2020 Q4 Form 10-K Financial Statement

#000156459021018394 Filed on April 12, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $171.7M $70.84M $68.82M
YoY Change 142.36% -13.69% -7.72%
Cost Of Revenue $117.2M $40.30M $40.70M
YoY Change 190.82% -2.18% 207.4%
Gross Profit $54.40M $30.50M $28.10M
YoY Change 78.36% -25.25% -54.19%
Gross Profit Margin 31.69% 43.06% 40.83%
Selling, General & Admin $23.30M $22.00M $12.46M
YoY Change 5.91% 5.26% 0.48%
% of Gross Profit 42.83% 72.13% 44.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.000M $4.200M $4.200M
YoY Change 19.05% 0.0% 2.44%
% of Gross Profit 9.19% 13.77% 14.95%
Operating Expenses $27.00M $25.50M $12.46M
YoY Change 5.88% 6.69% -81.83%
Operating Profit $27.40M $5.000M -$3.795M
YoY Change 448.0% -70.41% -159.84%
Interest Expense $200.0K $2.100M $3.537M
YoY Change -90.48% -231.25% -11.46%
% of Operating Profit 0.73% 42.0%
Other Income/Expense, Net
YoY Change
Pretax Income $27.60M $6.300M -$6.266M
YoY Change 338.1% -50.78% -267.67%
Income Tax $4.700M -$1.100M $5.920M
% Of Pretax Income 17.03% -17.46%
Net Earnings $20.30M $7.360M -$12.22M
YoY Change 175.82% 6.47% -651.56%
Net Earnings / Revenue 11.82% 10.39% -17.75%
Basic Earnings Per Share $0.09 -$0.14
Diluted Earnings Per Share $240.8K $0.09 -$0.14
COMMON SHARES
Basic Shares Outstanding 84.77M
Diluted Shares Outstanding 84.77M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $147.2M $124.8M $156.2M
YoY Change 17.95% -30.36% -33.3%
Cash & Equivalents $119.2M $33.12M $48.71M
Short-Term Investments $28.00M $91.70M $107.5M
Other Short-Term Assets $20.90M $13.30M $15.30M
YoY Change 57.14% 5.56% 1.32%
Inventory
Prepaid Expenses
Receivables $142.0M $71.41M $68.81M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $310.1M $209.4M $240.3M
YoY Change 48.05% -22.73% -26.62%
LONG-TERM ASSETS
Property, Plant & Equipment $72.00M $79.60M $79.39M
YoY Change -9.55% 22.58% 25.62%
Goodwill $58.04M $46.51M $46.51M
YoY Change 24.79% -37.39%
Intangibles $266.1M $269.3M
YoY Change -1.21% -2.84%
Long-Term Investments
YoY Change
Other Assets $7.643M $7.462M $7.459M
YoY Change 2.43% 154.33% 46.25%
Total Long-Term Assets $437.3M $446.8M $447.5M
YoY Change -2.12% 6.54% 6.28%
TOTAL ASSETS
Total Short-Term Assets $310.1M $209.4M $240.3M
Total Long-Term Assets $437.3M $446.8M $447.5M
Total Assets $747.3M $656.2M $687.8M
YoY Change 13.89% -4.95% -8.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.70M $11.50M $46.80M
YoY Change 332.17% -21.77% -11.36%
Accrued Expenses $7.300M $9.100M $8.800M
YoY Change -19.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $3.000M $3.000M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $137.1M $65.99M $58.61M
YoY Change 107.83% 22.12% -2.48%
LONG-TERM LIABILITIES
Long-Term Debt $210.5M $213.0M $238.4M
YoY Change -1.17% -11.45% -17.96%
Other Long-Term Liabilities $3.732M $3.371M $7.531M
YoY Change 10.71% -79.47% -60.78%
Total Long-Term Liabilities $214.2M $216.4M $245.9M
YoY Change -0.99% -15.8% -20.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $137.1M $65.99M $58.61M
Total Long-Term Liabilities $214.2M $216.4M $245.9M
Total Liabilities $438.1M $368.0M $401.9M
YoY Change 19.03% 2.89% -2.74%
SHAREHOLDERS EQUITY
Retained Earnings -$551.8M -$547.9M -$555.2M
YoY Change 0.71% 3.73%
Common Stock $828.8M $836.2M $841.6M
YoY Change -0.88% -3.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $276.0M $288.2M $286.0M
YoY Change
Total Liabilities & Shareholders Equity $747.3M $656.2M $687.8M
YoY Change 13.89% -4.95% -8.12%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $20.30M $7.360M -$12.22M
YoY Change 175.82% 6.47% -651.56%
Depreciation, Depletion And Amortization $5.000M $4.200M $4.200M
YoY Change 19.05% 0.0% 2.44%
Cash From Operating Activities $37.70M $8.000M $3.800M
YoY Change 371.25% -29.2% -32.14%
INVESTING ACTIVITIES
Capital Expenditures -$1.300M -$6.400M -$7.200M
YoY Change -79.69% 33.33% 10.77%
Acquisitions
YoY Change
Other Investing Activities $3.700M $15.90M $5.800M
YoY Change -76.73% -3280.0% -744.44%
Cash From Investing Activities $2.400M $9.500M -$1.300M
YoY Change -74.74% -282.69% -82.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.300M -33.00M -6.400M
YoY Change -86.97% -45.99% 23.08%
NET CHANGE
Cash From Operating Activities 37.70M 8.000M 3.800M
Cash From Investing Activities 2.400M 9.500M -1.300M
Cash From Financing Activities -4.300M -33.00M -6.400M
Net Change In Cash 35.80M -15.50M -3.900M
YoY Change -330.97% -71.82% -45.07%
FREE CASH FLOW
Cash From Operating Activities $37.70M $8.000M $3.800M
Capital Expenditures -$1.300M -$6.400M -$7.200M
Free Cash Flow $39.00M $14.40M $11.00M
YoY Change 170.83% -10.56% -9.09%

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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25283000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17006000
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
158000
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2300000
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3153000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21261000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3522000
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1400000
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
159403000
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
43647000
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
25000000
CY2019 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
300000
CY2018 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
1495000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
38090000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14364000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-159546000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
249000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1426000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1688000
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000000
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
17782000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12565000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13812000
CY2018 evc Payment Of Contingent Consideration
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2015000
CY2019 us-gaap Payments Of Financing Costs
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225000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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-15482000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-59440000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-88628000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-3000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-71000
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
86054000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13608000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33857000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47465000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
12802000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
14619000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7731000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2847000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3265000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1155000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
730000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
660000
CY2019 evc Business Combination Contingent Consideration Liability Assumed
BusinessCombinationContingentConsiderationLiabilityAssumed
1641000
CY2018 evc Business Combination Contingent Consideration Liability Assumed
BusinessCombinationContingentConsiderationLiabilityAssumed
8119000
CY2020 us-gaap Nature Of Operations
NatureOfOperations
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. NATURE OF BUSINESS </p> <p style="margin-bottom:0pt;margin-top:6pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Nature of Business </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Entravision Communications Corporation (together with its subsidiaries, hereinafter referred to collectively as the “Company”) is a <span style="Background-color:#FFFFFF;color:#000000;">diversified global media, marketing and technology company that, through its television and radio segments, reaches and engages U.S. Hispanics across acculturation levels and media channels. Additionally, the Company’s digital segment, whose operations are located primarily in Spain and Latin America, reaches a global market.</span> Entravision’s operations <span style="Background-color:#FFFFFF;color:#000000;">encompass integrated marketing and media solutions, comprised of television, radio and digital properties and data analytics services</span>. The Company’s management has determined that the Company operates in three reportable segments as of December 31, 2020, based upon the type of advertising medium, which segments are television, radio, and digital. As of December 31, 2020, the Company owns and/or operates 54 primary television stations located primarily in California, Colorado, Connecticut, Florida, Kansas, Massachusetts, Nevada, New Mexico, Texas and Washington, D.C. The Company’s television operations comprise the largest affiliate group of both the top-ranked primary television network of Univision Communications Inc. (“Univision”) and Univision’s UniMás network. The television segment includes revenue generated from advertising, retransmission consent agreements and the monetization of the Company’s spectrum assets. Radio operations consist of 48 operational radio stations, 38 FM and 10 AM, in 16 markets located in Arizona, California, Colorado, Florida, Nevada, New Mexico and Texas. Entravision also operates Entravision Solutions as its national sales representation division, through which it sells advertisements and syndicate radio programming to more than 100 markets across the United States. The Company operates a proprietary technology and data platforms that delivers digital advertising in various advertising formats that allow advertisers to reach audiences across a wide range of Internet-connected devices on its owned and operated digital media sites, the digital media sites of its publisher partners, and on other digital media sites it can access through third-party platforms and exchanges.</p> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">The Impact of the COVID-19 Pandemic on the Company’s Business</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On <span style="color:#000000;">March 11, 2020, the World Health Organization (the “WHO”) declared COVID-19 a pandemic. On March 13, 2020, a Presidential proclamation was issued declaring a national emergency in the United States as a result of COVID-19. </span></p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The COVID-19 pandemic has affected the Company’s business and, subject to the extent and duration of the pandemic and the continuing economic crisis that has resulted from the pandemic, is anticipated to continue to affect the Company’s business, from both an operational and financial perspective, in future periods. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In <span style="color:#000000;">the quarter ended December 31, 2020, the global, U.S. and local economies declined at a slower rate than during earlier periods in 2020.  With the exception of political advertising during the height of the election cycle, the Company continued to experience significant cancellations of advertising and a significant decrease in new advertising placements in its television segment and especially its radio segment, continuing a trend that the Company had begun to experience since the last half of March 2020, although the Company experienced this decrease at a slower rate as the year progressed. The impact on the Company’s radio segment continues to be significantly greater than that on its television segment because radio audiences declined at a much greater rate, and maintained, as a result of fewer people commuting to work or driving in general as a result of a combination of lockdown, shelter-in-place, stay-at-home or similar orders that were still in effect in various parts of  the United States throughout most of 2020, and changes in personal behavior regardless of whether such lockdown, shelter-in-place, stay-at-home or similar orders were in effect in certain parts of the United States from time to time during this period</span>.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To <span style="color:#000000;">partially address this situation, the Company has continued to significantly reduce some of its advertising rates, primarily in its radio segment, although the rate of decrease in the Company’s advertising rates was at a slower pace during the quarter ended December 31, 2020 than during earlier periods in 2020 and has been somewhat moderated by political advertising in the Company’s inventory during the election cycle. The Company has also eased credit terms for certain of its advertising clients to help them manage their own cash flow and address other financial needs.</span></p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Primarily during the quarter ended March 31, 2020 and early in the quarter ended June 30, 2020, the Company engaged in a small number of layoffs and significant number of furloughs of employees as a result of the pandemic. During the quarter ended December 31, 2020 the Company terminated these previously furloughed employees. Severance expense associated with these terminations was not material. The Company will continue to monitor this situation closely and may institute such further layoffs or furloughs at a future date if it thinks such actions are appropriate. The Company has elected to defer the employer portion of the social security payroll tax (6.2%) as outlined within the Coronavirus Aid, Relief and Economic Security Act of 2020, commonly known as the CARES Act. The deferral is effective from March 27, 2020 through December 31, 2020. The deferred amount will be paid in two </p> <p style="margin-bottom:0pt;margin-top:12pt;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">installments and the amount will be considered timely paid if </span><span style="color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">50</span><span style="color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">% of the deferred amount is paid by December 31, 2021 and the remainder by December 31, 2022. </span></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In <span style="color:#000000;">order to preserve cash during this period, the Company instituted certain cost reduction measures. On March 26, 2020, the Company suspended repurchases under its share repurchase program.  Effective April 16, 2020, the Company instituted a 2.5%-22.5% reduction in salaries company-wide, depending on the amount of then-current compensation. During the quarter ended December 31, 2020, these reductions were reversed and payments were restored retroactively, resulting in no financial impact on a fiscal year basis.  Effective May 16, 2020, the Company suspended company matching of employee contributions to their 401(k) retirement plans. The Company also reduced its dividend by 50% beginning in the second quarter of 2020, and it may do so in future periods. Additionally, effective May 28, 2020, the Board of Directors decreased its annual non-employee director fees by 20% for the Board year ending at the 2021 shareholders meeting. During the quarter ended December 31, 2020, these reductions were reversed and payments were restored retroactively, resulting in no financial impact on a fiscal year basis. The Company will continue to monitor all of these actions closely in light of current and changing conditions and may institute such additional actions as it may feel are appropriate at a future date.</span> </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company believes that its liquidity and capital resources remain adequate and that it can meet current expenses for at least the next twelve months from a combination of cash on hand and cash flows from operations.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;"> </p>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020 evc Percentage Of Defer The Employer Portion Of Social Security Payroll Tax Of Cares Act
PercentageOfDeferTheEmployerPortionOfSocialSecurityPayrollTaxOfCARESAct
0.062
CY2020 evc Number Of Installments Of Deferred Employer Portion Of Social Security Payroll Tax Of Cares Act
NumberOfInstallmentsOfDeferredEmployerPortionOfSocialSecurityPayrollTaxOfCARESAct
2
CY2020 evc Percentage Of Installment Of Deferred Employer Portion Of Social Security Payroll Tax Of Cares Act
PercentageOfInstallmentOfDeferredEmployerPortionOfSocialSecurityPayrollTaxOfCARESAct
0.50
CY2020Q2 evc Percentage Of Reduction In Dividends
PercentageOfReductionInDividends
0.50
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85107301
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89115997
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company’s operations are affected by numerous factors, including changes in audience acceptance (i.e. ratings), priorities of advertisers, new laws and governmental regulations and policies and technological advances. The Company cannot predict if any of these factors might have a significant impact on the television, radio, and digital advertising industries in the future, nor can it predict what impact, if any, the occurrence of these or other events might have on the Company’s operations and cash flows. Significant estimates and assumptions made by management are used for, but not limited to, the allowance for doubtful accounts, stock-based compensation, the estimated useful lives of long-lived and intangible assets, the recoverability of such assets by their estimated future undiscounted cash flows, the fair value of reporting units and indefinite life intangible assets, fair values of derivative instruments, disclosure of the fair value of debt, deferred income taxes and the purchase price allocations used in the Company’s acquisitions. </p>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentrations of Credit Risk and Trade Receivables </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. The Company from time to time may have bank deposits in excess of the FDIC insurance limits. As of December 31, 2020, substantially all deposits are maintained in one financial institution. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company routinely assesses the financial strength of its customers and, as a consequence, believes that its trade receivable credit risk exposure is limited. Trade receivables are carried at original invoice amount less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. A valuation allowance is provided for known and anticipated credit losses, as determined by management in the course of regularly evaluating individual customer receivables. This evaluation takes into consideration of a customer’s financial condition and credit history, as well as current economic conditions. Trade receivables are written off when deemed uncollectible. Recoveries of trade receivables previously written off are recorded when received. No interest is charged on customer accounts. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimated losses for bad debts are provided for in the consolidated financial statements through a charge to expense that aggregated $2.5 million, $2.3 million and $1.8 million for the years ended December 31, 2020, 2019 and 2018, respectively. The net charge off of bad debts aggregated $1.5 million, $2.8 million and $1.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. </p>
CY2020Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
28000000.0
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MarketableSecuritiesCurrent
91700000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2500000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2300000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1800000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2800000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1200000
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
210500000
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
211700000
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2020 evc Percentage Of Tax Benefit Recognized
PercentageOfTaxBenefitRecognized
0.50
CY2020 us-gaap Advertising Expense
AdvertisingExpense
100000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
500000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
100000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
629933
CY2018 evc Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Units
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockUnits
582653
CY2020 evc Broadcast Trade Cost
BroadcastTradeCost
200000
CY2019 evc Broadcast Trade Cost
BroadcastTradeCost
500000
CY2018 evc Broadcast Trade Cost
BroadcastTradeCost
700000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3910000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19712000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12161000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84231212
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3910000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19712000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12161000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84231212
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85107301
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89115997
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
12332000
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
800000
CY2020Q4 us-gaap Goodwill
Goodwill
58043000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
153164000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
103752000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
49412000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84231212
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85107301
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90328583
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
892720
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1117216
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
182847
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-900000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1300000
CY2020 evc Initial Fair Value Of Redeemable Noncontrolling Interests
InitialFairValueOfRedeemableNoncontrollingInterests
30762000
CY2020 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
2523000
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
33285000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
344026000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
273575000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
297815000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2390000
CY2020 evc Increase In Contract With Customer Liability
IncreaseInContractWithCustomerLiability
3127000
CY2020 evc Decrease In Contract With Customer Liability
DecreaseInContractWithCustomerLiability
-2390000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3127000
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2759000
CY2019 evc Increase In Contract With Customer Liability
IncreaseInContractWithCustomerLiability
2390000
CY2019 evc Decrease In Contract With Customer Liability
DecreaseInContractWithCustomerLiability
-2759000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2390000
CY2018Q4 us-gaap Goodwill
Goodwill
74292000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-67000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
27714000
CY2019Q4 us-gaap Goodwill
Goodwill
46511000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
116591000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
99819000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16772000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
266065000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
269316000
CY2020 us-gaap Amortization Of Intangible Assets
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4000000.0
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4300000
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CY2019 evc Income Tax Reconciliation Change In Fair Value Of Earnout
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CY2018 evc Income Tax Reconciliation Change In Fair Value Of Earnout
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CY2020 evc Income Tax Reconciliation Non Deductible Executive Compensation
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CY2019 evc Income Tax Reconciliation Non Deductible Executive Compensation
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CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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69100000
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65700000
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CY2020 evc Federal Operating Loss Carryforwards Expiration Period Start
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2031
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100000
CY2020 evc Non Cancelable Operating Leases Term Of Expiration
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10500000
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CY2020 us-gaap Common Stock Voting Rights
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Class B common stock is entitled to ten votes per share as compared to one vote per share for the Class A common stock
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17000000.0
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
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StockRepurchaseProgramAuthorizedAmount1
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CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3700000
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3700000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
177000
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.42
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
407000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
36000
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.40
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1115000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.45
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
970000
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
49000
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.75
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
70000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
122000
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.65
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
944000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.20
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
627000
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.92
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.20
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
798000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.11
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
104000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
7.28
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1776000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5.08
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1582000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.74
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1012000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
4.58
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
90000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
4.69
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2256000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
50000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.87
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
884000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.17
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
722000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
884000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.17
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
722000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1557000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
7.18
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1121000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.64
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2623000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.96
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1427000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
3.63
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
81000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
3.15
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3371000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.12
CY2020 evc Conversion Between Classes Of Common Stock Number Of Shares Converted Per Share
ConversionBetweenClassesOfCommonStockNumberOfSharesConvertedPerShare
1
CY2020 evc Retransmission Consent Revenue
RetransmissionConsentRevenue
36800000
CY2019 evc Retransmission Consent Revenue
RetransmissionConsentRevenue
35400000
CY2020 evc Carriage Cost
CarriageCost
0
CY2018 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-1600000
CY2018 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-300000
CY2019 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
1800000
CY2019 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
500000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1300000
CY2020 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-900000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-900000
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020 us-gaap Direct Operating Costs
DirectOperatingCosts
104909000
CY2019 us-gaap Direct Operating Costs
DirectOperatingCosts
119412000
CY2018 us-gaap Direct Operating Costs
DirectOperatingCosts
125242000
CY2020 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
-0.12
CY2019 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
-0.05
CY2020 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
48404000
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
53965000
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
51535000
CY2020 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
-0.10
CY2019 evc Capital Additions Including Non Cash Additions
CapitalAdditionsIncludingNonCashAdditions
25284000
CY2018 evc Capital Additions Including Non Cash Additions
CapitalAdditionsIncludingNonCashAdditions
15717000
CY2020Q4 us-gaap Assets
Assets
747345000
CY2019Q4 us-gaap Assets
Assets
656200000
CY2019 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.05
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
17282000
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16648000
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16273000
CY2020 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
0.04
CY2019 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
0.02
CY2020 evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
0.42
CY2018Q4 us-gaap Assets
Assets
690409000
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020 evc Percentage Of Revenue Generated From Foreign Countries
PercentageOfRevenueGeneratedFromForeignCountries
0.36
CY2019 evc Percentage Of Revenue Generated From Foreign Countries
PercentageOfRevenueGeneratedFromForeignCountries
0.18
CY2018 evc Percentage Of Revenue Generated From Foreign Countries
PercentageOfRevenueGeneratedFromForeignCountries
0.18
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
344026000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
273575000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
297815000
CY2020 evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
0.26
CY2019 evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
-0.08
CY2019 evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
-0.22
CY2020 evc Percentage Change In Expenses
PercentageChangeInExpenses
-0.01
CY2019 evc Percentage Change In Expenses
PercentageChangeInExpenses
0.04
CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-6478000
CY2018 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1202000
CY2020 evc Percentage Change In Fair Value Of Contingent Consideration
PercentageChangeInFairValueOfContingentConsideration
-1
CY2019 evc Percentage Change In Fair Value Of Contingent Consideration
PercentageChangeInFairValueOfContingentConsideration
4.39
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
40035000
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
32097000
CY2020 evc Percentage Change In Impairment Charge
PercentageChangeInImpairmentCharge
0.25
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1052000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-754000
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1616000
CY2019 evc Percentage Change In Foreign Currency Exchange Gain Loss
PercentageChangeInForeignCurrencyExchangeGainLoss
0.53
CY2020 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
6895000
CY2019 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
5994000
CY2018 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1187000
CY2020 evc Percentage Change In Other Operating Gain Loss
PercentageChangeInOtherOperatingGainLoss
0.15
CY2019 evc Percentage Change In Other Operating Gain Loss
PercentageChangeInOtherOperatingGainLoss
4.05
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
6608000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-1653000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
33577000
CY2020 evc Capital Additions Including Non Cash Additions
CapitalAdditionsIncludingNonCashAdditions
9484000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
64249000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45116000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
62978000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
171683000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
344026000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-35592000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2338000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9016000
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20328000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3910000
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.42
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.11
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.24
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
64680000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69241000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68816000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70838000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
273575000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1424000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16279000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12217000
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7360000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19712000
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.14
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.23

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