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Discontinued Operations (Tables) - Joplin, Missouri and Victoria, Texas Television Stations [Member]
 9 Months Ended
Sep. 30, 2018
Disposal Groups, Including Discontinued Operations
The following table shows the components of the results from discontinued operations associated with the Television Sale as reflected in the Company’s unaudited Condensed Consolidated Statements of Operations (in thousands):
 
 
 
Three Months Ended

September 30,
 
 
Nine Months Ended

September 30,
 
 
 
2018
(3)
 
 
2017
(3)
 
 
2018
(3)
 
 
2017
(3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenue
 
$
—
 
 
$
3,296
 
 
$
—
 
 
$
14,238
 
Station operating expense
 
 
—
 
 
 
2,372
 
 
 
—
 
 
 
9,727
 
Other operating (income) expense
 
 
—
 
 
 
—
 
 
 
—
 
 
 
31
 
Operating income
 
 
—
 
 
 
924
 
 
 
—
 
 
 
4,480
 
Interest Expense
(1)
 
 
—
 
 
 
5
 
 
 
—
 
 
 
21
 
Income before income taxes
 
 
—
 
 
 
919
 
 
 
—
 
 
 
4,459
 
Pretax gain on the disposal of discontinued operations
 
 
—
 
 
 
50,842
 
 
 
—
 
 
 
50,842
 
Total pretax gain on discontinued operations
 
 
—
 
 
 
51,761
 
 
 
—
 
 
 
55,301
 
Income tax expense
(2)
 
 
—
 
 
 
21,310
 
 
 
—
 
 
 
22,800
 
Income from discontinued operations, net of tax
 
$
—
 
 
$
30,451
 
 
$
—
 
 
$
32,501
 
 
 
(1)
Interest expense related to Surtsey Media, LLC debt that is guaranteed by the Television stations. Our affiliate repaid this loan when the television stations were sold on September 1, 2017.
 
(2)
The effective tax rates on pretax income from discontinued operations were 41%.
 
(3)
Results of operations for the Television stations are reflected through August 31, 2017. The effective date of the sale was September 1, 2017.
Disclosure Of Condensed Consolidated Statements of Cash Flows
The following table represents the components of the results from discontinued operations associated with the Television Sale as reflected in the Company’s unaudited Condensed Consolidated Statements of Cash Flows (in thousands):
 
 
 
September 30,

2018
 
 
September 30,

2017
 
Significant operating non-cash items
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
—
 
 
$
445
 
Broadcast program rights amortization
 
 
—
 
 
 
418
 
Barter revenue, net
 
 
—
 
 
 
18
 
Loss on sale of assets
 
 
—
 
 
 
31
 
 
 
 
 
 
 
 
 
 
Significant investing items
 
 
 
 
 
 
 
 
Acquisition of property and equipment
 
$
—
 
 
$
125
 
Net proceeds from sale of television stations (1)
 
 
—
 
 
 
69,528
 
 
(1)
Net proceeds from the sale of the television stations reflect the sale price of $66.6 million, and the proceeds from sale of accounts receivable of approximately $3.4 million, offset by certain closing adjustments and transactional costs of approximately $500 thousand.