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Industry Segments
 12 Months Ended
Dec. 31, 2012
Disclosure Industry Segments Segment Information [Abstract]  
Industry Segments
INDUSTRY SEGMENTS
The Company is an integrated media and merchandising company providing consumers with inspiring lifestyle content and programming, and well-designed, high-quality products.
The Company’s business segments are Publishing, Merchandising and Broadcasting. The Publishing segment primarily consists of the Company’s operations related to its magazines (Martha Stewart Living, Martha Stewart Weddings, Everyday Food, Whole Living and special interest publications) and books, as well as its digital operations which includes the content-driven website, marthastewart.com. As part of the Company's restructuring announced in November 2012, Everyday Food ceased publication as a stand-alone title with its December 2012 issue and Whole Living was discontinued after its January/February 2013 issue. The Merchandising segment consists of the Company’s operations related to the design and branding of merchandise and related collateral and packaging materials that are distributed by its retail and manufacturing partners in exchange for royalty income. The Broadcasting segment has consisted of the Company's television production operations and its satellite radio operations. While certain revenue derived from the provision of talent services was included in the Broadcasting segment in 2012 and prior years, the Company is now recording, beginning in 2012, new agreements for talent services in our Merchandising segment. In 2012, the Company significantly restructured its Broadcasting segment, which included the termination of the Company's live audience television production operations. The Company expects that the operations of this segment in 2013 and beyond will consist of television content library licensing, satellite radio operations and limited television production operations. While future revenues and assets from these operations are not expected to be significant, the Company plans to continue reporting activities under the Broadcasting segment to provide historical context.
The accounting policies for the Company’s business segments are the same as those described in Note 2, Summary of Significant Accounting Policies. Segment information for 2012, 2011, and 2010 is as follows: 
(in thousands)
Publishing
 
Merchandising
 
Broadcasting
 
Corporate
 
Consolidated
2012
 
 
 
 
 
 
 
 
 
Revenues
$
122,540

 
$
57,574

 
$
17,513

 
$
—

 
$
197,627

Non-cash equity compensation *
(587
)
 
(455
)
 
(50
)
 
(2,715
)
 
(3,807
)
Depreciation and amortization
(742
)
 
(52
)
 
(388
)
 
(2,825
)
 
(4,007
)
Restructuring charges *
(1,971
)
 
(81
)
 
(816
)
 
(1,943
)
 
(4,811
)
Goodwill impairment
(44,257
)
 
—

 
—

 
—

 
(44,257
)
Operating (loss) / income
(62,029
)
 
39,477

 
2,354

 
(36,198
)
 
(56,396
)
Total assets
31,232

 
87,213

 
19,619

 
16,196

 
154,260

Capital expenditures
236

 
105

 
41

 
932

 
1,314

2011
 
 
 
 
 
 
 
 
 
Revenues
$
140,857

 
$
48,614

 
$
31,962

 
$
—

 
$
221,433

Non-cash equity compensation *
(682
)
 
(224
)
 
(67
)
 
(4,523
)
 
(5,496
)
Depreciation and amortization
(774
)
 
(32
)
 
(470
)
 
(2,702
)
 
(3,978
)
Restructuring charges *
(828
)
 
(13
)
 
(600
)
 
(3,675
)
 
(5,116
)
Operating (loss) / income
(6,464
)
 
29,972

 
(4,740
)
 
(37,362
)
 
(18,594
)
Total assets
83,769

 
81,199

 
28,352

 
22,800

 
216,120

Capital expenditures
1,221

 
7

 
32

 
1,619

 
2,879

2010
 
 
 
 
 
 
 
 
 
Revenues
$
145,573

 
$
42,806

 
$
42,434

 
$
—

 
$
230,813

Non-cash equity compensation
(552
)
 
(803
)
 
(230
)
 
(3,816
)
 
(5,401
)
Depreciation and amortization
(1,127
)
 
(43
)
 
(878
)
 
(2,584
)
 
(4,632
)
Operating income/(loss)
2,650

 
25,001

 
(1,578
)
 
(34,736
)
 
(8,663
)
Total assets
91,914

 
73,659

 
39,092

 
17,649

 
222,314

Capital expenditures
815

 
10

 
843

 
3,039

 
4,707


* As disclosed on the Company's consolidated statements of cash flows, total non-cash equity compensation expense was $3.9 million and $5.0 million in 2012 and 2011, respectively. Included in non-cash equity compensation expense in 2012 and 2011 were net charges to expense of approximately $0.1 million and reversals of expense of approximately $0.5 million, respectively, which were generated in connection with restructuring activities. Accordingly, these amounts are reflected as restructuring charges in the Company's 2012 and 2011 consolidated statements of operations. See Note 14, Restructuring charges for further information.