declared per share of common stock (in dollars per share) $ 1.60 $ 1.55 $ 3.20 $ 3.10
Weighted average common shares outstanding used in computing earnings per share:        
Weighted average common shares outstanding, Basic (in shares) 101,493,028 101,271,391 101,433,763 101,851,428
Weighted average common shares outstanding, Diluted (in shares) 101,592,453 101,653,373 101,525,836 102,233,863
Statements of Comprehensive Income        
Net income $ 164,640 $ 155,016 $ 266,485 $ 294,245
Other comprehensive (loss) income, net of tax:        
Foreign currency translation adjustments (424) 1,017 (872) 696
Comprehensive income 164,216 156,033 265,613 294,941
Net income attributable to non-controlling interest 3,891 661 4,449 1,135
Comprehensive income attributable to controlling interest $ 160,325 $ 155,372 $ 261,164 $ 293,806