Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3 $ 0
Accounts receivable (net of allowances of $7,939 in 2022 and $8,328 in 2023) 28,468 30,756
Unbilled revenue 2,845 2,890
Income tax receivable 233 195
Other receivables (net of allowances of $586 in 2022 and $585 in 2023) 1,820 1,817
Inventories 1,708 1,513
Prepaid expenses 8,606 7,619
Assets held for sale 267 267
Total current assets 43,950 45,057
Notes receivable (net of allowance of $571 in 2022 and $551 in 2023) 932 922
Property and equipment (net of accumulated depreciation of $191,638 in 2022 and $194,407 in 2023) 83,689 81,296
Operating lease right-of-use assets 44,276 43,671
Financing lease right-of-use assets 52 63
Broadcast licenses 305,192 303,774
Goodwill 25,346 24,085
Amortizable intangible assets (net of accumulated amortization of $59,383 in 2022 and $59,926 in 2023) 5,694 2,149
Deferred financing costs 56 681
Other assets 4,086 3,424
Total assets 513,273 505,122
Current liabilities:    
Accounts payable 6,957 6,539
Accrued expenses 16,475 17,495
Accrued compensation and related expenses 9,383 10,298
Accrued interest 2,817 949
Contract liabilities 13,596 11,901
Deferred rent income 116 122
Current portion of operating lease liabilities 8,438 8,305
Current portion of financing lease liabilities 37 43
Current portion of long-term debt 18,184 8,958
Total current liabilities 76,003 64,610
Long-term debt, less current portion 152,041 150,367
Operating lease liabilities, less current portion 42,509 42,406
Financing (capital) lease liabilities, less current portion 31 39
Deferred income taxes 64,489 66,732
Contract liabilities, long-term 4,226 1,886
Deferred rent income, less current portion 3,636 3,659
Other long-term liabilities 60 66
Total liabilities 342,995 329,765
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Additional paid-in capital 248,895 248,820
Accumulated \deficit (44,899) (39,745)
Treasury stock, at cost (2,317,650 shares at December 31, 2022 and March 31, 2023) (34,006) (34,006)
Total stockholders' equity 170,278 175,357
Total liabilities and stockholders' equity 513,273 505,122
Common Class A [Member]    
Stockholders' Equity:    
Common stock 232 232
Common Class B [Member]    
Stockholders' Equity:    
Common stock $ 56 $ 56