Segment Information

12 Months Ended

Dec. 31, 2011

Segment Information [Abstract]

Segment Information

NOTE 14

Segment Information

The Company reports financial data for three reportable segments: television, radio and Fisher Plaza. The television reportable segment includes the operations of the Company's 20 owned and operated network-affiliated television stations (including a 50%-owned station) and internet business. The radio reportable segment includes the operations of the Company's three Seattle radio stations and one managed radio station. The Fisher Plaza reportable segment includes the operations of a communications center located near downtown Seattle that serves as home of the Company's Seattle television operations, radio operations, the corporate offices and third-party tenants. In December 2011, the Company completed the sale of Fisher Plaza and its corporate headquarters and Seattle television, radio and internet operations continue to be located at Fisher Plaza, pursuant to a leaseback transaction. Prospectively, the Company will no longer have Fisher Plaza as a reportable segment.

The Company discloses information about its reportable segments based on measures it uses in assessing the performance of its reportable segments. The Company uses "segment income (loss) from continuing operations" to measure the operating performance of its segments which represents income (loss) from continuing operations before depreciation and amortization, gain on sale of real estate, net, gain on sale of Fisher Plaza, net, Plaza fire expenses (reimbursements), net, and gain on exchange of assets, net. Additionally, the performance metric for segment income (loss) from continuing operations now excludes the allocation of certain corporate and Fisher Plaza operating expense. Prior period financial information has been restated to conform to current period presentation.

The non-segment expenses include corporate and administrative expenses that have not been allocated to the operations of the television, radio or Fisher Plaza segments.

Operating results and other financial data for each segment are as follows:

	Year Ended December 31,
(dollars in thousands)	2011			2010			2009
Revenue
Television	$	128,548		$	136,397		$	97,201
Radio		21,356			23,759			21,543
Fisher Plaza		14,289			14,400			13,739
Total segment revenue		164,193			174,556			132,483
Intercomany revenue		(225	)		(154	)		(109	)
	$	163,968		$	174,402		$	132,374
Segment income from continuing operations
Television	$	31,498		$	36,285		$	7,792
Radio		4,803			4,620			3,958
Fisher Plaza		8,268			7,928			8,126
Total segment income from continuing operations		44,569			48,833			19,876
Corporate and other		(17,177	)		(14,564	)		(12,487	)
	$	27,392		$	34,269		$	7,389
Depreciation and amortization
Television	$	4,827		$	7,666		$	6,898
Radio		94			241			282
Fisher Plaza		3,611			4,947			4,907
Total segment depreciation and amortization		8,532			12,854			12,087
Corporate and other		1,032			1,538			1,583
	$	9,564		$	14,392		$	13,670
Total assets
Television	$	122,357		$	141,707
Radio		13,435			14,483
Fisher Plaza		377			108,271
Total segment assets		136,169			264,461
Corporate and other		208,948			56,431
	$	345,117		$	320,892
Goodwill, net
Television	$	5,077		$	5,077
Radio		8,216			8,216
	$	13,293		$	13,293
Capital expenditures
Television	$	5,818		$	6,923		$	6,120
Radio		166			128			187
Fisher Plaza		148			2,217			3,926
Total segment capital expenditures		6,132			9,268			10,233
Corporate and other		2,003			722			1,348
	$	8,135		$	9,990		$	11,581

Intercompany revenue related primarily to sales between our television and radio stations.

No geographic areas outside the United States were significant relative to consolidated revenue, income from operations or total assets.

A reconciliation of total segment income from continuing operations to consolidated income (loss) from continuing operations is as follows (dollars in thousands):

	Year Ended December 31,
	2011			2010			2009
Segment income from continuing operations	$	27,392		$	34,269		$	7,389
Adjustments:
Gain on sale of real estate, net		4,089			—			—
Gain on sale of Fisher Plaza, net		40,454			—			—
Plaza fire (expenses) reimbursements, net		223			3,363			(2,657	)
Gain on exchange of assets, net		32			2,054			2,569
Depreciation and amortization		(9,564	)		(14,392	)		(13,670	)
Income (loss) from continuing operations	$	62,626		$	25,294		$	(6,369	)