10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-044301`
Period End Date	20130630
Filing Date	20130809
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	sga-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 76 Cash Flow Statement 28

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.77M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.69M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.78M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.48M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.68M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$892.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$861.00K	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`	$44.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.43M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$155.78M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$157.66M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$97.32M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$100.00M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$58.46M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$57.66M	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`	$5.56M	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`	$197.98M	USD	Point-in-time
Total assets	`Assets`	$191.84M	USD	Point-in-time
Total assets	`Assets`	$197.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.79M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.36M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.85M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.24M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.89M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.80M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.42M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.08M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	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`	$13.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$19.21M	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`	$50.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.09M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.13M	USD	Point-in-time
Liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$147.00K	USD	Point-in-time
Liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$93.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$85.71M	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`	$51.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$81.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$89.50M	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`	$112.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$197.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$197.98M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$32.99M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$62.31M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$62.79M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$33.83M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$45.58M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$44.32M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$23.49M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$21.96M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.89M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.94M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.93M	USD	2 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$9.09M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$8.36M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$14.10M	USD	2 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$13.28M	USD	2 Qtrs
Interest expense	`InterestExpense`	$458.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$986.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$715.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$357.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-66.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-91.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$10.00K	USD	2 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.47M	USD	2 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.12M	USD	2 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.64M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.93M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.13M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.22M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.44M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.94M	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$5.20M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$7.90M	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.80M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$7.53M	USD	2 Qtrs
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-65.00K	USD	2 Qtrs
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-67.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$223.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.84M	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.40	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.85	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.33	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.92	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.04	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.85	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.37	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.39	USD	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.66M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.68M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.66M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.68M	shares	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.84	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.92	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.31	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.39	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.04	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.38	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.35	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.74M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.67M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.66M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.76M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.05M	USD	2 Qtrs
Proceeds from sale of television station	`ProceedsFromSaleOfTVStation`	$2.96M	USD	2 Qtrs
Proceeds from sale of television station	`ProceedsFromSaleOfTVStation`	-	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.50M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.46M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$74.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$173.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$322.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.58M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.25M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.75M	USD	2 Qtrs
Payments for debt amendment fees	`PaymentsOfDebtRestructuringCosts`	$289.00K	USD	2 Qtrs
Payments for debt amendment fees	`PaymentsOfDebtRestructuringCosts`	-	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-80.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$59.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.98M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.33M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.85M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.39M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	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, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	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

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