XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
Segment Reporting [Abstract] |
Summary of Continuing Operations By Reportable Segment |
(In thousands) | Three Months Ended March 31, 2017
National Networks |  | International and Other |  | Inter-segment eliminations |  | Consolidated
Revenues, net |  |  |  |  |  |  |
Advertising | $ | 247,542 |  |  | $ | 20,070 |  |  | $ | — |  |  | $ | 267,612 |
Distribution | 367,605 |  |  | 86,727 |  |  | (1,755 | ) |  | 452,577 |
Consolidated revenues, net | $ | 615,147 |  |  | $ | 106,797 |  |  | $ | (1,755 | ) |  | $ | 720,189 |
Operating income (loss) | $ | 249,607 |  |  | $ | (19,217 | ) |  | $ | 1,281 |  |  | $ | 231,671 |
Share-based compensation expense | 9,908 |  |  | 2,556 |  |  | — |  |  | 12,464 |
Restructuring expense | 54 |  |  | 2,650 |  |  | — |  |  | 2,704 |
Depreciation and amortization | 8,404 |  |  | 15,089 |  |  | — |  |  | 23,493 |
Adjusted operating income | $ | 267,973 |  |  | $ | 1,078 |  |  | $ | 1,281 |  |  | $ | 270,332 |
Capital expenditures | $ | 5,135 |  |  | $ | 15,071 |  |  | $ | — |  |  | $ | 20,206 |
(In thousands) | Three Months Ended March 31, 2016
National Networks |  | International and Other |  | Inter-segment eliminations |  | Consolidated
Revenues, net |  |  |  |  |  |  |
Advertising | $ | 263,852 |  |  | $ | 22,825 |  |  | $ | — |  |  | $ | 286,677 |
Distribution | 334,783 |  |  | 86,223 |  |  | (1,104 | ) |  | 419,902 |
Consolidated revenues, net | $ | 598,635 |  |  | $ | 109,048 |  |  | $ | (1,104 | ) |  | $ | 706,579 |
Operating income (loss) | $ | 266,732 |  |  | $ | (8,436 | ) |  | $ | 511 |  |  | $ | 258,807 |
Share-based compensation expense | 6,221 |  |  | 1,944 |  |  | — |  |  | 8,165 |
Restructuring expense (credit) | 30 |  |  | (65 | ) |  | — |  |  | (35 | )
Depreciation and amortization | 7,969 |  |  | 11,663 |  |  | — |  |  | 19,632 |
Adjusted operating income | $ | 280,952 |  |  | $ | 5,106 |  |  | $ | 511 |  |  | $ | 286,569 |
Capital expenditures | $ | 1,980 |  |  | $ | 10,407 |  |  | $ | — |  |  | $ | 12,387 |
Summary of Inter-Segment Eliminations |
(In thousands) | Three Months Ended March 31,
2017 |  | 2016
Inter-segment revenues |  |  |
National Networks | $ | (1,724 | ) |  | $ | (944 | )
International and Other | (31 | ) |  | (160 | )
| $ | (1,755 | ) |  | $ | (1,104 | )
Schedule of Revenue by Geographic Area | The table below summarizes revenues based on customer location:
(In thousands) | Three Months Ended March 31,
2017 |  | 2016
Revenues |  |  |
United States | $ | 600,055 |  |  | $ | 574,334 |
Europe | 78,675 |  |  | 93,962 |
Other | 41,459 |  |  | 38,283 |
| $ | 720,189 |  |  | $ | 706,579 |
Schedule of Disclosure on Geographic Areas, Long-Lived Assets | The table below summarizes property and equipment based on asset location:
(In thousands) | March 31, 2017 |  | December 31, 2016
Property and equipment, net |  |  |
United States | $ | 108,890 |  |  | $ | 104,939 |
Europe | 39,342 |  |  | 39,976 |
Other | 20,991 |  |  | 21,721 |
| $ | 169,223 |  |  | $ | 166,636 |

X
- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: 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 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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://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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration