10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-14-008331 |
| Period End Date | 20140331 |
| Filing Date | 20140508 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | gtn-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$730.00K | USD | Point-in-time |
| Allowance for doubtful accounts (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$1.18M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$20.99M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$11.07M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$27.04M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$13.48M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $1,176 and $730, respectively |
AccountsReceivableNetCurrent
|
$70.05M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $1,176 and $730, respectively |
AccountsReceivableNetCurrent
|
$69.43M | USD | Point-in-time |
| Current portion of program broadcast rights, net |
ProgramBroadcastRightsNetCurrent
|
$5.29M | USD | Point-in-time |
| Current portion of program broadcast rights, net |
ProgramBroadcastRightsNetCurrent
|
$7.66M | USD | Point-in-time |
| Deferred tax asset |
DeferredTaxAssetsLiabilitiesNetCurrent
|
$34.11M | USD | Point-in-time |
| Deferred tax asset |
DeferredTaxAssetsLiabilitiesNetCurrent
|
$34.11M | USD | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.29M | USD | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$11.27M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$147.14M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$130.59M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$143.62M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$139.59M | USD | Point-in-time |
| Deferred loan costs, net |
DeferredFinanceCostsNoncurrentNet
|
$16.71M | USD | Point-in-time |
| Deferred loan costs, net |
DeferredFinanceCostsNoncurrentNet
|
$17.29M | USD | Point-in-time |
| Broadcast licenses |
IndefiniteLivedLicenseAgreements
|
$838.98M | USD | Point-in-time |
| Broadcast licenses |
IndefiniteLivedLicenseAgreements
|
$838.98M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$184.39M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$184.41M | USD | Point-in-time |
| Investment in broadcasting company |
CostMethodInvestments
|
$13.60M | USD | Point-in-time |
| Investment in broadcasting company |
CostMethodInvestments
|
$13.60M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$3.17M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$3.29M | USD | Point-in-time |
| Total assets (1) |
Assets
|
$1.35B | USD | Point-in-time |
| Total assets (1) |
Assets
|
$1.33B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$3.25M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.26M | USD | Point-in-time |
| Employee compensation and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$11.74M | USD | Point-in-time |
| Employee compensation and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$16.76M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$12.70M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$25.34M | USD | Point-in-time |
| Accrued network programming fees |
ProgramRightsObligationsCurrent
|
$2.47M | USD | Point-in-time |
| Accrued network programming fees |
ProgramRightsObligationsCurrent
|
$3.32M | USD | Point-in-time |
| Other accrued expenses |
AccruedLiabilitiesCurrent
|
$14.90M | USD | Point-in-time |
| Other accrued expenses |
AccruedLiabilitiesCurrent
|
$15.13M | USD | Point-in-time |
| Federal and state income taxes |
AccruedIncomeTaxesCurrent
|
$1.55M | USD | Point-in-time |
| Federal and state income taxes |
AccruedIncomeTaxesCurrent
|
$1.50M | USD | Point-in-time |
| Current portion of program broadcast obligations |
ProgramBroadcastObligationsCurrent
|
$6.45M | USD | Point-in-time |
| Current portion of program broadcast obligations |
ProgramBroadcastObligationsCurrent
|
$9.71M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$2.52M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$3.47M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$203.00K | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$224.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$63.09M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$70.40M | USD | Point-in-time |
| Long-term debt, less current portion |
LongTermDebtNoncurrent
|
$842.36M | USD | Point-in-time |
| Long-term debt, less current portion |
LongTermDebtNoncurrent
|
$842.65M | USD | Point-in-time |
| Program broadcast obligations, less current portion |
ProgramRightsObligationsNoncurrent
|
$1.52M | USD | Point-in-time |
| Program broadcast obligations, less current portion |
ProgramRightsObligationsNoncurrent
|
$1.51M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$226.26M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$225.41M | USD | Point-in-time |
| Accrued pension costs |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$26.93M | USD | Point-in-time |
| Accrued pension costs |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$27.54M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$827.00K | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$803.00K | USD | Point-in-time |
| Total liabilities (1) |
Liabilities
|
$1.16B | USD | Point-in-time |
| Total liabilities (1) |
Liabilities
|
$1.17B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-251.00M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-249.72M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of income tax benefit |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-10.41M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of income tax benefit |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-10.41M | USD | Point-in-time |
| StockholdersEquityBeforeTreasuryStock |
StockholdersEquityBeforeTreasuryStock
|
$236.97M | USD | Point-in-time |
| StockholdersEquityBeforeTreasuryStock |
StockholdersEquityBeforeTreasuryStock
|
$240.32M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$174.01M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$177.07M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.33B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.35B | USD | Point-in-time |
Income Statement
33 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue (less agency commissions) |
SalesRevenueNet
|
$78.17M | USD | 1 Quarter |
| Revenue (less agency commissions) |
SalesRevenueNet
|
$91.30M | USD | 1 Quarter |
| Broadcast |
OperatingCostsAndExpenses
|
$53.49M | USD | 1 Quarter |
| Broadcast |
OperatingCostsAndExpenses
|
$60.38M | USD | 1 Quarter |
| Corporate and administrative |
GeneralAndAdministrativeExpense
|
$6.50M | USD | 1 Quarter |
| Corporate and administrative |
GeneralAndAdministrativeExpense
|
$3.82M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$6.38M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.80M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$19.00K | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$289.00K | USD | 1 Quarter |
| Loss (gain) on disposals of assets, net |
GainLossOnDispositionOfAssets
|
$-331.00K | USD | 1 Quarter |
| Loss (gain) on disposals of assets, net |
GainLossOnDispositionOfAssets
|
$28.00K | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$63.11M | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$73.89M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$15.06M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$17.41M | USD | 1 Quarter |
| Miscellaneous income, net |
OtherNonoperatingIncomeExpense
|
$1.00K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$15.27M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$12.54M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$2.52M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$2.14M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$859.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$1.65M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$870.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.28M | USD | 1 Quarter |
| Net income (in Dollars per share) |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Net income (in Dollars per share) |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Weighted average shares outstanding (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
57.52M | shares | 1 Quarter |
| Weighted average shares outstanding (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
57.85M | shares | 1 Quarter |
| Net income (in Dollars per share) |
EarningsPerShareDiluted
|
$0.02 | USD | 1 Quarter |
| Net income (in Dollars per share) |
EarningsPerShareDiluted
|
$0.02 | USD | 1 Quarter |
| Weighted average shares outstanding (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
58.29M | shares | 1 Quarter |
| Weighted average shares outstanding (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
57.70M | shares | 1 Quarter |
Cash Flow Statement
59 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$870.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.28M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$6.38M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.80M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$19.00K | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$289.00K | USD | 1 Quarter |
| Amortization of deferred loan costs |
AmortizationOfFinancingCosts
|
$411.00K | USD | 1 Quarter |
| Amortization of deferred loan costs |
AmortizationOfFinancingCosts
|
$692.00K | USD | 1 Quarter |
| Amortization of original issue (premium) and discount related to long-term debt |
AmortizationOfDebtDiscountPremium
|
$69.00K | USD | 1 Quarter |
| Amortization of original issue (premium) and discount related to long-term debt |
AmortizationOfDebtDiscountPremium
|
$-216.00K | USD | 1 Quarter |
| Amortization of restricted stock and stock option awards |
ShareBasedCompensation
|
$136.00K | USD | 1 Quarter |
| Amortization of restricted stock and stock option awards |
ShareBasedCompensation
|
$2.07M | USD | 1 Quarter |
| Amortization of program broadcast rights |
AmortizationOfProgramBroadcastRights
|
$2.91M | USD | 1 Quarter |
| Amortization of program broadcast rights |
AmortizationOfProgramBroadcastRights
|
$2.84M | USD | 1 Quarter |
| Payments on program broadcast obligations |
PaymentsOnProgramBroadcastObligations
|
$3.82M | USD | 1 Quarter |
| Payments on program broadcast obligations |
PaymentsOnProgramBroadcastObligations
|
$2.85M | USD | 1 Quarter |
| Common stock contributed to 401(k) plan |
EmployeeBenefitsAndShareBasedCompensation
|
$7.00K | USD | 1 Quarter |
| Common stock contributed to 401(k) plan |
EmployeeBenefitsAndShareBasedCompensation
|
$6.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$1.64M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$849.00K | USD | 1 Quarter |
| Loss (gain) on disposals of assets, net |
GainLossOnDispositionOfAssets
|
$-331.00K | USD | 1 Quarter |
| Loss (gain) on disposals of assets, net |
GainLossOnDispositionOfAssets
|
$28.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-426.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-546.00K | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$-618.00K | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$-3.50M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.14M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$5.85M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-378.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$992.00K | USD | 1 Quarter |
| Other current liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-3.27M | USD | 1 Quarter |
| Other current liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$148.00K | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$12.63M | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$6.09M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$17.55M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$16.44M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$6.46M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.80M | USD | 1 Quarter |
| Purchase of broadcast licenses |
PaymentsToAcquireIntangibleAssets
|
$1.25M | USD | 1 Quarter |
| Proceeds from asset sales |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$981.00K | USD | 1 Quarter |
| Proceeds from asset sales |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$30.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$-161.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.68M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.66M | USD | 1 Quarter |
| Repayments of borrowings on long-term debt |
RepaymentsOfLongTermDebt
|
$108.00K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$47.00K | USD | 1 Quarter |
| Deferred and other loan costs |
PaymentsOfFinancingCosts
|
$105.00K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-213.00K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$47.00K | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$13.57M | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$9.92M | USD | 1 Quarter |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.99M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$11.07M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$27.04M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.48M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.99M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$11.07M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$27.04M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.48M | USD | Point-in-time |
Stockholders Equity
7 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at December 31, 2013 |
StockholdersEquity
|
$174.01M | USD | Point-in-time |
| Balance at December 31, 2013 |
StockholdersEquity
|
$177.07M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$870.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.28M | USD | 1 Quarter |
| Share-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$2.07M | USD | 1 Quarter |
| Balance at March 31, 2014 |
StockholdersEquity
|
$174.01M | USD | Point-in-time |
| Balance at March 31, 2014 |
StockholdersEquity
|
$177.07M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.