2015 Q4 Form 10-K Financial Statement

#000114420417013955 Filed on March 10, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $109.4M $115.9M $119.8M
YoY Change -0.32% 3.32% 10.52%
Cost Of Revenue $35.70M $32.79M $31.43M
YoY Change -0.83% -10.23% -7.36%
Gross Profit $73.60M $83.11M $88.40M
YoY Change -0.27% 9.86% 18.66%
Gross Profit Margin 67.29% 71.71% 73.77%
Selling, General & Admin $49.30M $41.46M $42.05M
YoY Change 9.07% 12.03% 25.71%
% of Gross Profit 66.98% 49.89% 47.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.30M $21.80M $20.20M
YoY Change 0.83% -11.02% -6.48%
% of Gross Profit 33.02% 26.23% 22.85%
Operating Expenses $58.30M $108.8M $95.03M
YoY Change 7.37% 17.48% 10.42%
Operating Profit -$11.31M $7.092M $24.79M
YoY Change -158.2% -63.74% 10.9%
Interest Expense -$20.40M $20.36M $20.02M
YoY Change 6.25% 5.2% 3.97%
% of Operating Profit 287.03% 80.76%
Other Income/Expense, Net $0.00 -$39.00K $437.0K
YoY Change -234.48% 1980.95%
Pretax Income -$31.70M -$13.19M -$2.732M
YoY Change -10666.67% -4828.32% -185.46%
Income Tax -$7.900M $4.439M $9.942M
% Of Pretax Income
Net Earnings -$24.35M -$18.15M -$13.04M
YoY Change 81.02% 37.25% 20.55%
Net Earnings / Revenue -22.26% -15.66% -10.88%
Basic Earnings Per Share -$0.50 -$0.38 -$0.27
Diluted Earnings Per Share -$0.50 -$0.38 -$0.27
COMMON SHARES
Basic Shares Outstanding 48.22M shares 48.06M shares
Diluted Shares Outstanding 48.22M shares 48.06M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.40M $59.20M $60.50M
YoY Change -0.59% 3.5% -3.35%
Cash & Equivalents $67.38M $59.16M $60.47M
Short-Term Investments
Other Short-Term Assets $4.711M $4.023M $3.142M
YoY Change -9.14% 28.98% 1.81%
Inventory
Prepaid Expenses $7.650M $6.741M $5.969M
Receivables $105.2M $100.3M $99.61M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $213.6M $201.3M $198.3M
YoY Change 5.77% 6.8% 2.74%
LONG-TERM ASSETS
Property, Plant & Equipment $29.28M $30.03M $30.64M
YoY Change -5.48% -5.76% -6.51%
Goodwill $258.3M $261.4M $275.9M
YoY Change -6.2% -4.86% 0.43%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.49M $13.77M $13.77M
YoY Change 242.86% 287.48% 271.99%
Total Long-Term Assets $1.133B $1.162B $1.186B
YoY Change -4.78% -3.42% -2.26%
TOTAL ASSETS
Total Short-Term Assets $213.6M $201.3M $198.3M
Total Long-Term Assets $1.133B $1.162B $1.186B
Total Assets $1.347B $1.363B $1.384B
YoY Change -3.25% -2.04% -1.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.464M $3.623M $5.754M
YoY Change 28.2% -53.94% -16.04%
Accrued Expenses $31.40M $27.70M $30.80M
YoY Change 49.52% 97.86% 40.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.500M $2.625M $2.625M
YoY Change -8.59% -31.44% -31.44%
Total Short-Term Liabilities $83.41M $67.49M $70.50M
YoY Change 33.34% 18.65% 18.33%
LONG-TERM LIABILITIES
Long-Term Debt $1.021B $1.021B $1.021B
YoY Change 26.09% 25.01% 24.88%
Other Long-Term Liabilities $29.03M $27.76M $30.47M
YoY Change 37.76% 45.99% 53.89%
Total Long-Term Liabilities $1.050B $1.049B $1.051B
YoY Change 26.39% 25.48% 25.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.41M $67.49M $70.50M
Total Long-Term Liabilities $1.050B $1.049B $1.051B
Total Liabilities $1.407B $1.400B $1.403B
YoY Change 21.27% 22.09% 22.63%
SHAREHOLDERS EQUITY
Retained Earnings -$1.056B -$1.037B -$1.019B
YoY Change 6.89% 6.48% 6.06%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$71.82M -$48.47M -$31.32M
YoY Change
Total Liabilities & Shareholders Equity $1.347B $1.363B $1.384B
YoY Change -3.25% -2.04% -1.58%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income -$24.35M -$18.15M -$13.04M
YoY Change 81.02% 37.25% 20.55%
Depreciation, Depletion And Amortization $24.30M $21.80M $20.20M
YoY Change 0.83% -11.02% -6.48%
Cash From Operating Activities $11.60M $2.100M $27.60M
YoY Change -50.64% -58.82% 14.05%
INVESTING ACTIVITIES
Capital Expenditures -$1.300M $1.495M $1.586M
YoY Change 18.18% -224.58% -193.29%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$214.3M
YoY Change -100.0% -100.0% -214400.0%
Cash From Investing Activities -$1.400M -$1.500M -$215.9M
YoY Change -54.84% 66.67% 13393.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.000M -1.900M 187.7M
YoY Change -74.03% -79.35% -2334.52%
NET CHANGE
Cash From Operating Activities 11.60M 2.100M 27.60M
Cash From Investing Activities -1.400M -1.500M -215.9M
Cash From Financing Activities -2.000M -1.900M 187.7M
Net Change In Cash 8.200M -1.300M -600.0K
YoY Change -35.43% -74.0% -104.23%
FREE CASH FLOW
Cash From Operating Activities $11.60M $2.100M $27.60M
Capital Expenditures -$1.300M $1.495M $1.586M
Free Cash Flow $12.90M $605.0K $26.01M
YoY Change -47.56% -90.4% 0.44%

Facts In Submission

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CY2013Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
56676000 USD
CY2015Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
67376000 USD
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CY2014 us-gaap Interest Paid
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346000 USD
CY2014 us-gaap Income Taxes Paid
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1016000 USD
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0 USD
CY2014 us-gaap Proceeds From Sale Of Property Held For Sale
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225000 USD
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-219261000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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-15100000 USD
CY2015 us-gaap Payments Of Financing Costs
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23480000 USD
CY2014 us-gaap Payments Of Financing Costs
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4685000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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1423000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
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125000 USD
CY2015 us-gaap Payments To Acquire Investments
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5000000 USD
CY2014 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2015 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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209855000 USD
CY2014 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
0 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
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350000000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2015 us-gaap Repayments Of Secured Debt
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119000000 USD
CY2014 us-gaap Repayments Of Secured Debt
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0 USD
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11872000 USD
CY2014 us-gaap Notes Assumed1
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0 USD
CY2015 roia Payments Of Dividends Minority Interest3
PaymentsOfDividendsMinorityInterest3
2001000 USD
CY2014 roia Payments Of Dividends Minority Interest3
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0 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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34247000 USD
CY2016 us-gaap Amortization Of Financing Costs
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5272000 USD
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52511000 USD
CY2016 roia Amortization Of Launch Assets
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142000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
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9114000 USD
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3410000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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-833000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1894000 USD
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-572000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
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-909000 USD
CY2016 us-gaap Increase Decrease In Interest Payable Net
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-675000 USD
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2270000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
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47000 USD
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6191000 USD
CY2016 us-gaap Payments To Acquire Other Productive Assets
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61181000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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5164000 USD
CY2016 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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0 USD
CY2016 us-gaap Payments To Acquire Marketable Securities
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0 USD
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0 USD
CY2016 roia Premium Paid On Repayment Of Long Term Debt
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0 USD
CY2016 roia Payments Of Dividends Minority Interest2
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0 USD
CY2016 us-gaap Repayments Of Lines Of Credit
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3500000 USD
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CY2016Q4 us-gaap Cash Cash Equivalents And Short Term Investments
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46781000 USD
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77038000 USD
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475000 USD
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0 USD
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421000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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3584000 USD
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0 USD
CY2016 us-gaap Payments To Acquire Investments
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35000000 USD
CY2016 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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0 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
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0 USD
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11286000 USD
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22421000 USD
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0 USD
CY2016 roia Payments Of Dividends Minority Interest3
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2001000 USD
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0 USD
CY2014 us-gaap Payments To Acquire Businesses Gross
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9140000 USD
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61000 USD
CY2016Q4 roia Launch Assets Amortization Expense Year Three
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193000 USD
CY2016Q4 roia Launch Assets Amortization Expense Year Four
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193000 USD
CY2016Q4 roia Launch Assets Amortization Expense Year Five
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193000 USD
CY2016Q4 roia Launch Assets Amortization Expense Next Twelve Months
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204000 USD
CY2016Q4 roia Launch Assets Amortization Expense Year Two
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193000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
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12410000 USD
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133942000 USD
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CY2015Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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97442000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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17653000 USD
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0 USD
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129202000 USD
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181713000 USD
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26300000 USD
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27100000 USD
CY2016 us-gaap Amortization Of Intangible Assets
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26200000 USD
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582000 USD
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0 USD
CY2014 us-gaap Goodwill Impairment Loss
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0 USD
CY2016 us-gaap Payments To Acquire Businesses Gross
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2000000 USD
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-1058000 USD
CY2014 roia Increase Decrease Of Launch Support
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0 USD
CY2015 roia Increase Decrease Of Launch Support
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-670000 USD
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0 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
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200000 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2015 roia Payment Of Launch Support
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670000 USD
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1581000 USD
CY2015Q4 roia Launch Assets Non Current
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665000 USD
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1784000 USD
CY2015Q4 roia Launch Assets Gross
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726000 USD
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203000 USD
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65799000 USD
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314469000 USD
CY2015Q4 roia Content Assets Non Current Gross
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274731000 USD
CY2016Q4 roia Content Assets Completed
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249561000 USD
CY2015Q4 roia Content Assets Completed
ContentAssetsCompleted
194035000 USD
CY2016Q4 roia Content Assets Inproduction
ContentAssetsInproduction
13685000 USD
CY2015Q4 roia Content Assets Inproduction
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14897000 USD
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ContentAssetsAccumulatedAmortization
211793000 USD
CY2015Q4 roia Content Assets Accumulated Amortization
ContentAssetsAccumulatedAmortization
197849000 USD
CY2016Q4 roia Content Assets Current And Non Current
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102676000 USD
CY2015Q4 roia Content Assets Current And Non Current
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76882000 USD
CY2015Q4 roia Deferred Barter Revenue Current
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1049000 USD
CY2016Q4 roia Deferred Barter Revenue Current
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1337000 USD
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8693000 USD
CY2015Q4 us-gaap Deferred Revenue Current
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7491000 USD
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736000 USD
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646000 USD
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2511000 USD
CY2015Q4 us-gaap Other Employee Related Liabilities Current
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1898000 USD
CY2016Q4 roia Accrued National Representative Fees Current
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563000 USD
CY2015Q4 roia Accrued National Representative Fees Current
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708000 USD
CY2016Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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223000 USD
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428000 USD
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689000 USD
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642000 USD
CY2016Q4 roia Tenant Allowance Current
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115000 USD
CY2015Q4 roia Tenant Allowance Current
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230000 USD
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11780000 USD
CY2015Q4 us-gaap Other Sundry Liabilities Current
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11551000 USD
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0 USD
CY2015Q4 roia Incentive Award Plan Current
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1506000 USD
CY2016Q4 roia Reassessed Estimated Fair Value Of Award
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27000000 USD
CY2015Q4 roia Reassessed Estimated Fair Value Of Award
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20900000 USD
