XML 16 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Cash $ 42,360 $ 325,189
Accounts receivable trade, less allowance for doubtful accounts of $3,615 and $3,163, respectively 169,846 146,811
FCC spectrum auction proceeds receivable 90,824
Prepaid taxes 15,631 14,641
Prepaid and other current assets 5,712 5,109
Total current assets 329,372 505,485
Property and equipment, net 346,495 326,093
Broadcast licenses 1,522,532 1,340,305
Goodwill 610,494 485,318
Other intangible assets, net 78,364 56,250
Deferred tax asset 31,975 30,826
Investments in broadcasting and technology companies 16,599 16,599
Other 33,991 22,455
Total assets 2,969,822 2,783,331
Liabilities and stockholders’ equity:    
Accounts payable 2,736 5,257
Employee compensation and benefits 23,246 31,367
Accrued interest 26,536 32,453
Other accrued expenses 9,599 13,802
Federal and state income taxes 4,496 2,916
Deferred revenue 4,731 4,706
Current portion of long-term debt 6,417
Total current liabilities 99,235 119,407
Long-term debt 1,832,197 1,756,747
Program broadcast obligations, less current portion 4,123 4,995
Deferred income taxes 427,612 373,837
Accrued pension costs 33,176 34,047
Other 1,424 1,437
Total liabilities 2,397,767 2,290,470
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock 659,647 658,135
Accumulated deficit (19,192) (101,365)
Accumulated other comprehensive loss, net of income tax benefit (17,645) (17,645)
Stockholders' equity before treasury stock 645,849 560,889
Treasury stock at cost, common stock, 5,535,076 shares and 5,135,406 shares, respectively (49,562) (44,688)
Total stockholders’ equity 572,055 492,861
Total liabilities and stockholders’ equity 2,969,822 2,783,331
Common Class A [Member]    
Stockholders’ equity:    
Common stock 23,039 21,764
Treasury stock at cost, common stock, 5,535,076 shares and 5,135,406 shares, respectively (24,232) (23,340)
Total stockholders’ equity 572,055 492,861
Network Programming Obligations, Current [Member]    
Liabilities and stockholders’ equity:    
Accrued network programming fees 15,912 14,982
Syndicated Program Film Rights, Current [Member]    
Assets:    
Current portion of program broadcast rights, net 4,999 13,735
Syndicated Program Film Obliagtions, Current [Member]    
Liabilities and stockholders’ equity:    
Accrued network programming fees $ 5,562 $ 13,924