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Document And Entity Information
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3 Months Ended | ||
|---|---|---|---|
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Mar. 31, 2013
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Apr. 30, 2013
Common Class A [Member]
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Apr. 30, 2013
Common Class B [Member]
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| Entity Registrant Name | GRAY TELEVISION INC | ||
| Document Type | 10-Q | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Common Stock, Shares Outstanding | 5,753,020 | 52,178,997 | |
| Amendment Flag | false | ||
| Entity Central Index Key | 0000043196 | ||
| Entity Current Reporting Status | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Filer Category | Accelerated Filer | ||
| Entity Well-known Seasoned Issuer | No | ||
| Document Period End Date | Mar. 31, 2013 | ||
| Document Fiscal Year Focus | 2013 | ||
| Document Fiscal Period Focus | Q1 | ||
| X | ||||||||||
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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| X | ||||||||||
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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| X | ||||||||||
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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| X | ||||||||||
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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| X | ||||||||||
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- Definition
Accrued network programming fees No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Current portion of program broadcast obligations. No definition available.
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| X | ||||||||||
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- Definition
Program broadcast obligations, less current portion. No definition available.
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| X | ||||||||||
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- Definition
Current portion of program broadcast rights, net. No definition available.
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| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the aggregate carrying amount of all cost-method investments as reported on or included in the balance sheet. The original cost of the investments may differ from the aggregate carrying amount disclosed due to various adjustments such as: (i) dividends received in excess of earnings after the date of investment that are considered a return of investment and therefore recorded as reductions to cost of the investment, or (ii) a series of operating losses of an investee or other factors which may indicate that a decrease in value of the investment has occurred which is other than temporary and accordingly such decrease in value has been recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net amount of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This represents the noncurrent liability recognized in the balance sheet that is associated with the defined benefit pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the capitalized costs to acquire rights under a license arrangement (for example, to sell specified products in a specified territory) having an indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer, and the aggregate carrying amount of current assets, as of the balance sheet date, not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Total amount of stockholders' equity (deficit) items including stock value, paid in capital, retained earnings and including equity attributable to noncontrolling interests and before deducting the carrying value of treasury stock. No definition available.
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| X | ||||||||||
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)
In Thousands, except Share data, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Allowance for doubtful accounts (in Dollars) | $ 2,226 | $ 2,064 |
|
Common Class B [Member]
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||
| Common stock, shares authorized | 100,000,000 | 100,000,000 |
| Common stock, shares issued | 56,902,996 | 56,503,759 |
| Common stock, par value (in Dollars per share) | ||
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Common Class A [Member]
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||
| Common stock, shares authorized | 15,000,000 | 15,000,000 |
| Common stock, shares issued | 7,331,574 | 7,331,574 |
| Common stock, par value (in Dollars per share) | ||
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Class B Treasury Stock [Member]
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||
| Treasury stock, shares | 4,739,462 | 4,739,462 |
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Class A Treasury Stock [Member]
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||
| Treasury stock, shares | 1,578,554 | 1,578,554 |
| X | ||||||||||
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Issuance value per share of no-par value common stock; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The gains (losses) included in earnings resulting from the sale or disposal of tangible assets. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Accretion of temporary equity during the period due to cash, stock, and in-kind dividends. This item is an adjustment to net income necessary to derive net income apportioned to common stockholders and is to be distinguished from Temporary Equity, Accretion of Dividends (Temporary Equity, Accretion of Dividends). No definition available.
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Condensed Consolidated Statements of Operations (Unaudited) (Parentheticals) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Preferred stock dividends, accretion of issuance cost | $ 0 | $ 77 |
| X | ||||||||||
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- Definition
Value of accretion of temporary equity to its redemption value during the period. This item is an adjustment to net income necessary to derive net income apportioned to common stockholders and is to be distinguished from Temporary Equity, Accretion to Redemption Value (TemporaryEquityAccretionToRedemptionValue). No definition available.
|
|
Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (USD $)
In Thousands, except Share data |
Common Class A [Member]
|
Common Class B [Member]
|
Retained Earnings [Member]
|
Class A Treasury Stock [Member]
|
Class B Treasury Stock [Member]
|
Accumulated Other Comprehensive Income (Loss) [Member]
|
Total
|
|---|---|---|---|---|---|---|---|
| Balance at Dec. 31, 2012 | $ 15,321 | $ 480,773 | $ (269,288) | $ (22,398) | $ (40,303) | $ (20,170) | $ 143,935 |
| Balance (in Shares) at Dec. 31, 2012 | 7,331,574 | 56,503,759 | (1,578,554) | (4,739,462) | |||
| Net income | 870 | 870 | |||||
| 401(k) plan | 7 | 7 | |||||
| 401(k) plan (in Shares) | 2,175 | ||||||
| 2007 Long Term Incentive Plan - restricted stock (in Shares) | 382,062 | ||||||
| 2007 Long Term Incentive Plan - option exercises | 47 | 47 | |||||
| 2007 Long Term Incentive Plan - option exercises (in Shares) | 15,000 | ||||||
| Share-based compensation | 136 | 136 | |||||
| Balance at Mar. 31, 2013 | $ 15,321 | $ 480,963 | $ (268,418) | $ (22,398) | $ (40,303) | $ (20,170) | $ 144,995 |
| Balance (in Shares) at Mar. 31, 2013 | 7,331,574 | 56,902,996 | (1,578,554) | (4,739,462) |
| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares issued during the period to an employee benefit plan, such as a defined contribution or defined benefit plan. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of shares issued during the period to an employee benefit plan, such as a defined contribution or defined benefit plan. No definition available.
|
| X | ||||||||||
|
- Definition
Value of stock issued as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amortization of program broadcast rights. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Payments on program broadcast obligations. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gains (losses) included in earnings resulting from the sale or disposal of tangible assets. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of shares issued during the period to an employee benefit plan, such as a defined contribution or defined benefit plan. No definition available.
|
|
Note 1 - Basis of Presentation
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Mar. 31, 2013
|
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| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
1.
Basis of
Presentation
The
accompanying condensed consolidated balance sheet as of
December 31, 2012, which was derived from the audited
financial statements as of December 31, 2012 of Gray
Television, Inc. (“we”, “us”,
“our”, “Gray” or the
“Company”) and our accompanying unaudited
condensed consolidated financial statements as of March 31,
2013and for the periods ended March 31, 2013 and 2012 have
been prepared in accordance with accounting principles
generally accepted in the United States of America
(“U.S. GAAP”) for interim financial information
and with the instructions to Form 10-Q and Article 10 of
Regulation S-X. Accordingly, certain information
and note disclosures normally included in annual financial
statements prepared in accordance with U.S. GAAP have been
condensed or omitted pursuant to those rules and
regulations, although we believe that the disclosures made
are adequate to make the information not misleading. In our
opinion, all adjustments (consisting only of normal
recurring adjustments) considered necessary for a fair
statement have been included. Our operations consist of one
reportable segment. For further information, refer to the
consolidated financial statements and footnotes thereto
included in our Annual Report on Form 10-K for the year
ended December 31, 2012 (the “2012 Form 10-K”).
Our financial condition as of, and operating results for
the three-month period ended, March 31, 2013 are not
necessarily indicative of the financial condition or
results that may be expected for any future interim period
or for the year ending December 31,
2013.
Seasonality
and Cyclicality
Broadcast
advertising revenues are generally highest in the second and
fourth quarters each year. This seasonality results partly
from increases in consumer advertising in the spring and
retail advertising in the period leading up to and including
the holiday season. Broadcast advertising revenues
are also typically higher in even-numbered years due to
increased spending by political candidates, political parties
and special interest groups in advance of elections. This
political spending typically is heaviest during the fourth
quarter.
Use
of Estimates
The
preparation of financial statements in conformity with U.S.
GAAP requires our management to make estimates and
assumptions that affect the amounts reported in the unaudited
condensed consolidated financial statements and the notes to
the unaudited condensed consolidated financial statements.
Our actual results could differ materially from these
estimates. The most significant estimates we make relate to
our allowance for doubtful accounts in receivables, valuation
of goodwill and intangible assets, amortization of program
broadcast rights and intangible assets, stock-based
compensation, pension costs, income taxes, employee medical
insurance claims, useful lives of property and equipment and
contingencies.
Earnings
Per Share
We compute
basic earnings per share by dividing net income attributable
to common stockholders by the weighted-average number of
common shares outstanding during the relevant period. The
weighted-average number of common shares outstanding does not
include restricted shares. These shares, although classified
as issued and outstanding, are considered contingently
returnable until the restrictions lapse and, in accordance
with U.S. GAAP, are not included in the basic earnings per
share calculation until the shares vest. Diluted earnings per
share is computed by including all potentially dilutive
common shares, including restricted shares and shares
underlying stock options, in the denominator of the diluted
weighted-average shares outstanding calculation, unless their
inclusion would be antidilutive.
The following
table reconciles basic weighted-average shares outstanding to
diluted weighted-average shares outstanding for the
three-month periods ended March 31, 2013 and 2012 (in
thousands):
Accumulated
Other Comprehensive Loss
Our
accumulated other comprehensive loss balances as of March 31,
2013 and December 31, 2012 consist of adjustments to our
pension liability and income tax benefit as follows (in
thousands):
Our
comprehensive income for the three-month periods ended March
31, 2013 and 2012 consists entirely of net income. Therefore,
a consolidated statement of comprehensive income is not
presented for the three-month periods ended March 31, 2013
and 2012.
