Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.20.1
Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Significant Changes in Our Contract Liabilities
Significant changes in our contract liabilities balances during the period are as follows:
 
     Short Term     
Long-Term
 
    
(Dollars in thousands)
 
Balance, beginning of period January 1, 2019
   $ 11,537      $ 1,379  
Revenue recognized during the period that was included in the beginning balance of contract liabilities
     (8,156       
Additional amounts recognized during the period
     19,341        664  
Revenue recognized during the period that was recorded during the period
     (13,528       
Transfers
     299        (299
  
 
 
    
 
 
 
Balance, end of period December 31, 2019
   $ 9,493      $ 1,744  
  
 
 
    
 
 
 
Amount refundable at beginning of period
   $ 11,410      $ 1,379  
Amount refundable at end of period
   $ 9,403      $ 1,744  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
We expect to satisfy these performance obligations as follows:
 
    
Amount
 
For the Year Ended December 31,
  
(Dollars in thousands)
 
2020
   $ 9,493  
2021
     1,006  
2022
     286  
2023
     205  
2024
     121  
Thereafter
     126  
  
 
 
 
   $ 11,237  
  
 
 
 
Trade and Barter Transactions Expenses
Trade and barter revenues and expenses were as follows:
 
    
Year Ended
 
    
December 31,
 
     2018     
2019
 
Net broadcast barter revenue
   $ 6,702     
$
5,625
 
Net digital media barter revenue
     124     
 
 
Net publishing barter revenue
     11     
 
63
 
Net broadcast barter expense
   $ 6,161     
$
5,055
 
Net digital media barter expense
     3     
 
 
Net publishing barter expense
     20     
 
20
 
Reconciliation of Revenue from Segments to Consolidated
 
 
  
Year Ended December 31, 2019
 
 
  
Broadcast
 
  
Digital Media
 
  
Publishing
 
  
Consolidated
 
 
  
(dollars in thousands)
 
By Source of Revenue:
  
     
  
     
  
     
  
     
Block Programming—National
  
$
48,465
 
  
$
—  
 
  
$
—  
 
  
$
48,465
 
Block Programming—Local
  
 
30,502
 
  
 
—  
 
  
 
—  
 
  
 
30,502
 
Spot Advertising—National
  
 
16,352
 
  
 
—  
 
  
 
—  
 
  
 
16,352
 
Spot Advertising—Local
  
 
51,824
 
  
 
—  
 
  
 
—  
 
  
 
51,824
 
Infomercials
  
 
1,409
 
  
 
—  
 
  
 
—  
 
  
 
1,409
 
Network
  
 
19,078
 
  
 
—  
 
  
 
—  
 
  
 
19,078
 
Digital Advertising
  
 
12,582
 
  
 
20,454
 
  
 
405
 
  
 
33,441
 
Digital Streaming
  
 
825
 
  
 
3,873
 
  
 
—  
 
  
 
4,698
 
Digital Downloads and eBooks
  
 
—  
 
  
 
5,694
 
  
 
1,428
 
  
 
7,122
 
Subscriptions
  
 
1,107
 
  
 
8,044
 
  
 
763
 
  
 
9,914
 
Book Sales and
e-commerce,
net of estimated sales returns and allowances
  
 
378
 
  
 
480
 
  
 
11,679
 
  
 
12,537
 
Self-Publishing Fees
  
 
—  
 
  
 
—  
 
  
 
5,474
 
  
 
5,474
 
Print Advertising
  
 
28
 
  
 
—  
 
  
 
609
 
  
 
637
 
Other Revenues
  
 
10,789
 
  
 
620
 
  
 
1,036
 
  
 
12,445
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
$
193,339
 
  
$
39,165
 
  
$
21,394
 
  
$
253,898
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Timing of Revenue Recognition
  
     
  
     
  
     
  
     
Point in Time
  
$
191,010
 
  
$
39,103
 
  
$
21,394
 
  
$
251,507
 
Rental Income (1)
  
 
2,329
 
  
 
62
 
  
 
—  
 
  
 
2,391
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
$
193,339
 
  
$
39,165
 
  
$
21,394
 
  
$
253,898
 
 
    
Year Ended December 31, 2018
 
    
Broadcast
    
Digital Media
    
Publishing
    
Consolidated
 
    
(Dollars in thousands)
 
By Source of Revenue:
           
Block Programming—National
   $ 49,864      $ —        $ —        $ 49,864  
Block Programming—Local
     33,274        —          —          33,274  
Spot Advertising—National
     16,333        —          —          16,333  
Spot Advertising—Local
     55,863        —          —          55,863  
Infomercials
     1,824        —          —          1,824  
Network
     19,293        —          —          19,293  
Digital Advertising
     7,172        22,351        473        29,996  
Digital Streaming
     752        4,347        —          5,099  
Digital Downloads and eBooks
     —          5,354        1,481        6,835  
Subscriptions
     1,056        8,205        907        10,168  
Book Sales and
e-commerce,
net of estimated sales returns and allowances
     483        1,949        11,866        14,298  
Self-Publishing fees
     —          —          5,609        5,609  
Advertising - Print
     42        —          574        616  
Other Revenues
     12,546        389        776        13,711  
  
 
 
    
 
 
    
 
 
    
 
 
 
  
$
198,502
 
  
$
42,595
 
    
21,686
 
    
262,783
 
  
 
 
    
 
 
    
 
 
    
 
 
 
Timing of Revenue Recognition
           
Point in Time
   $ 196,187        42,500        21,640        260,327  
Rental Income(1)
     2,315        95        46        2,456  
  
 
 
    
 
 
    
 
 
    
 
 
 
  
$
198,502
 
  
$
42,595
 
    
21,686
 
    
262,783
 
  
 
 
    
 
 
    
 
 
    
 
 
 
 
(1)
Rental income is not applicable to ASC 606, but shown for the purpose of identifying each revenue source presented in total revenue on our Consolidated Financial Statements within this report on Form
10-K.