10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-043269`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	sga-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 84 Cash Flow Statement 30

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.56M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.31M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.52M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.79M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$75.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.17M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$135.86M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$135.91M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$79.81M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$79.62M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.10M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.23M	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`	$6.13M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.54M	USD	Point-in-time
Total assets	`Assets`	$248.77M	USD	Point-in-time
Total assets	`Assets`	$246.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.40M	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`	$7.26M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$6.53M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.62M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.24M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.09M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$22.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.07M	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`	$1.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$69.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$63.76M	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`	$63.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$153.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$151.61M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$35.11M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$34.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$182.41M	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`	$246.17M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`Revenues`	$32.23M	USD	1 Quarter
Net operating revenue	`Revenues`	$56.42M	USD	2 Qtrs
Net operating revenue	`Revenues`	$30.26M	USD	1 Quarter
Net operating revenue	`Revenues`	$60.24M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$21.43M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$42.77M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$23.14M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$46.54M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.74M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.88M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.85M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.39M	USD	2 Qtrs
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-213.00K	USD	1 Quarter
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-58.00K	USD	2 Qtrs
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$38.00K	USD	2 Qtrs
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-79.00K	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$7.85M	USD	2 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$5.88M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$6.03M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$8.35M	USD	2 Qtrs
Interest expense	`InterestExpense`	$255.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$474.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$229.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$437.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$277.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$188.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Income from continuing operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.97M	USD	1 Quarter
Income from continuing operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.65M	USD	1 Quarter
Income from continuing operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.41M	USD	2 Qtrs
Income from continuing operations before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.15M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.99M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.46M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.27M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.79M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.17M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$3.38M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$4.42M	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$5.70M	USD	2 Qtrs
Income from discontinued operations, net of tax (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	2 Qtrs
Income from discontinued operations, net of tax (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income from discontinued operations, net of tax (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$2.05M	USD	2 Qtrs
Income from discontinued operations, net of tax (Note 6)	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.47M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.17M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.75	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.57	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.96	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.70	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.20	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.35	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.96	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.83M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.84M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.96	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.70	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.57	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.75	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.20	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.35	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.96	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.10	USD	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.80M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.84M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.81M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.83M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.60	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 30 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.20M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.19M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.91M	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`	-	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-307.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.06M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.60M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.13M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$3.54M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$10.09M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.80M	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.80M	USD	Point-in-time
Purchase of treasury shares	`PaymentsForPurchaseOfTreasuryStock`	-	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForPurchaseOfTreasuryStock`	$547.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-75.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.71M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.54M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-119.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.53M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	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`	$52.91M	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`	$26.70M	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`	$52.91M	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.