XML 23 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 18,186 $ 13,414 $ 14,904
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,263 6,824 6,702
Deferred income taxes 3,160 3,640 3,385
Impairment of intangible assets 0 874 1,936
Broadcast program rights amortization 628 637 637
Amortization of deferred costs 53 131 187
Compensation expense related to restricted stock awards 2,101 1,655 826
(Gain) loss on sale of assets (1,393) 541 (1,281)
Gain on insurance claim 0 (417) 0
Barter revenue, net (286) (113) (208)
Deferred and other compensation 14 (41) (129)
Write-off of debt issuance costs 0 557 0
Income tax expense (benefit) on exercise of options 0 0 10
Changes in assets and liabilities:      
Decrease (increase) in receivables and prepaid expenses (885) 233 (1,521)
Payments for broadcast program rights (625) (635) (627)
Increase in accounts payable, accrued expenses, and other liabilities 1,117 1,235 595
Total adjustments 11,147 15,121 10,512
Net cash provided by operating activities 29,333 28,535 25,416
Cash flows from investing activities:      
Acquisition of property and equipment (4,861) (5,543) (5,524)
Proceeds from sale and disposal of assets 1,735 168 90
Proceeds from insurance claim 0 777 0
Proceeds from sale of networks 0 0 1,640
Acquisition of broadcast properties (12,841) (11,842) (903)
Other investing activities 39 (666) (11)
Net cash used in investing activities (15,928) (17,106) (4,708)
Cash flows from financing activities:      
Payments on long-term debt 0 (35,000) (10,000)
Proceeds from long-term debt 0 35,287 0
Cash dividends paid (7,633) (6,412) (10,419)
Payments for debt issuance costs 0 (266) 0
Other financing activities (746) (1,331) (10)
Net cash used in financing activities (8,379) (7,722) (20,429)
Net increase in cash and cash equivalents 5,026 3,707 279
Cash and cash equivalents, beginning of year 21,614 17,907 17,628
Cash and cash equivalents, end of year $ 26,640 $ 21,614 $ 17,907