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ACQUISITIONS, DIVESTITURES AND PRO FORMA SUMMARY (Tables)
9 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Schedule of merger and acquisition costs
Nine Months EndedThree Months Ended
September 30,
2015201420152014
(amounts in thousands)
Merger & Acquisition Costs$3,978$-$224$-
Restructuring Charges$1,754$-$1,754$-
Schedule of unaudited pro forma summary of financial information
Nine Months Ended Three Months Ended
September 30,September 30,
2015201420152014
(amounts in thousands, except per share data)
Pro FormaPro FormaPro FormaPro Forma
Net revenues$322,083$320,600$117,102$114,463
Net income (loss) available to the Company$15,253$18,032$8,533$7,148
Net income (loss) available to common shareholders$13,603$16,794$7,983$6,736
Net income (loss) available to common shareholders
per common share - basic$0.36$0.45$0.21$0.18
Net income (loss) available to common shareholders
per common share - diluted$0.35$0.44$0.21$0.18
Schedule of the future amortization of unfavoarble leases from acquisition
As Of
September 30,
2015
(amounts in
thousands)
Years ending December 31,
2015$638
2016756
2017594
2018138
2019133
Thereafter466
$2,725
Schedule Of Acquisition Valuation [Table Text Block]
Useful Lives In Years
DescriptionAmountFromTo
(in thousands)
Cash$2,246
Accounts receivable, net of an allowance for bad debt11,908less than 1 year
Prepaid expenses, deposits and other953less than 1 year
Total current assets15,107
Land7,368non-depreciating
Land improvements871515
Building1,0671525
Leasehold improvements973211
Equipment and towers8,651340
Furniture and fixtures2955
Total tangible property18,175
Assets held for sale1,885
Favorable leases24over remaining lease life
Advertiser lists and customer relationships15133
Acquired advertising contracts297less than 1 year
Trademarks and trade names1555
Broadcasting licenses79,209non-amortizing
Goodwill5,866non-amortizing
Total intangible assets87,447
Total assets$120,729
Accounts payable$723less than 1 year
Accrued expenses3,232less than 1 year
Other current liabilities12less than 1 year
Total current liabilities3,967
Unfavorable lease liabilities799over remaining lease life
Unfavorable contract liabilities2,458over remaining lease life
Asset retirement liabilities15over remaining lease life
Other long-term liabilities3,272
Total liabilities acquired$7,239
Net assets acquired$113,490