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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 20,999 $ 16,141
Receivables:    
Trade 28,692 32,046
Barter 95 288
Total Receivables 28,787 32,334
Less allowance for doubtful accounts 1,418 1,529
Net receivables 27,369 30,805
Prepaid expenses and other current assets 9,933 8,055
Total current assets 58,301 55,001
Property and equipment, net of accumulated depreciation of $62,318 in 2018 and $61,502 in 2017 22,590 23,464
FCC broadcasting licenses 321,714 322,197
Goodwill 32,806 32,806
Other intangible assets, net of accumulated amortization of $1,284 in 2018 and $1,212 in 2017 1,263 1,336
Assets held for sale   409
Other assets 995 691
Total assets 437,669 435,904
Current liabilities:    
Accounts payable and accrued expenses 19,566 18,763
Accrued interest 1,493 1,797
Unearned revenue 628 715
Other liabilities 10 11
12.5% senior secured notes (note 8) 249,864 260,274
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, 2018 and December 31, 2017 and $82,333 and $75,032 of dividends payable as of September 30, 2018 and December 31, 2017, respectively. 172,882 165,581
Total current liabilities 444,443 447,141
Other liabilities, less current portion 3,571 3,406
Deferred tax liabilities 82,232 81,271
Total liabilities 530,246 531,818
Commitments and contingencies (note 6)
Stockholders’ deficit:    
Additional paid-in capital 526,186 526,147
Accumulated deficit (618,767) (622,065)
Total stockholders’ deficit (92,577) (95,914)
Total liabilities and stockholders’ deficit 437,669 435,904
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, 2018 and December 31, 2017 $ 4 $ 4