Delaware
|
0-25969
|
52-1166660
|
||
(State or Other Jurisdiction
of Incorporation)
|
(Commission File No.)
|
(IRS Employer
Identification No.)
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Class
|
Trading Symbol
|
Name of Exchange on which Registered
|
Class A Common Stock, $.001 Par Value
|
UONE
|
NASDAQ Capital Market
|
Class D Common Stock, $.001 Par Value
|
UONEK
|
NASDAQ Capital Market
|
|
|||
Exhibit Number
|
Description
|
||
|
|||
99.1
|
Press release dated August 05, 2021 Urban One, Inc. Reports Second Quarter Results.
|
RESULTS OF OPERATIONS
|
||||||||||||||||
Three Months Ended June 30,
|
Six Months Ended June 30,
|
|||||||||||||||
2021
|
2020
|
2021
|
2020
|
|||||||||||||
STATEMENT OF OPERATIONS | (unaudited) | (unaudited) | ||||||||||||||
(in thousands, except share data)
|
(in thousands, except share data)
|
|||||||||||||||
NET REVENUE
|
$
|
107,593
|
$
|
76,008
|
$
|
199,033
|
$
|
170,883
|
||||||||
OPERATING EXPENSES
|
||||||||||||||||
Programming and technical, excluding stock-based compensation
|
26,513
|
23,620
|
51,603
|
51,482
|
||||||||||||
Selling, general and administrative, excluding stock-based compensation
|
31,510
|
22,216
|
61,466
|
51,593
|
||||||||||||
Corporate selling, general and administrative, excluding stock-based compensation
|
9,153
|
7,140
|
19,273
|
15,472
|
||||||||||||
Stock-based compensation
|
172
|
268
|
425
|
661
|
||||||||||||
Depreciation and amortization
|
2,325
|
2,382
|
4,589
|
4,930
|
||||||||||||
Impairment of long-lived assets
|
-
|
-
|
-
|
53,650
|
||||||||||||
Total operating expenses
|
69,673
|
55,626
|
137,356
|
177,788
|
||||||||||||
Operating income (loss)
|
37,920
|
20,382
|
61,677
|
(6,905
|
)
|
|||||||||||
INTEREST INCOME
|
168
|
26
|
172
|
34
|
||||||||||||
INTEREST EXPENSE
|
15,853
|
18,395
|
33,898
|
37,533
|
||||||||||||
LOSS ON RETIREMENT OF DEBT
|
-
|
-
|
6,949
|
-
|
||||||||||||
OTHER INCOME, net
|
(2,362
|
)
|
(94
|
)
|
(4,046
|
)
|
(1,598
|
)
|
||||||||
Income (loss) before provision for (benefit from) income taxes and noncontrolling interest in income of subsidiaries
|
24,597
|
2,107
|
25,048
|
(42,806
|
)
|
|||||||||||
PROVISION FOR (BENEFIT FROM) INCOME TAXES
|
6,119
|
465
|
6,109
|
(21,390
|
)
|
|||||||||||
CONSOLIDATED NET INCOME (LOSS)
|
18,478
|
1,642
|
18,939
|
(21,416
|
)
|
|||||||||||
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
|
612
|
222
|
1,066
|
351
|
||||||||||||
CONSOLIDATED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
$
|
17,866
|
$
|
1,420
|
$
|
17,873
|
$
|
(21,767
|
)
|
|||||||
AMOUNTS ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
||||||||||||||||
CONSOLIDATED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
$
|
17,866
|
$
|
1,420
|
$
|
17,873
|
$
|
(21,767
|
)
|
|||||||
Weighted average shares outstanding - basic3
|
49,789,892
|
44,806,219
|
49,124,056
|
45,025,471
|
||||||||||||
Weighted average shares outstanding - diluted4
|
53,780,918
|
48,154,262
|
53,186,619
|
45,025,471
|
Three Months Ended June 30,
|
Six Months Ended June 30,
|
|||||||||||||||
2021
|
2020
|
2021
|
2020
|
|||||||||||||
PER SHARE DATA - basic and diluted:
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
||||||||||||
(in thousands, except per share data)
|
(in thousands, except per share data)
|
|||||||||||||||
Consolidated net income (loss) attributable to common stockholders (basic)
|
$
|
0.36
|
$
|
0.03
|
$
|
0.36
|
$
|
(0.48
|
)
|
|||||||
Consolidated net income (loss) attributable to common stockholders (diluted)
|
$
|
0.33
|
$
|
0.03
|
$
|
0.34
|
$
|
(0.48
|
)
|
|||||||
SELECTED OTHER DATA
|
||||||||||||||||
Broadcast and digital operating income 1
|
$
|
49,570
|
$
|
30,172
|
$
|
85,964
|
$
|
67,808
|
||||||||
Broadcast and digital operating income margin (% of net revenue)
|
46.1
|
%
|
39.7
|
%
|
43.2
|
%
|
39.7
|
%
|
||||||||
Broadcast and digital operating income reconciliation:
|
||||||||||||||||
Consolidated net income (loss) attributable to common stockholders
|
$
|
17,866
|
$
|
1,420
|
$
|
17,873
|
$
|
(21,767
|
)
|
|||||||
Add back non-broadcast and digital operating income items included in consolidated net income (loss):
|
||||||||||||||||
Interest income
|
(168
|
)
|
(26
|
)
|
(172
|
)
|
(34
|
)
|
||||||||
Interest expense
|
15,853
|
18,395
|
33,898
|
37,533
|
||||||||||||
Provision for (benefit from) income taxes
|
6,119
|
465
|
6,109
|
(21,390
|
)
|
|||||||||||
Corporate selling, general and administrative expenses
|
9,153
|
7,140
|
19,273
|
15,472
|
||||||||||||
Stock-based compensation
|
172
|
268
|
425
|
661
|
||||||||||||
Loss on retirement of debt
|
-
|
-
|
6,949
|
-
|
||||||||||||
Other income, net
|
(2,362
|
)
|
(94
|
)
|
(4,046
|
)
|
(1,598
|
)
|
||||||||
Depreciation and amortization
|
2,325
|
2,382
|
4,589
|
4,930
|
||||||||||||
Noncontrolling interest in income of subsidiaries
|
612
|
222
|
1,066
|
351
|
||||||||||||
Impairment of long-lived assets
|
-
|
-
|
-
|
53,650
|
||||||||||||
Broadcast and digital operating income
|
$
|
49,570
|
$
|
30,172
|
$
|
85,964
|
$
|
67,808
|
||||||||
Adjusted EBITDA2
|
$
|
44,765
|
$
|
24,537
|
$
|
75,002
|
$
|
56,797
|
||||||||
Adjusted EBITDA reconciliation:
|
||||||||||||||||
Consolidated net income (loss) attributable to common stockholders
|
$
|
17,866
|
$
|
1,420
|
$
|
17,873
|
$
|
(21,767
|
)
|
|||||||
Interest income
|
(168
|
)
|
(26
|
)
|
(172
|
)
|
(34
|
)
|
||||||||
Interest expense
|
15,853
|
18,395
|
33,898
|
37,533
|
||||||||||||
Provision for (benefit from) income taxes
|
6,119
|
465
|
6,109
|
(21,390
|
)
|
|||||||||||
Depreciation and amortization
|
2,325
|
2,382
|
4,589
|
4,930
|
||||||||||||
EBITDA
|
$
|
41,995
