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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

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)						2021						2020						2021						2020
Segment operating revenues:
Local Media						$	324,837					$	279,944					$	637,418					$	604,877
Scripps Networks						238,735						66,652						452,395						143,407
Other						5,050						15,484						23,171						31,148
Intersegment eliminations						(3,545)						(3,197)						(6,986)						(6,326)
Total operating revenues						$	565,077					$	358,883					$	1,105,998					$	773,106
Segment profit (loss):
Local Media						$	64,643					$	35,457					$	120,580					$	94,563
Scripps Networks						107,317						2,153						199,520						12,122
Other						(541)						5,036						2,740						9,227
Shared services and corporate						(19,138)						(12,923)						(38,059)						(31,577)
Acquisition and related integration costs						(6,686)						(221)						(35,331)						(5,131)
Restructuring costs						(514)						—						(7,564)						—
Depreciation and amortization of intangible assets						(40,751)						(26,645)						(80,258)						(53,990)
Gains (losses), net on disposal of property and equipment						(75)						(1,307)						(155)						(2,740)
Interest expense						(42,010)						(22,999)						(85,892)						(48,797)
Loss on extinguishment of debt						(13,775)						—						(13,775)						—
Defined benefit pension plan income (expense)						7						(1,026)						14						(2,052)
Gains on sale of business						—						—						81,784						—
Losses on stock warrants						(31,874)						—						(99,118)						—
Miscellaneous, net						(2,707)						(1,552)						(7,558)						(438)
Income (loss) from continuing operations before income taxes						$	13,896					$	(24,027)					$	36,928					$	(28,813)
Depreciation:
Local Media						$	9,854					$	10,774					$	19,539					$	22,264
Scripps Networks						3,983						1,039						7,818						2,334
Other						45						196						294						381
Shared services and corporate						363						387						719						768
Total depreciation						$	14,245					$	12,396					$	28,370					$	25,747
Amortization of intangible assets:
Local Media						$	9,085					$	9,399					$	18,682					$	19,320
Scripps Networks						16,770						2,521						29,887						4,356
Other						—						1,991						2,147						3,891
Shared services and corporate						651						338						1,172						676
Total amortization of intangible assets						$	26,506					$	14,249					$	51,888					$	28,243
Additions to property and equipment:
Local Media						$	13,295					$	11,776					$	18,749					$	26,217
Scripps Networks						8,923						—						10,412						1,591
Other						—						232						430						455
Shared services and corporate						441						102						460						216
Total additions to property and equipment						$	22,659					$	12,110					$	30,051					$	28,479

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)						2021						2020						2021						2020
Operating revenues:
Core advertising						$	393,459					$	182,089					$	754,762					$	417,910
Political						3,193						13,368						4,504						32,088
Retransmission and carriage fees						156,421						144,283						312,918						283,233
Other						12,004						19,143						33,814						39,875
Total operating revenues						$	565,077					$	358,883					$	1,105,998					$	773,106

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- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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