NOTES PAYABLE AND LONG-TERM DEBT (Narrative) (Details) (USD $)
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3 Months Ended |
0 Months Ended |
1 Months Ended |
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Mar. 31, 2015
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Mar. 31, 2014
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Jan. 30, 2015
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Mar. 14, 2013
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Sep. 30, 2013
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Mar. 14, 2013
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Dec. 31, 2014
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Debt Instrument [Line Items] |
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Bank loan fees written off in conjunction with the early retirement of debt |
$ 158,000us-gaap_AmortizationOfFinancingCosts
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$ 172,000us-gaap_AmortizationOfFinancingCosts
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Loss on early retirement of long-term debt |
(41,000)us-gaap_GainsLossesOnExtinguishmentOfDebt
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(8,000)us-gaap_GainsLossesOnExtinguishmentOfDebt
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Debt, accrued interest |
43,000us-gaap_InterestPayableCurrent
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48,000us-gaap_InterestPayableCurrent
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Term Loan B [Member] |
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Debt Instrument [Line Items] |
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Credit facility, borrowing capacity |
274,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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300,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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300,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Interest expense |
46,000us-gaap_InterestExpenseDebt / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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46,000us-gaap_InterestExpenseDebt / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Bank loan fees written off in conjunction with the early retirement of debt |
27,000us-gaap_AmortizationOfFinancingCosts / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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27,000us-gaap_AmortizationOfFinancingCosts / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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27,000us-gaap_AmortizationOfFinancingCosts / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Debt, issued at discount |
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298,500,000us-gaap_SeniorLongTermNotes / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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298,500,000us-gaap_SeniorLongTermNotes / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Term loan maturity year |
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7 years
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7 years
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Additional term loan amount increased |
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60,000,000us-gaap_ProceedsFromIssuanceOfDebt / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Credit facility, quarterly consecutive principal payments |
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750,000us-gaap_DebtInstrumentPeriodicPaymentPrincipal / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Loss on early retirement of long-term debt |
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15,000us-gaap_GainsLossesOnExtinguishmentOfDebt / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Floor percentage on Term Loan |
1.00%salm_FloorRateOnTermLoan / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Debt, interest rate over LIBOR |
3.50%salm_DebtInstrumentInterestAdditionalInterestAboveLondonInterbankOfferedRateRate / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Debt, interest rate above base rate |
2.50%salm_DebtInstrumentInterestAdditionalInterestAboveBaseRate / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Debt, increase in interest rate if default occurs |
2.00%salm_LineOfCreditDefaultRateAboveApplicableInterestRate / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Blended interest rate on amounts outstanding |
5.06%us-gaap_DebtInstrumentInterestRateEffectivePercentage / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Debt, issuance of principal amount |
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300,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Credit facility, floating rate, interest above prime rate |
2.50%salm_DebtInstrumentInterestAdditionalInterestAbovePrimeRate / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Debt, interest rate above LIBOR |
3.50%salm_DebtInstrumentInterestOverLondonInterbankOfferedRateRate / us-gaap_DebtInstrumentAxis = salm_TermBLoanMember
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Revolver [Member] |
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Debt Instrument [Line Items] |
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Credit facility, borrowing capacity |
$ 500,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_DebtInstrumentAxis = salm_RevolverMember
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$ 25,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_DebtInstrumentAxis = salm_RevolverMember
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$ 25,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_DebtInstrumentAxis = salm_RevolverMember
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Term loan maturity year |
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5 years
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Debt, interest rate over LIBOR |
3.00%salm_DebtInstrumentInterestAdditionalInterestAboveLondonInterbankOfferedRateRate / us-gaap_DebtInstrumentAxis = salm_RevolverMember
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Debt, interest rate above base rate |
2.00%salm_DebtInstrumentInterestAdditionalInterestAboveBaseRate / us-gaap_DebtInstrumentAxis = salm_RevolverMember
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Commitment fees on any unused portion |
0.50%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage / us-gaap_DebtInstrumentAxis = salm_RevolverMember
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Revolver under senior credit facility [Member] |
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Debt Instrument [Line Items] |
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Revolving credit facility, covenant description |
With respect to financial covenants, the credit agreement includes a minimum interest coverage ratio, which started at 1.50 to 1.0 and steps up to 2.50 to 1.0 by 2016 and a maximum leverage ratio, which started at 6.75 to 1.0 and steps down to 5.75 to 1.0 by 2017. The credit agreement also includes other negative covenants that are customary for credit facilities of this type, including covenants that, subject to exceptions described in the credit agreement, restrict the ability of Salem and its subsidiary guarantors
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Interest coverage ratio |
3.25%salm_InterestCoverageRatio / us-gaap_DebtInstrumentAxis = us-gaap_RevolvingCreditFacilityMember
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2.25%salm_InterestCoverageRatio / us-gaap_DebtInstrumentAxis = us-gaap_RevolvingCreditFacilityMember
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Leverage ratio |
5.35%salm_LeverageRatio / us-gaap_DebtInstrumentAxis = us-gaap_RevolvingCreditFacilityMember
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Revolver under senior credit facility [Member] | Minimum [Member] |
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Debt Instrument [Line Items] |
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Leverage ratio |
5.75%salm_LeverageRatio / us-gaap_DebtInstrumentAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MinimumMember
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Revolver under senior credit facility [Member] | Maximum [Member] |
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Debt Instrument [Line Items] |
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Leverage ratio |
6.25%salm_LeverageRatio / us-gaap_DebtInstrumentAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember
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6.75%salm_LeverageRatio / us-gaap_DebtInstrumentAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember
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Revolver under senior credit facility [Member] | Covenant requirement [Member] | Minimum [Member] |
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Debt Instrument [Line Items] |
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Interest coverage ratio |
1.50%salm_InterestCoverageRatio / us-gaap_DebtInstrumentAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_LongtermDebtTypeAxis = salm_CovenantRequirementMember / us-gaap_RangeAxis = us-gaap_MinimumMember
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Revolver under senior credit facility [Member] | Covenant requirement [Member] | Maximum [Member] |
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Debt Instrument [Line Items] |
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Interest coverage ratio |
2.50%salm_InterestCoverageRatio / us-gaap_DebtInstrumentAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_LongtermDebtTypeAxis = salm_CovenantRequirementMember / us-gaap_RangeAxis = us-gaap_MaximumMember
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