SHARE-BASED COMPENSATION (Block)

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments Abstract

Disclosure Of Compensation Related Costs Share Based Payments Text Block

7.       SHARE-BASED COMPENSATION

       Under the Entercom Equity Compensation Plan (the “Plan”), the Company is authorized to issue share-based compensation awards to key employees, directors and consultants.

Restricted Stock Units (“RSUs”) Activity

The following is a summary of the changes in RSUs under the Plan during the current period:

			Number			Weighted	Aggregate
			Of	Weighted		Average	Intrinsic
			Restricted	Average		Remaining	Value As Of
			Stock	Purchase		Contractual	June 30,
	Period Ended		Units	Price		Term (Years)	2013
RSUs outstanding as of:	December 31, 2012		1,481,268
RSUs awarded			331,377
RSUs released			(434,280)
RSUs forfeited			(36,857)
RSUs outstanding as of:	June 30, 2013		1,341,508	$	-	1.4	$	12,663,835
RSUs vested and expected
to vest as of:	June 30, 2013		1,232,038	$	-	1.3	$	10,809,200
RSUs exercisable (vested and
deferred) as of:	June 30, 2013		86,996	$	-	0.0	$	821,242
Weighted average remaining
recognition period in years			2.4
Unamortized compensation
expense, net of estimated
forfeitures		$	6,120,176

Options

Option Activity

The following table provides summary information related to the exercise of stock options:

	Six Months Ended June 30,
Other Option Disclosures	2013		2012
	(amounts in thousands)
Intrinsic value of options exercised	$	1,013	$	331
Tax benefit from options exercised (1)	$	385	$	126
Cash received from exercise price of options exercised	$	206	$	89

(1) Amount excludes impact from suspended income tax benefits and/or valuation allowances.

The following table presents the option activity during the current periodunder the Plan:

						Weighted	Intrinsic
				Weighted		Average	Value
				Average		Remaining	As Of
		Number Of		Exercise		Contractual	June 30,
	Period Ended	Options		Price		Term (Years)	2013
Options outstanding as of:	December 31, 2012		742,550	$	2.39
Options granted			-
Options exercised			(143,625)		1.45
Options forfeited			(3,625)		1.34
Options expired			(6,000)		15.31
Options outstanding as of:	June 30, 2013		589,300	$	2.49	5.5	$	4,407,160
Options vested and expected to vest as of:	June 30, 2013		589,200	$	2.49	5.5	$	4,406,808
Options vested and exercisable as of:	June 30, 2013		584,550	$	2.47	5.5	$	4,389,419
Weighted average remaining
recognition period in years			0.3
Unamortized compensation expense,
net of estimated forfeitures		$	6,783

       The following table summarizes significant ranges of outstanding and exercisable options as of the current period:

				Options Outstanding				Options Exercisable
				Number Of	Weighted			Number Of
				Options	Average	Weighted		Options	Weighted
				Outstanding	Remaining	Average		Exercisable	Average
				June 30,	Contractual	Exercise		June 30,	Exercise
Exercise Prices				2013	Life	Price		2013	Price
$	1.34	$	1.34	535,550	5.6	$	1.34	535,550	$	1.34
$	2.02	$	10.90	19,000	6.1	$	5.95	14,250	$	6.03
$	11.31	$	11.78	25,750	4.3	$	11.60	25,750	$	11.60
$	33.90	$	48.21	9,000	1.3	$	37.72	9,000	$	37.72
$	1.34	$	48.21	589,300	5.5	$	2.49	584,550	$	2.47

Recognized Non-Cash Stock-Based Compensation Expense

       The following summarizes recognized non-cash stock-based compensation expense, which consists primarily of RSUs:

	Six Months Ended
	June 30,
	2013		2012
		(amounts in thousands)
Station operating expenses	$	335	$	264
Corporate general and administrative expenses		1,763		2,454
Stock-based compensation expense included in operating expenses		2,098		2,718
Income tax benefit		561		761
Net non-cash compensation expense	$	1,537	$	1,957

	Three Months Ended
	June 30,
	2013		2012
	(amounts in thousands)
Station operating expenses	$	180	$	158
Corporate general and administrative expenses		776		1,163
Stock-based compensation expense included in operating expenses		956		1,321
Income tax benefit		245		372
Net stock-based compensation expense	$	711	$	949