10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-222019`
Period End Date	20120331
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	sga-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 26 Cash Flow Statement 24

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.97M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.99M	USD	Point-in-time
Barter transactions	`ContractsReceivable`	$1.62M	USD	Point-in-time
Barter transactions	`ContractsReceivable`	$1.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.96M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$161.51M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$160.43M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$98.94M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$97.24M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$62.58M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$63.19M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.58M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.58M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.63M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.60M	USD	Point-in-time
Total other assets	`AssetsOther`	$96.19M	USD	Point-in-time
Total other assets	`AssetsOther`	$96.22M	USD	Point-in-time
Total asset	`Assets`	$186.91M	USD	Point-in-time
Total asset	`Assets`	$190.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.81M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.73M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.17M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.50M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.32M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.60M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.71M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$3.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$14.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$61.33M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$66.08M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$91.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$97.36M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$53.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$53.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$73.54M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.59M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$95.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$92.97M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$186.91M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$190.33M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$29.93M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$28.71M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.74M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$22.97M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.94M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.95M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.03M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$528.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-68.00K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.81M	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.49M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.79M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.71M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.24M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.26M	shares	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.88M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.80M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.15M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$75.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$66.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.26M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.21M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$4.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.75M	USD	1 Quarter
Purchase of shares held in treasury	`PaymentsForRepurchaseOfCommonStock`	$117.00K	USD	1 Quarter
Purchase of shares held in treasury	`PaymentsForRepurchaseOfCommonStock`	$80.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.83M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.12M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$557.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-296.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.75M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.75M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time

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