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, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 23,781 $ 6,325
Trade accounts receivable (net of allowances of $14,069 in 2020 and $11,680 in 2021) 24,429 24,469
Unbilled revenue 3,300 3,192
Other receivables (net of allowances of $124 in 2020 and $455 in 2021) 1,589 1,122
Inventories 907 495
Prepaid expenses 7,970 6,847
Assets held for sale 1,875 3,346
Total current assets 63,851 45,796
Notes receivable (net of allowance of $461 in 2020 and $996 in 2021) 364 721
Property and equipment (net of accumulated depreciation of $180,336 in 2020 and $185,127 in 2021) 78,425 79,122
Operating lease right-of-use assets 44,100 48,203
Financing lease right-of-use assets 121 152
Broadcast licenses 320,008 319,773
Goodwill 23,986 23,757
Amortizable intangible assets (net of accumulated amortization of $58,897 in 2020 and $57,769 in 2021) 2,785 4,017
Deferred financing costs 895 213
Other assets 3,678 2,817
Total assets 538,213 524,571
Current liabilities:    
Accounts payable 2,180 2,006
Accrued expenses 11,740 11,002
Accrued compensation and related expenses 10,752 10,242
Accrued interest 2,750 1,225
Contract liabilities 11,561 11,652
Deferred rent income 114 147
Income taxes payable 626 563
Current portion of operating lease liabilities 8,604 8,963
Current portion of financing lease liabilities 59 60
Current portion of long-term debt 0 5,000
Total current liabilities 48,386 50,860
Long-term debt, less current portion 208,559 213,764
Operating lease liabilities, less current portion 43,180 47,740
Financing (capital) lease liabilities, less current portion 79 107
Deferred income taxes 69,287 68,883
Contract liabilities, long-term 2,081 1,869
Deferred rent income, less current portion 3,795 3,864
Other long-term liabilities 2,248 2,205
Total liabilities 377,615 389,292
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Additional paid-in capital 247,668 247,025
Accumulated earnings (deficit) (53,349) (78,023)
Treasury stock, at cost (2,317,650 shares at December 31, 2020 and September 30, 2021) (34,006) (34,006)
Total stockholders' equity 160,598 135,279
Total liabilities and stockholders' equity 538,213 524,571
Common Class A [Member]    
Stockholders' Equity:    
Common stock 229 227
Total stockholders' equity 229 227
Common Class B [Member]    
Stockholders' Equity:    
Common stock 56 56
Total stockholders' equity $ 56 $ 56