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Restructuring
6 Months Ended
Jun. 30, 2013
Restructuring  
Restructuring

Note 9 — Restructuring

 

During the three and six months ended June 30, 2013, we recorded a restructuring charge of $0.4 million and $2.5 million, respectively, for severance and related costs as a result of the integration of the television stations acquired during 2012.  During the three and six months ended June 30, 2013, we made cash payments of $1.7 million and $2.3 million, respectively, related to these restructuring actions.  We expect to make cash payments of approximately $0.1 million during the remainder of 2013 related to these restructuring activities.

 

Also, during the year ended December 31, 2012, we recorded a restructuring charge of $2.4 million as a result of the consolidation of certain activities at our stations.  During the six months ended June 30, 2013, we made cash payments of $0.8 million related to these restructuring actions.  We do not expect to make significant cash payments during the remainder of the year with respect to such transactions, as the majority of the restructuring activities are complete as of the date of this report.

 

 

 

Severance and
Related

 

Balance as of December 31, 2012

 

$

717

 

Charges

 

2,523

 

Payments

 

(3,107

)

Balance as of June 30, 2013

 

$

133