2014 Q2 Form 10-Q Financial Statement

#000119312514302889 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $68.64M $60.14M
YoY Change 14.14% 4.36%
Cost Of Revenue $51.89M $41.18M
YoY Change 26.01% 3.91%
Gross Profit $16.74M $18.95M
YoY Change -11.66% 5.28%
Gross Profit Margin 24.39% 31.51%
Selling, General & Admin $3.980M $5.090M
YoY Change -21.81% 6.04%
% of Gross Profit 23.78% 26.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.690M $3.790M
YoY Change 23.75% 5.87%
% of Gross Profit 28.02% 20.0%
Operating Expenses $55.87M $46.28M
YoY Change 20.73% 4.15%
Operating Profit $7.491M $9.287M
YoY Change -19.34% 140.47%
Interest Expense $4.068M $3.719M
YoY Change 9.38% -40.63%
% of Operating Profit 54.31% 40.05%
Other Income/Expense, Net $14.00K $5.000K
YoY Change 180.0% 25.0%
Pretax Income $2.090M $9.540M
YoY Change -78.09% -392.37%
Income Tax $827.0K -$4.335M
% Of Pretax Income 39.57% -45.44%
Net Earnings $1.263M $5.201M
YoY Change -75.72% -390.23%
Net Earnings / Revenue 1.84% 8.65%
Basic Earnings Per Share $0.05 $0.20
Diluted Earnings Per Share $0.05 $0.20
COMMON SHARES
Basic Shares Outstanding 25.17M shares 24.74M shares
Diluted Shares Outstanding 25.95M shares 25.62M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $100.0K
YoY Change 100.0% -66.67%
Cash & Equivalents $232.0K $73.00K
Short-Term Investments
Other Short-Term Assets $14.70M $12.00M
YoY Change 22.5% -26.83%
Inventory $740.0K
Prepaid Expenses $6.101M $3.973M
Receivables $35.46M $37.13M
Other Receivables $2.989M $1.805M
Total Short-Term Assets $54.10M $50.94M
YoY Change 6.2% 3.8%
LONG-TERM ASSETS
Property, Plant & Equipment $101.5M $99.37M
YoY Change 2.11% -2.9%
Goodwill $24.73M $21.98M
YoY Change 12.49% 9.37%
Intangibles $15.40M $8.109M
YoY Change 89.89% 49.17%
Long-Term Investments
YoY Change
Other Assets $1.977M $1.799M
YoY Change 9.89% 15.77%
Total Long-Term Assets $534.9M $522.7M
YoY Change 2.34% 2.44%
TOTAL ASSETS
Total Short-Term Assets $54.10M $50.94M
Total Long-Term Assets $534.9M $522.7M
Total Assets $589.0M $573.6M
YoY Change 2.69% 2.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.065M $3.424M
YoY Change 18.72% -22.16%
Accrued Expenses $11.78M $6.815M
YoY Change 72.9% 30.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $1.500M $5.100M
YoY Change -70.59% 5000.0%
Total Short-Term Liabilities $40.18M $35.56M
YoY Change 12.97% -0.58%
LONG-TERM LIABILITIES
Long-Term Debt $287.7M $292.8M
YoY Change -1.74% 10.95%
Other Long-Term Liabilities $3.945M $20.00K
YoY Change 19625.0% -31.03%
Total Long-Term Liabilities $3.945M $20.00K
YoY Change 19625.0% -31.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.18M $35.56M
Total Long-Term Liabilities $3.945M $20.00K
Total Liabilities $386.5M $381.5M
YoY Change 1.3% 6.53%
SHAREHOLDERS EQUITY
Retained Earnings -$3.326M -$10.03M
YoY Change -66.85% -563.89%
Common Stock $239.6M $235.8M
YoY Change 1.58% 1.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $34.01M $34.01M
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.318M shares 2.318M shares
Shareholders Equity $202.5M $192.1M
YoY Change
Total Liabilities & Shareholders Equity $589.0M $573.6M
YoY Change 2.69% 2.55%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $1.263M $5.201M
YoY Change -75.72% -390.23%
Depreciation, Depletion And Amortization $4.690M $3.790M
YoY Change 23.75% 5.87%
Cash From Operating Activities $10.63M $10.06M
YoY Change 5.67% 313.99%
INVESTING ACTIVITIES
Capital Expenditures -$3.110M -$2.890M
YoY Change 7.61% 38.28%
Acquisitions
YoY Change
Other Investing Activities -$4.910M $780.0K
YoY Change -729.49% -259.18%
Cash From Investing Activities -$8.020M -$2.100M
YoY Change 281.9% -18.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.650M -8.000M
YoY Change -66.88% -5814.29%
NET CHANGE
Cash From Operating Activities 10.63M 10.06M
Cash From Investing Activities -8.020M -2.100M
Cash From Financing Activities -2.650M -8.000M
Net Change In Cash -40.00K -40.00K
YoY Change 0.0% 300.0%
FREE CASH FLOW
Cash From Operating Activities $10.63M $10.06M
Capital Expenditures -$3.110M -$2.890M
Free Cash Flow $13.74M $12.95M
YoY Change 6.1% 186.5%

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EarningsPerShareBasic
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0080 pure
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
887219 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y7M6D
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0205 pure
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
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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 Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Income Taxes Paid Net
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245000
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
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us-gaap Payments Of Dividends Common Stock
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2474000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Other Nonoperating Income Expense
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us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
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us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
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GainsLossesOnExtinguishmentOfDebt
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us-gaap Interest Paid
InterestPaid
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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
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us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
11000
us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Repayments Of Related Party Debt
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
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1200000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
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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
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Operating Expenses
OperatingExpenses
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IncomeTaxExpenseBenefit
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ProceedsFromRepaymentsOfBankOverdrafts
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us-gaap Interest Expense
InterestExpense
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us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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ProceedsFromLinesOfCredit
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-15000
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CostOfServicesAmortization
1381000
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CostOfServicesDepreciation
6224000
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
35000
salm Net Broadcast Revenue
NetBroadcastRevenue
90272000
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NetInternetRevenue
19622000
salm Net Publishing Revenue
NetPublishingRevenue
5870000
salm Interest Paid To Related Party
InterestPaidToRelatedParty
296000
salm Debt Instrument Termination Date
DebtInstrumentTerminationDate
2013-03-14
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
2530000
salm Supplemental Noncash Trade Expense
SupplementalNoncashTradeExpense
2059000
salm Net Present Value Of Advertising Credits Payable
NetPresentValueOfAdvertisingCreditsPayable
2427000
dei Trading Symbol
TradingSymbol
SALM
dei Entity Registrant Name
EntityRegistrantName
SALEM COMMUNICATIONS CORP /DE/
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
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
0.07
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y4M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
25000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0227 pure
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25916205 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7498 pure
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
777904 shares
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
20930000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y9M18D
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0270 pure
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>NOTE 7. RECENT ACCOUNTING PRONOUNCEMENTS</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Changes to accounting principles are established by the FASB in the form of accounting standards updates (&#x201C;ASU&#x2019;s&#x201D;) to the FASB&#x2019;s Accounting Standards Codification. We consider the applicability and impact of all ASU&#x2019;s. ASU&#x2019;s not listed below were assessed and determined to be not applicable to our financial position or results of operations.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In May 2014, the FASB issued ASU 2014-09, <i>Revenue from Contracts with Customers,</i> which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new standard is effective as of the first interim period within annual reporting periods beginning on or after December&#xA0;15, 2016, and will replace most existing revenue recognition guidance in U.S. GAAP. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our financial position, results of operations, cash flows, or presentation thereof.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In April 2014, the FASB issued ASU 2014-08, <i>Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity</i>. ASU 2014-08 limits the requirement to report discontinued operations to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity&#x2019;s operations and financial results. The amendments also require expanded disclosures concerning discontinued operations and disclosures of certain financial results attributable to a disposal of a significant component of an entity that does not qualify for discontinued operations reporting. These amendments are effective prospectively for reporting periods beginning on or after December&#xA0;15, 2014, with early adoption permitted. The adoption of this ASU is not expected to have a material impact on our financial position, results of operations, cash flows, or presentation thereof.</p> </div>
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Reclassifications</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation.</p> </div>
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.07
us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> 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, goodwill and other indefinite-lived intangible assets; (2)&#xA0;income tax valuation allowances; (3)&#xA0;uncertain tax positions; (4)&#xA0;allowance for doubtful accounts; (5)&#xA0;inventory reserves; (6)&#xA0;reserves for royalty advances; (7)&#xA0;self-insurance reserves; (8)&#xA0;fair value of equity awards; (9)&#xA0;estimated lives for tangible and intangible assets; (10)&#xA0;fair value measurements; (11)&#xA0;contingency reserves; (12)&#xA0;probabilities associated with the potential for contingent earn-out consideration; and (13)&#xA0;sales returns and allowances. These estimates require the use of judgment as future events and the effect of these events cannot be predicted with certainty. The estimates will change as new events occur, as more experience is acquired and as more information is obtained. We evaluate and update our assumptions and estimates on an ongoing basis and we may consult outside experts to assist as considered necessary.</p> </div>
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
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WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Number Of Operating Segments
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IncomeTaxesPaidNet
238000
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PaymentsOfLoanCosts
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PaymentsOfDividendsCommonStock
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us-gaap Interest Paid
InterestPaid
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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407000
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373000
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369000
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CostsAndExpenses
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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ShareBasedCompensation
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CashAndCashEquivalentsPeriodIncreaseDecrease
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us-gaap Proceeds From Sale Of Productive Assets
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us-gaap Interest Expense
InterestExpense
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us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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CostOfServicesAmortization
