Beasley Broadcast (BBGI) 10-Q 12 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Nov. 05, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
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		12,627,099
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, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 15,492,425	$ 18,648,171
Accounts receivable, less allowance for doubtful accounts of $2,145,599 in 2019 and $3,524,070 in 2020	38,558,344	54,577,452
Prepaid expenses	5,495,367	3,516,766
Other current assets	9,198,088	2,915,654
Total current assets	68,744,224	79,658,043
Property and equipment, net	55,231,842	53,813,602
Operating lease right-of-use assets	36,118,099	39,768,910
Finance lease right-of-use assets	336,667	346,667
FCC licenses	510,724,755	517,529,167
Goodwill	28,596,547	28,596,547
Other intangibles, net	26,698,310	29,333,230
Other assets	9,485,566	11,014,063
Total assets	735,936,010	760,060,229
Current liabilities:
Current installments of long-term debt	2,750,000	7,500,000
Accounts payable	13,223,537	10,323,408
Operating lease liabilities	7,086,118	7,234,492
Finance lease liabilities	68,835	70,192
Other current liabilities	25,227,673	28,064,367
Total current liabilities	48,356,163	53,192,459
Due to related parties	5,570,132	565,617
Long-term debt, net of current installments and unamortized debt issuance costs	257,371,712	248,712,452
Operating lease liabilities	31,268,630	34,837,804
Finance lease liabilities	19,487	75,020
Deferred tax liabilities	119,225,496	121,130,996
Other long-term liabilities	17,021,149	17,073,923
Total liabilities	478,832,769	475,588,271
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	156,488,368	153,254,599
Treasury stock, Class A common stock; 4,493,181 shares in 2019; 4,509,512 shares in 2020	(30,696,744)	(30,662,332)
Retained earnings	132,113,215	162,350,145
Accumulated other comprehensive loss	(436,338)	(436,338)
Total stockholders' equity	257,502,295	284,538,540
Noncontrolling interests	(399,054)	(66,582)
Total equity	257,103,241	284,471,958
Total liabilities and stockholders' equity	735,936,010	760,060,229
Class A Common Stock [Member]
Stockholders' equity:
Common stock	17,132	15,804
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, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 3,524,070	$ 2,145,599
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	4,509,512	4,493,181
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	17,132,861	15,805,432
Common stock, shares outstanding	12,623,349	11,312,251
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 (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Net revenue	$ 49,649,659	$ 66,114,701	$ 137,683,217	$ 189,461,003
Operating expenses:
Operating expenses	41,589,490	49,443,632	133,868,282	144,654,507
Corporate expenses	3,712,816	5,326,660	11,950,672	15,712,635
Transaction expenses		65,423		361,935
Other operating expenses	600,000		600,000
Depreciation and amortization	2,912,681	1,867,234	8,375,227	5,378,708
Gain on dispositions				(3,545,755)
Impairment losses			6,804,412
Total operating expenses	48,814,987	56,702,949	161,598,593	162,562,030
Operating income (loss)	834,672	9,411,752	(23,915,376)	26,898,973
Non-operating income (expense):
Interest expense	(4,544,235)	(4,406,162)	(12,580,706)	(13,544,083)
Loss on modification of long-term debt			(2,798,789)
Other income (expense), net	(42,156)	(86,333)	55,960	(280,722)
Income (loss) before income taxes	(3,751,719)	4,919,257	(39,238,911)	13,074,168
Income tax expense (benefit)	(1,031,166)	1,733,980	(9,490,892)	4,266,627
Income (loss) before equity in earnings of unconsolidated affiliates	(2,720,553)	3,185,277	(29,748,019)	8,807,541
Equity in earnings of unconsolidated affiliates, net of tax	(4,221)	(141,378)	(90,715)	(141,378)
Net income (loss)	(2,724,774)	3,043,899	(29,838,734)	8,666,163
Earnings attributable to noncontrolling interest	339,376		881,814
Net income (loss) attributable to BBGI stockholders	$ (2,385,398)	$ 3,043,899	$ (28,956,920)	$ 8,666,163
Net income (loss) attributable to BBGI stockholders per Class A and B common share:
Basic and diluted	$ (0.08)	$ 0.11	$ (1.02)	$ 0.31
Dividends declared per common share		$ 0.05	$ 0.05	$ 0.15
Weighted average shares outstanding:
Basic	29,154,148	27,781,412	28,362,512	27,706,759
Diluted	29,154,148	27,882,474	28,362,512	27,828,316

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Stock-based compensation			$ 694,671	$ 1,734,698
Station Operating Expenses [Member]
Stock-based compensation	$ 103,980	$ 138,704	347,497	346,853
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 124,988	$ 463,804	$ 347,174	$ 1,387,845

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)
Cash flows from operating activities:
Net income (loss)	$ (29,838,734)	$ 8,666,163
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation	694,671	1,734,698
Provision for bad debts	3,432,813	271,399
Depreciation and amortization	8,375,227	5,378,708
Gain on dispositions		(3,545,755)
Impairment losses	6,804,412
Non-cash interest expense	290,426
Amortization of loan fees	1,441,634	1,451,949
Loss on modification of long-term debt	2,798,789
Deferred income taxes	(8,972,361)	1,537,291
Equity in earnings of unconsolidated affiliates	90,715	141,378
Change in operating assets and liabilities:
Accounts receivable	12,586,295	3,087,481
Prepaid expenses	(1,978,601)	(3,512,932)
Other assets	3,164,693	(140,228)
Accounts payable	2,900,129	4,159,569
Other liabilities	(1,295,347)	3,950,396
Other operating activities	305,806	133,381
Net cash provided by operating activities	800,567	23,313,498
Cash flows from investing activities:
Payments for acquisitions		(13,500,000)
Capital expenditures	(6,996,619)	(6,901,243)
Proceeds from dispositions		3,800,000
Payments for investments	(1,000,000)	(5,009,999)
Net cash used in investing activities	(7,996,619)	(21,611,242)
Cash flows from financing activities:
Issuance of debt	14,000,000	10,000,000
Payments on debt	(4,500,000)	(9,000,000)
Payment of debt issuance costs	(2,581,163)
Reduction of finance lease liabilities	(48,615)	(50,326)
Dividends paid	(2,795,504)	(4,150,335)
Purchase of treasury stock	(34,412)	(36,672)
Net cash provided by (used in) financing activities	4,040,306	(3,237,333)
Net decrease in cash and cash equivalents	(3,155,746)	(1,535,077)
Cash and cash equivalents at beginning of period	18,648,171	13,433,828
Cash and cash equivalents at end of period	15,492,425	11,898,751
Cash paid for interest	10,871,306	12,217,854
Cash paid for income taxes	115,400	3,438,550
Supplement disclosure of non-cash investing and financing activities:
Dividends declared but unpaid		1,389,273
Media advertising exchanged for investment		1,000,000
Class A Common Stock [Member]
Supplement disclosure of non-cash investing and financing activities:
Class A common stock issued for debt repayment	$ 2,250,000
Class A common stock issued for acquisition		198,500
Class A common stock issued for investment		$ 974,125

Interim Financial Statements

Interim Financial Statements	9 Months Ended
	Sep. 30, 2020
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. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and its investments in OutlawsXP, Inc. (“Outlaws”) and Renegades Holdings, Inc. (“Renegades”). The Company holds an approximately 90% economic interest in Outlaws and an approximately 51% economic interest in Renegades. Net assets and results of operations for Outlaws and Renegades as of and for the three and nine months ended September 30, 2020 are not significant. All significant inter-company transactions and balances have been eliminated. COVID-19 In March 2020, coronavirus disease 2019 (“COVID-19”) COVID-19 COVID-19 COVID-19 have COVID-19 Beginning in March 2020, the Company implemented certain expense control initiatives, such as reductions in compensation for management and other employees, reductions in planned capital expenditures, negotiated vendor pricing reductions, furloughs and headcount reductions for certain employees and suspensions of new employee hiring and travel and entertainment expenses. The Company expects these initiatives to continue reducing its expenses throughout the remainder of 2020. The board of directors also suspended future quarterly dividend payments until it is determined that resumption of dividend payments is in the best interest of the Company’s stockholders. In addition, in June 2020, the Company entered into Amendment No. 2 to its credit agreement (the “Amendment”) which limits the ability of the Company to pay dividends until certain leverage-based milestones have been achieved. In June 2020, the Company also entered into an amendment to the Promissory Note (as defined below). See Note 4 for additional information. The COVID-19 right-of-use

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisitions and Dispositions	(2) Acquisitions and On May 5, 2020, the Company entered into an agreement to sell certain land with an immaterial carrying amount in Charlotte, NC to a third party for $4.7 million. The Company expects to close on the sale and record a gain during the fourth quarter of 2020. On August 31, 2019, the Company completed the acquisition of substantially all of the assets used to operate WDMK-FM 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 quarter of 2019. 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 quarter of 2019.

FCC Licenses

FCC Licenses	9 Months Ended
	Sep. 30, 2020
Text Block [Abstract]
FCC Licenses	(3) FCC Licenses Changes in the carrying amount of Federal Communications Commission (“FCC”) licenses for the nine months ended September 30, 2020 are as follows: Balance as of January 1, 2020 $ 517,529,167 Impairment losses (6,804,412 ) Balance as of September 30, 2020 $ 510,724,755 Licenses are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s licenses might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that its licenses are impaired. If the Company determines it is more likely than not that its licenses are impaired, then the Company is required to perform the quantitative impairment test. The quantitative impairment test compares the fair value of the Company’s licenses with their carrying amounts. If the carrying amounts of the licenses exceed their fair value, an impairment loss is recognized in an amount equal to that excess. For the purpose of testing its licenses for impairment, the Company combines its licenses into reporting units based on its market clusters. Due to the impact of the COVID-19 COVID-19 were estimated Revenue growth rates (14.1)% - 7.9% Market revenue shares at maturity 0.6% - 39.0% Operating income margins at maturity 26.5% - 35.4% Discount rate 9.5% The Company did not identify any triggering events for impairment during the second quarter of 2020. Therefore, the Company did not test its FCC licenses for impairment during the second quarter of 2020. The Company elected to perform the quantitative impairment test for its FCC licenses in all markets during the third quarter of 2020. As a result of the quantitative impairment test performed as of September 30, 2020, the Company recorded no impairment losses related to its FCC licenses in any of its reporting units. The fair values were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected radio market revenues, projected growth rate for radio market revenues, projected radio market revenue shares, projected radio station operating income margins, and a discount rate appropriate for the radio broadcasting industry . The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.5% - 18.8% Market revenue shares at maturity 0.6% - 44.4% Operating income margins at maturity 19.5% - 33.3% Discount rate 9.0%

