10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-027104`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	sga-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 44 Cash Flow Statement 25

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.74M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.31M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.38M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.74M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$68.65M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$135.81M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$135.86M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$79.62M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$79.48M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.23M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.32M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$93.26M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$93.26M	USD	Point-in-time
Goodwill	`Goodwill`	$15.56M	USD	Point-in-time
Goodwill	`Goodwill`	$15.56M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.29M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.54M	USD	Point-in-time
Total assets	`Assets`	$241.08M	USD	Point-in-time
Total assets	`Assets`	$248.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.21M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.84M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.17M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$6.53M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.24M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.09M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.60M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.38M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$25.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$25.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.33M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$69.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$61.16M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$76.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$76.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$62.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$63.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$151.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$151.61M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$34.65M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$34.89M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$179.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$179.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$248.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$241.08M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$26.16M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$28.01M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$21.34M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$23.40M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.86M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.54M	USD	1 Quarter
Other operating income, net	`OtherOperatingIncomeExpenseNet`	$21.00K	USD	1 Quarter
Other operating income, net	`OtherOperatingIncomeExpenseNet`	$251.00K	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$1.97M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$2.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$219.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$208.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$89.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Income from continuing operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.19M	USD	1 Quarter
Income from continuing operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.76M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$660.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$718.00K	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$1.53M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$1.05M	USD	1 Quarter
Income from discontinued operations, net of tax (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income from discontinued operations, net of tax (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$891.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.53M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.18	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.26	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.15	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.84M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.79M	shares	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.26	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.18	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.15	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.84M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.80M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	Point-in-time
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	Point-in-time

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.37M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.46M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.50M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$76.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-294.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.51M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.20M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$8.31M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.80M	USD	Point-in-time
Purchase of treasury shares	`PaymentsForPurchaseOfTreasuryStock`	$93.00K	USD	1 Quarter
Purchase of treasury shares	`PaymentsForPurchaseOfTreasuryStock`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.40M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.94M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.24M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.79M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.64M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.03M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.64M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time

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