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salm Percentage Of Intangible Assets
PercentageOfIntangibleAssets
0.70 pure
salm Net Broadcast Revenue
NetBroadcastRevenue
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salm Net Internet Revenue
NetInternetRevenue
27300000
salm Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestWeightedAverageRemainingContractualTerm
P6Y3M18D
salm Net Publishing Revenue
NetPublishingRevenue
10239000
salm Intangible Assets License Renewal Period
IntangibleAssetsLicenseRenewalPeriod
P8Y
salm Number Of Stock Option Plans
NumberOfStockOptionPlans
1 OptionPlan
salm Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue
3.04
salm Internet Expenses Net
InternetExpensesNet
19880000
salm Operating Income Loss Before Depreciation And Amortization
OperatingIncomeLossBeforeDepreciationAndAmortization
22845000
salm Broadcast Expenses Net
BroadcastExpensesNet
65099000
salm Publishing Expenses Net
PublishingExpensesNet
10858000
salm Supplemental Noncash Trade Revenue
SupplementalNoncashTradeRevenue
3524000
salm Supplemental Noncash Trade Expense
SupplementalNoncashTradeExpense
3379000
salm Net Present Value Of Contingent Consideration
NetPresentValueOfContingentConsideration
2047000
salm Accretion Of Acquisition Related Contingent Consideration
AccretionOfAcquisitionRelatedContingentConsideration
123000
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M
CY2013 us-gaap Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
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CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0221 pure
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
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WeightedAverageNumberOfDilutedSharesOutstanding
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6708 pure
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SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0282 pure
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.05
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.05
CY2014Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000
CY2013Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2014Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
26000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2090000
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2014Q2 us-gaap Gain Loss On Disposition Of Assets
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CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1263000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
1263000
CY2014Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
300000
CY2014Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
132000
CY2014Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
61146000
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
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CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
197000
CY2014Q2 us-gaap Interest Expense
InterestExpense
4068000
CY2014Q2 us-gaap Cost Of Services Amortization
CostOfServicesAmortization
1529000
CY2014Q2 us-gaap Cost Of Services Depreciation
CostOfServicesDepreciation
3167000
CY2014Q2 salm Net Broadcast Revenue
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47855000
CY2014Q2 salm Net Internet Revenue
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14390000
CY2014Q2 salm Net Publishing Revenue
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6392000
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CY2014Q2 salm Operating Income Loss Before Depreciation And Amortization
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CY2014Q2 salm Accretion Of Acquisition Related Contingent Consideration
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CY2013Q2 us-gaap Earnings Per Share Basic
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CY2013Q2 us-gaap Earnings Per Share Diluted
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0
CY2013Q2 us-gaap Sales Revenue Net
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CY2013Q2 us-gaap Unrealized Gain Loss On Derivatives
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CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
15000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9540000
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2013Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
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CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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GainLossOnDispositionOfAssets
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IncomeLossFromContinuingOperations
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NetIncomeLoss
5201000
CY2013Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
400000
CY2013Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-8000
CY2013Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
140000
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
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GeneralAndAdministrativeExpense
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IncomeTaxExpenseBenefit
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CY2013Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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CY2013Q2 us-gaap Interest Expense
InterestExpense
3719000
CY2013Q2 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
345000
CY2013Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2013Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
438000
CY2013Q2 us-gaap Cost Of Services Amortization
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688000
CY2013Q2 us-gaap Cost Of Services Depreciation
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3102000
CY2013Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
19000
CY2013Q2 salm Net Broadcast Revenue
NetBroadcastRevenue
47025000
CY2013Q2 salm Net Internet Revenue
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9906000
CY2013Q2 salm Net Publishing Revenue
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3205000
CY2013Q2 salm Internet Expenses Net
InternetExpensesNet
6887000
CY2013Q2 salm Operating Income Loss Before Depreciation And Amortization
OperatingIncomeLossBeforeDepreciationAndAmortization
13861000
CY2013Q2 salm Broadcast Expenses Net
BroadcastExpensesNet
30844000
CY2013Q2 salm Publishing Expenses Net
PublishingExpensesNet
3452000

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