10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-063681`
Period End Date	20150930
Filing Date	20151109
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	sga-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 61 Cash Flow Statement 34

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.38M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.96M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.46M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.51M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$845.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$167.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.38M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$167.18M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$161.60M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$108.19M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$106.42M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$59.00M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$55.19M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.90M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$86.76M	USD	Point-in-time
Goodwill	`Goodwill`	$2.85M	USD	Point-in-time
Goodwill	`Goodwill`	$326.00K	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$6.18M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.03M	USD	Point-in-time
Total assets	`Assets`	$204.16M	USD	Point-in-time
Total assets	`Assets`	$192.04M	USD	Point-in-time
Total assets	`Assets`	$204.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.57M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.79M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$8.53M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.81M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.76M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.55M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.48M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$23.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.07M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.37M	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`	$3.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$76.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$82.28M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$74.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$72.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$52.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$56.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$91.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$97.41M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$32.43M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$121.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$115.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$204.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$192.04M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$33.83M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$97.63M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$97.25M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$34.37M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$24.32M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$72.81M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$71.40M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$26.37M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.31M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$6.58M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$7.64M	USD	3 Qtrs
Other operating expense, net	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Other operating expense, net	`OtherCostAndExpenseOperating`	$447.00K	USD	3 Qtrs
Other operating expense, net	`OtherCostAndExpenseOperating`	$433.00K	USD	1 Quarter
Other operating expense, net	`OtherCostAndExpenseOperating`	-	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$5.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$18.23M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$6.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.76M	USD	3 Qtrs
Interest expense	`InterestExpense`	$268.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$229.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$714.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$812.00K	USD	3 Qtrs
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$557.00K	USD	1 Quarter
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$557.00K	USD	3 Qtrs
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	1 Quarter
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$38.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$417.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$417.00K	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$7.00M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$7.19M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.18M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.25M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.68	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.82	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.80	USD	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.72M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.70M	shares	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.70M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.74M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.35M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.97M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.80M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.43M	USD	3 Qtrs
Acquisition of broadcast properties	`PaymentToAcquireBroadcastProperties`	$884.00K	USD	3 Qtrs
Acquisition of broadcast properties	`PaymentToAcquireBroadcastProperties`	$11.63M	USD	3 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceClaim`	-	USD	3 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceClaim`	$777.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-32.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.65M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.28M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.15M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$2.32M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$35.00M	USD	3 Qtrs
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$35.29M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfOtherEquity`	-	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfOtherEquity`	$909.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-162.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$244.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.11M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.91M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.41M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$959.00K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.87M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.04M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	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`	$18.87M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	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.