2013 Q4 Form 10-K Financial Statement

#000119312514080651 Filed on March 03, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $62.69M $58.48M $60.14M
YoY Change 3.54% 3.1% 4.36%
Cost Of Revenue $48.47M $40.79M $41.18M
YoY Change 20.54% 3.45% 3.91%
Gross Profit $14.22M $17.68M $18.95M
YoY Change -30.09% 2.26% 5.28%
Gross Profit Margin 22.68% 30.23% 31.51%
Selling, General & Admin $240.0K $4.950M $5.090M
YoY Change -94.76% 6.68% 6.04%
% of Gross Profit 1.69% 28.0% 26.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.870M $3.780M $3.790M
YoY Change 0.0% 5.59% 5.87%
% of Gross Profit 27.22% 21.38% 20.0%
Operating Expenses $4.120M $45.74M $46.28M
YoY Change -51.3% 3.78% 4.15%
Operating Profit $9.690M $8.974M $9.287M
YoY Change -5.18% 5.84% 140.47%
Interest Expense -$3.030M $3.770M $3.719M
YoY Change -50.33% -38.47% -40.63%
% of Operating Profit -31.27% 42.01% 40.05%
Other Income/Expense, Net $0.00 $4.000K $5.000K
YoY Change -100.0% -93.33% 25.0%
Pretax Income $6.660M $4.175M $9.540M
YoY Change 69.47% 71.39% -392.37%
Income Tax $1.310M -$1.159M -$4.335M
% Of Pretax Income 19.67% -27.76% -45.44%
Net Earnings $5.333M $5.323M $5.201M
YoY Change 165.46% 58.05% -390.23%
Net Earnings / Revenue 8.51% 9.1% 8.65%
Basic Earnings Per Share $0.21 $0.21 $0.20
Diluted Earnings Per Share $0.21 $0.21 $0.20
COMMON SHARES
Basic Shares Outstanding 25.26M shares 25.13M shares 24.74M shares
Diluted Shares Outstanding 26.05M shares 25.92M shares 25.62M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0K $1.400M $100.0K
YoY Change -75.0% 600.0% -66.67%
Cash & Equivalents $65.00K $1.426M $73.00K
Short-Term Investments
Other Short-Term Assets $12.60M $12.00M $12.00M
YoY Change 2.44% -13.04% -26.83%
Inventory
Prepaid Expenses $4.049M $4.040M $3.973M
Receivables $37.63M $34.51M $37.13M
Other Receivables $720.0K $1.910M $1.805M
Total Short-Term Assets $51.05M $49.84M $50.94M
YoY Change 5.65% 4.75% 3.8%
LONG-TERM ASSETS
Property, Plant & Equipment $98.93M $98.76M $99.37M
YoY Change -0.54% -1.9% -2.9%
Goodwill $22.37M $22.00M $21.98M
YoY Change -0.04% 3.15% 9.37%
Intangibles $8.793M $8.136M $8.109M
YoY Change 0.46% 25.48% 49.17%
Long-Term Investments
YoY Change
Other Assets $2.096M $1.944M $1.799M
YoY Change 4.43% 29.08% 15.77%
Total Long-Term Assets $524.1M $521.3M $522.7M
YoY Change 1.99% 1.9% 2.44%
TOTAL ASSETS
Total Short-Term Assets $51.05M $49.84M $50.94M
Total Long-Term Assets $524.1M $521.3M $522.7M
Total Assets $575.1M $571.1M $573.6M
YoY Change 2.3% 2.15% 2.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.960M $3.105M $3.424M
YoY Change -24.7% 15.69% -22.16%
Accrued Expenses $7.888M $7.168M $6.815M
YoY Change 19.03% 28.3% 30.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $3.100M $3.100M $5.100M
YoY Change -39.22% -39.22% 5000.0%
Total Short-Term Liabilities $31.78M $30.34M $35.56M
YoY Change -38.26% -39.17% -0.58%
LONG-TERM LIABILITIES
Long-Term Debt $287.7M $290.8M $292.8M
YoY Change 15.59% 16.09% 10.95%
Other Long-Term Liabilities $452.0K $20.00K $20.00K
YoY Change 1458.62% -31.03% -31.03%
Total Long-Term Liabilities $452.0K $20.00K $20.00K
YoY Change 1458.62% -31.03% -31.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.78M $30.34M $35.56M
Total Long-Term Liabilities $452.0K $20.00K $20.00K
Total Liabilities $373.3M $372.9M $381.5M
YoY Change 4.83% 5.02% 6.53%
SHAREHOLDERS EQUITY
Retained Earnings -$2.062M -$4.711M -$10.03M
YoY Change -135.36% -200.73% -563.89%
Common Stock $237.6M $236.6M $235.8M
YoY Change 1.54% 1.53% 1.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $34.01M $34.01M $34.01M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 2.318M shares 2.318M shares 2.318M shares
Shareholders Equity $201.8M $198.2M $192.1M
YoY Change
Total Liabilities & Shareholders Equity $575.1M $571.1M $573.6M
YoY Change 2.3% 2.15% 2.55%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $5.333M $5.323M $5.201M
YoY Change 165.46% 58.05% -390.23%
Depreciation, Depletion And Amortization $3.870M $3.780M $3.790M
YoY Change 0.0% 5.59% 5.87%
Cash From Operating Activities $7.350M $9.450M $10.06M
YoY Change -15.71% -1.66% 313.99%
INVESTING ACTIVITIES
Capital Expenditures -$2.850M -$2.560M -$2.890M
YoY Change 33.18% 64.1% 38.28%
Acquisitions
YoY Change
Other Investing Activities -$1.450M -$860.0K $780.0K
YoY Change -68.06% -79.38% -259.18%
Cash From Investing Activities -$4.290M -$3.430M -$2.100M
YoY Change -35.87% -40.03% -18.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $4.000M
YoY Change
Cash From Financing Activities -4.420M -4.680M -8.000M
YoY Change 138.92% 17.29% -5814.29%
NET CHANGE
Cash From Operating Activities 7.350M 9.450M 10.06M
Cash From Investing Activities -4.290M -3.430M -2.100M
Cash From Financing Activities -4.420M -4.680M -8.000M
Net Change In Cash -1.360M 1.340M -40.00K
YoY Change -855.56% -1440.0% 300.0%
FREE CASH FLOW
Cash From Operating Activities $7.350M $9.450M $10.06M
Capital Expenditures -$2.850M -$2.560M -$2.890M
Free Cash Flow $10.20M $12.01M $12.95M
YoY Change -6.08% 7.52% 186.5%

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CY2013Q4 salm Business Acquisition Advertising Credits Payable
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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2795000
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
826000
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
226000
CY2011 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
597000
CY2011 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
6000000
CY2011 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
35000000
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-741000
CY2011 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
112400000
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-40000
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-52000
CY2011 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3151000
CY2011 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
2069000
CY2011 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2169000
CY2011 us-gaap Interest Paid
InterestPaid
26053000
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
633000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
81000
CY2011 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
1800000
CY2011 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-248000
CY2011 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1950000
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
41999000
CY2011 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4153000
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
6359000
CY2011 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
52000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
5618000
CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-186000
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
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116000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
950000
CY2011 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-843000
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
220000
CY2011 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-52000
CY2011 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
744000
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
176167000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17503000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
950000
CY2011 us-gaap Provision For Doubtful Accounts
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2069000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-761000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
282000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-4511000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-8000
CY2011 us-gaap Operating Expenses
OperatingExpenses
165349000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6110000
CY2011 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
3650000
CY2011 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
12750000
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-616000
CY2011 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
730000
CY2011 salm Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue
3.13
CY2011 salm Internet Expenses Net
InternetExpensesNet
20889000
CY2011 salm Operating Income Loss Before Depreciation And Amortization
OperatingIncomeLossBeforeDepreciationAndAmortization
52817000
CY2011 salm Broadcast Expenses Net
BroadcastExpensesNet
115482000
CY2011 salm Publishing Expenses Net
PublishingExpensesNet
11475000
CY2011 us-gaap Interest Expense
InterestExpense
27665000
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-5000
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1102000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4364000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4425000
CY2011 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-484000
CY2011 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
119000
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2601000
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
24000
CY2011 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
108400000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1411000
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14971000
CY2011 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
9000000
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1556000
CY2011 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5836000
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
274000
CY2011 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-625000
CY2011 us-gaap Depreciation
Depreciation
12500000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
14900000
CY2011 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2300000
CY2011 us-gaap Cost Of Services Amortization
CostOfServicesAmortization
2451000
CY2011 us-gaap Cost Of Services Depreciation
CostOfServicesDepreciation
12520000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
980000
CY2011 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
2793000
CY2011 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
25000
CY2011 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
1000000
CY2011 salm Net Broadcast Revenue
NetBroadcastRevenue
178731000
CY2011 salm Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
0.42
CY2011 salm Income Tax Reconciliation Other Permanent Items
IncomeTaxReconciliationOtherPermanentItems
696000
CY2011 salm Business Acquisition Property And Equipment Adjustments
BusinessAcquisitionPropertyAndEquipmentAdjustments
0
CY2011 salm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodTotalIntrinsicValue
22000
CY2011 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
2.03
CY2011 salm Net Internet Revenue
NetInternetRevenue
27304000
CY2011 salm Write Off Of Original Bond Issuance Costs
WriteOffOfOriginalBondIssuanceCosts
100000
CY2011 salm Related Party Annual Payments For Insurance Premiums
RelatedPartyAnnualPaymentsForInsurancePremiums
990000
CY2011 salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestWeightedAverageRemainingContractualTerm
P6Y9M18D
CY2011 salm Net Publishing Revenue
NetPublishingRevenue
12131000
CY2011 salm Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValue
116000
CY2011 salm Disposal Group Including Discontinued Operation Asset Impairment Charges
DisposalGroupIncludingDiscontinuedOperationAssetImpairmentCharges
382000
CY2011 salm Interest Paid To Related Party
InterestPaidToRelatedParty
0
CY2011 salm Other Federal Tax Expense Benefit
OtherFederalTaxExpenseBenefit
CY2011 salm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue
7.72
CY2013 dei Entity Registrant Name
EntityRegistrantName
SALEM COMMUNICATIONS CORP /DE/
CY2011 salm Supplemental Noncash Trade Revenue
SupplementalNoncashTradeRevenue
5352000
CY2011 salm Supplemental Noncash Trade Expense
SupplementalNoncashTradeExpense
4680000
CY2013 dei Trading Symbol
TradingSymbol
SALM
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001050606
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
735750 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0106 pure
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24938075 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0078 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.93
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
28735000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
79810 shares
CY2013 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-03-18
CY2013 us-gaap Common Stock Voting Rights
CommonStockVotingRights
Holders of Class A common stock are entitled to one vote per share and holders of Class B common stock are entitled to ten votes per share, except for specified related party transactions.
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y7M6D
CY2013 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-400000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.90
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0205 pure
CY2013 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Accounting for Advertising and Promotional Cost</b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Costs of media advertising and associated production costs are expensed as incurred and amounted to approximately $10.3 million, $10.5 million and $10.0 million for each of the years ending December&#xA0;31, 2011, 2012, and 2013, respectively.</font></p> </div>
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.11
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
410983 shares
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Concentrations of Credit Risks</b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents; trade accounts receivable and derivative instruments. We place our cash and cash equivalents with high quality financial institutions. Such balances may be in excess of FDIC insured limits. To manage the related credit exposure, we continually monitor the credit worthiness of the financial institutions where we have deposits. Concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services, as well as the dispersion of our operations across many geographic areas. We perform ongoing credit evaluations of our customers, but generally do not require collateral to support customer receivables. We establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers, age of receivables outstanding, historical trends, economic conditions and other information. Historically, our bad debt expense has been within management&#x2019;s expectations.</font></p> </div>
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Reclassifications</b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <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. These reclassifications include the separation of our non-broadcast segment into two operating segments, Internet and Publishing. We believe that this information regarding our non-broadcast segments is useful to readers of our financial statements. Additionally, due to growth within our Internet operations, including the acquisition of WorshipHouseMedia.com as discussed in Note 3, our Internet segment qualifies for disclosure as a reportable segment. All prior periods presented have been updated to reflect the separation of these non-broadcast segments. These reclassifications also include the accounting for discontinued operations as described in more detail in Note 3 to our consolidated financial statements.</font></p> </div>
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.11
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
12.30
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <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; (9)&#xA0;contingent consideration and (10)&#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>
CY2013 us-gaap Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
2014-01-10
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.46
CY2013 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
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24938075 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
89799 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y8M12D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
79810 shares
CY2013 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Multiple-Deliverables</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">We may enter bundled advertising agreements that include spot advertisements on our radio stations, Internet banner placements, print magazine advertisements and booth space at specific events or some combination thereof. The multiple deliverables contained in each agreement are accounted for separately over their respective delivery period provided that they are separate units of accounting. The selling price used for each deliverable is based on vendor specific objective evidence if available or estimated selling price if vendor specific objective evidence is not available. Objective evidence of fair value includes the price charged for each element when it is sold separately. The estimated selling price is the price that we would transact if the deliverable was sold regularly on a standalone basis. Arrangement consideration is allocated at the inception of each arrangement to all deliverables using the relative selling price method. The relative selling price method allocates any discount in the arrangement proportionally to each deliverable on the basis of each deliverable&#x2019;s selling price.</font></p> </div>
CY2013 us-gaap Related Party Transaction Terms And Manner Of Settlement
RelatedPartyTransactionTermsAndMannerOfSettlement
Ten
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
68000
CY2013 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-62000
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
236934000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10639000
CY2013 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
22677000
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3177000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1422000
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
800000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6891000
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
6808000
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
179000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
242000
CY2013 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
4394000
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5158000
CY2013 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
1977000
CY2013 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
213500000
CY2013 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2000000
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-37000
CY2013 us-gaap Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
400000
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
87220000
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-339000
CY2013 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
5500000
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3456000
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-27795000
CY2013 us-gaap Interest Paid
InterestPaid
16747000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3049000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
50000
CY2013 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
2300000
CY2013 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-81000
CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
10000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
34533000
CY2013 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
15000000
CY2013 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
264000
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2699000
CY2013 us-gaap Notes Issued1
NotesIssued1
2000000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
339000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-2736000
CY2013 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-194000
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
122000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1849000
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-62000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2013 us-gaap Proceeds From Insurance Settlement Investing Activities
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100000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2013 us-gaap Deferred Income Tax Expense Benefit
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CY2013 us-gaap Costs And Expenses
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CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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300000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21430000
CY2013 us-gaap Share Based Compensation
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CY2013 us-gaap Provision For Doubtful Accounts
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3456000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Current State And Local Tax Expense Benefit
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2013 us-gaap Dividends
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5158000
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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401000
