10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-060473`
Period End Date	20130930
Filing Date	20131112
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	sga-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 76 Cash Flow Statement 30

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.45M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.69M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.48M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.62M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$830.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$892.00K	USD	Point-in-time
Current assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Current assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$106.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$51.60M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$157.60M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$155.78M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$97.32M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$101.20M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.41M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$58.46M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.49M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.36M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.29M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.27M	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`	$204.77M	USD	Point-in-time
Total assets	`Assets`	$197.33M	USD	Point-in-time
Total assets	`Assets`	$197.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.22M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.36M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.04M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.50M	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`	$1.74M	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`	$125.00K	USD	Point-in-time
Current liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$20.24M	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`	$50.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.13M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.95M	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`	$88.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$93.12M	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`	$51.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$81.75M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.67M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.52M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$104.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$116.65M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$204.77M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$197.33M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$95.72M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$32.41M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$32.93M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$94.72M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$66.70M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$69.18M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$22.38M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$23.60M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.98M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.91M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.05M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.80M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$22.22M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$7.28M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$20.56M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$8.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.02M	USD	3 Qtrs
Interest expense	`InterestExpense`	$308.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.37M	USD	3 Qtrs
Interest expense	`InterestExpense`	$381.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-145.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-135.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$144.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$53.00K	USD	3 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.72M	USD	3 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.12M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.59M	USD	3 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.59M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$7.76M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.45M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.23M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.82M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$11.83M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.37M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.30M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$12.27M	USD	3 Qtrs
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-104.00K	USD	3 Qtrs
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-39.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$223.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.30M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.17	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.77	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.08	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.76	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.04	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.02	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.12	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$2.15	USD	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.69M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.68M	shares	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.66M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.66M	shares	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.77	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.06	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.17	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.75	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.04	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.02	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.15	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.10	USD	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.67M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.67M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.74M	shares	3 Qtrs

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.52M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.47M	USD	3 Qtrs
Proceeds from sale of television station	`ProceedsFromSaleOfTVStation`	$2.96M	USD	3 Qtrs
Proceeds from sale of television station	`ProceedsFromSaleOfTVStation`	-	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.90M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.47M	USD	3 Qtrs
Proceeds from sale and disposal of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$38.00K	USD	3 Qtrs
Proceeds from sale and disposal of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$774.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$192.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$296.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.06M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.25M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.75M	USD	3 Qtrs
Payments for debt amendment fees	`PaymentsOfDebtRestructuringCosts`	-	USD	3 Qtrs
Payments for debt amendment fees	`PaymentsOfDebtRestructuringCosts`	$289.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$142.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-80.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.33M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.90M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.13M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.54M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12M	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`	$27.45M	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`	$14.12M	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`	$27.45M	USD	Point-in-time

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