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Segment Information (Tables)
6 Months Ended
Jun. 30, 2012
Segment Information [Abstract]  
Operating results and other financial data for each segment

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

 

                                 
    Three months ended     Six months ended  
    June 30,     June 30,  
(dollars in thousands)   2012     2011     2012     2011  

Revenue

                               

Television

  $ 36,778     $ 30,934     $ 65,937     $ 60,035  

Radio

    5,566       5,673       10,299       10,532  

Fisher Plaza

    —         3,811       —         7,508  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total segment revenue

    42,344       40,418       76,236       78,075  

Intercompany and other

    (74     (68     (34     (173
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 42,270     $ 40,350     $ 76,202     $ 77,902  
   

 

 

   

 

 

   

 

 

   

 

 

 

Segment income from continuing operations

                               

Television

  $ 12,373     $ 6,775     $ 17,452     $ 11,430  

Radio

    1,835       1,710       2,633       1,882  

Fisher Plaza

    —         2,451       —         4,652  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total segment income from continuing operations

    14,208       10,936       20,085       17,964  

Corporate, Fisher Plaza rent and other

    (5,387     (4,125     (10,999     (8,995
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 8,821     $ 6,811     $ 9,086     $ 8,969  
   

 

 

   

 

 

   

 

 

   

 

 

 

Depreciation and amortization

                               

Television

  $ 1,490     $ 1,162     $ 2,977     $ 2,326  

Radio

    30       24       59       47  

Fisher Plaza

    —         1,205       —         2,408  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total segment depreciation and amortization

    1,520       2,391       3,036       4,781  

Corporate and other

    228       281       469       549  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 1,748     $ 2,672     $ 3,505     $ 5,330  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                 
    June 30,     December 31,  
    2012     2011  

Total assets

               

Television

  $ 115,302     $ 122,357  

Radio

    14,898       13,435  

Fisher Plaza

    —         377  
   

 

 

   

 

 

 

Total segment assets

    130,200       136,169  

Corporate and other

    122,441       208,948  
   

 

 

   

 

 

 
    $ 252,641     $ 345,117  
   

 

 

   

 

 

 
Reconciliation of segment income from continuing operations to income from continuing operations

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

 

                                 
    Three months ended     Six months ended  
    June 30,     June 30,  
    2012     2011     2012     2011  

Segment income from continuing operations

  $ 8,821     $ 6,811     $ 9,086     $ 8,969  
         

Adjustments:

                               

(Loss) gain on sale of real estate, net

    (209     4,089       164       4,089  

Plaza fire reimbursements, net

    —         105       —         183  

Depreciation and amortization

    (1,748     (2,672     (3,505     (5,330
   

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations

  $ 6,864     $ 8,333     $ 5,745     $ 7,911