Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 19,298 $ 6
Trade accounts receivable (net of allowances of $10,947 in 2019 and $13,399 in 2020) 24,223 30,824
Unbilled revenue 2,875 2,749
Other receivables 1,128 1,352
Inventories (net of reserves of $1,271 in 2019 and $1,447 in 2020) 618 717
Prepaid expenses 7,233 5,890
Assets held for sale 3,334 185
Total current assets 58,709 41,723
Notes receivable (net of allowance of $954 in 2019 and $477 in 2020) 792 667
Property and equipment (net of accumulated depreciation of $173,122 in 2019 and $177,732 in 2020) 80,723 87,673
Operating lease right-of-use assets 49,002 54,550
Financing lease right-of-use assets 126 180
Broadcast licenses 319,773 337,858
Goodwill 23,757 23,998
Other indefinite-lived intangible assets 0 260
Amortizable intangible assets (net of accumulated amortization of $55,617 in 2019 and $58,195 in 2020) 4,719 7,100
Deferred financing costs 226 224
Other assets 2,790 4,197
Total assets 540,617 558,430
Current liabilities:    
Accounts payable 2,978 3,468
Accrued expenses 9,157 9,395
Accrued compensation and related expenses 9,797 7,895
Accrued interest 4,884 1,262
Contract liabilities 14,713 9,493
Deferred rent income 112 110
Income taxes payable 561 531
Current portion of operating lease liabilities 8,958 8,485
Current portion of financing (capital) lease liabilities 56 69
Current portion of long-term debt 16,600 12,426
Total current liabilities 67,816 53,134
Long-term debt, less current portion 213,580 216,468
Operating lease liabilities, less current portion 49,052 54,050
Financing (capital) lease liabilities, less current portion 86 124
Deferred income taxes 69,732 38,778
Contract liabilities, long-term 1,818 1,744
Deferred rent income, less current portion 3,887 3,956
Other long-term liabilities 2,767 513
Total liabilities 408,738 368,767
Commitments and contingencies (Note 16)
Stockholders' Equity:    
Additional paid-in capital 246,953 246,680
Accumulated deficit (81,351) (23,294)
Treasury stock, at cost (2,317,650 shares at December 31, 2019 and September 30, 2020) (34,006) (34,006)
Total stockholders' equity 131,879 189,663
Total liabilities and stockholders' equity 540,617 558,430
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