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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 82,807 $ 107,433
Accounts receivable, less allowance for doubtful accounts of $6,356 and $5,936 at September 30, 2023 and December 31, 2022, respectively 173,459 210,254
Trade receivable 2,616 2,044
Prepaid expenses and other current assets 29,831 25,540
Total current assets 288,713 345,271
Property and equipment, net 185,628 190,107
Operating lease right-of-use assets 123,760 135,236
Broadcast licenses 806,237 807,544
Other intangible assets, net 100,784 115,751
Deferred income tax assets 6,674 5,972
Other assets 9,296 9,150
Total assets 1,521,092 1,609,031
Current liabilities:    
Accounts payable and accrued expenses 103,222 114,826
Current portion of operating lease liabilities 27,732 27,970
Trade payable 3,441 2,812
Total current liabilities 134,395 145,608
Term loan due 2026, net of debt issuance costs of $1,355 and $1,785 at September 30, 2023 and December 31, 2022, respectively 328,155 336,667
6.75% senior notes, net of debt issuance costs of $2,298 and $3,138 at September 30, 2023 and December 31, 2022, respectively 343,947 377,789
Operating lease liabilities 116,499 119,925
Financing liabilities, net 207,725 212,993
Other liabilities 6,251 6,991
Deferred income tax liabilities 653 653
Total liabilities 1,137,625 1,200,626
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Treasury stock, at cost, 5,218,736 and 2,927,739 shares at September 30, 2023 and December 31, 2022, respectively (45,747) (36,533)
Additional paid-in-capital 352,551 348,462
Retained earnings 76,663 96,476
Total stockholders’ equity 383,467 408,405
Total liabilities and stockholders’ equity 1,521,092 1,609,031
Class A Common Stock    
Stockholders’ equity:    
Common stock 0 0
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0