v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES:    
Net income (loss) $ 9,642 $ (4,256)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,516 5,496
Amortization of deferred financing costs 2,186 2,292
Net deferred taxes (benefit) and other 7,707 (5,663)
Tax benefit on exercise of options 0 0
Provision for bad debts 528 33
Net (gain) loss on sale or disposal of assets (1,591) 3
Non-cash stock-based compensation expense 2,098 2,718
Net (gain) loss on investments 0 0
Net (gain) loss on derivatives 0 (1,346)
Deferred rent 86 514
Unearned revenue - long-term (39) 0
Net (gain) loss on extinguishment of debt 0 0
Deferred compensation 935 915
Tax benefit for vesting of restricted stock unit awards 0 0
Impairment loss 850 22,307
Accretion expense, net of asset retirement obligation payments 11 (101)
Other income (93) (46)
Changes in assets and liabilities:    
Accounts receivable (1,670) (5,344)
Prepaid expenses and deposits (1,789) (193)
Prepaid and refundable income taxes 0 256
Accounts payable and accrued liabilities 3,881 4,509
Accrued interest expense (1,326) (623)
Accrued liabilities - long-term (738) (432)
Prepaid expenses - long-term 200 657
Net cash provided by (used in) operating activities 25,394 21,696
INVESTING ACTIVITIES:    
Additions to property and equipment (2,428) (962)
Proceeds from sale of property, equipment, intangibles and other assets 7 19
Purchases of radio station assets 0 (25,025)
Deferred charges and other assets (3) (722)
Purchases of investments 0 0
Proceeds from investments and capital projects 93 410
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 (2,331) (26,280)
FINANCING ACTIVITIES:    
Deferred financing expenses related to the senior unsecured notes 0 (167)
Borrowing under the revolving senior debt 19,000 29,000
Proceeds from the financing method of lease obligations 0 0
Payments of long-term debt (43,515) (20,514)
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 206 89
Purchase of vested employee restricted stock units (1,166) (474)
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
Payments of deferred compensation (172) (191)
Net cash provided by (used in) financing activities (25,647) 7,700
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,584) 3,116
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 8,923 3,625
CASH AND CASH EQUIVALENTS, END OF PERIOD 6,339 6,741
Cash paid during the period for:    
Interest 21,925 25,963
Income taxes 69 99
Dividends $ 0 $ 0