CY2016Q4 us-gaap Long Term Debt
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CY2015Q4 us-gaap Long Term Debt
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15386000 USD
CY2015Q4 roia Longterm Portion Of Original Issue Discount
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20785000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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3604000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-2775000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
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534000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-3437000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-719000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1123000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
4791000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
600000 USD
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739000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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198000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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206000 USD
CY2016 roia Income Tax Reconciliation Non Deductible Expense Interest
IncomeTaxReconciliationNonDeductibleExpenseInterest
0 USD
CY2015 roia Income Tax Reconciliation Non Deductible Expense Interest
IncomeTaxReconciliationNonDeductibleExpenseInterest
0 USD
CY2014 roia Income Tax Reconciliation Non Deductible Expense Interest
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799000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-139797000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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23170000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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35951000 USD
CY2016 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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0 USD
CY2015 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
2152000 USD
CY2014 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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6752000 USD
CY2016 roia Income Tax Reconciliation Nondeductible Net Operating Losses Adjustments
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0 USD
CY2015 roia Income Tax Reconciliation Nondeductible Net Operating Losses Adjustments
IncomeTaxReconciliationNondeductibleNetOperatingLossesAdjustments
0 USD
CY2014 roia Income Tax Reconciliation Nondeductible Net Operating Losses Adjustments
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4724000 USD
CY2016 roia Incometax Reconciliation Nondeductible Expense Forfeiture Of Stock Based Compensation
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56000 USD
CY2015 roia Incometax Reconciliation Nondeductible Expense Forfeiture Of Stock Based Compensation
IncometaxReconciliationNondeductibleExpenseForfeitureOfStockBasedCompensation
189000 USD
CY2014 roia Incometax Reconciliation Nondeductible Expense Forfeiture Of Stock Based Compensation
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61000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
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1184000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2014 us-gaap Income Tax Reconciliation Tax Contingencies
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153000 USD
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41000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
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232000 USD
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-12023000 USD
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109384000 USD
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15593000 USD
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41000 USD
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0 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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6103000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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0 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
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158000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
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0 USD
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7212000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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15161000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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31402000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
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308000 USD
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572000 USD
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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2854000 USD
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558000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1902000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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5071000 USD
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5800000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
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4036000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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5224000 USD
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1764000 USD
CY2015 roia Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions
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-1188000 USD
CY2014 roia Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions
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0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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153000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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241800000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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381600000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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3800000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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1800000 USD
CY2016 roia Operating Expenses Excluding Depreciation Amortization And Impairment Charges And Including Stock Based Compensation
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332541000 USD
CY2015 roia Operating Expenses Excluding Depreciation Amortization And Impairment Charges And Including Stock Based Compensation
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338128000 USD
CY2014 roia Operating Expenses Excluding Depreciation Amortization And Impairment Charges And Including Stock Based Compensation
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327400000 USD
CY2015Q3 us-gaap Operating Income Loss
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7092000 USD
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24787000 USD
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105763000 USD
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Revenues
119821000 USD
CY2015Q3 us-gaap Revenues
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115893000 USD
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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47608038 shares
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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48062991 shares
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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48220262 shares
CY2015Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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48220262 shares
CY2014Q3 us-gaap Revenues
Revenues
112171000 USD
CY2014Q4 us-gaap Revenues
Revenues
109730000 USD
CY2014Q2 us-gaap Revenues
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RADIO ONE, INC.
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0 USD
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0 USD
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3753000 USD
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142801000 USD

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