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Industry Segments
 12 Months Ended
Dec. 31, 2013
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 and Martha Stewart Weddings) and books, as well as its digital operations, which includes the content-driven website, marthastewart.com, and the digital distribution of video content. 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 primarily consists of the Company’s operations related to the design and branding of merchandise and related collateral and packaging materials that are manufactured and distributed by its retail and wholesale partners in exchange for royalty income. The Merchandising segment also includes the licensing of talent services for television programming produced by third parties.
In 2012, the Company significantly restructured its Broadcasting segment, which included the termination of the Company's live audience television production operations. Subsequent to the restructuring, the Broadcasting segment consists of the Company's limited television production operations, television content library licensing and satellite radio 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 2013, 2012, and 2011 is as follows: 
(in thousands)
Publishing
 
Merchandising
 
Broadcasting
 
Corporate
 
Consolidated
2013
 
 
 
 
 
 
 
 
 
Revenues
$
96,493

 
$
59,992

 
$
4,190

 
$
—

 
$
160,675

Non-cash equity compensation *
(376
)
 
(237
)
 
(8
)
 
(1,287
)
 
(1,908
)
Depreciation and amortization
(944
)
 
(50
)
 
(27
)
 
(2,737
)
 
(3,758
)
Restructuring charges *
(2,004
)
 
(583
)
 
—

 
(852
)
 
(3,439
)
Gain on sale of subscriber list, net
2,724

 
—

 
—

 
—

 
2,724

Operating (loss) / income
(14,781
)
 
40,512

 
2,155

 
(29,783
)
 
(1,897
)
Total assets
25,245

 
64,876

 
1,290

 
56,956

 
148,367

Capital expenditures
187

 
5

 
—

 
898

 
1,090

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 income/(loss)
(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


* As disclosed on the Company's consolidated statements of cash flows, total non-cash equity compensation expense was $2.0 million, $3.9 million and $5.0 million in 2013, 2012 and 2011, respectively. Included in non-cash equity compensation expense were net charges to expense of approximately $0.1 million for 2013 and 2012, and reversals of expense in 2011 of approximately $0.5 million, which were generated in connection with restructuring activities. Accordingly, these amounts are reflected as restructuring charges in the Company's 2013 and 2012 consolidated statements of operations. See Note 16, Restructuring Charges for further information.