2013 Q2 Form 10-Q Financial Statement

#000119312513329064 Filed on August 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q2
Revenue $60.14M $55.63M $57.63M
YoY Change 4.36% 2.48% 3.94%
Cost Of Revenue $41.18M $39.43M $39.63M
YoY Change 3.91% 3.65% 6.05%
Gross Profit $18.95M $16.20M $18.00M
YoY Change 5.28% -0.31% -0.39%
Gross Profit Margin 31.51% 29.12% 31.24%
Selling, General & Admin $5.090M $5.800M $4.800M
YoY Change 6.04% 19.1% 14.29%
% of Gross Profit 26.86% 35.8% 26.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.790M $3.815M $3.580M
YoY Change 5.87% 5.42% -5.79%
% of Gross Profit 20.0% 23.55% 19.89%
Operating Expenses $46.28M $45.23M $44.43M
YoY Change 4.15% 5.41% 6.88%
Operating Profit $9.287M $6.582M $3.862M
YoY Change 140.47% -17.0% -61.07%
Interest Expense $3.719M $5.723M $6.264M
YoY Change -40.63% -10.52% -11.33%
% of Operating Profit 40.05% 86.95% 162.2%
Other Income/Expense, Net $5.000K $6.000K $4.000K
YoY Change 25.0% -14.29% -133.33%
Pretax Income $9.540M -$27.26M -$3.263M
YoY Change -392.37% -1834.35% -280.48%
Income Tax -$4.335M -$8.682M -$1.484M
% Of Pretax Income -45.44%
Net Earnings $5.201M -$18.59M -$1.792M
YoY Change -390.23% -2305.58% -262.91%
Net Earnings / Revenue 8.65% -33.42% -3.11%
Basic Earnings Per Share $0.20 -$0.75 -$0.07
Diluted Earnings Per Share $0.20 -$0.75 -$0.07
COMMON SHARES
Basic Shares Outstanding 24.74M shares 24.63M shares 24.36M shares
Diluted Shares Outstanding 25.62M shares 24.63M shares 24.36M shares

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0K $100.0K $300.0K
YoY Change -66.67% -66.67% -78.57%
Cash & Equivalents $73.00K $123.0K $299.0K
Short-Term Investments
Other Short-Term Assets $12.00M $23.80M $16.40M
YoY Change -26.83% 126.67% 67.35%
Inventory
Prepaid Expenses $3.973M $3.883M $3.720M
Receivables $37.13M $36.11M $32.19M
Other Receivables $1.805M $694.0K $126.0K
Total Short-Term Assets $50.94M $60.73M $49.08M
YoY Change 3.8% 44.14% 17.41%
LONG-TERM ASSETS
Property, Plant & Equipment $99.37M $99.49M $102.3M
YoY Change -2.9% -10.98% -10.15%
Goodwill $21.98M $22.42M $20.10M
YoY Change 9.37% 11.56%
Intangibles $8.109M $8.791M $5.436M
YoY Change 49.17% 49.48%
Long-Term Investments
YoY Change
Other Assets $1.799M $1.608M $1.554M
YoY Change 15.77% 26.71% -78.42%
Total Long-Term Assets $522.7M $521.2M $510.2M
YoY Change 2.44% 0.27% -2.61%
TOTAL ASSETS
Total Short-Term Assets $50.94M $60.73M $49.08M
Total Long-Term Assets $522.7M $521.2M $510.2M
Total Assets $573.6M $581.9M $559.3M
YoY Change 2.55% 3.56% -1.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.424M $3.071M $4.399M
YoY Change -22.16% -25.48% 37.47%
Accrued Expenses $6.815M $6.533M $5.233M
YoY Change 30.23% 25.85% -61.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $9.000M
YoY Change -100.0%
Long-Term Debt Due $5.100M $3.300M $100.0K
YoY Change 5000.0% 3200.0% 0.0%
Total Short-Term Liabilities $35.56M $31.12M $35.77M
YoY Change -0.58% 2.34% 46.59%
LONG-TERM LIABILITIES
Long-Term Debt $292.8M $303.4M $263.9M
YoY Change 10.95% 11.96% -8.4%
Other Long-Term Liabilities $20.00K $20.00K $29.00K
YoY Change -31.03% -31.03% -99.64%
Total Long-Term Liabilities $20.00K $20.00K $29.00K
YoY Change -31.03% -31.03% -99.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.56M $31.12M $35.77M
Total Long-Term Liabilities $20.00K $20.00K $29.00K
Total Liabilities $381.5M $394.7M $358.1M
YoY Change 6.53% 10.09% -1.9%
SHAREHOLDERS EQUITY
Retained Earnings -$10.03M -$14.00M $2.163M
YoY Change -563.89% -391.02%
Common Stock $235.8M $234.9M $232.7M
YoY Change 1.34% 1.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $34.01M $34.01M $34.01M
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.318M shares 2.318M shares 2.318M shares
Shareholders Equity $192.1M $187.2M $201.2M
YoY Change
Total Liabilities & Shareholders Equity $573.6M $581.9M $559.3M
YoY Change 2.55% 3.56% -1.13%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q2
OPERATING ACTIVITIES
Net Income $5.201M -$18.59M -$1.792M
YoY Change -390.23% -2305.58% -262.91%
Depreciation, Depletion And Amortization $3.790M $3.815M $3.580M
YoY Change 5.87% 5.42% -5.79%
Cash From Operating Activities $10.06M $1.840M $2.430M
YoY Change 313.99% -82.17% -59.36%
INVESTING ACTIVITIES
Capital Expenditures -$2.890M $2.343M -$2.090M
YoY Change 38.28% -15.14% 9.42%
Acquisitions
YoY Change
Other Investing Activities $780.0K $26.00K -$490.0K
YoY Change -259.18% 73.33% -5000.0%
Cash From Investing Activities -$2.100M -$7.915M -$2.580M
YoY Change -18.6% 94.0% 35.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.000M 5.820M 140.0K
YoY Change -5814.29% -197.0% -104.71%
NET CHANGE
Cash From Operating Activities 10.06M 1.840M 2.430M
Cash From Investing Activities -2.100M -7.915M -2.580M
Cash From Financing Activities -8.000M 5.820M 140.0K
Net Change In Cash -40.00K -7.915M -10.00K
YoY Change 300.0% -3397.92% -100.9%
FREE CASH FLOW
Cash From Operating Activities $10.06M $1.840M $2.430M
Capital Expenditures -$2.890M $2.343M -$2.090M
Free Cash Flow $12.95M -$503.0K $4.520M
YoY Change 186.5% -106.65% -42.71%

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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
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dei Amendment Flag
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0001050606
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
735750 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0106 pure
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24684781 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
79810 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.008 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
887219 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.93
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
11912000
us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-03-18
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y7M6D
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
6.02
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.90
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0205 pure
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>NOTE 6. RECENT ACCOUNTING PRONOUNCEMENTS</b></font></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In July 2013, the FASB issued Accounting Standards Update (&#x201C;ASU&#x201D;) 2013-11, Presentation of Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, an amendment to FASB ASC Topic 740, Income Taxes, (&#x201C;FASB ASU 2013-11&#x201D;). This update clarifies that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward if such settlement is required or expected in the event the uncertain tax position is disallowed. In situations where a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction or the tax law of the jurisdiction does not require, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December&#xA0;15, 2013. Retrospective application is permitted. We are currently evaluating the impact, if any, that the adoption of this pronouncement may have on our financial position, results of operations, cash flows, or presentation thereof.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px"> &#xA0;</p> <p style="MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In July 2013, the FASB issued ASU 2013-10, Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes, an amendment to FASB ASC Topic 815, Derivatives and Hedging (&#x201C;FASB ASC Topic 815&#x201D;). The update permits the use of the Fed Funds Effective Swap Rate to be used as a US benchmark interest rate for hedge accounting purposes under FASB ASC Topic 815, in addition to the interest rates on direct Treasury obligations of the US government (&#x201C;UST&#x201D;) and the London Interbank Offered Rate (&#x201C;LIBOR&#x201D;). The update also removes the restriction on using different benchmark rates for similar hedges. This ASU is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July&#xA0;17, 2013.&#xA0;We do not expect the impact of adopting this ASU to be material to our financial position, results of operations, cash flows, or presentation thereof.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In February 2013, the FASB issued ASU 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date, an amendment to FASB ASC Topic 405, Liabilities (&#x201C;FASB ASC Topic 405&#x201D;). The update requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed as of the reporting date as the sum of the obligation the entity agreed to pay among its co-obligors and any additional amount the entity expects to pay on behalf of its co-obligors. This ASU is effective for annual and interim periods beginning after December&#xA0;15, 2013 and is required to be applied retrospectively to all prior periods presented for those obligations that existed upon adoption of the ASU. We do not expect the impact of adopting this ASU to be material to our financial position, results of operations, cash flows, or presentation thereof.</font></p> </div>
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.54
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
170745 shares
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Reclassifications</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation.</font></p> </div>
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.94
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
us-gaap Use Of Estimates
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">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)&#xA0;asset impairments, including broadcasting licenses and goodwill; (2)&#xA0;income tax valuation allowances; (3)&#xA0;uncertain tax positions; (4)&#xA0;allowance for doubtful accounts; (5)&#xA0;self-insurance reserves; (6)&#xA0;fair value of equity awards; (7)&#xA0;estimated lives for tangible and intangible assets; (8)&#xA0;fair value measurements; and (9)&#xA0;contingency reserves. 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 necessary.</font></p> </div>
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.36
us-gaap Sales Revenue Net
SalesRevenueNet
115764000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
79810 shares
us-gaap Related Party Transaction Terms And Manner Of Settlement
RelatedPartyTransactionTermsAndMannerOfSettlement
Ten
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
6.02
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24684781 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
81774 shares
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y10M24D
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5232000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3578000
us-gaap Investment Income Interest
InvestmentIncomeInterest
36000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-24000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
468000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-2180000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4578000
us-gaap Costs And Expenses
CostsAndExpenses
99895000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10888000
us-gaap Share Based Compensation
ShareBasedCompensation
1171000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1521000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17724000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
162000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
245000
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
4364000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2474000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
213500000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-15000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
87220000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-113000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
5000000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-27776000
us-gaap Interest Paid
InterestPaid
9835000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
278000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
793000
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-370000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
11000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
15087000
us-gaap Operating Income Loss
OperatingIncomeLoss
15869000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
15000000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-5000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13377000
us-gaap Notes Issued1
NotesIssued1
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us-gaap Net Income Loss
NetIncomeLoss
-13392000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-100000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
63000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1200000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-307000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-10024000
us-gaap Operating Expenses
OperatingExpenses
91502000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4347000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
875000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1045000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
