Beasley Broadcast (BBGI) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	BEASLEY BROADCAST GROUP INC
Security Exchange Name	NASDAQ
Entity Central Index Key	0001099160
Title of 12(b) Security	Common Stock
Current Fiscal Year End Date	--12-31
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Address, State or Province	FL
Trading Symbol	BBGI
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,212,043
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 ($)	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 11,898,751	$ 13,433,828
Accounts receivable, less allowance for doubtful accounts of $2,010,721 in 2018 and $1,816,500 in 2019	49,058,272	52,417,152
Prepaid expenses	6,647,688	3,134,756
Other current assets	2,318,757	1,960,032
Total current assets	69,923,468	70,945,768
Property and equipment, net	59,175,219	57,078,452
Operating lease right-of-use assets	38,184,158
Finance lease right-of-use assets	656,439	675,194
FCC licenses	529,626,671	516,735,554
Goodwill	25,377,447	25,377,447
Other intangibles, net	2,791,981	2,823,178
Other assets	14,147,960	7,449,486
Total assets	739,883,343	681,085,079
Current liabilities:
Accounts payable	13,770,720	9,611,151
Operating lease liabilities	7,023,164
Finance lease liabilities	69,519	67,101
Other current liabilities	21,432,111	19,181,108
Total current liabilities	42,295,514	28,859,360
Due to related parties	589,795	662,329
Long-term debt, net of unamortized debt issuance costs	245,228,469	242,776,520
Operating lease liabilities	35,800,025
Finance lease liabilities	447,009	499,753
Deferred tax liabilities	124,449,836	122,912,545
Other long-term liabilities	9,603,803	10,340,481
Total liabilities	458,414,451	406,050,988
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	152,870,262	149,963,252
Treasury stock, Class A common stock; 4,426,027 shares in 2018; 4,436,006 shares in 2019	(30,484,269)	(30,447,597)
Retained earnings	158,962,705	155,398,555
Accumulated other comprehensive income	87,885	87,885
Total stockholders' equity	281,468,892	275,034,091
Total liabilities and stockholders' equity	739,883,343	681,085,079
Class A Common Stock [Member]
Stockholders' equity:
Common stock	15,647	15,334
Class B Common Stock [Member]
Stockholders' equity:
Common stock	$ 16,662	$ 16,662

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 1,816,500	$ 2,010,721
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	4,436,006	4,426,027
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	15,648,049	15,334,336
Common stock, shares outstanding	11,212,043	10,908,309
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Net revenue	$ 66,114,701	$ 65,147,080	$ 189,461,003	$ 181,926,003
Operating expenses:
Station operating expenses	49,443,632	50,351,099	144,654,507	140,831,239
Corporate general and administrative expenses	5,326,660	3,665,865	15,712,635	11,388,637
Transaction expenses	65,423	110,901	361,935	110,901
Depreciation and amortization	1,867,234	1,693,073	5,378,708	4,801,859
Change in fair value of contingent consideration				4,415,925
Gain on dispositions			(3,545,755)
Total operating expenses	56,702,949	55,820,938	162,562,030	161,548,561
Operating income	9,411,752	9,326,142	26,898,973	20,377,442
Non-operating income (expense):
Interest expense	(4,406,162)	(4,073,658)	(13,544,083)	(11,504,473)
Loss on modification of long-term debt		(281,021)		(281,021)
Other income (expense), net	(86,333)	(761,275)	(280,722)	(285,063)
Income before income taxes	4,919,257	4,210,188	13,074,168	8,306,885
Income tax expense	1,733,980	1,578,412	4,266,627	3,917,689
Income before equity in earnings of unconsolidated affiliates	3,185,277	2,631,776	8,807,541	4,389,196
Equity in earnings of unconsolidated affiliates, net of tax	(141,378)		(141,378)
Net income	$ 3,043,899	$ 2,631,776	8,666,163	4,389,196
Other comprehensive loss:
Reclassification of other comprehensive income due to termination of pension plan (net of income tax benefit of $261,358)				(731,265)
Comprehensive income			$ 8,666,163	$ 3,657,931
Net income per Class A and B common share:
Basic and diluted	$ 0.11	$ 0.10	$ 0.31	$ 0.16
Dividends declared per common share	$ 0.05	$ 0.05	$ 0.15	$ 0.15
Weighted average shares outstanding:
Basic	27,781,412	27,351,587	27,706,759	27,469,904
Diluted	27,882,474	27,500,840	27,828,316	27,664,999

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock-based compensation			$ 1,734,698	$ 1,778,630
Reclassification of other comprehensive income due to termination of pension plan, income tax benefit				261,358
Station Operating Expenses [Member]
Stock-based compensation	$ 138,704	$ 156,338	346,853	529,802
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 463,804	$ 301,116	$ 1,387,845	$ 1,248,828

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 8,666,163	$ 4,389,196
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	1,734,698	1,778,630
Provision for bad debts	271,399	2,472,298
Depreciation and amortization	5,378,708	4,801,859
Change in fair value of contingent consideration		4,415,925
Gain on dispositions	(3,545,755)
Amortization of loan fees	1,451,949	1,415,549
Loss on modification of long-term debt		281,021
Deferred income taxes	1,537,291	2,481,306
Equity in earnings of unconsolidated affiliates	141,378
Change in operating assets and liabilities:
Accounts receivable	3,087,481	(6,587,432)
Prepaid expenses	(3,512,932)	(4,057,747)
Other assets	(140,228)	(1,511,179)
Accounts payable	4,159,569	6,715,576
Other liabilities	3,950,396	212,056
Other operating activities	133,381	19,050
Net cash provided by operating activities	23,313,498	15,833,485
Cash flows from investing activities:
Payments for acquisitions	(13,500,000)	(39,520,000)
Capital expenditures	(6,901,243)	(3,346,558)
Proceeds from dispositions	3,800,000
Payments for translator licenses		(52,500)
Payments for investments	(5,009,999)	(150,000)
Net cash used in investing activities	(21,611,242)	(43,069,058)
Cash flows from financing activities:
Issuance of debt	10,000,000	35,000,000
Payments on debt	(9,000,000)	(7,048,014)
Payments of debt issuance costs		(553,062)
Reduction of finance lease liabilities	(50,326)
Dividends paid	(4,150,335)	(4,020,751)
Purchase of treasury stock	(36,672)	(85,489)
Net cash provided by (used in) financing activities	(3,237,333)	23,292,684
Net decrease in cash and cash equivalents	(1,535,077)	(3,942,889)
Cash and cash equivalents at beginning of period	13,433,828	13,922,390
Cash and cash equivalents at end of period	11,898,751	9,979,501
Cash paid for interest	12,217,854	9,993,376
Cash paid for income taxes	3,438,550	273,200
Supplement disclosure of non-cash investing and financing activities:
Dividends declared but unpaid	1,389,273	1,367,761
Note receivable and accrued interest converted to investment		187,618
Media advertising exchanged for investment	1,000,000
Postretirement Benefits Plan [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Termination of pension 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
Common stock issued for acquisition	198,500	$ 29,888
Common stock issued for investment	$ 974,125

Interim Financial Statements

Interim Financial Statements	9 Months Ended
	Sep. 30, 2019
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	9 Months Ended
	Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	(2) Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“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

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisitions and Dispositions	(3) Acquisitions and Dispositions On August 31, 2019, the Company completed the acquisition of substantially all of the assets used to operate WDMK-FM ere The assets acquired are summarized as follows: Property and equipment $ 432,588 FCC licenses 12,891,117 Other intangibles 176,295 $ 13,500,000 On March 28, 2019, the Company completed the sale of certain land and improvements in Augusta, GA to a third party for $0.5 million. As a result of the sale, the Company recorded a gain of $0.4 million in the first of On March 15, 2019, the Company agreed to cancel a broadband radio service license in Chattanooga, TN in exchange for a fee of $3.3 million received from Clearwire Spectrum Holdings LLC (“Clearwire”). The Company had previously leased the channels under the broadband radio service license to Clearwire under an agreement that ended on March 15, 2019. As a result of the license cancelation, the Company recorded a gain of $3.1 million in the first of On September 27, 2018, the Company completed the acquisition of WXTU-FM WXTU-FM WXTU-FM, 10-K The following unaudited pro forma information for the three and nine months ended September 30, 2018 assumes that the acquisition of WXTU-FM Three M September 30, Nine M ended September 30, Net revenue $ 65,642,435 $ 187,201,031 Operating income 10,605,254 28,493,819 Net income 3,307,743 9,893,232 Basic and diluted net income per share 0.12 0.36

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2019
Other Assets [Abstract]
Other Assets	(4) Other Assets On August 22, 2019, the Company contributed an additional $1.5 million in cash to Quu, Inc. (“Quu”), a technology company, in exchange for an additional 10,000,000 shares. As a result of the additional investment, the Company holds approximately 35% of the outstanding shares of Quu. The Company is considered to have the ability to exercise significant influence over the operating and financial policies of Quu. Therefore, the investment will be accounted for using the equity method. On August 22, 2019, the Company adjusted the initial investment to fair value and recognized a loss of $0.1 million. The Company will recognize its share of the earnings or losses of Quu in the periods for which they are reported by Quu. Any loss in value of the investment that is other than a temporary decline will be recognized. As of Septem ber 30, 2019, the carrying amount of the inves tment in Qu u is $2.2 million. On March 1, 2019, the Company (i) issued 235,296 shares of Class A common stock with a fair value of $1.0 million, (ii) agreed to provide $1.0 million of media advertising over a three year period, and (iii) contributed $2.5 million in cash for an aggregate investment of $4.5 million in Renegades Holdings, Inc. (“Renegades”), an esports organization, in exchange for 3,750,000 shares or approximately 43% of the outstanding shares of Renegades. The Company is considered to have the ability to exercise significant influence over the operating and financial policies of Renegades. Therefore, the investment will be accounted for using the equity method. The Company will recognize its share of the earnings or losses of Renegades in the periods for which they are reported by Renegades. Any loss in value of the investment that is other than a temporary decline will be recognized. The Company acquired an additional 416,666 shares in the third quarter of 2019 for $0.5 million in cash . The Company As of September 30, 2019, the carrying amount of the investment in Renegades is $4.9 million. The Company’s share of earnings from Quu and Renegades is reported in earnings of unconsolidated affiliates , net of ta x

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	(5) Long-Term Debt Long-term debt is comprised of the following: December 31, September 30, Term loan $ 252,000,000 $ 243,000,000 Revolving credit facility — 10,000,000 252,000,000 253,000,000 Less unamortized debt issuance costs (9,223,480 ) (7,771,531 ) 242,776,520 245,228,469 Less current installments — — $ 242,776,520 $ 245,228,469 As of September 30, 2019, the credit facility consisted of a term loan with a remaining balance of $243.0 million and a revolving credit facility with an outstanding balance of $ 10.0 November 17, 2022 November 1, 2023 On August 31, 2019, the Company borrowed $ 10.0 WDMK-FM As of December 31, 2018, the credit facility consisted of a term loan with a remaining balance of $252.0 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 6.5% as of 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 September 30, 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 September 30, 2019, the maximum amount of undiscounted payments the Company and its applicable subsidiaries would have been required to make in the event of default was $253.0 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 facility. 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 September 30, 2019, the Company was in compliance with all applicable financial covenants under the credit agreement. The aggregate scheduled principal repayments of the credit facility for the remainder of 2019 and the next four years are as follows: 2019 $ — 2020 — 2021 — 2022 10,000,000 2023 243,000,000 Total $ 253,000,000

