Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES    
Net income from operations $ 295,000us-gaap_NetIncomeLoss $ 431,000us-gaap_NetIncomeLoss
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Non-cash stock-based compensation 331,000us-gaap_ShareBasedCompensation 603,000us-gaap_ShareBasedCompensation
Tax benefit related to stock options exercised 60,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities 69,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Depreciation and amortization 4,501,000us-gaap_DepreciationDepletionAndAmortization 4,737,000us-gaap_DepreciationDepletionAndAmortization
Amortization of bank loan fees 158,000us-gaap_AmortizationOfFinancingCosts 172,000us-gaap_AmortizationOfFinancingCosts
Accretion of acquisition-related deferred payments and contingent consideration 91,000us-gaap_AccretionExpense 214,000us-gaap_AccretionExpense
Provision for bad debts 385,000us-gaap_ProvisionForDoubtfulAccounts 686,000us-gaap_ProvisionForDoubtfulAccounts
Deferred income taxes 35,000us-gaap_DeferredIncomeTaxExpenseBenefit (28,000)us-gaap_DeferredIncomeTaxExpenseBenefit
Change in the fair value of interest rate swap 1,420,000us-gaap_UnrealizedGainLossOnDerivatives 1,096,000us-gaap_UnrealizedGainLossOnDerivatives
Change in the estimated fair value of contingent earn-out consideration 118,000us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 127,000us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Loss on early retirement of long-term debt 41,000us-gaap_GainsLossesOnExtinguishmentOfDebt 8,000us-gaap_GainsLossesOnExtinguishmentOfDebt
(Gain) loss on the sale or disposal of assets 129,000us-gaap_GainLossOnDispositionOfAssets (117,000)us-gaap_GainLossOnDispositionOfAssets
Changes in operating assets and liabilities:    
Accounts receivable 5,870,000us-gaap_IncreaseDecreaseInAccountsReceivable 5,084,000us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets (520,000)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 231,000us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses (1,770,000)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 680,000us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue (4,432,000)us-gaap_IncreaseDecreaseInDeferredRevenue (3,364,000)us-gaap_IncreaseDecreaseInDeferredRevenue
Other liabilities 327,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (424,000)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Income taxes payable 53,000us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 49,000us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash provided by operating activities 7,138,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 10,300,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES    
Cash paid for capital expenditures net of tenant improvement allowances (2,040,000)salm_PaymentForCapitalExpendituresNetOfTenantImprovementAllowances (2,935,000)salm_PaymentForCapitalExpendituresNetOfTenantImprovementAllowances
Capital expenditures reimbursable under tenant improvement allowances and non-cash transactions from trade agreements (767,000)salm_PaymentForCapitalExpendituresReimbursableUnderTenantImprovementAllowancesAndNonCashTransactionsFromTradeAgreements (75,000)salm_PaymentForCapitalExpendituresReimbursableUnderTenantImprovementAllowancesAndNonCashTransactionsFromTradeAgreements
Escrow deposits related to acquisitions (188,000)us-gaap_PaymentsForProceedsFromOtherDeposits   
Purchases of broadcast assets and radio stations (1,235,000)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (1,784,000)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment
Proceeds from the sale of assets    2,000us-gaap_ProceedsFromSaleOfProductiveAssets
Other (245,000)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 129,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (4,597,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (8,836,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES    
Payments of costs related to bank credit facility    (4,000)us-gaap_PaymentsOfLoanCosts
Payments of acquisition related contingent earn-out consideration (300,000)salm_PaymentsOfContingentEarnOutConsideration   
Proceeds from the exercise of stock options 175,000us-gaap_ProceedsFromStockOptionsExercised 467,000us-gaap_ProceedsFromStockOptionsExercised
Payments on capital lease obligations (30,000)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (32,000)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Payment of cash distributions on common stock (1,647,000)us-gaap_PaymentsOfDividendsCommonStock (1,444,000)us-gaap_PaymentsOfDividendsCommonStock
Book overdraft 2,711,000us-gaap_ProceedsFromRepaymentsOfBankOverdrafts (307,000)us-gaap_ProceedsFromRepaymentsOfBankOverdrafts
Net cash used in financing activities (2,392,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (1,251,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase in cash and cash equivalents 149,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 213,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at the beginning of year 33,000us-gaap_CashAndCashEquivalentsAtCarryingValue 65,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 182,000us-gaap_CashAndCashEquivalentsAtCarryingValue 278,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:    
Cash paid for interest, net of capitalized interest 3,512,000us-gaap_InterestPaid 3,350,000us-gaap_InterestPaid
Cash paid for income taxes 4,000us-gaap_IncomeTaxesPaidNet 8,000us-gaap_IncomeTaxesPaidNet
Other supplemental disclosures of cash flow information:    
Trade revenue 1,683,000salm_SupplementalNoncashTradeRevenue 1,686,000salm_SupplementalNoncashTradeRevenue
Trade expense 1,591,000salm_SupplementalNoncashTradeExpense 1,387,000salm_SupplementalNoncashTradeExpense
Non-cash investing and financing activities:    
Capital expenditures reimbursable under tenant improvement allowances 756,000salm_CapitalExpendituresReimbursableUnderTenantImprovementAllowances 75,000salm_CapitalExpendituresReimbursableUnderTenantImprovementAllowances
Non-cash capital expenditures for property & equipment acquired under trade agreements 11,000salm_NonCashCapitalExpendituresForPropertyAndEquipmentAcquiredUnderTradeAgreements   
Estimated present value of contingent earn-out consideration 158,000salm_NetPresentValueOfContingentConsideration 2,047,000salm_NetPresentValueOfContingentConsideration
Deferred payments due 2014 under asset purchase agreement    200,000us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
Present value of deferred cash payments (due 2015)    2,392,000salm_NetPresentValueOfDeferredCashPaymentsCurrent
Present value of deferred cash payments (due 2016)    2,289,000salm_NetPresentValueOfDeferredCashPaymentsNonCurrent
Digital Media [Member]    
INVESTING ACTIVITIES    
Purchases of businesses and assets (122,000)us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_StatementBusinessSegmentsAxis
= salm_InternetMember
(2,899,000)us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_StatementBusinessSegmentsAxis
= salm_InternetMember
Publishing [Member]    
INVESTING ACTIVITIES    
Purchases of businesses and assets    (1,274,000)us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_StatementBusinessSegmentsAxis
= salm_PublishingMember
Term Loan B [Member]    
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Amortization of bank loan fees 27,000us-gaap_AmortizationOfFinancingCosts
/ us-gaap_DebtInstrumentAxis
= salm_TermBLoanMember
27,000us-gaap_AmortizationOfFinancingCosts
/ us-gaap_DebtInstrumentAxis
= salm_TermBLoanMember
Accretion of discount on Term Loan B 46,000us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
/ us-gaap_DebtInstrumentAxis
= salm_TermBLoanMember
46,000us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
/ us-gaap_DebtInstrumentAxis
= salm_TermBLoanMember
FINANCING ACTIVITIES    
Repayments of borrowings (2,000,000)us-gaap_RepaymentsOfLongTermLinesOfCredit
/ us-gaap_DebtInstrumentAxis
= salm_TermBLoanMember
(2,250,000)us-gaap_RepaymentsOfLongTermLinesOfCredit
/ us-gaap_DebtInstrumentAxis
= salm_TermBLoanMember
Revolver [Member]    
FINANCING ACTIVITIES    
Repayments of borrowings (9,715,000)us-gaap_RepaymentsOfLongTermLinesOfCredit
/ us-gaap_DebtInstrumentAxis
= us-gaap_RevolvingCreditFacilityMember
(6,291,000)us-gaap_RepaymentsOfLongTermLinesOfCredit
/ us-gaap_DebtInstrumentAxis
= us-gaap_RevolvingCreditFacilityMember
Proceeds from borrowings $ 8,414,000us-gaap_ProceedsFromLongTermLinesOfCredit
/ us-gaap_DebtInstrumentAxis
= us-gaap_RevolvingCreditFacilityMember
$ 8,610,000us-gaap_ProceedsFromLongTermLinesOfCredit
/ us-gaap_DebtInstrumentAxis
= us-gaap_RevolvingCreditFacilityMember