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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 $ 13,690 $ 54,717 $ 18,186
Adjustments to reconcile net income to net cash provided by operating activities:      
Income from discontinued operations 0 (32,471) (5,276)
Depreciation and amortization 6,786 6,251 5,876
Deferred income taxes 2,660 (8,210) 2,247
Impairment of intangible assets 0 1,449 0
Amortization of deferred costs 51 53 53
Compensation expense related to restricted stock awards 2,201 2,279 2,101
Loss (gain) on sale of assets 61 55 (1,351)
(Gain) on insurance claim (23) 0 0
Barter revenue, net 107 (251) (254)
Deferred and other compensation 62 (337) 14
Changes in assets and liabilities:      
Increase in receivables and prepaid expenses (157) (434) (885)
Increase in accounts payable, accrued expenses, and other liabilities 121 811 1,117
Total adjustments 11,869 (30,805) 3,642
Net cash provided by continuing operating activities 25,559 23,912 21,828
Net cash provided by (used in) discontinued operating activities 0 (18,538) 7,478
Net cash provided by (used in) operating activities 25,559 5,374 29,306
Cash flows from investing activities:      
Acquisition of property and equipment (5,922) (6,246) (3,967)
Proceeds from sale and disposal of assets 318 419 1,676
Acquisition of broadcast properties (9,289) (25,856) (12,841)
Other investing activities 17 (5) 39
Net cash used in continuing investing activities (14,876) (31,688) (15,093)
Net cash received provided by (used in) discontinued operations investing activities 0 69,193 (835)
Net cash (used in) received from investing activities (14,876) 37,505 (15,928)
Cash flows from financing activities:      
Payments on long-term debt (5,000) (10,287) 0
Cash dividends paid (11,864) (5,313) (7,633)
Payments for debt issuance costs (120) 0 0
Purchase of shares held in treasury (2,000) (946) (746)
Net cash used in financing activities (18,984) (16,546) (8,379)
Net (decrease) increase in cash and cash equivalents (8,301) 26,333 4,999
Cash and cash equivalents, beginning of year 53,030 26,697 21,698
Cash and cash equivalents, end of year $ 44,729 $ 53,030 $ 26,697