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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 12,161 $ 175,698 $ 20,405
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,273 16,411 15,342
Cost of revenue - television (spectrum usage rights)   12,340  
Impairment loss on investment 1,320    
Deferred income taxes 4,612 81,766 12,528
Non-cash interest 1,124 3,237 776
Amortization of syndication contracts 651 452 398
Payments on syndication contracts (643) (445) (388)
Equity in net (income) loss of nonconsolidated affiliate 1,374 310  
Non-cash stock-based compensation 5,787 6,091 5,035
(Gain) loss on sale of property   28  
(Gain) loss on debt extinguishment 550 3,306 161
Changes in assets and liabilities:      
(Increase) decrease in trade receivables, net 5,895 414 1,397
(Increase) decrease in prepaid expenses and other current assets (5,581) (913) 439
Increase (decrease) in accounts payable, accrued expenses and other liabilities (9,727) 2,825 1,203
Net cash provided by operating activities 33,796 301,520 57,296
Cash flows from investing activities:      
Proceeds from sale of property and equipment and intangibles 33 50  
Purchases of property and equipment (17,006) (12,078) (9,053)
Purchases of intangibles (3,153) (32,588)  
Purchase of a businesses, net of cash acquired (3,522) (29,149)  
Purchases of marketable securities (159,403)    
Proceeds from marketable securities 25,000    
Purchases of short term investments: CDs     (30,000)
Proceeds from short term investments: CDs     30,000
Purchases of investments (1,495) (2,450) (500)
Deposits on acquisition   (190)  
Net cash used in investing activities (159,546) (76,405) (9,553)
Cash flows from financing activities:      
Proceeds from stock option exercises 249 708 780
Tax payments related to shares withheld for share-based compensation plans (2,268) (798)  
Payments on long-term debt (53,000) (293,563) (23,750)
Dividends paid (17,782) (14,670) (11,177)
Repurchase of Class A common stock (13,812) (5,330)  
Payment of contingent consideration (2,015) (3,819)  
Termination of swap agreements   (2,441)  
Proceeds from borrowings on long-term debt   298,500  
Payments of capitalized debt offering and issuance costs   (3,382)  
Net cash used in financing activities (88,628) (24,795) (34,147)
Effect of exchange rates on cash, cash equivalents and restricted cash (11) 14  
Net increase (decrease) in cash, cash equivalents and restricted cash (214,389) 200,334 13,596
Cash, cash equivalents and restricted cash:      
Beginning 261,854 61,520 47,924
Ending 47,465 261,854 61,520
Cash payments for:      
Interest 14,619 13,472 14,693
Income taxes 3,265 846 593
Supplemental disclosures of non-cash investing and financing activities:      
Capital expenditures financed through accounts payable, accrued expenses and other liabilities 660 1,678 $ 1,068
Contingent consideration included in accounts payable, accrued expenses and other liabilities $ 8,119 $ 12,107