2015 Q1 Form 10-Q Financial Statement

#000114420415028750 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $61.86M $62.34M
YoY Change -0.78% 12.07%
Cost Of Revenue $47.41M $47.20M
YoY Change 0.44% 19.71%
Gross Profit $14.44M $15.14M
YoY Change -4.62% -6.54%
Gross Profit Margin 23.34% 24.28%
Selling, General & Admin $3.990M $5.060M
YoY Change -21.15% -12.76%
% of Gross Profit 27.63% 33.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.501M $4.737M
YoY Change -4.98% 24.17%
% of Gross Profit 31.17% 31.29%
Operating Expenses $51.41M $52.27M
YoY Change -1.65% 15.56%
Operating Profit $5.703M $5.331M
YoY Change 6.98% -19.01%
Interest Expense $3.804M $3.779M
YoY Change 0.66% -33.97%
% of Operating Profit 66.7% 70.89%
Other Income/Expense, Net $7.000K $66.00K
YoY Change -89.39% 1000.0%
Pretax Income $446.0K $529.0K
YoY Change -15.69% -101.94%
Income Tax $151.0K $98.00K
% Of Pretax Income 33.86% 18.53%
Net Earnings $295.0K $431.0K
YoY Change -31.55% -102.32%
Net Earnings / Revenue 0.48% 0.69%
Basic Earnings Per Share $0.01 $0.02
Diluted Earnings Per Share $0.01 $0.02
COMMON SHARES
Basic Shares Outstanding 25.35M shares 25.06M shares
Diluted Shares Outstanding 25.92M shares 25.88M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $300.0K
YoY Change -33.33% 200.0%
Cash & Equivalents $182.0K $278.0K
Short-Term Investments
Other Short-Term Assets $15.90M $14.20M
YoY Change 11.97% -40.34%
Inventory $641.0K $564.0K
Prepaid Expenses $6.031M $5.639M
Receivables $33.52M $36.02M
Other Receivables $3.456M $2.098M
Total Short-Term Assets $53.68M $53.18M
YoY Change 0.95% -12.44%
LONG-TERM ASSETS
Property, Plant & Equipment $99.38M $99.64M
YoY Change -0.26% 0.15%
Goodwill $24.69M $2.300M
YoY Change 973.48% -89.74%
Intangibles $11.78M $16.90M
YoY Change -30.28% 92.21%
Long-Term Investments
YoY Change
Other Assets $2.505M $1.769M
YoY Change 41.61% 10.01%
Total Long-Term Assets $528.7M $535.8M
YoY Change -1.33% 2.8%
TOTAL ASSETS
Total Short-Term Assets $53.68M $53.18M
Total Long-Term Assets $528.7M $535.8M
Total Assets $582.4M $588.9M
YoY Change -1.12% 1.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.801M $3.897M
YoY Change 48.86% 26.9%
Accrued Expenses $15.10M $12.76M
YoY Change 18.37% 95.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $600.0K $2.400M
YoY Change -75.0% -27.27%
Total Short-Term Liabilities $43.15M $40.57M
YoY Change 6.37% 30.36%
LONG-TERM LIABILITIES
Long-Term Debt $273.6M $288.4M
YoY Change -5.13% -4.94%
Other Long-Term Liabilities $1.059M $4.076M
YoY Change -74.02% 20280.0%
Total Long-Term Liabilities $1.059M $4.076M
YoY Change -74.02% 20280.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.15M $40.57M
Total Long-Term Liabilities $1.059M $4.076M
Total Liabilities $379.1M $387.0M
YoY Change -2.04% -1.95%
SHAREHOLDERS EQUITY
Retained Earnings -$4.122M -$3.075M
YoY Change 34.05% -78.03%
Common Stock $241.1M $238.7M
YoY Change 0.98% 1.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $34.01M $34.01M
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.318M shares 2.318M shares
Shareholders Equity $203.2M $201.9M
YoY Change
Total Liabilities & Shareholders Equity $582.4M $588.9M
YoY Change -1.12% 1.21%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $295.0K $431.0K
YoY Change -31.55% -102.32%
Depreciation, Depletion And Amortization $4.501M $4.737M
YoY Change -4.98% 24.17%
Cash From Operating Activities $7.140M $10.30M
YoY Change -30.68% 459.78%
INVESTING ACTIVITIES
Capital Expenditures -$2.810M $3.010M
YoY Change -193.36% 28.47%
Acquisitions
YoY Change
Other Investing Activities $245.0K -$129.0K
YoY Change -289.92% -596.15%
Cash From Investing Activities -$4.600M -$8.836M
YoY Change -47.94% 11.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.390M -1.250M
YoY Change 91.2% -121.48%
NET CHANGE
Cash From Operating Activities 7.140M 10.30M
Cash From Investing Activities -4.600M -8.836M
Cash From Financing Activities -2.390M -1.250M
Net Change In Cash 150.0K -8.836M
YoY Change -101.7% 11.64%
FREE CASH FLOW
Cash From Operating Activities $7.140M $10.30M
Capital Expenditures -$2.810M $3.010M
Free Cash Flow $9.950M $7.290M
YoY Change 36.49% -1549.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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NetBroadcastRevenue
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CY2015Q1 salm Net Broadcast Revenue
NetBroadcastRevenue
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SALEM MEDIA GROUP, INC. /DE/
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0001050606
CY2015Q1 dei Document Type
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10-Q
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2015-03-31
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3103000 USD
CY2015Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
261215000 USD
CY2015Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><b>NOTE 7. RECENT ACCOUNTING PRONOUNCEMENTS </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in;">Changes to accounting principles are established by the FASB in the form of accounting standards updates (&#147;ASU's&#148;) to the FASB's Accounting Standards Codification. We consider the applicability and impact of all ASU's. ASU's that are not listed below were assessed and determined to be not applicable to our financial position, results of operations, cash flows, or presentation thereof. &#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In April 2015, the FASB issued ASU 2015-03, <i>Simplifying the Presentation of Debt Issuance Costs</i>, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The new standard is effective for fiscal years beginning after December 15, 2015, and for interim reporting periods within those fiscal years, with early adoption permitted. The new guidance is to be applied on a retrospective basis and reported as a change in accounting principle. The adoption of ASC Update 2015-03 will affect our balance sheet presentation only and will have no impact on our financial position, results of operations or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in;">In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): &#160;<i>Amendments to the Consolidation Analysis</i>, which modifies existing consolidation guidance related to (i) limited partnerships and similar legal entities, (ii) the