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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 10,505 $ 8,990
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 12,629 11,126
Amortization of Intangible Assets 5,567 3,888
Amortization of deferred loan costs 1,151 1,071
Net amortization of original issue discount and premium related to long-term debt (153) (216)
Amortization of restricted stock and stock option awards 1,338 1,284
Loss from early extinguishment of debt 2,540
Amortization of program broadcast rights 5,222 4,396
Payments on program broadcast obligations (5,119) (3,977)
Common stock contributed to 401(k) plan 7 6
Deferred income taxes 7,329 5,887
Loss (gain) on disposal of assets, net 527 (1,648)
Other (768) (505)
Changes in operating assets and liabilities:    
Accounts receivable (9,873) 3,245
Prepaid taxes (339)
Prepaid and other current assets (1,911) 895
Accounts payable (1,847) 1,329
Employee compensation, benefits and pension cost (10,840) (8,655)
Other current liabilities (8,738) (10,273)
Accrued interest (7,758) 12,709
Income taxes payable 48 160
Net cash (used in) provided by operating activities (483) 29,712
Investing activities    
Acquisitions of television businesses and licenses (277,907) (427,448)
Proceeds from sale of television station 11,200
Purchases of property and equipment (3,977) (5,931)
Proceeds from asset sales 50 1,850
Other (11,559) 167
Net cash used in investing activities (293,393) (420,162)
Financing activities    
Proceeds from borrowings on long-term debt 556,438 425,000
Repayments of borrowings on long-term debt (557,829) (1,063)
Deferred and other loan costs (4,614) (8,699)
Payments for taxes related to net share settlement of equity awards (1,767) (1,452)
Net cash (used in) provided by financing activities (7,772) 413,786
Net (decrease) increase in cash (301,648) 23,336
Cash at beginning of period 325,189 97,318
Cash at end of period $ 23,541 $ 120,654