Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 9 $ 3
Trade accounts receivable (net of allowances of $11,019 in 2017 and $10,187 in 2018) 32,577 32,545
Unbilled revenue 3,106 2,298
Other receivables (net of allowances of $227 in 2017 and $143 in 2018) 727 820
Inventories (net of reserves of $1,657 in 2017 and $695 in 2018) 953 730
Prepaid expenses 7,207 6,824
Assets held for sale 8,025 3,500
Total current assets 52,604 46,720
Land held for sale 0 1,000
Notes receivable (net of allowance of $759 in 2017 and $507 in 2018) 35 53
Property and equipment (net of accumulated depreciation of $164,720 in 2017 and $166,599 in 2018) 96,423 99,480
Broadcast licenses 373,962 380,914
Goodwill 25,803 26,424
Other indefinite-lived intangible assets 313 313
Amortizable intangible assets (net of accumulated amortization of $47,179 in 2017 and $49,942 in 2018) 10,180 13,104
Deferred financing costs 418 550
Deferred income taxes 1,070 1,070
Other assets 3,768 3,191
Total assets 564,576 572,819
Current liabilities:    
Accounts payable 4,228 1,584
Accrued expenses 12,050 9,281
Accrued compensation and related expenses 7,905 7,643
Accrued interest 1,416 1,445
Contract liabilities 11,400 12,763
Deferred rent expense 133 152
Income taxes payable 192 172
Current portion of long-term debt and capital lease obligations 12,020 9,109
Total current liabilities 49,344 42,149
Long-term debt and capital lease obligations, less current portion 240,260 249,579
Deferred income taxes 33,339 34,151
Deferred rent expense, long term 13,486 13,644
Contract liabilities, long-term 1,363 1,951
Other long-term liabilities 51 64
Total liabilities 337,843 341,538
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Additional paid-in capital 244,827 244,634
Accumulated earnings 15,629 20,370
Treasury stock, at cost (2,317,650 shares at December 31, 2017 and June 30, 2018) (34,006) (34,006)
Total stockholders' equity 226,733 231,281
Total liabilities and stockholders' equity 564,576 572,819
Common Class A [Member]    
Stockholders' Equity:    
Common stock 227 227
Common Class B [Member]    
Stockholders' Equity:    
Common stock $ 56 $ 56