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
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1400000
CY2013 us-gaap Operating Expenses
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CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2013 us-gaap Proceeds From Repayments Of Bank Overdrafts
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876000
CY2013 us-gaap Proceeds From Sale Of Productive Assets
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CY2013 us-gaap Increase Decrease In Deferred Revenue
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CY2013 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1883000
CY2013 us-gaap Valuation Allowances And Reserves Deductions
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1573000
CY2013 us-gaap Interest Expense
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CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2013 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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1006000
CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2013 us-gaap Net Cash Provided By Used In Discontinued Operations
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CY2013 us-gaap Proceeds From Stock Options Exercised
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1422000
CY2013 us-gaap Proceeds From Lines Of Credit
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CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2013 us-gaap Depreciation Depletion And Amortization
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CY2013 us-gaap Amortization Of Financing Costs
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CY2013 us-gaap Deferred Income Taxes And Tax Credits
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CY2013 us-gaap Goodwill Impairment Loss
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438000
CY2013 us-gaap Amortization Of Intangible Assets
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CY2013 us-gaap Current Income Tax Expense Benefit
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193000
CY2013 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2013 us-gaap Depreciation
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CY2013 us-gaap Lease And Rental Expense
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16900000
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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8000
CY2013 us-gaap Capitalized Computer Software Additions
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1500000
CY2013 us-gaap Debt Instrument Periodic Payment Principal
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CY2013 us-gaap Cost Of Services Amortization
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2814000
CY2013 us-gaap Cost Of Services Depreciation
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12448000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2013 us-gaap Interest Costs Capitalized
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100000
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118000
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CY2013 salm Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
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CY2013 salm Software Development Cost Amortization Period
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CY2013 salm Income Tax Reconciliation Other Permanent Items
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270000
CY2013 salm Interest Expenses Amortization Period
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CY2013 salm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Total Intrinsic Value
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72000
CY2013 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
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6.02
CY2013 salm Net Internet Revenue
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40906000
CY2013 salm Minimum Ownership Percentage Of Capital Stock
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0.05 pure
CY2013 salm Maximum Company Match Of Participant Contribution Of Eligible Compensation
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CY2013 salm Related Party Annual Payments For Insurance Premiums
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386000
CY2013 salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Remaining Contractual Term
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P6Y4M24D
CY2013 salm Net Publishing Revenue
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12331000
CY2013 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
CY2013 salm Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValue
1303000
CY2013 salm Interest Paid To Related Party
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296000
CY2013 salm Intangible Assets License Renewal Period
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P8Y
CY2013 salm Other Federal Tax Expense Benefit
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CY2013 salm Number Of Stock Option Plans
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CY2013 salm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
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7.43
CY2013 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
CY2013 salm Number Of Independent Directors
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CY2013 salm Sublease Term
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P60Y
CY2013 salm Internet Expenses Net
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28378000
CY2013 salm Operating Income Loss Before Depreciation And Amortization
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50975000
CY2013 salm Broadcast Expenses Net
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122862000
CY2013 salm Publishing Expenses Net
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13289000
CY2013 salm Supplemental Noncash Trade Revenue
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5627000
CY2013 salm Supplemental Noncash Trade Expense
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4845000
CY2013 salm Net Present Value Of Advertising Credits Payable
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2427000
CY2013 salm Defined Contribution Plan Maximum Employee Contribution As Percentage Of Base Salary
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0.60 pure
CY2013 salm Impairment Charges Land Held For Sale
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0
CY2013 salm Allowance Net Present Value Advertiser Credits
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600000
CY2013 salm Net Present Value Of Contingent Consideration
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616000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P2Y10M24D
CY2012 us-gaap Sales Revenue Net
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229179000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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8549000
CY2012 us-gaap Increase Decrease In Restricted Cash
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CY2009 salm Deferred Financing Cost Amortization Period
