XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.2

Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Information regarding business segments

Information regarding our business segments is as follows:

						Three Months Ended  September 30,												Nine Months Ended  September 30,
(in thousands)						2021						2020						2021						2020
Segment operating revenues:
Local Media						$	331,316					$	407,002					$	968,734					$	1,011,879
Scripps Networks						226,550						72,825						678,945						216,232
Other						1,207						16,668						24,378						47,816
Intersegment eliminations						(3,830)						(3,233)						(10,816)						(9,559)
Total operating revenues						$	555,243					$	493,262					$	1,661,241					$	1,266,368
Segment profit (loss):
Local Media						$	65,391					$	147,794					$	185,971					$	242,357
Scripps Networks						83,327						3,493						282,847						15,615
Other						(2,227)						3,846						513						13,073
Shared services and corporate						(17,768)						(12,128)						(55,827)						(43,705)
Acquisition and related integration costs						(251)						(10,928)						(35,582)						(16,059)
Restructuring costs						(1,872)						—						(9,436)						—
Depreciation and amortization of intangible assets						(42,086)						(26,856)						(122,344)						(80,846)
Gains (losses), net on disposal of property and equipment						31,109						2,012						30,954						(728)
Interest expense						(41,013)						(21,387)						(126,905)						(70,184)
Loss on extinguishment of debt						—						—						(13,775)						—
Defined benefit pension plan expense						(264)						(1,261)						(250)						(3,313)
Gains on sale of business						—						—						81,784						—
Losses on stock warrants						—						—						(99,118)						—
Miscellaneous, net						674						1,488						(6,884)						1,050
Income from continuing operations before income taxes						$	75,020					$	86,073					$	111,948					$	57,260
Depreciation:
Local Media						$	9,877					$	10,455					$	29,416					$	32,719
Scripps Networks						4,645						1,522						12,463						3,856
Other						44						245						338						626
Shared services and corporate						373						346						1,092						1,114
Total depreciation						$	14,939					$	12,568					$	43,309					$	38,315
Amortization of intangible assets:
Local Media						$	12,016					$	9,133					$	30,698					$	28,453
Scripps Networks						14,503						2,739						44,390						7,095
Other						—						2,077						2,147						5,968
Shared services and corporate						628						339						1,800						1,015
Total amortization of intangible assets						$	27,147					$	14,288					$	79,035					$	42,531
Additions to property and equipment:
Local Media						$	8,317					$	9,134					$	27,066					$	35,351
Scripps Networks						6,960						1,049						17,372						2,640
Other						—						377						430						832
Shared services and corporate						869						78						1,329						294
Total additions to property and equipment						$	16,146					$	10,638					$	46,197					$	39,117

Disaggregation of Principal Revenue Generating Activities

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

						Three Months Ended  September 30,												Nine Months Ended  September 30,
(in thousands)						2021						2020						2021						2020
Operating revenues:
Core advertising						$	387,643					$	221,713					$	1,142,405					$	638,275
Political						7,087						98,313						11,591						131,749
Retransmission and carriage fees						151,828						153,888						464,746						437,121
Other						8,685						19,348						42,499						59,223
Total operating revenues						$	555,243					$	493,262					$	1,661,241					$	1,266,368

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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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