|
$
|
22,636
|
$
|
62,297
|
$
|
(728
|
)
|
|||||||
Stock-based compensation
|
172
|
268
|
425
|
661
|
||||||||||||
Loss on retirement of debt
|
-
|
-
|
6,949
|
-
|
||||||||||||
Other income, net
|
(2,362
|
)
|
(94
|
)
|
(4,046
|
)
|
(1,598
|
)
|
||||||||
Noncontrolling interest in income of subsidiaries
|
612
|
222
|
1,066
|
351
|
||||||||||||
Casino chase costs
|
941
|
-
|
2,334
|
-
|
||||||||||||
Employment Agreement Award, incentive plan award expenses and other compensation
|
911
|
98
|
1,509
|
1,311
|
||||||||||||
Contingent consideration from acquisition
|
240
|
66
|
280
|
(7
|
)
|
|||||||||||
Severance-related costs
|
312
|
1,261
|
573
|
1,587
|
||||||||||||
Cost method investment income from MGM National Harbor
|
1,944
|
80
|
3,615
|
1,570
|
||||||||||||
Impairment of long-lived assets
|
-
|
-
|
-
|
53,650
|
||||||||||||
Adjusted EBITDA
|
$
|
44,765
|
$
|
24,537
|
$
|
75,002
|
$
|
56,797
|
June 30, 2021
|
December 31, 2020
|
||||||
(unaudited)
|
|||||||
(in thousands)
|
|||||||
SELECTED BALANCE SHEET DATA:
|
|||||||
Cash and cash equivalents and restricted cash
|
$
|
129,780
|
$
|
73,858
|
|||
Intangible assets, net
|
782,946
|
764,858
|
|||||
Total assets
|
1,239,542
|
1,195,487
|
|||||
Total debt (including current portion, net of issuance costs)
|
817,774
|
842,286
|
|||||
Total liabilities
|
987,887
|
995,888
|
|||||
Total stockholders' equity
|
236,463
|
186,898
|
|||||
Redeemable noncontrolling interest
|
15,192
|
12,701
|
|||||
June 30, 2021
|
Applicable Interest Rate
|
||||||
(in thousands)
|
|||||||
SELECTED LEVERAGE DATA:
|
|||||||
7.375% senior secured notes due February 2028, net of issuance costs of approximately $14.7 million (fixed rate)
|
$
|
810,269
|
7.375
|
%
|
|||
PPP Loan
|
7,505
|
1.00
|
%
|
|
Three Months Ended June 30,
|
|||||||||||
|
2021 | 2020 |
$ Change
|
% Change
|
||||||||
|
(Unaudited)
|
|||||||||||
|
(in thousands)
|
|||||||||||
Net Revenue:
|
||||||||||||
Radio Advertising
|
$
|
42,605
|
$
|
25,358
|
$
|
17,247
|
68.0
|
%
|
||||
Political Advertising
|
500
|
361
|
139
|
38.5
|
%
|
|||||||
Digital Advertising
|
15,016
|
6,104
|
8,912
|
146.0
|
%
|
|||||||
Cable Television Advertising
|
22,968
|
18,941
|
4,027
|
21.3
|
%
|
|||||||
Cable Television Affiliate Fees
|
25,396
|
24,619
|
777
|
3.2
|
%
|
|||||||
Event Revenues & Other
|
1,108
|
625
|
483
|
77.3
|
%
|
|||||||
Net Revenue (as reported)
|
$
|
107,593
|
$
|
76,008
|
$
|
31,585
|
41.6
|
%
|
Three Months Ended June 30, 2021
|
||||||||||||||||||||||||
(in thousands, unaudited)
|
||||||||||||||||||||||||
Radio
|
Reach
|
Cable
|
Corporate/
|
|||||||||||||||||||||
Consolidated
|
Broadcasting
|
Media
|
Digital
|
Television
|
Eliminations
|
|||||||||||||||||||
STATEMENT OF OPERATIONS:
|
||||||||||||||||||||||||
NET REVENUE
|
$
|
107,593
|
$
|
35,465
|
$
|
9,414
