v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES:    
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest $ 23,981 $ 1,184
NET INCOME (LOSS) 25,511 (579)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 29,745 8,068
Amortization of deferred financing costs 242 1,752
Net deferred taxes (benefit) and other (42,424) (4,921)
Tax benefit on exercise of options 0 0
Provision for bad debts 8,679 1,742
Net (gain) loss on sale or disposal of assets (10,856) 13,155
Non-cash stock-based compensation expense 11,421 4,629
Net (gain) loss on investments 0 0
Net (gain) loss on derivatives 0 0
Deferred rent 4,111 (109)
Unearned revenue - long-term 0 0
Net (gain) loss on extinguishment of debt 0 0
Deferred compensation 2,262 2,242
Tax benefit for vesting of restricted stock unit awards 0 0
Impairment loss 28,988 441
Net accretion expense for asset retirement obligations 44 (341)
Changes in assets and liabilities:    
Accounts receivable 26,699 (4,057)
Prepaid expenses and deposits 2,472 (2,079)
Accounts payable and accrued liabilities 26,475 6,983
Accrued interest expense 1,532 (1,759)
Accrued liabilities - long-term (21,721) (1,438)
Prepaid expenses - long-term 0 (83)
Net cash provided by (used in) operating activities 93,180 25,409
INVESTING ACTIVITIES:    
Additions to property and equipment (23,605) (12,056)
Proceeds from sale of property, equipment, intangibles and other assets 181,875 18
Purchases of radio station assets (71,434) (24,000)
Payments To Acquire non-amortizable intangible assets 0 0
Purchases of investments (1,250) (9,700)
Consolidation of a VIE 0 (302)
Payments to Acquire amortizable intangible assets (2,350) (663)
Proceeds from sale of property - Restricted Cash 70,187 0
Net cash provided by (used in) investing activities 153,423 (46,703)
FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 83,325 57,500
Proceeds from the financing method of lease obligations 0 0
Payments of long-term debt (31,343) (57,012)
Purchase of the Company's common stock (20,012) 0
Proceeds from issuance of employee stock plan 1,051 182
Proceeds from the exercise of stock options 68 22
Purchase of vested employee restricted stock units (5,179) (2,546)
Payment of dividend equivalents on vested restricted stock units (870) (109)
Payment of dividends on common stock (37,403) (16,550)
Payments of dividends on preferred stock 0 (1,650)
Net cash provided by (used in) financing activities (10,363) (20,163)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 236,240 (41,457)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 34,167 46,843
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 270,407 5,386
Cash paid during the period for:    
Interest 76,042 19,474
Income taxes 18,821 352
Dividends on common stock 37,403 16,550
Dividends on preferred stock $ 0 $ 1,650