Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Cash flows from operating activities: | |||
Net income (loss) | $ 27,122us-gaap_NetIncomeLoss | $ 133,825us-gaap_NetIncomeLoss | $ 13,601us-gaap_NetIncomeLoss |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
Depreciation and amortization | 14,663us-gaap_DepreciationAndAmortization | 14,953us-gaap_DepreciationAndAmortization | 16,426us-gaap_DepreciationAndAmortization |
Impairment charge | 735us-gaap_AssetImpairmentCharges | ||
Deferred income taxes | 17,585us-gaap_DeferredIncomeTaxExpenseBenefit | (134,975)us-gaap_DeferredIncomeTaxExpenseBenefit | 6,477us-gaap_DeferredIncomeTaxExpenseBenefit |
Amortization of debt issuance costs | 820us-gaap_AmortizationOfFinancingCosts | 1,647us-gaap_AmortizationOfFinancingCosts | 2,284us-gaap_AmortizationOfFinancingCosts |
Amortization of syndication contracts | 440evc_AmortizationOfSyndicationContracts | 587evc_AmortizationOfSyndicationContracts | 707evc_AmortizationOfSyndicationContracts |
Payments on syndication contracts | (578)evc_PaymentsOnSyndicationContracts | (1,258)evc_PaymentsOnSyndicationContracts | (1,698)evc_PaymentsOnSyndicationContracts |
Non-cash stock-based compensation | 4,351us-gaap_ShareBasedCompensation | 4,771us-gaap_ShareBasedCompensation | 2,651us-gaap_ShareBasedCompensation |
(Gain) loss on debt extinguishment | 246us-gaap_GainsLossesOnExtinguishmentOfDebt | 29,675us-gaap_GainsLossesOnExtinguishmentOfDebt | 3,743us-gaap_GainsLossesOnExtinguishmentOfDebt |
Changes in assets and liabilities: | |||
(Increase) decrease in accounts receivable | (6,128)us-gaap_IncreaseDecreaseInAccountsReceivable | (8,706)us-gaap_IncreaseDecreaseInAccountsReceivable | (3,740)us-gaap_IncreaseDecreaseInAccountsReceivable |
(Increase) decrease in prepaid expenses and other assets | (1,183)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (509)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 321us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Increase (decrease) in accounts payable, accrued expenses and other liabilities | (3,661)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (7,255)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (740)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Net cash provided by (used in) operating activities | 54,412us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 32,755us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 40,032us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities: | |||
Purchases of property and equipment and intangibles | (8,609)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (10,174)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (9,856)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Purchase of a business, net of cash acquired | (15,048)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | ||
Net cash provided by (used in) investing activities | (23,657)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (10,174)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (9,856)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities: | |||
Proceeds from stock option exercises | 1,841us-gaap_ProceedsFromStockOptionsExercised | 2,806us-gaap_ProceedsFromStockOptionsExercised | 23us-gaap_ProceedsFromStockOptionsExercised |
Payments on long-term debt | (23,750)us-gaap_RepaymentsOfLongTermDebt | (375,984)us-gaap_RepaymentsOfLongTermDebt | (61,800)us-gaap_RepaymentsOfLongTermDebt |
Dividends paid | (8,865)us-gaap_PaymentsOfDividends | (11,014)us-gaap_PaymentsOfDividends | (10,313)us-gaap_PaymentsOfDividends |
Repurchase of Class A common stock | (12,543)us-gaap_PaymentsForRepurchaseOfCommonStock | ||
Proceeds from borrowings on long-term debt | 375,000us-gaap_ProceedsFromIssuanceOfLongTermDebt | 20,000us-gaap_ProceedsFromIssuanceOfLongTermDebt | |
Payments of capitalized debt offering and issuance costs | (5,697)us-gaap_PaymentsOfDebtIssuanceCosts | (675)us-gaap_PaymentsOfDebtIssuanceCosts | |
Net cash provided by (used in) financing activities | (43,317)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (14,889)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (52,765)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Net increase (decrease) in cash and cash equivalents | (12,562)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 7,692us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (22,589)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents: | |||
Beginning | 43,822us-gaap_CashAndCashEquivalentsAtCarryingValue | 36,130us-gaap_CashAndCashEquivalentsAtCarryingValue | 58,719us-gaap_CashAndCashEquivalentsAtCarryingValue |
Ending | 31,260us-gaap_CashAndCashEquivalentsAtCarryingValue | 43,822us-gaap_CashAndCashEquivalentsAtCarryingValue | 36,130us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash payments for: | |||
Interest | 15,265us-gaap_InterestPaidNet | 32,586us-gaap_InterestPaidNet | 35,422us-gaap_InterestPaidNet |
Income taxes | $ 859us-gaap_IncomeTaxesPaidNet | $ 838us-gaap_IncomeTaxesPaidNet | $ (365)us-gaap_IncomeTaxesPaidNet |
X | ||||||||||
- Definition
Amortization of syndication contracts. No definition available.
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- Definition
Payments on syndication contracts. No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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