XML 51 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 30,769us-gaap_CashAndCashEquivalentsAtCarryingValue $ 13,478us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, less allowance for doubtful accountsof $1,667 and $730, respectively 106,692us-gaap_AccountsReceivableNetCurrent 70,047us-gaap_AccountsReceivableNetCurrent
Deferred tax asset 18,855us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 34,113us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Prepaid and other current assets 2,223us-gaap_PrepaidExpenseAndOtherAssetsCurrent 5,293us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 168,304us-gaap_AssetsCurrent 130,587us-gaap_AssetsCurrent
Property and equipment, net 221,811us-gaap_PropertyPlantAndEquipmentNet 143,621us-gaap_PropertyPlantAndEquipmentNet
Deferred loan costs, net 18,651us-gaap_DeferredFinanceCostsNoncurrentNet 17,293us-gaap_DeferredFinanceCostsNoncurrentNet
Broadcast licenses 1,023,580us-gaap_IndefiniteLivedLicenseAgreements 838,982us-gaap_IndefiniteLivedLicenseAgreements
Goodwill 374,390us-gaap_Goodwill 184,409us-gaap_Goodwill
Other intangible assets, net 47,802us-gaap_FiniteLivedIntangibleAssetsNet 2,644us-gaap_FiniteLivedIntangibleAssetsNet
Investment in broadcasting company 13,599us-gaap_CostMethodInvestments 13,599us-gaap_CostMethodInvestments
Other 3,443us-gaap_OtherAssetsNoncurrent 3,289us-gaap_OtherAssetsNoncurrent
Total assets (1) 1,871,580us-gaap_Assets [1] 1,334,424us-gaap_Assets [1]
Current liabilities:    
Accounts payable 4,613us-gaap_AccountsPayableCurrent 2,256us-gaap_AccountsPayableCurrent
Employee compensation and benefits 25,160us-gaap_EmployeeRelatedLiabilitiesCurrent 16,759us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued interest 17,623us-gaap_InterestPayableCurrent 12,703us-gaap_InterestPayableCurrent
Deferred revenue 7,486us-gaap_DeferredRevenueCurrent 2,522us-gaap_DeferredRevenueCurrent
Acquisition related liabilities   9,739us-gaap_BusinessCombinationContingentConsiderationLiabilityCurrent
Current portion of long-term debt   224us-gaap_LongTermDebtCurrent
Total current liabilities 80,022us-gaap_LiabilitiesCurrent 63,085us-gaap_LiabilitiesCurrent
Other accrued expenses 6,218us-gaap_AccruedLiabilitiesCurrent 5,158us-gaap_AccruedLiabilitiesCurrent
Federal and state income taxes 1,894us-gaap_AccruedIncomeTaxesCurrent 1,550us-gaap_AccruedIncomeTaxesCurrent
Long-term debt, less current portion 1,236,401us-gaap_LongTermDebtNoncurrent 842,650us-gaap_LongTermDebtNoncurrent
Program broadcast obligations, less current portion 2,000us-gaap_ProgramRightsObligationsNoncurrent 1,520us-gaap_ProgramRightsObligationsNoncurrent
Deferred income taxes 292,679us-gaap_DeferredTaxLiabilitiesNoncurrent 225,407us-gaap_DeferredTaxLiabilitiesNoncurrent
Accrued pension costs 43,334us-gaap_DefinedBenefitPensionPlanLiabilitiesNoncurrent 26,925us-gaap_DefinedBenefitPensionPlanLiabilitiesNoncurrent
Other 952us-gaap_OtherLiabilitiesNoncurrent 827us-gaap_OtherLiabilitiesNoncurrent
Total liabilities (1) 1,655,388us-gaap_Liabilities [1] 1,160,414us-gaap_Liabilities [1]
Stockholders’ equity:    
Common stock 486,317us-gaap_CommonStockValue 483,055us-gaap_CommonStockValue
Accumulated deficit (202,939)us-gaap_RetainedEarningsAccumulatedDeficit (251,000)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss, net of income tax benefit (20,812)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (10,409)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
279,662us-gaap_StockholdersEquityBeforeTreasuryStock 236,967us-gaap_StockholdersEquityBeforeTreasuryStock
Treasury stock (41,072)us-gaap_TreasuryStockValue (40,559)us-gaap_TreasuryStockValue
Total stockholders’ equity 216,192us-gaap_StockholdersEquity 174,010us-gaap_StockholdersEquity
Total liabilities, preferred stock and stockholders’ equity 1,871,580us-gaap_LiabilitiesAndStockholdersEquity 1,334,424us-gaap_LiabilitiesAndStockholdersEquity
Common Class A [Member]    
Stockholders’ equity:    
Common stock 17,096us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
15,321us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Treasury stock (22,398)us-gaap_TreasuryStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
(22,398)us-gaap_TreasuryStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Syndicated Program Film Rights Current [Member]    
Current assets:    
Current portion of program broadcast rights, net 9,765us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_SyndicatedProgramFilmRightsCurrentMember
7,656us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_SyndicatedProgramFilmRightsCurrentMember
Current liabilities:    
Program broadcast rights and obligations (9,765)us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_SyndicatedProgramFilmRightsCurrentMember
(7,656)us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_SyndicatedProgramFilmRightsCurrentMember
Network Programming Obligations Current [Member]    
Current assets:    
Current portion of program broadcast rights, net (7,129)us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_NetworkProgrammingObligationsCurrentMember
(2,467)us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_NetworkProgrammingObligationsCurrentMember
Current liabilities:    
Program broadcast rights and obligations 7,129us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_NetworkProgrammingObligationsCurrentMember
2,467us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_NetworkProgrammingObligationsCurrentMember
Syndicated Program Film Obligations Current Current [Member]    
Current assets:    
Current portion of program broadcast rights, net (9,899)us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_SyndicatedProgramFilmObligationsCurrentCurrentMember
(9,707)us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_SyndicatedProgramFilmObligationsCurrentCurrentMember
Current liabilities:    
Program broadcast rights and obligations $ 9,899us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_SyndicatedProgramFilmObligationsCurrentCurrentMember
$ 9,707us-gaap_ProgramRightsObligationsCurrent
/ us-gaap_StatementScenarioAxis
= gtn_SyndicatedProgramFilmObligationsCurrentCurrentMember
[1] Our consolidated total assets as of December 31, 2013 included total assets of $6.8 million of a variable interest entity ("VIE"). Our consolidated total liabilities as of December 31, 2013 included total liabilities of $3.1 million of the VIE. Our consolidated total assets and total liabilities did not include a VIE as of December 31, 2014.