XML 24 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 21,236 $ 23,991
Receivables:    
Trade 27,324 27,506
Barter 225 205
Total Receivables 27,549 27,711
Less allowance for doubtful accounts 1,032 2,322
Net receivables 26,517 25,389
Prepaid expenses and other current assets 5,281 3,928
Total current assets 53,034 53,308
Property and equipment, net of accumulated depreciation of $71,224 in 2015 and $69,632 in 2014 30,707 32,382
FCC broadcasting licenses 323,055 323,055
Goodwill 32,806 32,806
Other intangible assets, net of accumulated amortization of $972 in 2015 and $924 in 2014 1,576 1,624
Deferred financing costs, net of accumulated amortization of $11,391 in 2015 and $9,706 in 2014 6,225 7,910
Other assets 633 728
Total assets 448,036 451,813
Current liabilities:    
Accounts payable and accrued expenses 15,608 16,495
Accrued interest 7,196 7,202
Unearned revenue 392 449
Other liabilities 282 269
Current portion of other long-term debt 320 336
10 3/4% Series B cumulative exchangeable redeemable preferred stock outstanding and dividends outstanding, $0.01 par value, liquidation value $1,000 per share. Authorized 280,000 shares: 90,549 shares issued and outstanding at June 30, 2015 and December 31, 2014 and $50,698 and $45,831 of dividends payable as of June 30, 2015 and December 31, 2014, respectively. 141,247 136,380
Total current liabilities 165,045 161,131
Other liabilities, less current portion 87 94
Derivative instruments 327 408
12.5% senior secured notes due 2017, net of unamortized discount of $3,504 in 2015 and $4,343 in 2014 271,496 270,657
Other long-term debt, less current portion 4,769 4,922
Deferred income taxes 92,636 88,806
Total liabilities $ 534,360 $ 526,018
Commitments and contingencies (note 6)    
Stockholders’ deficit:    
Additional paid-in capital $ 525,335 $ 525,335
Accumulated other comprehensive loss, net (327) (408)
Accumulated deficit (611,336) (599,136)
Total stockholders’ deficit (86,324) (74,205)
Total liabilities and stockholders’ deficit 448,036 451,813
Preferred Stock | Series C convertible preferred stock    
Stockholders’ deficit:    
Series C convertible preferred stock, $0.01 par value and liquidation value. Authorized 600,000 shares; 380,000 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 4 4
Total stockholders’ deficit $ 4 $ 4