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SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Reportable Segment Results

The following table presents the Company's segment results for the Successor Company for the three months ended March 31, 2020:

Successor Company
(In thousands)	Audio				Audio & Media Services				Corporate and other reconciling items				Eliminations				Consolidated
Three Months Ended March 31, 2020
Revenue	$	722,385			$	60,227			$	—			$	(1,978	)		$	780,634
Direct operating expenses	294,787				8,203				—				(1,358		)		301,632
Selling, general and administrative expenses	310,056				34,674				—				(589		)		344,141
Corporate expenses	—				—				39,980				(31		)		39,949
Depreciation and amortization	88,801				5,696				2,271				—				96,768
Impairment charges	—				—				1,727,857				—				1,727,857
Other operating expense, net	—				—				(1,066		)		—				(1,066		)
Operating income (loss)	$	28,741			$	11,654			$	(1,771,174	)		$	—			$	(1,730,779	)
Intersegment revenues	$	167			$	1,811			$	—			$	—			$	1,978
Capital expenditures	$	18,602			$	662			$	2,400			$	—			$	21,664
Share-based compensation expense	$	—			$	—			$	4,625			$	—			$	4,625

The following table presents the Company's segment results for the Predecessor Company for the three months ended March 31, 2019. The presentation of prior period amounts has been restated to conform to the presentation of the Successor period.

Predecessor Company
(In thousands)	Audio				Audio and Media Services				Corporate and other reconciling items				Eliminations				Consolidated
Three Months Ended March 31, 2019
Revenue	$	746,216			$	51,392			$	—			$	(1,811	)		$	795,797
Direct operating expenses	276,006				7,010				—				(142		)		282,874
Selling, general and administrative expenses	291,791				34,796				—				(1,653		)		324,934
Corporate expenses	—				—				39,157				(16		)		39,141
Depreciation and amortization	29,484				4,062				4,744				—				38,290
Impairment charges	—				—				91,382				—				91,382
Other operating expense, net	—				—				(27		)		—				(27		)
Operating income (loss)	$	148,935			$	5,524			$	(135,310	)		$	—			$	19,149
Intersegment revenues	$	187			$	1,624			$	—			$	—			$	1,811
Capital expenditures	$	20,040			$	687			$	2,226			$	—			$	22,953
Share-based compensation expense	$	—			$	—			$	392			$	—			$	392

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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