Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 17 $ 3
Trade accounts receivable (net of allowances of $11,019 in 2017 and $10,764 in 2018) 35,058 32,545
Unbilled revenue 2,149 2,298
Other receivables (net of allowances of $227 in 2017 and $163 in 2018) 898 820
Inventories (net of reserves of $1,657 in 2017 and $796 in 2018) 891 730
Prepaid expenses 7,376 6,824
Assets held for sale 1,375 3,500
Total current assets 47,764 46,720
Land held for sale   1,000
Notes receivable (net of allowance of $759 in 2017 and $748 in 2018) 217 53
Property and equipment (net of accumulated depreciation of $164,720 in 2017 and $167,934 in 2018) 96,712 99,480
Broadcast licenses 379,182 380,914
Goodwill 26,789 26,424
Other indefinite-lived intangible assets 313 313
Amortizable intangible assets (net of accumulated amortization of $47,179 in 2017 and $51,545 in 2018) 12,899 13,104
Deferred financing costs 397 550
Deferred income taxes 1,070 1,070
Other assets 3,590 3,191
Total assets 568,933 572,819
Current liabilities:    
Accounts payable 4,583 1,584
Accrued expenses 10,877 9,281
Accrued compensation and related expenses 9,556 7,643
Accrued interest 5,521 1,445
Contract liabilities 12,348 12,763
Deferred rent expense 142 152
Income taxes payable 241 172
Current portion of long-term debt and capital lease obligations 10,228 9,109
Total current liabilities 53,496 42,149
Long-term debt and capital lease obligations, less current portion 240,182 249,579
Deferred income taxes 33,850 34,151
Deferred rent expense, long term 13,339 13,644
Contract liabilities, long-term 1,553 1,951
Other long-term liabilities 62 64
Total liabilities 342,482 341,538
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Additional paid-in capital 245,040 244,634
Accumulated earnings 15,134 20,370
Treasury stock, at cost (2,317,650 shares at December 31, 2017 and September 30, 2018) (34,006) (34,006)
Total stockholders' equity 226,451 231,281
Total liabilities and stockholders' equity 568,933 572,819
Common Class A [Member]    
Stockholders' Equity:    
Common stock 227 227
Common Class B [Member]    
Stockholders' Equity:    
Common stock $ 56 $ 56