XML 30 R16.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Note 9 - Commitments and Contingencies | 12 Months Ended
--- | ---
Dec. 31, 2015
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] |
9. | Commitments and Contingencies
We have various contractual and other commitments requiring future payments. These commitments include amounts required to be paid for the acquisition of television stations; for the purchase of equipment; for operating lease commitments for equipment, land and office space; for commitments for various syndicated television programs; and for commitments under affiliation agreements with networks. Future minimum payments for these commitments as of December 31, 2015 are as follows (in thousands):
Year |  | 2016 Acquisitions |  |  | Equipment |  |  | Operating Leases |  |  | Syndicated Television Programming |  |  | Network Affiliation Agreements |  |  | Total |
2016 |  | $ | 415,300 |  |  | $ | 17 |  |  | $ | 2,286 |  |  | $ | 3,923 |  |  | $ | 88,737 |  |  | $ | 510,263 |
2017 |  |  | - |  |  |  | - |  |  |  | 2,021 |  |  |  | 11,151 |  |  |  | 105,038 |  |  |  | 118,210 |
2018 |  |  | - |  |  |  | - |  |  |  | 1,860 |  |  |  | 7,039 |  |  |  | 117,455 |  |  |  | 126,354 |
2019 |  |  | - |  |  |  | - |  |  |  | 1,673 |  |  |  | 719 |  |  |  | 71,418 |  |  |  | 73,810 |
2020 |  |  | - |  |  |  | - |  |  |  | 1,508 |  |  |  | 688 |  |  |  | 30,666 |  |  |  | 32,862 |
Thereafter |  |  | - |  |  |  | - |  |  |  | 4,079 |  |  |  | 1,051 |  |  |  | 5,300 |  |  |  | 10,430 |
Total |  | $ | 415,300 |  |  | $ | 17 |  |  | $ | 13,427 |  |  | $ | 24,571 |  |  | $ | 418,614 |  |  | $ | 871,929 |
The amounts in the table above are estimates of commitments that are in addition to the liabilities accrued for on our consolidated balance sheet as of December 31, 2015. The amount presented for “2016 Acquisitions” represents our net obligations under the Schurz Acquisition and Related Transactions as of December 31, 2015. These transactions were completed on February 16, 2016. For additional information on these transactions see Note 11 “Subsequent Events”. Leases We have no material capital leases. Where leases include rent holidays, rent escalations, rent concessions and leasehold improvement incentives, the value of these incentives are amortized over the lease term including anticipated renewal periods. Leasehold improvements are depreciated over the associated lease term including anticipated renewal periods. Rent expense resulting from operating leases for the years ended December 31, 2015, 2014 and 2013 were $2.8 million, $2.2 million and $1.6 million, respectively. Legal Proceedings and Claims We are and expect to continue to be subject to legal actions, proceedings and claims that arise in the normal course of our business. In the opinion of management, the amount of ultimate liability, if any, with respect to these known actions, proceedings and claims will not materially affect our financial position, results of operations or cash flows, although legal proceedings are subject to inherent uncertainties, and unfavorable rulings or events could occur that could negatively affect us, possibly materially.

X
- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308 + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration