v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 7 $ 117
Trade accounts receivable (net of allowances of $9,732 in 2018 and $10,547 in 2019) 33,465 33,020
Unbilled revenue 2,273 2,513
Other receivables (net of allowances of $158 in 2018 and $0 in 2019) 9,224 806
Inventories (net of reserves of $994 in 2018 and $1,263 in 2019) 649 677
Prepaid expenses 6,165 6,504
Assets held for sale 8,731  
Total current assets 60,514 43,637
Notes receivable (net of allowance of $733 in 2018 and $978 in 2019) 797 218
Property and equipment (net of accumulated depreciation of $170,756 in 2018 and $170,478 in 2019) 88,317 96,344
Operating lease right-of-use assets 56,800  
Financing lease right-of-use assets 189 164
Broadcast licenses 340,354 376,316
Goodwill 26,425 26,789
Other indefinite-lived intangible assets 277 277
Amortizable intangible assets (net of accumulated amortization of $53,180 in 2018 and $54,547 in 2019) 8,170 11,264
Deferred financing costs 268 381
Other assets 4,134 3,638
Total assets 586,245 559,028
Current liabilities:    
Accounts payable 4,305 2,187
Accrued expenses 9,449 10,104
Accrued compensation and related expenses 9,767 7,582
Accrued interest 5,231 1,375
Contract liabilities 9,377 11,537
Deferred rent income 108 108
Income taxes payable 354 267
Current portion of operating lease liabilities 8,191  
Current portion of financing (capital) lease liabilities 69 58
Current portion of long-term debt 18,065 19,660
Total current liabilities 64,916 52,878
Long-term debt, less current portion 228,091 234,030
Operating lease liabilities, less current portion 56,343  
Financing (capital) lease liabilities, less current portion 133 105
Deferred income taxes 35,759 35,272
Deferred rent expense, long term   9,382
Contract liabilities, long-term 1,807 1,379
Deferred rent income, less current portion 3,979 4,049
Other long-term liabilities 546 64
Total liabilities 391,574 337,159
Commitments and contingencies (Note 17)
Stockholders’ Equity:    
Additional paid-in capital 246,509 245,220
Accumulated earnings (18,115) 10,372
Treasury stock, at cost (2,317,650 shares at December 31, 2018 and September 30, 2019) (34,006) (34,006)
Total stockholders’ equity 194,671 221,869
Total liabilities and stockholders’ equity 586,245 559,028
Common Class A [Member]    
Stockholders’ Equity:    
Common stock 227 227
Total stockholders’ equity 227 227
Common Class B [Member]    
Stockholders’ Equity:    
Common stock 56 56
Total stockholders’ equity $ 56 $ 56

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