evaluation of&#160;variable interests for fees paid to decision makers or service providers, (iii) the effect of fee arrangements and related parties on the primary&#160;beneficiary determination, and (iv) certain investment funds. These changes reduce the number of consolidation models from four to two and place more emphasis on the risk of loss when determining a controlling financial interest. This guidance is effective for fiscal years beginning after December 15, 2015. We are in the process of evaluating the adoption of this ASU, and do not expect this to have a material effect on our financial position, results of operations or cash flows. &#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In August 2014, the FASB issued ASU 2014-15, <i>Disclosure of Uncertainties About an Entities Ability to Continue as a Going Concern</i>, which requires management to assess a company's ability to continue as a going concern and to provide related footnote disclosures. The new standard provides management with specific guidance on the assessments and related disclosures as well as provides a longer look-forward period as one year from the financial statement issuance date. The new standard is effective for the annual period ending after December 15, 2016, with early adoption permitted. The adoption of ASU 2014-15 is not expected to have a material impact on our financial position, results of operations, cash flows, or presentation thereof.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;"><font style="font-family: 'Times New Roman';">In May 2014, the FASB issued ASU 2014-09, <i>Revenue from Contracts with Customers,</i> which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new standard is effective as of the first interim period within annual reporting periods beginning on or after December 15, 2016, and will replace most existing revenue recognition guidance in U.S. GAAP. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of ASU 2014-09 on our </font>financial position, results of operations, cash flows, or presentation thereof.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23pt;">In April 2014, the FASB issued ASU 2014-08, <i>Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity</i>. ASU 2014-08 limits the requirement to report discontinued operations to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity's operations and financial results. The amendments also require expanded disclosures concerning discontinued operations and disclosures of certain financial results attributable to a disposal of a significant component of an entity that does not qualify for discontinued operations reporting. These amendments are effective prospectively for reporting periods beginning on or after December 15, 2014, with early adoption permitted. We elected early adoption of the provisions of ASU 2014-08 as of the annual period ending December 31, 2014. The adoption of this ASU did not have a material impact on our financial position, results of operations, cash flows, or presentation thereof.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p> </div>
CY2015Q1 us-gaap Intangible Assets Net Excluding Goodwill
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11780000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
12395000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
182000 USD
CY2015Q1 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
33520000 USD
CY2015Q1 us-gaap Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
5801000 USD
CY2015Q1 us-gaap Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
15104000 USD
CY2015Q1 salm Accrued Interest Payable Fair Value Disclosure
AccruedInterestPayableFairValueDisclosure
43000 USD
CY2015Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
274235000 USD
CY2015Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
945000 USD
CY2015Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><b>Reclassifications</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in;">Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation. These reclassifications include the change in composition of our operating segments based on our acquisition of Eagle Publishing during 2014 to conform to how <font style="font-family: 'Times New Roman';">our </font>chief operating decision makers, who we define as a collective group of senior executives, assesses the performance of each operating segment and determines the appropriate allocations of resources to each segment. Refer to Note 17 &#150; Segment Data in the notes to our consolidated financial statements for additional information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in;"><br/></p> </div>
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PercentageOfIntangibleAssets
0.71 pure
CY2015Q1 salm Intangible Assets License Renewal Period
IntangibleAssetsLicenseRenewalPeriod
P8Y
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3285000 USD
CY2015Q1 salm Fair Value Business Combination Contingent Consideration
FairValueBusinessCombinationContingentConsideration
158000 USD
CY2015Q1 salm Accretion Of Acquisition Related Contingent Consideration
AccretionOfAcquisitionRelatedContingentConsideration
25000 USD
CY2015Q1 salm Reclassification From Long Term Borrowing To Shortterm Borrowing
ReclassificationFromLongTermBorrowingToShorttermBorrowing
USD
CY2015Q1 salm Business Combination Contingent Consideration Arrangements Payment
BusinessCombinationContingentConsiderationArrangementsPayment
-300000 USD
CY2015Q1 salm Business Acquisition Contingent Consideration At Present Value
BusinessAcquisitionContingentConsiderationAtPresentValue
3286000 USD
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><b>Use of Estimates </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in;">The preparation of financial statements in conformity with GAAP 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. Significant areas for which management uses estimates include: (1) asset impairments, including broadcasting licenses, goodwill and other indefinite-lived intangible assets; (2) income tax valuation allowances; (3) uncertain tax positions; (4) allowance for doubtful accounts; (5) inventory reserves; (6) reserves for royalty advances; (7) self-insurance reserves; (8) fair value of equity awards; (9) estimated lives for tangible and intangible assets; (10) fair value measurements; (11) contingency reserves; (12) probabilities associated with the potential for contingent earn-out consideration; and (13) sales returns and allowances. These estimates require the use of judgment as future events and the effect of these events cannot be predicted with certainty. The estimates will change as new events occur, as more experience is acquired and as more information is obtained. We evaluate and update our assumptions and estimates on an ongoing basis and we may consult outside experts to assist as considered necessary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><br/></p> </div>
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
603000 USD
CY2015Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2015Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.88
CY2014Q4 salm Share Based Compensation Arrangement By Share Based Payment Award Options Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWeightedAverageGrantDateFairValue
3.39
CY2014 salm Share Based Compensation Arrangements By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M18D
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5718000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
10000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.08
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.98
CY2015Q1 salm Number Of Stock Option Plans
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1 OptionPlan
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
331000 USD
CY2014Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
241000 USD
CY2015Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
132000 USD
CY2014Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
362000 USD
CY2015Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
199000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8684 pure
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5237 pure
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0251 pure
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0428 pure
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y6M
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0236 pure
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0085 pure
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1816204 shares
CY2015Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
73115 shares
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.39
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
1.42
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
37837 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.68
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue
8.01
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.84
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWeightedAverageGrantDateFairValue
3.36
CY2015Q1 salm Share Based Compensation Arrangements By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M18D
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3102000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
962327 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.13
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
3.63
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y8M12D
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1559000 USD
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestNumber
714905 shares
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestWeightedAverageExercisePrice
4.47
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue
3.01
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestWeightedAverageRemainingContractualTerm
P6Y3M18D
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected Tovested Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedTovestedAggregateIntrinsicValue
1466000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
10000 shares
CY2015Q1 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
5.83
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageRemainingContractualTerms
P1Y
CY2015Q1 salm Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Granted In Period Intrinsic Value
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodIntrinsicValue
62000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
shares
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Lapse Of Restrictions In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsLapseOfRestrictionsInPeriodWeightedAverageGrantDateFairValue
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
shares
CY2015Q1 salm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Forfeited In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionForfeitedInPeriodWeightedAverageGrantDateFairValue
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
10000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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5.83
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
62000 USD
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
700000 USD
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
USD
CY2014Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
600000 USD
CY2015Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
300000 USD
CY2015Q1 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
1580000 USD
CY2015Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
100000 USD
CY2014Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
200000 USD
CY2015Q1 salm Business Acquisition Initial Purchase Price
BusinessAcquisitionInitialPurchasePrice
1357000 USD
CY2015Q1 salm Business Acquisition Escrow Deposits Previously Paid
BusinessAcquisitionEscrowDepositsPreviouslyPaid
65000 USD
CY2015Q1 salm Business Acquisition Deferred Cash Payment After Two Years
BusinessAcquisitionDeferredCashPaymentAfterTwoYears
88000 USD
CY2015Q1 salm Business Acquisition Deferred Cash Payment After Three Years
BusinessAcquisitionDeferredCashPaymentAfterThreeYears
70000 USD
CY2015Q1 salm Business Acquisition Cost Of Acquired Entity Cash Paid And Due
BusinessAcquisitionCostOfAcquiredEntityCashPaidAndDue
1580000 USD
CY2014Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-69000 USD
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-60000 USD
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4737000 USD
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4501000 USD
CY2014Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
172000 USD
CY2015Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
158000 USD
CY2014Q1 us-gaap Accretion Expense
AccretionExpense
214000 USD
CY2015Q1 us-gaap Accretion Expense
AccretionExpense
91000 USD
CY2014Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
686000 USD
CY2015Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
385000 USD
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-28000 USD
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
35000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5084000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5870000 USD
CY2014Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-231000 USD
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
520000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
680000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1770000 USD
CY2014Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3364000 USD
CY2015Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-4432000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-424000 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
327000 USD
CY2014Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
49000 USD
CY2015Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
53000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
10300000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7138000 USD
CY2014Q1 salm Payment For Capital Expenditures Reimbursable Under Tenant Improvement Allowances And Non Cash Transactions From Trade Agreements
PaymentForCapitalExpendituresReimbursableUnderTenantImprovementAllowancesAndNonCashTransactionsFromTradeAgreements
75000 USD
CY2015Q1 salm Payment For Capital Expenditures Reimbursable Under Tenant Improvement Allowances And Non Cash Transactions From Trade Agreements
PaymentForCapitalExpendituresReimbursableUnderTenantImprovementAllowancesAndNonCashTransactionsFromTradeAgreements
767000 USD
CY2014Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
USD
CY2015Q1 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
188000 USD
CY2014Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1784000 USD
CY2015Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1235000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
USD
CY2014Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-129000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
245000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-8836000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-4597000 USD
CY2014Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
4000 USD
CY2015Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
USD
CY2014Q1 salm Payments Of Contingent Earn Out Consideration
PaymentsOfContingentEarnOutConsideration
USD
CY2015Q1 salm Payments Of Contingent Earn Out Consideration
PaymentsOfContingentEarnOutConsideration
300000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
467000 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
175000 USD
CY2014Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
32000 USD
CY2015Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
30000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1444000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1647000 USD
CY2014Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-307000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
2711000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1251000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-2392000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
213000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
149000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
278000 USD
CY2014Q1 us-gaap Interest Paid
InterestPaid
3350000 USD
CY2015Q1 us-gaap Interest Paid
InterestPaid
3512000 USD
CY2014Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8000 USD
CY2015Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4000 USD
CY2014Q1 salm Supplemental Noncash Trade Revenue
SupplementalNoncashTradeRevenue
1686000 USD
CY2015Q1 salm Supplemental Noncash Trade Revenue
SupplementalNoncashTradeRevenue
1683000 USD
CY2014Q1 salm Supplemental Noncash Trade Expense
SupplementalNoncashTradeExpense
1387000 USD
CY2015Q1 salm Supplemental Noncash Trade Expense
SupplementalNoncashTradeExpense
1591000 USD
CY2014Q1 salm Net Present Value Of Contingent Consideration
NetPresentValueOfContingentConsideration
2047000 USD
CY2015Q1 salm Net Present Value Of Contingent Consideration
NetPresentValueOfContingentConsideration
158000 USD
CY2014Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
200000 USD
CY2015Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
USD
CY2014Q1 salm Net Present Value Of Deferred Cash Payments Current
NetPresentValueOfDeferredCashPaymentsCurrent
2392000 USD
CY2015Q1 salm Net Present Value Of Deferred Cash Payments Current
NetPresentValueOfDeferredCashPaymentsCurrent
USD
CY2014Q1 salm Net Present Value Of Deferred Cash Payments Non Current
NetPresentValueOfDeferredCashPaymentsNonCurrent
2289000 USD
CY2015Q1 salm Net Present Value Of Deferred Cash Payments Non Current
NetPresentValueOfDeferredCashPaymentsNonCurrent
USD
CY2014Q1 salm Payment For Capital Expenditures Net Of Tenant Improvement Allowances
PaymentForCapitalExpendituresNetOfTenantImprovementAllowances
2935000 USD
CY2015Q1 salm Payment For Capital Expenditures Net Of Tenant Improvement Allowances
PaymentForCapitalExpendituresNetOfTenantImprovementAllowances
2040000 USD
CY2014Q1 salm Capital Expenditures Reimbursable Under Tenant Improvement Allowances
CapitalExpendituresReimbursableUnderTenantImprovementAllowances
75000 USD
CY2015Q1 salm Capital Expenditures Reimbursable Under Tenant Improvement Allowances
CapitalExpendituresReimbursableUnderTenantImprovementAllowances
756000 USD
CY2014Q1 salm Non Cash Capital Expenditures For Property And Equipment Acquired Under Trade Agreements
NonCashCapitalExpendituresForPropertyAndEquipmentAcquiredUnderTradeAgreements
USD
CY2015Q1 salm Non Cash Capital Expenditures For Property And Equipment Acquired Under Trade Agreements
NonCashCapitalExpendituresForPropertyAndEquipmentAcquiredUnderTradeAgreements
11000 USD

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