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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES:    
Net income (loss) $ (9,331) $ 4,412
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,647 2,447
Amortization of deferred financing costs 586 778
Net deferred taxes (benefit) and other (11,662) 941
Provision for bad debts 409 357
Net (gain) loss on sale or disposal of assets 13,334 (464)
Non-cash stock-based compensation expense 1,593 1,481
Deferred rent (90) 116
Deferred compensation 990 348
Impairment loss 0 62
Net accretion expense for asset retirement obligations 10 3
Changes in assets and liabilities:    
Accounts receivable 13,268 12,293
Prepaid expenses and deposits (3,132) (2,502)
Accounts payable and accrued liabilities (562) (1,695)
Accrued interest expense (1,802) 5,671
Accrued liabilities - long-term (775) (865)
Prepaid expenses - long-term 177 271
Net cash provided by (used in) operating activities 5,660 23,654
INVESTING ACTIVITIES:    
Additions to property and equipment (2,424) (965)
Proceeds from sale of property, equipment, intangibles and other assets 15 3,800
Purchases of radio station assets (24,000) 0
Deferred charges and other assets (271) (147)
CashAcquiredFromAcquisition (302) 0
Net cash provided by (used in) investing activities (26,982) 2,688
FINANCING ACTIVITIES:    
Proceeds from the financing method of lease obligations 0 102
Payments of long-term debt (37,005) (20,836)
Proceeds from issuance of employee stock plan 181 0
Proceeds from the exercise of stock options 5 3
Purchase of vested employee restricted stock units (2,436) (2,142)
Payment of dividend equivalents on vested restricted stock units (98) (91)
Payment of dividends on common stock (2,916) 0
Payments of dividends on preferred stock (550) (413)
ProceedsFromShortTermDebt 22,000 2,500
Net cash provided by (used in) financing activities (20,819) (20,877)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (42,141) 5,465
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 46,843 9,169
CASH AND CASH EQUIVALENTS, END OF PERIOD 4,702 14,634
Cash paid during the period for:    
Interest 7,225 3,080
Income taxes 55 140
Dividends on common stock 2,916 0
Dividends on preferred stock $ 550 $ 413