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Long-Term Debt	(4) Long-Term Debt Long-term debt is comprised of the following: December 31, September 30, Credit facility—term loan facilit y $ 239,000,000 $ 238,000,000 Credit facility—revolving credit facilit y 11,000,000 20,000,000 Promissory note 13,500,000 7,750,000 263,500,000 265,750,000 Less unamortized debt issuance costs (7,287,548 ) (5,628,288 ) 256,212,452 260,121,712 Less current installments (7,500,000 ) (2,750,000 ) $ 248,712,452 $ 257,371,712 As of September 30, 2020, the credit facility consisted of a term loan facility with a remaining balance of $238.0 million and a revolving credit facility with an outstanding balance of $20.0 million and a maximum commitment of $20.0 million. As of September 30, 2020, the Company had no available commitments under its revolving credit facility. Following the entry into the Amendment as described below, at the Company’s option, the credit facility may bear interest at either (i) the London Interbank Offered Rate (“LIBOR”) plus a margin of 4.25% or (ii) the base rate (as defined in the credit agreement) plus a margin of 3.25%. The LIBOR interest rate for the term loan is subject to a 1% floor and the base rate is subject to a 2% 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 4.4% as of September 30, 2020 and matures on November 17, 2022. The term loan carried interest, based on LIBOR, at 5.25% as of September 30, 2020 and matures on November 1, 2023. On June 30, 2020, the Company entered into the Amendment with certain of its lenders. The Amendment amended and modified the credit agreement to, among other things, (i) increase the interest rate applicable to the term loans and revolving credit facility by 25 basis points per annum, (ii) add fees of 300 basis points payable on December 31, 2021 and 150 basis points payable on December 31, 2022, if the credit agreement is not refinanced prior to such time, (iii) impose additional reporting requirements, (iv) revise the Excess Cash Flow prepayment requirement such that when the Total Leverage Ratio is greater than 4.5x, 75% of Excess Cash Flow must be prepaid, with such prepayment amounts stepping down to 50%, 25% and 0% upon achievement of certain Total Leverage Ratio milestones, and (v) reduce the flexibility to incur certain additional indebtedness, liens and investments and make certain restricted payments, subject to the achievement of certain leverage-based milestones. In connection with the Amendment, the Company recorded a loss on modification of long-term debt of $2.8 million during the second quarter of 2020. Additionally, the Amendment modified the financial covenant to remove the maximum First Lien Leverage Ratio previously tested quarterly through the fiscal quarter ended March 31, 2020. In its place, the Amendment added (i) a minimum liquidity covenant of $8.5 million (the “Minimum Liquidity Amount”), which will be tested every other week until the Total Leverage Ratio is less than 5.0x, (ii) a minimum EBITDA (as defined in the credit agreement, as amended by the Amendment) covenant, which will be tested monthly beginning October 31, 2020 through June 30, 2021 and (iii) a maximum First Lien Leverage Ratio covenant, which will be tested quarterly beginning with the fiscal quarter ending September 30, 2021. The Amendment also modifies the definition of Consolidated EBITDA to remove certain add-backs As of December 31, 2019, the credit facility consisted of a term loan facility with a remaining balance of $239.0 million and a revolving credit facility with an outstanding balance of $11.0 million and a maximum commitment of $20.0 million. The term loan facility and revolving credit facility carried interest, based on LIBOR, at 5.8% as of December 31, 2019. 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, 2020, the maximum amount of undiscounted payments the Company and its applicable subsidiaries would have been required to make in the event of default was $258.0 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, as amended by the Amendment, 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. The Company projects that it will be in compliance with all applicable financial covenants, as amended, for the next twelve months. On November 14, 2019, the Company acquired a majority interest in an esports team and issued a promissory note for $16.5 million to the seller (the “Promissory Note”). The Promissory Note had a remaining balance of $13.5 million as of December 31, 2019. On June 30, 2020, the Company entered into an amendment to the Promissory Note (as amended, the “Amended Promissory Note”) applicable to the remaining balance of $ 10.0 cash-pay payment-in-kind 20-day (including the issuance on July 8, 2020 noted below). On July 8, 2020, the Company issued an initial stock payment of 1,276,596 shares of Class A common stock at a fixed price of $2.35 per share that reduced the principal amount of the Amended Promissory Note by $2.25 million. The shares were issued at $1.99 per share and the $0.3 million difference between the fair value of the shares and the principal reduction was recorded as additional interest expense. As of September 30, 2020, the Amended Promissory Note had a balance of $7.75 million. The aggregate scheduled principal repayments of the credit facility and Amended Promissory Note for the remainder of 2020 and the next three years are as follows: 2020 $ 2,250,000 2021 750,000 2022 21,250,000 2023 241,500,000 Total $ 265,750,000

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Stockholders' Equity	(5) Stockholders’ Equity The changes in stockholders’ equity for the three and nine months ended September 30, 2019 and 2020 are as follows: Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Beginning balance $ 279,217,346 $ 257,061,115 $ 275,034,091 $ 284,471,958 Change in accounting principle — — (935,916 ) — Issuance of common stock — 2,540,425 1,172,625 2,540,425 Stock-based compensation 602,508 228,968 1,734,698 694,671 Purchase of treasury stock (5,588 ) (2,493 ) (36,672 ) (34,412 ) Net income (loss) 3,043,899 (2,724,774 ) 8,666,163 (29,838,734 ) Cash dividends (1,389,273 ) — (4,166,097 ) (1,398,321 ) Noncontrolling interest created in consolidation — — — 667,654 Ending balance $ 281,468,892 $ 257,103,241 $ 281,468,892 $ 257,103,241

Revenue

Revenue	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	(6) Revenue Revenue is comprised of the following: Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Commercial advertising $ 57,312,548 $ 42,168,479 $ 164,470,136 $ 114,014,198 Digital advertising 4,908,072 4,994,487 13,162,700 14,344,768 Other 3,894,081 2,486,693 11,828,167 9,324,251 $ 66,114,701 $ 49,649,659 $ 189,461,003 $ 137,683,217 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 $ 3,639,077 $ 4,875,467 Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Losses on receivables $ 107,224 $ 965,864 $ 465,620 $ 2,054,342 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 $ 1,691,295 $ 1,131,332 Trade sales payable 2,180,783 974,333 Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Trade sales revenue $ 2,005,613 $ 1,211,223 $ 6,513,855 $ 3,755,119 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 esports, 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, 2020
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 July 1, 2020 589,334 $ 4.27 Granted 15,000 1.52 Vested — — Forfeited (1,000 ) 10.83 Unvested as of September 30, 2020 603,334 $ 4.19 A summary of restricted stock activity is presented below: Shares Weighted- Grant-Date Unvested as of July 1, 2020 27,000 $ 5.00 Granted — — Vested (7,500 ) 4.90 Forfeited (2,000 ) 7.00 Unvested as of September 30, 2020 17,500 $ 4.81 As of September 30, 2020, there was $1.7 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 2.6 years.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	(8) Income Taxes The Company’s effective tax rate was 35% and (27)% for the three months ended September 30, 2019 and 2020, respectively, and 33% and (24)% for the nine months ended September 30, 2019 and 2020, 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.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	(9) Earnings Per Share The following table presents the computation of net income (loss) attributable to BBGI stockholders per Class A and B common share: Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Basic income (loss) per share Numerator Net income (loss) $ 3,043,899 $ (2,385,398 ) $ 8,666,163 $ (28,956,920 ) Denominator Basic weighted shares outstanding 27,781,412 29,154,148 27,706,759 28,362,512 Net income (loss) per share — $ 0.11 $ (0.08 ) $ 0.31 $ (1.02 ) Diluted income (loss) per share Numerator Net income (loss) $ 3,043,899 $ (2,385,398 ) $ 8,666,163 $ (28,956,920 ) Denominator Basic weighted shares outstanding 27,781,412 29,154,148 27,706,759 28,362,512 Effect of restricted stock and restricted stock units 101,062 — 121,557 — Diluted weighted shares outstanding 27,882,474 29,154,148 27,828,316 28,362,512 Net income (loss) per share — $ 0.11 $ (0.08 ) $ 0.31 $ (1.02 ) The Company excluded the effect of restrictive stock and restricted stock units

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	(10) Related Party Transactions As a condition to entering into the Amendment, George Beasley, the Company’s Chairman, provided a $5.0 million loan to the Company that accrues payment-in-kind

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2020
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-term nature of these financial instruments. The carrying amount of the Company’s long-term debt, including the term loan facility and the revolving credit facility as of September 30, 2020, was $265.7 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, 2019 was $263.5 million, which approximated fair value based on current market interest rates.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2020
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

FCC Licenses (Tables)

FCC Licenses (Tables)	9 Months Ended
	Sep. 30, 2020
Text Block [Abstract]
Carrying Amount of Broadcasting Licenses	Changes in the carrying amount of Federal Communications Commission (“FCC”) licenses for the nine months ended September 30, 2020 are as follows: Balance as of January 1, 2020 $ 517,529,167 Impairment losses (6,804,412 ) Balance as of September 30, 2020 $ 510,724,755
Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates (14.1)% - 7.9% Market revenue shares at maturity 0.6% - 39.0% Operating income margins at maturity 26.5% - 35.4% Discount rate 9.5% The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates 0.5% - 18.8% Market revenue shares at maturity 0.6% - 44.4% Operating income margins at maturity 19.5% - 33.3% Discount rate 9.0%

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, September 30, Credit facility—term loan facilit y $ 239,000,000 $ 238,000,000 Credit facility—revolving credit facilit y 11,000,000 20,000,000 Promissory note 13,500,000 7,750,000 263,500,000 265,750,000 Less unamortized debt issuance costs (7,287,548 ) (5,628,288 ) 256,212,452 260,121,712 Less current installments (7,500,000 ) (2,750,000 ) $ 248,712,452 $ 257,371,712
Scheduled Repayments of Credit Facility	The aggregate scheduled principal repayments of the credit facility and Amended Promissory Note for the remainder of 2020 and the next three years are as follows: 2020 $ 2,250,000 2021 750,000 2022 21,250,000 2023 241,500,000 Total $ 265,750,000

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Schedule of Changes in Stockholders Equity	The changes in stockholders’ equity for the three and nine months ended September 30, 2019 and 2020 are as follows: Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Beginning balance $ 279,217,346 $ 257,061,115 $ 275,034,091 $ 284,471,958 Change in accounting principle — — (935,916 ) — Issuance of common stock — 2,540,425 1,172,625 2,540,425 Stock-based compensation 602,508 228,968 1,734,698 694,671 Purchase of treasury stock (5,588 ) (2,493 ) (36,672 ) (34,412 ) Net income (loss) 3,043,899 (2,724,774 ) 8,666,163 (29,838,734 ) Cash dividends (1,389,273 ) — (4,166,097 ) (1,398,321 ) Noncontrolling interest created in consolidation — — — 667,654 Ending balance $ 281,468,892 $ 257,103,241 $ 281,468,892 $ 257,103,241

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Revenue is comprised of the following: Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Commercial advertising $ 57,312,548 $ 42,168,479 $ 164,470,136 $ 114,014,198 Digital advertising 4,908,072 4,994,487 13,162,700 14,344,768 Other 3,894,081 2,486,693 11,828,167 9,324,251 $ 66,114,701 $ 49,649,659 $ 189,461,003 $ 137,683,217
Deferred Revenue	December 31, September 30, Deferred revenue $ 3,639,077 $ 4,875,467 Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Losses on receivables $ 107,224 $ 965,864 $ 465,620 $ 2,054,342
Trade Sale Revenue	December 31, September 30, Trade sales receivable $ 1,691,295 $ 1,131,332 Trade sales payable 2,180,783 974,333 Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Trade sales revenue $ 2,005,613 $ 1,211,223 $ 6,513,855 $ 3,755,119

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2020 589,334 $ 4.27 Granted 15,000 1.52 Vested — — Forfeited (1,000 ) 10.83 Unvested as of September 30, 2020 603,334 $ 4.19 A summary of restricted stock activity is presented below: Shares Weighted- Grant-Date Unvested as of July 1, 2020 27,000 $ 5.00 Granted — — Vested (7,500 ) 4.90 Forfeited (2,000 ) 7.00 Unvested as of September 30, 2020 17,500 $ 4.81

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Net Income Per Share	The following table presents the computation of net income (loss) attributable to BBGI stockholders per Class A and B common share: Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Basic income (loss) per share Numerator Net income (loss) $ 3,043,899 $ (2,385,398 ) $ 8,666,163 $ (28,956,920 ) Denominator Basic weighted shares outstanding 27,781,412 29,154,148 27,706,759 28,362,512 Net income (loss) per share — $ 0.11 $ (0.08 ) $ 0.31 $ (1.02 ) Diluted income (loss) per share Numerator Net income (loss) $ 3,043,899 $ (2,385,398 ) $ 8,666,163 $ (28,956,920 ) Denominator Basic weighted shares outstanding 27,781,412 29,154,148 27,706,759 28,362,512 Effect of restricted stock and restricted stock units 101,062 — 121,557 — Diluted weighted shares outstanding 27,882,474 29,154,148 27,828,316 28,362,512 Net income (loss) per share — $ 0.11 $ (0.08 ) $ 0.31 $ (1.02 )

Interim Financial Statements -

Interim Financial Statements - Additional Information (Detail)	Sep. 30, 2020
OutlawsXP Inc [Member]
Equity method investment, ownership percentage	90.00%
Renegades Holdings, Inc. [Member]
Equity method investment, ownership percentage	51.00%

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail) - USD ($)	Aug. 31, 2019	Mar. 28, 2019	Mar. 15, 2019	Mar. 31, 2019	Sep. 30, 2019	May 05, 2020
Business Acquisition [Line Items]
Gain on sale of assets					$ 3,545,755
Asset purchase agreement, cash purchase price					13,500,000
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
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Land [Member]
Business Acquisition [Line Items]
Non current assets disposal consideration receivable						$ 4,700,000
WXTU-FM [Member]
Business Acquisition [Line Items]
Asset purchase agreement, cash purchase price	$ 13.5
Business acquisition partially financed by borrowings	10
Business acquisition partially funded in cash	3.5
Business acquisition,transaction expenses	$ 0.2

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule of Purchase Price Allocation (Detail)	Sep. 30, 2020USD ($)
Business Acquisition [Line Items]
Property and equipment	$ 432,588
FCC licenses	12,891,117
Other intangibles	176,295
Net assets acquired	$ 13,500,000

FCC Licenses - Carrying Amount

FCC Licenses - Carrying Amount of Broadcasting Licenses (Detail)	9 Months Ended
	Sep. 30, 2020USD ($)
FCC Licenses [Line Items]
Beginning Balance	$ 517,529,167
Impairment losses	(6,804,412)
Ending Balance	$ 510,724,755

FCC Licenses - Discounted Cash

FCC Licenses - Discounted Cash Flow Analyses (Detail) - CBS Radio Stations Inc Entercom Boston LLC and The Entercom Divestiture Trust [Member]	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020
Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	9.00%	9.50%
Minimum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	0.60%	0.60%
Operating income margins at maturity	19.50%	26.50%
Minimum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	0.50%	(14.10%)
Maximum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	44.40%	39.00%
Operating income margins at maturity	33.30%	35.40%
Maximum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	18.80%	7.90%

FCC Licenses - Additional Infor

FCC Licenses - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Sep. 30, 2020
FCC Licenses [Line Items]
Impairment losses		$ 6,804,412
Atlanta GA and Wet Palm Beach [Member] | Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment losses	$ 6,800,000

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Total debt	$ 265,750,000	$ 263,500,000
Less unamortized debt issuance costs	(5,628,288)	(7,287,548)
Long-term debt	260,121,712	256,212,452
Less current installments	(2,750,000)	(7,500,000)
Long-term debt, net of current portion	257,371,712	248,712,452
Term Loan [Member]
Line of Credit Facility [Line Items]
Total debt	238,000,000	239,000,000
Revolving Credit Loan [Member]
Line of Credit Facility [Line Items]
Total debt	20,000,000	11,000,000
Long-term debt	20,000,000
Promissory Note [Member]
Line of Credit Facility [Line Items]
Total debt	$ 7,750,000	$ 13,500,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)	Dec. 31, 2020USD ($)	Jul. 08, 2020USD ($)$ / sharesshares	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2021$ / sharesshares	Dec. 31, 2019USD ($)	Nov. 14, 2019USD ($)
Line of Credit Facility [Line Items]
Long-term debt					$ 265,750,000		$ 263,500,000
Remaining commitments under the revolving credit loan facility					$ 0
Credit facility interest rate margins					2.00%
Revolving credit outstanding balance					$ 260,121,712		256,212,452
Gain loss on modification of debt				$ 2,800,000
Class A Common Stock [Member]
Line of Credit Facility [Line Items]
Stocks issued | shares		1,276,596
Stocks issued, per share value | $ / shares		$ 2.35
Share price | $ / shares		$ 1.99
Class A Common Stock [Member] | Interest Expense [Member]
Line of Credit Facility [Line Items]
Premium on redemption of debt		$ 300,000
Class A Common Stock [Member] | Principal [Member]
Line of Credit Facility [Line Items]
Redemption in principal payment		$ 2,250,000
Subsequent Event [Member]
Line of Credit Facility [Line Items]
Stocks issued | shares						3,191,489
Stocks issued, per share value | $ / shares						$ 2.35
Reduction in principal, percent						50.00%
Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt					$ 238,000,000		239,000,000
Revolving credit loan and term loan carried interest					5.25%
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					$ 20,000,000		11,000,000
Revolving credit facility maximum commitment					$ 20,000,000		$ 20,000,000
Revolving credit loan and term loan carried interest					4.40%		5.80%
Revolving credit outstanding balance					$ 20,000,000
Promissory Note [Member]
Line of Credit Facility [Line Items]
Long-term debt					7,750,000		$ 13,500,000
Promissory Note [Member] | E Sports Team [Member]
Line of Credit Facility [Line Items]
Debt instrument face value								$ 16,500,000
New Promissory Note [Member]
Line of Credit Facility [Line Items]
Revolving credit outstanding balance					7,750,000
New Promissory Note [Member] | Subsequent Event [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins	10.00%
Credit facility interest rate margins, quarterly	5.00%
Debt instrument principal payment, cash	$ 2,250,000
Existing Credit Agreement [Member]
Line of Credit Facility [Line Items]
Long-term debt					$ 258,000,000
New Credit Agreement [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins					4.25%
New Credit Agreement [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins					3.25%
Amended Credit Facility Two Thousand and Twenty One [Member]
Line of Credit Facility [Line Items]
Increase in the applicable interest rate			0.25%
Long-term debt covenants aggregate leverage ratio			4.5
Amended Credit Facility Two Thousand and Twenty One [Member] | Credit Agreement not Refinanced [Member]
Line of Credit Facility [Line Items]
Increase in the applicable interest rate			0.25%
Amended Credit Facility Two Thousand and Twenty One [Member] | Leverage Ratio Greater than 3.5 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow			50.00%	50.00%
Amended Credit Facility Two Thousand and Twenty One [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%	25.00%
Amended Credit Facility Two Thousand and Twenty One [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%	0.00%
Amended Credit Facility Two Thousand and Twenty One [Member] | Leverage Ratio Greater than 4.5 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow			75.00%	75.00%
Amended Credit Facility Two Thousand and Twenty One [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Fees in percentage terms on the revolving credit facility			3.00%
Long-term debt covenants aggregate leverage ratio			5
Amended Credit Facility Two Thousand and Twenty One [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Fees in percentage terms on the revolving credit facility			1.50%
Liquidity amount to be maintained			$ 8,500,000	$ 8,500,000

Long-Term Debt - Scheduled Repa

Long-Term Debt - Scheduled Repayments of Credit Facility (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
2020	$ 2,250,000
2021	750,000
2022	21,250,000
2023	241,500,000
Total	$ 265,750,000	$ 263,500,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Stockholders Equity (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Beginning balance	$ 257,061,115	$ 279,217,346	$ 284,471,958	$ 275,034,091
Issuance of common stock	2,540,425		2,540,425	1,172,625
Stock-based compensation	228,968	602,508	694,671	1,734,698
Purchase of treasury stock	(2,493)	(5,588)	(34,412)	(36,672)
Net income (loss)	(2,724,774)	3,043,899	(29,838,734)	8,666,163
Cash dividends		(1,389,273)	(1,398,321)	(4,166,097)
Noncontrolling interest created in consolidation			667,654
Ending balance	$ 257,103,241	$ 281,468,892	$ 257,103,241	281,468,892
Change in accounting principle [Member]
Beginning balance				$ (935,916)

Revenue - Composition of Revenu

Revenue - Composition of Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Net revenue	$ 49,649,659	$ 66,114,701	$ 137,683,217	$ 189,461,003
Commercial Advertising [Member]
Disaggregation of Revenue [Line Items]
Net revenue	42,168,479	57,312,548	114,014,198	164,470,136
Digital Advertising [Member]
Disaggregation of Revenue [Line Items]
Net revenue	4,994,487	4,908,072	14,344,768	13,162,700
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 2,486,693	$ 3,894,081	$ 9,324,251	$ 11,828,167

Revenue - Deferred Revenue (Det

Revenue - Deferred Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 4,875,467		$ 4,875,467		$ 3,639,077
Losses on receivables	$ 965,864	$ 107,224	$ 2,054,342	$ 465,620

Revenue - Trade Sale Revenue (D

Revenue - Trade Sale Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 1,131,332		$ 1,131,332		$ 1,691,295
Trade sales payable	974,333		974,333		$ 2,180,783
Trade sales revenue	$ 1,211,223	$ 2,005,613	$ 3,755,119	$ 6,513,855

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock units granted | $	$ 1.7
Cost expected to be recognized over a weighted-average period	2 years 7 months 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, 2020$ / sharesshares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	589,334
Granted, Shares | shares	15,000
Vested, Shares | shares
Forfeited, Shares | shares	(1,000)
Unvested Shares, Ending Balance | shares	603,334
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 4.27
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	1.52
Vested, Weighted-Average Grant-Date Fair Value | $ / shares
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	10.83
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 4.19
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	27,000
Vested, Shares | shares	(7,500)
Forfeited, Shares | shares	(2,000)
Unvested Shares, Ending Balance | shares	17,500
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 5
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	4.90
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	7
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 4.81

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Federal statutory rate			21.00%
Effective tax rate	(27.00%)	35.00%	(24.00%)	33.00%

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Net Income Per Share (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Basic income (loss) per share
Net income (loss) attributable to BBGI stockholders	$ (2,385,398)	$ 3,043,899	$ (28,956,920)	$ 8,666,163
Basic weighted shares outstanding	29,154,148	27,781,412	28,362,512	27,706,759
Net income (loss) per share—basic	$ (0.08)	$ 0.11	$ (1.02)	$ 0.31
Diluted income (loss) per share
Net income (loss) attributable to BBGI stockholders	$ (2,385,398)	$ 3,043,899	$ (28,956,920)	$ 8,666,163
Basic weighted shares outstanding	29,154,148	27,781,412	28,362,512	27,706,759
Effect of restricted stock and restricted stock units under the treasury stock method		101,062		121,557
Diluted weighted shares outstanding	29,154,148	27,882,474	28,362,512	27,828,316
Net income (loss) per share—diluted	$ (0.08)	$ 0.11	$ (1.02)	$ 0.31

Earnings Per Share - Additional

Earnings Per Share - Additional information (Detail) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Share-based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of earnings per share	44,490	70,245

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Payment in Kind (PIK) Note [Member] | Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Debt instrument face value	$ 5
Long term debt stated interest rate	6.00%
Long term debt maturity	December 2023
Mr Beasley and GGB Family Limited [Member]
Related Party Transaction [Line Items]
Debt instrument face value	$ 5

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 265,750,000	$ 263,500,000