XML 14 R5.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 4,270 $ 5,027
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,475 2,533
Deferred income tax expense 415 395
Amortization of deferred costs 18 6
Compensation expense related to restricted stock awards 493 677
Loss on sale of assets, net 80 40
Other (gain) loss, net (119)  
Barter (revenue) expense, net (1) (72)
Deferred and other compensation (242) (64)
Changes in assets and liabilities:    
(Increase) decrease in receivables and prepaid expenses (1,643) (1,343)
Increase (decrease) in accounts payable, accrued expenses, and other liabilities 292 141
Total adjustments 1,768 2,313
Net cash provided by operating activities 6,038 7,340
Cash flows from investing activities:    
Purchase of short-term investments (10,241) (9,999)
Redemption of short-term investments 10,237  
Acquisition of property and equipment (Capital Expenditures) (2,637) (3,563)
Acquisition of broadcast properties   (57)
Proceeds from sale and disposal of assets 616 7
Other investing activities 117  
Net cash used in investing activities (1,908) (13,612)
Cash flows from financing activities:    
Cash dividends paid (16,816) (6,167)
Net cash used in financing activities (16,816) (6,167)
Net increase (decrease) in cash and cash equivalents (12,686) (12,439)
Cash and cash equivalents, beginning of period 36,802 54,760
Cash and cash equivalents, end of period $ 24,116 $ 42,321