v2.3.0.15

ACQUISITIONS, DIVESTITURES AND PRO FORMA SUMMARY (Tables) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2011 | Sep. 30, 2011
Business Combinations [Abstract] |  |
Schedule of aggregate purchase price, excluding transaction costs |  |
Description |  | Amount |  | Useful Lives
|  | (in thousands) |  |
Leasehold improvements | $ | 113 |  | 3.8 to 7.5 years
Furniture and equipment |  | 69 |  | less than 1 year to 3 years
Equipment |  | 463 |  | 3 to 5 years
Total tangible assets |  | 645 |  |
Income agreements |  | 200 |  | 3.8 to 4.6 years
Advertiser lists and customer relationships |  | 161 |  | 3 years
Acquired advertising contracts |  | 59 |  | less than 1 year
Broadcasting licenses |  | 8,050 |  | non-amortizing
Goodwill |  | 723 |  | non-amortizing
Total intangible assets |  | 9,193 |  |
Total assets |  | 9,838 |  |
Unfavorable lease liability |  | (765) |  | 7.5 years
Asset retirement liabilities |  | (73) |  | 3.8 to 7.5 years
Net assets acquired | $ | 9,000 |  |
Schedule of merger and acquisition costs |  |
| Nine Months Ended
| September 30,
| 2011
| (amounts in thousands)
Merger expenses (legal and advisory expenses) | $ | 767
Lease abandonment expense |  | 775
Merger and acquisition costs | $ | 1,542
Schedule of unaudited pro forma summary of financial information |
| Three Months Ended
| September 30,
| 2011 |  | 2010
| (amounts in thousands, except per share data)
| Pro Forma |  | Pro Forma
Net revenues | $ | 100,429 |  | $ | 104,041
Net income | $ | 7,959 |  | $ | 11,414
Net income per common share - basic | $ | 0.22 |  | $ | 0.32
Net income per common share - diluted | $ | 0.21 |  | $ | 0.31
| Nine Months Ended
| September 30,
| 2011 |  | 2010
| (amounts in thousands, except per share data)
| Pro Forma |  | Pro Forma
Net revenues | $ | 287,772 |  | $ | 293,084
Net income | $ | 58,451 |  | $ | 30,804
Net income per common share - basic | $ | 1.61 |  | $ | 0.86
Net income per common share - diluted | $ | 1.55 |  | $ | 0.82

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- 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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 805 -SubTopic 30 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e6927-128479 + Details
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