v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
OPERATING ACTIVITIES:    
Net income (loss) $ (251) $ (1,049)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,324 2,759
Amortization of deferred financing costs 1,109 1,177
Net deferred taxes (benefit) and other 580 (1,333)
Tax benefit on exercise of options 0 0
Provision for bad debts 333 56
Net (gain) loss on sale or disposal of assets 22 16
Non-cash stock-based compensation expense 1,142 1,397
Net (gain) loss on investments 0 0
Net (gain) loss on derivatives 0 (788)
Deferred rent 86 449
Unearned revenue - long-term (28) 0
Net (gain) loss on extinguishment of debt 0 0
Deferred compensation 561 860
Tax benefit for vesting of restricted stock unit awards 0 0
Impairment loss 0 0
Net accretion expense for asset retirement obligations 6 (103)
Other income (31) (13)
Changes in assets and liabilities:    
Accounts receivable 10,726 12,028
Prepaid expenses and deposits (2,555) (1,126)
Prepaid and refundable income taxes 0 (15)
Accounts payable and accrued liabilities (44) (1,383)
Accrued interest expense 5,662 5,822
Accrued liabilities - long-term (73) (388)
Prepaid expenses - long-term 200 200
Net cash provided by (used in) operating activities 19,769 18,566
INVESTING ACTIVITIES:    
Additions to property and equipment (963) (881)
Proceeds from sale of property, equipment, intangibles and other assets 0 5
Purchases of radio station assets 0 0
Deferred charges and other assets 0 (2)
Purchases of investments 0 0
Proceeds from investments and capital projects 31 212
Proceeds from termination of radio station contract 0 0
Proceeds from insurance recovery 0 0
Station acquisition deposits and costs 0 0
Net cash provided by (used in) investing activities (932) (666)
FINANCING ACTIVITIES:    
Deferred financing expenses related to bank facility amendment 0 (167)
Proceeds from issuance of long-term debt 7,000 0
Proceeds from the financing method of lease obligations 0 0
Payments of long-term debt (27,786) (10,007)
Net proceeds from the senior unsecured notes 0 0
Retirement of senior subordinated notes 0 0
Purchase of the Company's common stock 0 0
Proceeds from issuance of employee stock plan 0 0
Proceeds from the exercise of stock options 130 54
Purchase of vested employee restricted stock units (610) (301)
Realization of tax benefits for payment of dividend equivalents 0 0
Payment of dividend equivalents on vested restricted stock units 0 (43)
Payment of dividends 0 0
Net cash provided by (used in) financing activities (21,266) (10,464)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,429) 7,436
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 8,923 3,625
CASH AND CASH EQUIVALENTS, END OF PERIOD 6,494 11,061
Cash paid during the period for:    
Interest 4,632 7,026
Income taxes 1 99
Dividends $ 0 $ 0