SEC Info - Entravision Communications Corp - ‘10-K’ for 12/31/14

Entravision Communications Corp – ‘10-K’ for 12/31/14 – ‘R21’

On: Friday, 3/6/15, at 4:06pm ET · For: 12/31/14 · Accession #: 1564590-15-1390 · File #: 1-15997

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/06/15 Entravision Communications Corp 10-K 12/31/14 100:18M ActiveDisclosure/FA

Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 1.36M 2: EX-10.30 Material Contract HTML 37K 3: EX-10.31 Material Contract HTML 37K 4: EX-21.1 Subsidiaries List HTML 29K 5: EX-23.1 Consent of Experts or Counsel HTML 28K 6: EX-23.2 Consent of Experts or Counsel HTML 28K 7: EX-31.1 Certification -- §302 - SOA'02 HTML 35K 8: EX-31.2 Certification -- §302 - SOA'02 HTML 35K 9: EX-32 Certification -- §906 - SOA'02 HTML 31K 69: R1 Document and Entity Information HTML 67K 56: R2 Consolidated Balance Sheets HTML 136K 67: R3 Consolidated Balance Sheets (Parenthetical) HTML 82K 73: R4 Consolidated Statements of Operations HTML 107K 92: R5 Consolidated Statements of Operations HTML 54K (Parenthetical) 58: R6 Consolidated Statements of Comprehensive Income HTML 47K 66: R7 Consolidated Statements of Stockholders' Equity HTML 104K (Deficit) 51: R8 Consolidated Statements of Cash Flows HTML 133K 41: R9 Nature of Business HTML 35K 93: R10 Summary of Significant Accounting Policies HTML 179K 75: R11 Acquisitions HTML 47K 74: R12 Goodwill and Other Intangible Assets HTML 154K 80: R13 Property and Equipment HTML 74K 81: R14 Accounts Payable and Accrued Expenses HTML 67K 78: R15 Long-Term Debt HTML 113K 82: R16 Derivative Instruments HTML 42K 68: R17 Fair Value Measurements HTML 74K 70: R18 Income Taxes HTML 165K 77: R19 Commitments and Contingencies HTML 48K 100: R20 Stockholders' Equity HTML 43K 88: R21 Equity Incentive Plans HTML 191K 62: R22 Related-Party Transactions HTML 93K 76: R23 Accumulated Other Comprehensive Income (Loss) HTML 50K 64: R24 Litigation HTML 30K 32: R25 Segment Data HTML 367K 89: R26 Quarterly Results of Operations HTML 87K 96: R27 Schedule II - Consolidated Valuation and HTML 83K Qualifying Accounts 46: R28 Summary of Significant Accounting Policies HTML 249K (Policies) 45: R29 Summary of Significant Accounting Policies HTML 128K (Tables) 49: R30 Acquisitions (Tables) HTML 40K 50: R31 Goodwill and Other Intangible Assets (Tables) HTML 141K 52: R32 Property and Equipment (Tables) HTML 74K 24: R33 Accounts Payable and Accrued Expenses (Tables) HTML 66K 86: R34 Long-Term Debt (Tables) HTML 68K 60: R35 Fair Value Measurements (Tables) HTML 72K 63: R36 Income Taxes (Tables) HTML 163K 36: R37 Commitments and Contingencies (Tables) HTML 42K 99: R38 Equity Incentive Plans (Tables) HTML 188K 16: R39 Related-Party Transactions (Tables) HTML 84K 53: R40 Accumulated Other Comprehensive Income (Loss) HTML 46K (Tables) 91: R41 Segment Data (Tables) HTML 361K 34: R42 Quarterly Results of Operations (Tables) HTML 86K 44: R43 Nature of Business - Additional Information HTML 41K (Detail) 48: R44 Summary of Significant Accounting Policies - HTML 79K Additional Information (Detail) 57: R45 Summary of Significant Accounting Policies - HTML 79K Reconciliation of Basic and Diluted Income (Loss) Per Share (Detail) 23: R46 Acquisitions - Additional Information (Detail) HTML 71K 40: R47 Acquisitions - Acquisitions - Summary of Purchase HTML 54K Price Allocation for Company's Acquisition of Pulpo Media, Inc (Detail) 18: R48 Goodwill and Other Intangible Assets - Carrying HTML 47K Amount of Goodwill (Detail) 90: R49 Goodwill and Other Intangible Assets - Composition HTML 66K of Company's Acquired Intangible Assets and Associated Accumulated Amortization (Detail) 33: R50 Goodwill and Other Intangible Assets - Additional HTML 44K Information (Detail) 87: R51 Goodwill and Other Intangible Assets - Estimated HTML 41K Amortization Expense (Detail) 37: R52 Property and Equipment - Property and Equipment HTML 72K (Detail) 54: R53 Accounts Payable and Accrued Expenses - Accounts HTML 74K Payable and Accrued Expenses (Detail) 17: R54 Accounts Payable and Accrued Expenses - Additional HTML 30K Information (Detail) 21: R55 Long-Term Debt - Long-Term Debt (Detail) HTML 41K 47: R56 Long-Term Debt - Scheduled Maturities of Long-Term HTML 51K Debt (Detail) 27: R57 Long-Term Debt - Additional Information (Detail) HTML 104K 94: R58 Long-Term Debt - 2012 Credit Facility - Additional HTML 48K Information (Detail) 59: R59 Long-Term Debt - 2013 Credit Facility - Additional HTML 117K Information (Detail) 79: R60 Long-Term Debt - Margin for Revolving Loans HTML 43K (Detail) 39: R61 Derivative Instruments - Additional Information HTML 57K (Detail) 42: R62 Fair Value Measurements - Fair Value of Assets and HTML 51K Liabilities on Recurring Basis (Detail) 85: R63 Income Taxes - Provision (Benefit) for Income HTML 64K Taxes (Detail) 83: R64 Income Taxes - Additional Information (Detail) HTML 73K 61: R65 Income Taxes - Schedule of Effective Income Tax HTML 53K Rate (Detail) 84: R66 Income Taxes - Components of Deferred Tax Assets HTML 79K and Liabilities (Detail) 38: R67 Income Taxes - Unrecognized Tax Benefits (Detail) HTML 32K 65: R68 Commitments and Contingencies - Additional HTML 56K Information (Detail) 95: R69 Commitments and Contingencies - Future Minimum HTML 50K Lease Payments under These Non-cancelable Operating Leases (Detail) 20: R70 Stockholders' Equity - Additional Information HTML 63K (Detail) 31: R71 Equity Incentive Plans - Additional Information HTML 76K (Detail) 55: R72 Equity Incentive Plans - Fair Value of Each Stock HTML 46K Option Granted Weighted-Average Assumptions (Detail) 26: R73 Equity Incentive Plans - Summary of Stock Option HTML 94K Activity (Detail) 98: R74 Equity Incentive Plans - Summary of Nonvested HTML 62K Restricted Stock and Restricted Stock Units Activity (Detail) 35: R75 Related-Party Transactions - Additional HTML 44K Information (Detail) 28: R76 Related-Party Transactions - Summary of HTML 75K Related-Party Balances with Univision and Other Related Parties (Detail) 30: R77 Accumulated Other Comprehensive Income (Loss) - HTML 43K Summary of Components of AOCI (Detail) 22: R78 Segment Data - Additional Information (Detail) HTML 35K 25: R79 Segment Data - Separate Financial Data for Each of HTML 151K Company's Operating Segment (Detail) 72: R80 Quarterly Results of Operations - Summary of HTML 56K Quarterly Results of Operations (Detail) 29: R81 Schedule II - Consolidated Valuation and HTML 53K Qualifying Accounts (Detail) 97: XML IDEA XML File -- Filing Summary XML 165K 19: EXCEL IDEA Workbook of Financial Reports XLSX 228K 43: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 3.04M 10: EX-101.INS XBRL Instance -- evc-20141231 XML 3.70M 12: EX-101.CAL XBRL Calculations -- evc-20141231_cal XML 198K 13: EX-101.DEF XBRL Definitions -- evc-20141231_def XML 640K 14: EX-101.LAB XBRL Labels -- evc-20141231_lab XML 1.41M 15: EX-101.PRE XBRL Presentations -- evc-20141231_pre XML 1.10M 11: EX-101.SCH XBRL Schema -- evc-20141231 XSD 224K 71: ZIP XBRL Zipped Folder -- 0001564590-15-001390-xbrl Zip 210K

13. EQUITY INCENTIVE PLANS

In May 2004, the Company adopted its 2004 Equity Incentive Plan (“2004 Plan”), which replaced its 2000 Omnibus Equity Incentive Plan (“2000 Plan”). The 2000 Plan had allowed for the award of up to 11,500,000 shares of Class A common stock. The 2004 Plan allows for the award of up to 10,000,000 shares of Class A common stock, plus any grants remaining available at its adoption date under the 2000 Plan. Awards under the 2004 Plan may be in the form of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock or restricted stock units. The 2004 Plan is administered by a committee appointed by the Board. This committee determines the type, number, vesting requirements and other features and conditions of such awards. Generally, stock options granted from the 2000 Plan have a contractual term of ten years from the date of the grant and vest over four or five years and stock options granted from the 2004 Plan have a contractual term of ten years from the date of the grant and vest over four years.

The 2004 Plan was amended by the Compensation Committee effective July 13, 2006 to (i) eliminate automatic option grants for non-employee directors, making any grants to such directors discretionary by the Compensation Committee and (ii) eliminate the three-year minimum vesting period for performance-based restricted stock and restricted stock units, making the vesting period for such grants discretionary by the Compensation Committee.

The Company has issued stock options and restricted stock units to various employees and non-employee directors of the Company in addition to non-employee service providers under both the 2004 Plan and the 2000 Plan.

