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Segment Data | 3 Months Ended
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Mar. 31, 2014
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 estimated 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 incl udes operations in Europe, Asia, Australia 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 reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expenses. The following table presents the Company's reportable segment results for the three months ended March 31, 2014 and 2013.
(In thousands) | CCME |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Three Months Ended March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue | $ | 670,347 |  | $ | 268,756 |  | $ | 366,495 |  | $ | 51,462 |  | $ | - |  | $ | (14,512) |  | $ | 1,342,548
Direct operating expenses |  | 210,754 |  |  | 133,288 |  |  | 248,225 |  |  | 6,388 |  |  | - |  |  | (2,159) |  |  | 596,496
Selling, general and administrative expenses |  | 259,155 |  |  | 51,111 |  |  | 81,838 |  |  | 36,077 |  |  | - |  |  | (12,353) |  |  | 415,828
Depreciation and amortization |  | 62,571 |  |  | 47,599 |  |  | 50,444 |  |  | 8,719 |  |  | 5,538 |  |  | - |  |  | 174,871
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 72,705 |  |  | - |  |  | 72,705
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 165 |  |  | - |  |  | 165
Operating income (loss) | $ | 137,867 |  | $ | 36,758 |  | $ | (14,012) |  | $ | 278 |  | $ | (78,078) |  | $ | - |  | $ | 82,813
Intersegment revenues | $ | - |  | $ | 976 |  | $ | - |  | $ | 13,536 |  | $ | - |  | $ | - |  | $ | 14,512
Capital expenditures | $ | 10,292 |  | $ | 12,220 |  | $ | 25,086 |  | $ | 1,807 |  | $ | 18,003 |  | $ | - |  | $ | 67,408
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 3,036 |  | $ | - |  | $ | 3,036
Three Months Ended March 31, 2013
Revenue | $ | 656,566 |  | $ | 286,461 |  | $ | 363,749 |  | $ | 49,219 |  | $ | - |  | $ | (12,937) |  | $ | 1,343,058
Direct operating expenses |  | 204,268 |  |  | 136,891 |  |  | 249,300 |  |  | 6,494 |  |  | - |  |  | (2,136) |  |  | 594,817
Selling, general and administrative expenses |  | 239,142 |  |  | 54,372 |  |  | 85,189 |  |  | 35,461 |  |  | - |  |  | (10,801) |  |  | 403,363
Depreciation and amortization |  | 67,832 |  |  | 48,685 |  |  | 50,993 |  |  | 9,982 |  |  | 4,690 |  |  | - |  |  | 182,182
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 83,763 |  |  | - |  |  | 83,763
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 2,395 |  |  | - |  |  | 2,395
Operating income (loss) | $ | 145,324 |  | $ | 46,513 |  | $ | (21,733) |  | $ | (2,718) |  | $ | (86,058) |  | $ | - |  | $ | 81,328
Intersegment revenues | $ | - |  | $ | 83 |  | $ | - |  | $ | 12,854 |  | $ | - |  | $ | - |  | $ | 12,937
Capital expenditures | $ | 14,244 |  | $ | 12,895 |  | $ | 25,908 |  | $ | 2,103 |  | $ | 6,470 |  | $ | - |  | $ | 61,620
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 5,517 |  | $ | - |  | $ | 5,517

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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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: 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 3: 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 4: 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 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=6534315&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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 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 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 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=6534315&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 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: 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 13: 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 14: 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 + Details
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