10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-116913`
Period End Date	20160630
Filing Date	20160805
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	sga-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 60 Cash Flow Statement 28

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$22.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.61M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.82M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.27M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.90M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$169.74M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$167.07M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$111.92M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$108.94M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$57.82M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$58.13M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$96.15M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.11M	USD	Point-in-time
Goodwill	`Goodwill`	$7.28M	USD	Point-in-time
Goodwill	`Goodwill`	$2.87M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.31M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.57M	USD	Point-in-time
Total assets	`Assets`	$213.98M	USD	Point-in-time
Total assets	`Assets`	$204.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.80M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.40M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.78M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.79M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$4.37M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.73M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.35M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$1.08M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$29.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$27.69M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.37M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$35.29M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.88M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$81.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$84.95M	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`	$74.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$57.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$103.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$98.18M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$32.95M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$32.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$129.04M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$122.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$204.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$213.98M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$36.44M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$69.18M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$63.42M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$34.36M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$47.08M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$25.42M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$50.10M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$24.31M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.34M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.07M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.62M	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$8.00K	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	$14.00K	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$8.00K	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$14.00K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$8.39M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.45M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.26M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$13.73M	USD	2 Qtrs
Interest expense	`InterestExpense`	$378.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$485.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$244.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$189.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$409.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$417.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.36M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.20M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.20M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.62M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.52M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.39M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.59M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.61M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.34	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.14	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.13	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.33	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.25	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.50	USD	2 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.83M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.74M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.25M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.55M	USD	2 Qtrs
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	-	USD	2 Qtrs
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$12.64M	USD	2 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceSettlementInvestingActivities`	$777.00K	USD	2 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceSettlementInvestingActivities`	-	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$602.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-34.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.15M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.08M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$1.16M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$1.47M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-122.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.28M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.47M	USD	2 Qtrs
Net (decrease) / increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.47M	USD	2 Qtrs
Net (decrease) / increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.88M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	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, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	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
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time

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