SHARE-BASED COMPENSATION (Block)

9 Months Ended

Sep. 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	September 30,
	Period Ended		Units	Price		Term (Years)	2013
RSUs outstanding as of:	December 31, 2012		1,481,268
RSUs awarded			341,377
RSUs released			(434,842)
RSUs forfeited			(43,107)
RSUs outstanding as of:	September 30, 2013		1,344,696	$	-	1.1	$	11,806,431
RSUs vested and expected
to vest as of:	September 30, 2013		1,251,546	$	-	1.1	$	10,224,751
RSUs exercisable (vested and
deferred) as of:	September 30, 2013		86,996	$	-	0.0	$	763,825
Weighted average remaining
recognition period in years			2.2
Unamortized compensation
expense, net of estimated
forfeitures		$	5,318,998

Options

Option Activity

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

	Nine Months Ended September 30,
Other Option Disclosures	2013		2012
	(amounts in thousands)
Intrinsic value of options exercised	$	1,093	$	446
Tax benefit from options exercised (1)	$	415	$	169
Cash received from exercise price of options exercised	$	219	$	120

(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	September 30,
	Period Ended	Options		Price		Term (Years)	2013
Options outstanding as of:	December 31, 2012		742,550	$	2.39
Options granted			5,000		8.72
Options exercised			(153,782)		1.44
Options forfeited			(3,625)		1.34
Options expired			(11,875)		10.16
Options outstanding as of:	September 30, 2013		578,268	$	2.54	5.3	$	3,938,379
Options vested and expected to vest as of:	September 30, 2013		577,466	$	2.53	5.3	$	3,938,280
Options vested and exercisable as of:	September 30, 2013		571,018	$	2.47	5.2	$	3,932,860
Weighted average remaining
recognition period in years			2.7
Unamortized compensation expense,
net of estimated forfeitures		$	27,367

       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
Range Of				Outstanding	Remaining	Average		Exercisable	Average
Exercise Prices				September 30,	Contractual	Exercise		September 30,	Exercise
From		To		2013	Life	Price		2013	Price
$	1.34	$	2.02	522,518	5.3	$	1.34	522,518	$	1.34
$	4.76	$	6.62	16,000	6.0	$	5.58	13,750	$	5.43
$	8.72	$	11.31	15,000	6.2	$	10.39	10,000	$	11.23
$	11.69	$	11.78	15,750	4.3	$	11.72	15,750	$	11.72
$	33.90	$	48.21	9,000	1.0	$	37.72	9,000	$	37.72
$	1.34	$	48.21	578,268	5.3	$	2.54	571,018	$	2.47

Recognized Non-Cash Stock-Based Compensation Expense

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

	Nine Months Ended
	September 30,
	2013		2012
		(amounts in thousands)
Station operating expenses	$	522	$	433
Corporate general and administrative expenses		2,458		3,549
Stock-based compensation expense included in operating expenses		2,980		3,982
Income tax benefit (1)		791		1,119
Net stock-based compensation expense	$	2,189	$	2,863

	Three Months Ended
	September 30,
	2013		2012
	(amounts in thousands)
Station operating expenses	$	187	$	169
Corporate general and administrative expenses		695		1,097
Stock-based compensation expense included in operating expenses		882		1,266
Income tax benefit (1)		230		358
Net stock-based compensation expense	$	652	$	908