Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 117 $ 3
Trade accounts receivable (net of allowances of $11,019 in 2017 and $9,732 in 2018) 33,020 32,545
Unbilled revenue 2,513 2,298
Other receivables (net of allowances of $227 in 2017 and $158 in 2018) 806 820
Inventories (net of reserves of $1,657 in 2017 and $994 in 2018) 677 730
Prepaid expenses 6,504 6,824
Assets held for sale   3,500
Total current assets 43,637 46,720
Land held for sale   1,000
Notes receivable (net of allowance of $759 in 2017 and $733 in 2018) 218 53
Property and equipment (net of accumulated depreciation of $164,720 in 2017 and $170,842 in 2018) 96,508 99,480
Broadcast licenses 376,316 380,914
Goodwill 26,789 26,424
Other indefinite-lived intangible assets 277 313
Amortizable intangible assets (net of accumulated amortization of $47,179 in 2017 and $53,180 in 2018) 11,264 13,104
Deferred financing costs 381 550
Deferred income taxes   1,070
Other assets 3,638 3,191
Total assets 559,028 572,819
Current liabilities:    
Accounts payable 2,187 1,584
Accrued expenses 10,104 9,281
Accrued compensation and related expenses 7,582 7,643
Accrued interest 1,375 1,445
Contract liabilities 11,537 12,763
Deferred rent expense 108 152
Income taxes payable 267 172
Current portion of long-term debt and capital lease obligations 19,718 9,109
Total current liabilities 52,878 42,149
Long-term debt and capital lease obligations, less current portion 234,135 249,579
Deferred income taxes 35,272 34,151
Deferred rent expense, long-term 13,431 13,644
Contract liabilities, long-term 1,379 1,951
Other long-term liabilities 64 64
Total liabilities 337,159 341,538
Commitments and contingencies (Note 14)
Additional paid-incapital 245,220 244,634
Accumulated earnings 10,372 20,370
Treasury stock, at cost (2,317,650 shares at December 31, 2017 and 2018) (34,006) (34,006)
Total stockholders' equity 221,869 231,281
Total liabilities and stockholders' equity 559,028 572,819
Common Class A [Member]    
Current liabilities:    
Common stock 227 227
Total stockholders' equity 227 227
Common Class B [Member]    
Current liabilities:    
Common stock 56 56
Total stockholders' equity $ 56 $ 56