XML 116 R97.htm IDEA: XBRL DOCUMENT v3.23.2
QUARTERLY FINANCIAL DATA (UNAUDITED AND RESTATED) - Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
CURRENT ASSETS:                
Trade accounts receivable, net of allowance for doubtful accounts of $8,811 and $8,743, respectively $ 143,264 $ 127,666 $ 124,350 $ 114,112 $ 127,759 $ 114,356 $ 104,060 $ 94,914
Other current assets 8,372 7,676 6,774 7,134 3,497 3,160 2,997 3,376
Total current assets 289,747 286,190 310,150 325,305 312,324 270,642 278,630 202,911
RIGHT OF USE ASSETS 31,879 34,131 34,035 36,201 37,956 39,481 42,140 40,372
RADIO BROADCASTING LICENSES 488,419 495,832 487,640 501,420 501,420 503,524 503,524 482,442
OTHER INTANGIBLE ASSETS, net 55,193 57,367 59,422 61,564 47,921 49,508 50,744 51,988
DEBT SECURITIES - available-for-sale, at fair value; amortized cost of $40,000 at December 31, 2022 and 2021 136,826 115,600 123,100 123,000 112,600 110,800 106,400 101,900
OTHER ASSETS 5,688 6,434 6,658 6,285 6,956 25,341 5,583 5,523
Total assets 1,338,487 1,322,693 1,335,248 1,363,064 1,329,025 1,305,756 1,299,275 1,217,989
CURRENT LIABILITIES:                
Accounts payable 18,003 16,276 16,934 14,306 16,892 16,656 14,590 11,165
Other current liabilities 36,320 38,624 29,582 33,776 24,430 27,612 22,228 23,175
Total current liabilities 130,263 112,999 109,997 100,162 106,784 88,296 99,315 78,254
DEFERRED TAX LIABILITIES, net 39,704 31,284 30,368 26,843 18,877 19,115 11,778 4,299
Total liabilities 979,417 982,345 996,163 1,015,525 1,006,690 989,468 999,823 961,765
REDEEMABLE NONCONTROLLING INTERESTS 25,298 22,327 20,434 20,227 18,655 19,328 17,649 14,524
STOCKHOLDERS' EQUITY:                
Accumulated other comprehensive income 73,227 57,225 62,921 62,846 54,950 53,551 50,239 46,847
Additional paid-in capital 993,484 994,591 992,934 1,018,239 1,018,996 1,018,961 1,021,001 1,001,905
Accumulated deficit (732,988) (733,844) (737,251) (753,824) (770,317) (775,603) (789,488) (807,101)
Total stockholders' equity 333,772 318,021 318,651 327,312 303,680 296,960 281,803 241,700
Total liabilities, redeemable noncontrolling interests and stockholders' equity $ 1,338,487 1,322,693 1,335,248 1,363,064 1,329,025 1,305,756 1,299,275 1,217,989
As Previously Reported                
CURRENT ASSETS:                
Trade accounts receivable, net of allowance for doubtful accounts of $8,811 and $8,743, respectively   127,301 123,998 113,687 127,446 114,045 103,902 94,633
Other current assets   8,939 8,037 8,397 4,760 4,423 4,260 4,639
Total current assets   287,088 311,061 326,143 313,274 271,594 279,735 203,893
RIGHT OF USE ASSETS   34,258 34,149 36,302 38,044 39,556 42,202 40,421
RADIO BROADCASTING LICENSES   498,532 489,340 505,148 505,148 505,148 505,148 484,066
OTHER INTANGIBLE ASSETS, net   59,376 61,508 63,727 50,159 51,821 53,059 54,375
DEFERRED TAX ASSETS, net             3,933 10,051
OTHER ASSETS   44,303 44,463 44,026 44,635 62,958 43,211 43,092
Total assets   1,250,696 1,254,764 1,284,635 1,261,108 1,237,537 1,239,542 1,168,751
CURRENT LIABILITIES:                
Accounts payable   14,318 14,819 11,997 14,588 14,623 12,523 9,037
Other current liabilities   40,217 31,345 35,660 26,421 29,334 24,137 25,022
Total current liabilities   112,634 109,645 99,737 106,471 87,985 99,157 77,973
DEFERRED TAX LIABILITIES, net   13,984 11,070 8,059 2,473 2,325    
Total liabilities   964,680 976,513 996,316 989,973 972,367 987,887 957,185
REDEEMABLE NONCONTROLLING INTERESTS   19,964 18,690 17,755 17,015 17,017 15,192 12,735
STOCKHOLDERS' EQUITY:                
Additional paid-in capital   996,954 994,678 1,020,711 1,020,636 1,021,272 1,023,458 1,003,694
Accumulated deficit   (730,951) (735,164) (750,198) (766,567) (773,170) (787,046) (804,912)
Total stockholders' equity   266,052 259,561 270,564 254,120 248,153 236,463 198,831
Total liabilities, redeemable noncontrolling interests and stockholders' equity   1,250,696 1,254,764 1,284,635 1,261,108 1,237,537 1,239,542 1,168,751
Adjustments                
CURRENT ASSETS:                
DEFERRED TAX ASSETS, net             (3,933) (10,051)
DEBT SECURITIES - available-for-sale, at fair value; amortized cost of $40,000 at December 31, 2022 and 2021   115,600 123,100 123,000 112,600 110,800 106,400 101,900
OTHER ASSETS   (40,000) (40,000) (40,000) (40,000) (40,000) (40,000) (40,000)
Total assets   75,600 83,100 83,000 72,600 70,800 62,467 51,849
CURRENT LIABILITIES:                
DEFERRED TAX LIABILITIES, net   18,259 20,012 19,987 17,617 17,505 12,493 5,002
Total liabilities   18,259 20,012 19,987 17,617 17,505 12,493 5,002
STOCKHOLDERS' EQUITY:                
Accumulated other comprehensive income   57,225 62,921 62,846 54,950 53,551 50,239 46,847
Accumulated deficit   116 167 167 33 (256) (265)  
Total stockholders' equity   57,341 63,088 63,013 54,983 53,295 49,974 46,847
Total liabilities, redeemable noncontrolling interests and stockholders' equity   75,600 83,100 83,000 72,600 70,800 62,467 51,849
Other Adjustments                
CURRENT ASSETS:                
Trade accounts receivable, net of allowance for doubtful accounts of $8,811 and $8,743, respectively   365 352 425 313 311 158 281
Other current assets   (1,263) (1,263) (1,263) (1,263) (1,263) (1,263) (1,263)
Total current assets   (898) (911) (838) (950) (952) (1,105) (982)
RIGHT OF USE ASSETS   (127) (114) (101) (88) (75) (62) (49)
RADIO BROADCASTING LICENSES   (2,700) (1,700) (3,728) (3,728) (1,624) (1,624) (1,624)
OTHER INTANGIBLE ASSETS, net   (2,009) (2,086) (2,163) (2,238) (2,313) (2,315) (2,387)
OTHER ASSETS   2,131 2,195 2,259 2,321 2,383 2,372 2,431
Total assets   (3,603) (2,616) (4,571) (4,683) (2,581) (2,734) (2,611)
CURRENT LIABILITIES:                
Accounts payable   1,958 2,115 2,309 2,304 2,033 2,067 2,128
Other current liabilities   (1,593) (1,763) (1,884) (1,991) (1,722) (1,909) (1,847)
Total current liabilities   365 352 425 313 311 158 281
DEFERRED TAX LIABILITIES, net   (959) (714) (1,203) (1,213) (715) (715) (703)
Total liabilities   (594) (362) (778) (900) (404) (557) (422)
REDEEMABLE NONCONTROLLING INTERESTS   2,363 1,744 2,472 1,640 2,311 2,457 1,789
STOCKHOLDERS' EQUITY:                
Additional paid-in capital   (2,363) (1,744) (2,472) (1,640) (2,311) (2,457) (1,789)
Accumulated deficit   (3,009) (2,254) (3,793) (3,783) (2,177) (2,177) (2,189)
Total stockholders' equity   (5,372) (3,998) (6,265) (5,423) (4,488) (4,634) (3,978)
Total liabilities, redeemable noncontrolling interests and stockholders' equity   $ (3,603) $ (2,616) $ (4,571) $ (4,683) $ (2,581) $ (2,734) $ (2,611)