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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2 $ 0
Accounts receivable (net of allowances of $7,939 in 2022 and $8,438 in 2023) 29,526 30,756
Unbilled revenue 2,403 2,890
Income tax receivable 349 195
Other receivables (net of allowances of $586 in 2022 and $640 in 2023) 1,878 1,817
Inventories 1,308 1,513
Prepaid expenses 9,328 7,619
Assets held for sale 1,267 267
Total current assets 46,061 45,057
Notes receivable (net of allowance of $571 in 2022 and $473 in 2023) 941 922
Property and equipment (net of accumulated depreciation of $191,638 in 2022 and $196,340 in 2023) 83,467 81,296
Operating lease right-of-use assets 44,547 43,671
Financing lease right-of-use assets 81 63
Broadcast licenses 299,724 303,774
Goodwill 23,499 24,085
Amortizable intangible assets (net of accumulated amortization of $59,383 in 2022 and $60,075 in 2023) 4,836 2,149
Deferred financing costs 56 681
Other assets 4,035 3,424
Total assets 507,247 505,122
Current liabilities:    
Accounts payable 4,096 6,539
Accrued expenses 16,321 17,495
Accrued compensation and related expenses 10,366 10,298
Accrued interest 1,027 949
Contract liabilities 13,283 11,901
Deferred rent income 118 122
Current portion of operating lease liabilities 9,920 8,305
Current portion of financing lease liabilities 50 43
Current portion of long-term debt 22,615 8,958
Total current liabilities 77,796 64,610
Long-term debt, less current portion 152,297 150,367
Operating lease liabilities, less current portion 42,380 42,406
Financing (capital) lease liabilities, less current portion 43 39
Deferred income taxes 63,901 66,732
Contract liabilities, long-term 3,836 1,886
Deferred rent income, less current portion 3,613 3,659
Other long-term liabilities 61 66
Total liabilities 343,927 329,765
Commitments and contingencies (Note 13)
Stockholders' Equity:    
Additional paid-in capital 249,031 248,820
Accumulated \deficit (51,993) (39,745)
Treasury stock, at cost (2,317,650 shares at December 31, 2022 and June 30, 2023) (34,006) (34,006)
Total stockholders' equity 163,320 175,357
Total liabilities and stockholders' equity 507,247 505,122
Common Class A [Member]    
Stockholders' Equity:    
Common stock 232 232
Common Class B [Member]    
Stockholders' Equity:    
Common stock $ 56 $ 56