10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-048518`
Period End Date	20140630
Filing Date	20140811
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	sga-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 80 Cash Flow Statement 28

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.82M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.64M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.24M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.26M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.66M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.02M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.08M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$161.51M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$158.76M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$105.20M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$102.42M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.34M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.30M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.68M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.46M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.54M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.35M	USD	Point-in-time
Total assets	`Assets`	$201.99M	USD	Point-in-time
Total assets	`Assets`	$197.98M	USD	Point-in-time
Total assets	`Assets`	$193.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.57M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.70M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.02M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.79M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.95M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.48M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.08M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.99M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$20.57M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$41.08M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$45.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.85M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$83.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$84.20M	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`	$51.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.91M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.25M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$109.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$117.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$201.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$193.22M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$33.83M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$62.79M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$33.83M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$63.25M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$23.49M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$46.45M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$23.50M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$45.58M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$4.27M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.93M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.12M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$12.54M	USD	2 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$8.21M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$13.28M	USD	2 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$8.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$715.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$357.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$272.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$544.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$45.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-91.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-66.00K	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.47M	USD	2 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.93M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.04M	USD	2 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.97M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.94M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.82M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.13M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.19M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.80M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$7.22M	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.78M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$7.53M	USD	2 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	2 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$223.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.22M	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.83	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.33	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.85	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.26	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.04	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.37	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.26	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.85	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.68M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.68M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.70M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.70M	shares	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.82	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.24	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.31	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.84	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.04	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.35	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.24	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.74M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	2 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.81M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.05M	USD	2 Qtrs
Proceeds from sale of television station	`ProceedsFromSaleOfTelevisionStation`	$2.96M	USD	2 Qtrs
Proceeds from sale of television station	`ProceedsFromSaleOfTelevisionStation`	-	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.91M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.46M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$852.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$173.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.77M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$322.00K	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.75M	USD	2 Qtrs
Payments for debt amendment fees	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments for debt amendment fees	`PaymentsOfDebtIssuanceCosts`	$289.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$243.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$59.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$243.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.98M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.39M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.29M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.92M	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`	$17.63M	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`	$25.92M	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`	$17.63M	USD	Point-in-time

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