v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Summary of Significant Accounting Policies  
Schedule of computation of basic and diluted earnings per share

Three Months Ended

 

Six Months Ended

 

June 30, 

 

June 30, 

 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

   ​ ​

(In thousands, except per share data)

 

Numerator:

 

  ​

 

  ​

  ​

 

  ​

Net income (loss)

$

960

$

1,128

$

(1,434)

$

(447)

Less: Income (Loss) allocated to unvested participating securities

 

42

 

47

 

(64)

 

(21)

Net income (loss) available to common shareholders

$

918

$

1,081

$

(1,370)

$

(426)

Denominator:

 

 

 

 

Denominator for basic earnings per share — weighted average shares

 

6,095

 

6,176

 

6,084

 

6,138

Effect of dilutive securities:

 

 

 

 

Common stock equivalents

 

 

 

 

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

 

6,095

 

6,176

 

6,084

 

6,138

Income (loss) per share:

 

 

 

 

Basic

$

0.15

$

0.18

$

(0.23)

$

(0.07)

Diluted

$

0.15

$

0.18

$

(0.23)

$

(0.07)

Schedule of allowance for credit losses

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Write Off of

  ​ ​ ​

  ​ ​ ​

Balance

Charged to

Uncollectible

Balance at

at Beginning

Costs and

Accounts, Net of

End of

Six Months Ended

   ​ ​

of Period

   ​ ​

Expenses

   ​ ​

Recoveries

   ​ ​

Period

(in thousands)

June 30, 2026

$

1,136

$

196

$

(670)

$

662

Schedule of significant departmental expenses included in station operating expenses

Three Months Ended June 30, 

Six Months Ended June 30, 

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

(In thousands)

(In thousands)

Programming and Technical

$

7,216

  ​ ​ ​

$

7,338

$

14,080

  ​ ​ ​

$

14,544

Station General and Administrative

 

6,902

 

6,615

 

13,901

 

13,765

Selling

 

5,906

 

5,713

 

11,055

 

10,871

Digital

2,666

1,807

4,978

3,470

Other (1)

 

746

 

753

 

1,434

 

1,539

Station Operating Expense

$

23,436

$

22,226

$

45,448

$

44,189

(1) Other includes production and news departments, advertising and promotional expense.