10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-041707`
Period End Date	20170630
Filing Date	20170809
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	sga-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 80 Cash Flow Statement 24

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.73M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.18M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.40M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.94M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.32M	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$22.82M	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$4.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$74.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.77M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$134.41M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$134.68M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$85.51M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$84.54M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$49.87M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$49.17M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$86.62M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$87.39M	USD	Point-in-time
Goodwill	`Goodwill`	$8.22M	USD	Point-in-time
Goodwill	`Goodwill`	$7.41M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.97M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.05M	USD	Point-in-time
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$18.05M	USD	Point-in-time
Total assets	`Assets`	$220.00M	USD	Point-in-time
Total assets	`Assets`	$226.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.62M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.95M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.22M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.31M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.30M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.62M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$4.34M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$31.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$29.74M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$35.29M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$35.29M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.88M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.07M	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$1.06M	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$85.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$87.56M	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`	$75.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$59.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$61.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$111.66M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$33.95M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$33.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$139.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$134.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$220.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$226.88M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$30.26M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$58.33M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$30.87M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$56.42M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$21.84M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$42.77M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$42.98M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$21.43M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.34M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.74M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.62M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.88M	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-58.00K	USD	2 Qtrs
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-5.00K	USD	2 Qtrs
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-8.00K	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-79.00K	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$5.88M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$6.40M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$10.01M	USD	2 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$7.85M	USD	2 Qtrs
Interest expense	`InterestExpense`	$229.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$361.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$182.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$437.00K	USD	2 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.21M	USD	1 Quarter
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.64M	USD	2 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.41M	USD	2 Qtrs
Income from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.65M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.57M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.99M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.99M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.27M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.42M	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$5.66M	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$3.38M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$3.65M	USD	1 Quarter
Income from discontinued operations, net of tax (Note 5)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$2.05M	USD	2 Qtrs
Income from discontinued operations, net of tax (Note 5)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.16M	USD	1 Quarter
Income from discontinued operations, net of tax (Note 5)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$2.18M	USD	2 Qtrs
Income from discontinued operations, net of tax (Note 5)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.47M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.81M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.62	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.75	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.97	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.57	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.20	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.37	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.20	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.35	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.34	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.75	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.96	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.57	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.61	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.20	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.20	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.35	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.37	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.81	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.10	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.33	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.81M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.80M	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`	$0.50	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	2 Qtrs

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.20M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.74M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.55M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.42M	USD	2 Qtrs
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$1.65M	USD	2 Qtrs
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$12.64M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-34.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.06M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.13M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.15M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.47M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$3.54M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.47M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.54M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.53M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.88M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	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`	$30.23M	USD	Point-in-time

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