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, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 6,325 $ 6
Trade accounts receivable (net of allowances of $10,947 in 2019 and $14,069 in 2020) 24,469 30,824
Unbilled revenue 3,192 2,749
Other receivables (net of allowances of $— in 2019 and $124 in 2020) 1,122 1,352
Inventories (net of reserves of $1,271 in 2019 and $1,499 in 2020) 495 717
Prepaid expenses 6,847 5,890
Assets held for sale 3,346 185
Total current assets 45,796 41,723
Notes receivable (net of allowance of $954 in 2019 and $461 in 2020) 721 667
Property and equipment (net of accumulated depreciation of $173,122 in 2019 and $180,336 in 2020) 79,122 87,673
Operating lease right-of-use assets 48,203 54,550
Financing lease right-of-use assets 152 180
Broadcast licenses 319,773 337,858
Goodwill 23,757 23,998
Other indefinite-lived intangible assets   260
Amortizable intangible assets (net of accumulated amortization of $55,617 in 2019 and $58,897 in 2020) 4,017 7,100
Deferred financing costs 213 224
Other assets 2,817 4,197
Total assets 524,571 558,430
Current liabilities:    
Accounts payable 2,006 3,468
Accrued expenses 11,002 9,395
Accrued compensation and related expenses 10,242 7,895
Accrued interest 1,225 1,262
Contract liabilities 11,652 9,493
Deferred rent income 147 110
Income taxes payable 563 531
Current portion of operating lease liabilities 8,963 8,485
Current portion of financing (capital) lease liabilities 60 69
Current portion of long-term debt 5,000 12,426
Total current liabilities 50,860 53,134
Long-term debt, less current portion 213,764 216,468
Operating lease liabilities, less current portion 47,740 54,050
Financing (capital) lease liabilities, less current portion 107 124
Deferred income taxes 68,883 38,778
Contract liabilities, long-term 1,869 1,744
Deferred rent income, less current portion 3,864 3,956
Other long-term liabilities 2,205 513
Total liabilities 389,292 368,767
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Additional paid-in capital 247,025 246,680
Accumulated earnings (deficit) (78,023) 23,294
Treasury stock, at cost (2,317,650 shares at December 31, 2019 and 2020) (34,006) (34,006)
Total stockholders' equity 135,279 189,663
Total liabilities and stockholders' equity 524,571 558,430
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