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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income (loss) $ (3,572,000) $ (242,224,000) $ (420,212,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 52,238,000 50,231,000 45,331,000
Net amortization of deferred financing costs (net of original issue discount and debt premium) 4,030,000 586,000 157,000
Net deferred taxes (benefit) and other 13,721,000 (76,260,000) 5,407,000
Provision for bad debts 3,173,000 16,349,000 4,549,000
Net (gain) loss on sale or disposal of assets and businesses (8,363,000) (139,000) (7,640,000)
Non-cash stock-based compensation expense 11,185,000 11,134,000 15,882,000
Net loss on extinguishment of debt 8,168,000 0 2,046,000
Deferred compensation 4,369,000 3,578,000 6,118,000
Impairment loss 2,214,000 264,432,000 545,457,000
Change in fair value of contingent consideration 1,117,000 0 0
Accretion expense 0 0 65,000
Changes in assets and liabilities (net of effects of acquisitions and dispositions):      
Accounts receivable (3,604,000) 86,662,000 (30,856,000)
Prepaid expenses and deposits (20,623,000) (22,041,000) (283,000)
Accounts payable and accrued liabilities 14,344,000 (8,800,000) (27,777,000)
Accrued interest expense 4,858,000 (77,000) 3,875,000
Accrued liabilities - long-term (23,957,000) 822,000 (9,931,000)
Prepaid expenses - long-term 0 973,000 0
Net cash provided by (used in) operating activities 59,298,000 85,226,000 132,188,000
INVESTING ACTIVITIES:      
Additions to property, equipment and software (76,607,000) (30,837,000) (77,901,000)
Proceeds from sale of property, equipment, intangibles and other assets 6,321,000 10,817,000 29,321,000
Purchases of businesses and audio assets (54,798,000) (31,639,000) (40,136,000)
Purchases of investments 0 0 (1,800,000)
Net cash provided by (used in) investing activities (125,084,000) (51,659,000) (90,516,000)
FINANCING ACTIVITIES:      
Proceeds from issuance of long-term debt 585,000,000 0 430,000,000
Borrowing under the accounts receivable facility 75,000,000 0 0
Borrowing under the revolving senior debt 107,000,000 231,121,000 194,000,000
Payments of long-term debt (121,635,000) (15,994,000) (521,700,000)
Payments of revolving senior debt (124,000,000) (233,394,000) (257,000,000)
Retirement of notes (400,000,000) 0 0
Payment of call premium and other fees (14,500,000) 0 0
Payment for debt issuance costs (10,491,000) 0 (7,691,000)
Proceeds from issuance of employee stock plan 316,000 240,000 1,329,000
Proceeds from the exercise of stock options 86,000 0 244,000
Purchase of vested employee restricted stock units (2,066,000) (1,527,000) (2,905,000)
Payment of dividends on common stock 0 (2,692,000) (30,273,000)
Payment of dividend equivalents on vested restricted stock units (449,000) (750,000) (1,201,000)
Repurchase of common stock 0 0 (18,340,000)
Net cash provided by (used in) financing activities 94,261,000 (22,996,000) (213,537,000)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 28,475,000 10,571,000 (171,865,000)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 30,964,000 20,393,000 192,258,000
CASH AND CASH EQUIVALENTS, END OF YEAR 59,439,000 30,964,000 20,393,000
Cash paid (received) during the period for:      
Interest 82,476,000 86,263,000 101,155,000
Income taxes $ (300,000) $ 2,724,000 $ 39,100,000