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Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

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)						2022						2021						2022						2021
Segment operating revenues:
Local Media						$	355,819					$	324,837					$	682,480					$	637,418
Scripps Networks						238,929						238,735						477,997						452,395
Other						3,893						5,050						8,044						23,171
Intersegment eliminations						(4,174)						(3,545)						(8,348)						(6,986)
Total operating revenues						$	594,467					$	565,077					$	1,160,173					$	1,105,998
Segment profit (loss):
Local Media						$	80,742					$	64,643					$	135,135					$	120,580
Scripps Networks						73,297						107,317						158,373						199,520
Other						(4,349)						(541)						(5,462)						2,740
Shared services and corporate						(18,115)						(19,138)						(41,326)						(38,059)
Acquisition and related integration costs						—						(6,686)						(1,642)						(35,331)
Restructuring costs						—						(514)						—						(7,564)
Depreciation and amortization of intangible assets						(41,019)						(40,751)						(80,764)						(80,258)
Gains (losses), net on disposal of property and equipment						(1,577)						(75)						(4,058)						(155)
Interest expense						(36,011)						(42,010)						(72,510)						(85,892)
Gain (loss) on extinguishment of debt						—						(13,775)						1,234						(13,775)
Defined benefit pension plan income						662						7						1,325						14
Gain on sale of Triton business						—						—						—						81,784
Losses on stock warrant						—						(31,874)						—						(99,118)
Miscellaneous, net						2,170						(2,707)						1,763						(7,558)
Income from continuing operations before income taxes						$	55,800					$	13,896					$	92,068					$	36,928
Depreciation:
Local Media						$	10,526					$	9,854					$	20,668					$	19,539
Scripps Networks						4,830						3,983						9,615						7,818
Other						44						45						88						294
Shared services and corporate						412						363						811						719
Total depreciation						$	15,812					$	14,245					$	31,182					$	28,370
Amortization of intangible assets:
Local Media						$	8,981					$	9,085					$	17,961					$	18,682
Scripps Networks						14,209						16,770						28,418						29,887
Other						471						—						952						2,147
Shared services and corporate						1,546						651						2,251						1,172
Total amortization of intangible assets						$	25,207					$	26,506					$	49,582					$	51,888
Additions to property and equipment:
Local Media						$	6,901					$	13,295					$	16,214					$	18,749
Scripps Networks						5,227						8,923						8,436						10,412
Other						36						—						45						430
Shared services and corporate						204						441						260						460
Total additions to property and equipment						$	12,368					$	22,659					$	24,955					$	30,051

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)						2022						2021						2022						2021
Operating revenues:
Core advertising						$	389,261					$	393,459					$	781,796					$	754,762
Political						24,886						3,193						30,832						4,504
Retransmission and carriage fees						170,304						156,421						326,124						312,918
Other						10,016						12,004						21,421						33,814
Total operating revenues						$	594,467					$	565,077					$	1,160,173					$	1,105,998

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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
-SubTopic 10
-Section 50
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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

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-Topic 280
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