Company: EVC
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034661
Chunk: 242

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 242
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 this measure to assess performance or make decisions to allocate resources. 

20. SUBSEQUENT EVENTThe Company's corporate headquarters and main operational offices for its audio segment were previously located in Santa Monica, California. The Company leased approximately 38,000 square feet of space in the building housing its previous corporate headquarters under a lease that expires January 31, 2034. The Company's management decided to vacate the facility in February 2025 

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and cease making further lease payments. As of December 31, 2024, the Company's consolidated balance sheet included the following amounts related to this lease (in millions):

        Operating leases right of use asset
        $
        16.3

        Property and equipment, net of accumulated depreciation
        $
        9.3

        Operating lease liabilities
        $
        1.5

        Long-term operating lease liabilities
        $
        21.2

ENTRAVISION COMMUNICATIONS CORPORATION 

SCHEDULE II – CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS(In thousands)  

      Description
       
      Balance at Beginning of Period

      Charged / (Credited) to Expense

      Other Adjustments (1)

      Deductions

      Balance at End of Period

      Allowance for doubtful accounts

      Year ended December 31, 2024
       
      $
      2,399

      $
      1,320

      $
      (170
      )
       
      $
      (515
      )
       
      $
      3,034

      Year ended December 31, 2023
       
      $
      2,570

      $
      570

      $
      (1
      )
       
      $
      (740
      )
       
      $
      2,399

      Year ended December 31, 2022
       
      $
      2,939

      $
      833

      $
      (105
      )
       
      $
      (1,097
      )
       
      $
      2,570

     (1)Other adjustments represent recoveries and increases in the allowance for doubtful accounts.

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