Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.10.0.1
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Significant Changes in Our Contract Liabilities
Significant changes in our contract liabilities balances during the period are as follows:
 
 
Short Term
 
 
Long-Term
 
 
 
(Dollars in thousands)
 
Balance, beginning of period January 1, 2018
 
$
12,763
 
 
$
1,951
 
Revenue recognized during the period that was included in the beginning balance of contract liabilities
 
 
(5,393
)
 
 
—
 
Additional amounts recognized during the period
 
 
9,122
 
 
 
240
 
Revenue recognized during the period that was recorded during the period
 
 
(5,920
)
 
 
—
 
Transfers
 
 
828
 
 
 
(828
)
Balance, end of period June 30, 2018
 
$
11,400
 
 
$
1,363
 
 
 
 
 
 
 
 
 
 
Amount refundable at beginning of period
 
$
12,450
 
 
$
1,677
 
Amount refundable at end of period
 
$
11,215
 
 
$
1,363
 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
We expect to satisfy these performance obligations as follows:
 
 
 
Amount
 
For the Twelve Months Ended June 30,
 
(Dollars in thousands)
 
2019
 
$
11,400
 
2020
 
 
759
 
2021
 
 
254
 
2022
 
 
124
 
2023
 
 
74
 
Thereafter
 
 
152
 
 
 
$
12,763
 
Trade and Barter Transactions Expenses
Trade and barter revenues and expenses were as follows:
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30,
 
 
June 30,
 
 
 
2017
 
 
2018
 
 
2017
 
 
2018
 
 
 
(Dollars in thousands)
 
Net broadcast barter revenue
 
$
1,222
 
 
$
1,841
 
 
$
2,525
 
 
$
3,531
 
Net digital media barter revenue
 
 
—
 
 
 
48
 
 
 
—
 
 
 
93
 
Net publishing barter revenue
 
 
14
 
 
 
6
 
 
 
40
 
 
 
7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net broadcast barter expense
 
$
1,046
 
 
$
1,487
 
 
$
2,265
 
 
$
2,753
 
Net digital media barter expense
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Net publishing barter expense
 
 
8
 
 
 
2
 
 
 
83
 
 
 
2
 
Reconciliation of Revenue from Segments to Consolidated
The following table presents our revenues disaggregated by revenue source for each of our three operating segments:
 
 
 
Six Months Ended June 30, 2018
 
 
 
Broadcast
 
 
Digital Media
 
 
Publishing
 
 
Consolidated
 
 
 
(dollars in thousands)
 
By Source of Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Block Programming - National
 
$
24,802
 
 
$
-
 
 
$
-
 
 
$
24,802
 
Block Programming - Local
 
 
16,302
 
 
 
-
 
 
 
-
 
 
 
16,302
 
Spot Advertising - National
 
 
8,256
 
 
 
-
 
 
 
-
 
 
 
8,256
 
Spot Advertising - Local
 
 
27,789
 
 
 
-
 
 
 
-
 
 
 
27,789
 
Infomercials
 
 
1,006
 
 
 
-
 
 
 
-
 
 
 
1,006
 
Network
 
 
9,599
 
 
 
-
 
 
 
-
 
 
 
9,599
 
Digital Advertising
 
 
3,355
 
 
 
10,877
 
 
 
236
 
 
 
14,468
 
Digital Streaming
 
 
397
 
 
 
2,262
 
 
 
-
 
 
 
2,659
 
Digital Downloads and eBooks
 
 
-
 
 
 
2,496
 
 
 
642
 
 
 
3,138
 
Subscriptions
 
 
524
 
 
 
3,800
 
 
 
483
 
 
 
4,807
 
Book Sales and e-commerce
 
 
260
 
 
 
1,042
 
 
 
6,334
 
 
 
7,636
 
Self-Publishing fees
 
 
-
 
 
 
-
 
 
 
2,502
 
 
 
2,502
 
Advertising - Print
 
 
14
 
 
 
-
 
 
 
268
 
 
 
282
 
Other Revenues
 
 
6,309
 
 
 
177
 
 
 
335
 
 
 
6,821
 
 
 
$
98,613
 
 
$
20,654
 
 
$
10,800
 
 
$
130,067
 
Timing of Revenue Recognition
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Point in Time
 
$
97,593
 
 
$
20,600
 
 
$
10,760
 
 
$
128,953
 
Rental Income
 
 
1,020
 
 
 
54
 
 
 
40
 
 
 
1,114
 
 
 
$
98,613
 
 
$
20,654
 
 
$
10,800
 
 
$
130,067
 
 
 
(1)
Rental income is not applicable to ASC Topic 606, but shown for the purpose of identifying each revenue source presented in total revenue on our Condensed Consolidated Financial Statements within this report on Form 10-Q.