Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 83 $ 130
Trade accounts receivable (net of allowances of $10,420 in 2016 and $10,263 in 2017) 33,951 37,260
Other receivables (net of allowances of $260 in 2016 and $105 in 2017 ) 923 751
Inventories (net of reserves of $2,226 in 2016 and $1,516 in 2017) 841 670
Prepaid expenses 6,144 6,287
Deferred income taxes current 0 9,411
Land held for sale 1,000 1,000
Total current assets 42,942 55,509
Notes receivable (net of allowance of $564 in 2016 and $531 in 2017) 17 65
Property and equipment (net of accumulated depreciation of $156,024 in 2016 and $158,915 in 2017) 102,558 102,790
Broadcast licenses 388,663 388,517
Goodwill 25,628 25,613
Other indefinite-lived intangible assets 313 332
Amortizable intangible assets (net of accumulated amortization of $44,488 in 2016 and $43,728 in 2017) 13,348 14,408
Deferred financing costs 65 82
Deferred income taxes non-current 1,877 0
Other assets 3,104 2,952
Total assets 578,515 590,268
Current liabilities:    
Accounts payable 5,795 4,968
Accrued expenses 12,087 15,658
Accrued compensation and related expenses 9,712 8,133
Accrued interest 41 77
Current portion of deferred revenue 9,365 9,491
Income taxes payable 257 223
Current portion of long-term debt and capital lease obligations 2,095 590
Total current liabilities 39,352 39,140
Long-term debt and capital lease obligations, less current portion 255,519 261,084
Fair value of interest rate swap 157 514
Deferred income taxes 53,859 60,769
Deferred rent expense 9,656 9,596
Deferred revenue less current portion 5,253 5,252
Other long-term liabilities 65 67
Total liabilities 363,861 376,422
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Additional paid-in capital 245,046 243,607
Accumulated earnings 3,332 3,963
Treasury stock, at cost (2,317,650 shares at December 31, 2016 and March 31, 2017) (34,006) (34,006)
Total stockholders' equity 214,654 213,846
Total liabilities and stockholders' equity 578,515 590,268
Common Class A [Member]    
Stockholders' Equity:    
Common stock 226 226
Common Class B [Member]    
Stockholders' Equity:    
Common stock $ 56 $ 56