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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 118,883 $ 107,433
Accounts receivable, less allowance for doubtful accounts of $6,094 and $5,936 at March 31, 2023 and December 31, 2022, respectively 166,024 210,254
Trade receivable 2,396 2,044
Prepaid expenses and other current assets 26,845 25,540
Total current assets 314,148 345,271
Property and equipment, net 187,706 190,107
Operating lease right-of-use assets 132,504 135,236
Broadcast licenses 807,544 807,544
Other intangible assets, net 110,070 115,751
Deferred income tax assets 4,293 5,972
Other assets 9,763 9,150
Total assets 1,566,028 1,609,031
Current liabilities:    
Accounts payable and accrued expenses 106,588 114,826
Current portion of operating lease liabilities 27,953 27,970
Trade payable 3,244 2,812
Total current liabilities 137,785 145,608
Term loan due 2026, net of debt issuance costs of $1,638 and $1,785 at March 31, 2023 and December 31, 2022, respectively 333,064 336,667
6.75% senior notes, net of debt issuance costs of $2,919 and $3,138 at March 31, 2023 and December 31, 2022, respectively 375,508 377,789
Operating lease liabilities 116,874 119,925
Financing liabilities, net 211,394 212,993
Other liabilities 5,618 6,991
Deferred income tax liabilities 653 653
Total liabilities 1,180,896 1,200,626
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Treasury stock, at cost, 3,471,973 and 2,927,739 shares at March 31, 2023 and December 31, 2022, respectively (39,465) (36,533)
Additional paid-in-capital 349,588 348,462
Retained earnings 75,009 96,476
Total stockholders’ equity 385,132 408,405
Total liabilities and stockholders’ equity $ 1,566,028 1,609,031
Common stock, shares issued (in shares) 21,637,984  
Common stock, shares outstanding (in shares) 18,166,011  
Class A Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0
Common stock, shares issued (in shares) 21,325,943 20,852,749
Common stock, shares outstanding (in shares) 17,853,970 17,925,010
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0
Common stock, shares issued (in shares) 312,041 312,041
Common stock, shares outstanding (in shares) 312,041 312,041