10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-132698`
Period End Date	20160930
Filing Date	20161109
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	sga-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 65 Cash Flow Statement 37

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`	$22.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.61M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.27M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$49.33M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$167.07M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$163.55M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$105.93M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$108.94M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$57.63M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$58.13M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$88.11M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$96.17M	USD	Point-in-time
Goodwill	`Goodwill`	$2.87M	USD	Point-in-time
Goodwill	`Goodwill`	$7.35M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.32M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.57M	USD	Point-in-time
Total assets	`Assets`	$204.57M	USD	Point-in-time
Total assets	`Assets`	$217.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.80M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.41M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.40M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.79M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.57M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.68M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.35M	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
Total current liabilities	`LiabilitiesCurrent`	$15.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.34M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$27.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$29.92M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$35.29M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.37M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.06M	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`	$84.58M	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`	$59.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$57.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$98.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$106.74M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$32.64M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$32.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$133.22M	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`	$217.80M	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$33.83M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$105.30M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$36.12M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$97.25M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$75.56M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$71.40M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$24.32M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$25.46M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$7.64M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$8.06M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$-447.00K	USD	3 Qtrs
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$1.39M	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$-433.00K	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$1.39M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$17.76M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$6.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.06M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$9.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$229.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$196.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$574.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$714.00K	USD	3 Qtrs
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	1 Quarter
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	-	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
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$417.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$417.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.91M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.13M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.71M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.48M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.60M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$9.23M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$7.19M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$3.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.72M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.92	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.26	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.68	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`	$0.92	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.26	USD	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.72M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.71M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.80	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.35M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.02M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.43M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.15M	USD	3 Qtrs
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$12.73M	USD	3 Qtrs
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$11.63M	USD	3 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceSettlementInvestingActivities`	$777.00K	USD	2 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceSettlementInvestingActivities`	-	USD	3 Qtrs
Proceeds from insurance claim	`ProceedsFromInsuranceSettlementInvestingActivities`	$777.00K	USD	3 Qtrs
Proceeds from disposals of fixed assets	`ProceedsFromSalesOfAssetsInvestingActivities`	-	USD	3 Qtrs
Proceeds from disposals of fixed assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$1.64M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-11.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.28M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.23M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$2.32M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$4.69M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	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	`PaymentsForRepurchaseOfCommonStock`	$5.00K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$909.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-162.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.11M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.69M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$959.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.10M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.71M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.87M	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`	$21.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.71M	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`	$17.91M	USD	Point-in-time

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