Salem Media Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASURMENTS (Tables)

FAIR VALUE MEASURMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities Measured at Fair Value

The following table summarizes the fair value of our financial assets and liabilities that are measured at fair value:

March 31, 2017

Fair Value Measurement Category

Total Fair Value and Carrying
Value on Balance Sheet

Level 1

Level 2

Level 3

(Dollars in thousands)

Assets

Estimated fair value of other indefinite-lived intangible assets

313

Liabilities:

Estimated fair value of contingent earn-out consideration included in accrued expenses

Long-term debt and capital lease obligations less unamortized discount and debt issuance costs

257,614

Fair value of interest rate swap

157

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details