XML 53 R33.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Note 10 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 106 |  |  | $ | 73 |  |  | $ | 148 |
State and local |  |  | 20 |  |  |  | 12 |  |  |  | 31 |
Current income tax expense |  |  | 126 |  |  |  | 85 |  |  |  | 179 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (6 | ) |  |  | (76 | ) |  |  | (21 | )
State and local |  |  | (3 | ) |  |  | (15 | ) |  |  | 1 |
Deferred income tax benefit |  |  | (9 | ) |  |  | (91 | ) |  |  | (20 | )
Total income tax (benefit) expense |  | $ | 117 |  |  | $ | (6 | ) |  | $ | 159 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Net book value of property and equipment |  | $ | 135 |  |  | $ | 149 |
Broadcast licenses, goodwill and other intangible assets |  |  | 1,340 |  |  |  | 1,338 |
Other |  |  | 6 |  |  |  | 3 |
Total deferred tax liabilities |  |  | 1,481 |  |  |  | 1,490 |
Deferred tax assets: |  |  |  |  |  |  |  |
Liability for compensated absences |  |  | 6 |  |  |  | 6 |
Liability for accrued bonus |  |  | 12 |  |  |  | 13 |
Liability under health and welfare plan |  |  | 2 |  |  |  | 3 |
State and local operating loss carryforwards |  |  | 11 |  |  |  | 7 |
Unearned income |  |  | 4 |  |  |  | 2 |
Restricted stock |  |  | 3 |  |  |  | 2 |
Investments |  |  | 7 |  |  |  | 3 |
Interest expense limitation |  |  | 76 |  |  |  | 88 |
Other comprehensive income |  |  | 8 |  |  |  | 6 |
Other |  |  | 12 |  |  |  | 10 |
Total deferred tax assets |  |  | 141 |  |  |  | 140 |
Valuation allowance for deferred tax assets |  |  | (7 | ) |  |  | (9 | )
Net deferred tax assets |  |  | 134 |  |  |  | 131 |
|  | $ | 1,347 |  |  | $ | 1,359 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Statutory federal rate applied to income before income tax expense |  | $ | 103 |  |  | $ | (17 | ) |  | $ | 129 |
Current year permanent items |  |  | 6 |  |  |  | 11 |  |  |  | 5 |
State and local taxes, net of federal tax benefit |  |  | 21 |  |  |  | (4 | ) |  |  | 26 |
Change in valuation allowance |  |  | (1 | ) |  |  | (1 | ) |  |  | - |
Reserve for uncertain tax positions |  |  | (14 | ) |  |  | 1 |  |  |  | - |
Other items, net |  |  | 2 |  |  |  | 4 |  |  |  | (1 | )
Income tax (benefit) expense as recorded |  | $ | 117 |  |  | $ | (6 | ) |  | $ | 159 |
Effective income tax rate |  |  | 24 | % |  |  | 7 | % |  |  | 26 | %
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Balance at beginning of period |  | $ | 14 |  |  | $ | 15 |  |  | $ | 15 |
Statute expirations |  |  | (14 | ) |  |  | (1 | ) |  |  | - |
Balance at end of period |  | $ | - |  |  | $ | 14 |  |  | $ | 15 |

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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