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CY2012 us-gaap Earnings Per Share Basic
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0166 pure
CY2012 us-gaap Earnings Per Share Diluted
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CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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1.0237 pure
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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409361 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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2.74
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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31077000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P8Y2M12D
CY2012 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.51
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0507 pure
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.18
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
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261205 shares
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.18
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
14.06
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
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0.14
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.57
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
78088 shares
CY2012 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
645000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
409000
CY2012 us-gaap Investment Income Interest
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106000
CY2012 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1200000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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4676000
CY2012 us-gaap Other Tax Expense Benefit
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6000
CY2012 us-gaap Proceeds From Insurance Settlement Investing Activities
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600000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
6808000
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
114000
CY2012 us-gaap Income Taxes Paid Net
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220000
CY2012 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
149000
CY2012 us-gaap Payments Of Dividends Common Stock
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3412000
CY2012 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
7365000
CY2012 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
21500000
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
144669000
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
79000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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-228000
CY2012 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3330000
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
2554000
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
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CY2012 us-gaap Interest Paid
InterestPaid
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CY2012 us-gaap Increase Decrease In Accounts Receivable
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2556000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2012 us-gaap Capitalized Computer Software Amortization
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2100000
CY2012 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
725000
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
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38000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
30490000
CY2012 us-gaap Repayments Of Related Party Debt
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21000000
CY2012 us-gaap Gain Loss On Disposition Of Assets
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CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4523000
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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228000
CY2012 us-gaap Net Income Loss
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4428000
CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-179000
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
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125000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1368000
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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579000
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
198689000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18892000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
1368000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2554000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
313000
CY2012 us-gaap Current State And Local Tax Expense Benefit
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198000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2012 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2012 us-gaap Depreciation
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CY2012 us-gaap Lease And Rental Expense
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15700000
CY2012 us-gaap Capitalized Computer Software Additions
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CY2012 us-gaap Dividends
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3412000
CY2012 us-gaap Current Federal Tax Expense Benefit
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8000
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
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1300000
CY2012 us-gaap Operating Expenses
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CY2012 us-gaap Income Tax Expense Benefit
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153000
CY2012 us-gaap Proceeds From Repayments Of Bank Overdrafts
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CY2012 us-gaap Proceeds From Sale Of Productive Assets
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907000
CY2012 us-gaap Increase Decrease In Deferred Revenue
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CY2012 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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910000
CY2012 us-gaap Valuation Allowances And Reserves Deductions
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2928000
CY2012 us-gaap Interest Expense
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24911000
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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1637000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
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3649000
CY2012 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2012 us-gaap Depreciation Depletion And Amortization
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CY2012 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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1291000
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0
