v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets Abstract    
Cash and cash equivalents $ 6,741 $ 3,625
Accounts receivable, net of allowance for doubtful accounts 74,477 69,053
Prepaid expenses, deposits and other 5,569 5,376
Prepaid and refundable federal and state income taxes 61 317
Deferred tax assets 3,035 3,035
Total current assets 89,883 81,406
Investments 0 0
Net property and equipment 53,921 58,368
Radio broadcasting licenses 718,355 715,902
Goodwill 39,103 38,891
Deferred charges and other assets, net of accumulated amortization 22,327 24,702
TOTAL ASSETS 923,589 919,269
Liabilities Abstract    
Accounts payable 177 404
Accrued expenses 16,007 12,509
Accrued compensation and other current liabilities 13,740 14,682
Financing method lease obligations, current portion 12,610 0
Long-term debt, current portion 15,738 3,778
Total current liabilities 58,272 31,373
Long-term debt, net of current portion 595,092 598,446
Financing method lease obligations 0 12,610
Deferred tax liabilities 6,548 11,317
Other long-term liabilities 14,447 14,379
Total long-term liabilities 616,087 636,752
Total liabilities 674,359 668,125
CONTINGENCIES AND COMMITMENTS      
SHAREHOLDERS' EQUITY:    
Preferred stock 0 0
Common stock 385 382
Additional paid-in capital 599,657 597,327
Accumulated deficit (350,812) (346,565)
Accumulated other comprehensive income (loss) 0 0
Total shareholders' equity 249,230 251,144
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 923,589 $ 919,269