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Segment Information | 6 Months Ended
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Jun. 30, 2015
Segment Reporting [Abstract] |
Segment Information | Segment Information The following tables set forth our financial performance by segment. We manage our operations through two segments—U.S. and International.
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in millions) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Revenues: |  |  |  |  |  |  |  |
U.S. |  | $ | 346.1 |  |  | $ | 291.1 |  |  | $ | 660.0 |  |  | $ | 546.1 |
International |  | 38.6 |  |  | 43.3 |  |  | 68.6 |  |  | 76.2 |
Total revenues |  | $ | 384.7 |  |  | $ | 334.4 |  |  | $ | 728.6 |  |  | $ | 622.3 |
We present Operating income (loss) before Depreciation, Amortization, Net (gain) loss on dispositions, Stock-based compensation and Restructuring charges (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments in accordance with FASB guidance for segment reporting.
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in millions) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Net income |  | $ | 22.2 |  |  | $ | 22.4 |  |  | $ | 23.3 |  |  | $ | 30.8 |
Provision for income taxes |  | 4.5 |  |  | 17.6 |  |  | 3.1 |  |  | 23.5 |
Equity in earnings of investee companies, net of tax |  | (1.1 | ) |  | (0.2 | ) |  | (1.9 | ) |  | (0.8 | )
Interest expense, net |  | 28.9 |  |  | 18.5 |  |  | 56.7 |  |  | 31.0 |
Other expense, net |  | 0.1 |  |  | — |  |  | — |  |  | 0.5 |
Operating income |  | 54.6 |  |  | 58.3 |  |  | 81.2 |  |  | 85.0 |
Restructuring charges |  | 2.0 |  |  | — |  |  | 2.6 |  |  | — |
Net (gain) loss on dispositions |  | 0.9 |  |  | — |  |  | 0.6 |  |  | (0.9 | )
Depreciation and amortization |  | 57.2 |  |  | 49.1 |  |  | 113.7 |  |  | 97.1 |
Stock-based compensation(a) |  | 4.4 |  |  | 2.9 |  |  | 8.0 |  |  | 4.7 |
Total Adjusted OIBDA |  | $ | 119.1 |  |  | $ | 110.3 |  |  | $ | 206.1 |  |  | $ | 185.9 |
Adjusted OIBDA: |  |  |  |  |  |  |  |
U.S. |  | $ | 121.0 |  |  | $ | 106.4 |  |  | $ | 215.4 |  |  | $ | 186.7 |
International |  | 7.5 |  |  | 9.5 |  |  | 7.6 |  |  | 10.6 |
Corporate |  | (9.4 | ) |  | (5.6 | ) |  | (16.9 | ) |  | (11.4 | )
Total Adjusted OIBDA |  | $ | 119.1 |  |  | $ | 110.3 |  |  | $ | 206.1 |  |  | $ | 185.9 |
(a) | Stock-based compensation is classified as Corporate expenses.
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in millions) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Operating income (loss): |  |  |  |  |  |  |  |
U.S. |  | $ | 67.1 |  |  | $ | 64.2 |  |  | $ | 111.0 |  |  | $ | 104.2 |
International |  | 1.3 |  |  | 2.6 |  |  | (4.9 | ) |  | (3.1 | )
Corporate |  | (13.8 | ) |  | (8.5 | ) |  | (24.9 | ) |  | (16.1 | )
Total operating income |  | $ | 54.6 |  |  | $ | 58.3 |  |  | $ | 81.2 |  |  | $ | 85.0 |
Net (gain) loss on dispositions: |  |  |  |  |  |  |  |
U.S. |  | $ | 0.9 |  |  | $ | — |  |  | $ | 0.5 |  |  | $ | (0.8 | )
International |  | — |  |  | — |  |  | 0.1 |  |  | (0.1 | )
Total (gain) loss on dispositions |  | $ | 0.9 |  |  | $ | — |  |  | $ | 0.6 |  |  | $ | (0.9 | )
Depreciation and amortization: |  |  |  |  |  |  |  |
U.S. |  | $ | 51.0 |  |  | $ | 42.2 |  |  | $ | 101.3 |  |  | $ | 83.3 |
International |  | 6.2 |  |  | 6.9 |  |  | 12.4 |  |  | 13.8 |
Total depreciation and amortization |  | $ | 57.2 |  |  | $ | 49.1 |  |  | $ | 113.7 |  |  | $ | 97.1 |
Capital expenditures: |  |  |  |  |  |  |  |
U.S. |  | $ | 13.6 |  |  | $ | 12.3 |  |  | $ | 25.7 |  |  | $ | 24.5 |
International |  | 1.0 |  |  | 1.3 |  |  | 2.0 |  |  | 4.8 |
Total capital expenditures |  | $ | 14.6 |  |  | $ | 13.6 |  |  | $ | 27.7 |  |  | $ | 29.3 |
|  | As of
(in millions) |  | June 30, 2015 |  | December 31, 2014
Assets: |  |  |  |
U.S. |  | $ | 3,707.3 |  |  | $ | 3,704.2 |
International |  | 266.4 |  |  | 270.4 |
Corporate |  | 55.6 |  |  | 49.0 |
Total assets |  | $ | 4,029.3 |  |  | $ | 4,023.6 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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