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QUARTERLY RESULTS OF OPERATIONS (Unaudited) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY RESULTS OF OPERATIONS (Unaudited) | QUARTERLY RESULTS OF OPERATIONS (Unaudited)
(In thousands, except per share data)
| Three Months Ended March 31, |  | Three Months Ended June 30, |  | Three Months Ended September 30, |  | Three Months Ended December 31,
| 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016
Revenue | $ | 1,329,322 |  |  | $ | 1,361,798 |  |  | $ | 1,590,368 |  |  | $ | 1,614,472 |  |  | $ | 1,537,416 |  |  | $ | 1,566,582 |  |  | $ | 1,713,888 |  |  | $ | 1,717,210 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct operating expenses | 571,262 |  |  | 566,664 |  |  | 614,377 |  |  | 613,186 |  |  | 621,895 |  |  | 591,740 |  |  | 654,188 |  |  | 627,186 |
Selling, general and administrative expenses | 450,619 |  |  | 425,568 |  |  | 447,290 |  |  | 434,581 |  |  | 438,654 |  |  | 421,700 |  |  | 515,083 |  |  | 444,050 |
Corporate expenses | 78,362 |  |  | 77,859 |  |  | 77,158 |  |  | 87,657 |  |  | 77,967 |  |  | 86,832 |  |  | 78,411 |  |  | 88,724 |
Depreciation and amortization | 146,106 |  |  | 155,456 |  |  | 147,795 |  |  | 162,144 |  |  | 149,749 |  |  | 158,453 |  |  | 157,645 |  |  | 159,174 |
Impairment charges | — |  |  | — |  |  | — |  |  | — |  |  | 7,631 |  |  | 8,000 |  |  | 2,568 |  |  | — |
Other operating income, net | 31,084 |  |  | 284,463 |  |  | 6,916 |  |  | (64,190 | ) |  | (13,215 | ) |  | (505 | ) |  | 10,919 |  |  | 133,788 |
Operating income | 114,057 |  |  | 420,714 |  |  | 310,664 |  |  | 252,714 |  |  | 228,305 |  |  | 299,352 |  |  | 316,912 |  |  | 531,864 |
Interest expense | 455,337 |  |  | 463,950 |  |  | 463,160 |  |  | 465,991 |  |  | 470,250 |  |  | 459,852 |  |  | 476,837 |  |  | 460,189 |
Gain (loss) on investments, net | (125 | ) |  | — |  |  | (135 | ) |  | — |  |  | (2,173 | ) |  | (13,767 | ) |  | (2,439 | ) |  | 860 |
Equity in earnings (loss) of nonconsolidated affiliates | (242 | ) |  | (433 | ) |  | 240 |  |  | (1,610 | ) |  | (2,238 | ) |  | 1,117 |  |  | (615 | ) |  | (15,807 | )
Gain (loss) on extinguishment of debt | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 157,556 |  |  | 1,271 |  |  | — |
Other income (expense), net | (15,249 | ) |  | (5,712 | ) |  | 1,782 |  |  | (34,019 | ) |  | 2,223 |  |  | (7,323 | ) |  | (4,078 | ) |  | (26,048 | )
Income (loss) before income taxes | (356,896 | ) |  | (49,381 | ) |  | (150,609 | ) |  | (248,906 | ) |  | (244,133 | ) |  | (22,917 | ) |  | (165,786 | ) |  | 30,680 |
Income tax benefit (expense) | (30,684 | ) |  | (9,493 | ) |  | (17,408 | ) |  | (27,137 | ) |  | (2,051 | ) |  | (5,613 | ) |  | 507,549 |  |  | 92,717 |
Consolidated net income (loss) | (387,580 | ) |  | (58,874 | ) |  | (168,017 | ) |  | (276,043 | ) |  | (246,184 | ) |  | (28,530 | ) |  | 341,763 |  |  | 123,397 |
Less amount attributable to noncontrolling interest | 635 |  |  | 29,622 |  |  | 6,020 |  |  | 2,857 |  |  | 1,993 |  |  | 6,471 |  |  | (74,775 | ) |  | 17,362 |
Net income (loss)attributable to the Company | $ | (388,215 | ) |  | $ | (88,496 | ) |  | $ | (174,037 | ) |  | $ | (278,900 | ) |  | $ | (248,177 | ) |  | $ | (35,001 | ) |  | $ | 416,538 |  |  | $ | 106,035 |
Net income (loss) to the Company per common share:
Basic | $ | (4.58 | ) |  | $ | (1.05 | ) |  | $ | (2.05 | ) |  | $ | (3.30 | ) |  | $ | (2.92 | ) |  | $ | (0.41 | ) |  | $ | 4.89 |  |  | $ | 1.25 |
Diluted | $ | (4.58 | ) |  | $ | (1.05 | ) |  | $ | (2.05 | ) |  | $ | (3.30 | ) |  | $ | (2.92 | ) |  | $ | (0.41 | ) |  | $ | 4.85 |  |  | $ | 1.24 |
The Company's Class A common shares are quoted for trading on the OTC / Pink Sheets Bulletin Board under the symbol IHRT.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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