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SEGMENT DATA
 9 Months Ended
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