703000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
us-gaap Interest Expense
InterestExpense
9442000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-137000
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
345000
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-9000
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-15000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-9000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
583000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
46747000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
310000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7605000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
511000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
438000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-15000
us-gaap Cost Of Services Amortization
CostOfServicesAmortization
1381000
us-gaap Cost Of Services Depreciation
CostOfServicesDepreciation
6224000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3878000
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
35000
salm Net Broadcast Revenue
NetBroadcastRevenue
90272000
salm Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
5.56
salm Interest Expenses Amortization Period
InterestExpensesAmortizationPeriod
P10Y
salm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodTotalIntrinsicValue
salm Internet Revenue
InternetRevenue
19622000
salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestWeightedAverageRemainingContractualTerm
P6Y9M18D
salm Publishing Revenue
PublishingRevenue
5870000
salm Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValue
salm Interest Paid To Related Party
InterestPaidToRelatedParty
296000
salm Allowance For Doubtful Accounts And Advertiser Credits
AllowanceForDoubtfulAccountsAndAdvertiserCredits
600000
salm Number Of Stock Option Plans
NumberOfStockOptionPlans
1 OptionPlan
salm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue
7.23
salm Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue
3.28
salm Internet Expenses Net
InternetExpensesNet
13728000
salm Operating Income Loss Before Depreciation And Amortization
OperatingIncomeLossBeforeDepreciationAndAmortization
24262000
salm Broadcast Expenses Net
BroadcastExpensesNet
60411000
salm Publishing Expenses Net
PublishingExpensesNet
6475000
salm Supplemental Noncash Trade Revenue
SupplementalNoncashTradeRevenue
2306000
salm Payment Of Premiums For Debt Extinguishment
PaymentOfPremiumsForDebtExtinguishment
22677000
salm Supplemental Noncash Trade Expense
SupplementalNoncashTradeExpense
2050000
salm Share Based Compensation Arrangement By Share Based Payment Awards Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardsOptionsVestedInPeriodFairValue
500000
salm Net Present Value Of Advertising Credits Payable
NetPresentValueOfAdvertisingCreditsPayable
2427000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0166 pure
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24460623 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.024 pure
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
213476 shares
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
12744000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y2M12D
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
300000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0507 pure
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.04
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24460623 shares
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
us-gaap Sales Revenue Net
SalesRevenueNet
111910000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4846000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-110000
us-gaap Investment Income Interest
InvestmentIncomeInterest
59000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1691000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
34000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
202000
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
134000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1704000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
-165000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
17500000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-55000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
61842000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
2180000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-893000
us-gaap Interest Paid
InterestPaid
11937000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2171000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
325000
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
307000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
11000
us-gaap Operating Income Loss
OperatingIncomeLoss
11792000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
9000000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
24000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-894000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-90000
us-gaap Net Income Loss
NetIncomeLoss
-949000
salm Internet Expenses Net
InternetExpensesNet
12033000
salm Operating Income Loss Before Depreciation And Amortization
OperatingIncomeLossBeforeDepreciationAndAmortization
24574000
salm Broadcast Expenses Net
BroadcastExpensesNet
59661000
salm Publishing Expenses Net
PublishingExpensesNet
5971000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
61000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
700000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-91000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
311000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-5856000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1041000
us-gaap Costs And Expenses
CostsAndExpenses
100118000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9671000
us-gaap Share Based Compensation
ShareBasedCompensation
696000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
791000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
232000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-6657000
us-gaap Operating Expenses
OperatingExpenses
87336000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-797000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-1580000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
765000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3443000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
385000
us-gaap Interest Expense
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