Stock Options

The fair value of each stock option is estimated on the date of grant using the Black-Scholes option pricing model that uses the assumptions noted in the following table. Stock-based compensation expense related to stock options is based on the fair value on the date of grant and is amortized over the vesting period, generally between 1 to 3 years. Expected volatilities are based on historical volatility of the Company’s stock. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of stock options granted is based on historical contractual life and the vesting data of the stock options. The risk-free rate for periods within the contractual life of the stock option is based on the U.S. Treasury yield curve in effect at the time of grant.

The fair value of each stock option granted was estimated using the following weighted-average assumptions:

	Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,
	2014			2013			2012
Fair value of options granted	$	3.26		$	1.69		$	1.26
Expected volatility		117	%		91	%		89	%
Risk-free interest rate		2.0	%		1.3	%		1.5	%
Expected lives		6.1 years			7.0 years			7.0 years
Dividend rate		2.3%			—			—

The following is a summary of stock option activity: (in thousands, except exercise price data and contractual life data):

						Weighted-
				Weighted-		Average
	Number			Average		Remaining		Aggregate
	of			Exercise		Contractual		Intrinsic
Options	Shares			Price		Life (Years)		Value
Outstanding at December 31, 2011		7,205		$	6.68
Granted		2,592		$	1.64
Exercised		(50	)		0.46			$	45
Forfeited or cancelled		(1,540	)		9.72
Outstanding at December 31, 2012		8,207		$	4.55
Granted		2,815		$	2.18
Exercised		(1,683	)		1.67			$	4,965
Forfeited or cancelled		(1,622	)		5.70
Outstanding at December 31, 2013		7,717		$	4.05			$	22,023
Granted		350		$	4.4
Exercised		(1,042	)		1.77			$	5,036
Forfeited or cancelled		(1,470	)		8.53
Outstanding at December 31, 2014		5,555		$	3.33		6.12	$	19,015
Vested and Exercisable at December 31, 2014		2,594		$	4.69		3.91	$	6,157
Vested and Expected to Vest at December 31, 2014		3,546		$	2.24		8.01	$	15,046

Stock-based compensation expense related to the Company’s employee stock option plans was $2.3 million, $4.4 million and $1.6 million for the years ended December 31, 2014, 2013 and 2012, respectively.

As of December 31, 2014, there was approximately $1.9 million of total unrecognized compensation expense related to the Company’s employee stock option plans that is expected to be recognized over a weighted-average period of 1.7 years.

Restricted Stock and Restricted Stock Units

The following is a summary of nonvested restricted stock and restricted stock units activity: (in thousands, except grant date fair value data):

				Weighted-
	Number			Average
	of			Grant Date
	Shares			Fair Value
Nonvested balance at December 31, 2011		1,910		$	2.81
Vested		(840	)		3.37
Forfeited or cancelled		(55	)		1.97
Nonvested balance at December 31, 2012		1,015		$	2.43
Vested		(487	)		2.16
Forfeited or cancelled		(34	)		1.78
Nonvested balance at December 31, 2013		494		$	2.73
Granted		1,181			4.51
Vested		(489	)		3.38
Forfeited or cancelled		(17	)		2.53
Nonvested balance at December 31, 2014		1,169		$	4.15

Stock-based compensation expense related to grants of restricted stock and restricted stock units was $2.1 million, $0.4 million and $1.0 million for the years ended December 31, 2014, 2013 and 2012, respectively.

As of December 31, 2014, there was approximately $2.9 million of total unrecognized compensation expense related to grants of restricted stock and restricted stock units that is expected to be recognized over a weighted-average period of 1.9 years.

The fair value of shares vested related to grants of restricted stock and restricted stock units was $1.6 million, $0.8 million, and $1.3 million for the years ended December 31, 2014, 2013 and 2012, respectively.

This ‘10-K’ Filing

Date

Other Filings

Filed on:

3/6/15

For Period end:

12/31/14

12/31/13

12/31/12

12/31/11

7/13/06

List all Filings

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/16/22 Entravision Communications Corp. 10-K 12/31/21 109:23M Donnelley … Solutions/FA 8/02/21 Entravision Communications Corp. S-8 8/02/21 4:170K ActiveDisclosure/FA 4/12/21 Entravision Communications Corp. 10-K 12/31/20 108:20M ActiveDisclosure/FA

Entravision Communications Corp – ‘10-K’ for 12/31/14 – ‘R21’

On: Friday, 3/6/15, at 4:06pm ET · For: 12/31/14 · Accession #: 1564590-15-1390 · File #: 1-15997

Previous ‘10-K’: ‘10-K’ on 3/10/14 for 12/31/13 · Next: ‘10-K’ on 3/9/16 for 12/31/15 · Latest: ‘10-K’ on 3/14/24 for 12/31/23 · 3 References:

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R21’ — Equity Incentive Plans

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

3 Subsequent Filings that Reference this Filing

Entravision Communications Corp – ‘10-K’ for 12/31/14 – ‘R21’

On: Friday, 3/6/15, at 4:06pm ET · For: 12/31/14 · Accession #: 1564590-15-1390 · File #: 1-15997

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R21’ — Equity Incentive Plans

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

3 Subsequent Filings that Reference this Filing

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents