XML 47 R36.htm IDEA: XBRL DOCUMENT v3.19.2

Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Information regarding business segments

Information regarding our business segments is as follows:

		Three Months Ended   June 30,								Six Months Ended   June 30,
(in thousands)		2019				2018				2019				2018
Segment operating revenues:
Local Media		$	236,715			$	213,248			$	440,102			$	405,307
National Media		98,506				68,226				185,823				128,947
Other		2,274				1,921				3,733				3,332
Total operating revenues		$	337,495			$	283,395			$	629,658			$	537,586
Segment profit (loss):
Local Media		$	54,329			$	53,368			$	88,502			$	84,987
National Media		6,573				2,037				11,514				4,072
Other		(1,485		)		(1,643		)		(1,918		)		(1,894		)
Shared services and corporate		(13,119		)		(13,647		)		(29,277		)		(27,734		)
Acquisition and related integration costs		(2,788		)		—				(6,268		)		—
Restructuring costs		(957		)		(2,330		)		(1,895		)		(6,137		)
Depreciation and amortization of intangible assets		(20,237		)		(15,382		)		(38,029		)		(30,802		)
Gains (losses), net on disposal of property and equipment		(144		)		66				(317		)		(651		)
Interest expense		(18,023		)		(9,279		)		(26,939		)		(18,038		)
Defined benefit pension plan expense		(1,564		)		(1,389		)		(3,136		)		(2,777		)
Miscellaneous, net		369				(156		)		(431		)		11
Income (loss) from continuing operations before income taxes		$	2,954			$	11,645			$	(8,194	)		$	1,037
Depreciation:
Local Media		$	8,391			$	7,331			$	15,982			$	14,887
National Media		1,198				134				2,202				230
Other		39				38				77				76
Shared services and corporate		367				387				709				796
Total depreciation		$	9,995			$	7,890			$	18,970			$	15,989
Amortization of intangible assets:
Local Media		$	5,468			$	3,705			$	9,426			$	7,410
National Media		4,435				3,448				8,956				6,726
Shared services and corporate		339				339				677				677
Total amortization of intangible assets		$	10,242			$	7,492			$	19,059			$	14,813
Additions to property and equipment:
Local Media		$	12,411			$	10,613			$	21,891			$	20,113
National Media		4,346				4,051				8,636				5,725
Other		179				—				210				—
Shared services and corporate		195				13				606				73
Total additions to property and equipment		$	17,131			$	14,677			$	31,343			$	25,911

Disaggregation of Principal Revenue Generating Activities

A disaggregation of the principal activities from which we generate revenue is as follows:

		Three Months Ended   June 30,								Six Months Ended   June 30,
(in thousands)		2019				2018				2019				2018
Operating revenues:
Core advertising		$	210,486			$	179,294			$	383,847			$	345,847
Political		2,116				14,882				2,996				17,466
Retransmission and carriage		93,325				74,658				180,608				145,718
Other		31,568				14,561				62,207				28,555
Total operating revenues		$	337,495			$	283,395			$	629,658			$	537,586

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
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://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=115929826&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=115929826&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=108376223&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 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: 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=115929826&loc=d3e8906-108599

+ 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