Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4 $ 117
Trade accounts receivable (net of allowances of $9,732 in 2018 and $8,858 in 2019) 30,405 33,020
Unbilled revenue 2,107 2,513
Other receivables (net of allowances of $158 in 2018 and $9 in 2019 ) 916 806
Inventories (net of reserves of $994 in 2018 and $1,079 in 2019) 533 677
Prepaid expenses 5,117 6,504
Assets held for sale 750  
Total current assets 39,832 43,637
Notes receivable (net of allowance of $733 in 2018 and $1,016 in 2019) 998 218
Property and equipment (net of accumulated depreciation of $170,756 in 2018 and $173,055 in 2019) 95,546 96,344
Operating lease right-of-use assets 63,120  
Financing lease right-of-use assets 219 164
Broadcast licenses 372,025 376,316
Goodwill 26,445 26,789
Other indefinite-lived intangible assets 277 277
Amortizable intangible assets (net of accumulated amortization of $53,180 in 2018 and $52,279 in 2019) 9,639 11,264
Deferred financing costs 338 381
Other assets 3,828 3,638
Total assets 612,267 559,028
Current liabilities:    
Accounts payable 5,211 2,187
Accrued expenses 9,140 10,104
Accrued compensation and related expenses 9,227 7,582
Accrued interest 5,238 1,375
Contract liabilities 11,581 11,537
Deferred rent income 108 108
Income taxes payable 397 267
Current portion of operating lease liabilities 9,464  
Current portion of financing (capital) lease liabilities 74 58
Current portion of long-term debt 16,000 19,660
Total current liabilities 66,440 52,878
Long-term debt, less current portion 227,683 234,030
Operating lease liabilities, less current portion 61,847  
Financing (capital) lease liabilities, less current portion 156 105
Deferred income taxes 29,968 35,272
Deferred rent expense, long term   9,382
Contract liabilities, long-term 1,418 1,379
Deferred rent income, less current 4,026 4,049
Other long-term liabilities 64 64
Total liabilities 391,602 337,159
Commitments and contingencies (Note 17)
Stockholders' Equity:    
Additional paid-in capital 245,396 245,220
Accumulated earnings 8,992 10,372
Treasury stock, at cost (2,317,650 shares at December 31, 2018 and March 31, 2019) (34,006) (34,006)
Total stockholders' equity 220,665 221,869
Total liabilities and stockholders' equity 612,267 559,028
Common Class A [Member]    
Stockholders' Equity:    
Common stock 227 227
Total stockholders' equity 227 227
Common Class B [Member]    
Stockholders' Equity:    
Common stock 56 56
Total stockholders' equity $ 56 $ 56