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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 27,423 $ 19,443
Receivables:    
Trade 28,592 34,415
Barter 217 231
Total Receivables 28,809 34,646
Less allowance for doubtful accounts 514 1,431
Net receivables 28,295 33,215
Prepaid expenses and other current assets 6,857 5,318
Total current assets 62,575 57,976
Property and equipment, net of accumulated depreciation of $74,969 in 2016 and $71,590 in 2015 28,823 30,460
FCC broadcasting licenses 323,961 319,356
Goodwill 32,806 32,806
Other intangible assets, net of accumulated amortization of $1,092 in 2016 and $1,020 in 2015 1,456 1,528
Assets held for exchange   2,794
Deferred tax assets 1,666 1,758
Other assets 427 531
Total assets 451,714 447,209
Current liabilities:    
Accounts payable and accrued expenses 13,948 16,552
Accrued interest 15,883 7,194
Unearned revenue 960 796
Other liabilities 15 30
Current portion of 12.5% senior secured notes due 2017, net of unamortized discount of $1,149 in 2016 and net of deferred financing costs of $1,989 in 2016 271,862  
Current portion of other long-term debt 4,692 306
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 September 30, 2016 and December 31, 2015 and $62,865 and $55,565 of dividends payable as of September 30, 2016 and December 31, 2015, respectively. 153,414 146,114
Total current liabilities 460,774 170,992
Other liabilities, less current portion 2,967 3,007
Derivative instruments 70 220
12.5% senior secured notes due 2017, net of unamortized discount of $2,609 in 2015 and net of deferred financing costs of $4,535 in 2015   267,856
Other long-term debt, less current portion   4,616
Deferred income taxes 105,599 99,066
Total liabilities 569,410 545,757
Commitments and contingencies (note 6)
Stockholders’ deficit:    
Additional paid-in capital 525,903 525,344
Accumulated other comprehensive loss, net (70) (220)
Accumulated deficit (643,533) (623,676)
Total stockholders’ deficit (117,696) (98,548)
Total liabilities and stockholders’ deficit 451,714 447,209
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 September 30, 2016 and December 31, 2015, respectively $ 4 $ 4