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Segment Data | 3 Months Ended
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Mar. 31, 2016
Segment Data | NOTE 8 – SEGMENT DATA The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM, 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 iHM segment provides media and entertainment services via broad cast and digital delivery and also includes the Company’s events and national syndication business es. The Americas outdoor advertising segment consists of operations pri marily in the United States, Canada and Latin America. The International outdoor adv ertising segment primarily incl udes operations in Europe, Asia and Australia. The Other category includes the Com pany’s media representation business as well as other general support services and init i atives that are ancillary to the Company’s other busi nesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions for each of the Company’s reportable segments, as well as overall executive, administrative and support f unctions. Share-based payments are recorded in corporate expense.
During the first quarter of 2016, the Company revised its segment reporting as discussed in Note 1. The following table presents the Company's reportable segment results for the three months ended March 31, 2016 and 2015:
(In thousands) | iHM |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Three Months Ended March 31, 2016
Revenue | $ | 738,886 |  | $ | 282,528 |  | $ | 308,193 |  | $ | 34,183 |  | $ | - |  | $ | (285) |  | $ | 1,363,505
Direct operating expenses |  | 224,062 |  |  | 138,012 |  |  | 205,682 |  |  | 615 |  |  | - |  |  | - |  |  | 568,371
Selling, general and administrative expenses |  | 272,013 |  |  | 55,329 |  |  | 71,472 |  |  | 27,039 |  |  | - |  |  | (285) |  |  | 425,568
Depreciation and amortization |  | 58,817 |  |  | 46,116 |  |  | 37,880 |  |  | 3,616 |  |  | 9,027 |  |  | - |  |  | 155,456
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 77,879 |  |  | - |  |  | 77,879
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 284,463 |  |  | - |  |  | 284,463
Operating income (loss) | $ | 183,994 |  | $ | 43,071 |  | $ | (6,841) |  | $ | 2,913 |  | $ | 197,557 |  | $ | - |  | $ | 420,694
Intersegment revenues | $ | - |  | $ | 285 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 285
Capital expenditures | $ | 8,790 |  | $ | 11,292 |  | $ | 34,913 |  | $ | 65 |  | $ | 1,719 |  | $ | - |  | $ | 56,779
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 3,094 |  | $ | - |  | $ | 3,094
Three Months Ended March 31, 2015
Revenue | $ | 697,801 |  | $ | 295,863 |  | $ | 319,180 |  | $ | 32,821 |  | $ | - |  | $ | (1,101) |  | $ | 1,344,564
Direct operating expenses |  | 213,829 |  |  | 146,234 |  |  | 216,737 |  |  | 892 |  |  | - |  |  | - |  |  | 577,692
Selling, general and administrative expenses |  | 261,080 |  |  | 55,637 |  |  | 71,493 |  |  | 29,772 |  |  | - |  |  | (1,101) |  |  | 416,881
Depreciation and amortization |  | 60,735 |  |  | 50,340 |  |  | 42,441 |  |  | 6,323 |  |  | 10,614 |  |  | - |  |  | 170,453
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 77,422 |  |  | - |  |  | 77,422
Other operating expense, net |  | - |  |  | - |  |  | - |  |  | - |  |  | (8,974) |  |  | - |  |  | (8,974)
Operating income (loss) | $ | 162,157 |  | $ | 43,652 |  | $ | (11,491) |  | $ | (4,166) |  | $ | (97,010) |  | $ | - |  | $ | 93,142
Intersegment revenues | $ | - |  | $ | 1,101 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 1,101
Capital expenditures | $ | 12,818 |  | $ | 16,695 |  | $ | 25,105 |  | $ | 146 |  | $ | 1,691 |  | $ | - |  | $ | 56,455
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 2,524 |  | $ | - |  | $ | 2,524

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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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