Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 278 $ 65
Trade accounts receivable (net of allowance for doubtful accounts of $10,809 in 2013 and $11,116 in 2014) 36,021 37,627
Other receivables 2,098 720
Inventories (net of reserves of $2,562 in 2014) 564  
Prepaid expenses 5,639 4,049
Deferred income taxes 6,876 6,876
Assets held for sale 1,700 1,700
Assets of discontinued operations   8
Total current assets 53,176 51,045
Notes receivable (net of allowance of $548 in 2013 and $968 in 2014) 2,240 1,866
Fair value of interest rate swap 2,081 3,177
Property, plant and equipment (net of accumulated depreciation of $145,215 in 2013 and $148,255 in 2014) 99,639 98,928
Broadcast licenses 383,606 381,836
Goodwill 24,709 22,374
Other indefinite-lived intangible assets 868 868
Amortizable intangible assets (net of accumulated amortization of $27,933 in 2013 and $29,542 in 2014) 16,897 8,793
Deferred financing costs 3,962 4,130
Other assets 1,769 2,096
Total assets 588,947 575,113
Current liabilities:    
Accounts payable 3,897 3,960
Accrued expenses 12,760 7,888
Accrued compensation and related expenses 7,778 6,913
Accrued interest 18 37
Deferred revenue 13,488 9,721
Income tax payable 191 142
Current portion of long-term debt and capital lease obligations 2,439 3,121
Total current liabilities 40,571 31,782
Long-term debt and capital lease obligations, less current portion 288,445 287,672
Deferred income taxes 43,429 43,457
Deferred revenue 10,515 9,965
Other liabilities 4,076 452
Total liabilities 387,036 373,328
Commitments and contingencies (Note 16)      
Stockholders' equity:    
Additional paid-in capital 238,717 237,579
Retained earnings (accumulated deficit) (3,075) (2,062)
Treasury stock, at cost (2,317,650 shares at December 31, 2013 and March 31, 2014) (34,006) (34,006)
Total stockholders' equity 201,911 201,785
Total liabilities and stockholders' equity 588,947 575,113
Class A Common Stock
    
Stockholders' equity:    
Common stock 219 218
Class B Common Stock
    
Stockholders' equity:    
Common stock $ 56 $ 56