XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 72,174 $ 67,376
Trade accounts receivable, net of allowance for doubtful accounts of $6,743 and $6,899, respectively 101,393 105,184
Prepaid expenses 7,484 7,650
Current portion of content assets 33,193 28,638
Other current assets 3,986 4,711
Total current assets 218,230 213,559
CONTENT ASSETS, net 75,453 48,244
PROPERTY AND EQUIPMENT, net 25,720 29,278
GOODWILL 258,284 258,284
RADIO BROADCASTING LICENSES 645,107 643,239
OTHER INTANGIBLE ASSETS, net 122,198 141,433
OTHER ASSETS 14,537 12,487
Total assets 1,359,529 1,346,524
CURRENT LIABILITIES:    
Accounts payable 5,003 8,464
Accrued interest 15,886 17,366
Accrued compensation and related benefits 11,600 12,929
Current portion of content payables 24,401 14,998
Other current liabilities 28,462 26,149
Current portion of long-term debt 3,500 3,500
Total current liabilities 88,852 83,406
LONG-TERM DEBT, net of current portion, original issue discount and issuance costs 1,002,283 1,020,837
CONTENT PAYABLES, net of current portion 18,450 6,885
OTHER LONG-TERM LIABILITIES 33,000 29,034
DEFERRED TAX LIABILITIES, net 271,006 266,900
Total liabilities 1,413,591 1,407,062
REDEEMABLE NONCONTROLLING INTERESTS 12,004 11,286
STOCKHOLDERS’ DEFICIT:    
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at September 30, 2016 and December 31, 2015 0 0
Additional paid-in capital 983,124 983,847
Accumulated deficit (1,049,239) (1,055,721)
Total stockholders’ deficit (66,066) (71,824)
Total liabilities, redeemable noncontrolling interests and stockholders’ deficit 1,359,529 1,346,524
Common Class A [Member]    
STOCKHOLDERS’ DEFICIT:    
Common stock value 2 2
Common Class B [Member]    
STOCKHOLDERS’ DEFICIT:    
Common stock value 3 3
Common Class C [Member]    
STOCKHOLDERS’ DEFICIT:    
Common stock value 3 3
Common Class D [Member]    
STOCKHOLDERS’ DEFICIT:    
Common stock value $ 41 $ 42