Beasley Broadcast (BBGI) 10-Q 6 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 30, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	BBGI
Entity Registrant Name	BEASLEY BROADCAST GROUP INC
Entity Central Index Key	1,099,160
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10,844,488
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,662,743

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 14,821,749	$ 13,922,390
Accounts receivable, less allowance for doubtful accounts of $1,623,408 in 2017 and $1,781,075 in 2018	46,159,164	42,669,351
Prepaid expenses	8,665,310	6,001,996
Merger consideration receivable		17,931,331
Other current assets	4,218,357	4,135,905
Total current assets	73,864,580	84,660,973
Property and equipment, net	58,420,296	59,318,933
FCC broadcasting licenses	489,239,179	489,186,679
Goodwill	15,275,264	15,275,264
Other intangibles, net	437,810	550,058
Other assets	5,678,501	5,726,874
Total assets	642,915,630	654,718,781
Current liabilities:
Current installments of long-term debt	65,561	2,314,020
Accounts payable	9,387,963	7,847,829
Other current liabilities	21,972,355	18,799,195
Total current liabilities	31,425,879	28,961,044
Due to related parties	710,685	759,041
Long-term debt, net of current installments and unamortized debt issuance costs	210,623,083	212,465,882
Deferred tax liabilities	116,956,306	115,282,931
Other long-term liabilities	11,004,318	11,083,683
Total liabilities	370,720,271	368,552,581
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	149,308,509	147,987,332
Treasury stock, Class A common stock; 3,032,740 shares in 2017; 4,377,227 shares in 2018	(30,250,887)	(16,667,085)
Retained earnings	153,416,198	154,389,494
Accumulated other comprehensive income (loss)	(310,345)	424,574
Total stockholders' equity	272,195,359	286,166,200
Total liabilities and stockholders' equity	642,915,630	654,718,781
Class A Common Stock [Member]
Stockholders' equity:
Common stock	15,222	15,223
Class B Common Stock [Member]
Stockholders' equity:
Common stock	$ 16,662	$ 16,662

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Allowance for doubtful accounts	$ 1,781,075	$ 1,623,408
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Treasury stock, Class A common stock shares	4,377,227	3,032,740
Class A Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	15,221,715	15,222,738
Common stock, shares outstanding	10,844,488	12,189,998
Class B Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
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 Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Net revenue	$ 61,625,296	$ 61,013,414	$ 116,778,923	$ 114,753,965
Operating expenses:
Station operating expenses (including stock-based compensation of $54,668 and $221,046 in three month ended June 30, 2017 and 2018 and $133,715 and $373,464 in six month ended June 30, 2017 and 2018 respectively excluding depreciation and amortization shown separately below)	44,967,293	44,912,998	90,480,140	88,862,592
Corporate general and administrative expenses (including stock-based compensation of $719,288 and $482,358 in three month ended June 30, 2017 and 2018 and $837,980 and $947,712 in six month ended June 30, 2017 and 2018 respectively)	4,440,299	4,488,482	7,722,772	7,718,579
Transaction expenses		295,237		746,070
Other operating expenses		252,915		581,162
Depreciation and amortization	1,562,052	1,619,642	3,108,786	3,122,479
Change in fair value of contingent consideration		2,391,342	4,415,925	(5,141,950)
Gain on disposition		(3,977,449)		(3,707,993)
Termination of postretirement benefits plan		(1,812,448)		(1,812,448)
Total operating expenses	50,969,644	48,170,719	105,727,623	90,368,491
Operating income	10,655,652	12,842,695	11,051,300	24,385,474
Non-operating income (expense):
Interest expense	(3,805,575)	(4,752,044)	(7,430,815)	(9,579,383)
Other income (expense), net	27,311	39,519	476,212	395,717
Income before income taxes	6,877,388	8,130,170	4,096,697	15,201,808
Income tax expense	1,958,776	4,224,649	2,339,277	3,809,791
Net income	4,918,612	3,905,521	1,757,420	11,392,017
Other comprehensive income:
Unrealized losses on securities (net of income tax benefit of $6,537 and $15,737 in three and six month ended June 30, 2017 respectively)		(10,071)		(24,245)
Unrecognized actuarial losses on postretirement plans (net of income tax benefit of $40,697 and $40,697 in three and six month ended June 30, 2017 respectively)		(62,699)		(62,699)
Reclassification of other comprehensive income due to termination of pension plan (net of income tax benefit of $261,358)			(731,265)
Comprehensive income	$ 4,918,612	$ 3,832,751	$ 1,026,155	$ 11,305,073
Net income per Class A and B common share:
Basic and diluted	$ 0.18	$ 0.14	$ 0.06	$ 0.41
Dividends declared per common share	$ 0.050	$ 0.045	$ 0.10	$ 0.09
Weighted average shares outstanding:
Basic	27,344,752	27,701,278	27,530,043	27,682,302
Diluted	27,523,310	27,874,221	27,710,563	27,846,182

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stock-based compensation			$ 1,321,176	$ 971,695
Unrealized losses on securities, income tax benefit		$ 6,537		15,737
Unrecognized actuarial gains (losses) on postretirement plans, income tax expense (benefit)		40,697		40,697
Reclassification of other comprehensive income due to termination of pension plan, income tax benefit			261,358
Station Operating Expenses [Member]
Stock-based compensation	$ 221,046	54,668	373,464	133,715
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 482,358	$ 719,288	$ 947,712	$ 837,980

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows	3 Months Ended	6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Cash flows from operating activities:
Net income	$ 3,905,521	$ 1,757,420	$ 11,392,017
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation		1,321,176	971,695
Provision for bad debts		571,781	781,307
Depreciation and amortization	1,619,642	3,108,786	3,122,479
Change in fair value of contingent consideration	2,391,342	4,415,925	(5,141,950)
Gain on dispositions, net	(3,977,449)		(3,707,993)
Termination of retirement benefits plan	(1,812,448)		(1,812,448)
Amortization of loan fees		940,752	1,093,616
Deferred income taxes		1,934,733	3,445,499
Change in operating assets and liabilities:
Accounts receivable		(4,061,594)	2,869,659
Prepaid expenses		(2,663,314)	(2,223,937)
Other assets		(7,510)	787,852
Accounts payable		1,540,134	2,448,384
Other liabilities		2,865,485	(3,371,828)
Other operating activities		251,416	2,070
Net cash provided by operating activities		10,982,567	10,656,422
Cash flows from investing activities:
Capital expenditures		(2,126,999)	(1,601,007)
Proceeds from disposition of radio stations			35,000,000
Payments for translator licenses		(52,500)	(1,109,103)
Payments for investments		(150,000)
Loan to related party			(150,000)
Net cash provided by (used in) investing activities		(2,329,499)	32,139,890
Cash flows from financing activities:
Payments on debt		(5,032,010)	(43,030,539)
Dividends paid		(2,653,303)	(2,565,822)
Purchase of treasury stock		(68,396)	(478,002)
Net cash used in financing activities		(7,753,709)	(46,074,363)
Net increase (decrease) in cash and cash equivalents		899,359	(3,278,051)
Cash and cash equivalents at beginning of period		13,922,390	20,325,415
Cash and cash equivalents at end of period	17,047,364	14,821,749	17,047,364
Cash paid for interest		6,474,582	8,544,760
Cash paid for income taxes		266,200	1,709,975
Supplement disclosure of non-cash investing and financing activities:
Dividends declared but unpaid	$ 1,285,638	1,367,448	1,285,638
Translator license and equipment received as consideration			332,000
Note receivable and accrued interest converted to investment		187,618
Postretirement Benefits Plan [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Termination of retirement benefits plan			$ (1,812,448)
Pension Plan [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Termination of retirement benefits plan		(992,623)
Class A Common Stock [Member]
Supplement disclosure of non-cash investing and financing activities:
Class A common stock returned to treasury stock		$ 13,515,406

Interim Financial Statements

Interim Financial Statements	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [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 10-Q S-X.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	(2) Recent Accounting Pronouncements In March 2017, the Financial Accounting Standards Board (“FASB”) issued guidance to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The new guidance is effective for annual periods beginning after December 15, 2017. The Company adopted the new guidance in the first quarter of 2018 with no material impact on its financial statements. In August 2016, the FASB issued guidance to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The new guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. The Company adopted the new guidance in the first quarter of 2018 with no material impact on its financial statements. In February 2016, the FASB issued guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use right-of-use In January 2016, the FASB issued guidance that changes how entities measure equity investments and present changes in the fair value of financial liabilities. The new guidance requires entities to measure equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. A practicality exception will apply to those equity investments that do not have a readily determinable fair value and do not qualify for the practical expedient to estimate fair value, and as such, these investments may be measured at cost. The new guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted the new guidance in the first quarter of 2018 with no material impact on its financial statements. In May 2014, the FASB issued guidance to clarify the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a comprehensive framework for revenue recognition that supersedes current general revenue guidance and most industry-specific guidance. In addition, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. In 2016, the FASB issued several updates to address implementation issues and to clarify guidance for principal versus agent considerations and identifying performance obligations and licensing. The Company adopted the new guidance on January 1, 2018, using the modified retrospective method, with no impact on its financial statements. The cumulative effect of initially applying the new guidance had no impact on the opening balance of retained earnings as of January 1, 2018. There was no impact on the condensed consolidated balance sheet as of June 30, 2018 or on the condensed consolidated statements of comprehensive income for the three and six months ended June 30, 2018. The comparative information has not been restated and continues to be reported under the accounting guidance in effect for that period. The Company does not expect the new guidance to have a material impact on its financial statements in future periods.

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Acquisitions and Dispositions	(3) Acquisitions and Dispositions Greater Media Merger On November 1, 2016, (the “Acquisition Date”), the Company completed the acquisition of Greater Media, Inc. (“Greater Media”), pursuant to the merger agreement, dated as of July 19, 2016 by and among the Company, Greater Media, Beasley Media Group 2, Inc., an indirect wholly-owned subsidiary of the Company (“Merger Sub”), and Peter A. Bordes, Jr., as the Stockholders’ Representative (the “Merger Agreement”). On the Acquisition Date, Merger Sub was merged with and into Greater Media, with Greater Media surviving the merger as an indirect wholly-owned subsidiary of the Company (the “Merger”). As a result of the Merger, the Company added 21 radio stations in the Boston, MA, Detroit, MI, Charlotte, NC, Middlesex, NJ, Monmouth, NJ, Morristown, NJ and Philadelphia, PA markets. On the Acquisition Date, in accordance with the Merger Agreement, the Company placed 867,679 shares of the Company’s Class A common stock with a fair value of $4.2 million in escrow. These escrow shares were to be distributed either to the Company for cancellation or to Greater Media based upon a working capital adjustment. As of the Acquisition Date based on the estimated working capital adjustment, the Company estimated that 189,915 shares of Class A common stock would be released to Greater Media and the remainder would be forfeited to the Company for cancellation. The estimated number of shares to be released to Greater Media had a fair value of $0.9 million as of the Acquisition Date and were included in the purchase price. The estimated shares to be forfeited were not indexed to the Company’s stock price and therefore were adjusted to fair value based on the Company’s closing stock price on each reporting date with changes in fair value recorded in earnings. The estimated number of shares to be forfeited had a fair value of $3.3 million as of the Acquisition Date. Also, in accordance with the Merger Agreement, the purchase price was to be adjusted by certain proceeds from the sale of Greater Media’s towers assets. Based on the proceeds from the tower sale, the former stockholders of Greater Media were required to return a certain number of shares of Class A common stock to the Company for cancellation. The Company accounted for this arrangement as contingent consideration subject to the ultimate sale of the tower assets. As of the Acquisition Date, the Company estimated the sales price of the towers to be $28.0 million which resulted in the expected return of 650,759 shares. As of the Acquisition Date, the estimated number of shares to be returned had a fair value of $3.4 million. On February 27, 2017, the former stockholders of Greater Media entered into an asset purchase agreement to sell the towers for $28.0 million. On December 29, 2017, the Company entered into a settlement agreement with Greater Media regarding the working capital adjustment and proceeds from the tower sale. As a result, all 867,679 shares held in escrow for the working capital adjustment were forfeited to the Company and recorded in treasury stock on March 15, 2018 and the former stockholders of Greater Media returned 470,480 shares to the Company related to the tower sale proceeds, which were recorded in treasury stock on March 15, 2018. The forfeited shares previously held in escrow for the working capital adjustment had a fair value of $11.6 million and $8.8 million as of December 31, 2017 and March 15, 2018, respectively. The shares returned by the former stockholders of Greater Media related to the tower sale proceeds had a fair value of $6.3 million and $4.8 million as of December 31, 2017 and March 15, 2018, respectively. The Company has engaged a third party to evaluate certain net operating loss carryforwards related to Greater Media, Inc. and several of its subsidiaries to determine the amount of net operating loss carryforwards that may be utilized by the Company in future tax returns. These evaluations have not been finalized, therefore an estimate of $3.6 million for net operating loss carryforwards was included in the purchase price. The accounting for this item was not finalized before the end of the measurement period and any adjustment will now be recognized in current operations during the period in which the accounting is finalized. Effective on the Acquisition Date, the Company entered into an agreement with the former CEO of Greater Media to provide consulting services for a period of one year. The costs associated with this agreement are reported in other operating expenses in the accompanying statement of comprehensive income for the three and six months ended June 30, 2017. Dispositions On January 6, 2017, the Company completed the sale of substantially all of the assets used or useful in the operations of WBT-AM, WBT-FM, WFNZ-AM WLNK-FM On May 1, 2017, the Company completed the sale of substantially all of the assets used in the operations of WIKS-FM, WMGV-FM, WNCT-AM, WNCT-FM, WSFL-FM WXNR-FM Greenville-New Asset Exchange On December 19, 2017, the Company completed an asset exchange with CBS Radio Stations, Inc., Entercom Boston, LLC, and The Entercom Divestiture Trust under which the Company agreed to exchange all of the assets used or useful in the operations of WMJX-FM WBZ-FM 10-K The following unaudited pro forma information for the three and six months ended June 30, 2017 assumes that the acquisitions and dispositions had occurred on January 1, 2017. This unaudited pro forma information has been prepared based on estimates and assumptions, which management believes are reasonable, and is not necessarily indicative of what would have occurred had the acquisition been completed on January 1, 2017 or of results that may occur in the future. Three months June 30, 2017 Six months ended June 30, 2017 Net revenue $ 62,750,125 $ 119,848,124 Operating income 10,152,616 15,705,941 Net income 3,208,535 3,782,447 Basic and diluted net income per share 0.12 0.14 Pending Acquisition On July 19, 2018, the Company entered into an asset purchase agreement to acquire WXTU-FM WXTU-FM WXTU-FM,

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Long-Term Debt	(4) Long-Term Debt Long-term debt is comprised of the following: December 31, June 30, 2017 2018 Term loan $ 225,000,000 $ 220,000,000 Revolving credit facility — — Capital lease obligations 630,874 598,864 225,630,874 220,598,864 Less unamortized debt issuance costs (10,850,972 ) (9,910,220 ) 214,779,902 210,688,644 Less current installments (2,314,020 ) (65,561 ) $ 212,465,882 $ 210,623,083 As of June 30, 2018, the credit facility consisted of a term loan with a remaining balance of $220.0 million and a revolving credit facility with a maximum commitment of $20.0 million. As of June 30, 2018, the Company had $20.0 million in available commitments under its revolving credit facility. At the Company’s option, the credit facility may bear interest at either (i) the London Interbank Offered Rate (“LIBOR”) plus a margin of 4.0% or (ii) the base rate plus a margin of 3.0%. The LIBOR interest rate for the term loan is subject to a 1% floor. Interest payments are, for loans based on LIBOR, due at the end of each applicable interest period unless the interest period is longer than three months, in which case they are due at the end of each three month period. Interest payments for loans based on the base rate are due quarterly. The revolving credit facility carried interest, based on LIBOR, at 6.1% as of June 30, 2018 and matures on November 17, 2022. The term loan carried interest, based on LIBOR, at 6.1% as of June 30, 2018 and matures on November 1, 2023. As of December 31, 2017, the credit facility consisted of a term loan with a remaining balance of $225.0 million and a revolving credit facility with a maximum commitment of $20.0 million. The revolving credit facility and term loan carried interest, based on LIBOR, at 5.5% as of December 31, 2017. Commencing with the year ending December 31, 2018, the credit agreement requires mandatory prepayments equal to 50% of Excess Cash Flow (as defined in the credit agreement) when the Company’s Total Leverage Ratio (as defined in the credit agreement) is greater than 3.5x; mandatory prepayments equal to 25% of Excess Cash Flow when the Total Leverage Ratio is less than or equal to 3.5x but greater than 3.0x; and no mandatory prepayments when the Total Leverage Ratio is less than or equal to 3.0x. Mandatory prepayments of Excess Cash Flow are due 95 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 a First Lien Leverage Ratio that will be tested at the end of each quarter. For the period from June 30, 2018 through December 31, 2018, the maximum First Lien Leverage Ratio is 6.0x. For the period from March 31, 2019 through December 31, 2019, the maximum First Lien Leverage Ratio is 5.75x. The maximum First Lien Leverage Ratio is 5.25x for March 31, 2020 and thereafter. The credit facility is secured by substantially all assets of the Company and its subsidiaries and is guaranteed jointly and severally by the Company and its subsidiaries. If the Company defaults under the terms of the credit agreement, the Company and its subsidiaries may be required to perform under their guarantees. As of June 30, 2018, the maximum amount of undiscounted payments the Company and its applicable subsidiaries would have been required to make in the event of default was $220.0 million. The guarantees for the credit facility expire on November 17, 2022 for the revolving credit facility and on November 1, 2023 for the term loan. Failure to comply with financial covenants, scheduled interest payments, scheduled principal repayments, or any other terms of the credit agreement could result in the acceleration of the maturity of the Company’s outstanding debt, which could have a material adverse effect on the Company’s business or results of operations. As of June 30, 2018, the Company was in compliance with all applicable financial covenants under the credit agreement. The aggregate scheduled principal repayments of the credit facility and capital lease obligations for the remainder of 2018, the next four years and thereafter are as follows: 2018 $ 32,010 2019 67,101 2020 1,820,326 2021 2,323,700 2022 2,253,332 Thereafter 214,102,395 Total $ 220,598,864

Revenue

Revenue	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue	(5) Revenue Revenue is comprised of the following: Three months ended June 30, Six months ended June 30, 2017 2018 2017 2018 Commercial advertising $ 54,814,498 $ 53,414,405 $ 102,364,320 $ 101,116,875 Digital advertising 3,216,722 4,121,798 6,399,849 7,330,337 Other 2,982,194 4,089,093 5,989,796 8,331,711 $ 61,013,414 $ 61,625,296 $ 114,753,965 $ 116,778,923 The Company recognizes revenue when it satisfies a performance obligation under a contract with an advertiser. The transaction price is allocated to performance obligations based on executed contracts which represent relative standalone selling prices. Payment is generally due within 30 days although certain advertisers are required to pay in advance. Revenues are reported at the amount the Company expects to be entitled to receive under the contract. The Company has elected to use the practical expedient to expense sales commissions as incurred. Payments received from advertisers before the performance obligation is satisfied are recorded as deferred revenue in the balance sheet. Substantially all deferred revenue is recognized within twelve months of the payment date. December 31, June 30, 2017 2018 Deferred revenue $ 1,893,508 $ 3,305,989 Three months ended June 30, Six months ended June 30, 2017 2018 2017 2018 Losses on receivables $ 722,882 $ 188,383 $ 838,779 $ 414,114 Commercial advertising includes revenue from the sale or trade of commercial spots to advertisers directly or through national, regional or local advertising agencies. Commercial spots may be aired or streamed. Each commercial spot is considered a performance obligation. Revenue is recognized when the commercial spots have aired or streamed. Trade sales are recorded at the estimated fair value of the goods or services received. If commercial spots are aired or streamed before the goods or services are received then a trade sales receivable is recorded. If goods or services are received before the commercial spots are aired or streamed then a trade sales payable is recorded. December 31, June 30, 2017 2018 Trade sales receivable $ 1,550,172 $ 1,475,097 Trade sales payable 1,276,170 1,423,413 Three months ended June 30, Six months ended June 30, 2017 2018 2017 2018 Trade sales revenue $ 2,126,125 $ 1,736,658 $ 4,772,553 $ 3,619,088 Digital advertising includes revenue from the sale of streamed commercial spots, station-owned assets and third party products. Each station-owned asset and third party product is considered a performance obligation. Station-owned assets are generally scheduled over a period of time and revenue is recognized over time as the digital items are used for advertising content. Third-party products are generally scheduled over a period of time with an impression target each month. Revenue from the sale of third-party products is recognized over time as the digital items are used for advertising content and impression targets are met each month. Other revenue includes revenue from concerts, promotional events, talent fees and other miscellaneous items. Revenue is generally recognized when the event is completed, as the promotional events are completed, or as the talent services are completed.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2018
Postemployment Benefits [Abstract]
Employee Benefit Plans	(6) Employee Benefit Plans Effective May 31, 2017, the Company terminated the Greater Media, Inc. Pension Plan (the “Pension Plan”). In December 2017, lump sum payments were made from the trust to participants who elected to receive a lump sum payment. In January 2018, a payment of $52.0 million was made from the trust to an insurance company to purchase annuities for the remaining participants who elected to receive annuity payments. As a result of the termination, the Company recognized a $1.0 million gain that was recorded in corporate general and administrative expenses for the six months ended June 30, 2018. This completes the recognition in earnings of the amount related to the Pension Plan that remained in accumulated other comprehensive income as of December 31, 2017.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(7) Stock-Based Compensation The Beasley Broadcast Group, Inc. 2007 Equity Incentive Award Plan (the “2007 Plan”) permits the Company to issue up to 7.5 million shares of Class A common stock. The 2007 Plan allows for eligible employees, directors and certain consultants of the Company to receive restricted stock units, shares of restricted stock, stock options or other stock-based awards. The restricted stock units and 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 unit activity is presented below: Restricted Stock Units Weighted- Grant-Date Unvested as of April 1, 2018 434,002 $ 11.30 Granted 72,643 10.61 Vested (7,310 ) 11.08 Forfeited — — Unvested as of June 30, 2018 499,335 $ 10.57 A summary of restricted stock activity is presented below: Shares Weighted- Grant-Date Unvested as of April 1, 2018 165,486 $ 6.58 Granted — — Vested (8,700 ) 7.21 Forfeited — — Unvested as of June 30, 2018 156,786 $ 6.54 As of June 30, 2018, there was $5.1 million of total unrecognized compensation cost for restricted stock units and shares of restricted stock granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 2.1 years.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	(8) Income Taxes The Company’s effective tax rate was approximately 52% and 28% for the three months ended June 30, 2017 and 2018, respectively, and approximately 25% and 57% for the six months ended June 30, 2017 and 2018, respectively. These rates differ from the federal statutory rate of 35% and 21% in 2017 and 2018, respectively, due to the effect of state income taxes and certain expenses that are not deductible for tax purposes. The effective tax rate for the six months ended June 30, 2018 also reflects a $1.2 million increase due to the change in fair value of contingent consideration during that time period. The effective tax rate for the three and six months ended June 30, 2017 also reflects a $0.9 million increase and a $2.0 million decrease due to the change in fair value of contingent consideration during the three and six months ended June 30, 2017, respectively.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	(9) Related Party Transactions On June 18, 2018, the note receivable and accrued interest due from LN2 DB, LLC totaling $187,618 was converted to additional equity in LN2 DB, LLC and the Company contributed an additional $150,000 which maintained its ownership interest at approximately 20% of the outstanding units. The Company may be called upon to make additional pro rata cash contributions to LN2 DB, LLC in the future. LN2 DB, LLC is managed by Fowler Radio Group, LLC which is partially-owned by Mark S. Fowler, an independent director of the Company. In June 2018, George G. Beasley, Caroline Beasley, Bruce Beasley, Brian Beasley and other family members also invested in LN2 DB, LLC under a recapitalization plan. On May 3, 2018, the Company entered into an agreement to lease a radio tower for one radio station in Tampa, FL from Beasley Family Towers, LLC, which is partially held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of George G. Beasley and partially owned directly by Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members. The lease agreement requires monthly payments of $11,000 and expires on December 31, 2027 with an option to renew for four periods of five years each.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [Abstract]
Financial Instruments	(10) Financial Instruments The carrying amount of the Company’s financial instruments including cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short term nature of these financial instruments. The carrying amount of the Company’s long-term debt, including the term loan, the revolving credit facility, capital lease obligations and current installments, as of June 30, 2018 was $220.6 million which approximated fair value based on current market interest rates. The carrying amount of the Company’s term loan as of December 31, 2017 was $225.6 million which approximated fair value based on current market interest rates.

Recent Accounting Pronounceme17

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	In March 2017, the Financial Accounting Standards Board (“FASB”) issued guidance to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The new guidance is effective for annual periods beginning after December 15, 2017. The Company adopted the new guidance in the first quarter of 2018 with no material impact on its financial statements. In August 2016, the FASB issued guidance to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The new guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. The Company adopted the new guidance in the first quarter of 2018 with no material impact on its financial statements. In February 2016, the FASB issued guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use right-of-use In January 2016, the FASB issued guidance that changes how entities measure equity investments and present changes in the fair value of financial liabilities. The new guidance requires entities to measure equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. A practicality exception will apply to those equity investments that do not have a readily determinable fair value and do not qualify for the practical expedient to estimate fair value, and as such, these investments may be measured at cost. The new guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted the new guidance in the first quarter of 2018 with no material impact on its financial statements. In May 2014, the FASB issued guidance to clarify the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a comprehensive framework for revenue recognition that supersedes current general revenue guidance and most industry-specific guidance. In addition, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. In 2016, the FASB issued several updates to address implementation issues and to clarify guidance for principal versus agent considerations and identifying performance obligations and licensing. The Company adopted the new guidance on January 1, 2018, using the modified retrospective method, with no impact on its financial statements. The cumulative effect of initially applying the new guidance had no impact on the opening balance of retained earnings as of January 1, 2018. There was no impact on the condensed consolidated balance sheet as of June 30, 2018 or on the condensed consolidated statements of comprehensive income for the three and six months ended June 30, 2018. The comparative information has not been restated and continues to be reported under the accounting guidance in effect for that period. The Company does not expect the new guidance to have a material impact on its financial statements in future periods.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Summary of Pro forma Information	The following unaudited pro forma information for the three and six months ended June 30, 2017 assumes that the acquisitions and dispositions had occurred on January 1, 2017. This unaudited pro forma information has been prepared based on estimates and assumptions, which management believes are reasonable, and is not necessarily indicative of what would have occurred had the acquisition been completed on January 1, 2017 or of results that may occur in the future. Three months June 30, 2017 Six months ended June 30, 2017 Net revenue $ 62,750,125 $ 119,848,124 Operating income 10,152,616 15,705,941 Net income 3,208,535 3,782,447 Basic and diluted net income per share 0.12 0.14

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, June 30, 2017 2018 Term loan $ 225,000,000 $ 220,000,000 Revolving credit facility — — Capital lease obligations 630,874 598,864 225,630,874 220,598,864 Less unamortized debt issuance costs (10,850,972 ) (9,910,220 ) 214,779,902 210,688,644 Less current installments (2,314,020 ) (65,561 ) $ 212,465,882 $ 210,623,083
Scheduled Repayments of Credit Facility and Capital Lease Obligations	The aggregate scheduled principal repayments of the credit facility and capital lease obligations for the remainder of 2018, the next four years and thereafter are as follows: 2018 $ 32,010 2019 67,101 2020 1,820,326 2021 2,323,700 2022 2,253,332 Thereafter 214,102,395 Total $ 220,598,864

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Revenue is comprised of the following: Three months ended June 30, Six months ended June 30, 2017 2018 2017 2018 Commercial advertising $ 54,814,498 $ 53,414,405 $ 102,364,320 $ 101,116,875 Digital advertising 3,216,722 4,121,798 6,399,849 7,330,337 Other 2,982,194 4,089,093 5,989,796 8,331,711 $ 61,013,414 $ 61,625,296 $ 114,753,965 $ 116,778,923
Deferred Revenue	December 31, June 30, 2017 2018 Deferred revenue $ 1,893,508 $ 3,305,989 Three months ended June 30, Six months ended June 30, 2017 2018 2017 2018 Losses on receivables $ 722,882 $ 188,383 $ 838,779 $ 414,114
Trade Sale Revenue	Commercial advertising includes revenue from the sale or trade of commercial spots to advertisers directly or through national, regional or local advertising agencies. Commercial spots may be aired or streamed. Each commercial spot is considered a performance obligation. Revenue is recognized when the commercial spots have aired or streamed. Trade sales are recorded at the estimated fair value of the goods or services received. If commercial spots are aired or streamed before the goods or services are received then a trade sales receivable is recorded. If goods or services are received before the commercial spots are aired or streamed then a trade sales payable is recorded. December 31, June 30, 2017 2018 Trade sales receivable $ 1,550,172 $ 1,475,097 Trade sales payable 1,276,170 1,423,413 Three months ended June 30, Six months ended June 30, 2017 2018 2017 2018 Trade sales revenue $ 2,126,125 $ 1,736,658 $ 4,772,553 $ 3,619,088

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted Stock Units and Restricted Stock Activity	A summary of restricted stock unit activity is presented below: Restricted Stock Units Weighted- Grant-Date Unvested as of April 1, 2018 434,002 $ 11.30 Granted 72,643 10.61 Vested (7,310 ) 11.08 Forfeited — — Unvested as of June 30, 2018 499,335 $ 10.57 A summary of restricted stock activity is presented below: Shares Weighted- Grant-Date Unvested as of April 1, 2018 165,486 $ 6.58 Granted — — Vested (8,700 ) 7.21 Forfeited — — Unvested as of June 30, 2018 156,786 $ 6.54

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail) - USD ($)

Jul. 19, 2018

Mar. 15, 2018

Dec. 19, 2017

May 01, 2017

Jan. 06, 2017

Nov. 01, 2016

Jun. 30, 2017

Mar. 31, 2017

Jun. 30, 2018

Jun. 30, 2017

Dec. 31, 2017

Feb. 27, 2017

Business Acquisition [Line Items]

Proceeds from sale assets held for sale

$ 11,000,000

$ 24,000,000

Loss on dispositions, net

$ 3,977,449

$ 300,000

$ 3,707,993

Translator license and equipment received as consideration

$ 300,000

$ 332,000

Disposal Group, Held-for-sale, Not Discontinued Operations [Member]

Business Acquisition [Line Items]

Gain on disposition

$ 4,000,000

Greater Media Inc. [Member]

Business Acquisition [Line Items]

Merger agreement date

Nov. 1, 2016

Business acquisition, sales price

$ 28,000,000

$ 28,000,000

Business acquisition, number of shares expected to be returned

650,759

Business acquisition fair value of shares returned

$ 4,800,000

$ 3,400,000

$ 6,300,000

Estimate of net operating loss carry forwards

$ 3,600,000

Greater Media Inc. [Member] | Treasury Stock [Member]

Business Acquisition [Line Items]

Business acquisition, number of shares expected to be returned

470,480

Greater Media Inc. [Member] | Shares Released from Escrow [Member]

Business Acquisition [Line Items]

Fair value of shares forfeited in escrow

$ 8,800,000

$ 11,600,000

Greater Media Inc. [Member] | Shares Released from Escrow [Member] | Treasury Stock [Member]

Business Acquisition [Line Items]

Business acquisition, number of shares expected to be forfeited and recorded in treasury stock

867,679

Greater Media Inc. [Member] | Class A Common Stock [Member] | Common Stock to be Held in Escrow [Member]

Business Acquisition [Line Items]

Number of shares issuable upon acquisition

867,679

Value of shares issuable upon acquisition

$ 4,200,000

Greater Media Inc. [Member] | Class A Common Stock [Member] | Shares Released from Escrow [Member]

Business Acquisition [Line Items]

Number of shares issuable upon acquisition

189,915

Value of shares issuable upon acquisition

$ 900,000

Fair value of shares forfeited in escrow

$ 3,300,000

CBS Radio Stations Inc., Entercom Boston LLC and The Entercom Divestiture Trust [Member]

Business Acquisition [Line Items]

Asset purchase agreement, cash purchase price

$ 12,000,000

Business acquisition partially financed by borrowings

6,000,000

Business acquisition partially funded in cash

$ 6,000,000

Subsequent Event [Member] | WXTU-FM [Member]

Business Acquisition [Line Items]

Asset purchase agreement, cash purchase price

$ 38,000,000

Acquisitions and Dispositions23

Acquisitions and Dispositions - Summary of Pro forma Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Business Combination Increase Decrease To Reflect Liabilities Acquired At Fair Value [Abstract]
Net revenue	$ 62,750,125	$ 119,848,124
Operating income	10,152,616	15,705,941
Net income	$ 3,208,535	$ 3,782,447
Basic and diluted net income per share	$ 0.12	$ 0.14

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Line of Credit Facility [Line Items]
Capital lease obligations	$ 598,864	$ 630,874
Long-term debt, including capital lease obligations	220,598,864	225,630,874
Less unamortized debt issuance costs	(9,910,220)	(10,850,972)
Long-term debt	210,688,644	214,779,902
Long-term debt	210,688,644	214,779,902
Less current installments	(65,561)	(2,314,020)
Long-term debt, net of current portion	210,623,083	212,465,882
Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt	220,000,000	225,000,000
Revolving Credit Loan [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	$ 0	$ 0

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt	$ 220,000,000	$ 225,000,000
Revolving credit loan and term loan carried interest	6.10%	5.50%
Revolving credit facility and term loan maturity date	Nov. 1, 2023
Term Loan [Member] | Floor Rate [Member]
Line of Credit Facility [Line Items]
Term loan facility interest rate	1.00%
Revolving Credit Loan [Member]
Line of Credit Facility [Line Items]
Revolving credit facility maximum commitment	$ 20,000,000	$ 20,000,000
Remaining commitments under the revolving credit loan facility	$ 20,000,000
Revolving credit loan and term loan carried interest	6.10%	5.50%
Revolving credit facility and term loan maturity date	Nov. 17, 2022
June 30, 2018 through December 31, 2018 [Member] | First Mortgage [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Long-term debt covenants aggregate leverage ratio	6
March 31, 2019 through December 31, 2019 [Member] | First Mortgage [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Long-term debt covenants aggregate leverage ratio	5.75
March 31, 2020 and thereafter [Member] | First Mortgage [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Long-term debt covenants aggregate leverage ratio	5.25
Existing Credit Agreement [Member]
Line of Credit Facility [Line Items]
Long-term debt	$ 220,000,000
Mandatory prepayments of consolidated excess cash flow due period	95 days
Mandatory prepayments of consolidated excess cash flow required by existing credit agreement	Commencing with the year ending December 31, 2018, the credit agreement requires mandatory prepayments equal to 50% of Excess Cash Flow (as defined in the credit agreement) when the Company's Total Leverage Ratio (as defined in the credit agreement) is greater than 3.5x; mandatory prepayments equal to 25% of Excess Cash Flow when the Total Leverage Ratio is less than or equal to 3.5x but greater than 3.0x; and no mandatory prepayments when the Total Leverage Ratio is less than or equal to 3.0x.
Existing Credit Agreement [Member] | Leverage Ratio Greater than 3.5 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow	50.00%
Existing Credit Agreement [Member] | Leverage Ratio Less than or Equal To 3.5 Times and Greater than 3.0 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow	25.00%
Existing Credit Agreement [Member] | Leverage Ratio Less than or Equal to 3.0 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow	0.00%
New Credit Agreement [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins	4.00%
New Credit Agreement [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins	3.00%

Long-Term Debt - Scheduled Repa

Long-Term Debt - Scheduled Repayments of Credit Facility and Capital Lease Obligations (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
2,018	$ 32,010
2,019	67,101
2,020	1,820,326
2,021	2,323,700
2,022	2,253,332
Thereafter	214,102,395
Total	$ 220,598,864	$ 225,630,874

Revenue - Composition of Revenu

Revenue - Composition of Revenue (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation of Revenue [Line Items]
Revenue	$ 61,625,296	$ 61,013,414	$ 116,778,923	$ 114,753,965
Commercial Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenue	53,414,405	54,814,498	101,116,875	102,364,320
Digital Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenue	4,121,798	3,216,722	7,330,337	6,399,849
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 4,089,093	$ 2,982,194	$ 8,331,711	$ 5,989,796

Revenue - Deferred Revenue (Det

Revenue - Deferred Revenue (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 3,305,989		$ 3,305,989		$ 1,893,508
Losses on receivables	$ 188,383	$ 722,882	$ 414,114	$ 838,779

Revenue - Trade Sale Revenue (D

Revenue - Trade Sale Revenue (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 1,475,097		$ 1,475,097		$ 1,550,172
Trade sales payable	1,423,413		1,423,413		$ 1,276,170
Trade sales revenue	$ 1,736,658	$ 2,126,125	$ 3,619,088	$ 4,772,553

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - Pension Plan [Member] - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Jan. 31, 2018	Jun. 30, 2018
Defined Contribution Plan Disclosure [Line Items]
Pension plan termination date		May 31, 2017
Payments to acquire annuities	$ 52
Corporate General and Administrative Expenses [Member]
Defined Contribution Plan Disclosure [Line Items]
Recognized gain due to termination		$ 1

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock granted | $	$ 5.1
Cost expected to be recognized over a weighted-average period	2 years 1 month 6 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	5 years
Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized | shares	7,500,000

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units and Restricted Stock Activity (Detail) - 2007 Plan [Member]	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	434,002
Granted, Shares | shares	72,643
Vested, Shares | shares	(7,310)
Forfeited, Shares | shares	0
Unvested Shares, Ending Balance | shares	499,335
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 11.30
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	10.61
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	11.08
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	0
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 10.57
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	165,486
Granted, Shares | shares	0
Vested, Shares | shares	(8,700)
Forfeited, Shares | shares	0
Unvested Shares, Ending Balance | shares	156,786
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 6.58
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	0
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	7.21
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	0
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 6.54

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Effective tax rate	28.00%	52.00%	57.00%	25.00%
Federal statutory rate			21.00%		35.00%
Increase (decrease) in income tax due to change in fair value of contingent consideration		$ 0.9	$ 1.2	$ (2)

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	Jun. 18, 2018USD ($)	May 03, 2018USD ($)RenewalsRadio_Stations	Jun. 30, 2018USD ($)
Related Party Transaction [Line Items]
Conversion of note receivable and accrued interest to equity investment			$ 187,618
LN2 DB, LLC [Member]
Related Party Transaction [Line Items]
Conversion of note receivable and accrued interest to equity investment	$ 187,618
Additional contribution to related party	$ 150,000
Percentage of outstanding units ownership interest in Investee	20.00%
Beasley Family Towers Inc [Member]
Related Party Transaction [Line Items]
Lease agreement required monthly payments		$ 11,000
Number of radio towers leased for radio stations under separate lease agreements | Radio_Stations		1
Lease agreement expiration date		Dec. 31, 2027
Lease agreement, number of renewals | Renewals		4
Lease agreement, renewal period		5 years

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Fair Value Of Financial Instruments [Line Items]
Long term debt, including capital lease obligations and current installments	$ 220,598,864	$ 225,630,874
Term Loan [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 220,000,000	$ 225,000,000