XML 40 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 3 - Acquisitions and Dispositions (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Schedule of Noncash or Part Noncash Acquisitions [Table Text Block]
   
 
 
 
 
 
 
 
 
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,
 
   
2017
   
2016
 
                 
Revenue (less agency commissions)
  $
895,081
    $
926,799
 
Net income
  $
260,909
    $
88,679
 
                 
Basic net income per share
  $
3.57
    $
1.23
 
Diluted net income per share
  $
3.53
    $
1.22
 
   
Years Ended
 
   
December 31,
 
   
2016
 
         
Revenue (less agency commissions)
  $
825,787
 
Net income
  $
57,795
 
         
Basic net income per share
  $
0.80
 
Diluted net income per share
  $
0.79
 
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
 
2017 Acquisitions [Member]  
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
   
Acquisition
   
 
 
 
   
Fairbanks
   
Media General
   
Clarksburg
   
Diversified
   
Vermont
   
Total
 
                                                 
Current assets
  $
122
    $
666
    $
462
    $
361
    $
312
    $
1,923
 
Property and equipment
   
2,650
     
20,181
     
4,133
     
12,329
     
9,513
     
48,806
 
Goodwill
   
471
     
86,287
     
3,222
     
35,486
     
3,393
     
128,859
 
Broadcast licenses
   
2,228
     
149,846
     
17,003
     
26,219
     
7,592
     
202,888
 
Other intangible assets
   
2,702
     
13,398
     
2,234
     
11,051
     
5,191
     
34,576
 
Other non-current assets
   
71
     
282
     
51
     
27
     
3,310
     
3,741
 
Current liabilities
   
(140
)    
(695
)    
(554
)    
(423
)    
(311
)    
(2,123
)
Other long-term liabilities
   
(84
)    
-
     
(51
)    
(50
)    
-
     
(185
)
Total
  $
8,020
    $
269,965
    $
26,500
    $
85,000
    $
29,000
    $
418,485