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	(6) Leases The Company leases office space in several markets. Some leases are for the entire building while others are for certain office space in a building. The Company also rents land beneath a building owned by the Company in Augusta, GA. The Company leases radio towers for the majority of its radio stations. Leases for FM radio stations are generally to install broadcast equipment on a radio tower and in a transmitter building adjacent to the radio tower. Leases for AM radio stations are generally for the entire radio tower array and the adjacent transmitter building. The Company also leases tower space to install translator equipment. Certain rental agreements for office space and radio towers contain non-lease non-lease Consideration for office space and radio tower leases generally includes monthly payments with either a fixed annual increase or a variable annual increase based on a consumer price index. Leases with variable annual increases based on a consumer price index are initially measured using the index at the commencement date. Subsequent changes to variable increases based on a consumer price index will be recognized in the statement of operations in the period of change. The lease term begins at the commencement date and is determined on that date based on the noncancelable term of the lease, together with periods covered by an option to extend the lease if the Company is reasonably certain to exercise that option. When evaluating whether the Company is reasonably certain to exercise an option to renew the lease, the Company is required to assess all relevant factors that create an economic incentive for the Company to exercise the renewal. The Company rents certain office equipment, such as copiers, in several markets. Consideration for office equipment leases generally includes fixed monthly payments for the lease term. The lease term begins at the commencement date and is determined on that date based on the noncancelable term of the lease. Office equipment leases generally do not include options to extend the lease. The Company received several vehicles through acquisitions that have completed the original lease term and are now leased on a month to month basis. The vehicles are expected to be acquired or returned to the lessor within twelve months. The Company has made an accounting policy election to not record leases with a term of 12 months or less on its balance sheet. Instead, the Company recognizes lease payments as an expense on a straight-line basis over the lease term. The various discount rates are based on the Company’s incremental borrowing rate due to the rate implicit in the leases being not readily determinable. The Company’s incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. The Company used the current borrowing rate on its credit facility, adjusted for the effects of collateralization, to determine the various rates it would pay to finance similar transactions over similar time periods. The Company leases certain office space and radio towers from related parties. The current lease expiration dates range from December 2020 through December 2027 and annual rental expense ranges from $13,000 to $0.2 million. Related party right-of-use 10-K The Company elected to apply a package of practical expedients that allows it not to reassess (i) whether any expired or existing contracts are or contain leases, (ii) lease classification for any expired or existing leases, and (iii) initial direct costs for any expired or existing leases. Certain amounts related to finance leases previously reported in the 2018 financial statements have been reclassified to conform to the 2019 presentation. The following table summarizes lease information: Three M September 30, Nine M ended September 30, Lease cost Operating lease cost $ 2,564,398 $ 7,576,348 Finance lease cost: Amortization of right-of-use 6,251 18,753 Interest on lease liabilities 3,472 10,417 Short-term lease cost 7,200 21,600 Total lease cost $ 2,581,321 $ 7,627,118 Other information Operating cash flows from operating leases $ 2,551,861 $ 7,294,543 Operating cash flows from finance leases 3,472 10,417 Financing cash flows from finance leases 16,775 50,326 Right-of-use 2,027,517 4,577,877 Right-of-use — — September 30, Weighted-average remaining lease term – operating leases 6.7 Weighted-average remaining lease term – finance leases 26.3 Weighted-average discount rate – operating leases 8.5 % Weighted-average discount rate – finance leases 3.9 % As of September 30, 2019, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows: Year 1 $ 10,503,037 Year 2 9,641,222 Year 3 8,701,116 Year 4 6,935,661 Year 5 5,952,924 Thereafter 19,338,030 Total lease payments 61,071,990 Less imputed interest (17,732,273 ) Present value of lease liabilities $ 43,339,717 As of December 31, 2018, future minimum payments for operating and finance leases for the next five years and thereafter were summarized as follows: 2019 $ 9,800,202 2020 9,946,823 2021 8,881,584 2022 7,662,679 2023 6,305,127 Thereafter 19,974,004 Total $ 62,570,419

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders' Equity	(7) Stockholders’ Equity The changes in stockholders’ equity for the three and nine months ended September 30, 2018 and 2019 are as follows: Three M Nine M 2018 2019 2018 2019 Beginning balance $ 272,195,359 $ 279,217,346 $ 286,166,200 $ 275,034,091 Change in accounting principle — — — (935,916 ) Issuance of common stock 29,888 — 29,888 1,172,625 Stock-based compensation 457,454 602,508 1,778,630 1,734,698 Purchase of treasury stock (17,093 ) (5,588 ) (13,600,895 ) (36,672 ) Net income 2,631,776 3,043,899 4,389,196 8,666,163 Cash dividends (1,367,761 ) (1,389,273 ) (4,102,131 ) (4,166,097 ) Other comprehensive loss — — (731,265 ) — Ending balance $ 273,929,623 $ 281,468,892 $ 273,929,623 $ 281,468,892

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	(8) Revenue Revenue is comprised of the following: Three M Nine M 2018 2019 2018 2019 Commercial advertising $ 56,644,127 $ 57,168,203 $ 157,761,002 $ 164,125,289 Digital advertising 3,496,136 5,052,417 10,826,473 13,507,547 Other 5,006,817 3,894,081 13,338,528 11,828,167 $ 65,147,080 $ 66,114,701 $ 181,926,003 $ 189,461,003 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, September 30, Deferred revenue $ 1,868,223 $ 3,414,696 Three M Nine M 2018 2019 2018 2019 Losses on receivables $ 1,845,022 $ 107,224 $ 2,259,136 $ 465,620 Commercial advertising includes revenue from the sale or trade of aired commercial spots to advertisers directly or through national, regional or local advertising agencies. Each commercial spot is considered a performance obligation. Revenue is recognized when the commercial spots have aired. Trade sales are recorded at the estimated fair value of the goods or services received. If commercial spots are aired 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 then a trade sales payable is recorded. December 31, September 30, Trade sales receivable $ 1,606,283 $ 1,818,542 Trade sales payable 1,250,454 1,312,993 Three M Nine M 2018 2019 2018 2019 Trade sales revenue $ 2,790,888 $ 2,005,613 $ 6,409,976 $ 6,513,855 Digital advertising includes revenue from the sale of streamed commercial spots, station-owned assets and third party products. Each streamed commercial spot, station-owned asset and third party product is considered a performance obligation. Revenue is recognized when the commercial spots have streamed. 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 except for streamed commercial spots. 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.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(9) 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 July 1, 2019 646,934 $ 6.10 Granted — — Vested — — Forfeited — — Unvested as of September 30, 2019 646,934 $ 6.10 A summary of restricted stock activity is presented below: Shares Weighted- Grant-Date Unvested as of July 1, 2019 97,500 $ 4.88 Granted — — Vested (7,500 ) 4.90 Forfeited — — Unvested as of September 30, 2019 90,000 $ 4.88 As of September 30, 2019, there was $2.4 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	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	(10) Income Taxes The Company’s effective tax rate was 37% and 35% for the three months ended September 30, 2018 and 2019, respectively, and 47% and 33% for the nine months ended September 30, 2018 and 2019, respectively. These rates differ from the federal statutory rate of 21% due to the effect of state income taxes and certain expenses that are not deductible for tax purposes. The effective tax rate for the nine months ended September 30, 2018 also reflects a $1.2 million increase due to the change in fair value of contingent consideration during that time period.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2019
Investments, All Other Investments [Abstract]
Financial Instruments	(11) 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 - The carrying amount of the Company’s long-term debt, including the term loan and the revolving credit facility as of September 30, 2019 was $253.0 million, which approximated fair value based on current market interest rates. The carrying amount of the Company’s long-term debt as of December 31, 2018 was $252.0 million, which approximated fair value based on current market interest rates.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	In February 2016, the Financial Accounting Standards Board (“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

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2019
WDMK-FM [Member]
Schedule of Purchase Price Allocation	The assets acquired are summarized as follows: Property and equipment $ 432,588 FCC licenses 12,891,117 Other intangibles 176,295 $ 13,500,000
WXTU-FM [Member]
Summary of Pro forma Information	The following unaudited pro forma information for the three and nine months ended September 30, 2018 assumes that the acquisition of WXTU-FM Three M September 30, Nine M ended September 30, Net revenue $ 65,642,435 $ 187,201,031 Operating income 10,605,254 28,493,819 Net income 3,307,743 9,893,232 Basic and diluted net income per share 0.12 0.36

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, September 30, Term loan $ 252,000,000 $ 243,000,000 Revolving credit facility — 10,000,000 252,000,000 253,000,000 Less unamortized debt issuance costs (9,223,480 ) (7,771,531 ) 242,776,520 245,228,469 Less current installments — — $ 242,776,520 $ 245,228,469
Scheduled Repayments of Credit Facility	The aggregate scheduled principal repayments of the credit facility for the remainder of 2019 and the next four years are as follows: 2019 $ — 2020 — 2021 — 2022 10,000,000 2023 243,000,000 Total $ 253,000,000

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Summary of lease information	The following table summarizes lease information: Three M September 30, Nine M ended September 30, Lease cost Operating lease cost $ 2,564,398 $ 7,576,348 Finance lease cost: Amortization of right-of-use 6,251 18,753 Interest on lease liabilities 3,472 10,417 Short-term lease cost 7,200 21,600 Total lease cost $ 2,581,321 $ 7,627,118 Other information Operating cash flows from operating leases $ 2,551,861 $ 7,294,543 Operating cash flows from finance leases 3,472 10,417 Financing cash flows from finance leases 16,775 50,326 Right-of-use 2,027,517 4,577,877 Right-of-use — — September 30, Weighted-average remaining lease term – operating leases 6.7 Weighted-average remaining lease term – finance leases 26.3 Weighted-average discount rate – operating leases 8.5 % Weighted-average discount rate – finance leases 3.9 %
Schedule of future minimum lease payments	As of September 30, 2019, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows: Year 1 $ 10,503,037 Year 2 9,641,222 Year 3 8,701,116 Year 4 6,935,661 Year 5 5,952,924 Thereafter 19,338,030 Total lease payments 61,071,990 Less imputed interest (17,732,273 ) Present value of lease liabilities $ 43,339,717 As of December 31, 2018, future minimum payments for operating and finance leases for the next five years and thereafter were summarized as follows: 2019 $ 9,800,202 2020 9,946,823 2021 8,881,584 2022 7,662,679 2023 6,305,127 Thereafter 19,974,004 Total $ 62,570,419

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Schedule of Changes in Stockholders Equity	The changes in stockholders’ equity for the three and nine months ended September 30, 2018 and 2019 are as follows: Three M Nine M 2018 2019 2018 2019 Beginning balance $ 272,195,359 $ 279,217,346 $ 286,166,200 $ 275,034,091 Change in accounting principle — — — (935,916 ) Issuance of common stock 29,888 — 29,888 1,172,625 Stock-based compensation 457,454 602,508 1,778,630 1,734,698 Purchase of treasury stock (17,093 ) (5,588 ) (13,600,895 ) (36,672 ) Net income 2,631,776 3,043,899 4,389,196 8,666,163 Cash dividends (1,367,761 ) (1,389,273 ) (4,102,131 ) (4,166,097 ) Other comprehensive loss — — (731,265 ) — Ending balance $ 273,929,623 $ 281,468,892 $ 273,929,623 $ 281,468,892

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Revenue is comprised of the following: Three M Nine M 2018 2019 2018 2019 Commercial advertising $ 56,644,127 $ 57,168,203 $ 157,761,002 $ 164,125,289 Digital advertising 3,496,136 5,052,417 10,826,473 13,507,547 Other 5,006,817 3,894,081 13,338,528 11,828,167 $ 65,147,080 $ 66,114,701 $ 181,926,003 $ 189,461,003
Deferred Revenue	December 31, September 30, Deferred revenue $ 1,868,223 $ 3,414,696 Three M Nine M 2018 2019 2018 2019 Losses on receivables $ 1,845,022 $ 107,224 $ 2,259,136 $ 465,620
Trade Sale Revenue	Commercial advertising includes revenue from the sale or trade of aired commercial spots to advertisers directly or through national, regional or local advertising agencies. Each commercial spot is considered a performance obligation. Revenue is recognized when the commercial spots have aired. Trade sales are recorded at the estimated fair value of the goods or services received. If commercial spots are aired 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 then a trade sales payable is recorded. December 31, September 30, Trade sales receivable $ 1,606,283 $ 1,818,542 Trade sales payable 1,250,454 1,312,993 Three M Nine M 2018 2019 2018 2019 Trade sales revenue $ 2,790,888 $ 2,005,613 $ 6,409,976 $ 6,513,855

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
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 July 1, 2019 646,934 $ 6.10 Granted — — Vested — — Forfeited — — Unvested as of September 30, 2019 646,934 $ 6.10 A summary of restricted stock activity is presented below: Shares Weighted- Grant-Date Unvested as of July 1, 2019 97,500 $ 4.88 Granted — — Vested (7,500 ) 4.90 Forfeited — — Unvested as of September 30, 2019 90,000 $ 4.88

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($)	Sep. 30, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability	$ 43,339,717
Operating Lease, Right-of-Use Asset	$ 38,184,158
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability		$ 43,100,000
Operating Lease, Right-of-Use Asset		38,800,000
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Retained Earnings		$ 900,000

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail) - USD ($)	Aug. 31, 2019	Mar. 28, 2019	Mar. 15, 2019	Sep. 27, 2018	Mar. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Line Items]
Gain on sale of assets						$ 3,545,755
Asset purchase agreement, cash purchase price						13,500,000	$ 39,520,000
Proceeds from sale of assets						$ 3,800,000
Augusta GA [Member]
Business Acquisition [Line Items]
Gain on sale of assets					$ 400,000
Proceeds from sale of assets		$ 500,000
Operating and Broadcast Rights [Member] | Clearwire [Member]
Business Acquisition [Line Items]
Gain on cancelation of license					$ 3,100,000
Proceeds from cancellation of license			$ 3,300,000
WXTU-FM [Member]
Business Acquisition [Line Items]
Merger agreement date				Sep. 27, 2018
Asset purchase agreement, cash purchase price				$ 38,000,000
Business acquisition partially financed by borrowings				35,000,000
Business acquisition partially funded in cash				$ 3,000,000
WDMK [Member]
Business Acquisition [Line Items]
Asset purchase agreement, cash purchase price	$ 13,500,000
Business acquisition partially financed by borrowings	10,000,000
Business acquisition partially funded in cash	3,500,000
Business acquisition,transaction expenses	$ 200,000

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule of Purchase Price Allocation (Detail) - WXTU-FM [Member]	Sep. 30, 2019USD ($)
Business Acquisition [Line Items]
Property and equipment	$ 432,588
FCC licenses	12,891,117
Other intangibles	176,295
Net assets acquired	$ 13,500,000

Acquisitions and Dispositions_3

Acquisitions and Dispositions - Summary of Pro forma Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2019	Sep. 30, 2018
Business Combination Increase Decrease To Reflect Liabilities Acquired At Fair Value [Abstract]
Net revenue	$ 187,201,031	$ 65,642,435
Operating income	28,493,819	10,605,254
Net income	$ 9,893,232	$ 3,307,743
Basic and diluted net income per share	$ 0.36	$ 0.12

Other Assets - Additional Infor

Other Assets - Additional Information (Detail) - USD ($)	Aug. 22, 2019	Mar. 01, 2019	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Other Assets [Line Items]
Payments to acquire equity method investments						$ 5,009,999	$ 150,000
Renegades Holdings, Inc. [Member]
Other Assets [Line Items]
Business combination transferred others		$ 1,000,000
Payments to acquire equity method investments		2,500,000
Equity method investment aggregate cost		$ 4,500,000			$ 500,000	500,000
Equity method investments number of shares acquired		3,750,000			416,666
Equity method investment ownership percentage		43.00%
Carrying value of investment					$ 4,900,000	4,900,000
Renegades Holdings, Inc. [Member] | Forecast [Member]
Other Assets [Line Items]
Equity method investment aggregate cost			$ 1,000,000
Equity method investments number of shares acquired			416,668	416,666
Quu Inc [Member]
Other Assets [Line Items]
Payments to acquire equity method investments	$ 1,500,000
Equity method investments number of shares acquired	10,000,000
Equity method investment ownership percentage	35.00%
Fair value adjustment On equity method investments	$ (100,000)
Carrying value of investment					$ 2,200,000	$ 2,200,000
Common Class A [Member] | Renegades Holdings, Inc. [Member]
Other Assets [Line Items]
Equity method investment, Number of shares issued		235,296
Equity method investment, Value of shares issued		$ 1,000,000

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Total debt	$ 253,000,000	$ 252,000,000
Less unamortized debt issuance costs	(7,771,531)	(9,223,480)
Long-term debt	245,228,469	242,776,520
Long-term debt, net of current portion	245,228,469	242,776,520
Term Loan [Member]
Line of Credit Facility [Line Items]
Total debt	243,000,000	$ 252,000,000
Revolving Credit Loan [Member]
Line of Credit Facility [Line Items]
Total debt	10,000,000
Long-term debt	$ 10,000,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	1 Months Ended	9 Months Ended
	Aug. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Long-term debt		$ 253,000,000	$ 252,000,000
Credit facility interest rate margins		2.00%
Revolving credit outstanding balance		$ 245,228,469	242,776,520
Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt		$ 243,000,000	252,000,000
Revolving credit loan and term loan carried interest		6.00%
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]
Long-term debt		$ 10,000,000
Revolving credit facility maximum commitment		$ 20,000,000	$ 20,000,000
Revolving credit loan and term loan carried interest		6.00%	6.50%
Remaining commitments under the revolving credit loan facility		$ 10,000,000
Revolving credit facility and term loan maturity date		Nov. 17, 2022
Revolving credit outstanding balance		$ 10,000,000
Borrowing from revolving facility	$ 10,000,000
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		$ 253,000,000
Mandatory prepayments of consolidated excess cash flow due period		95 days
Mandatory prepayments of consolidated excess cash flow required by existing credit agreement		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;
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 (Detail) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
2019	$ 0
2020	0
2021	0
2022	10,000,000
2023	243,000,000
Total	$ 253,000,000	$ 252,000,000

Leases - Additional Information

Leases - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2019USD ($)
Maximum [Member]
Operating Leases, Rent Expense	$ 200,000
Lease Expiration Date	Dec. 31, 2027
Minimum [Member]
Operating Leases, Rent Expense	$ 13,000
Lease Expiration Date	Dec. 31, 2020

Leases - Summary Of Lease Cost

Leases - Summary Of Lease Cost (Detail)	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Lease cost
Operating lease cost	$ 2,564,398	$ 7,576,348
Finance lease cost:
Amortization of right-of-use assets	6,251	18,753
Interest on lease liabilities	3,472	10,417
Short-term lease cost	7,200	21,600
Total lease cost	2,581,321	7,627,118
Other information
Operating cash flows from operating leases	2,551,861	7,294,543
Operating cash flows from finance leases	3,472	10,417
Financing cash flows from finance leases	16,775	50,326
Right-of-use assets obtained in exchange for new operating lease liabilities	2,027,517	4,577,877
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 0	$ 0
Weighted-average remaining lease term – operating leases	6 years 8 months 12 days	6 years 8 months 12 days
Weighted-average remaining lease term – finance leases	26 years 3 months 18 days	26 years 3 months 18 days
Weighted-average discount rate – operating leases	8.50%	8.50%
Weighted-average discount rate – finance leases	3.90%	3.90%

Leases - Summary Of Future Mini

Leases - Summary Of Future Minimum Payments (Detail) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Year 1	$ 10,503,037	$ 9,800,202
Year 2	9,641,222	9,946,823
Year 3	8,701,116	8,881,584
Year 4	6,935,661	7,662,679
Year 5	5,952,924	6,305,127
Thereafter	19,338,030	19,974,004
Total lease payments	61,071,990	$ 62,570,419
Less imputed interest	(17,732,273)
Present value of lease liabilities	$ 43,339,717

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Stockholders Equity (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Beginning balance	$ 279,217,346	$ 272,195,359	$ 275,034,091	$ 286,166,200
Change in accounting principle			(935,916)
Issuance of common stock		29,888	1,172,625	29,888
Stock-based compensation	602,508	457,454	1,734,698	1,778,630
Purchase of treasury stock	(5,588)	(17,093)	(36,672)	(13,600,895)
Net income	3,043,899	2,631,776	8,666,163	4,389,196
Cash dividends	(1,389,273)	(1,367,761)	(4,166,097)	(4,102,131)
Other comprehensive loss				(731,265)
Ending balance	$ 281,468,892	$ 273,929,623	$ 281,468,892	$ 273,929,623

Revenue - Composition of Revenu

Revenue - Composition of Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Net revenue	$ 66,114,701	$ 65,147,080	$ 189,461,003	$ 181,926,003
Commercial Advertising [Member]
Disaggregation of Revenue [Line Items]
Net revenue	57,168,203	56,644,127	164,125,289	157,761,002
Digital Advertising [Member]
Disaggregation of Revenue [Line Items]
Net revenue	5,052,417	3,496,136	13,507,547	10,826,473
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 3,894,081	$ 5,006,817	$ 11,828,167	$ 13,338,528

Revenue - Deferred Revenue (Det

Revenue - Deferred Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 3,414,696		$ 3,414,696		$ 1,868,223
Losses on receivables	$ 107,224	$ 1,845,022	$ 465,620	$ 2,259,136

Revenue - Trade Sale Revenue (D

Revenue - Trade Sale Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 1,818,542		$ 1,818,542		$ 1,606,283
Trade sales payable	1,312,993		1,312,993		$ 1,250,454
Trade sales revenue	$ 2,005,613	$ 2,790,888	$ 6,513,855	$ 6,409,976

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock granted | $	$ 2.4
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]	3 Months Ended
	Sep. 30, 2019$ / sharesshares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	646,934
Granted, Shares | shares	0
Vested, Shares | shares	0
Forfeited, Shares | shares	0
Unvested Shares, Ending Balance | shares	646,934
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 6.10
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	0
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	0
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	0
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 6.10
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	97,500
Granted, Shares | shares	0
Vested, Shares | shares	(7,500)
Forfeited, Shares | shares	0
Unvested Shares, Ending Balance | shares	90,000
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 4.88
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	0
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	4.90
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	0
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 4.88

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Federal statutory rate			21.00%
Effective tax rate	35.00%	37.00%	33.00%	47.00%
Increase (decrease) in income tax due to change in fair value of contingent consideration				$ 1.2

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 253,000,000	$ 252,000,000
Term Loan [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 243,000,000	$ 252,000,000