Salem Media Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) In Thousands, except Share data	Total	Class A Common Stock [Member]	Class B Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]	Treasury Stock [Member]
Beginning Balance at Dec. 31, 2011	$ 203,048us-gaap_StockholdersEquity	$ 210	$ 56	$ 231,972	$ 4,816	$ (34,006)
Beginning Balance (in shares) at Dec. 31, 2011		21,051,305	5,553,696
Stock-based compensation	1,368			1,368
Options exercised (in shares)	261,205	261,205
Options exercised	409	3		406
Tax benefit related to stock options exercised	228			228
Cash distributions	(3,412)us-gaap_Dividends				(3,412)
Net income (loss)	4,428us-gaap_NetIncomeLoss				4,428
Ending Balance at Dec. 31, 2012	206,069us-gaap_StockholdersEquity	213	56	233,974	5,832	(34,006)
Ending Balance (in shares) at Dec. 31, 2012		21,312,510	5,553,696
Stock-based compensation	1,849			1,849
Lapse of restricted shares		79,810
Options exercised (in shares)	410,983	410,983
Options exercised	1,422	5		1,417
Tax benefit related to stock options exercised	339			339
Cash distributions	(5,158)us-gaap_Dividends				(5,158)
Net income (loss)	(2,736)us-gaap_NetIncomeLoss				(2,736)
Ending Balance at Dec. 31, 2013	201,785us-gaap_StockholdersEquity	218	56	237,579	(2,062)	(34,006)
Ending Balance (in shares) at Dec. 31, 2013		21,803,303	5,553,696
Stock-based compensation	1,576			1,576
Options exercised (in shares)	278,837	278,837
Options exercised	1,221	3		1,218
Tax benefit related to stock options exercised	120			120
Cash distributions	(6,183)us-gaap_Dividends				(6,183)
Net income (loss)	5,475us-gaap_NetIncomeLoss				5,475
Ending Balance at Dec. 31, 2014	$ 203,994us-gaap_StockholdersEquity	$ 221	$ 56	$ 240,493	$ (2,770)	$ (34,006)
Ending Balance (in shares) at Dec. 31, 2014		22,082,140	5,553,696

- Definition

This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation".

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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- Definition

Number of share options (or share units) exercised during the current period.

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