|
$
|
15,129
|
$
|
48,461
|
$
|
(876
|
)
|
|||||||||||
OPERATING EXPENSES:
|
||||||||||||||||||||||||
Programming and technical
|
26,513
|
8,608
|
3,388
|
2,414
|
12,461
|
(358
|
)
|
|||||||||||||||||
Selling, general and administrative
|
31,510
|
13,757
|
2,001
|
6,385
|
9,886
|
(519
|
)
|
|||||||||||||||||
Corporate selling, general and administrative
|
9,153
|
-
|
613
|
1
|
1,187
|
7,352
|
||||||||||||||||||
Stock-based compensation
|
172
|
4
|
-
|
-
|
16
|
152
|
||||||||||||||||||
Depreciation and amortization
|
2,325
|
792
|
53
|
315
|
937
|
228
|
||||||||||||||||||
Total operating expenses
|
69,673
|
23,161
|
6,055
|
9,115
|
24,487
|
6,855
|
||||||||||||||||||
Operating income (loss)
|
37,920
|
12,304
|
3,359
|
6,014
|
23,974
|
(7,731
|
)
|
|||||||||||||||||
INTEREST INCOME
|
168
|
-
|
-
|
-
|
-
|
168
|
||||||||||||||||||
INTEREST EXPENSE
|
15,853
|
43
|
-
|
79
|
1,919
|
13,812
|
||||||||||||||||||
OTHER INCOME, net
|
(2,362
|
)
|
(406
|
)
|
-
|
-
|
-
|
(1,956
|
)
|
|||||||||||||||
Income (loss) before provision for (benefit from) income taxes and noncontrolling interest in income of subsidiaries
|
24,597
|
12,667
|
3,359
|
5,935
|
22,055
|
(19,419
|
)
|
|||||||||||||||||
PROVISION FOR (BENEFIT FROM) INCOME TAXES
|
6,119
|
2,923
|
846
|
-
|
5,568
|
(3,218
|
)
|
|||||||||||||||||
CONSOLIDATED NET INCOME (LOSS)
|
18,478
|
9,744
|
2,513
|
5,935
|
16,487
|
(16,201
|
)
|
|||||||||||||||||
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
|
612
|
-
|
-
|
-
|
-
|
612
|
||||||||||||||||||
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
$
|
17,866
|
$
|
9,744
|
$
|
2,513
|
$
|
5,935
|
$
|
16,487
|
$
|
(16,813
|
)
|
|||||||||||
Adjusted EBITDA2
|
$
|
44,765
|
$
|
13,200
|
$
|
3,462
|
$
|
6,573
|
$
|
25,003
|
$
|
(3,473
|
)
|
Three Months Ended June 30, 2020
|
||||||||||||||||||||||||
(in thousands, unaudited)
|
||||||||||||||||||||||||
Radio
|
Reach
|
Cable
|
Corporate/
|
|||||||||||||||||||||
Consolidated
|
Broadcasting
|
Media
|
Digital
|
Television
|
Eliminations
|
|||||||||||||||||||
STATEMENT OF OPERATIONS:
|
||||||||||||||||||||||||
NET REVENUE
|
$
|
76,008
|
$
|
20,505
|
$
|
6,268
|
$
|
6,104
|
$
|
43,761
|
$
|
(630
|
)
|
|||||||||||
OPERATING EXPENSES:
|
||||||||||||||||||||||||
Programming and technical
|
23,620
|
7,597
|
2,968
|
2,442
|
10,994
|
(381
|
)
|
|||||||||||||||||
Selling, general and administrative
|
22,216
|
12,985
|
1,303
|
3,262
|
4,900
|
(234
|
)
|
|||||||||||||||||
Corporate selling, general and administrative
|
7,140
|
-
|
620
|
19
|
1,059
|
5,442
|
||||||||||||||||||
Stock-based compensation
|
268
|
32
|
50
|
-
|
-
|
186
|
||||||||||||||||||
Depreciation and amortization
|
2,382
|
766
|
60
|
277
|
940
|
339
|
||||||||||||||||||
Total operating expenses
|
55,626
|
21,380
|
5,001
|
6,000
|
17,893
|
5,352
|
||||||||||||||||||
Operating income (loss)
|
20,382
|
(875
|
)
|
1,267
|
104
|
25,868
|
(5,982
|
)
|
||||||||||||||||
INTEREST INCOME
|
26
|
-
|
-
|
-
|
-
|
26
|
||||||||||||||||||
INTEREST EXPENSE
|
18,395
|
-
|
-
|
79
|
1,919
|
16,397
|
||||||||||||||||||
OTHER INCOME, net
|
(94
|
)
|
-
|
-
|
-
|
-
|
(94
|
)
|
||||||||||||||||
Income (loss) before provision for (benefit from) income taxes and noncontrolling interest in income of subsidiaries
|
2,107
|
(875
|
)
|
1,267
|
25
|
23,949
|
(22,259
|
)
|
||||||||||||||||
PROVISION FOR (BENEFIT FROM) INCOME TAXES
|
465
|
(23
|
)
|
391
|
-
|
5,985
|
(5,888
|
)
|
||||||||||||||||
CONSOLIDATED NET INCOME (LOSS)
|
1,642
|
(852
|
)
|
876
|
25
|
17,964
|
(16,371
|
)
|
||||||||||||||||
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
|
222
|
-
|
-
|
-
|
-
|
222
|
||||||||||||||||||
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
$
|
1,420
|
$
|
(852
|
)
|
$
|
876
|
$
|
25
|
$
|
17,964
|
$
|
(16,593
|
)
|
||||||||||
Adjusted EBITDA2
|
$
|
24,537
|
$
|
813
|
$
|
1,577
|
$
|
519
|
$
|
26,871
|
$
|
(5,243
|
)
|
Six Months Ended June 30, 2021
|
||||||||||||||||||||||||
(in thousands, unaudited)
|
||||||||||||||||||||||||
Radio
|
Reach
|
Cable
|
Corporate/
|
|||||||||||||||||||||
Consolidated
|
Broadcasting
|
Media
|
Digital
|
Television
|
Eliminations
|
|||||||||||||||||||
STATEMENT OF OPERATIONS:
|
||||||||||||||||||||||||
NET REVENUE
|
$
|
199,033
|
$
|
63,253
|
$
|
17,230
|
$
|
25,484
|
$
|
94,703
|
$
|
(1,637
|
)
|
|||||||||||
OPERATING EXPENSES:
|
||||||||||||||||||||||||
Programming and technical
|
51,603
|
17,101
|
6,797
|
5,226
|
23,196
|
(717
|
)
|
|||||||||||||||||
Selling, general and administrative
|
61,466
|
28,569
|
3,126
|
11,625
|
19,054
|
(908
|
)
|
|||||||||||||||||
Corporate selling, general and administrative
|
19,273
|
-
|
1,253
|
2
|
2,750
|
15,268
|
||||||||||||||||||
Stock-based compensation
|
425
|
28
|
-
|
-
|
71
|
326
|
||||||||||||||||||
Depreciation and amortization
|
4,589
|
1,522
|
111
|
638
|
1,866
|
452
|
||||||||||||||||||
Total operating expenses
|
137,356
|
47,220
|
11,287
|
17,491
|
46,937
|
14,421
|
||||||||||||||||||
Operating income (loss)
|
61,677
|
16,033
|
5,943
|
7,993
|
47,766
|
(16,058
|
)
|
|||||||||||||||||
INTEREST INCOME
|
172
|
-
|
-
|
-
|
-
|
172
|
||||||||||||||||||
INTEREST EXPENSE
|
33,898
|
87
|
-
|
158
|
3,838
|
29,815
|
||||||||||||||||||
LOSS ON RETIREMENT OF DEBT
|
6,949
|
-
|
-
|
-
|
-
|
6,949
|
||||||||||||||||||
OTHER INCOME, net
|
(4,046
|
)
|
(406
|
)
|
-
|
-
|
-
|
(3,640
|
)
|
|||||||||||||||
Income (loss) before provision for (benefit from) income taxes and noncontrolling interest in income of subsidiaries
|
25,048
|
16,352
|
5,943
|
7,835
|
43,928
|
(49,010
|
)
|
|||||||||||||||||
PROVISION FOR (BENEFIT FROM) INCOME TAXES
|
6,109
|
3,711
|
1,483
|
-
|
10,964
|
(10,049
|
)
|
|||||||||||||||||
CONSOLIDATED NET INCOME (LOSS)
|
18,939
|
12,641
|
4,460
|
7,835
|
32,964
|
(38,961
|
)
|
|||||||||||||||||
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
|
1,066
|
-
|
-
|
-
|
-
|
1,066
|
||||||||||||||||||
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
$
|
17,873
|
$
|
12,641
|
$
|
4,460
|
$
|
7,835
|
$
|
32,964
|
$
|
(40,027
|
)
|
|||||||||||
Adjusted EBITDA2
|
$
|
75,002
|
$
|
17,774
|
$
|
6,140
|
$
|
8,962
|
$
|
49,815
|
$
|
(7,689
|
)
|
Six Months Ended June 30, 2020
|
||||||||||||||||||||||||
(in thousands, unaudited)
|
||||||||||||||||||||||||
Radio
|
Reach
|
Cable
|
Corporate/
|
|||||||||||||||||||||
Consolidated
|
Broadcasting
|
Media
|
Digital
|
Television
|
Eliminations
|
|||||||||||||||||||
STATEMENT OF OPERATIONS:
|
||||||||||||||||||||||||
NET REVENUE
|
$
|
170,883
|
$
|
55,421
|
$
|
12,958
|
$
|
12,393
|
$
|
91,257
|
$
|
(1,146
|
)
|
|||||||||||
OPERATING EXPENSES:
|
||||||||||||||||||||||||
Programming and technical
|
51,482
|
17,478
|
6,385
|
5,562
|
22,820
|
(763
|
)
|
|||||||||||||||||
Selling, general and administrative
|
51,593
|
29,418
|
3,054
|
7,331
|
12,151
|
(361
|
)
|
|||||||||||||||||
Corporate selling, general and administrative
|
15,472
|
-
|
1,338
|
19
|
2,381
|
11,734
|
||||||||||||||||||
Stock-based compensation
|
661
|
110
|
59
|
6
|
-
|
486
|
||||||||||||||||||
Depreciation and amortization
|
4,930
|
1,506
|
119
|
765
|
1,883
|
657
|
||||||||||||||||||
Impairment of long-lived assets
|
53,650
|
53,650
|
-
|
-
|
-
|
-
|
||||||||||||||||||
Total operating expenses
|
177,788
|
102,162
|
10,955
|
13,683
|
39,235
|
11,753
|
||||||||||||||||||
Operating (loss) income
|
(6,905
|
)
|
(46,741
|
)
|
2,003
|
(1,290
|
)
|
52,022
|
(12,899
|
)
|
||||||||||||||
INTEREST INCOME
|
34
|
-
|
-
|
-
|
-
|
34
|
||||||||||||||||||
INTEREST EXPENSE
|
37,533
|
3
|
-
|
158
|
3,838
|
33,534
|
||||||||||||||||||
OTHER INCOME, net
|
(1,598
|
)
|
(1
|
)
|
-
|
-
|
-
|
(1,597
|
)
|
|||||||||||||||
(Loss) income before (benefit from) provision for income taxes and noncontrolling interest in income of subsidiaries
|
(42,806
|
)
|
(46,743
|
)
|
2,003
|
(1,448
|
)
|
48,184
|
(44,802
|
)
|
||||||||||||||
(BENEFIT FROM) PROVISION FOR INCOME TAXES
|
(21,390
|
)
|
(9,872
|
)
|
574
|
-
|
12,040
|
(24,132
|
)
|
|||||||||||||||
CONSOLIDATED NET (LOSS) INCOME
|
(21,416
|
)
|
(36,871
|
)
|
1,429
|
(1,448
|
)
|
36,144
|
(20,670
|
)
|
||||||||||||||
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
|
351
|
-
|
-
|
-
|
-
|
351
|
||||||||||||||||||
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
$
|
(21,767
|
)
|
$
|
(36,871
|
)
|
$
|
1,429
|
$
|
(1,448
|
)
|
$
|
36,144
|
$
|
(21,021
|
)
|
||||||||
Adjusted EBITDA2
|
$
|
56,797
|
$
|
9,564
|
$
|
2,380
|
$
|
(291
|
)
|
$
|
53,974
|
$
|
(8,830
|
)
|