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SEGMENT DATA | 9 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
SEGMENT DATA | 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 broadcast and digital delivery and also includes the Company’s events and national syndication businesses. The Americas outdoor advertising segment consists of operations primarily in the United States, Canada and Latin America. The International outdoor advertising segment primarily includes operations in Europe and Asia. The Other category includes the Company’s media representation business as well as other general support services and initiatives that are ancillary to the Company’s other businesses. 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 functions. Share-based payments are recorded in corporate expense. The following table presents the Company's reportable segment results for the three and nine months ended September 30, 2017 and 2016:
(In thousands) | iHM |  | Americas Outdoor |  | International Outdoor |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Three Months Ended September 30, 2017
Revenue | $ | 859,531 |  |  | $ | 316,587 |  |  | $ | 328,502 |  |  | $ | 34,452 |  |  | $ | — |  |  | $ | (1,656 | ) |  | $ | 1,537,416 |
Direct operating expenses | 265,795 |  |  | 141,609 |  |  | 214,491 |  |  | — |  |  | — |  |  | — |  |  | 621,895 |
Selling, general and administrative expenses | 287,676 |  |  | 54,689 |  |  | 73,708 |  |  | 23,298 |  |  | — |  |  | (717 | ) |  | 438,654 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 78,906 |  |  | (939 | ) |  | 77,967 |
Depreciation and amortization | 58,089 |  |  | 47,035 |  |  | 32,886 |  |  | 3,893 |  |  | 7,846 |  |  | — |  |  | 149,749 |
Impairment charges | — |  |  | — |  |  | — |  |  | — |  |  | 7,631 |  |  | — |  |  | 7,631 |
Other operating expense, net | — |  |  | — |  |  | — |  |  | — |  |  | (13,215 | ) |  | — |  |  | (13,215 | )
Operating income (loss) | $ | 247,971 |  |  | $ | 73,254 |  |  | $ | 7,417 |  |  | $ | 7,261 |  |  | $ | (107,598 | ) |  | $ | — |  |  | $ | 228,305 |
Intersegment revenues | $ | — |  |  | $ | 1,656 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,656 |
Capital expenditures | $ | 14,009 |  |  | $ | 5,118 |  |  | $ | 26,211 |  |  | $ | 184 |  |  | $ | 2,802 |  |  | $ | — |  |  | $ | 48,324 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,539 |  |  | $ | — |  |  | $ | 3,539 |
Three Months Ended September 30, 2016
Revenue | $ | 857,099 |  |  | $ | 322,997 |  |  | $ | 346,224 |  |  | $ | 41,414 |  |  | $ | — |  |  | $ | (1,152 | ) |  | $ | 1,566,582 |
Direct operating expenses | 229,668 |  |  | 142,989 |  |  | 219,261 |  |  | (178 | ) |  | — |  |  | — |  |  | 591,740 |
Selling, general and administrative expenses | 268,612 |  |  | 54,500 |  |  | 71,664 |  |  | 27,466 |  |  | — |  |  | (542 | ) |  | 421,700 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 87,442 |  |  | (610 | ) |  | 86,832 |
Depreciation and amortization | 60,691 |  |  | 47,242 |  |  | 37,018 |  |  | 4,483 |  |  | 9,019 |  |  | — |  |  | 158,453 |
Impairment charges | — |  |  | — |  |  | — |  |  | — |  |  | 8,000 |  |  | — |  |  | 8,000 |
Other operating expense, net | — |  |  | — |  |  | — |  |  | — |  |  | (505 | ) |  | — |  |  | (505 | )
Operating income (loss) | $ | 298,128 |  |  | $ | 78,266 |  |  | $ | 18,281 |  |  | $ | 9,643 |  |  | $ | (104,966 | ) |  | $ | — |  |  | $ | 299,352 |