CY2012 us-gaap Current Income Tax Expense Benefit
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206000
CY2012 us-gaap Cost Of Services Amortization
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2304000
CY2012 us-gaap Cost Of Services Depreciation
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CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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3291000
CY2012 us-gaap Disposal Group Including Discontinued Operation Operating Expense
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196000
CY2012 us-gaap Interest Costs Capitalized
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100000
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27000
CY2012 salm Net Broadcast Revenue
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CY2012 salm Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
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1.28
CY2012 salm Income Tax Reconciliation Other Permanent Items
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788000
CY2012 salm Awards Granted To Number Of Employees
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10824000
CY2012 salm Net Internet Revenue
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33474000
CY2012 salm Write Off Of Original Bond Issuance Costs
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300000
CY2012 salm Related Party Annual Payments For Insurance Premiums
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193000
CY2012 salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Remaining Contractual Term
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P6Y9M18D
CY2012 salm Net Publishing Revenue
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12525000
CY2012 salm Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
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1704000
CY2012 salm Interest Paid To Related Party
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322000
CY2012 salm Other Federal Tax Expense Benefit
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CY2012 salm Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
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8.03
CY2012 salm Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Weighted Average Grant Date Fair Value
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2.32
CY2012 salm Internet Expenses Net
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25145000
CY2012 salm Operating Income Loss Before Depreciation And Amortization
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52082000
CY2012 salm Broadcast Expenses Net
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120772000
CY2012 salm Publishing Expenses Net
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12288000
CY2012 salm Supplemental Noncash Trade Revenue
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5270000
CY2012 salm Supplemental Noncash Trade Expense
SupplementalNoncashTradeExpense
5309000
CY2012 salm Impairment Charges Land Held For Sale
ImpairmentChargesLandHeldForSale
1200000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.75
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.75
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24632431 shares
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.75
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.75
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24632431 shares
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-18582000
CY2013Q1 us-gaap Revenues
Revenues
55628000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6582000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-18593000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24753671 shares
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.03
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.03
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24564947 shares
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
885000
CY2012Q1 us-gaap Revenues
Revenues
54284000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7930000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
843000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24356298 shares
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.07
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.07
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24356298 shares
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1779000
CY2012Q2 us-gaap Revenues
Revenues
57626000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3862000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-1792000
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25624350 shares
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.20
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.20
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24737131 shares
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5205000
CY2013Q2 us-gaap Revenues
Revenues
60136000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9287000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
5201000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25266368 shares
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.08
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.08
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24726148 shares
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2010000
CY2012Q4 us-gaap Revenues
Revenues
60550000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
10219000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
2009000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
100000
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26051098 shares
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.21
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.21
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25255881 shares
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5344000
CY2013Q4 us-gaap Revenues
Revenues
62694000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
9690000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
5333000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25358052 shares
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.13
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3407000
CY2012Q3 us-gaap Revenues
Revenues
56719000
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.13
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24663027 shares
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
8479000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
3368000
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25921391 shares
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.21
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.21
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25126858 shares
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5334000
CY2013Q3 us-gaap Revenues
Revenues
58476000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
8974000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
5323000

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