XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 271,761 $ 15,142
Restricted cash 0 1,865
Accounts receivable, less allowance for doubtful accounts of $6,745 and $5,197 at December 31, 2020 and 2019, respectively 201,275 242,599
Trade receivable 1,986 2,790
Assets held for sale 0 87,000
Prepaid expenses and other current assets 27,942 31,285
Total current assets 502,964 380,681
Property and equipment, net 208,692 232,934
Operating lease right-of-use assets 157,568 143,436
Broadcast licenses 825,590 830,490
Other intangible assets, net 144,387 164,383
Deferred income tax assets 7,779 0
Other assets 12,758 9,408
Total assets 1,859,738 1,761,332
Current liabilities:    
Accounts payable and accrued expenses 94,128 97,527
Current portion of operating lease liabilities 28,121 34,462
Trade payable 1,537 2,323
Current portion of term loan 5,250 5,250
Total current liabilities 129,036 139,562
2020 revolving credit facility 60,000 0
6.75% senior notes, net of debt issuance costs of $5,486 and $6,938 at December 31, 2020 and 2019, respectively 447,350 493,062
Operating lease liabilities 129,273 111,184
Liabilities, Noncurrent 222,802 17,221
Other liabilities 13,375 10,618
Deferred income tax liabilities 0 21,038
Total liabilities 1,462,147 1,306,116
Commitments and contingencies (Note 14)
Stockholders' equity:    
Treasury stock, at cost, 174,222 and 68,658 shares at December 31, 2020 and 2019, respectively (2,414) (1,171)
Additional paid-in-capital 337,042 333,705
Retained earnings 62,963 122,682
Total stockholders' equity 397,591 455,216
Total liabilities and stockholders' equity 1,859,738 1,761,332
Term Loan Due 2026    
Current liabilities:    
Current portion of term loan 5,250 5,250
Term loan due 2026, net of debt issuance costs of $3,850 and $5,007 at December 31, 2020 and 2019, respectively 460,311 513,431
Class A Common Stock    
Stockholders' equity:    
Common stock 0 0
Class B Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0