XML 23 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
ACQUISITIONS (Details) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 9 Months Ended 0 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Measurement period adjustments
Sep. 30, 2014
Measurement period adjustments
Sep. 30, 2014
5.625% Senior Unsecured Notes, due 2024
Aug. 08, 2013
Fisher
station
market
Sep. 30, 2014
Fisher
Sep. 30, 2013
Fisher
Sep. 30, 2014
Fisher
Sep. 30, 2013
Fisher
Sep. 30, 2014
Fisher
KIDK and KXPI
station
Aug. 08, 2013
Fisher
Network affiliations
Aug. 08, 2013
Fisher
Decaying advertiser base
Aug. 08, 2013
Fisher
Other intangible assets
Nov. 22, 2013
Barrington Broadcasting Company, LLC
market
station
Sep. 30, 2014
Barrington Broadcasting Company, LLC
Sep. 30, 2014
Barrington Broadcasting Company, LLC
Nov. 22, 2013
Barrington Broadcasting Company, LLC
Network affiliations
Nov. 22, 2013
Barrington Broadcasting Company, LLC
Decaying advertiser base
Nov. 22, 2013
Barrington Broadcasting Company, LLC
Other intangible assets
Aug. 01, 2014
Allbritton
Sep. 30, 2014
Allbritton
Sep. 30, 2014
Allbritton
Jul. 31, 2014
Allbritton
station
Sep. 03, 2014
Allbritton
WHTM
Aug. 01, 2014
Allbritton
5.625% Senior Unsecured Notes, due 2024
Aug. 01, 2014
Allbritton
Network affiliations
Aug. 01, 2014
Allbritton
Decaying advertiser base
Aug. 01, 2014
Allbritton
Other intangible assets
May 31, 2013
CMG
market
station
Dec. 31, 2013
TTBG LLC
market
station
Sep. 30, 2014
Other acquisitions
Sep. 30, 2014
Other acquisitions
Sep. 30, 2013
Other acquisitions
Sep. 30, 2014
Other acquisitions
Sep. 30, 2013
Other acquisitions
Dec. 31, 2013
Other acquisitions
market
station
Dec. 31, 2013
Other acquisitions
Network affiliations
Dec. 31, 2013
Other acquisitions
Decaying advertiser base
Dec. 31, 2013
Other acquisitions
Other intangible assets
Acquisitions                                                                                    
Cash paid               $ 373,200,000                 $ 370,000,000           $ 985,000,000                     $ 33,000,000         $ 272,700,000      
Cash paid for acquisition (in dollars per share)               $ 41.0                                                                    
Number of television stations               22         2       24                 9           5 10           19      
Number of markets               8                 15                             4 4           10      
Number of stations to which sales services were provided                                 5                                                  
Number of radio stations in Seattle market               4                                                                    
Working capital adjustment                                 (2,400,000)           52,100,000                               9,500,000      
Proceeds from the sale of broadcast assets                                                     83,400,000                              
Working capital adjustment in disposition                                                     200,000                              
Noncontrolling interests related to the license assets                                 7,500,000                                           700,000      
Price of assets acquired/sold                         6,300,000                                                          
Allocated fair value of acquired assets and assumed liabilities                                                                                    
Cash               13,531,000                                                                    
Accounts receivable               29,485,000                             38,542,000                               8,226,000      
Prepaid expenses and other current assets               19,133,000                 681,000           21,482,000                     6,000 6,000   6,000   5,217,000      
Program contract costs               11,427,000                 3,960,000           1,204,000                     100,000 100,000   100,000   6,050,000      
Property and equipment         45,000,000 45,000,000   73,968,000                 73,621,000           46,600,000                     10,070,000 10,070,000   10,070,000   67,429,000      
Broadcast licenses         22,000,000 22,000,000   29,771,000                 2,948,000           5,000,000                     25,000 25,000   25,000   4,395,000      
Interest rate (as a percent)             5.625%                                         5.625%                            
Definite-lived intangible assets               166,378,000           117,500,000 18,100,000 30,800,000 217,818,000     101,000,000 42,000,000 74,800,000 589,100,000           391,100,000 35,600,000 162,400,000     20,384,000 20,384,000   20,384,000   157,820,000      
Other assets               7,683,000                             20,352,000                               1,394,000      
Assets held for sale               6,339,000                             83,200,000                                      
Accrued liabilities                                                                             (3,926,000)      
Accounts payable and accrued liabilities               (20,127,000)                 (2,725,000)           (7,901,000)                                      
Program contracts payable               (10,977,000)                 (3,813,000)           (1,140,000)                     (100,000) (100,000)   (100,000)   (6,331,000)      
Deferred tax liabilities         (29,000,000) (29,000,000)   (74,177,000)                             (266,313,000)                               (1,882,000)      
Other long-term liabilities               (22,127,000)                 (65,000)           (17,025,000)                               (10,550,000)      
Fair value of identifiable net assets acquired               230,307,000                 292,425,000           513,101,000                     30,485,000 30,485,000   30,485,000   227,842,000      
Goodwill           (56,000,000)   143,942,000                 75,261,000           523,953,000                           2,521,000   55,036,000      
Depreciation expense 25,342,000 17,408,000 74,972,000 47,108,000 1,200,000 2,500,000                                                                        
Amortization expense         1,200,000 2,500,000                                                                        
Less: fair value of non-controlling interests               (1,053,000)                                                                    
Total               373,196,000                 367,686,000           1,037,054,000                     33,006,000 33,006,000   33,006,000   282,878,000      
Goodwill deductible for tax purposes               11,100,000                                                                    
Amortization period                           15 years 10 years         15 years 10 years               15 years 10 years                   15 years 10 years  
Weighted average life                               14 years           15 years                 15 years                     14 years
Net broadcast revenues 448,056,000 303,028,000 1,226,088,000 835,223,000         45,300,000 25,900,000 129,600,000 25,900,000           42,800,000 123,200,000         41,200,000 41,200,000                   35,200,000 5,000,000 98,700,000 14,800,000        
Operating income                 6,100,000 8,200,000 12,600,000 8,200,000           6,500,000 22,200,000         9,000,000 9,000,000                   14,200,000 3,400,000 22,700,000 5,800,000        
Pro Forma Information                                                                                    
Total revenues 500,133,000 440,104,000 1,469,241,000 1,286,344,000                                                                            
Net Income from continuing operations 45,028,000 17,945,000 107,949,000 31,947,000                                                                            
Net Income attributable to Sinclair Broadcast Group from continuing operations $ 44,601,000 $ 17,636,000 $ 106,757,000 $ 31,532,000                                                                            
Basic earnings per share attributable to Sinclair Broadcast Group from continuing operations (in dollars per share) $ 0.46 $ 0.18 $ 1.09 $ 0.35                                                                            
Diluted earnings per share attributable to Sinclair Broadcast Group from continuing operations (in dollars per share) $ 0.45 $ 0.18 $ 1.08 $ 0.34