v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ (13,878) $ (9,881)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 8,471 2,647
Amortization of deferred financing costs 79 586
Net deferred taxes (benefit) and other (5,252) (11,662)
Provision for bad debts 2,982 409
Net (gain) loss on sale or disposal of assets (161) 13,334
Non-cash stock-based compensation expense 3,913 1,593
Deferred rent 826 (90)
Deferred compensation 126 990
Net accretion expense for asset retirement obligations 15 10
Changes in assets and liabilities:    
Accounts receivable 66,692 13,268
Prepaid expenses and deposits (3,968) (3,132)
Accounts payable and accrued liabilities 206 (562)
Accrued interest expense 7,155 (1,802)
Accrued liabilities - long-term (1,281) (775)
Prepaid expenses - long-term (40) 177
Contract assets 0 0
Contract Liabilities 0 0
Net cash provided by (used in) operating activities 65,885 5,660
INVESTING ACTIVITIES:    
Additions to property and equipment (5,413) (2,424)
Proceeds from sale of property, equipment, intangibles and other assets 461 14
Purchases of radio station assets 0 (24,000)
Payments To Acquire non-amortizable intangible assets (1,578) (270)
Purchases of investments (1,250) 0
Consolidation of a VIE 0 (302)
Net cash provided by (used in) investing activities (7,780) (26,982)
FINANCING ACTIVITIES:    
Proceeds from the financing method of lease obligations 0 0
Payments of long-term debt (21,325) (37,005)
Purchase of the Company's common stock (20,012) 0
Proceeds from issuance of employee stock plan 321 181
Proceeds from the exercise of stock options 13 5
Purchase of vested employee restricted stock units (3,463) (2,436)
Payment of dividend equivalents on vested restricted stock units (595) (98)
Payment of dividends on common stock (12,441) (2,916)
Payments of dividends on preferred stock 0 (550)
ProceedsFromShortTermDebt 0 22,000
Net cash provided by (used in) financing activities (57,502) (20,819)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 603 (42,141)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 34,167 46,843
CASH AND CASH EQUIVALENTS, END OF PERIOD 34,770 4,702
Cash paid during the period for:    
Interest 16,497 7,225
Income taxes 45 55
Dividends on common stock 12,441 2,916
Dividends on preferred stock $ 0 $ 550