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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 2,191 $ 6,999
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,847 3,737
Deferred income tax expense 250 690
Amortization of deferred costs 27 27
Compensation expense related to restricted stock awards 1,447 743
Loss on sale of assets, net 1,026 125
(Gain) on insurance claims (78)  
Other (gain), net (1,133) (119)
Barter (revenue) expense, net (20) 44
Deferred and other compensation (165) (239)
Changes in assets and liabilities, net of business acquisition:    
Decrease (increase) in receivables and prepaid expenses 1,848 (51)
Increase in accounts payable, accrued expenses, and other liabilities 901 1,965
Total adjustments 7,950 6,922
Net cash provided by operating activities 10,141 13,921
Cash flows from investing activities:    
Purchase of short-term investments (12,993) (14,441)
Redemption of short-term investments 15,104 14,437
Acquisition of property and equipment (Capital Expenditures) (3,199) (3,397)
Acquisition of broadcast properties (5,711)  
Proceeds from sale and disposal of assets 176 621
Proceeds from redemption of investments and other 1,221  
Other investing activities (2) 117
Net cash used in investing activities (5,404) (2,663)
Cash flows from financing activities:    
Proceeds from long-term debt 5,000  
Cash dividends paid (19,391) (16,816)
Purchase of treasury shares (11)  
Net cash used in financing activities (14,402) (16,816)
Net decrease in cash and cash equivalents (9,665) (5,558)
Cash and cash equivalents, beginning of period 29,582 36,802
Cash and cash equivalents, end of period $ 19,917 $ 31,244