XML 45 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Industry Segments (Tables)
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Segment information for the three months ended September 30, 2013 and 2012 is as follows:
(in thousands)
Publishing
 
Merchandising
 
Broadcasting
 
Corporate
 
Consolidated
2013
 
 
 
 
 
 
 
 
 
Revenues
$
19,401

 
$
14,153

 
$
294

 
$

 
$
33,848

Non–cash equity compensation
(85
)
 
(57
)
 
(1
)
 
(276
)
 
(419
)
Depreciation and amortization
(200
)
 
(12
)
 
(1
)
 
(634
)
 
(847
)
Operating (loss) / income
(6,260
)
 
9,479

 
(214
)
 
(7,081
)
 
(4,076
)
2012
 
 
 
 
 
 
 
 
 
Revenues
$
27,572

 
$
13,233

 
$
2,744

 
$

 
$
43,549

Non–cash equity compensation
(169
)
 
(75
)
 
(11
)
 
(702
)
 
(957
)
Depreciation and amortization
(187
)
 
(14
)
 
(87
)
 
(715
)
 
(1,003
)
Restructuring charges
(491
)
 

 

 

 
(491
)
Goodwill impairment
(44,257
)
 

 

 

 
(44,257
)
Operating (loss) / income
(51,264
)
 
8,525

 
281

 
(8,231
)
 
(50,689
)

Segment information for the nine months ended September 30, 2013 and 2012 is as follows:
(in thousands)
Publishing
 
Merchandising
 
Broadcasting
 
Corporate
 
Consolidated
2013
 
 
 
 
 
 
 
 
 
Revenues
$
68,073

 
$
41,776

 
$
3,421

 
$

 
$
113,270

Non–cash equity compensation *
(330
)
 
(181
)
 
(7
)
 
(863
)
 
(1,381
)
Depreciation and amortization
(729
)
 
(39
)
 
(26
)
 
(2,146
)
 
(2,940
)
Restructuring charges *
(140
)
 
(392
)
 

 
(143
)
 
(675
)
Gain on sale of subscriber list, net
2,724

 

 

 

 
2,724

Operating (loss) / income
(12,994
)
 
26,872

 
1,812

 
(23,447
)
 
(7,757
)
2012
 
 
 
 
 
 
 
 
 
Revenues
$
87,208

 
$
41,355

 
$
12,701

 
$

 
$
141,264

Non–cash equity compensation *
(484
)
 
(378
)
 
(42
)
 
(2,197
)
 
(3,101
)
Depreciation and amortization
(552
)
 
(37
)
 
(305
)
 
(2,134
)
 
(3,028
)
Restructuring charges *
(584
)
 
(81
)
 
(529
)
 
(74
)
 
(1,268
)
Goodwill impairment
(44,257
)
 

 

 

 
(44,257
)
Operating (loss) / income
(59,686
)
 
28,147

 
(599
)
 
(25,618
)
 
(57,756
)
Total assets **
24,538

 
80,833

 
20,740

 
26,085

 
152,196

* As disclosed on the Company's consolidated statements of cash flows, total non-cash equity compensation expense was $1.4 million and $3.1 million for the nine months ended September 30, 2013 and 2012, respectively. Included in non-cash equity compensation expense for the nine months ended September 30, 2013 were net reversals of expense of approximately $0.03 million. The nine months ended September 30, 2012 include net expense of $(0.02) million, which was generated in connection with restructuring activities. Accordingly, these amounts are reflected as restructuring charges in the Company's consolidated statements of operations for the nine months ended September 30, 2013 and 2012, respectively.
** In accordance with ASC 280, Segment Reporting, total assets are disclosed as of September 30, 2012 in order to reflect the material change in the Publishing segment’s goodwill from the amount disclosed as of December 31, 2011.