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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of allowance for doubtful accounts
A rollforward of the allowance for doubtful accounts is as follows:
(in thousands)
 
 
 
 
 
January 1, 2014
 
$
1,120

Charged to costs and expenses
 
1,073

Amounts charged off, net
 
(803
)
Balance as of December 31, 2014
 
1,390

Charged to costs and expenses
 
1,412

Amounts charged off, net
 
(1,192
)
Balance as of December 31, 2015
 
1,610

Charged to costs and expenses
 
1,851

Amounts charged off, net
 
(1,829
)
Balance as of December 31, 2016
 
$
1,632

Estimated useful lives of property and equipment
We compute depreciation using the straight-line method over estimated useful lives as follows:
Buildings and improvements
15 to 45 years
Leasehold improvements
Shorter of term of lease or useful life
Broadcast transmission towers and related equipment
15 to 35 years
Other broadcast and program production equipment
3 to 15 years
Computer hardware
3 to 5 years
Office and other equipment
3 to 10 years
Property and equipment consisted of the following:
 
 
As of December 31,
(in thousands)
 
2016
 
2015
 
 
 
 
 
Land and improvements
 
$
59,176

 
$
59,176

Buildings and improvements
 
148,392

 
141,510

Equipment
 
315,352

 
303,867

Computer software
 
14,581

 
17,664

Total
 
537,501

 
522,217

Accumulated depreciation
 
276,770

 
251,170

Net property and equipment
 
$
260,731

 
$
271,047

Components of basic and diluted weighted-average shares
The following table presents information about basic and diluted weighted-average shares outstanding:
 
 
For the years ended December 31,
(in thousands)
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
Numerator (for basic and diluted earnings per share)
 
 
 
 
 
 
Net income (loss)
 
$
67,235

 
$
(82,477
)
 
$
10,529

Less income allocated to RSUs
 
(917
)


 
(240
)
Numerator for basic and diluted earnings per share
 
$
66,318

 
$
(82,477
)
 
$
10,289

Denominator
 
 
 
 
 
 
Basic weighted-average shares outstanding
 
83,339


77,373

 
56,342

Effect of dilutive securities:
 
 
 
 
 
 
Stock options held by employees and directors
 
300



 
897

Diluted weighted-average shares outstanding
 
83,639

 
77,373

 
57,239

Anti-dilutive securities(1)
 

 
1,907

 

(1) 
Amount outstanding at Balance Sheet date, before application of the treasury stock method and not weighted for period outstanding.