Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 98 $ 33
Trade accounts receivable (net of allowances of $12,727 in 2014 and $13,479 in 2015) 36,029 34,781
Other receivables 1,981 3,546
Inventories (net of reserves of $1,227 in 2014 and $1,855 in 2015) 893 572
Prepaid expenses 6,285 5,580
Deferred income taxes 9,813 8,153
Assets held for sale 1,700 1,700
Total current assets 56,799 54,365
Notes receivable (net of allowance of $539 in 2014 and $528 in 2015) 173 228
Fair value of interest rate swap 0 475
Property and equipment (net of accumulated depreciation of $155,495 in 2014 and $162,382 in 2015) 105,483 99,227
Broadcast licenses 393,031 385,726
Goodwill 24,563 24,684
Other indefinite-lived intangible assets 833 833
Amortizable intangible assets (net of accumulated amortization of $34,130 in 2014 and $39,454 in 2015) 11,481 12,395
Deferred financing costs 2,512 3,166
Other assets 2,500 2,060
Total assets 597,375 583,159
Current liabilities:    
Accounts payable 5,177 2,964
Accrued expenses 11,301 12,704
Accrued compensation and related expenses 8,297 8,777
Accrued interest 16 48
Current portion of deferred revenue 13,128 13,205
Income tax payable 73 154
Current portion of long-term debt and capital lease obligations 5,662 1,898
Total current liabilities 43,654 39,750
Long-term debt and capital lease obligations, less current portion 271,454 275,607
Fair value of interest rate swap 798 0
Deferred income taxes 57,082 49,109
Deferred revenue less current portion 13,930 10,576
Other long-term liabilities 636 4,123
Total liabilities $ 387,554 $ 379,165
Commitments and contingencies (Note 11)
Stockholders’ Equity:    
Additional paid-in capital $ 241,780 $ 240,493
Accumulated earnings (deficit) 1,768 (2,770)
Treasury stock, at cost (2,317,650 shares at December 31, 2014 and 2015) (34,006) (34,006)
Total stockholders’ equity 209,821 203,994
Total liabilities and stockholders’ equity 597,375 583,159
Common Class A [Member]    
Stockholders’ Equity:    
Common stock 223 221
Common Class B [Member]    
Stockholders’ Equity:    
Common stock $ 56 $ 56