v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Assets Abstract    
Cash and cash equivalents $ 6,494 $ 8,923
Accounts receivable, net of allowance for doubtful accounts 59,899 70,955
Prepaid expenses, deposits and other 6,201 3,649
Prepaid and refundable federal and state income taxes 46 47
Deferred tax assets 2,445 2,445
Total current assets 75,085 86,019
Net property and equipment 50,555 51,677
Radio broadcasting licenses 718,656 718,656
Goodwill 39,103 39,103
Deferred charges and other assets, net of accumulated amortization 18,620 20,126
TOTAL ASSETS 902,019 915,581
Liabilities Abstract    
Accounts payable 699 400
Accrued expenses 13,699 14,205
Accrued compensation and other current liabilities 18,237 12,253
Financing method lease obligations, current portion 12,610 12,610
Long-term debt, current portion 27,981 9,808
Total current liabilities 73,226 49,276
Long-term debt, net of current portion 521,240 560,133
Financing method lease obligations 0 0
Deferred tax liabilities 26,778 26,226
Other long-term liabilities 15,647 15,229
Total long-term liabilities 563,665 601,588
Total liabilities 636,891 650,864
CONTINGENCIES AND COMMITMENTS      
SHAREHOLDERS' EQUITY:    
Preferred stock 0 0
Common stock 387 384
Additional paid-in capital 602,506 601,847
Accumulated deficit (337,765) (337,514)
Accumulated other comprehensive income (loss) 0 0
Total shareholders' equity 265,128 264,717
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 902,019 $ 915,581