10-Q Filing

SALEM MEDIA GROUP, INC. /DE/ CIK: 1050606 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-040947`
Period End Date	20170630
Filing Date	20170808
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	salm-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 121 Cash Flow Statement 128

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.24M	USD	Point-in-time
Trade accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.09M	USD	Point-in-time
Allowance for Doubtful Other Receivables, Current	`AllowanceForDoubtfulOtherReceivablesCurrent`	$125.00K	USD	Point-in-time
Allowance for Doubtful Other Receivables, Current	`AllowanceForDoubtfulOtherReceivablesCurrent`	$260.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$2.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$1.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.00K	USD	Point-in-time
Notes receivable, allowance	`AllowanceForNotesAndLoansReceivableNoncurrent`	$564.00K	USD	Point-in-time
Trade accounts receivable (net of allowances of $10,420 in 2016 and $7,091 in 2017)	`AccountsReceivableNetCurrent`	$33.55M	USD	Point-in-time
Notes receivable, allowance	`AllowanceForNotesAndLoansReceivableNoncurrent`	$723.00K	USD	Point-in-time
Trade accounts receivable (net of allowances of $10,420 in 2016 and $7,091 in 2017)	`AccountsReceivableNetCurrent`	$37.26M	USD	Point-in-time
Other receivables (net of allowances of $260 in 2016 and $125 in 2017 )	`OtherReceivablesNetCurrent`	$982.00K	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$160.87M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$156.02M	USD	Point-in-time
Other receivables (net of allowances of $260 in 2016 and $125 in 2017 )	`OtherReceivablesNetCurrent`	$751.00K	USD	Point-in-time
Amortizable intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$44.87M	USD	Point-in-time
Inventories (net of reserves of $2,226 in 2016 and $1,596 in 2017)	`InventoryNet`	$867.00K	USD	Point-in-time
Inventories (net of reserves of $2,226 in 2016 and $1,596 in 2017)	`InventoryNet`	$670.00K	USD	Point-in-time
Amortizable intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$44.49M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.29M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.09M	USD	Point-in-time
Deferred income taxes - current	`DeferredTaxAssetsNetCurrent`	$9.41M	USD	Point-in-time
Deferred income taxes - current	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Land held for sale	`LandAvailableForSale`	$1.00M	USD	Point-in-time
Land held for sale	`LandAvailableForSale`	$1.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$55.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.51M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.32M	shares	Point-in-time
Notes receivable (net of allowance of $564 in 2016 and $723 in 2017)	`NotesAndLoansReceivableNetNoncurrent`	$65.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.32M	shares	Point-in-time
Notes receivable (net of allowance of $564 in 2016 and $723 in 2017)	`NotesAndLoansReceivableNetNoncurrent`	$191.00K	USD	Point-in-time
Property and equipment (net of accumulated depreciation of $156,024 in 2016 and $160,869 in 2017)	`PropertyPlantAndEquipmentNet`	$102.79M	USD	Point-in-time
Property and equipment (net of accumulated depreciation of $156,024 in 2016 and $160,869 in 2017)	`PropertyPlantAndEquipmentNet`	$101.62M	USD	Point-in-time
Broadcast licenses	`IndefiniteLivedLicenseAgreements`	$393.03M	USD	Point-in-time
Broadcast licenses	`IndefiniteLivedLicenseAgreements`	$388.68M	USD	Point-in-time
Broadcast licenses	`IndefiniteLivedLicenseAgreements`	$388.52M	USD	Point-in-time
Goodwill	`Goodwill`	$25.61M	USD	Point-in-time
Goodwill	`Goodwill`	$24.56M	USD	Point-in-time
Goodwill	`Goodwill`	$25.63M	USD	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$332.00K	USD	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$313.00K	USD	Point-in-time
Amortizable intangible assets (net of accumulated amortization of $44,488 in 2016 and $44,872 in 2017)	`FiniteLivedIntangibleAssetsNet`	$12.20M	USD	Point-in-time
Amortizable intangible assets (net of accumulated amortization of $44,488 in 2016 and $44,872 in 2017)	`FiniteLivedIntangibleAssetsNet`	$14.41M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$506.00K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$82.00K	USD	Point-in-time
Deferred income taxes - non-current	`DeferredTaxAssetsNetNoncurrent`	$1.88M	USD	Point-in-time
Deferred income taxes - non-current	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.28M	USD	Point-in-time
Total assets	`Assets`	$577.81M	USD	Point-in-time
Total assets	`Assets`	$590.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.54M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.66M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.32M	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.13M	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$8.20M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.11M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$77.00K	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$9.22M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$9.49M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$59.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$223.00K	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$10.12M	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$590.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.57M	USD	Point-in-time
Long-term debt and capital lease obligations less unamortized debt issuance costs, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$249.21M	USD	Point-in-time
