XML 65 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 45,804 $ 56,676
Short-term investments 307 2,292
Trade accounts receivable, net of allowance for doubtful accounts of $4,630 and $4,393, respectively 96,182 98,323
Prepaid expenses 3,815 5,467
Current portion of content assets 31,424 26,637
Other current assets 3,293 3,108
Total current assets 180,825 192,503
CONTENT ASSETS, net 38,509 36,157
PROPERTY AND EQUIPMENT, net 33,477 34,353
GOODWILL 274,749 272,037
RADIO BROADCASTING LICENSES 666,797 659,824
LAUNCH ASSETS, net 10,071 12,563
OTHER INTANGIBLE ASSETS, net 195,345 202,593
OTHER ASSETS 6,721 4,325
Total assets 1,406,494 1,414,355 [1]
CURRENT LIABILITIES:    
Accounts payable 7,245 7,293
Accrued interest 4,936 5,831
Accrued compensation and related benefits 8,317 13,955
Current portion of content payables 13,763 14,359
Other current liabilities 13,758 16,176
Current portion of long-term debt 3,840 3,840
Current deferred tax liabilities 1,269 1,200
Total current liabilities 53,128 62,654
LONG-TERM DEBT, net of current portion and original issue discount 819,196 811,795
CONTENT PAYABLES, net of current portion 15,539 8,399
OTHER LONG-TERM LIABILITIES 19,810 20,288
DEFERRED TAX LIABILITIES, net 225,393 214,245
Total liabilities 1,133,066 1,117,381
REDEEMABLE NONCONTROLLING INTERESTS 11,455 11,999
STOCKHOLDERS' EQUITY:    
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at March 31, 2014 and December 31, 2013, respectively 0 0
Accumulated other comprehensive loss (93) (213)
Additional paid-in capital 1,003,715 1,003,116
Accumulated deficit (950,185) (925,002)
Total stockholders' equity 53,485 77,949
Noncontrolling interest 208,488 207,026
Total equity 261,973 284,975
Total liabilities, redeemable noncontrolling interests and equity 1,406,494 1,414,355
Common Class A [Member]
    
STOCKHOLDERS' EQUITY:    
Common stock value 3 3
Common Class B [Member]
    
STOCKHOLDERS' EQUITY:    
Common stock value 3 3
Common Class C [Member]
    
STOCKHOLDERS' EQUITY:    
Common stock value 3 3
Common Class D [Member]
    
STOCKHOLDERS' EQUITY:    
Common stock value $ 39 $ 39
[1] The prior year disclosure has been corrected to properly reflect the classification of assets within each reportable segment at December 31, 2013.