XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets:    
Cash $ 23,541 $ 325,189
Accounts receivable, less allowance for doubtful accounts of $3,622 and $3,163, respectively 156,756 146,811
Prepaid taxes 14,981 14,641
Prepaid and other current assets 7,114 5,109
Total current assets 212,155 505,485
Property and equipment, net 339,984 326,093
Broadcast licenses 1,492,379 1,340,305
Goodwill 571,708 485,318
Other intangible assets, net 70,784 56,250
Deferred tax asset 31,975 30,826
Investment in broadcasting and technology companies 16,599 16,599
Other 29,928 22,455
Total assets (1) [1] 2,765,512 2,783,331
Liabilities and stockholders’ equity:    
Accounts payable 3,409 5,257
Employee compensation and benefits 20,603 31,367
Accrued interest 24,694 32,453
Other accrued expenses 8,393 13,802
Federal and state income taxes 3,280 2,916
Deferred revenue 3,523 4,706
Current portion of long-term debt 5,564
Total current liabilities 92,550 119,407
Long-term debt, less current portion 1,748,716 1,756,747
Program broadcast obligations, less current portion 4,534 4,995
Deferred income taxes 380,892 373,837
Accrued pension costs 33,338 34,047
Other 1,431 1,437
Total liabilities 2,261,461 2,290,470
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock 658,909 658,135
Accumulated deficit (89,753) (101,365)
Accumulated other comprehensive loss, net of income tax benefit (17,645) (17,645)
Stockholders' equity before treasury stock 573,845 560,889
Treasury stock at cost, common stock, 5,213,038 shares and 5,135,406 shares, respectively (45,562) (44,688)
Total stockholders’ equity 504,051 492,861
Total liabilities and stockholders’ equity 2,765,512 2,783,331
Common Class A [Member]    
Stockholders’ equity:    
Common stock 22,334 21,764
Treasury stock at cost, common stock, 5,213,038 shares and 5,135,406 shares, respectively (24,232) (23,340)
Syndicated Program Film Rights, Current [Member]    
Assets:    
Current portion of program broadcast rights, net 9,763 13,735
Network Programming Obligations, Current [Member]    
Liabilities and stockholders’ equity:    
Accrued network programming fees 12,985 14,982
Syndicated Program Film Obliagtions, Current [Member]    
Liabilities and stockholders’ equity:    
Accrued network programming fees $ 10,099 $ 13,924
[1] Our consolidated total assets as of March 31, 2017 included total assets of $149.8 million of a variable interest entity ("VIE"). These assets can only be used to settle the obligations of the VIE.