XML 20 R29.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Summary financial information concerning the Company’s operating segments is shown in the following tables:

Three Months Ended June 30, 2012

(thousands of United States dollars)

		Strategic Marketing Services				Performance Marketing Services				Corporate				Total

Revenue		$	183,750			$	90,352			$	—			$	274,102

Cost of services sold			122,285				66,644				—				188,929

Office and general expenses			39,557				17,713				16,975				74,245

Depreciation and amortization			8,828				4,488				329				13,645

Operating Profit/(Loss)			13,080				1,507				(17,304	)			(2,717	)

Other Income (Expense):
Other income, net															214
Interest expense, net															(11,809	)

Loss from continuing operations before income taxes, equity in affiliates															(14,312	)
Income tax expense															2,544

Loss from continuing operations before equity in affiliates															(16,856	)
Equity in earnings of non-consolidated affiliates															34

Loss from continuing operations															(16,822	)

Loss from discontinuing operations attributable to MDC Partners Inc., net of taxes															(1,687	)

Net loss															(18,509	)

Net income attributable to the noncontrolling interests			(1,353	)			(252	)			—				(1,605	)
Net loss attributable to MDC Partners Inc.														$	(20,114	)

Non cash stock based compensation		$	1,967			$	1,887			$	11,499			$	15,353

Supplemental Segment Information:

Capital expenditures		$	2,447			$	1,905			$	87			$	4,439

Three Months Ended June 30, 2011

(thousands of United States dollars)

		Strategic Marketing Services				Performance Marketing Services				Corporate				Total

Revenue		$	154,957			$	83,063			$	—			$	238,020

Cost of services sold			99,099				61,979				—				161,078

Office and general expenses			27,625				14,280				10,603				52,508

Depreciation and amortization			5,182				4,270				117				9,569

Operating Profit/(Loss)			23,051				2,534				(10,720	)			14,865

Other Income (Expense):
Other income, net															448
Interest expense, net															(10,633	)

Income from continuing operations before income taxes, equity in affiliates															4,680
Income tax expense															588

Income from continuing operations before equity in affiliates															4,092
Equity in earnings of non-consolidated affiliates															79

Income from continuing operations															4,171

Loss from discontinuing operations attributable to MDC Partners Inc., net of taxes															(321	)

Net income															3,850

Net income attributable to the noncontrolling interests			(2,335	)			(192	)			—				(2,527	)
Net income attributable to MDC Partners Inc.														$	1,323

Non cash stock based compensation		$	176			$	478			$	5,121			$	5,775

Supplemental Segment Information:

Capital expenditures		$	2,620			$	789			$	32			$	3,441

Six Months Ended June 30, 2012

(thousands of United States dollars)

		Strategic Marketing Services				Performance Marketing Services				Corporate				Total

Revenue		$	343,846			$	165,912			$	—			$	509,758

Cost of services sold			241,838				124,051				—				365,889

Office and general expenses			74,197				35,174				24,908				134,279

Depreciation and amortization			13,925				9,042				677				23,644

Operating Profit/(Loss)			13,886				(2,355	)			(25,585	)			(14,054	)

Other Income (Expense):
Other income, net															(809	)
Interest expense, net															(22,756	)

Loss from continuing operations before income taxes, equity in affiliates															(37,619	)
Income tax expense															3,807

Loss from continuing operations before equity in affiliates															(41,426	)
Equity in earnings of non-consolidated affiliates															306

Loss from continuing operations															(41,120	)
Loss from discontinued operations attributable to MDC Partners Inc., net of taxes															(2,240	)
Net loss															(43,360	)

Net income attributable to the noncontrolling interests			(2,453	)			(582	)			—				(3,035	)
Net loss attributable to MDC Partners Inc.														$	(46,395	)

Non cash stock based compensation		$	3,833			$	3,578			$	13,826			$	21,237

Supplemental Segment Information:

Capital expenditures		$	5,134			$	4,229			$	187			$	9,550

Goodwill and intangibles		$	543,134			$	258,868			$	—			$	802,002

Total Assets		$	835,564			$	429,899			$	127,974			$	1,393,437

Six Months Ended June 30, 2011

(thousands of United States dollars)

		Strategic Marketing Services				Performance Marketing Services				Corporate				Total

Revenue		$	296,450			$	156,661			$	—			$	453,111

Cost of services sold			199,660				118,971				—				318,631

Office and general expenses			54,778				24,845				17,309				96,932

Depreciation and amortization			10,989				8,662				221				19,872

Operating Profit/(Loss)			31,023				4,183				(17,530	)			17,676

Other Income (Expense):
Other income, net															762
Interest expense, net															(20,159	)

Loss from continuing operations before income taxes, equity in affiliates															(1,721	)
Income tax expense															946

Loss from continuing operations before equity in affiliates															(2,667	)
Equity in earnings of non-consolidated affiliates															334

Loss from continuing operations															(2,333	)
Loss from discontinuing operations attributable to MDC Partners Inc., net of taxes															(895	)
Net loss															(3,228	)

Net income attributable to the noncontrolling interests			(3,978	)			(154	)			—				(4,132	)
Net loss attributable to MDC Partners Inc.														$	(7,360	)

Non cash stock based compensation		$	1,723			$	983			$	7,343			$	10,049

Supplemental Segment Information:

Capital expenditures		$	6,353			$	1,721			$	230			$	8,304

Goodwill and intangibles		$	390,835			$	215,826			$	—			$	606,661

Total assets		$	578,419			$	332,092			$	42,408			$	952,919

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

A summary of the Company’s revenue by geographic area, based on the location in which the services originated, is set forth in the following table:

		United States				Canada				Other				Total
Revenue
Three Months Ended June 30,
2012		$	223,514			$	38,284			$	12,304			$	274,102
2011		$	189,213			$	40,330			$	8,477			$	238,020
Six Months Ended June 30,
2012		$	411,379			$	74,722			$	23,657			$	509,758
2011		$	361,122			$	75,469			$	16,520			$	453,111

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details