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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Reconciliation of Net Loss to Net Cash Provided by Operating Activities:    
Net loss $ (10,931) $ (7,250)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 8,696 9,204
Program amortization 12,246 10,284
Amortization of deferred financing costs and original issue discount 438 434
Stock-based compensation 3,951 3,535
Provision for bad debts 952 108
Loss on disposition of assets 210 16
Deferred tax expense 306 (312)
Loss on equity method investments 18,196 24,048
Impairment of equity method investment 5,479  
Gain from FCC repack (1,041) (1,677)
Amortization of operating lease right-of-use assets 361 357
Decrease (increase) in:    
Accounts receivable (3,648) 1,949
Due from related parties, net 1,078 (477)
Programming rights (10,841) (8,892)
Prepaids and other assets 2,124 (3,558)
(Decrease) increase in:    
Accounts payable 3,595 (458)
Other accrued expenses 614 (3,681)
Programming rights payable 4,147 1,009
Income taxes payable 0 (2,265)
Other liabilities 205 1,671
Net cash provided by operating activities 36,137 24,045
Cash Flows From Investing Activities:    
Funding of equity method investments (7,499) (27,361)
Capital expenditures (1,977) (4,925)
FCC repack proceeds 1,041 1,677
Net cash used in investing activities (8,435) (30,609)
Cash Flows From Financing Activities:    
Repayments of long-term debt (1,602) (1,600)
Purchases of common stock (510) (1,194)
Proceeds from exercise of options 0 107
Net cash used in financing activities (2,112) (2,687)
Net increase (decrease) in cash 25,590 (9,251)
Cash:    
Beginning 92,151 94,478
Ending 117,741 85,227
Cash payments for:    
Interest 7,586 10,013
Income taxes 1,112 9,263
Non-cash investing activity:    
Acquisition financed in part by treasury shares 0 588
Non-cash financing activity:    
Cashless exercise of options issued from treasury shares $ 0 $ 47