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SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Reportable Segment Results

The following table presents the Company's segment results for the Successor Company for the periods presented:

Successor Company
(In thousands)			Audio						Audio & Media Services						Corporate and other reconciling items						Eliminations						Consolidated
Three Months Ended June 30, 2020
Revenue			$	450,344					$	39,251					$	—					$	(1,947)					$	487,648
Direct operating expenses			243,976						7,304						—						(1,414)						249,866
Selling, general and administrative expenses			229,245						32,510						—						(536)						261,219
Corporate expenses			—						—						26,416						3						26,419
Depreciation and amortization			94,898						5,838						2,611						—						103,347
Impairment charges			—						—						5,378						—						5,378
Other operating expense, net			—						—						(506)						—						(506)
Operating loss			$	(117,775)					$	(6,401)					$	(34,911)					$	—					$	(159,087)
Intersegment revenues			$	168					$	1,779					$	—					$	—					$	1,947
Capital expenditures			$	14,198					$	961					$	2,723					$	—					$	17,882
Share-based compensation expense			$	—					$	—					$	4,218					$	—					$	4,218
Period from May 2, 2019 through June 30, 2019
Revenue			596,230						40,537						—						(1,121)						635,646
Direct operating expenses			193,952						4,872						—						(52)						198,772
Selling, general and administrative expenses			196,834						24,458						—						(1,061)						220,231
Corporate expenses			—						—						26,826						(8)						26,818
Depreciation and amortization			54,692						3,619						1,072						—						59,383
Other operating income, net			—						—						3,246						—						3,246
Operating income (loss)			$	150,752					$	7,588					$	(24,652)					$	—					$	133,688
Intersegment revenues			$	112					$	1,009					$	—					$	—					$	1,121
Capital expenditures			$	13,554					$	830					$	3,051					$	—					$	17,435
Share-based compensation expense			$	—					$	—					$	3,039					$	—					$	3,039
Six Months Ended June 30, 2020
Revenue			$	1,172,729					$	99,478					$	—					$	(3,925)					$	1,268,282
Direct operating expenses			538,763						15,507						—						(2,772)						551,498
Selling, general and administrative expenses			539,301						67,184						—						(1,125)						605,360
Corporate expenses			—						—						66,396						(28)						66,368
Depreciation and amortization			183,699						11,534						4,882						—						200,115
Impairment charges			—						—						1,733,235						—						1,733,235
Other operating expense, net			—						—						(1,572)						—						(1,572)
Operating income (loss)			$	(89,034)					$	5,253					$	(1,806,085)					$	—					$	(1,889,866)
Intersegment revenues			$	335					$	3,590					$	—					$	—					$	3,925
Capital expenditures			$	32,800					$	1,623					$	5,123					$	—					$	39,546
Share-based compensation expense			$	—					$	—					$	8,843					$	—					$	8,843

The following table presents the Company's segment results for the Predecessor Company for the periods presented. 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
Period from April 1, 2019 through May 1, 2019
Revenue			$	260,461					$	17,970					$	—					$	(757)					$	277,674
Direct operating expenses			95,983						2,549						—						(222)						98,310
Selling, general and administrative expenses			91,551						11,276						—						(531)						102,296
Corporate expenses			—						—						14,510						(4)						14,506
Depreciation and amortization			11,749						1,204						1,591						—						14,544
Other operating expense, net			—						—						(127)						—						(127)
Operating income (loss)			$	61,178					$	2,941					$	(16,228)					$	—					$	47,891
Intersegment revenues			$	56					$	701					$	—					$	—					$	757
Capital expenditures			$	11,137					$	576					$	1,531					$	—					$	13,244
Share-based compensation expense			$	—					$	—					$	105					$	—					$	105
Period from January 1, 2019 through May 1, 2019
Revenue			$	1,006,677					$	69,362					$	—					$	(2,568)					$	1,073,471
Direct operating expenses			371,989						9,559						—						(364)						381,184
Selling, general and administrative expenses			383,342						46,072						—						(2,184)						427,230
Corporate expenses															53,667						(20)						53,647
Depreciation and amortization			41,233						5,266						6,335						—						52,834
Impairment charges			—						—						91,382						—						91,382
Other operating expense, net			—						—						(154)						—						(154)
Operating income (loss)			$	210,113					$	8,465					$	(151,538)					$	—					$	67,040
Intersegment revenues			$	243					$	2,325					$	—					$	—					$	2,568
Capital expenditures			$	31,177					$	1,263					$	3,757					$	—					$	36,197
Share-based compensation expense			$	—					$	—					$	498					$	—					$	498

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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