Long-term debt and capital lease obligations less unamortized debt issuance costs, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$261.08M	USD	Point-in-time
Fair value of interest rate swap	`DerivativeAssetFairValueGrossLiability`	$514.00K	USD	Point-in-time
Fair value of interest rate swap	`DerivativeAssetFairValueGrossLiability`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$60.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$54.51M	USD	Point-in-time
Deferred rent expense	`DeferredRentCredit`	$9.68M	USD	Point-in-time
Deferred rent expense	`DeferredRentCredit`	$9.60M	USD	Point-in-time
Deferred revenue less current portion	`DeferredRevenueNoncurrent`	$5.25M	USD	Point-in-time
Deferred revenue less current portion	`DeferredRevenueNoncurrent`	$5.13M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$52.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$376.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$363.14M	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$243.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$245.49M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$3.96M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.91M	USD	Point-in-time
Treasury stock, at cost (2,317,650 shares at December 31, 2016 and June 30, 2017)	`TreasuryStockValue`	$34.01M	USD	Point-in-time
Treasury stock, at cost (2,317,650 shares at December 31, 2016 and June 30, 2017)	`TreasuryStockValue`	$34.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$214.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$213.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$590.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$577.81M	USD	Point-in-time

Income Statement 121 line items

Line Item	Tag	Value	Unit	Period
Net broadcast revenue	`NetBroadcastRevenue`	$49.25M	USD	1 Quarter
Net broadcast revenue	`NetBroadcastRevenue`	$98.72M	USD	2 Qtrs
Net broadcast revenue	`NetBroadcastRevenue`	$49.97M	USD	1 Quarter
Net broadcast revenue	`NetBroadcastRevenue`	$97.06M	USD	2 Qtrs
Net digital media revenue	`NetDigitalRevenue`	$11.05M	USD	1 Quarter
Net digital media revenue	`NetDigitalRevenue`	$10.87M	USD	1 Quarter
Net digital media revenue	`NetDigitalRevenue`	$22.06M	USD	2 Qtrs
Net digital media revenue	`NetDigitalRevenue`	$21.55M	USD	2 Qtrs
Net publishing revenue	`NetPublishingRevenue`	$6.00M	USD	1 Quarter
Net publishing revenue	`NetPublishingRevenue`	$12.48M	USD	2 Qtrs
Net publishing revenue	`NetPublishingRevenue`	$6.76M	USD	1 Quarter
Net publishing revenue	`NetPublishingRevenue`	$11.58M	USD	2 Qtrs
Broadcast operating expenses exclusive of depreciation and amortization	`BroadcastExpensesNet`	$71.77M	USD	2 Qtrs
Broadcast operating expenses exclusive of depreciation and amortization	`BroadcastExpensesNet`	$35.87M	USD	1 Quarter
Total net revenue	`SalesRevenueNet`	$131.09M	USD	2 Qtrs
Total net revenue	`SalesRevenueNet`	$66.11M	USD	1 Quarter
Broadcast operating expenses exclusive of depreciation and amortization	`BroadcastExpensesNet`	$72.02M	USD	2 Qtrs
Broadcast operating expenses exclusive of depreciation and amortization	`BroadcastExpensesNet`	$35.93M	USD	1 Quarter
Total net revenue	`SalesRevenueNet`	$67.78M	USD	1 Quarter
Total net revenue	`SalesRevenueNet`	$132.35M	USD	2 Qtrs
Unallocated corporate expenses exclusive of depreciation and amortization	`GeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Unallocated corporate expenses exclusive of depreciation and amortization	`GeneralAndAdministrativeExpense`	$3.57M	USD	1 Quarter
Unallocated corporate expenses exclusive of depreciation and amortization	`GeneralAndAdministrativeExpense`	$8.95M	USD	2 Qtrs
Unallocated corporate expenses exclusive of depreciation and amortization	`GeneralAndAdministrativeExpense`	$7.78M	USD	2 Qtrs
Broadcast operating expenses, exclusive of depreciation and amortization shown below (including $411 and $429 for the three months ended June 30, 2016 and 2017, respectively, and $819 and $853 for the six months ended June 30, 2016 and 2017, respectively, paid to related parties)	`BroadcastExpensesNet`	$71.77M	USD	2 Qtrs
Broadcast operating expenses, exclusive of depreciation and amortization shown below (including $411 and $429 for the three months ended June 30, 2016 and 2017, respectively, and $819 and $853 for the six months ended June 30, 2016 and 2017, respectively, paid to related parties)	`BroadcastExpensesNet`	$35.87M	USD	1 Quarter
Broadcast operating expenses, exclusive of depreciation and amortization shown below (including $411 and $429 for the three months ended June 30, 2016 and 2017, respectively, and $819 and $853 for the six months ended June 30, 2016 and 2017, respectively, paid to related parties)	`BroadcastExpensesNet`	$72.02M	USD	2 Qtrs
Broadcast operating expenses, exclusive of depreciation and amortization shown below (including $411 and $429 for the three months ended June 30, 2016 and 2017, respectively, and $819 and $853 for the six months ended June 30, 2016 and 2017, respectively, paid to related parties)	`BroadcastExpensesNet`	$35.93M	USD	1 Quarter
Digital media operating expenses, exclusive of depreciation and amortization shown below	`DigitalExpensesNet`	$8.62M	USD	1 Quarter
Digital media operating expenses, exclusive of depreciation and amortization shown below	`DigitalExpensesNet`	$17.64M	USD	2 Qtrs
Digital media operating expenses, exclusive of depreciation and amortization shown below	`DigitalExpensesNet`	$17.07M	USD	2 Qtrs
Digital media operating expenses, exclusive of depreciation and amortization shown below	`DigitalExpensesNet`	$8.37M	USD	1 Quarter
Publishing operating expenses, exclusive of depreciation and amortization shown below	`PublishingExpensesNet`	$6.98M	USD	1 Quarter
Publishing operating expenses, exclusive of depreciation and amortization shown below	`PublishingExpensesNet`	$11.93M	USD	2 Qtrs
Publishing operating expenses, exclusive of depreciation and amortization shown below	`PublishingExpensesNet`	$12.02M	USD	2 Qtrs
Publishing operating expenses, exclusive of depreciation and amortization shown below	`PublishingExpensesNet`	$5.67M	USD	1 Quarter
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $9 and $28 for the three months ended June 30, 2016 and 2017, respectively, and $107 and $120 for the six months ended June 30, 2016 and 2017, respectively, paid to related parties)	`GeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $9 and $28 for the three months ended June 30, 2016 and 2017, respectively, and $107 and $120 for the six months ended June 30, 2016 and 2017, respectively, paid to related parties)	`GeneralAndAdministrativeExpense`	$3.57M	USD	1 Quarter
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $9 and $28 for the three months ended June 30, 2016 and 2017, respectively, and $107 and $120 for the six months ended June 30, 2016 and 2017, respectively, paid to related parties)	`GeneralAndAdministrativeExpense`	$8.95M	USD	2 Qtrs
Unallocated corporate expenses exclusive of depreciation and amortization shown below (including $9 and $28 for the three months ended June 30, 2016 and 2017, respectively, and $107 and $120 for the six months ended June 30, 2016 and 2017, respectively, paid to related parties)	`GeneralAndAdministrativeExpense`	$7.78M	USD	2 Qtrs
Depreciation	`CostOfServicesDepreciation`	$2.98M	USD	1 Quarter
Depreciation	`CostOfServicesDepreciation`	$5.97M	USD	2 Qtrs
Depreciation	`CostOfServicesDepreciation`	$3.11M	USD	1 Quarter
Depreciation	`CostOfServicesDepreciation`	$6.09M	USD	2 Qtrs
Amortization	`CostOfServicesAmortization`	$1.19M	USD	1 Quarter
Amortization	`CostOfServicesAmortization`	$2.29M	USD	2 Qtrs
Amortization	`CostOfServicesAmortization`	$1.14M	USD	1 Quarter
Amortization	`CostOfServicesAmortization`	$2.33M	USD	2 Qtrs
Change in the estimated fair value of contingent earn-out consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-42.00K	USD	2 Qtrs
Change in the estimated fair value of contingent earn-out consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-43.00K	USD	1 Quarter
Change in the estimated fair value of contingent earn-out consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-262.00K	USD	2 Qtrs
Change in the estimated fair value of contingent earn-out consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-134.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$700.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$700.00K	USD	2 Qtrs
Impairment of indefinite-lived long-term assets other than goodwill	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$19.00K	USD	2 Qtrs
Impairment of indefinite-lived long-term assets other than goodwill	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of indefinite-lived long-term assets other than goodwill	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of indefinite-lived long-term assets other than goodwill	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	2 Qtrs
Net gain on the sale or disposal of assets	`GainLossOnDispositionOfAssets`	$505.00K	USD	2 Qtrs
Net gain on the sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.55M	USD	2 Qtrs
Net gain on the sale or disposal of assets	`GainLossOnDispositionOfAssets`	$510.00K	USD	1 Quarter
Net gain on the sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.70M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$58.08M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$57.49M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$116.57M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$117.65M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$13.44M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$15.79M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$9.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$8.62M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.73M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.53M	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.35M	USD	2 Qtrs
Change in the fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$357.00K	USD	2 Qtrs
Change in the fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in the fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$-423.00K	USD	1 Quarter
Change in the fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$-2.18M	USD	2 Qtrs
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$-5.00K	USD	1 Quarter
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$-14.00K	USD	2 Qtrs
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$2.10M	USD	Point-in-time
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.73M	USD	1 Quarter
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.77M	USD	2 Qtrs
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.67M	USD	2 Qtrs
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.07M	USD	2 Qtrs
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.96M	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.36M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.34M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$690.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.71M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.33M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.14	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.14	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Distributions per share	`CommonStockDividendsPerShareCashPaid`	$0.13	USD	1 Quarter
Distributions per share	`CommonStockDividendsPerShareCashPaid`	$0.13	USD	2 Qtrs
Distributions per share	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Distributions per share	`CommonStockDividendsPerShareCashPaid`	$0.13	USD	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	25.98M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	25.52M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	25.55M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	26.06M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.93M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.59M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.44M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.05M	shares	1 Quarter

Cash Flow Statement 128 line items

Line Item	Tag	Value	Unit	Period
Net income	`IncomeLossFromContinuingOperations`	$3.71M	USD	2 Qtrs
Net income	`IncomeLossFromContinuingOperations`	$2.33M	USD	2 Qtrs
Non-cash stock-based compensation	`ShareBasedCompensation`	$44.00K	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$324.00K	USD	2 Qtrs
Non-cash stock-based compensation	`ShareBasedCompensation`	$1.43M	USD	2 Qtrs
Non-cash stock-based compensation	`ShareBasedCompensation`	$125.00K	USD	1 Quarter
Tax benefit related to stock options exercised	`DeferredTaxBenefitToStockOptionsExercised`	$-67.00K	USD	2 Qtrs
Tax benefit related to stock options exercised	`DeferredTaxBenefitToStockOptionsExercised`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.37M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.31M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$18.00K	USD	Point-in-time
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$17.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$357.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$9.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$318.00K	USD	2 Qtrs
Accretion of financing items	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-103.00K	USD	2 Qtrs
Accretion of financing items	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-74.00K	USD	2 Qtrs
Accretion of acquisition-related deferred payments and contingent consideration	`AccretionExpense`	$24.00K	USD	2 Qtrs
Accretion of acquisition-related deferred payments and contingent consideration	`AccretionExpense`	$38.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$268.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$796.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.18M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.27M	USD	2 Qtrs
Change in the fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$357.00K	USD	2 Qtrs
Change in the fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in the fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$-423.00K	USD	1 Quarter
Change in the fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$-2.18M	USD	2 Qtrs
Change in the estimated fair value of contingent earn-out consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-42.00K	USD	2 Qtrs
Change in the estimated fair value of contingent earn-out consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-43.00K	USD	1 Quarter
Change in the estimated fair value of contingent earn-out consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-262.00K	USD	2 Qtrs
Change in the estimated fair value of contingent earn-out consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-134.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$700.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$700.00K	USD	2 Qtrs
Impairment of indefinite-lived long-term assets other than goodwill	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$19.00K	USD	2 Qtrs
Impairment of indefinite-lived long-term assets other than goodwill	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of indefinite-lived long-term assets other than goodwill	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of indefinite-lived long-term assets other than goodwill	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	2 Qtrs
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$-5.00K	USD	1 Quarter
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$-14.00K	USD	2 Qtrs
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$2.10M	USD	Point-in-time
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.73M	USD	1 Quarter
Loss on early retirement of long-term debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.77M	USD	2 Qtrs
Net gain on the sale or disposal of assets	`GainLossOnDispositionOfAssets`	$505.00K	USD	2 Qtrs
Net gain on the sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.55M	USD	2 Qtrs
Net gain on the sale or disposal of assets	`GainLossOnDispositionOfAssets`	$510.00K	USD	1 Quarter
Net gain on the sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.67M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.42M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$197.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$804.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$30.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.23M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.14M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$6.43M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$-49.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-360.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.09M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-15.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$55.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-164.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.72M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.58M	USD	2 Qtrs
