10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-047218`
Period End Date	20150630
Filing Date	20150807
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	sga-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 56 Cash Flow Statement 26

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.66M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.34M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.96M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.60M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$846.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$845.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.78M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$161.95M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$161.60M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$106.42M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$108.05M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$55.19M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$53.90M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$86.76M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$86.76M	USD	Point-in-time
Goodwill	`Goodwill`	$326.00K	USD	Point-in-time
Goodwill	`Goodwill`	$326.00K	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.53M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.18M	USD	Point-in-time
Total assets	`Assets`	$192.04M	USD	Point-in-time
Total assets	`Assets`	$201.99M	USD	Point-in-time
Total assets	`Assets`	$200.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.12M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.36M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.79M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.76M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$4.46M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.68M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$23.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$25.07M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.08M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.08M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.90M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$79.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$76.80M	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`	$54.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$95.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.18M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.50M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$29.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$115.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$120.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$192.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$200.30M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$63.42M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$63.25M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$33.83M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$34.36M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$46.45M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$47.08M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$23.50M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$24.31M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.07M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.12M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$4.27M	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	$14.00K	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	-	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	$14.00K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$7.45M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.26M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$12.54M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$8.21M	USD	1 Quarter
Interest expense	`InterestExpense`	$272.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$244.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$485.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$544.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$45.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$409.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$417.00K	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.59M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.14M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.82M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.61M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.22M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.14	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.26	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.24	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.13	USD	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.70M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.70M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.83M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.81M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.25M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.91M	USD	2 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceClaim`	-	USD	2 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceClaim`	$777.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$852.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$602.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.08M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.77M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.16M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-122.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$243.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$243.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.28M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.29M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.47M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.92M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.38M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	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`	$17.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.38M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time

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