v2.4.0.6
CONTINGENCIES, GUARANTOR ARRANGEMENTS AND COMMITMENTS (Tables)
 12 Months Ended
Dec. 31, 2012
Commitments And Contingencies Guarantor Disclosure [Abstract]  
Scehdule of Rent Expense
  Years Ended December 31,
  2012 2011 2010
  (amounts in thousands)
          
Rent Expense $ 12,748 $ 12,719 $ 12,072
Schedule of Contracts and Commitments
    Programming   
 Operating And Related   
 Leases Contracts Total
 (amounts in thousands)
Years ending December 31,        
2013$ 12,717 $ 67,902 $ 80,619
2014  11,594   43,989   55,583
2015  10,365   28,129   38,494
2016  8,938   24,238   33,176
2017  7,643   2,228   9,871
Thereafter  21,125   1,210   22,335
 $ 72,382 $ 167,696 $ 240,078
Schedule of Condensed Parent Company Balance Sheet
 ENTERCOM COMMUNICATIONS CORP.
 CONDENSED PARENT COMPANY BALANCE SHEETS
 (amounts in thousands)
        
   2012 2011
 ASSETS      
        
 Current Assets $ 1,968 $ 2,580
 Property And Equipment - Net   895   647
 Deferred Charges And      
  Other Assets - Net   1,991   2,473
 Investment In Subsidiaries / Intercompany   284,584   266,502
 TOTAL ASSETS $ 289,438 $ 272,202
        
 LIABILITIES AND      
 SHAREHOLDERS' EQUITY      
 Current Liabilities $ 9,697 $ 10,031
 Long Term Liabilities   15,024   13,260
 Total Liabilities   24,721   23,291
 Shareholders' Equity:      
  Class A, B and C Common Stock   384   382
  Additional Paid-In Capital    601,847   597,327
  Accumulated Deficit   (337,514)   (348,798)
 Total shareholders' equity   264,717   248,911
 TOTAL LIABILITIES AND       
  SHAREHOLDERS' EQUITY $ 289,438 $ 272,202
        
 See notes to condensed Parent Company financial statements.
Schedule of Condensed Parent Company Income Statement
ENTERCOM COMMUNICATIONS CORP.
CONDENSED PARENT COMPANY INCOME STATEMENTS
(amounts in thousands)
          
  YEARS ENDED DECEMBER 31,
  2012 2011 2010
          
NET REVENUES $ 659 $ 652 $ 626
          
OPERATING (INCOME) EXPENSE:         
Depreciation and amortization expense   920   852   1,287
Corporate general and administrative expenses   25,717   26,464   21,811
Merger and acquisition costs   -   1,542   -
Net (gain) loss on sale or disposal of assets   -   (28)   (63)
Total operating expense    26,637   28,830   23,035
OPERATING INCOME (LOSS)   (25,978)   (28,178)   (22,409)
          
Net interest expense, including amortization         
of deferred financing expense   (46)   58   1
Other income   (118)   (32)   (49)
Income from equity investment in subsidiaries   (49,556)   (80,270)   (89,392)
TOTAL OTHER (INCOME) EXPENSE   (49,720)   (80,244)   (89,440)
          
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT)   23,742   52,066   67,031
          
INCOME TAXES (BENEFIT)   12,474   (14,211)   20,595
NET INCOME (LOSS) $ 11,268 $ 66,277 $ 46,436
          
See notes to condensed Parent Company financial statements.
Schedule of Condensed Parent Company Comprehensive Income
ENTERCOM COMMUNICATIONS CORP.
PARENT COMPANY STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(amounts in thousands)
         
    
 YEARS ENDED DECEMBER 31,
 2012 2011 2010
         
NET INCOME (LOSS)$11,268  $66,277  $46,436
         
OTHER COMPREHENSIVE INCOME (LOSS),        
NET OF TAXES (BENEFIT):        
         
Net unrealized gain (loss) on derivatives,        
net of taxes (benefit) 0   7,277   6,155
         
COMPREHENSIVE INCOME (LOSS)$11,268  $73,554  $52,591
         
See notes to condensed Parent Company financial statements.
Schedule of Condensed Parent Company Shareholder's Equity
ENTERCOM COMMUNICATIONS CORP.
PARENT COMPANY STATEMENTS OF SHAREHOLDERS' EQUITY
YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010
(amounts in thousands, except share data)
 
             Retained Accumulated   
 Common Stock Additional Earnings Other   
 Class A Class B Paid-in (AccumulatedComprehensive  
 Shares Amount Shares Amount Capital Deficit) Income (Loss) Total
Balance, December 31, 2009 29,755,161 $ 297  7,457,532 $ 75 $ 588,622 $ (461,610) $ (13,432) $ 113,952
Net income (loss) -   -  -   -   -   46,436   -   46,436
Conversion of Class B common stock                      
to Class A common stock 90,000   1  (90,000)   (1)   -   -   -   -
Compensation expense related to granting                     
of stock options -   -  -   -   549   -   -   549
Compensation expense related to granting                     
of restricted stock units 941,213   10  -   -   4,969   -   -   4,979
Exercise of stock options 97,725   1  -   -   129   -   -   130
Purchase of vested employee restricted                      
stock units (183,531)   (2)  -   -   (1,626)   -   -   (1,628)
Forfeitures of dividend equivalents -   -  -   -   -   94   -   94
Net unrealized gain (loss) on derivatives -   -  -   -   -   -   6,155   6,155
Balance, December 31, 2010 30,700,568   307  7,367,532   74   592,643   (415,080)   (7,277)   170,667
Net income (loss) -   -  -   -   -   66,277   -   66,277
Conversion of Class B common stock                      
to Class A common stock 170,000   2  (170,000)   (2)   -   -   -   -
Compensation expense related to granting                     
of stock options -   -  -   -   462   -   -   462
Compensation expense related to granting                     
of restricted stock units 416,906   4  -   -   7,205   -   -   7,209
Exercise of stock options 53,625   -  -   -   71   -   -   71
Purchase of vested employee restricted                     
stock units (297,098)   (3)  -   -   (3,054)   -   -   (3,057)
Forfeitures of dividend equivalents -   -  -   -   -   5   -   5
Net unrealized gain (loss) on derivatives -   -  -   -   -   -   7,277   7,277
Balance, December 31, 2011 31,044,001   310  7,197,532   72   597,327   (348,798)   -   248,911

ENTERCOM COMMUNICATIONS CORP.
PARENT COMPANY STATEMENTS OF SHAREHOLDERS' EQUITY
YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010
(amounts in thousands, except share data)
             Retained Accumulated   
 Common Stock Additional Earnings Other   
 Class A Class B Paid-in (AccumulatedComprehensive  
 Shares Amount Shares Amount Capital Deficit) Income (Loss) Total
Net income (loss) -   -  -   -   -   11,268   -   11,268
Compensation expense related to granting                     
of stock options -   -  -   -   210   -   -   210
Compensation expense related to granting                     
of restricted stock units 280,072   3  -   -   5,541   -   -   5,544
Exercise of stock options 101,350   1  -   -   134   -   -   135
Purchase of vested employee restricted                      
stock units (199,376)   (2)  -   -   (1,365)   -   -   (1,367)
Forfeitures of dividend equivalents -   -  -   -   -   16   -   16
Balance, December 31, 2012 31,226,047 $ 312  7,197,532 $ 72 $ 601,847 $ (337,514) $ - $ 264,717
                      
See notes to consolidated financial statements.
Schedule of Condensed Parent Company Cash flow
ENTERCOM COMMUNICATIONS CORP.
CONDENSED PARENT COMPANY STATEMENTS OF CASH FLOWS
(amounts in thousands)
          
  YEARS ENDED DECEMBER 31,
  2012 2011 2010
          
OPERATING ACTIVITIES:         
Net cash provided by (used in) operating activities $ (16,074) $ (16,974) $ 661
          
INVESTING ACTIVITIES:         
Additions to property and equipment   (500)   (349)   (36)
Deferred charges and other assets   (842)   (1,154)   (325)
Proceeds (distributions) from investments in subsidiaries   18,712   21,810   2,119
Net cash provided by (used in) investing activities   17,370   20,307   1,758
          
FINANCING ACTIVITIES:         
Proceeds from the exercise of stock options   135   71   130
Purchase of vested restricted stock units   (1,367)   (3,057)   (1,628)
Payment of dividend equivalents on vested restricted stock units   (43)   (512)   (874)
Net cash provided by (used in) financing activities   (1,275)   (3,498)   (2,372)
          
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS   21   (165)   47
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR   248   413   366
CASH AND CASH EQUIVALENTS, END OF YEAR $ 269 $ 248 $ 413
          
See notes to condensed Parent Company financial statements.