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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 92,420 $ 107,433
Accounts receivable, less allowance for doubtful accounts of $6,390 and $5,936 at June 30, 2023 and December 31, 2022, respectively 167,013 210,254
Trade receivable 2,659 2,044
Prepaid expenses and other current assets 24,904 25,540
Total current assets 286,996 345,271
Property and equipment, net 186,726 190,107
Operating lease right-of-use assets 122,922 135,236
Broadcast licenses 806,237 807,544
Other intangible assets, net 104,864 115,751
Deferred income tax assets 6,560 5,972
Other assets 9,232 9,150
Total assets 1,523,537 1,609,031
Current liabilities:    
Accounts payable and accrued expenses 103,218 114,826
Current portion of operating lease liabilities 27,778 27,970
Trade payable 3,595 2,812
Total current liabilities 134,591 145,608
Term loan due 2026, net of debt issuance costs of $1,508 and $1,785 at June 30, 2023 and December 31, 2022, respectively 333,194 336,667
6.75% senior notes, net of debt issuance costs of $2,486 and $3,138 at June 30, 2023 and December 31, 2022, respectively 343,759 377,789
Operating lease liabilities 116,277 119,925
Financing liabilities, net 209,575 212,993
Other liabilities 6,214 6,991
Deferred income tax liabilities 653 653
Total liabilities 1,144,263 1,200,626
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Treasury stock, at cost, 5,218,736 and 2,927,739 shares at June 30, 2023 and December 31, 2022, respectively (45,747) (36,533)
Additional paid-in-capital 351,080 348,462
Retained earnings 73,941 96,476
Total stockholders’ equity 379,274 408,405
Total liabilities and stockholders’ equity 1,523,537 1,609,031
Class A Common Stock    
Stockholders’ equity:    
Common stock 0 0
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0