XML 24 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Controlling interests $ (11,185,000) $ 23,059,000 $ 9,830,000
Noncontrolling interests 912,000 234,000 416,000
Net income (loss) (10,273,000) 23,293,000 10,246,000
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation and amortization 25,683,000 23,971,000 17,577,000
Amortization of deferred financing costs 1,646,000 1,579,000 1,720,000
Deferred income tax expense (benefit) (13,806,000) 15,831,000 7,737,000
Provision for doubtful accounts 2,186,000 1,921,000 1,170,000
Stock-based compensation expense 748,000 4,253,000 4,278,000
Trade activity, net (11,754,000) (9,731,000) (5,357,000)
Repurchase of debt 0 (546,000) 0
Amortization of bond premium 0 0 (424,000)
Write-off deferred financing costs 83,000 376,000 9,348,000
Write-off of bond premium 0 0 (6,779,000)
Impairment of goodwill 48,933,000 0 0
Impairment of FCC licenses 2,915,000 0 1,680,000
Write-off of goodwill 4,105,000 0 0
Write-off of trademark 771,000 0 0
Impairment on investment 0 4,236,000 0
Net (gain) loss on sale and retirement of assets 397,000 282,000 (12,029,000)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (864,000) 3,987,000 3,342,000
Prepaid expenses and other assets (676,000) (704,000) (6,805,000)
Accounts payable 669,000 (2,463,000) 33,000
Accrued expenses (625,000) (5,002,000) 1,657,000
Accrued interest 1,107,000 (288,000) (4,335,000)
Other long-term liabilities (835,000) (1,074,000) 2,884,000
Net cash provided by operating activities - continuing operations 50,410,000 59,921,000 25,943,000
Net cash (used in) provided by operating activities - discontinued operations 274,000 (124,000) 0
Net cash provided by operating activities 50,684,000 59,797,000 25,943,000
Cash flows from investing activities:      
Payments for acquisitions, net of cash received (5,511,000) (2,160,000) (76,213,000)
Payment for investment (857,000) 0 0
Acquisition of intangibles (150,000) (11,000) (377,000)
Purchase of property and equipment (22,824,000) (20,722,000) (14,724,000)
Proceeds from insurance settlement 0 451,000 450,000
Proceeds from sale of assets 1,092,000 1,678,000 19,087,000
Net cash used in investing activities - continuing operations (28,250,000) (20,764,000) (71,777,000)
Net cash used in investing activities - discontinued operations (680,000) (199,000) 0
Net cash used in investing activities (28,930,000) (20,963,000) (71,777,000)
Cash flows from financing activities:      
Offering costs 0 0 (92,000)
Proceeds from exercise of employee stock options 346,000 0 72,000
Repayment of long-term debt (6,662,000) (19,375,000) (553,552,000)
Proceeds from the issuance of long-term debt 0 0 620,000,000
Debt financing costs (526,000) 0 (11,394,000)
Proceeds from sale of noncontrolling interest in subsidiary 0 50,000 0
Cash distributions to noncontrolling interests (496,000) (219,000) (444,000)
Repayments of capitalized obligations (616,000) (171,000) (159,000)
Net cash provided by (used in) financing activities - continuing operations (7,954,000) (19,715,000) 54,431,000
Net effect of foreign currency exchange rate changes (45,000) (877,000) 239,000
Net increase in cash and restricted cash 13,755,000 18,242,000 8,836,000
Cash, Beginning of period 51,540,000 33,298,000 24,462,000
Cash, End of period $ 65,295,000 $ 51,540,000 $ 33,298,000