Beasley Broadcast (BBGI) 10-Q 5 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 28, 2014	Apr. 28, 2014
		Class A Common Stock [Member]	Class B Common Stock [Member]
Document Information [Line Items]	'	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Mar-14	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Entity Registrant Name	'BEASLEY BROADCAST GROUP INC	'	'
Entity Central Index Key	'0001099160	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Common Stock, Shares Outstanding	'	6,438,675	16,662,743

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$12,718,988	$14,299,013
Accounts receivable, less allowance for doubtful accounts of $499,865 in 2013 and $517,545 in 2014	15,685,615	17,195,453
Prepaid expenses	2,557,205	1,459,757
Deferred tax assets	385,043	374,660
Other current assets	2,365,394	2,522,797
Total current assets	33,712,245	35,851,680
Notes receivable from related parties	2,207,041	2,305,502
Property and equipment, net	20,713,343	20,136,777
FCC broadcasting licenses	186,239,864	186,174,864
Goodwill	13,629,364	13,629,364
Other assets	5,830,451	6,110,702
Total assets	262,332,308	264,208,889
Current liabilities:	'	'
Current portion of long-term debt	2,937,500	4,250,000
Accounts payable	1,487,028	1,675,130
Other current liabilities	8,108,139	8,391,168
Total current liabilities	12,532,667	14,316,298
Long-term debt, net of current portion	100,562,500	102,625,000
Deferred tax liabilities	55,012,711	52,771,252
Other long-term liabilities	840,807	870,245
Total liabilities	168,948,685	170,582,795
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued	'	'
Additional paid-in capital	117,604,786	117,130,362
Treasury stock, Class A common stock; 2,788,608 in 2013; 2,827,354 shares in 2014	-15,081,703	-14,729,984
Accumulated deficit	-9,168,407	-8,824,642
Accumulated other comprehensive income	3,018	24,622
Stockholders' equity	93,383,623	93,626,094
Total liabilities and stockholders' equity	262,332,308	264,208,889
Class A Common Stock [Member]	'	'
Stockholders' equity:	'	'
Common stock	9,267	9,074
Class B Common Stock [Member]	'	'
Stockholders' equity:	'	'
Common stock	$16,662	$16,662

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Accounts receivable, less allowance for doubtful accounts	$517,545	$499,865
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Treasury stock, Class A common stock shares	2,827,354	2,788,608
Class A Common Stock [Member]	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	9,267,704	9,073,940
Common stock, shares outstanding	6,440,350	6,285,332
Class B Common Stock [Member]	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	16,662,743	16,662,743
Common stock, shares outstanding	16,662,743	16,662,743

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'
Net revenue	$24,219,269	$24,812,469
Operating expenses:	'	'
Station operating expenses (including stock-based compensation of $7,238 in 2013 and $79,598 in 2014 and excluding depreciation and amortization shown separately below)	17,102,140	16,703,004
Corporate general and administrative expenses (including stock-based compensation of $129,975 in 2013 and $276,904 in 2014)	2,275,004	2,094,009
Depreciation and amortization	606,562	564,695
Total operating expenses	19,983,706	19,361,708
Operating income	4,235,563	5,450,761
Non-operating income (expense):	'	'
Interest expense	-1,223,715	-2,047,874
Other income (expense), net	24,262	46,029
Income before income taxes	3,036,110	3,448,916
Income tax expense	2,353,238	1,028,429
Net income	682,872	2,420,487
Other comprehensive income:	'	'
Unrealized loss on securities (net of income tax benefit of $8,747 in 2013 and $13,368 in 2014)	-21,604	-13,902
Comprehensive income	$661,268	$2,406,585
Net income per share:	'	'
Basic and diluted	$0.03	$0.11
Dividends declared per common share	$0.05	'
Weighted average shares outstanding:	'	'
Basic	22,782,661	22,711,541
Diluted	22,843,287	22,726,909

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Stock-based compensation	$356,502	$137,213
Unrealized loss on securities, income tax expense	13,368	8,747
Station Operating Expenses [Member]	'	'
Stock-based compensation	79,598	7,238
Corporate General and Administrative Expenses [Member]	'	'
Stock-based compensation	$276,904	$129,975

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net income	$682,872	$2,420,487
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Stock-based compensation	356,502	137,213
Provision for bad debts	155,649	278,900
Depreciation and amortization	606,562	564,695
Amortization of loan fees	104,526	150,133
Deferred income taxes	2,216,473	957,399
Change in operating assets and liabilities:	'	'
Accounts receivable	1,354,189	1,160,157
Prepaid expenses	-1,097,448	-1,177,706
Other assets	28,050	109,920
Accounts payable	-188,102	-257,225
Other liabilities	-133,513	-448,005
Other operating activities	128,581	38,508
Net cash provided by operating activities	4,214,341	3,934,476
Cash flows from investing activities:	'	'
Capital expenditures	-1,188,683	-286,876
Payments for translator licenses	-65,000	-30,000
Repayment of notes receivable from related parties	98,461	73,591
Net cash used in investing activities	-1,155,222	-243,285
Cash flows from financing activities:	'	'
Principal payments on indebtedness	-3,375,000	-1,000,000
Tax benefit from vesting of restricted stock	111,114	48,125
Dividends paid	-1,023,539	'
Payments for treasury stock	-351,719	-176,512
Net cash used in financing activities	-4,639,144	-1,128,387
Net increase (decrease) in cash and cash equivalents	-1,580,025	2,562,804
Cash and cash equivalents at beginning of period	14,299,013	11,660,648
Cash and cash equivalents at end of period	12,718,988	14,223,452
Cash paid for interest	1,119,189	1,816,398
Cash paid for income taxes	130,095	205,495
Supplement disclosure of non-cash investing and financing activities:	'	'
Property and equipment acquired through placement of advertising airtime	'	29,943
Dividends declared but unpaid	$1,026,637	'

Interim_Financial_Statements

Interim Financial Statements	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Interim Financial Statements	'
	-1	Interim Financial Statements
	The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of Beasley Broadcast Group, Inc. and its subsidiaries (the “Company”) included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the financial statements reflect all adjustments necessary for a fair statement of the financial position and results of operations for the interim periods presented and all such adjustments are of a normal and recurring nature. The Company’s results are subject to seasonal fluctuations therefore the results shown on an interim basis are not necessarily indicative of results for the full year.

FCC_Broadcasting_Licenses

FCC Broadcasting Licenses	3 Months Ended
	Mar. 31, 2014
Text Block [Abstract]	'
FCC Broadcasting Licenses	'
	-2	FCC Broadcasting Licenses
	The change in the carrying amount of FCC broadcasting licenses for the three months ended March 31, 2014 is as follows:
	Balance as of December 31, 2013		$	186,174,864
	Acquisition of translator licenses			65,000
	Balance as of March 31, 2014		$	186,239,864
	On March 1, 2014, the Company placed in service two FM translator licenses acquired from CTC Media Group for $65,000. The translator licenses allow the Company to rebroadcast the programming of one of its radio stations in Greenville-New Bern-Jacksonville, NC on the FM band over an expanded area of coverage. Translator licenses are generally granted for renewable terms of eight years and are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that they might be impaired.

Derivative_Financial_Instrumen

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2014
Derivative Instruments And Hedging Activities Disclosure [Abstract]	'
Derivative Financial Instruments	'
	-3	Derivative Financial Instruments
	The Company is a party to two interest rate cap agreements which limit its cost of variable rate debt on a portion of its term loans. The interest rate cap agreements have an aggregate notional amount of $57.5 million and cap LIBOR at 1% on an equivalent amount of the Company’s term loans. The interest rate cap agreements expire in the third quarter of 2014. The interest rate caps were not designated as hedging instruments. The fair value of the interest rate caps, reported in other assets, was approximately zero as of March 31, 2014. The fair values of the interest rate caps were determined using observable inputs (Level 2). The inputs were quotes from the counterparties to the interest rate cap agreements. The change in fair value, reported in interest expense, was approximately $1,000 for the three months ended March 31, 2014.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Long-Term Debt	'
	-4	Long-Term Debt
	Long-term debt is comprised of the following:
			December 31,			March 31,
			2013			2014
	Term loan		$	99,875,000		$	96,500,000
	Revolving credit facility			7,000,000			7,000,000
				106,875,000			103,500,000
	Less current installments			(4,250,000	)		(2,937,500	)
			$	102,625,000		$	100,562,500
	As of March 31, 2014, the credit facility consisted of a term loan with a remaining balance of $96.5 million and a revolving credit facility with a maximum commitment of $20.0 million. As of March 31, 2014, the Company had $13.0 million in remaining commitments available under its revolving credit facility. At the Company’s election, the credit facility may bear interest at either (i) adjusted LIBOR, as defined in the credit agreement, plus a margin ranging from 3.5% to 5.0% that is determined by the Company’s consolidated total debt ratio, as defined in the credit agreement or (ii) the base rate, as defined in the credit agreement, plus a margin ranging from 2.5% to 4.0% that is determined by the Company’s consolidated total debt ratio. Interest on adjusted LIBOR loans is payable at the end of each applicable interest period and, for those interest periods with a duration in excess of three months, the three month anniversary of the beginning of such interest period. Interest on base rate loans is payable quarterly in arrears. The credit facility carried interest, based on adjusted LIBOR, at 4.17% and 4.15% as of December 31, 2013 and March 31, 2014, respectively, and matures on August 9, 2017.
	The credit agreement requires mandatory prepayments equal to 50% of consolidated excess cash flow, as defined in the credit agreement, when the Company’s consolidated total debt is equal to or greater than three times its consolidated operating cash flow, as defined in the credit agreement. The mandatory prepayments decrease to 25% of excess cash flow when the Company’s consolidated total debt is less than three times its consolidated operating cash flow. Mandatory prepayments of consolidated excess cash flow are due 120 days after year end. The credit agreement also requires mandatory prepayments for defined amounts from net proceeds of asset sales, net insurance proceeds, and net proceeds of debt issuances.
	The credit agreement requires the Company to comply with certain financial covenants which are defined in the credit agreement. These financial covenants include:
		•		Consolidated Total Debt Ratio. The Company’s consolidated total debt on the last day of each fiscal quarter through December 31, 2014 must not exceed 4.5 times its consolidated operating cash flow for the four quarters then ended. The maximum ratio is 4.0 times for 2015, 3.5 times for 2016, and 3.0 times for 2017.
		•		Interest Coverage Ratio. The Company’s consolidated operating cash flow for the four quarters ending on the last day of each fiscal quarter through maturity must not be less than 2.0 times its consolidated cash interest expense for the four quarters then ended.
	The credit facility is secured by a first-priority lien on substantially all of the Company’s assets and the assets of substantially all of its subsidiaries and is guaranteed jointly and severally by the Company and substantially all of its subsidiaries. The guarantees were issued to the Company’s lenders for repayment of the outstanding balance of the credit facility. If the Company defaults under the terms of the credit agreement, the Company and its applicable subsidiaries may be required to perform under their guarantees. As of March 31, 2014, the maximum amount of undiscounted payments the Company and its applicable subsidiaries would have had to make in the event of default was $103.5 million. The guarantees for the credit facility expire on August 9, 2017.
	The aggregate scheduled principal repayments of the credit facility for the remainder of 2014 and the next three years are as follows:
			Term			Revolving			Total
			loan			credit
						facility
	2014		$	875,000		$	—		$	875,000
	2015			8,250,000			—			8,250,000
	2016			9,625,000			—			9,625,000
	2017			77,750,000			7,000,000			84,750,000
	Total		$	96,500,000		$	7,000,000		$	103,500,000
	Failure to comply with financial covenants, scheduled interest payments, scheduled principal repayments, or any other terms of its credit agreement could result in the acceleration of the maturity of its outstanding debt. The Company believes that it will have sufficient liquidity and capital resources to permit it to meet its financial obligations for at least the next twelve months. As of March 31, 2014, the Company was in compliance with all applicable financial covenants under its credit agreement.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Stock-Based Compensation	'
	-5	Stock-Based Compensation
	The Beasley Broadcast Group, Inc. 2007 Equity Incentive Award Plan (the “2007 Plan”) permits the Company to issue up to 4.0 million shares of Class A common stock. The 2007 Plan allows for eligible employees, directors and certain consultants of the Company to receive shares of restricted stock, stock options or other stock-based awards. The restricted stock awards that have been granted under the 2007 Plan generally vest over one to five years of service.
	A summary of restricted stock activity under the 2007 Plan is as follows:
			Shares			Weighted-
						Average
						Grant-Date
						Fair Value
	Unvested as of January 1, 2014			195,767		$	6.79
	Granted			196,364			9.06
	Vested			(100,584	)		6.26
	Forfeited			(2,600	)		4.54
	Unvested as of March 31, 2014			288,947		$	8.68
	As of March 31, 2014, there was $2.2 million of total unrecognized compensation cost related to restricted stock granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 2.2 years.
	The 2000 Equity Plan of Beasley Broadcast Group. Inc. (the “2000 Plan”) was terminated upon adoption of the 2007 Plan, except with respect to outstanding awards. The remaining stock options expire ten years from the date of grant. No new awards will be granted under the 2000 Plan.
	A summary of stock option activity under the 2000 Plan is as follows:
			Options			Weighted-
						Average
						Exercise
						Price
	Outstanding as of January 1, 2014			62,250		$	15.82
	Forfeited			—			—
	Outstanding and exercisable as of March 31, 2014			62,250		$	15.82
	As of March 31, 2014, the weighted-average remaining contractual term was 0.4 years and the aggregate intrinsic value was zero for stock options granted under the 2000 Plan.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	6)	Income Taxes
	The Company’s effective tax rate was approximately 30% and 78% for the three months ended March 31, 2013 and 2014, respectively which differ from the federal statutory rate of 35% due to the effect of state income taxes and certain expenses that are not deductible for tax purposes. The effective tax rate for the three months ended March 31, 2014, also reflects a $1.3 million increase from a change to the Company’s federal tax rate based on a projected increase in taxable income for 2014 and a $0.2 million decrease from a change to the Company’s effective state tax rate. The Company evaluated its taxable income projections during the three months ended March 31, 2014 and determined, based on certain changes in facts and circumstances related to the projections, that the federal tax rate should increase from 34% to 35%. The change in the federal tax rate has been accounted for as a change in accounting estimate during the three months ended March 31, 2014. The effective tax rate for the three months ended March 31, 2013, also reflects a $0.3 million decrease from a change to the Company’s effective state tax rate.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	-7	Related Party Transactions
	On April 7, 2014, Beasley Family Towers, LLC (“BFT”), which is owned by George G. Beasley, Bruce G. Beasley, Caroline Beasley, Brian E. Beasley and other family members of George G. Beasley, entered into an agreement to demolish a radio tower that was leased to the Company for a radio station in Miami, FL. As a result of the tower demolition, the agreement requiring the Company to make monthly lease payments of approximately $3,000 per month to BFT was canceled and the Company forgave indebtedness of $332,000 associated with notes receivable from BFT. The related party debt forgiveness was approved by the Audit Committee.
	On September 1, 2013, the Company completed the acquisition of KVGS-FM in Las Vegas, NV from GGB Las Vegas, LLC, which is controlled by George G. Beasley, for $4.0 million in cash. The Company acquired KVGS-FM to complement its current market cluster in Las Vegas, NV. The acquisition was accounted for as a combination between businesses under common control therefore the Company recorded the assets acquired at their carrying amounts as of the date of acquisition. The difference between the purchase price and the carrying amounts of the assets acquired was recorded as an adjustment, net of taxes, to additional paid-in capital. The Company did not retrospectively adjust the statement of comprehensive income for the three months ended March 31, 2013 to furnish comparative information for the period under which the Company and GGB Las Vegas, LLC were under common control as the adjustments were considered immaterial to the period presented. The operations of KVGS-FM have been included in the Company’s results of operations from its acquisition date.

Financial_Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2014
Investments All Other Investments [Abstract]	'
Financial Instruments	'
	-8	Financial Instruments
	The carrying amount of notes receivable from related parties with a fixed rate of interest of 2.57% was $2.2 million as of March 31, 2014, compared with a fair value of $2.1 million based on current market interest rates. The carrying amount of notes receivable from related parties was $2.3 million as of December 31, 2013, compared with a fair value of $2.2 million based on market rates at that time.
	The carrying amount of long term debt, including the current installments, was $103.5 million as of March 31, 2014 and approximated fair value based on current market interest rates. The carrying amount of long-term debt was $106.9 million as of December 31, 2013 and approximated fair value based on market rates at that time.

FCC_Broadcasting_Licenses_Tabl

FCC Broadcasting Licenses (Tables)	3 Months Ended
	Mar. 31, 2014
Text Block [Abstract]	'
Carrying Amount of Broadcasting Licenses	'
	The change in the carrying amount of FCC broadcasting licenses for the three months ended March 31, 2014 is as follows:
	Balance as of December 31, 2013	$	186,174,864
	Acquisition of translator licenses		65,000
	Balance as of March 31, 2014	$	186,239,864

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Summary of Long-Term Debt	'
	Long-term debt is comprised of the following:
		December 31,			March 31,
		2013			2014
	Term loan	$	99,875,000		$	96,500,000
	Revolving credit facility		7,000,000			7,000,000
			106,875,000			103,500,000
	Less current installments		(4,250,000	)		(2,937,500	)
		$	102,625,000		$	100,562,500
Scheduled Repayments of Credit Facility	'
	The aggregate scheduled principal repayments of the credit facility for the remainder of 2014 and the next three years are as follows:
		Term			Revolving			Total
		loan			credit
					facility
	2014	$	875,000		$	—		$	875,000
	2015		8,250,000			—			8,250,000
	2016		9,625,000			—			9,625,000
	2017		77,750,000			7,000,000			84,750,000
	Total	$	96,500,000		$	7,000,000		$	103,500,000

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Restricted Stock Activity	'
	A summary of restricted stock activity under the 2007 Plan is as follows:
		Shares			Weighted-
					Average
					Grant-Date
					Fair Value
	Unvested as of January 1, 2014		195,767		$	6.79
	Granted		196,364			9.06
	Vested		(100,584	)		6.26
	Forfeited		(2,600	)		4.54
	Unvested as of March 31, 2014		288,947		$	8.68
Stock Option Activity	'
	A summary of stock option activity under the 2000 Plan is as follows:
		Options			Weighted-
					Average
					Exercise
					Price
	Outstanding as of January 1, 2014		62,250		$	15.82
	Forfeited		—			—
	Outstanding and exercisable as of March 31, 2014		62,250		$	15.82

FCC_Broadcasting_Licenses_Carr

FCC Broadcasting Licenses - Carrying Amount of Broadcasting Licenses (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
			FCC Broadcasting License [Member]
FCC Broadcasting Licenses [Line Items]	'	'	'
Beginning Balance	$186,239,864	$186,174,864	$186,174,864
Acquisition of translator licenses	'	'	65,000
Ending Balance	$186,239,864	$186,174,864	$186,239,864

FCC_Broadcasting_Licenses_Addi

FCC Broadcasting Licenses - Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2014	Mar. 01, 2014
		CTC Media Group [Member]
		License
FCC Broadcasting Licenses [Line Items]	'	'
Acquisition of translator licenses	'	$65,000
Number of translator licenses acquired	'	2
Translator licenses renewable term	'8 years	'

Derivative_Financial_Instrumen1

Derivative Financial Instruments - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]	'
Number of interest rate cap agreements	2
Interest Rate Cap [Member]	'
Derivative Instruments, Gain (Loss) [Line Items]	'
Aggregate notional amount of interest rate cap agreements	$57,500,000
Interest rate cap LIBOR	'and cap LIBOR at 1%
Derivative cap interest rate	1.00%
Expiration date of both interest rate cap agreements	30-Sep-14
Fair value of the interest rate caps reported in other assets	0
Interest Rate Cap [Member] | Interest Expense [Member]	'
Derivative Instruments, Gain (Loss) [Line Items]	'
Change in fair value, reported in interest expense	$1,000

LongTerm_Debt_Summary_of_LongT

Long-Term Debt - Summary of Long-Term Debt (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Long-term debt	$103,500,000	$106,875,000
Less current installments	-2,937,500	-4,250,000
Long-term debt non current portion	100,562,500	102,625,000
Term Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Long-term debt	96,500,000	99,875,000
Revolving Credit Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Revolving credit facility	$7,000,000	$7,000,000

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Long-term debt	$103,500,000	$106,875,000
Mandatory prepayments of consolidated excess cash flow due period	'120 days	'
Mandatory prepayments of consolidated excess cash flow required by credit agreement	'The credit agreement requires mandatory prepayments equal to 50% of consolidated excess cash flow, as defined in the credit agreement, when the Companybs consolidated total debt is equal to or greater than three times its consolidated operating cash flow, as defined in the credit agreement. The mandatory prepayments decrease to 25% of excess cash flow when the Companybs consolidated total debt is less than three times its consolidated operating cash flow. Mandatory prepayments of consolidated excess cash flow are due 120 days after year end. The credit agreement also requires mandatory prepayments for defined amounts from net proceeds of asset sales, net insurance proceeds, and net proceeds of debt issuances.	'
Term Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Long-term debt	96,500,000	99,875,000
First Mortgage [Member] | Must Not Be Less Than [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Interest Coverage Ratio	2	'
Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Long-term debt	103,500,000	'
Revolving credit loan and term loan carried interest	4.15%	4.17%
Revolving credit facility and term loan maturity date	9-Aug-17	'
Mandatory prepayments of excess cash flow	50.00%	'
Mandatory prepayments decrease of excess cash flow	25.00%	'
Credit Facility [Member] | Term Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Long-term debt	96,500,000	'
Credit Facility [Member] | Revolving Credit Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Revolving credit facility maximum commitment	20,000,000	'
Remaining commitments under the revolving credit loan facility	$13,000,000	'
Revolving credit facility, Interest Rate Description	'At the Companybs election, the credit facility may bear interest at either (i) adjusted LIBOR, as defined in the credit agreement, plus a margin ranging from 3.5% to 5.0% that is determined by the Companybs consolidated total debt ratio, as defined in the credit agreement or (ii) the base rate, as defined in the credit agreement, plus a margin ranging from 2.5% to 4.0% that is determined by the Companybs consolidated total debt ratio. Interest on adjusted LIBOR loans is payable at the end of each applicable interest period and, for those interest periods with a duration in excess of three months, the three month anniversary of the beginning of such interest period.	'
Credit Facility [Member] | Revolving Credit Loan [Member] | Maximum [Member] | LIBOR [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Credit facility interest rate margins	5.00%	'
Credit Facility [Member] | Revolving Credit Loan [Member] | Maximum [Member] | Base rate [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Credit facility interest rate margins	4.00%	'
Credit Facility [Member] | Revolving Credit Loan [Member] | Minimum [Member] | LIBOR [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Credit facility interest rate margins	3.50%	'
Credit Facility [Member] | Revolving Credit Loan [Member] | Minimum [Member] | Base rate [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Credit facility interest rate margins	2.50%	'
Credit Facility [Member] | Revolving Credit Loan and Term Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Revolving credit facility and term loan maturity date	9-Aug-17	'
Credit Facility [Member] | First Mortgage [Member] | Maximum [Member] | Forecast [Member] | January 1, 2015 through December 31, 2015 [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Long-term Debt Covenants Aggregate Leverage Ratio	4	'
Credit Facility [Member] | First Mortgage [Member] | Maximum [Member] | Forecast [Member] | January 1, 2016 through December 31, 2016 [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Long-term Debt Covenants Aggregate Leverage Ratio	3.5	'
Credit Facility [Member] | First Mortgage [Member] | Maximum [Member] | Forecast [Member] | January 1, 2017 through maturity [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Long-term Debt Covenants Aggregate Leverage Ratio	3	'
Credit Facility [Member] | First Mortgage [Member] | Must Not Exceed [Member] | Forecast [Member] | December 31,2014 [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Long-term Debt Covenants Aggregate Leverage Ratio	4.5	'

LongTerm_Debt_Scheduled_Repaym

Long-Term Debt - Scheduled Repayments of Credit Facility (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Subsequent Event [Line Items]	'	'
2014	$875,000	'
2015	8,250,000	'
2016	9,625,000	'
2017	84,750,000	'
Total	103,500,000	106,875,000
Term Loan [Member]	'	'
Subsequent Event [Line Items]	'	'
2014	875,000	'
2015	8,250,000	'
2016	9,625,000	'
2017	77,750,000	'
Total	96,500,000	99,875,000
Revolving Credit Loan [Member]	'	'
Subsequent Event [Line Items]	'	'
2014	'	'
2017	7,000,000	'
Total	$7,000,000	$7,000,000

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
2007 Plan [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Total unrecognized compensation cost related to restricted stock granted	$2.20
Cost is expected to be recognized over a weighted-average period	'2 years 2 months 12 days
2007 Plan [Member] | Minimum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Restricted stock awards, vest, period	'1 year
2007 Plan [Member] | Maximum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Restricted stock awards, vest, period	'5 years
2000 Plan [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Expiration date for stock options	'10 years
Weighted-average remaining contractual term	'4 months 24 days
Aggregate intrinsic value	$0
Class A Common Stock [Member] | 2007 Plan [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares authorized	4

StockBased_Compensation_Restri

Stock-Based Compensation - Restricted Stock Activity (Detail) (2007 Plan [Member], USD $)	3 Months Ended
	Mar. 31, 2014
2007 Plan [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Unvested Shares, Beginning Balance	195,767
Granted, Shares	196,364
Vested, Shares	-100,584
Forfeited, Shares	-2,600
Unvested Shares, Ending Balance	288,947
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance	$6.79
Granted, Weighted-Average Grant-Date Fair Value	$9.06
Vested, Weighted-Average Grant-Date Fair Value	$6.26
Forfeited, Weighted-Average Grant-Date Fair Value	$4.54
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance	$8.68

StockBased_Compensation_Stock_

Stock-Based Compensation - Stock Option Activity (Detail) (2000 Plan [Member], USD $)	3 Months Ended
	Mar. 31, 2014
2000 Plan [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Outstanding Options, Beginning Balance	62,250
Forfeited, Options	'
Outstanding Options, Ending Balance	62,250
Outstanding, Weighted-Average Exercise Price, Beginning Balance	$15.82
Forfeited, Weighted-Average Exercise Price	'
Outstanding, Weighted-Average Exercise Price, Ending Balance	$15.82

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Schedule Of Income Tax [Line Items]	'	'
Effective tax rate	78.00%	30.00%
Federal statutory rate	35.00%	'
Increase (decrease) in income tax due to increase (decrease) in federal and state tax effective rate	$0.20	$0.30
Minimum [Member]	'	'
Schedule Of Income Tax [Line Items]	'	'
Federal statutory rate	34.00%	'
Maximum [Member]	'	'
Schedule Of Income Tax [Line Items]	'	'
Federal statutory rate	35.00%	'
Federal Tax Rate [Member]	'	'
Schedule Of Income Tax [Line Items]	'	'
Increase (decrease) in income tax due to increase (decrease) in federal and state tax effective rate	$1.30	'

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2014	Sep. 01, 2013
	Beasley Family Towers Inc [Member]	KVGS-FM [Member]
Related Party Transaction [Line Items]	'	'
Monthly lease payment amount	$3,000	'
Indebtedness amount	332,000	'
Cash paid for acquisition	'	$4,000,000

Financial_Instruments_Addition

Financial Instruments - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument Fair Value Carrying Value [Abstract]	'	'
Percentage of fixed rate of interest carrying amount of notes receivables	2.57%	'
Carrying amount of notes receivable from related parties	$2,207,041	$2,305,502
Fair value of notes receivable	2,100,000	2,200,000
Long-term debt	$103,500,000	$106,875,000