XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenue: |
Integrated Networks - Group A | $ | 82,735 |  |  | $ | 103,248 |  |  | $ | 173,356 |  |  | $ | 176,987 |
Integrated Networks - Group B | 93,398 |  |  | 133,394 |  |  | 211,105 |  |  | 266,565 |
Media & Data Network | 28,551 |  |  | 39,456 |  |  | 69,609 |  |  | 82,688 |
All Other | 54,994 |  |  | 86,032 |  |  | 133,350 |  |  | 164,681 |
Total | $ | 259,678 |  |  | $ | 362,130 |  |  | $ | 587,420 |  |  | $ | 690,921 |
Adjusted EBITDA: |  |  |  |  |  |  |
Integrated Networks - Group A | $ | 17,205 |  |  | $ | 18,241 |  |  | $ | 33,507 |  |  | $ | 19,156 |
Integrated Networks - Group B | 16,387 |  |  | 24,848 |  |  | 33,523 |  |  | 43,128 |
Media & Data Network | 892 |  |  | 1,004 |  |  | 2,679 |  |  | 1,036 |
All Other | 6,885 |  |  | 10,937 |  |  | 16,790 |  |  | 17,737 |
Corporate | (5,208 | ) |  | (8,593 | ) |  | (10,770 | ) |  | (13,146 | )
Total Adjusted EBITDA | $ | 36,161 |  |  | $ | 46,437 |  |  | $ | 75,729 |  |  | $ | 67,911 |
Depreciation and amortization | $ | (8,899 | ) |  | $ | (10,663 | ) |  | $ | (18,105 | ) |  | $ | (19,501 | )
Impairment and other losses | (18,839 | ) |  | — |  |  | (19,000 | ) |  | — |
Stock-based compensation | (1,039 | ) |  | (3,634 | ) |  | (4,109 | ) |  | (6,606 | )
Deferred acquisition consideration adjustments | (2,312 | ) |  | (2,073 | ) |  | 2,288 |  |  | 5,570 |
Distributions from non-consolidated affiliates | (1,079 | ) |  | (31 | ) |  | (1,065 | ) |  | (31 | )
Other items, net | (3,895 | ) |  | (6,594 | ) |  | (6,311 | ) |  | (8,220 | )
Total Operating Income | $ | 98 |  |  | $ | 23,442 |  |  | $ | 29,427 |  |  | $ | 39,123 |
Other Income (Expenses): |  |  |  |  |  |  |
Interest expense and finance charges, net | $ | (15,941 | ) |  | $ | (16,413 | ) |  | $ | (31,553 | ) |  | $ | (33,174 | )
Foreign exchange gain (loss) | 5,342 |  |  | 2,932 |  |  | (9,415 | ) |  | 8,374 |
Other, net | 5,884 |  |  | (746 | ) |  | 22,218 |  |  | (4,128 | )
Income (loss) before income taxes and equity in earnings of non-consolidated affiliates | (4,617 | ) |  | 9,215 |  |  | 10,677 |  |  | 10,195 |
Income tax expense (benefit) | (7,923 | ) |  | 2,088 |  |  | 5,577 |  |  | 2,835 |
Income before equity in earnings of non-consolidated affiliates | 3,306 |  |  | 7,127 |  |  | 5,100 |  |  | 7,360 |
Equity in earnings (losses) of non-consolidated affiliates | (798 | ) |  | 206 |  |  | (798 | ) |  | 289 |
Net income | 2,508 |  |  | 7,333 |  |  | 4,302 |  |  | 7,649 |
Net income attributable to the noncontrolling interest | (3,101 | ) |  | (3,043 | ) |  | (3,892 | ) |  | (3,472 | )
Net income (loss) attributable to MDC Partners Inc. | (593 | ) |  | 4,290 |  |  | 410 |  |  | 4,177 |
Accretion on and net income allocated to convertible preference shares | (3,509 | ) |  | (3,515 | ) |  | (6,949 | ) |  | (5,625 | )
Net income (loss) attributable to MDC Partners Inc. common shareholders | $ | (4,102 | ) |  | $ | 775 |  |  | $ | (6,539 | ) |  | $ | (1,448 | )
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Depreciation and amortization: | (Dollars in Thousands)
Integrated Networks - Group A | $ | 1,566 |  |  | $ | 2,348 |  |  | $ | 3,307 |  |  | $ | 4,289 |
Integrated Networks - Group B | 4,387 |  |  | 4,318 |  |  | 8,913 |  |  | 8,092 |
Media & Data Network | 807 |  |  | 1,335 |  |  | 1,615 |  |  | 2,328 |
All Other | 1,903 |  |  | 2,441 |  |  | 3,802 |  |  | 4,354 |
Corporate | 236 |  |  | 221 |  |  | 468 |  |  | 438 |
Total | $ | 8,899 |  |  | $ | 10,663 |  |  | $ | 18,105 |  |  | $ | 19,501 |
Stock-based compensation: |  |  |  |  |  |  |
Integrated Networks - Group A | $ | (105 | ) |  | $ | 639 |  |  | $ | 1,856 |  |  | $ | 4,234 |
Integrated Networks - Group B | 746 |  |  | 1,627 |  |  | 1,646 |  |  | 2,491 |
Media & Data Network | 4 |  |  | 6 |  |  | (9 | ) |  | 6 |
All Other | 118 |  |  | 170 |  |  | 198 |  |  | 256 |
Corporate | 276 |  |  | 1,192 |  |  | 418 |  |  | (381 | )
Total | $ | 1,039 |  |  | $ | 3,634 |  |  | $ | 4,109 |  |  | $ | 6,606 |
Capital expenditures: |  |  |  |  |  |  |
Integrated Networks - Group A | $ | 208 |  |  | $ | 2,157 |  |  | $ | 566 |  |  | $ | 4,038 |
Integrated Networks - Group B | (272 | ) |  | 1,013 |  |  | 205 |  |  | 2,181 |
Media & Data Network | 111 |  |  | 206 |  |  | 197 |  |  | 344 |
All Other | 134 |  |  | 923 |  |  | 457 |  |  | 1,341 |
Corporate | 1,963 |  |  | 18 |  |  | 2,265 |  |  | 19 |
Total | $ | 2,144 |  |  | $ | 4,317 |  |  | $ | 3,690 |  |  | $ | 7,923 |

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration