10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-346285`
Period End Date	20120630
Filing Date	20120809
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	sga-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 78 Cash Flow Statement 26

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.86M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.37M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.34M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.81M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.36M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.17M	USD	Point-in-time
Current assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$128.00K	USD	Point-in-time
Current assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$120.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.67M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$154.25M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$156.44M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$93.62M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$96.70M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$60.62M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$59.73M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.36M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$90.36M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.41M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$5.25M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.99M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.83M	USD	Point-in-time
Total assets	`Assets`	$201.62M	USD	Point-in-time
Total assets	`Assets`	$191.84M	USD	Point-in-time
Total assets	`Assets`	$190.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.41M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.73M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.76M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.50M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$4.76M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.55M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.87M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$3.00M	USD	Point-in-time
Current liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$131.00K	USD	Point-in-time
Current liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$128.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$15.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.38M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$66.08M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$58.83M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.91M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.06M	USD	Point-in-time
Liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$188.00K	USD	Point-in-time
Liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$195.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$97.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$91.03M	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`	$50.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$78.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$100.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$92.97M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.59M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$191.84M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$190.33M	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$61.01M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$32.76M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$62.31M	USD	2 Qtrs
Net operating revenue	`SalesRevenueNet`	$32.99M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$23.02M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$45.15M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$44.32M	USD	2 Qtrs
Station operating expense	`DirectOperatingCosts`	$21.96M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.89M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.89M	USD	2 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.95M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.94M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$7.80M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$11.97M	USD	2 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$9.09M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$14.10M	USD	2 Qtrs
Interest expense	`InterestExpense`	$458.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$986.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.19M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.03M	USD	1 Quarter
Write-off revolving credit facility debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$1.33M	USD	1 Quarter
Write-off revolving credit facility debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$1.33M	USD	2 Qtrs
Other income , net	`OtherNonoperatingIncomeExpense`	$32.00K	USD	2 Qtrs
Other income , net	`OtherNonoperatingIncomeExpense`	$95.00K	USD	1 Quarter
Other income , net	`OtherNonoperatingIncomeExpense`	$10.00K	USD	2 Qtrs
Other income , net	`OtherNonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.12M	USD	2 Qtrs
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.64M	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.49M	USD	2 Qtrs
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.53M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.46M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$5.22M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.25M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.44M	USD	1 Quarter
Income from continuing operations, net of income tax	`IncomeLossFromContinuingOperations`	$7.90M	USD	2 Qtrs
Income from continuing operations, net of income tax	`IncomeLossFromContinuingOperations`	$3.28M	USD	1 Quarter
Income from continuing operations, net of income tax	`IncomeLossFromContinuingOperations`	$5.03M	USD	2 Qtrs
Income from continuing operations, net of income tax	`IncomeLossFromContinuingOperations`	$5.20M	USD	1 Quarter
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-199.00K	USD	2 Qtrs
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-113.00K	USD	1 Quarter
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-67.00K	USD	1 Quarter
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-65.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.84M	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.77	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.22	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.19	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.86	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.02	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.05	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$1.21	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$1.85	USD	2 Qtrs
Earnings per share	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$1.14	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.22	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.86	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.19	USD	2 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.77	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.02	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.05	USD	2 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.02	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$1.84	USD	2 Qtrs
Earnings per share	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$1.21	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$1.14	USD	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.25M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	2 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.24M	shares	2 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.56M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.76M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.63M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.58M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.50M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.52M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$104.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$74.00K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$92.10M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.33M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.26M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.25M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$99.10M	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.15M	USD	2 Qtrs
Purchase of shares held in treasury	`PaymentsForRepurchaseOfCommonStock`	$80.00K	USD	2 Qtrs
Purchase of shares held in treasury	`PaymentsForRepurchaseOfCommonStock`	$117.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.85M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$666.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	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`	$12.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	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`	$12.86M	USD	Point-in-time

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