Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 6 $ 117
Trade accounts receivable (net of allowances of $9,732 in 2018 and $10,947 in 2019) 30,824 33,020
Unbilled revenue 2,749 2,513
Other receivables (net of allowances of $158 in 2018 and $— in 2019) 1,352 806
Inventories (net of reserves of $994 in 2018 and $1,271 in 2019) 717 677
Prepaid expenses 5,890 6,504
Assets held for sale 185  
Total current assets 41,723 43,637
Notes receivable (net of allowance of $733 in 2018 and $954 in 2019) 667 218
Property and equipment (net of accumulated depreciation of $170,756 in 2018 and $173,122 in 2019) 87,673 96,344
Operating lease right-of-use assets 54,550  
Financing lease right-of-use assets 180 164
Broadcast licenses 337,858 376,316
Goodwill 23,998 26,789
Other indefinite-lived intangible assets 260 277
Amortizable intangible assets (net of accumulated amortization of $53,180 in 2018 and $55,617 in 2019) 7,100 11,264
Deferred financing costs 224 381
Other assets 4,197 3,638
Total assets 558,430 559,028
Current liabilities:    
Accounts payable 3,468 2,187
Accrued expenses 9,395 10,104
Accrued compensation and related expenses 7,895 7,582
Accrued interest 1,262 1,375
Contract liabilities 9,493 11,537
Deferred rent income 110 108
Income taxes payable 531 267
Current portion of operating lease liabilities 8,485  
Current portion of financing (capital) lease liabilities 69 58
Current portion of long-term debt 12,426 19,660
Total current liabilities 53,134 52,878
Long-term debt, less current portion 216,468 234,030
Operating lease liabilities, less current portion 54,050  
Financing (capital) lease liabilities, less current portion 124 105
Deferred income taxes 38,778 35,272
Deferred rent expense, long-term   9,382
Contract liabilities, long-term 1,744 1,379
Deferred rent income, less current portion 3,956 4,049
Other long-term liabilities 513 64
Total liabilities 368,767 337,159
Commitments and contingencies (Note 16)
Stockholders' Equity:    
Additional paid-in capital 246,680 245,220
Accumulated earnings (deficit) 23,294 10,372
Treasury stock, at cost (2,317,650 shares at December 31, 2018 and 2019) (34,006) (34,006)
Total stockholders' equity 189,663 221,869
Total liabilities and stockholders' equity 558,430 559,028
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