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Note 2 - Acquisitions and Dispositions (Tables)
12 Months Ended
Dec. 31, 2016
Notes Tables  
Schedule of Noncash or Part Noncash Acquisitions [Table Text Block]
 
 
 
 
 
 
 
 
 
 
Schurz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
and the
 
 
 
 
 
 
 
Divestiture
 
 
Acquisition
 
 
Acquisition
 
 
 
 
 
 
 
of KAKE-TV
 
 
of WBXX-TV
 
 
of WLUC-TV
 
 
Total
 
                                 
Base purchase price
  $
-
    $
30,000
    $
442,500
    $
472,500
 
Purchase price adjustment
   
-
     
-
     
574
     
574
 
Adjusted purchase price
   
-
     
30,000
     
443,074
     
473,074
 
Cash consideration received from sale of
Schurz Radio Stations
   
-
     
-
     
(16,000
)    
(16,000
)
Net adjusted purchase price allocated to
assets acquired and liabilities assumed
   
-
     
30,000
     
427,074
     
457,074
 
Non-cash consideration received
   
(30,000
)    
-
     
-
     
(30,000
)
Cash consideration received
   
(11,200
)    
-
     
-
     
(11,200
)
Net consideration - the Schurz Acquisition
and Related Transactions
  $
(41,200
)   $
30,000
    $
427,074
    $
415,874
 
Business Acquisition, Pro Forma Information [Table Text Block]
 
 
Years Ended
 
 
 
December 31,
 
 
 
2016
 
 
2015
 
                 
Revenue (less agency commissions)
  $
825,787
    $
701,550
 
Net income
  $
57,795
    $
39,360
 
                 
Basic net income per share
  $
0.80
    $
0.58
 
Diluted net income per share
  $
0.79
    $
0.57
 
 
 
Years Ended
 
 
 
December 31,
 
 
 
2015
 
 
2014
 
                 
Revenue (less agency commissions)
  $
621,530
    $
559,538
 
Net income
  $
46,181
    $
59,342
 
                 
Basic net income per share
  $
0.68
    $
1.03
 
Diluted net income per share
  $
0.67
    $
1.02
 
 
 
Year Ended
December 31,
2014
 
         
Revenue (less agency commissions)
  $
565,251
 
Net income
  $
50,771
 
         
Basic net income per share
  $
0.88
 
Diluted net income per share
  $
0.87
 
The 2014 Acquisitions [Member]  
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
 
 
Acquisition
 
 
 
Hoak
 
 
SJL
 
 
KEVN
 
 
KNDX
 
 
Parker
 
 
WQCW
 
 
Helena
 
                                                         
Cash
  $
-
    $
-
    $
615
    $
-
    $
-
    $
-
    $
-
 
Accounts receivable
   
10,722
     
7,132
     
569
     
-
     
765
     
-
     
14
 
Other current assets
   
509
     
1,946
     
96
     
39
     
964
     
45
     
49
 
Property and equipment
   
45,382
     
23,508
     
3,888
     
2,576
     
722
     
991
     
1,230
 
Goodwill
   
131,632
     
50,941
     
2,717
     
1,839
     
1,932
     
802
     
70
 
Broadcast licenses
   
91,958
     
86,685
     
1,675
     
500
     
-
     
3,691
     
146
 
Other intangible assets
   
35,386
     
10,091
     
1,786
     
2,584
     
3,163
     
15
     
431
 
Other non-current assets
   
-
     
253
     
29
     
15
     
16
     
-
     
-
 
Current liabilities
   
(3,544
)    
(4,936
)    
(211
)    
(36
)    
(826
)    
(45
)    
(90
)
Other long-term liabilities
   
-
     
(379
)    
(38
)    
(17
)    
(5
)    
-
     
-
 
Deferred income tax liabilities
   
(12,188
)    
(43,712
)    
(2,341
)    
-
     
-
     
-
     
-
 
                                                         
Total
  $
299,857
    $
131,529
    $
8,785
    $
7,500
    $
6,731
    $
5,499
    $
1,850
 
The 2015 Acquisitions [Member]  
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
 
 
Acquisition
 
 
 
Cedar Rapids
 
 
Odessa
 
 
Twin Falls
 
 
Wausau
 
 
Presque Isle
 
 
Laredo
 
                                                 
Other current assets
  $
503
    $
87
    $
93
    $
87
    $
45
    $
22
 
Property and equipment
   
13,754
     
4,629
     
5,172
     
1,985
     
2,822
     
1,411
 
Goodwill
   
25,006
     
3,719
     
2,587
     
11,616
     
245
     
5,154
 
Broadcast licenses
   
55,676
     
22,253
     
6,333
     
-
     
6,150
     
-
 
Other intangible assets
   
5,849
     
3,067
     
3,485
     
397
     
1,039
     
2,435
 
Other non-current assets
   
13
     
13
     
32
     
87
     
-
     
13
 
Current liabilities
   
(792
)    
(155
)    
(170
)    
(85
)    
(51
)    
(22
)
Other long-term liabilities
   
(13
)    
(13
)    
(32
)    
(87
)    
-
     
(13
)
                                                 
Total
  $
99,996
    $
33,600
    $
17,500
    $
14,000
    $
10,250
    $
9,000
 
The 2016 Acquisitions [Member]  
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
 
 
 
 
 
 
 
 
 
 
Schurz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
and the
 
 
 
 
 
 
 
Acquisition
 
 
Acquisition
 
 
Acquisition
 
 
 
 
 
 
 
of KYES-TV
 
 
of WBXX-TV
 
 
of WLUC-TV
 
 
Total
 
                                 
Accounts receivable
  $
-
    $
-
    $
19,226
    $
19,226
 
Other current assets
   
-
     
429
     
4,606
     
5,035
 
Property and equipment
   
176
     
1,633
     
97,814
     
99,623
 
Goodwill
   
28
     
10,288
     
61,981
     
72,297
 
Broadcast licenses
   
254
     
18,199
     
231,391
     
249,844
 
Other intangible assets
   
42
     
-
     
19,523
     
19,565
 
Other non-current assets
   
-
     
408
     
3,028
     
3,436
 
Current liabilities
   
-
     
(460
)    
(8,903
)    
(9,363
)
Other long-term liabilities
   
-
     
(497
)    
(1,592
)    
(2,089
)
                                 
Total
  $
500
    $
30,000
    $
427,074
    $
457,574