Intersegment revenues | $ | — |  |  | $ | 1,152 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,152 |
Capital expenditures | $ | 23,238 |  |  | $ | 19,114 |  |  | $ | 30,803 |  |  | $ | 582 |  |  | $ | 3,596 |  |  | $ | — |  |  | $ | 77,333 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,484 |  |  | $ | — |  |  | $ | 3,484 |
(In thousands) | iHM |  | Americas Outdoor |  | International Outdoor |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |  |
Revenue | $ | 2,501,084 |  |  | $ | 919,967 |  |  | $ | 942,167 |  |  | $ | 99,332 |  |  | $ | — |  |  | $ | (5,444 | ) |  | $ | 4,457,106 |
Direct operating expenses | 773,327 |  |  | 427,181 |  |  | 607,023 |  |  | 3 |  |  | — |  |  | — |  |  | 1,807,534 |
Selling, general and administrative expenses | 894,669 |  |  | 165,538 |  |  | 204,531 |  |  | 74,519 |  |  | — |  |  | (2,694 | ) |  | 1,336,563 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 236,237 |  |  | (2,750 | ) |  | 233,487 |
Depreciation and amortization | 174,946 |  |  | 137,689 |  |  | 95,149 |  |  | 11,097 |  |  | 24,769 |  |  | — |  |  | 443,650 |
Impairment charges | — |  |  | — |  |  | — |  |  | — |  |  | 7,631 |  |  | — |  |  | 7,631 |
Other operating income, net | — |  |  | — |  |  | — |  |  | — |  |  | 24,785 |  |  | — |  |  | 24,785 |
Operating income (loss) | $ | 658,142 |  |  | $ | 189,559 |  |  | $ | 35,464 |  |  | $ | 13,713 |  |  | $ | (243,852 | ) |  | $ | — |  |  | $ | 653,026 |
Intersegment revenues | $ | — |  |  | $ | 5,444 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,444 |
Capital expenditures | $ | 44,353 |  |  | $ | 48,749 |  |  | $ | 83,851 |  |  | $ | 551 |  |  | $ | 7,440 |  |  | $ | — |  |  | $ | 184,944 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 9,020 |  |  | $ | — |  |  | $ | 9,020 |
Nine Months Ended September 30, 2016 |  |  |  |  |  |  |  |  |  |
Revenue | $ | 2,463,899 |  |  | $ | 931,058 |  |  | $ | 1,035,263 |  |  | $ | 114,663 |  |  | $ | — |  |  | $ | (2,031 | ) |  | $ | 4,542,852 |
Direct operating expenses | 704,097 |  |  | 421,039 |  |  | 645,199 |  |  | 1,255 |  |  | — |  |  | — |  |  | 1,771,590 |
Selling, general and administrative expenses | 812,344 |  |  | 167,660 |  |  | 220,872 |  |  | 82,394 |  |  | — |  |  | (1,421 | ) |  | 1,281,849 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 252,958 |  |  | (610 | ) |  | 252,348 |
Depreciation and amortization | 182,506 |  |  | 140,883 |  |  | 113,075 |  |  | 12,809 |  |  | 26,780 |  |  | — |  |  | 476,053 |
Impairment charges | — |  |  | — |  |  | — |  |  | — |  |  | 8,000 |  |  | — |  |  | 8,000 |
Other operating income, net | — |  |  | — |  |  | — |  |  | — |  |  | 219,768 |  |  | — |  |  | 219,768 |
Operating income (loss) | $ | 764,952 |  |  | $ | 201,476 |  |  | $ | 56,117 |  |  | $ | 18,205 |  |  | $ | (67,970 | ) |  | $ | — |  |  | $ | 972,780 |
Intersegment revenues | $ | — |  |  | $ | 2,031 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,031 |
Capital expenditures | $ | 46,303 |  |  | $ | 47,808 |  |  | $ | 97,487 |  |  | $ | 1,758 |  |  | $ | 7,682 |  |  | $ | — |  |  | $ | 201,038 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10,350 |  |  | $ | — |  |  | $ | 10,350 |

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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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&loc=d3e8906-108599 + Details
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