XML 42 R29.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Acquisitions and Dispositions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Summary of Pro forma Information | The following unaudited pro forma information for the years ended December 31, 2017 and 2018 assumes that the acquisitions and dispositions had occurred on January 1, 2017. The significant pro forma adjustments are depreciation and interest expense. This unaudited pro forma information has been prepared based on estimates and assumptions, which management believes are reasonable, and is not necessarily indicative of what would have occurred had the acquisition been completed on January 1, 2017 or of results that may occur in the future.
|  | Year ended December 31, |
|  | 2017 |  |  | 2018 |
Net revenue |  | $ | 262,237,250 |  |  | $ | 263,483,963 |
Operating income |  |  | 44,592,524 |  |  |  | 42,718,429 |
Net income |  |  | 11,983,819 |  |  |  | 16,307,717 |
Basic and diluted net income per share |  |  | 0.43 |  |  |  | 0.59 |
CBS Radio Stations Inc., Entercom Boston LLC and The Entercom Divestiture Trust [Member] |
Schedule of Purchase Price Allocation | The asset allocation is summarized as follows:
Property and equipment |  | $ | 806,970 |
FCC broadcasting license |  |  | 35,943,600 |
Goodwill |  |  | 11,882,030 |
Other intangibles |  |  | 267,400 |
Fair value of assets received |  |  | 48,900,000 |
Less cash consideration |  |  | (12,000,000 | )
|  |  | 36,900,000 |
Carrying amount of assets of exchanged radio station |  |  | (25,096,415 | )
Gain on exchange |  | $ | 11,803,585 |
Schedule of Assumptions Used in Valuation of FCC Broadcasting Licenses | The key assumptions used in the valuation of the FCC broadcasting licenses are as follows:
Revenue growth rates |  | (0.5)% – 2.4%
Market revenue shares at maturity |  | 5.3%
Operating income margins at maturity |  | 36.0%
Discount rate |  | 9.0%
WXTU-FM [Member] |
Schedule of Purchase Price Allocation | The purchase price allocation is summarized as follows:
Property and equipment |  | $ | 357,734 |
FCC broadcasting license |  |  | 27,346,200 |
Goodwill |  |  | 10,102,183 |
Other intangibles |  |  | 193,883 |
|  | $ | 38,000,000 |
Schedule of Assumptions Used in Valuation of FCC Broadcasting Licenses | The key assumptions used in the valuation of the FCC broadcasting licenses are as follows:
Revenue growth rates |  | 0.6% - 1.3%
Market revenue shares at maturity |  | 5.4%
Operating income margins at maturity |  | 30.5%
Discount rate |  | 9.0%

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=bbgi_CbsRadioStationsIncEntercomBostonLlcAndTheEntercomDivestitureTrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=bbgi_WxtufmMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |