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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
[1]
Current assets:    
Cash and cash equivalents $ 24,116 $ 36,802
Short-term investments 10,323 10,123
Accounts receivable, net 16,380 17,440
Prepaid expenses and other current assets 3,735 2,479
Barter transactions 1,251 1,015
Total current assets 55,805 67,859
Property and equipment 148,383 146,054
Less accumulated depreciation 95,011 92,856
Net property and equipment 53,372 53,198
Other assets:    
Broadcast licenses, net 90,240 90,307
Goodwill 19,236 19,236
Other intangibles, right of use assets, deferred costs and investments, net 10,935 10,153
Total assets 229,588 240,753
Current liabilities:    
Accounts payable 2,588 2,654
Accrued payroll and payroll taxes 4,648 5,623
Dividend payable 0 13,754
Other accrued expenses 6,475 6,359
Barter transactions 1,238 987
Total current liabilities 14,949 29,377
Deferred income taxes 26,152 25,737
Other liabilities 8,001 7,110
Total liabilities 49,102 62,224
Commitments and contingencies
Shareholders' equity:    
Common Stock 78 78
Additional paid-in capital 71,972 71,664
Retained earnings 145,104 143,896
Treasury stock (36,668) (37,109)
Total shareholders' equity 180,486 178,529
Total liabilities and shareholders' equity $ 229,588 $ 240,753
[1] The balance sheet at December 31, 2022 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.