XML 51 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 44,034 $ 44,729
Accounts receivable, less allowance of $671 ($759 in 2018) 18,962 19,984
Prepaid expenses and other current assets 2,478 2,556
Barter transactions 1,246 1,326
Total current assets 66,720 68,595
Net property and equipment 58,711 59,103
Other assets:    
Broadcast licenses, net 95,311 95,250
Goodwill 18,963 18,839
Other intangibles, right of use assets, deferred costs and investments, net of accumulated amortization of $14,711 ($13,682 in 2018) 12,689 6,690
Total assets 252,394 248,477
Current liabilities:    
Accounts payable 2,117 2,613
Accrued expenses:    
Payroll and payroll taxes 7,439 7,899
Dividend payable 1,797 3,274
Other 4,996 3,072
Barter transactions 1,152 1,307
Current portion of long-term debt 0 5,000
Total current liabilities 17,501 23,165
Deferred income taxes 25,152 23,732
Long-term debt 10,000 15,000
Other liabilities 7,389 1,581
Total liabilities 60,042 63,478
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 1,500 shares authorized, none issued and outstanding 0 0
Additional paid-in capital 66,811 64,795
Retained earnings 162,822 156,689
Treasury stock (1,735 shares in 2019 and 1,703 in 2018, at cost) (37,358) (36,561)
Total stockholders' equity 192,352 184,999
Total liabilities and stockholders' equity 252,394 248,477
Class A Common Stock    
Stockholders' equity:    
Common stock 68 67
Total stockholders' equity 68 67
Class B Common Stock    
Stockholders' equity:    
Common stock 9 9
Total stockholders' equity $ 9 $ 9