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ACQUISITIONS, DIVESTITURES AND PRO FORMA SUMMARY (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of merger and acquisition costs
Years Ended
December 31,
201620152014
(amounts in thousands)
Restructuring charges
Costs to exit duplicative contracts$-$646$-
Workforce reduction-1,538-
Lease abandonment costs-687-
Changes in estimates -(13)-
Total restructuring charges-2,858-
Merger and acquisition costs7083,9781,042
Total merger & acquisition costs and restructuring charges$708$6,836$1,042
Schedule of unaudited pro forma summary of financial information
Years Ended December 31,
201620152014
(amounts in thousands, except per share data)
ActualPro FormaPro Forma
Net revenues$460,245$442,485$437,597
Net income (loss) available to the Company$38,065$33,050$22,736
Net income (loss) available to common shareholders$36,164$30,850$21,086
Net income (loss) available to commons shareholders
per common share - basic$0.94$0.81$0.56
Net income (loss) available to commons shareholders
per common share - diluted$0.91$0.79$0.55
Weighted shares outstanding basic38,50038,08437,763
Weighted shares outstanding diluted39,56839,03838,664
Conversion of preferred stock for dilutive purposes
under the as if methodanti-dilutiveanti-dilutiveanti-dilutive
Schedule of the future amortization of unfavoarble leases from acquisition
As Of
December 31,
2016
(amounts in
thousands)
Years ending December 31,
2017$875
2018295
2019167
2020147
202191
Thereafter426
$2,001
ScheduleOfRestructuringReserveByTypeOfCostTextBlock
YearYear
EndedEnded
December 31,December 31,
20162015
(amounts in thousands)
Restructuring charges, beginning balance$1,686$-
Additions to reserves through accruals-2,858
Deductions from reserves through payments(1,036)(1,172)
Restructuring charges unpaid and outstanding6501,686
Less lease abandonment costs over a long-term period(576)(687)
Short-term restructuring charges unpaid and outstanding$74$999
ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Bonneville Exchange
MarketsRadio StationsTransactions
Los Angeles, CAKSWD FMCompany acquired from Bonneville
Denver, COKOSI FMCompany disposed to Bonneville
Denver, COKYGO FM; KEPN AMCompany disposed to Bonneville
Denver, COKKFN FMThe trust disposed to Bonneville
Lincoln Acquisition
MarketsRadio StationsTransactions
Denver, COKKFN FMThe trust acquired from Lincoln
Denver, COKYGO FM; KEPN AMCompany acquired from Lincoln
Denver, COKQKS FM; KRWZ AMCompany acquired from Lincoln
Atlanta, GAWSTR FM; WQXI AMCompany acquired from Lincoln
Miami, FLWAXY AM/FM; WLYF FM; WMXJ FMCompany acquired from Lincoln
San Diego, CAKBZT FM; KSON FM/KSOQ FM; KIFM FMCompany acquired from Lincoln
LFM [Member]  
Acquisition [Line Items]  
Schedule Of Acquisition Valuation [Table Text Block]
December 31,Useful Lives In Years
Description2016FromTo
(amounts in thousands)
Cash$2,246
Net accounts receivable11,933less than 1 year
Prepaid expenses, deposits and other970less than 1 year
Total current assets15,149
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
Other intangibles48715
Broadcasting licenses79,209non-amortizing
Goodwill4,594non-amortizing
Deferred tax assets1,364over remaining lease life
Total intangible and other assets87,539
Total assets$120,863
Accounts payable$723less than 1 year
Accrued expenses3,466less than 1 year
Other current liabilities12less than 1 year
Total current liabilities4,201
Unfavorable contracts and other liabilities3,272over remaining lease life
Total liabilities acquired$7,473
Net assets acquired$113,390
BonnevilleSwap [Member]  
Acquisition [Line Items]  
Schedule Of Acquisition Valuation [Table Text Block]
December 31,Useful Lives In Years
Description2016FromTo
(amounts in
thousands)
Other receivables$4,864
Equipment1,012315
Furniture and fixtures12155
Total tangible property1,133
Advertiser lists and customer relationships133
Trademarks and trade names255
Broadcasting licenses53,057non-amortizing
Goodwill266non-amortizing
Total intangible assets53,326
Total assets59,323
Unfavorable contract and lease liabilities(323)14
Net assets acquired$59,000
Fair value of net assets provided
as consideration$59,000