10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-462737`
Period End Date	20120930
Filing Date	20121109
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	sga-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 77 Cash Flow Statement 27

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.55M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.16M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.91M	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`	$1.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.21M	USD	Point-in-time
Current assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$127.00K	USD	Point-in-time
Current assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$120.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.02M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$154.25M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$156.69M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$93.62M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$97.29M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$59.40M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$60.62M	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`	$5.51M	USD	Point-in-time
Assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.99M	USD	Point-in-time
Assets of station held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.81M	USD	Point-in-time
Total assets	`Assets`	$190.33M	USD	Point-in-time
Total assets	`Assets`	$192.19M	USD	Point-in-time
Total assets	`Assets`	$197.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.73M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.73M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.51M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.18M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$2.50M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.77M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.55M	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`	$125.00K	USD	Point-in-time
Current liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$128.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$16.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.38M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$58.83M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$66.08M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.06M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.23M	USD	Point-in-time
Liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$170.00K	USD	Point-in-time
Liabilities of station held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$195.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$91.94M	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`	$50.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$83.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.83M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.67M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$28.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$105.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$92.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$197.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$190.33M	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$94.72M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$32.41M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$93.04M	USD	3 Qtrs
Net operating revenue	`SalesRevenueNet`	$32.03M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$22.94M	USD	1 Quarter
Station operating expense	`DirectOperatingCosts`	$66.70M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$68.09M	USD	3 Qtrs
Station operating expense	`DirectOperatingCosts`	$22.38M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.97M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.85M	USD	3 Qtrs
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.91M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$5.80M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$22.22M	USD	3 Qtrs
Operating income from continuing operations	`OperatingIncomeLoss`	$7.12M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$8.12M	USD	1 Quarter
Operating income from continuing operations	`OperatingIncomeLoss`	$19.10M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.84M	USD	3 Qtrs
Interest expense	`InterestExpense`	$646.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.37M	USD	3 Qtrs
Interest expense	`InterestExpense`	$381.00K	USD	1 Quarter
Write-off revolving credit facility debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$1.33M	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-135.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-27.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$5.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-145.00K	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.94M	USD	3 Qtrs
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.59M	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.45M	USD	1 Quarter
Income from continuing operations before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.72M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.47M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.23M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$8.45M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$5.93M	USD	3 Qtrs
Income from continuing operations, net of income tax	`IncomeLossFromContinuingOperations`	$4.37M	USD	1 Quarter
Income from continuing operations, net of income tax	`IncomeLossFromContinuingOperations`	$12.27M	USD	3 Qtrs
Income from continuing operations, net of income tax	`IncomeLossFromContinuingOperations`	$9.01M	USD	3 Qtrs
Income from continuing operations, net of income tax	`IncomeLossFromContinuingOperations`	$3.98M	USD	1 Quarter
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-39.00K	USD	1 Quarter
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-482.00K	USD	3 Qtrs
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-283.00K	USD	1 Quarter
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-104.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.53M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.69M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.03	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.89	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.94	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.13	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.07	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.12	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.02	USD	3 Qtrs
Earnings per share	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$2.87	USD	3 Qtrs
Earnings per share	`EarningsPerShareBasic`	$1.02	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$2.01	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.94	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.03	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.89	USD	3 Qtrs
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.12	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.11	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.03	USD	3 Qtrs
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.07	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$1.02	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$2.86	USD	3 Qtrs
Earnings per share	`EarningsPerShareDiluted`	$0.87	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$2.01	USD	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.25M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	3 Qtrs
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	4.24M	shares	3 Qtrs
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.24M	shares	3 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	3 Qtrs

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.52M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.42M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.14M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.90M	USD	3 Qtrs
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$1.02M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-67.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$154.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.06M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.06M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.25M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$111.85M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$92.10M	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.15M	USD	3 Qtrs
Purchase of shares held in treasury	`PaymentsForRepurchaseOfCommonStock`	$80.00K	USD	3 Qtrs
Purchase of shares held in treasury	`PaymentsForRepurchaseOfCommonStock`	$117.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.33M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.02M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.65M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.13M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12M	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`	$12.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12M	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`	$12.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.55M	USD	Point-in-time

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