Organization and Business Activities (Tables)

12 Months Ended

Dec. 31, 2019

Organization and Business Activities

Summary of condensed consolidated balance sheets

The impact on our Consolidated Balance Sheets, including the reduction of our operating lease assets and the related liabilities, pursuant to the effectiveness of the Master Transaction Agreement on September 10, 2019 was as follows (in thousands):

Assets
Other current assets	$	3,430
Property and equipment, net		825,302
FCC authorizations		65,615
Operating lease assets		(494,839)
Other noncurrent assets, net		13,158
Total assets	$	412,666
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
Accrued interest	$	1,239
Other accrued expenses		(157,216)
Current portion of long-term debt and finance lease obligations		50,056
Total current liabilities		(105,921)
Long-Term Obligations, Net of Current Portion:
Long-term debt and finance lease obligations, net of current portion		194,183
Deferred tax liabilities		166,161
Operating lease liabilities		(338,902)
Total long-term obligations, net of current portion		21,442
Total liabilities		(84,479)
Stockholders’ Equity (Deficit):
Class A common stock, $.01 par value		229
Additional paid-in capital		496,916
Total stockholders’ equity (deficit)		497,145
Total liabilities and stockholders’ equity (deficit)	$	412,666