Cash paid for capital expenditures net of tenant improvement allowances	`PaymentForCapitalExpendituresNetOfTenantImprovementAllowances`	$4.77M	USD	2 Qtrs
Cash paid for capital expenditures net of tenant improvement allowances	`PaymentForCapitalExpendituresNetOfTenantImprovementAllowances`	$5.05M	USD	2 Qtrs
Capital expenditures reimbursable under tenant improvement allowances and trade agreements	`PaymentForCapitalExpendituresReimbursableUnderTenantImprovementAllowancesAndTradeAgreements`	$52.00K	USD	2 Qtrs
Capital expenditures reimbursable under tenant improvement allowances and trade agreements	`PaymentForCapitalExpendituresReimbursableUnderTenantImprovementAllowancesAndTradeAgreements`	$448.00K	USD	2 Qtrs
Escrow deposits related to acquisitions	`PaymentsForProceedsFromOtherDeposits`	$19.00K	USD	2 Qtrs
Escrow deposits related to acquisitions	`PaymentsForProceedsFromOtherDeposits`	$42.00K	USD	2 Qtrs
Purchases of broadcast assets and radio stations	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$130.00K	USD	2 Qtrs
Purchases of broadcast assets and radio stations	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$718.00K	USD	2 Qtrs
Proceeds from sale of broadcast assets	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$600.00K	USD	2 Qtrs
Proceeds from sale of broadcast assets	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$2.47M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$289.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$547.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.99M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.12M	USD	2 Qtrs
Payments of acquisition-related contingent earn-out consideration	`PaymentsOfContingentEarnOutConsideration`	$14.00K	USD	2 Qtrs
Payments of acquisition-related contingent earn-out consideration	`PaymentsOfContingentEarnOutConsideration`	$88.00K	USD	2 Qtrs
Payments of deferred installments due from acquisition activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.07M	USD	2 Qtrs
Payments of deferred installments due from acquisition activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-225.00K	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$455.00K	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$336.00K	USD	2 Qtrs
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$53.00K	USD	2 Qtrs
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$62.00K	USD	2 Qtrs
Payment of cash distributions on common stock	`PaymentsOfDividendsCommonStock`	$1.70M	USD	Point-in-time
Payment of cash distributions on common stock	`PaymentsOfDividendsCommonStock`	$1.70M	USD	Point-in-time
Payment of cash distributions on common stock	`PaymentsOfDividendsCommonStock`	$3.39M	USD	2 Qtrs
Payment of cash distributions on common stock	`PaymentsOfDividendsCommonStock`	$3.32M	USD	2 Qtrs
Book overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-2.84M	USD	2 Qtrs
Book overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-2.17M	USD	2 Qtrs
Payment of interest rate swap	`PaymentsForDerivativeInstrumentFinancingActivities`	-	USD	2 Qtrs
Payment of interest rate swap	`PaymentsForDerivativeInstrumentFinancingActivities`	$783.00K	USD	2 Qtrs
Proceeds from bond offering	`ProceedsFromIssuanceOfDebt`	$255.00M	USD	2 Qtrs
Proceeds from bond offering	`ProceedsFromIssuanceOfDebt`	-	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$6.37M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.65M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.70M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-111.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$98.00K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$19.00K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$130.00K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$44.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$130.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.00K	USD	Point-in-time
Cash paid for interest, net of capitalized interest	`InterestPaid`	$7.10M	USD	2 Qtrs
Cash paid for interest, net of capitalized interest	`InterestPaid`	$4.85M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$60.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$211.00K	USD	2 Qtrs
Barter revenue	`SupplementalNoncashBarterRevenue`	$2.48M	USD	2 Qtrs
Barter revenue	`SupplementalNoncashBarterRevenue`	$2.56M	USD	2 Qtrs
Barter expense	`SupplementalNoncashBarterExpense`	$2.44M	USD	2 Qtrs
Barter expense	`SupplementalNoncashBarterExpense`	$2.35M	USD	2 Qtrs
Capital expenditures reimbursable under tenant improvement allowances	`CapitalExpendituresReimbursableUnderTenantImprovementAllowances`	$448.00K	USD	2 Qtrs
Capital expenditures reimbursable under tenant improvement allowances	`CapitalExpendituresReimbursableUnderTenantImprovementAllowances`	$52.00K	USD	2 Qtrs
Current value of deferred cash payments (short-term)	`NetPresentValueOfDeferredCashPaymentsShortTerm`	$1.30M	USD	2 Qtrs
Current value of deferred cash payments (short-term)	`NetPresentValueOfDeferredCashPaymentsShortTerm`	-	USD	2 Qtrs
Assets acquired under capital leases	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	-	USD	2 Qtrs
Assets acquired under capital leases	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$16.00K	USD	2 Qtrs
Debt issuance costs accrued	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$465.00K	USD	2 Qtrs
Debt issuance costs accrued	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.