$SGA
SAGA COMMUNICATIONS INC

2023 Q2 Form 10-Q Financial Statement

#000155837023009124 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $29.18M $25.30M $30.13M
YoY Change -2.17% 1.35% 3.34%
Cost Of Revenue $22.41M $21.70M $22.89M
YoY Change 2.85% 5.52% 5.89%
Gross Profit $6.768M $3.601M $7.237M
YoY Change -15.77% -18.14% -3.97%
Gross Profit Margin 23.2% 14.23% 24.02%
Selling, General & Admin $2.472M $2.616M $2.330M
YoY Change -5.25% -2.9% -9.34%
% of Gross Profit 36.52% 72.65% 32.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.475M $1.237M
YoY Change
% of Gross Profit 36.57% 34.35%
Operating Expenses $2.472M $2.696M $2.313M
YoY Change -6.86% 0.26% -11.11%
Operating Profit $4.296M $905.0K $4.924M
YoY Change -20.16% -47.08% -0.2%
Interest Expense $43.00K $43.00K $34.00K
YoY Change 152.94% 34.38% -48.48%
% of Operating Profit 1.0% 4.75% 0.69%
Other Income/Expense, Net $0.00 $119.0K $616.0K
YoY Change 5850.0% 1084.62%
Pretax Income $4.600M $1.270M $5.729M
YoY Change -14.78% -24.58% 16.4%
Income Tax $1.250M $350.0K $1.450M
% Of Pretax Income 27.17% 27.56% 25.31%
Net Earnings $3.350M $920.0K $4.176M
YoY Change -12.37% -23.59% 13.11%
Net Earnings / Revenue 11.48% 3.64% 13.86%
Basic Earnings Per Share $0.55 $0.15 $0.70
Diluted Earnings Per Share $0.55 $0.15 $0.70
COMMON SHARES
Basic Shares Outstanding 6.124M 6.124M 6.053M
Diluted Shares Outstanding 6.032M 6.028M 6.013M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.44M $37.46M $46.93M
YoY Change -34.2% -32.07% -14.31%
Cash & Equivalents $24.12M $27.25M $36.80M
Short-Term Investments $10.32M $10.21M $10.12M
Other Short-Term Assets $4.986M $4.045M $3.494M
YoY Change -9.46% 21.0% 2.16%
Inventory
Prepaid Expenses
Receivables $16.38M $14.28M $17.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $55.81M $55.79M $67.86M
YoY Change -24.73% -22.76% -8.85%
LONG-TERM ASSETS
Property, Plant & Equipment $53.37M $53.31M $53.20M
YoY Change -10.83% 0.51% -0.27%
Goodwill $19.24M $19.24M $19.24M
YoY Change 0.14% 0.14%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.94M $9.959M $10.15M
YoY Change 146.06% -3.43% -4.69%
Total Long-Term Assets $173.8M $172.7M $172.9M
YoY Change -0.03% -0.05% -0.34%
TOTAL ASSETS
Total Short-Term Assets $55.81M $55.79M $67.86M
Total Long-Term Assets $173.8M $172.7M $172.9M
Total Assets $229.6M $228.5M $240.8M
YoY Change -7.41% -6.75% -2.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.588M $2.888M $2.654M
YoY Change 17.42% 29.74% 13.08%
Accrued Expenses $6.475M $6.934M $6.359M
YoY Change -48.66% 15.2% 10.44%
Deferred Revenue $1.238M $1.090M $987.0K
YoY Change 13.66% 9.54%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.95M $17.46M $29.38M
YoY Change -5.64% 10.28% 53.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.001M $6.856M $7.110M
YoY Change 28.22% 3.53% 1.35%
Total Long-Term Liabilities $8.001M $6.856M $7.110M
YoY Change 28.22% 3.53% 1.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.95M $17.46M $29.38M
Total Long-Term Liabilities $8.001M $6.856M $7.110M
Total Liabilities $49.10M $50.12M $62.22M
YoY Change 3.85% 5.89% 21.98%
SHAREHOLDERS EQUITY
Retained Earnings $145.1M $143.3M $143.9M
YoY Change -12.89% -12.39%
Common Stock $78.00K $78.00K $78.00K
YoY Change 1.3% 1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $180.5M $178.4M $178.5M
YoY Change
Total Liabilities & Shareholders Equity $229.6M $228.5M $240.8M
YoY Change -7.41% -6.75% -2.9%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $3.350M $920.0K $4.176M
YoY Change -12.37% -23.59% 13.11%
Depreciation, Depletion And Amortization $2.475M $1.237M
YoY Change
Cash From Operating Activities $1.203M $4.835M $2.763M
YoY Change -41.14% -8.7% -46.86%
INVESTING ACTIVITIES
Capital Expenditures $1.275M $1.362M $1.263M
YoY Change -148.3% 47.56% -198.52%
Acquisitions
YoY Change
Other Investing Activities -$4.000K -$117.0K $995.0K
YoY Change -99.96% -2440.0% 1709.09%
Cash From Investing Activities -$1.279M -$629.0K -$268.0K
YoY Change -89.92% -31.7% -78.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.062M -13.75M -13.92M
YoY Change 40.52% 244.88% 22.17%
NET CHANGE
Cash From Operating Activities 1.203M 4.835M 2.763M
Cash From Investing Activities -1.279M -629.0K -268.0K
Cash From Financing Activities -3.062M -13.75M -13.92M
Net Change In Cash -3.138M -9.548M -11.42M
YoY Change -75.53% -2567.18% 53.94%
FREE CASH FLOW
Cash From Operating Activities $1.203M $4.835M $2.763M
Capital Expenditures $1.275M $1.362M $1.263M
Free Cash Flow -$72.00K $3.473M $1.500M
YoY Change -101.54% -20.58% -76.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000886136
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 us-gaap Revenue Practical Expedient Remaining Performance Obligation
RevenuePracticalExpedientRemainingPerformanceObligation
true
CY2023Q1 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2023Q1 us-gaap Lessor Operating Lease Existence Of Option To Extend
LessorOperatingLeaseExistenceOfOptionToExtend
true
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2022Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2023Q1 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
CY2022Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity File Number
EntityFileNumber
1-11588
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
Saga Communications, Inc
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
FL
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
38-3042953
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6359000
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6123529
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27254000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36802000
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1090000
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
10210000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
10123000
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
14282000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17440000
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2880000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2479000
CY2023Q1 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
1165000
CY2022Q4 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
1015000
CY2023Q1 us-gaap Assets Current
AssetsCurrent
55791000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
67859000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
147151000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
146054000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
93838000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
987000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
92856000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6028000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53313000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53198000
CY2023Q1 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
90240000
CY2022Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
90307000
CY2023Q1 us-gaap Goodwill
Goodwill
19236000
CY2022Q4 us-gaap Goodwill
Goodwill
19236000
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9959000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10153000
CY2023Q1 us-gaap Assets
Assets
228539000
CY2022Q4 us-gaap Assets
Assets
240753000
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
2888000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2654000
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5014000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5623000
CY2023Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
1531000
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
13754000
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6934000
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
73 Kercheval Avenue
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Grosse Pointe Farms
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
MI
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
48236
CY2023Q1 dei City Area Code
CityAreaCode
313
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
886-7070
CY2023Q1 dei Security12b Title
Security12bTitle
Class A Common Stock, par value $.01 per share
CY2023Q1 dei Trading Symbol
TradingSymbol
SGA
CY2023Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 us-gaap Liabilities Current
LiabilitiesCurrent
17457000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
29377000
CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
25807000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
25737000
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6856000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7110000
CY2023Q1 us-gaap Liabilities
Liabilities
50120000
CY2022Q4 us-gaap Liabilities
Liabilities
62224000
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
78000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
78000
CY2023Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
71724000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
71664000
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
143285000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
143896000
CY2023Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
36668000
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
37109000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
178419000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
178529000
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
228539000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
240753000
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
25304000
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
24967000
CY2023Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
21703000
CY2022Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
20568000
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2616000
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2694000
CY2023Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-80000
CY2022Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
5000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
905000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1710000
CY2023Q1 us-gaap Interest Expense
InterestExpense
43000
CY2022Q1 us-gaap Interest Expense
InterestExpense
32000
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
289000
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
119000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1270000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1684000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
350000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
480000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
920000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1204000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6028000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5948000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5948000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
196919000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1204000
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
968000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
339000
CY2022Q1 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
248000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
197742000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
178529000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
920000
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1531000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
245000
CY2023Q1 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
256000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
178419000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4835000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5296000
CY2023Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
2067000
CY2023Q1 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
2067000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1362000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
923000
CY2023Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
616000
CY2022Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
7000
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-117000
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-629000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-921000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13754000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3988000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13754000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3988000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-9548000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
387000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36802000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54760000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27254000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55147000
CY2023Q1 sga Number Of Market Serving
NumberOfMarketServing
27
CY2023Q1 sga Number Of Fm Radio Stations
NumberOfFmRadioStations
79
CY2023Q1 sga Number Of Am Radio Stations
NumberOfAmRadioStations
33
CY2023Q1 sga Number Of Metro Signals
NumberOfMetroSignals
80
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
920000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1204000
CY2023Q1 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
14000
CY2022Q1 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
20000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
906000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1184000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6028000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5948000
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6028000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5948000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023Q1 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
10200000
CY2022Q4 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
10100000
CY2023Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
10200000
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
10000000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
526000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
519000
CY2022Q4 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets
57000
CY2023Q1 sga Number Of Radio Markets
NumberOfRadioMarkets
27
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
25304000
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
24967000
CY2023Q4 sga Number Of Board Of Directors
NumberOfBoardOfDirectors
8
CY2023Q1 sga Number Of Board Of Directors
NumberOfBoardOfDirectors
8
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6200000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6500000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
6400000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6800000
CY2023Q1 sga Increase In Operating Lease Assets
IncreaseInOperatingLeaseAssets
255000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
526000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
478000
CY2023Q1 us-gaap Lease Cost
LeaseCost
460000
CY2022Q1 us-gaap Lease Cost
LeaseCost
444000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1295000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1706000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1312000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1081000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
880000
CY2023Q1 sga Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
1282000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7556000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1108000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
6448000
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
0
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
5000
CY2023Q1 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Broadcast Licenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBroadcastLicenses
0
CY2022Q4 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Broadcast Licenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBroadcastLicenses
30000
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
0
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
27000
CY2023Q1 sga Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets
0
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
0
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
62000
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
0
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
0
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
0
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
0
CY2023Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
0
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
62000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
350000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
480000
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.276
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.285
CY2013Q4 sga Share Based Compensation Arrangement By Share Based Payment Award Options Exercise Price Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisePriceDescription
may not be exercised at a price which is less than 100% of the fair market value of shares at the date of grant
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
0
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
0
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
266000
CY2023Q1 sga Credit Facility Participation Fee And Fronting Fee Percentage
CreditFacilityParticipationFeeAndFrontingFeePercentage
0.0025
CY2023Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2023-03-01
CY2023Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2023-04-07
CY2023Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2023-03-20
CY2022Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-12-07
CY2022Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2023-01-13
CY2022Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-12-21
CY2022Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-09-20
CY2022Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-10-21
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-10-03
CY2022Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-06-06
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-06-13
CY2022Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-03-01
CY2022Q1 us-gaap Dividends
Dividends
970000
CY2022Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-04-08
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-21

Files In Submission

Name View Source Status
sga-20230331_def.xml Edgar Link unprocessable
sga-20230331_cal.xml Edgar Link unprocessable
0001558370-23-009124-index-headers.html Edgar Link pending
0001558370-23-009124-index.html Edgar Link pending
0001558370-23-009124.txt Edgar Link pending
0001558370-23-009124-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
sga-20230331.xsd Edgar Link pending
sga-20230331x10q.htm Edgar Link pending
sga-20230331xex31d1.htm Edgar Link pending
sga-20230331xex31d2.htm Edgar Link pending
sga-20230331xex32.htm Edgar Link pending
sga-20230331_lab.xml Edgar Link unprocessable
sga-20230331x10q_htm.xml Edgar Link completed
Show.js Edgar Link pending
sga-20230331_pre.xml Edgar Link unprocessable