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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
[1]
Current assets:    
Cash and cash equivalents $ 27,254 $ 36,802
Short-term investments 10,210 10,123
Accounts receivable, net 14,282 17,440
Prepaid expenses and other current assets 2,880 2,479
Barter transactions 1,165 1,015
Total current assets 55,791 67,859
Property and equipment 147,151 146,054
Less accumulated depreciation 93,838 92,856
Net property and equipment 53,313 53,198
Other assets:    
Broadcast licenses, net 90,240 90,307
Goodwill 19,236 19,236
Other intangibles, right of use assets, deferred costs and investments, net 9,959 10,153
Total assets 228,539 240,753
Current liabilities:    
Accounts payable 2,888 2,654
Accrued payroll and payroll taxes 5,014 5,623
Dividend payable 1,531 13,754
Other accrued expenses 6,934 6,359
Barter transactions 1,090 987
Total current liabilities 17,457 29,377
Deferred income taxes 25,807 25,737
Other liabilities 6,856 7,110
Total liabilities 50,120 62,224
Commitments and contingencies
Shareholders' equity:    
Common Stock 78 78
Additional paid-in capital 71,724 71,664
Retained earnings 143,285 143,896
Treasury stock (36,668) (37,109)
Total shareholders' equity 178,419 178,529
Total liabilities and shareholders' equity $ 228,539 $ 240,753
[1] The balance sheet at December 31, 2022 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.