10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-096894`
Period End Date	20110930
Filing Date	20111109
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	sga-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 52 Cash Flow Statement 30

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.55M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.48M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.47M	USD	Point-in-time
Barter transactions	`ContractsReceivable`	$1.76M	USD	Point-in-time
Barter transactions	`ContractsReceivable`	$1.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$991.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.56M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$162.19M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$158.59M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$97.98M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$93.03M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$65.56M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$64.21M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.58M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.58M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.10M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.09M	USD	Point-in-time
Total other assets	`AssetsOther`	$96.67M	USD	Point-in-time
Total other assets	`AssetsOther`	$97.68M	USD	Point-in-time
Total assets	`Assets`	$199.80M	USD	Point-in-time
Total assets	`Assets`	$192.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.25M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.52M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.43M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.95M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.46M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.64M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.92M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$6.12M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$11.18M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$72.33M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$89.96M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.23M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$119.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$103.39M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$53.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$53.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$66.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$58.20M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.59M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$80.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$88.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$192.19M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$199.80M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$94.39M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$93.68M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$32.81M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$32.49M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$69.35M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$69.91M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$23.63M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$23.55M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.74M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.52M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.97M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.85M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$18.62M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$6.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$18.82M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.84M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.36M	USD	3 Qtrs
Interest expense	`InterestExpense`	$646.00K	USD	1 Quarter
Write-off revolving credit facility debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$1.33M	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-13.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$3.40M	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-27.00K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.85M	USD	3 Qtrs
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.30M	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.46M	USD	3 Qtrs
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.05M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.93M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.50M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$7.29M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.53M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.50	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.84	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.01	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.87	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.01	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.50	USD	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.23M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.24M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.23M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.24M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.23M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.42M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.14M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.26M	USD	3 Qtrs
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$1.02M	USD	3 Qtrs
Proceeds from license downgrade	`ProceedsFromSaleOfIntangibleAssets`	$3.56M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$2.00M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-67.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-153.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.55M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.06M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$111.85M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$15.50M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$92.10M	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.50M	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.15M	USD	3 Qtrs
Purchase of shares held in treasury	`PaymentsForRepurchaseOfCommonStock`	$78.00K	USD	3 Qtrs
Purchase of shares held in treasury	`PaymentsForRepurchaseOfCommonStock`	$117.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.08M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.02M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.65M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$598.00K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.90M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.90M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.55M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.