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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 23,835 $ 19,443
Receivables:    
Trade 32,952 34,415
Barter 270 231
Total Receivables 33,222 34,646
Less allowance for doubtful accounts 745 1,431
Net receivables 32,477 33,215
Prepaid expenses and other current assets 6,597 5,318
Total current assets 62,909 57,976
Property and equipment, net 26,406 30,460
FCC broadcasting licenses 323,961 319,356
Goodwill 32,806 32,806
Other intangible assets, net of accumulated amortization of $1,116 in 2016 and $1,020 in 2015 1,432 1,528
Deferred tax assets 1,615 1,758
Other assets 384 531
Total assets 450,890 447,209
Current liabilities:    
Accounts payable and accrued expenses 12,733 16,552
Accrued interest 7,290 7,194
Unearned revenue 1,325 796
Other liabilities 4 30
12.5% senior secured notes due 2017, net of unamortized discount of $629 in 2016 and net of deferred financing costs of $1,138 in 2016 273,233  
Current portion of other long-term debt 4,616 306
10 3/4% Series B cumulative exchangeable redeemable preferred stock outstanding and dividends outstanding, $0.01 par value, liquidation value $1,000 per share. Authorized 280,000 shares: 90,549 shares issued and outstanding at December 31, 2016 and 2015 and $65,299 and $55,565 of dividends payable as of December 31, 2016 and 2015, respectively. 155,848 146,114
Total current liabilities 455,049 170,992
Other liabilities, less current portion 2,955 3,007
Derivative instruments 17 220
12.5% senior secured notes due 2017, net of unamortized discount of $2,609 in 2015 and net of deferred financing cost of $4,535 in 2015   267,856
Other long-term debt, less current portion   4,616
Deferred tax liabilities 106,986 99,066
Total liabilities 565,007 545,757
Commitments and contingencies (note 14 and 16)
Stockholders’ deficit:    
Additional paid-in capital 525,999 525,344
Accumulated other comprehensive loss, net (102) (220)
Accumulated deficit (640,018) (623,676)
Total stockholders’ deficit (114,117) (98,548)
Total liabilities and stockholders’ deficit 450,890 447,209
Assets held for sale    
Receivables:    
Assets held for sale/exchange 1,377  
Assets held for exchange    
Receivables:    
Assets held for sale/exchange   2,794
Series C convertible preferred stock    
Stockholders’ deficit:    
Series C convertible preferred stock, $0.01 par value and liquidation value. Authorized 600,000 shares; 380,000 shares issued and outstanding at December 31, 2016 and 2015, respectively $ 4 $ 4