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Segment Data | 6 Months Ended
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Jun. 30, 2012
Segment Data [Abstract] |
Segment Data | NOTE 9 – SEGMENT DATA The Company's reportable segments, which it believes best reflect how the Company is currently managed, are CCME, Americas outdoor advertising and International outdoor advertising. Revenue and expenses earned and charged between segments are recorded at fair value and eliminated in consolidation. The CCME segment provides media and entertainment services via broadcast and digital delivery and also includes the Company's national syndication business. The Americas outdoor advertising segment consists of operations primarily in the United States and Canada. The International outdoor advertising segment primarily includes operations in Europe, Asia and Latin America. The Americas outdoor and International outdoor display inventory consists primarily of billboards, street furniture displays and transit displays. The Other category includes the Com pany's media representation business as well as other general support services and initiatives which are ancillary to the Company's other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions of each of the Company's operating segments, as well as overall executive, administrative and support functions. Share-based payments are recorded by each segment in direct operating and selling, general and administrative expenses. During the first quarter of 2012, the Company revised its segment reporting, as discussed in Note 1. The following table presents the Company's reportable segment results for the three and six months ended June 30, 2012 and 2011.
(In thousands) |  | CCME |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Three Months Ended June 30, 2012
Revenue | $ | 793,039 | $ | 320,678 | $ | 440,648 | $ | 64,144 | $ | - | $ | (16,015) | $ | 1,602,494
Direct operating expenses |  | 196,348 |  | 143,185 |  | 263,710 |  | 5,787 |  | - |  | (1,935) |  | 607,095
Selling, general and administrative expenses |  | 243,157 |  | 44,699 |  | 87,586 |  | 36,761 |  | - |  | (14,080) |  | 398,123
Depreciation and amortization |  | 67,923 |  | 48,567 |  | 50,710 |  | 11,355 |  | 3,284 |  | - |  | 181,839
Corporate expenses |  | - |  | - |  | - |  | - |  | 71,158 |  | - |  | 71,158
Other operating income - net |  | - |  | - |  | - |  | - |  | 1,917 |  | - |  | 1,917
Operating income (loss) | $ | 285,611 | $ | 84,227 | $ | 38,642 | $ | 10,241 | $ | (72,525) | $ | - | $ | 346,196
Intersegment revenues | $ | - | $ | - | $ | - | $ | 16,015 | $ | - | $ | - | $ | 16,015
Capital expenditures | $ | 16,674 | $ | 33,780 | $ | 39,247 | $ | 6,617 | $ | 5,327 | $ | - | $ | 101,645
Share-based compensation expense | $ | 1,202 | $ | 1,240 | $ | 874 | $ | - | $ | 2,499 | $ | - | $ | 5,815
Three Months Ended June 30, 2011
Revenue | $ | 771,744 | $ | 318,217 | $ | 470,991 | $ | 59,172 | $ | - | $ | (15,738) | $ | 1,604,386
Direct operating expenses |  | 211,368 |  | 141,010 |  | 274,462 |  | 6,984 |  | - |  | (3,809) |  | 630,015
Selling, general and administrative expenses |  | 252,581 |  | 49,035 |  | 93,902 |  | 36,847 |  | - |  | (11,929) |  | 420,436
Depreciation and amortization |  | 69,033 |  | 50,322 |  | 55,278 |  | 12,809 |  | 2,199 |  | - |  | 189,641
Corporate expenses |  | - |  | - |  | - |  | - |  | 56,486 |  | - |  | 56,486
Other operating income - net |  | - |  | - |  | - |  | - |  | 3,229 |  | - |  | 3,229
Operating income (loss) | $ | 238,762 | $ | 77,850 | $ | 47,349 | $ | 2,532 | $ | (55,456) | $ | - | $ | 311,037
Intersegment revenues | $ | - | $ | 745 | $ | - | $ | 14,993 | $ | - | $ | - | $ | 15,738
Capital expenditures | $ | 10,424 | $ | 34,562 | $ | 23,979 | $ | 1,004 | $ | 6,514 | $ | - | $ | 76,483
