v3.4.0.3
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments Abstract  
Schedule Of Restricted Stock Units Market Based
Three MonthsYear
EndedEnded
March 31,December 31,
20162015
(amounts in thousands, except per share data)
Reconciliation Of RSUs With Market Conditions
Beginning of period balance390290
Number of RSUs granted20165
Number of RSUs forfeited --
Number of RSUs vested(225)(65)
End of period balance185390
Average fair value of RSUs granted with market
conditions$5.45$8.39
Schedule Of Other Options Dislcosure
Three Months Ended March 31,
Option Exercise Data20162015
(amounts in thousands)
Intrinsic value of options exercised$25$72
Tax benefit from options exercised (1)$10$27
Cash received from exercise price of options exercised$3$31
Stock Option Valuation Assumptions
Three Months EndedYear Ended
March 31,December 31,
20162015
Expected Volatility Term Structure (1)36% to 45%34% to 39%
Risk-Free Interest Rate (2)0.5% to 1.1%0.1% to 1.1%
Dividend Yield (3)0.0%0.0%
Schedule Of significant ranges of outstanding and exercisable options
Options OutstandingOptions Exercisable
Number Of Weighted Number Of
OptionsAverageWeighted OptionsWeighted
Range OfOutstandingRemaining AverageExercisable Average
Exercise PricesMarch 31,ContractualExerciseMarch 31,Exercise
FromTo2016LifePrice2016Price
$1.34$1.34430,4252.9$1.34430,425$1.34
$2.02$11.7834,0002.4$9.5034,000$9.50
$1.34$11.78464,4252.8$1.94464,425$1.94
Schedule of recognized stock-based compensation expense
Three Months Ended
March 31,
20162015
(amounts in thousands)
Station operating expenses$227$177
Corporate general and administrative expenses1,254934
Stock-based compensation expense included in operating expenses1,4811,111
Income tax benefit (1)551413
Net stock-based compensation expense$930$698
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest
NumberWeightedAggregate
OfWeightedAverageIntrinsic
Restricted AverageRemainingValue As Of
StockPurchaseContractualMarch 31,
Period EndedUnitsPriceTerm (Years)2016
RSUs outstanding as of: December 31, 20151,590,417
RSUs awarded439,585
RSUs released(581,967)
RSUs forfeited(7,450)
RSUs outstanding as of: March 31, 20161,440,585$-1.8$15,241,389
RSUs vested and expected
to vest as of:March 31, 20161,317,409$-1.7$13,421,043
RSUs exercisable (vested and
deferred) as of:March 31, 201648,880$--$517,150
Weighted average remaining
recognition period in years2.6
Unamortized compensation
expense, net of estimated
forfeitures$10,524,827
Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding
WeightedIntrinsic
WeightedAverageValue
AverageRemainingAs Of
Number OfExerciseContractualMarch 31,
Period EndedOptionsPriceTerm (Years)2016
Options outstanding as of:December 31, 2015466,925$1.93
Options granted--
Options exercised(2,500)1.34
Options forfeited-
Options expired-
Options outstanding as of:March 31, 2016464,425$1.942.8$4,035,062
Options vested and expected to
vest as of:March 31, 2016464,425$1.942.8$4,035,062
Options vested and exercisable as of:March 31, 2016464,425$1.942.8$4,035,062
Weighted average remaining
recognition period in years-
Unamortized compensation expense,
net of estimated forfeitures$8,687
Schedule Of Restricted Stock Units Performance Based [Text Block]
Three MonthsYear
EndedEnded
March 31,December 31,
20162015
(amounts in thousands, except
per share data)
Reconciliation Of RSUs With Performance Conditions
Beginning of period balance298
Number of RSUs granted-21
Number of RSUs that did not meet criteria--
Number of RSUs vested--
End of period balance2929
Average fair value of RSUs granted with performance
conditions$-$11.11