Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 19 $ 130
Trade accounts receivable (net of allowances of $10,420 in 2016 and $7,091 in 2017) 33,552 37,260
Other receivables (net of allowances of $260 in 2016 and $125 in 2017 ) 982 751
Inventories (net of reserves of $2,226 in 2016 and $1,596 in 2017) 867 670
Prepaid expenses 7,091 6,287
Deferred income taxes - current 0 9,411
Land held for sale 1,000 1,000
Total current assets 43,511 55,509
Notes receivable (net of allowance of $564 in 2016 and $723 in 2017) 191 65
Property and equipment (net of accumulated depreciation of $156,024 in 2016 and $160,869 in 2017) 101,617 102,790
Broadcast licenses 388,678 388,517
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 $44,872 in 2017) 12,204 14,408
Deferred financing costs 506 82
Deferred income taxes - non-current 1,877 0
Other assets 3,284 2,952
Total assets 577,809 590,268
Current liabilities:    
Accounts payable 2,542 4,968
Accrued expenses 12,322 15,658
Accrued compensation and related expenses 8,196 8,133
Accrued interest 2,114 77
Current portion of deferred revenue 9,219 9,491
Income taxes payable 59 223
Current portion of long-term debt and capital lease obligations 10,116 590
Total current liabilities 44,568 39,140
Long-term debt and capital lease obligations less unamortized debt issuance costs, net of current portion 249,206 261,084
Fair value of interest rate swap 0 514
Deferred income taxes 54,507 60,769
Deferred rent expense 9,679 9,596
Deferred revenue less current portion 5,127 5,252
Other long-term liabilities 52 67
Total liabilities 363,139 376,422
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Additional paid-in capital 245,486 243,607
Accumulated earnings 2,907 3,963
Treasury stock, at cost (2,317,650 shares at December 31, 2016 and June 30, 2017) (34,006) (34,006)
Total stockholders' equity 214,670 213,846
Total liabilities and stockholders' equity 577,809 590,268
Common Class A [Member]    
Stockholders' Equity:    
Common stock 227 226
Common Class B [Member]    
Stockholders' Equity:    
Common stock $ 56 $ 56