Share-based compensation expense | $ | 882 | $ | 1,674 | $ | 701 | $ | - | $ | 2,481 | $ | - | $ | 5,738
Six Months Ended June 30, 2012
Revenue | $ | 1,464,549 | $ | 600,829 | $ | 811,780 | $ | 115,842 | $ | - | $ | (29,783) | $ | 2,963,217
Direct operating expenses |  | 412,727 |  | 287,595 |  | 513,353 |  | 12,326 |  | - |  | (4,472) |  | 1,221,529
Selling, general and administrative expenses |  | 484,130 |  | 97,278 |  | 188,156 |  | 77,498 |  | - |  | (25,311) |  | 821,751
Depreciation and amortization |  | 134,979 |  | 91,525 |  | 99,745 |  | 24,208 |  | 6,748 |  | - |  | 357,205
Corporate expenses |  | - |  | - |  | - |  | - |  | 140,356 |  | - |  | 140,356
Other operating income - net |  | - |  | - |  | - |  | - |  | 5,041 |  | - |  | 5,041
Operating income (loss) | $ | 432,713 | $ | 124,431 | $ | 10,526 | $ | 1,810 | $ | (142,063) | $ | - | $ | 427,417
Intersegment revenues | $ | - | $ | 770 | $ | - | $ | 29,013 | $ | - | $ | - | $ | 29,783
Capital expenditures | $ | 26,826 | $ | 59,116 | $ | 66,909 | $ | 9,005 | $ | 12,436 | $ | - | $ | 174,292
Share-based compensation expense | $ | 2,416 | $ | 3,172 | $ | 2,083 | $ | - | $ | 5,041 | $ | - | $ | 12,712
(In thousands) |  | CCME |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Six Months Ended June 30, 2011
Revenue | $ | 1,404,709 | $ | 587,918 | $ | 851,504 | $ | 110,435 | $ | - | $ | (29,354) | $ | 2,925,212
Direct operating expenses |  | 400,613 |  | 276,960 |  | 529,892 |  | 14,169 |  | - |  | (7,550) |  | 1,214,084
Selling, general and administrative expenses |  | 474,713 |  | 98,593 |  | 167,524 |  | 74,120 |  | - |  | (21,804) |  | 793,146
Depreciation and amortization |  | 133,489 |  | 98,944 |  | 108,986 |  | 26,094 |  | 5,839 |  | - |  | 373,352
Corporate expenses |  | - |  | - |  | - |  | - |  | 108,833 |  | - |  | 108,833
Other operating income - net |  | - |  | - |  | - |  | - |  | 19,943 |  | - |  | 19,943
Operating income (loss) | $ | 395,894 | $ | 113,421 | $ | 45,102 | $ | (3,948) | $ | (94,729) | $ | - | $ | 455,740
Intersegment revenues | $ | - | $ | 1,688 | $ | - | $ | 27,666 | $ | - | $ | - | $ | 29,354
Capital expenditures | $ | 23,663 | $ | 65,477 | $ | 39,102 | $ | 3,126 | $ | 9,084 | $ | - | $ | 140,452
Share-based compensation expense | $ | 2,436 | $ | 3,842 | $ | 1,604 | $ | - | $ | 147 | $ | - | $ | 8,029

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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 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: 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=6534315&loc=d3e8538-108599 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=6534315&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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: 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=6534315&loc=d3e8864-108599 Reference 6: 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=6534315&loc=d3e8380-108599 Reference 7: 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=6534315&loc=d3e8984-108599 Reference 8: 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=6534315&loc=d3e9038-108599 Reference 9: 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=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: 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=6534315&loc=d3e8906-108599 Reference 12: 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=6534315&loc=d3e8844-108599 Reference 13: 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=6534315&loc=d3e9031-108599 Reference 14: 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=6534315&loc=d3e9054-108599 Reference 15: 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=6534315&loc=d3e8924-108599 + Details
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