Property
and Equipment
Property and
equipment are carried at cost. Depreciation is computed
principally by the straight-line
method. Maintenance, repairs and minor
replacements are charged to operations as incurred; major
replacements and betterments are capitalized. The cost of any
assets sold or retired and the related accumulated
depreciation are removed from the accounts at the time of
disposition, and any resulting profit or loss is reflected in
income or expense for the period. The following table lists
components of property and equipment by major category (in
thousands):
Allowance
for Doubtful Accounts
Our
allowance for doubtful accounts is equal to at least 85% of
our receivable balances that are 120 days old or
older. We may provide allowances for certain
receivable balances that are less than 120 days old when
warranted by specific facts and circumstances. We generally
write-off accounts receivable balances when the customer
files for bankruptcy or when all commonly used methods of
collection have been exhausted.
Recent
Accounting Pronouncements
We
have reviewed all recently issued accounting
pronouncements. Of those pronouncements that have
been issued but are not yet effective, we do not anticipate a
material impact upon our financial statements upon our
adoption of those pronouncements. None of the pronouncements
that became effective and were adopted by us during the three
months ended March 31, 2013 had a material effect upon our
results of operations or financial position.
|
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| X | ||||||||||
|
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 2 - Long-term Debt
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Text Block] |
2.
Long-term Debt
As
of March 31, 2013 and December 31, 2012,
long-term debt consisted of our obligations under our
senior credit facility (the “2012 Senior Credit
Facility”) and our 7½% Senior Notes due 2020 (the
“2020 Notes”)
as follows (in thousands):
Our
2012 Senior Credit Facility consists of a revolving loan and
a term loan. Excluding accrued interest, the amount
outstanding under our 2012 Senior Credit Facility as of March
31, 2013 and December 31, 2012 was comprised
solely of a term loan balance of $535.0 million. Our maximum
borrowing availability is limited by our required compliance
with certain restrictive covenants, including a first lien
net leverage ratio covenant. As of March 31, 2013 and
December 31, 2012, we were in compliance with all covenants
required under our debt obligations.
As
of March 31, 2013 and December 31, 2012, we had
$300.0 million of our
2020 Notes outstanding.
As
of March 31, 2013 and December 31, 2012, the interest rate on
the balance outstanding under the 2012 Senior Credit Facility
was 4.8%. As of March 31, 2013 and December 31,
2012, the coupon interest rate and the yield on the Notes
were 7.5% and 7.6%, respectively. The yield on the
Notes exceeds the coupon interest rate because the Notes were
issued with “original issue discount”.
As
of March 31, 2013 and December 31, 2012, we had a deferred
loan cost balance, net of accumulated amortization, of $4.4
million and $4.6 million, respectively, related to the 2012
Senior Credit Facility. As of March 31, 2013 and
December 31, 2012, we had a deferred loan cost balance, net
of accumulated amortization, of $6.8 million and $7.1
million, respectively, related to our 2020 Notes.
Our
obligations under our 2012 Senior Credit Facility are
secured by substantially all of our and our
subsidiaries’ assets, including real estate. In
addition, our subsidiaries are joint and several guarantors
of these obligations and our ownership interests in our
subsidiaries are pledged to collateralize such obligations.
The 2012 Senior Credit Facility contains affirmative and
restrictive covenants that we must comply with, including (a)
limitations on additional indebtedness, (b) limitations on
liens, (c) limitations on the sale of assets, (d) limitations
on guarantees, (e) limitations on investments and
acquisitions, (f) limitations on the payment of dividends and
share repurchases, (g) limitations on mergers, and (h)
maintenance of a total leverage ratio as set forth in the
2012 Senior Credit Facility not to exceed certain maximum
limits, as well as other customary covenants for credit
facilities of this type.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 3 - Fair Value Measurement
|
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Fair Value Disclosures [Text Block] |
3.
Fair Value
Measurement
To
determine fair value, we utilize market data or assumptions
that market participants would use in pricing an asset or
liability, including assumptions about risk and the risks
inherent in the inputs to the valuation technique. These
inputs can be readily observable, market corroborated or
generally unobservable. We utilize valuation
techniques that maximize the use of observable inputs and
minimize the use of unobservable inputs. These inputs are
prioritized into a hierarchy that gives the highest priority
to unadjusted quoted prices in active markets for identical
assets or liabilities (“Level 1”) and the lowest
priority to unobservable inputs that require assumptions to
measure fair value (“Level 3”). Level
2 inputs are those that are other than quoted prices on
national exchanges included within Level 1 that are
observable for the asset or liability either directly or
indirectly (“Level 2”).
Fair
Value of Other Financial Instruments
The
estimated fair value of other financial instruments is
determined using market information and appropriate valuation
methodologies. Interpreting market data to develop fair value
estimates involves considerable judgment. The use of
different market assumptions may have a material effect on
the estimated fair value amounts. Accordingly, the
estimates presented are not necessarily indicative of the
amounts that we could realize in a current market exchange,
or the value that ultimately will be realized upon maturity
or disposition.
The
carrying amounts of the following instruments approximate
fair value due to their short term to maturity: (i) accounts
receivable, (ii) prepaid and other current assets, (iii)
accounts payable, (iv) accrued employee compensation and
benefits, (v) accrued interest, (vi) other accrued expenses,
(vii) acquisition-related liabilities and (viii) deferred
revenue.
The
carrying amount of our long-term debt was $832.9 million and
$832.9 million, respectively, and the fair value was $860.4
million and $844.4 million, respectively, as
of March 31, 2013 and December 31, 2012. We
classify long-term debt within Level 2 of the fair value
hierarchy. Fair value of our long-term debt is based on
observable estimates provided by third party financial
professionals as of March 31, 2013 and December 31,
2012.
|
| X | ||||||||||
|
- Definition
The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 4 - Retirement Plans
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension and Other Postretirement Benefits Disclosure [Text Block] |
4.
Retirement Plans
The
following table provides the components of net periodic
benefit cost for our pension plans for the three- month
periods ended March 31, 2013 and 2012, respectively (in
thousands):
During
the three months ended March 31, 2013, we contributed $1.5
million to our pension plans. During the remainder
of 2013, we expect to contribute an additional $1.6 million
to $6.5 to our pension
plans.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Stock-based Compensation
|
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Mar. 31, 2013
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| Disclosure of Compensation Related Costs, Share-based Payments [Text Block] |
5.
Stock-based Compensation
We
recognize compensation expense for stock-based payment awards
made to our employees and directors, including stock options
and restricted shares under our 2007 Long-Term Incentive Plan
and our Directors’ Restricted Stock
Plan. The following table provides our stock-based
compensation expense and related income tax benefit for the
three-month periods ended March 31, 2013 and 2012,
respectively (in thousands).
Long-term
Incentive Plan
The
2007 Long Term Incentive Plan, as amended (the “2007
Incentive Plan”), provides for the grant of incentive
stock options, nonqualified stock options, restricted stock
awards, stock appreciation rights, and performance awards to
our officers, employees and non-employee directors to acquire
shares of our Class A common stock, common stock or to
receive other awards based on our performance. During the
three-month period ended March 31, 2013, we granted 318,852
shares of restricted common stock to our executive officers.
One-third of these shares will vest on each of March 19,
2014, March 19, 2015 and March 19, 2016. Also during the
three-month period ended March 31, 2013, we granted 63,210
shares of restricted common stock to our non-employee
directors. These shares will vest on January 1, 2014. We did
not grant any awards under the 2007 Incentive Plan during the
three-month period ended March 31, 2012.
A
summary of restricted stock activity related to our common
stock for the three-month periods ended March 31, 2013 and
2012 is as follows:
A
summary of stock option activity related to our common stock
for the three-month periods ended March 31, 2013 and 2012 is
as follows:
For
the three-month period ended March 31, 2013, we did not have
any stock options or restricted stock outstanding for our
Class A common stock. The
aggregate intrinsic value of our stock options was $1.0 million based on
the closing market price of our common stock
on March 31, 2013.
Directors’
Restricted Stock Plan
The
Directors’ Restricted Stock Plan authorizes the grant
of restricted stock awards to our non-employee directors.
During the three-month periods ended March 31, 2013 and 2012,
we did not grant any restricted stock awards under our
Directors’ Restricted Stock Plan.
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| X | ||||||||||
|
- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 6 - Commitments and Contingencies
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3 Months Ended |
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Mar. 31, 2013
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| Commitments and Contingencies Disclosure [Text Block] |
6.
Commitments and Contingencies
Legal
Proceedings and Claims
From
time to time, we are or may become subject to legal
proceedings and claims that arise in the normal course of our
business. In our opinion, the amount of ultimate
liability, if any, with respect to known actions, will not
materially affect our financial position. However, the
outcome of any one or more matters cannot be predicted with
certainty, and the unfavorable resolution of any matter could
have a material adverse effect on us.
Sports
Marketing Agreement
On
October 12, 2004, the University of Kentucky
(“UK”) awarded a sports marketing agreement
jointly to us and IMG Worldwide, Inc. (“IMG”)
(the “UK Agreement”). The UK Agreement expires
April 15, 2015.
The
UK Agreement provides that we will share in profits in excess
of certain amounts specified by the agreement, if any, but
not losses. The agreement also provides that we will
separately retain all local broadcast advertising revenue and
pay all local broadcast expenses for activities under the
agreement. Under the agreement, IMG agreed to make all
license fee payments to UK. However, if IMG is unable to pay
the license fee to UK, we will then be required to pay the
unpaid portion of the license fee to UK. As of March 31,
2013, the aggregate license fee to be paid by IMG to UK over
the remaining term of the agreement is approximately $21.7
million. If we make advances on behalf of IMG, IMG is
required to reimburse us for the amount paid within 60 days
after the close of each contract year, which ends on June
30th. IMG has also agreed to pay interest on any advance at a
rate equal to the prime rate. During the three-month period
ended March 31, 2013, we did not advance any amounts to UK on
behalf of IMG under this agreement. As of March
31, 2013, we do not consider the risk of non-performance by
IMG to be high.
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| X | ||||||||||
|
- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 7 - Goodwill and Intangible Assets
|
3 Months Ended |
|---|---|
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Mar. 31, 2013
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| Goodwill and Intangible Assets Disclosure [Text Block] |
7.
Goodwill and Intangible Assets
Our
intangible assets are primarily comprised of network
affiliations and broadcast licenses. We purchased
broadcast licenses for approximately $1.2 million during the
three-month period ended March 31, 2013. There
were no triggering events that required a test of impairment
of our goodwill or intangible assets during the three-month
period ended March 31, 2013.
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| X | ||||||||||
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- Definition
The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 8 - Income Taxes
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Mar. 31, 2013
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| Income Tax Disclosure [Text Block] |
8.
Income Taxes
For
the three-month periods ended March 31, 2013 and 2012, our
income tax expense and
effective income tax rates were as follows (dollars in
thousands):
We
estimate our differences between taxable income or loss and
recorded income or loss on an annual basis. Our tax provision
for each quarter is based upon these full year projections
which are revised each reporting period. These projections
incorporate estimates of permanent differences between U.S.
GAAP income or loss and taxable income or loss, state income
taxes and adjustments to our liability for unrecognized tax
benefits to adjust our statutory Federal income tax rate of
35.0% to our effective income tax rate. For the
three-month period ended March 31, 2013, these estimates
increased or decreased our statutory Federal income tax rate
of 35.0% to our effective income tax rate of 65.5%
as follows: an adjustment specific to the current quarter
resulting from the expiration of certain unexercised stock
options added 24.6%, state income taxes added 4.7%, permanent
differences between our U.S. GAAP income and taxable income
added 1.6% and adjustments to our reserve for uncertain tax
positions resulted in a reduction of 0.4%.
For the three-month period ended March 31, 2012, these
estimates increased or decreased our statutory Federal income
tax rate of 35.0% to our effective income tax rate of 40.4%
as follows: state income taxes added 6.3%, permanent
differences between our U.S. GAAP income and taxable income
added 0.6%, and adjustments to our reserve for uncertain
tax positions resulted in a reduction of 1.5%.
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| X | ||||||||||
|
- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accounting Policies, by Policy (Policies)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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| Use of Estimates, Policy [Policy Text Block] | Use
of Estimates
The
preparation of financial statements in conformity with U.S.
GAAP requires our management to make estimates and
assumptions that affect the amounts reported in the unaudited
condensed consolidated financial statements and the notes to
the unaudited condensed consolidated financial statements.
Our actual results could differ materially from these
estimates. The most significant estimates we make relate to
our allowance for doubtful accounts in receivables, valuation
of goodwill and intangible assets, amortization of program
broadcast rights and intangible assets, stock-based
compensation, pension costs, income taxes, employee medical
insurance claims, useful lives of property and equipment and
contingencies. |
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| Earnings Per Share, Policy [Policy Text Block] | Earnings
Per Share
We compute
basic earnings per share by dividing net income attributable
to common stockholders by the weighted-average number of
common shares outstanding during the relevant period. The
weighted-average number of common shares outstanding does not
include restricted shares. These shares, although classified
as issued and outstanding, are considered contingently
returnable until the restrictions lapse and, in accordance
with U.S. GAAP, are not included in the basic earnings per
share calculation until the shares vest. Diluted earnings per
share is computed by including all potentially dilutive
common shares, including restricted shares and shares
underlying stock options, in the denominator of the diluted
weighted-average shares outstanding calculation, unless their
inclusion would be antidilutive.
The following
table reconciles basic weighted-average shares outstanding to
diluted weighted-average shares outstanding for the
three-month periods ended March 31, 2013 and 2012 (in
thousands):
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| Comprehensive Income, Policy [Policy Text Block] | Accumulated
Other Comprehensive Loss
Our
accumulated other comprehensive loss balances as of March 31,
2013 and December 31, 2012 consist of adjustments to our
pension liability and income tax benefit as follows (in
thousands):
Our
comprehensive income for the three-month periods ended March
31, 2013 and 2012 consists entirely of net income. Therefore,
a consolidated statement of comprehensive income is not
presented for the three-month periods ended March 31, 2013
and 2012. |
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| Property, Plant and Equipment, Policy [Policy Text Block] | Property
and Equipment
Property and
equipment are carried at cost. Depreciation is computed
principally by the straight-line
method. Maintenance, repairs and minor
replacements are charged to operations as incurred; major
replacements and betterments are capitalized. The cost of any
assets sold or retired and the related accumulated
depreciation are removed from the accounts at the time of
disposition, and any resulting profit or loss is reflected in
income or expense for the period. The following table lists
components of property and equipment by major category (in
thousands):
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| Receivables, Policy [Policy Text Block] | Allowance
for Doubtful Accounts
Our
allowance for doubtful accounts is equal to at least 85% of
our receivable balances that are 120 days old or
older. We may provide allowances for certain
receivable balances that are less than 120 days old when
warranted by specific facts and circumstances. We generally
write-off accounts receivable balances when the customer
files for bankruptcy or when all commonly used methods of
collection have been exhausted. |
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| New Accounting Pronouncements, Policy [Policy Text Block] | Recent
Accounting Pronouncements
We
have reviewed all recently issued accounting
pronouncements. Of those pronouncements that have
been issued but are not yet effective, we do not anticipate a
material impact upon our financial statements upon our
adoption of those pronouncements. None of the pronouncements
that became effective and were adopted by us during the three
months ended March 31, 2013 had a material effect upon our
results of operations or financial position. |
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| Fair Value Measurement, Policy [Policy Text Block] | To
determine fair value, we utilize market data or assumptions
that market participants would use in pricing an asset or
liability, including assumptions about risk and the risks
inherent in the inputs to the valuation technique. These
inputs can be readily observable, market corroborated or
generally unobservable. We utilize valuation
techniques that maximize the use of observable inputs and
minimize the use of unobservable inputs. These inputs are
prioritized into a hierarchy that gives the highest priority
to unadjusted quoted prices in active markets for identical
assets or liabilities (“Level 1”) and the lowest
priority to unobservable inputs that require assumptions to
measure fair value (“Level 3”). Level
2 inputs are those that are other than quoted prices on
national exchanges included within Level 1 that are
observable for the asset or liability either directly or
indirectly (“Level 2”).
Fair
Value of Other Financial Instruments
The
estimated fair value of other financial instruments is
determined using market information and appropriate valuation
methodologies. Interpreting market data to develop fair value
estimates involves considerable judgment. The use of
different market assumptions may have a material effect on
the estimated fair value amounts. Accordingly, the
estimates presented are not necessarily indicative of the
amounts that we could realize in a current market exchange,
or the value that ultimately will be realized upon maturity
or disposition.
The
carrying amounts of the following instruments approximate
fair value due to their short term to maturity: (i) accounts
receivable, (ii) prepaid and other current assets, (iii)
accounts payable, (iv) accrued employee compensation and
benefits, (v) accrued interest, (vi) other accrued expenses,
(vii) acquisition-related liabilities and (viii) deferred
revenue.
The
carrying amount of our long-term debt was $832.9 million and
$832.9 million, respectively, and the fair value was $860.4
million and $844.4 million, respectively, as
of March 31, 2013 and December 31, 2012. We
classify long-term debt within Level 2 of the fair value
hierarchy. Fair value of our long-term debt is based on
observable estimates provided by third party financial
professionals as of March 31, 2013 and December 31,
2012. |
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| Goodwill and Intangible Assets, Policy [Policy Text Block] | Our
intangible assets are primarily comprised of network
affiliations and broadcast licenses. We purchased
broadcast licenses for approximately $1.2 million during the
three-month period ended March 31, 2013. There
were no triggering events that required a test of impairment
of our goodwill or intangible assets during the three-month
period ended March 31, 2013. |
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| X | ||||||||||
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- Definition
Disclosure of accounting policy for comprehensive income. No definition available.
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| X | ||||||||||
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- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Disclosure of accounting policy for fair value measurements, which may include, but is not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Disclosure of the adoption of new accounting pronouncements that may impact the entity's financial reporting. No definition available.
|
| X | ||||||||||
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- Definition
Disclosure of accounting policy for property, plant and equipment which may include the basis of such assets, depreciation methods used and estimated useful lives, the entity's capitalization policy, including its accounting treatment for costs incurred for repairs and maintenance activities, whether such asset balances include capitalized interest and the method by which such is calculated, how disposals of such assets are accounted for and how impairment of such assets is assessed and recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 1 - Basis of Presentation (Tables)
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Mar. 31, 2013
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| Schedule of Weighted Average Number of Shares [Table Text Block] |
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| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
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| Property, Plant and Equipment [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 2 - Long-term Debt (Tables)
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Mar. 31, 2013
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| Schedule of Debt [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
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Note 4 - Retirement Plans (Tables)
|
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Mar. 31, 2013
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| Schedule of Net Benefit Costs [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 5 - Stock-based Compensation (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Mar. 31, 2013
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| Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] |
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| Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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| X | ||||||||||
|
- Definition
Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Tabular disclosure of the changes in outstanding nonvested restricted stock units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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Note 8 - Income Taxes (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Mar. 31, 2013
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| Schedule Of Income Tax Expense Benefit And Effective Income Tax Rate [Table Text Block] |
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| X | ||||||||||
|
- Definition
Schedule of income tax expense benefit and effective income tax rate. No definition available.
|
|
Note 1 - Basis of Presentation (Detail)
|
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Number of Reportable Segments | 1 |
| Property, Plant and Equipment, Depreciation Methods | straight-line |
| Minimum Percentage of Receivable Balances for creating Allowance for Doubtful Accounts | 85.00% |
| Period for Creating Allowance for Doubtful Accounts | 120 days |
| X | ||||||||||
|
- Definition
Minimum percentage of receivable balances for creating allowance for doubtful accounts. No definition available.
|
| X | ||||||||||
|
- Definition
Period for creating allowance for doubtful accounts. No definition available.
|
| X | ||||||||||
|
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
|
- Definition
Describes an entity's methodology for allocating the cost of a property, plant or equipment, less salvage value (if any), over the estimated useful life of the asset in a systematic and rational manner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 1 - Basis of Presentation (Detail) - Reconciliation of basic weighted-average shares outstanding to diluted weighted-average shares outstanding
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Weighted-average shares outstanding-basic | 57,523 | 57,148 |
| Common stock equivalents for stock options and restricted stock | 178 | |
| Weighted-average shares outstanding-diluted | 57,701 | 57,148 |
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 1 - Basis of Presentation (Detail) - Accumulated other comprehensive loss (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Accumulated balances of items included in accumulated other comprehensive loss: | ||
| Increase in pension liability | $ (33,065) | $ (33,065) |
| Income tax benefit | (12,895) | (12,895) |
| Accumulated other comprehensive loss | $ (20,170) | $ (20,170) |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Pension and other postretirement benefit plans accumulated other comprehensive income loss minimum pension liability tax. No definition available.
|
| X | ||||||||||
|
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax amount of additional minimum pension liability not yet recognized as a net periodic pension cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 1 - Basis of Presentation (Detail) - Property and equipment (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 3 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Mar. 31, 2013
Land [Member]
|
Dec. 31, 2012
Land [Member]
|
Mar. 31, 2013
Building and Building Improvements [Member]
Minimum [Member]
|
Mar. 31, 2013
Building and Building Improvements [Member]
Maximum [Member]
|
Mar. 31, 2013
Building and Building Improvements [Member]
|
Dec. 31, 2012
Building and Building Improvements [Member]
|
Mar. 31, 2013
Equipment [Member]
Minimum [Member]
|
Mar. 31, 2013
Equipment [Member]
Maximum [Member]
|
Mar. 31, 2013
Equipment [Member]
|
Dec. 31, 2012
Equipment [Member]
|
|
| Property and equipment: | ||||||||||||
| Gross value | $ 399,147 | $ 393,853 | $ 24,399 | $ 24,383 | $ 56,024 | $ 55,709 | $ 318,724 | $ 313,761 | ||||
| Estimated useful lives | 7 | 40 | 3 | 20 | ||||||||
| Accumulated depreciation | (264,040) | (258,715) | ||||||||||
| Total property and equipment, net | $ 135,107 | $ 135,138 | ||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Describes the periods of time over which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 2 - Long-term Debt (Detail) (USD $)
|
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
|
Term Loan 2012 [Member]
|
||
| Line of Credit Facility, Amount Outstanding | $ 535,000,000 | $ 535,000,000 |
|
2020 Notes [Member]
|
||
| Unsecured Debt | 300,000,000 | 300,000,000 |
| Debt Instrument, Interest Rate, Stated Percentage | 7.50% | 7.50% |
| Debt Instrument, Interest Rate, Effective Percentage | 7.60% | 7.60% |
| Deferred Finance Costs, Net | 6,800,000 | 7,100,000 |
|
Senior Credit Facility 2012 [Member]
|
||
| Line of Credit Facility, Amount Outstanding | 535,000,000 | 535,000,000 |
| Debt Instrument, Interest Rate at Period End | 4.80% | 4.80% |
| Deferred Finance Costs, Net | $ 4,400,000 | $ 4,600,000 |
| X | ||||||||||
|
- Definition
The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 2 - Long-term Debt (Detail) - Long-term debt (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Long-term debt including current portion: | ||
| Total long-term debt including current portion at liquidation value | $ 835,000 | $ 835,000 |
| Total long-term debt at recorded value | 832,936 | 832,867 |
|
Senior Credit Facility 2012 [Member]
|
||
| Long-term debt including current portion: | ||
| 2012 Senior Credit Facility | 535,000 | 535,000 |
| Borrowing availability under the 2012 Senior Credit Facility | 40,000 | 40,000 |
|
2020 Notes [Member]
|
||
| Long-term debt including current portion: | ||
| 2020 Notes | 300,000 | 300,000 |
| Less unamortized discount on our 2020 Notes | $ (2,064) | $ (2,133) |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date before deducting unamortized discount or premiums (if any). May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 3 - Fair Value Measurement (Detail) (USD $)
|
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Long-term Debt | $ 832,936,000 | $ 832,867,000 |
| Long-term Debt, Fair Value | $ 860,400,000 | $ 844,400,000 |
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
|
Note 4 - Retirement Plans (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Defined Benefit Plan, Contributions by Employer | $ 1.5 |
|
Minimum [Member]
|
|
| Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year | 1.6 |
|
Maximum [Member]
|
|
| Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year | $ 6.5 |
| X | ||||||||||
|
- Definition
The increase in the fair value of plan assets from contributions made by the employer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The employer's best estimate, as soon as it can be reasonably determined, of contributions expected to be paid to the plan in the current remaining fiscal period. Estimated contributions may be presented in the aggregate combining (1) contributions required by funding regulations or laws, (2) discretionary contributions, and (3) noncash contributions. No definition available.
|
|
Note 4 - Retirement Plans (Detail) - Components of net periodic benefit cost for our pension plans (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Service cost | $ 1,325 | $ 1,147 |
| Interest cost | 917 | 830 |
| Expected return on plan assets | (830) | (682) |
| Loss amortization | 742 | 576 |
| Net periodic benefit cost | $ 2,154 | $ 1,871 |
| X | ||||||||||
|
- Definition
The amount of gains or losses recognized in net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Stock-based Compensation (Detail) (USD $)
In Millions, except Share data, unless otherwise specified |
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value (in Dollars) | $ 1.0 |
|
Executive Officers [Member]
|
|
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 318,852 |
|
Non-Employee Directors [Member]
|
|
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 63,210 |
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise prices of fully vested and expected to vest options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Stock-based Compensation (Detail) - Stock-based compensation expense and related income tax benefit (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Stock-based compensation expense, gross | $ 136 | $ 14 |
| Income tax benefit at our statutory rate associated with stock-based compensation | (53) | (5) |
| Stock-based compensation expense, net | $ 83 | $ 9 |
| X | ||||||||||
|
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of expense, net of income tax, recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. No definition available.
|
| X | ||||||||||
|
- Definition
The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Stock-based Compensation (Detail) - Summary of restricted shares (Incentive Plan 2007 [Member], USD $)
|
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
|
Incentive Plan 2007 [Member]
|
||
| Restricted stock - common: | ||
| Outstanding - beginning of period | 0 | 0 |
| Outstanding - beginning of period (in Dollars per share) | $ 0 | |
| Granted | 382,062 | 0 |
| Granted (in Dollars per share) | $ 4.43 | |
| Outstanding - end of period | 382,062 | 0 |
| Outstanding - end of period (in Dollars per share) | $ 4.43 | |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Stock-based Compensation (Detail) - Summary of award activity related to our common stock (Incentive Plan 2007 [Member], USD $)
|
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
|
Incentive Plan 2007 [Member]
|
||
| Stock options - common: | ||
| Outstanding - beginning of period | 1,316,068 | 1,002,350 |
| Outstanding - beginning of period (in Dollars per share) | $ 5.98 | $ 7.50 |
| Options exercised | (15,000) | |
| Options exercised (in Dollars per share) | $ 3.11 | |
| Options expired | (921,500) | (32,150) |
| Options expired (in Dollars per share) | $ 7.64 | $ 8.61 |
| Outstanding - end of period | 379,568 | 970,200 |
| Outstanding - end of period (in Dollars per share) | $ 2.06 | $ 7.47 |
| Exercisable at end of period | 20,000 | 970,200 |
| Exercisable at end of period (in Dollars per share) | $ 3.23 | $ 7.47 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of options or other stock instruments for which the right to exercise has lapsed under the terms of the plan agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options of the plan that expired. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 6 - Commitments and Contingencies (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| License Costs | $ 21.7 |
| X | ||||||||||
|
- Definition
Costs incurred and are directly related to generating license revenue. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 7 - Goodwill and Intangible Assets (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Payments to Acquire Intangible Assets (in Dollars) | $ 1,247 |
| X | ||||||||||
|
- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 8 - Income Taxes (Detail)
|
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate | 35.00% | 35.00% |
| Effective Income Tax Rate, Continuing Operations | 65.50% | 40.40% |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost | 24.60% | |
| Effective Income Tax Rate Reconciliation, State and Local Income Taxes | 4.70% | 6.30% |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense | 1.60% | 0.60% |
| Effective Income Tax Rate Reconciliation, Other Adjustments | 0.40% | 1.50% |
| X | ||||||||||
|
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the differences between the effective income tax rate and domestic federal statutory income tax rate attributable to all nondeductible expenses under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to differences in the deductibility or nondeductibility of incentive stock options and other equity-based compensation costs in accordance with generally accepted accounting principles and enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to all other items not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the state and local income tax expense or benefit, net of the federal tax benefit (expense) thereon, recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 8 - Income Taxes (Detail) - Income tax expense benefit and effective income tax rate (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Income tax expense (in Dollars) | $ 1,651 | $ 2,289 |
| Effective income tax rate | 65.50% | 40.40% |
| X | ||||||||||
|
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|