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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt was comprised of the following at December 31, 2019, and June 30, 2020:

 

 

December 31,

2019

 

 

June 30,

2020

 

Senior credit facility

 

$

72,527

 

 

$

70,871

 

Notes payable to Emmis

 

 

5,000

 

 

 

5,000

 

Notes payable to SG Broadcasting

 

 

6,250

 

 

 

11,250

 

Less: Current maturities

 

 

(3,672

)

 

 

(3,672

)

Less: Unamortized original issue discount

 

 

(2,437

)

 

 

(2,327

)

Total long-term debt, net of current portion and debt discount

 

$

77,668

 

 

$

81,122

 

Schedule of Mandatory Principal Payments of Long-Term Debt

Based on amounts outstanding at June 30, 2020, mandatory principal payments of long-term debt for the next five years and thereafter are summarized below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

Senior Credit Facility

 

 

Emmis Note

 

 

SG Broadcasting Note

 

 

Total Payments

 

Remainder of 2020

 

$

1,836

 

 

$

 

 

$

 

 

$

1,836

 

2021

 

 

3,672

 

 

 

 

 

 

 

 

 

3,672

 

2022

 

 

3,672

 

 

 

 

 

 

 

 

 

3,672

 

2023

 

 

3,672

 

 

 

 

 

 

 

 

 

3,672

 

2024

 

 

58,019

 

 

 

5,000

 

 

 

 

 

 

63,019

 

Thereafter

 

 

 

 

 

 

 

 

11,250

 

 

 

11,250

 

Total

 

$

70,871

 

 

$

5,000

 

 

$

11,250

 

 

$

87,121