Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 186 $ 33
Trade accounts receivable (net of allowances of $12,727 in 2014 and $13,815 in 2015) 36,855 34,781
Other receivables 1,620 3,546
Inventories (net of reserves of $1,227 in 2014 and $1,623 in 2015) 1,073 572
Prepaid expenses 7,624 $ 5,580
Income tax receivable 4
Deferred income taxes 8,153 $ 8,153
Assets held for sale 1,700 1,700
Total current assets 57,215 54,365
Notes receivable (net of allowances of $539 in 2014 and $557 in 2015) 222 228
Fair value of interest rate swap   475
Property and equipment (net of accumulated depreciation of $155,495 in 2014 and $161,889 in 2015) 103,645 99,227
Broadcast licenses 390,051 385,726
Goodwill 24,968 24,684
Other indefinite-lived intangible assets 833 833
Amortizable intangible assets (net of accumulated amortization of $34,130 in 2014 and $38,103 in 2015) 12,698 12,395
Deferred financing costs 2,669 3,166
Other assets 2,591 2,060
Total assets 594,892 583,159
Current liabilities:    
Accounts payable 5,909 2,964
Accrued expenses 12,245 12,704
Accrued compensation and related expenses 8,615 8,777
Accrued interest 54 48
Deferred revenue $ 12,928 13,205
Income tax payable 154
Current portion of long-term debt and capital lease obligations $ 7,662 1,898
Total current liabilities 47,413 39,750
Long-term debt and capital lease obligations, less current portion 272,183 $ 275,607
Fair value of interest rate swap 2,011
Deferred income taxes 52,598 $ 49,109
Deferred revenue 13,735 10,576
Other liabilities 934 4,123
Total liabilities $ 388,874 $ 379,165
Commitments and contingencies (Note 16)
Stockholders' equity:    
Additional paid-in capital $ 241,577 $ 240,493
Accumulated deficit (1,831) (2,770)
Treasury stock, at cost (2,317,650 shares at December 31, 2014 and September 30, 2015) (34,006) (34,006)
Total stockholders' equity 206,018 203,994
Total liabilities and stockholders' equity 594,892 583,159
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 222 221
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 56 $ 56