Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 4 $ 130
Trade accounts receivable (net of allowances of $10,420 in 2016 and $10,627 in 2017) 35,862 37,260
Other receivables (net of allowances of $260 in 2016 and $145 in 2017 ) 990 751
Inventories (net of reserves of $2,226 in 2016 and $1,611 in 2017) 809 670
Prepaid expenses 7,288 6,287
Deferred income taxes - current 0 9,411
Total current assets 44,953 54,509
Notes receivable (net of allowance of $564 in 2016 and $794 in 2017) 92 65
Land held for sale 1,000 1,000
Property and equipment (net of accumulated depreciation of $156,024 in 2016 and $161,848 in 2017) 102,203 102,790
Broadcast licenses 388,720 388,517
Goodwill 26,436 25,613
Other indefinite-lived intangible assets 313 332
Amortizable intangible assets (net of accumulated amortization of $44,488 in 2016 and $46,007 in 2017) 14,276 14,408
Deferred financing costs 549 82
Deferred income taxes - non-current 1,877 0
Other assets 3,205 2,952
Total assets 583,624 590,268
Current liabilities:    
Accounts payable 3,721 4,968
Accrued expenses 12,427 15,658
Accrued compensation and related expenses 9,865 8,133
Accrued interest 6,481 77
Current portion of deferred revenue 10,835 9,491
Income taxes payable 174 223
Current portion of long-term debt and capital lease obligations 6,741 590
Total current liabilities 50,244 39,140
Long-term debt and capital lease obligations less unamortized debt issuance costs, net of current portion 249,375 261,084
Fair value of interest rate swap 0 514
Deferred income taxes 54,644 60,769
Deferred rent expense 9,633 9,596
Deferred revenue less current portion 6,427 5,252
Other long-term liabilities 64 67
Total liabilities 370,387 376,422
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Additional paid-in capital 245,800 243,607
Accumulated earnings 1,160 3,963
Treasury stock, at cost (2,317,650 shares at December 31, 2016 and September 30, 2017) (34,006) (34,006)
Total stockholders' equity 213,237 213,846
Total liabilities and stockholders' equity 583,624 590,268
Common Class A [Member]    
Stockholders' Equity:    
Common stock 227 226
Common Class B [Member]    
Stockholders' Equity:    
Common stock $ 56 $ 56