XML 53 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fresh Start Accounting (Schedule of Adjustments Set Forth in the Statement of Financial Position) (Details)
Jun. 04, 2018
USD ($)
Fresh Start Adjustments, Assets  
Goodwill $ (135,214,000)
Fresh Start Adjustments, Liabilities and Stockholders' (Deficit) Equity  
(Accumulated deficit) retained earnings 2,306,203
Current liabilities:  
Term Loan 1,287,000,000
Fresh Start Adjustments  
Current liabilities:  
Deferred income taxes (10,642,000)
Fresh Start Adjustments, Assets  
Property and equipment, net 121,732,000
Goodwill (135,214,000)
Fresh Start Adjustments, Liabilities and Stockholders' (Deficit) Equity  
Term Loan 18,000,000
(Accumulated deficit) retained earnings (168,649,000)
Predecessor Company  
Current assets:  
Cash and cash equivalents 108,480,000
Restricted cash 13,720,000
Accounts receivable 215,724,000
Trade receivable 5,221,000
Prepaid expenses and other current assets 49,912,000
Total current assets 393,057,000
Property and equipment, net 193,574,000
Broadcast licenses 1,203,809,000
Other intangible assets 75,056,000
Goodwill 135,214,000
Other assets 18,012,000
Total assets 2,018,722,000
Current liabilities:  
Accounts payable and accrued expenses 108,448,000
Total current liabilities 108,448,000
Other liabilities 2,801,000
Total non-current liabilities 2,801,000
Liabilities subject to compromise 2,647,110,000
Total liabilities 2,758,359,000
Stockholder's (deficit) equity:  
Predecessor treasury stock (229,310,000)
Predecessor additional-paid-in-capital 1,626,906,000
(Accumulated deficit) retained earnings (2,137,554,000)
Total stockholders' (deficit) equity (739,637,000)
Total liabilities and stockholders’ equity (deficit) 2,018,722,000
Current assets:  
Cash and cash equivalents 50,046,000
Restricted cash 38,305,000
Accounts receivable 215,724,000
Trade receivable 5,221,000
Prepaid expenses and other current assets 29,922,000
Total current assets 339,218,000
Property and equipment, net 315,306,000
Broadcast licenses 918,500,000
Other intangible assets 212,458,000
Other assets 18,012,000
Total assets 1,803,494,000
Current liabilities:  
Accounts payable and accrued expenses 114,573,000
Current portion of Term Loan 13,000,000
Total current liabilities 127,573,000
Term Loan 1,287,000,000
Other liabilities 24,126,000
Deferred income taxes 39,795,000
Total non-current liabilities 1,350,921,000
Total liabilities 1,478,494,000
Stockholder's (deficit) equity:  
Successor additional-paid-in-capital 325,000,000
Total stockholders' (deficit) equity 325,000,000
Total liabilities and stockholders’ equity (deficit) 1,803,494,000
Predecessor Company | Class A common stock  
Stockholder's (deficit) equity:  
Old common stock (predecessor) 320,000
Predecessor Company | Class C common stock  
Stockholder's (deficit) equity:  
Old common stock (predecessor) 1,000
Predecessor Company | Fresh Start Adjustments  
Current liabilities:  
Deferred income taxes (10,642,000)
Fresh Start Adjustments, Assets  
Property and equipment, net 121,732,000
Broadcast licenses (285,309,000)
Other intangible assets 137,402,000
Goodwill (135,214,000)
Total assets (161,389,000)
Fresh Start Adjustments, Liabilities and Stockholders' (Deficit) Equity  
Accounts payable and accrued expenses (128,000)
Total current liabilities (128,000)
Term Loan 18,017,000
Other liabilities 13,000
Total non-current liabilities 7,388,000
Total liabilities 7,260,000
(Accumulated deficit) retained earnings (168,649,000)
Total stockholders' (deficit) equity (168,649,000)
Total liabilities and stockholders’ equity (deficit) (161,389,000)
Predecessor Company | Reorganization Adjustments  
Current assets:  
Cash and cash equivalents (58,434,000)
Restricted cash 24,585,000
Accounts receivable 0
Prepaid expenses and other current assets (19,990,000)
Total current assets (53,839,000)
Total assets (53,839,000)
Current liabilities:  
Accounts payable and accrued expenses 6,253,000
Current portion of Term Loan 13,000,000
Total current liabilities 19,253,000
Term Loan 1,268,983,000
Deferred income taxes 50,437,000
Other liabilities 21,312,000
Total non-current liabilities 1,340,732,000
Liabilities subject to compromise (2,647,110,000)
Total liabilities (1,287,125,000)
Stockholder's (deficit) equity:  
Predecessor treasury stock 229,310,000
Predecessor additional-paid-in-capital (1,626,906,000)
(Accumulated deficit) retained earnings 2,306,203,000
Total stockholders' (deficit) equity 1,233,286,000
Total liabilities and stockholders’ equity (deficit) (53,839,000)
Stockholder's (deficit) equity:  
Successor additional-paid-in-capital 325,000,000
Predecessor Company | Reorganization Adjustments | Class A common stock  
Stockholder's (deficit) equity:  
Old common stock (predecessor) (320,000)
Predecessor Company | Reorganization Adjustments | Class C common stock  
Stockholder's (deficit) equity:  
Old common stock (predecessor) $ (1,000)