| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
13,383 | 6,481 | 87,131 | - | - | - | - | - | - | - |
Net income | |||||||||
- | - | - | 47,488 | 6,362 | 39,999 | 11,546 | 11,031 | 10,100 | 7,985 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Stock-based compensation | |||||||||
2,118 | 1,945 | 1,745 | 809 | 1,112 | 1,317 | 693 | 434 | 619 | 738 |
Provision for bad debts | |||||||||
692 | 2,842 | 1,471 | 2,061 | 695 | 589 | 801 | 1,219 | 1,164 | 1,549 |
Depreciation and amortization | |||||||||
7,349 | 6,601 | 6,133 | 6,232 | 3,834 | - | - | - | - | - |
Change in fair value of contingent consideration | |||||||||
- | -4,415 | 10,053 | 1,266 | - | - | - | - | - | - |
Gain on dispositions | |||||||||
20,657 | - | 3,707 | - | - | - | - | - | - | - |
Impairment losses | |||||||||
13,657 | - | - | - | - | - | - | - | - | - |
Gain on exchange | |||||||||
- | - | 11,803 | - | - | - | - | - | - | - |
Termination of pension plan | |||||||||
- | - | -1,812 | - | - | - | - | - | - | - |
Gain on exchange of radio stations | |||||||||
- | - | - | - | - | 54,306 | - | - | - | - |
Impairment loss | |||||||||
- | - | - | - | 3,520 | - | - | - | - | - |
Gain on merger | |||||||||
- | - | - | 44,281 | - | - | - | - | - | - |
BMI music license fee settlement | |||||||||
- | - | - | - | - | - | - | -770 | - | - |
Depreciation and amortization | |||||||||
- | - | - | - | - | 2,525 | 2,220 | 2,097 | 2,391 | 2,652 |
Amortization of loan fees | |||||||||
1,935 | 1,899 | 2,150 | 670 | 339 | 369 | 463 | 362 | 395 | 319 |
Loss on notes receivable from related party | |||||||||
- | - | - | - | - | -332 | - | - | - | - |
Loss on modification of long-term debt | |||||||||
- | -281 | -3,954 | -769 | -558 | -30 | -1,260 | -2,563 | - | - |
Deferred income taxes | |||||||||
-1,753 | 7,749 | -46,051 | 5,963 | 2,014 | 24,344 | 3,663 | 3,870 | 5,127 | 6,140 |
Equity in earnings of unconsolidated affiliates | |||||||||
141 | - | - | - | - | - | - | - | - | - |
Change in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
2,852 | 12,590 | -4,045 | 510 | 2,905 | 1,031 | -178 | 1,635 | 698 | 1,753 |
Prepaid expenses | |||||||||
382 | -2,867 | 1,092 | 1,302 | 1,259 | -801 | 496 | -1,118 | -149 | -89 |
Other assets | |||||||||
239 | -2,092 | 1,289 | 458 | -1,327 | 629 | -106 | -111 | -563 | 132 |
Accounts payable | |||||||||
712 | 1,763 | 1,760 | 3,831 | 706 | -554 | 518 | 249 | 218 | -1,747 |
Other liabilities | |||||||||
6,813 | -882 | -4,608 | -2,767 | -2,433 | 3,308 | -788 | 568 | 1,047 | 711 |
Other operating activities | |||||||||
-354 | 79 | -48 | 89 | -496 | 182 | 255 | 816 | 409 | 141 |
Net cash provided by operating activities | |||||||||
20,991 | 24,394 | 28,021 | - | 14,371 | 16,913 | 19,913 | 20,404 | 20,668 | 16,412 |
Net cash provided by operating activities | |||||||||
- | - | - | 17,151 | - | - | - | - | - | - |
Cash flows from investing activities: | |||||||||
Change in restricted cash | |||||||||
- | - | - | -743 | 743 | - | - | - | - | - |
Payments for acquisitions | |||||||||
- | - | - | 86,760 | - | - | - | - | - | - |
Payments for acquisitions | |||||||||
17,264 | 39,520 | 12,000 | - | - | - | 4,000 | 2,000 | - | - |
Capital expenditures | |||||||||
9,030 | 4,209 | 4,192 | 2,940 | 2,129 | 3,047 | 2,785 | 1,709 | 1,444 | 1,158 |
Proceeds from dispositions | |||||||||
26,349 | - | 35,000 | - | 1,737 | - | - | - | - | - |
Payments for translator licenses | |||||||||
- | 202 | 1,134 | 495 | 391 | 155 | 116 | 195 | - | - |
Payments for investments | |||||||||
5,009 | 1,680 | - | - | - | - | - | - | - | - |
Payments for investments | |||||||||
- | - | - | 166 | 166 | 104 | 104 | 166 | 1,150 | - |
Loan to related party | |||||||||
- | - | 150 | - | - | - | - | - | - | - |
Repayment of notes receivable from related parties | |||||||||
- | - | - | - | 1,748 | 375 | 350 | 283 | 267 | 251 |
Net cash used in investing activities | |||||||||
-4,955 | -45,612 | 17,523 | - | 55 | -2,931 | -6,655 | -3,787 | -2,327 | -906 |
Net cash provided by (used in) investing activities | |||||||||
- | - | - | -89,619 | - | - | - | - | - | - |
Cash flows from financing activities: | |||||||||
Issuance of debt | |||||||||
11,000 | 35,000 | 9,000 | 187,300 | 806 | - | - | - | - | - |
Payments on debt | |||||||||
16,000 | 8,064 | 52,061 | - | - | - | - | - | - | - |
Payments on debt | |||||||||
- | - | - | -90,536 | -9,500 | -9,181 | -9,875 | -9,983 | -15,256 | -9,836 |
Payments of debt issuance costs | |||||||||
- | 553 | 2,641 | 13,949 | - | - | - | - | - | - |
Reduction of finance lease liabilities | |||||||||
67 | - | - | - | - | - | - | - | - | - |
Repayment of note payable to related party | |||||||||
- | - | - | - | - | - | - | 2,500 | - | - |
Payments of debt issuance costs | |||||||||
- | - | - | - | 1,147 | 447 | 617 | 3,963 | - | 610 |
Tax shortfall from vesting of restricted stock | |||||||||
- | - | - | - | -151 | 88 | - | - | - | - |
Tax benefit (shortfall) from vesting of restricted stock | |||||||||
- | - | - | - | - | - | 62 | -80 | 80 | - |
Dividends paid | |||||||||
5,539 | 5,388 | 5,137 | 4,140 | 4,121 | 4,104 | 0 | 1,927 | 0 | - |
Purchase of treasury stock | |||||||||
214 | 265 | 1,107 | 198 | 254 | 377 | 190 | 111 | 214 | 291 |
Net cash provided by (used in) financing activities | |||||||||
-10,821 | 20,729 | -51,947 | - | -14,368 | -14,022 | -10,620 | -18,566 | -15,390 | -10,738 |
Net increase (decrease) in cash and cash equivalents | |||||||||
5,214 | -488 | -6,403 | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||
- | - | - | 78,475 | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
- | - | - | 6,006 | 59 | -39 | 2,638 | -1,949 | 2,950 | 4,766 |
Cash paid for interest | |||||||||
16,377 | 13,985 | 15,890 | 5,849 | 3,601 | 4,005 | 6,618 | 6,200 | 6,988 | 9,699 |
Cash paid for income taxes | |||||||||
4,253 | 928 | 2,021 | 2,651 | 5,166 | 2,709 | 3,827 | 3,319 | 1,150 | -629 |
Supplement disclosure of non-cash investing and financing activities: | |||||||||
Property and equipment acquired through placement of advertising airtime | |||||||||
- | - | - | - | 154 | 59 | 160 | 137 | 132 | 157 |
Property and equipment acquired through capital leases | |||||||||
- | - | - | - | 750 | - | - | - | - | - |
Property and equipment acquired through a logo agreement | |||||||||
- | - | - | - | - | 179 | - | - | - | - |
Note payable to related party to partially finance an acquisition of a radio station | |||||||||
- | - | - | - | - | - | - | 2,500 | - | - |
Translator license and equipment received as consideration | |||||||||
- | - | 332 | - | - | - | - | - | - | - |
Media advertising exchanged for investment | |||||||||
1,000 | - | - | - | - | - | - | - | - | - |
Note issued to seller for acquisition | |||||||||
16,500 | - | - | - | - | - | - | - | - | - |
Liability assumed from seller for acquisition | |||||||||
10,000 | - | - | - | - | - | - | - | - | - |
Common stock issued for acquisition | |||||||||
- | - | - | 26,030 | - | - | - | - | - | - |
Postretirement Benefits Plan [Member] | |||||||||
Termination of pension plan | |||||||||
- | -992 | -1,812 | - | - | - | - | - | - | - |
Class A Common Stock [Member] | |||||||||
Class A common stock issued for acquisition | |||||||||
198 | 29 | - | - | - | - | - | - | - | - |
Class A common stock issued for investment | |||||||||
974 | - | - | - | - | - | - | - | - | - |