XML 29 R23.htm IDEA: XBRL DOCUMENT v3.24.1.u1
The Company and Significant Accounting Policies - Additional Information (Detail)
$ in Thousands
1 Months Ended 3 Months Ended
Mar. 17, 2023
USD ($)
Mar. 16, 2023
Nov. 30, 2017
USD ($)
Jan. 31, 2024
USD ($)
Mar. 31, 2024
USD ($)
Segment
Station
Unit
shares
Mar. 31, 2023
USD ($)
shares
Dec. 31, 2023
USD ($)
Sep. 30, 2023
May 19, 2023
USD ($)
Accounting Policies [Line Items]                  
Number of reportable segments | Segment         3        
Number of business units | Unit         3        
Restricted cash         $ 774 $ 757 $ 770    
Retransmission consent revenue         $ 9,200 $ 9,600      
Shares of dilutive securities not included in computation of diluted earnings per share | shares         1,235,452 1,870,073      
Prepayment of credit facility       $ 10,000          
Financial covenants to net leverage ratio         3.25%        
Interest coverage ratio to minimum permitted ratio         3.00%        
Gain (loss) on debt extinguishment         $ (40) $ (1,556)      
Unamortized debt issuance costs         1,012   1,116    
Interest income related to available-for-sale securities         1,130 860      
Change in fair value of contingent consideration         (1,420) (4,065)      
Accounts Payable and Accrued Expenses                  
Accounting Policies [Line Items]                  
Contingent Liability, Current         8,800        
Other Long-term Liabilities                  
Accounting Policies [Line Items]                  
Contingent Liability, Noncurrent         16,900        
TelevisaUnivision                  
Accounting Policies [Line Items]                  
Payment of sales representation fees to television stations         1,400 1,400      
Retransmission consent revenue         $ 6,400 6,600      
Common stock percentage held by Univision         10.00%        
Related Parties                  
Accounting Policies [Line Items]                  
Amount due from television stations for carriage         $ 1,900        
Cisneros Interactive                  
Accounting Policies [Line Items]                  
Remaining ownership interest acquired         49.00%        
Fair value of contingent consideration recognized             8,000    
Contingent Liability, Current         $ 7,100        
Change in fair value of contingent consideration         $ 900 6,500      
MediaDonuts                  
Accounting Policies [Line Items]                  
Ownership interest acquired         100.00%        
Fair value of contingent consideration recognized         $ 16,600   17,800    
Change in fair value of contingent consideration         1,200 1,700      
Jack of Digital Acquisition                  
Accounting Policies [Line Items]                  
Ownership interest acquired               85.00%  
Fair value of contingent consideration recognized         $ 300   300    
BCNMonetize                  
Accounting Policies [Line Items]                  
Ownership interest acquired         100.00%       100.00%
Fair value of contingent consideration recognized             1,900   $ 1,600
Contingent Liability, Current         $ 1,700   1,200    
Contingent Liability, Noncurrent             $ 700    
Change in fair value of contingent consideration         200        
Available-for-Sale Securities                  
Accounting Policies [Line Items]                  
Interest income related to available-for-sale securities         200 $ 500      
Term Loan A Facility                  
Accounting Policies [Line Items]                  
Principal payment         8,750        
Revolving Credit Facility                  
Accounting Policies [Line Items]                  
Line of Credit         $ 1,250        
2017 Credit Facility                  
Accounting Policies [Line Items]                  
Agreement date     Nov. 30, 2017            
Gain (loss) on debt extinguishment $ (1,600)                
Write-off of unamortized debt issuance costs $ 1,100                
2017 Credit Facility | Eurodollar Rate                  
Accounting Policies [Line Items]                  
Variable interest rate basis spread on debt     2.75%            
2017 Credit Facility | Base Rate Margin                  
Accounting Policies [Line Items]                  
Variable interest rate basis spread on debt     1.75%            
2017 Credit Facility | Term Loan B Facility                  
Accounting Policies [Line Items]                  
Senior Secured debt     $ 300,000            
Interest rate   7.38%              
Maturity date of revolving credit facility     Nov. 30, 2024            
2023 Credit Facility                  
Accounting Policies [Line Items]                  
Agreement date Mar. 17, 2023                
Additional borrowing capacity $ 100,000                
First lien net leverage ratio 2.25%                
Maturity date of revolving credit facility Mar. 17, 2028                
Debt issuance costs $ 1,800                
2023 Credit Facility | Term Loan A Facility                  
Accounting Policies [Line Items]                  
Senior Secured debt 200,000                
Interest rate         8.25%        
Unamortized debt issuance costs         $ 1,000        
Estimated fair value of term loan         $ 186,500        
2023 Credit Facility | Revolving Credit Facility                  
Accounting Policies [Line Items]                  
Senior Secured debt 75,000                
Amount drawn $ 11,500                
Interest rate         8.25%        
Minimum | 2023 Credit Facility | Base Rate Margin                  
Accounting Policies [Line Items]                  
Variable interest rate basis spread on debt 1.50%                
Minimum | 2023 Credit Facility | SOFR                  
Accounting Policies [Line Items]                  
Variable interest rate basis spread on debt 2.50%                
Minimum | 2023 Credit Facility | Revolving Credit Facility                  
Accounting Policies [Line Items]                  
Interest rate 0.30%                
Maximum | 2023 Credit Facility | Base Rate Margin                  
Accounting Policies [Line Items]                  
Variable interest rate basis spread on debt 2.00%                
Maximum | 2023 Credit Facility | SOFR                  
Accounting Policies [Line Items]                  
Variable interest rate basis spread on debt 3.00%                
Maximum | 2023 Credit Facility | Revolving Credit Facility                  
Accounting Policies [Line Items]                  
Interest rate 0.40%                
Television                  
Accounting Policies [Line Items]                  
Number of stations owned | Station         49        
Radio                  
Accounting Policies [Line Items]                  
Number of stations owned | Station         44