10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-027722`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	sga-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 38 Cash Flow Statement 26

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.69M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.48M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.59M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$872.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$892.00K	USD	Point-in-time
Current assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$106.00K	USD	Point-in-time
Current assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.87M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$155.78M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$156.45M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$98.47M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$97.32M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$57.98M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$58.46M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.36M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.37M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.34M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.29M	USD	Point-in-time
Assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.79M	USD	Point-in-time
Assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$186.91M	USD	Point-in-time
Total assets	`Assets`	$197.33M	USD	Point-in-time
Total assets	`Assets`	$200.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.80M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.19M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.36M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.34M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.24M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.42M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.68M	USD	Point-in-time
Current liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Current liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$125.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$18.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$17.65M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$58.83M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$58.83M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.13M	USD	Point-in-time
Liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$147.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$93.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$93.16M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$72.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$72.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$81.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$84.69M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.52M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$104.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$107.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$200.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$197.33M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$28.96M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$29.32M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.36M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.09M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.95M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.95M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$5.01M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$4.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$528.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$358.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-25.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.54M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.49M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.81M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.78M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$2.73M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$2.70M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$223.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$2.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.71M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.48	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.48	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.04	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.66M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.67M	shares	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.48	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.47	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.04	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.74M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.68M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.73M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.80M	USD	1 Quarter
Proceeds from sale of television station	`ProceedsFromSaleOfTVStation`	-	USD	1 Quarter
Proceeds from sale of television station	`ProceedsFromSaleOfTVStation`	$2.96M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.18M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$135.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$75.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.65M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.26M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.75M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-80.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.83M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-296.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.38M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time

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