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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 353,722,000 $ 15,142,000
Restricted cash 0 1,865,000
Accounts receivable, less allowance for doubtful accounts of $6,392 and $5,197 at September 30, 2020 and December 31, 2019, respectively 163,617,000 242,599,000
Trade receivable 3,274,000 2,790,000
Assets held for sale 525,000 87,000,000
Prepaid expenses and other current assets 35,359,000 31,285,000
Total current assets 556,497,000 380,681,000
Property and equipment, net 216,036,000 232,934,000
Operating lease right-of-use assets 160,555,000 143,436,000
Broadcast licenses 825,666,000 830,490,000
Other intangible assets, net 149,545,000 164,383,000
Other assets 8,773,000 9,408,000
Total assets 1,917,072,000 1,761,332,000
Current liabilities:    
Accounts payable and accrued expenses 95,851,000 97,527,000
Current portion of operating lease liabilities 28,521,000 34,462,000
Trade payable 2,209,000 2,323,000
Current portion of term loan due 2026 5,250,000 5,250,000
Total current liabilities 131,831,000 139,562,000
2020 revolving credit facility 60,000,000 0
Term loan due 2026, net of debt issuance costs of $4,445 and $5,007 at September 30, 2020 and December 31, 2019, respectively 461,029,000 513,431,000
6.75% senior notes, net of debt issuance costs of $6,289 and $6,938 at September 30, 2020 and December 31, 2019, respectively 493,711,000 493,062,000
Operating lease liabilities 132,585,000 111,184,000
Financing liabilities, net 224,018,000 17,221,000
Other liabilities 16,602,000 10,618,000
Deferred income taxes 228,000 21,038,000
Total liabilities 1,520,004,000 1,306,116,000
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Treasury stock, at cost,174,222 and 68,658 shares at September 30, 2020 and December 31, 2019, respectively (2,414,000) (1,171,000)
Additional paid-in-capital 336,270,000 333,705,000
Retained earnings 63,212,000 122,682,000
Total stockholders’ equity 397,068,000 455,216,000
Total liabilities and stockholders’ equity 1,917,072,000 1,761,332,000
Class A Common Stock    
Stockholders’ equity:    
Common stock 0 0
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0