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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule Of Launch Assets [Table Text Block]
The gross value and accumulated amortization of the launch assets is as follows:
 
 
 
As of December 31,
 
 
 
2017
 
2016
 
 
 
(In thousands)
 
Launch assets
 
$
3,632
 
$
1,784
 
Less: Accumulated amortization
 
 
(635)
 
 
(203)
 
Launch assets, net
 
$
2,997
 
$
1,581
 
Schedule Of Launch Assets Future Amortization Expense [Table Text Block]
Future estimated launch support amortization expense or revenue reduction related to launch assets for years 2018 through 2022 is as follows:
 
 
 
(In thousands)
 
2018
 
$
422
 
2019
 
$
422
 
2020
 
$
422
 
2021
 
$
422
 
2022
 
$
422
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table summarizes the potential common shares excluded from the diluted calculation.
 
 
 
Year ended
December 31, 2016
 
Stock options
 
 
3,700
 
Restricted stock awards
 
 
1,226
 
Fair Value, by Balance Sheet Grouping [Table Text Block]
As of December 31, 2017, and December 31, 2016, respectively, the fair values of our financial assets and liabilities measured at fair value on a recurring basis are categorized as follows: 
 
 
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
 
(In thousands)
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration (a)
 
$
1,580
 
 
 
 
 
$
1,580
 
Employment agreement award (b)
 
 
32,323
 
 
 
 
 
 
32,323
 
Total
 
$
33,903
 
$
 
$
 
$
33,903
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mezzanine equity subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests (c)
 
$
10,780
 
$
 
$
 
$
10,780
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Employment agreement award (b)
 
$
26,965
 
$
 
$
 
$
26,965
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mezzanine equity subject to fair value measurement:
 
 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests (c)
 
$
12,410
 
$
 
$
 
$
12,410
 
  
(a)  This balance is measured based on the income approach to valuation in the form of a Monte Carlo simulation. The Monte Carlo simulation method is suited to instances such as this where there is non-diversifiable risk. It is also well-suited to multi-year, path dependent scenarios. Significant inputs to the Monte Carlo method include forecasted net revenues, discount rate and expected volatility. A third-party valuation firm assisted the Company in estimating the contingent consideration.
 
(b)  Pursuant to an employment agreement (the “Employment Agreement”) executed in April 2008, the Chief Executive Officer (“CEO”) became eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4% of any proceeds from distributions or other liquidity events in excess of the return of the Company’s aggregate investment in TV One. The Company reviews the factors underlying this award at the end of each quarter including the valuation of TV One (based on the estimated enterprise fair value of TV One as determined by a discounted cash flow analysis), and an assessment of the probability that the Employment Agreement will be renewed and contain this provision. There are probability factors included in the calculation of the award related to the likelihood that the award will be realized. The Company’s obligation to pay the award was triggered after the Company’s recovery of the aggregate amount of our pre-Comcast Buyout capital contribution in TV One, and payment is required only upon actual receipt of distributions of cash or marketable securities or proceeds from a liquidity event with respect to such invested amount. The CEO was fully vested in the award upon execution of the Employment Agreement, and the award lapses if the CEO voluntarily leaves the Company or is terminated for cause. A third-party valuation firm assisted the Company in estimating TV One’s fair value using a discounted cash flow analysis. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value. The Compensation Committee of the Board of Directors of the Company approved terms for a new employment agreement with the CEO, including a renewal of the Employment Agreement Award upon similar terms as in the prior Employment Agreement. While a new employment agreement has not been executed as of the date of this report, the CEO is being compensated according to the new terms approved by the Compensation Committee.         
 
(c)  The redeemable noncontrolling interest in Reach Media is measured at fair value using a discounted cash flow methodology. A third-party valuation firm assisted the Company in estimating the fair value. Significant inputs to the discounted cash flow analysis include forecasted operating results, discount rate and a terminal value.
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
There were no transfers in or out of Level 1, 2, or 3 during the years ended December 31, 2017 and 2016. The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the years ended December 31, 2016 and 2017:
 
 
 
Contingent
Consideration
 
Incentive
Award Plan*
 
Employment
Agreement
Award
 
Redeemable
Noncontrolling
Interests
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
 
$
 
$
1,506
 
$
20,915
 
$
11,286
 
Dividends paid to redeemable noncontrolling interests
 
 
 
 
 
 
 
 
(2,001)
 
Net income attributable to redeemable noncontrolling interests
 
 
 
 
 
 
 
 
1,139
 
Distribution
 
 
 
 
(1,480)
 
 
(1,800)
 
 
 
Change in fair value
 
 
 
 
(26)
 
 
7,850
 
 
1,986
 
Balance at December 31, 2016
 
$
 
$
 
$
26,965
 
$
12,410
 
Variable consideration at acquisition date
 
 
2,203
 
 
 
 
 
 
 
Net income attributable to redeemable noncontrolling interests
 
 
 
 
 
 
 
 
575
 
Distribution
 
 
(397)
 
 
 
 
(3,101)
 
 
 
Change in fair value
 
 
(226)
 
 
 
 
8,459
 
 
(2,205)
 
Balance at December 31, 2017
 
$
1,580
 
$
 
$
32,323
 
$
10,780
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The amount of total income (losses) for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at December 31, 2017
 
$
226
 
$
 
$
(8,459)
 
$
 
The amount of total income (losses) for the period included in earnings attributable to the change in unrealized losses relating to assets and liabilities still held at December 31, 2016
 
$
 
$
26
 
$
(7,850)
 
$
 
 
* The incentive award plan liability included in the table above was measured at fair value on a recurring basis and final distribution took place during 2016. During 2016, a new incentive award plan was established and the liability associated with the plan is no longer measured at fair value and therefore the liability is not included in the table above.
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: 
 
 
 
 
 
Significant
 
As of 
December 31, 2017
 
As of 
December 31, 2016
 
Level 3 liabilities
 
Valuation Technique
 
Unobservable Inputs
 
Significant Unobservable Input Value
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration
 
Monte Carol Simulation
 
Expected volatility
 
 
36.9
%
 
N/A
 
Contingent consideration
 
Monte Carol Simulation
 
Discount Rate
 
 
16.0
%
 
N/A
 
Employment agreement award
 
Discounted Cash Flow
 
Discount Rate
 
 
11.0
%
 
11.0
%
Employment agreement award
 
Discounted Cash Flow
 
Long-term Growth Rate
 
 
2.5
%
 
2.5
%
Redeemable noncontrolling interest
 
Discounted Cash Flow
 
Discount Rate
 
 
10.5
%
 
10.5
%
Redeemable noncontrolling interest
 
Discounted Cash Flow
 
Long-term Growth Rate
 
 
1.0
%
 
1.0
%