Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 80 $ 98
Trade accounts receivable (net of allowances of $13,479 in 2015 and $11,423 in 2016) 36,444 36,029
Other receivables (net of allowances of $371 in 2015 and $262 in 2016) 1,001 1,981
Inventories (net of reserves of $1,855 in 2015 and $2,150 in 2016) 746 893
Prepaid expenses 7,003 6,285
Deferred income taxes 9,813 9,813
Assets held for sale 1,000 1,700
Total current assets 56,087 56,799
Notes receivable (net of allowances of $528 in 2015 and $582 in 2016) 96 173
Property and equipment (net of accumulated depreciation of $162,382 in 2015 and $152,982 in 2016) 103,322 105,483
Broadcast licenses 394,043 393,031
Goodwill 25,724 24,563
Other indefinite-lived intangible assets 833 833
Amortizable intangible assets (net of accumulated amortization of $39,454 in 2015 and $43,127 in 2016) 15,690 11,481
Deferred financing costs 99 151
Other assets 3,179 2,500
Total assets 599,073 595,014
Current liabilities:    
Accounts payable 5,821 5,177
Accrued expenses 11,648 11,301
Accrued compensation and related expenses 10,424 8,297
Accrued interest 44 16
Current portion of deferred revenue 10,739 13,128
Income taxes payable 179 73
Current portion of long-term debt and capital lease obligations 2,681 5,662
Total current liabilities 41,536 43,654
Long-term debt and capital lease obligations, less unamortized discount and debt issuance costs, net of current portion 265,368 269,093
Fair value of interest rate swap 2,124 798
Deferred income taxes 62,766 57,082
Deferred revenue, less current portion 14,832 13,930
Other long-term liabilities 34 636
Total liabilities 386,660 385,193
Commitments and contingencies (Note 16)
Stockholders’ Equity:    
Additional paid-in capital 243,468 241,780
Accumulated earnings 2,669 1,768
Treasury stock, at cost (2,317,650 shares at December 31, 2015 and September 30, 2016) (34,006) (34,006)
Total stockholders’ equity 212,413 209,821
Total liabilities and stockholders’ equity 599,073 595,014
Common Class A [Member]    
Stockholders’ Equity:    
Common stock 226 223
Common Class B [Member]    
Stockholders’ Equity:    
Common stock $ 56 $ 56