XML 37 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
(16) Commitments and Contingencies

The Company leases property and equipment from third parties under five- to thirty-year operating leases. Lease expense was $4.4 million and $9.6 million for the years ended December 31, 2016 and 2017, respectively.

 

The Company also has various commitments for rating services, on-air personalities not employed by us, consultants and programming rights. As of December 31, 2017, future minimum payments to third parties for the next five years and thereafter are summarized as follows:

 

2018

    $ 28,963,773  

2019

      20,268,746  

2020

      13,597,974  

2021

      6,342,243  

2022

      4,607,611  

Thereafter

      9,010,637  
  

 

 

  

Total

    $ 82,790,984  
  

 

 

  

In the normal course of business, the Company is party to various legal matters. The ultimate disposition of these matters will not, in management’s judgment, have a material adverse effect on the Company’s financial position.