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Industry Segments (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment information for the three months ended September 30, 2014 and 2013 is as follows:
(in thousands)
Publishing
 
Merchandising
 
Broadcasting
 
Corporate
 
Consolidated
2014
 
 
 
 
 
 
 
 
 
Revenues *
$
15,781

 
$
13,691

 
$
139

 
$

 
$
29,611

Non–cash equity compensation
(28
)
 
(10
)
 

 
(436
)
 
(474
)
Depreciation and amortization
(135
)
 
(11
)
 
(1
)
 
(636
)
 
(783
)
Impairment of trademark and goodwill

 
(11,350
)
 

 

 
(11,350
)
Operating loss
(6,246
)
 
(1,548
)
 
(36
)
 
(7,020
)
 
(14,850
)
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
)

Segment information for the nine months ended September 30, 2014 and 2013 is as follows:
(in thousands)
Publishing
 
Merchandising
 
Broadcasting
 
Corporate
 
Consolidated
2014
 
 
 
 
 
 
 
 
 
Revenues *
$
57,516

 
$
41,494

 
$
1,489

 
$

 
$
100,499

Non–cash equity compensation
(111
)
 
(89
)
 
(1
)
 
(1,312
)
 
(1,513
)
Depreciation and amortization
(458
)
 
(40
)
 
(3
)
 
(4,150
)
 
(4,651
)
Impairment of trademark and goodwill

 
(11,350
)
 

 

 
(11,350
)
Operating (loss) / income
(10,746
)
 
18,747

 
26

 
(22,823
)
 
(14,796
)
Total Assets ***
13,230

 
43,451

 
894

 
60,717

 
118,292

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
)
* Included in revenues is the pro rata recognition of non-cash revenue that resulted from the return of 11 million shares of the Company's Class A Common Stock from J.C. Penney in October 2013 pursuant to a contract amendment with J.C. Penney, which resulted in an initial increase to deferred revenue of $24.9 million that is recognized ratably as non-cash revenue through June 30, 2017. For the three and nine months ended September 30, 2014, these non-cash revenues totaled $1.7 million and $5.0 million, respectively.
** As disclosed on the Company's Consolidated Statements of Cash Flows, total non-cash equity compensation expense was $1.4 million during the nine months ended September 30, 2013. Included in non-cash equity compensation expense were net reversals of expense of approximately $0.03 million, which was generated in connection with restructuring activities. Accordingly, these amounts are reflected as restructuring charges in the Company's 2013 Consolidated Statements of Operations.
*** In accordance with ASC 280, Segment Reporting, total assets are disclosed as of September 30, 2014 in order to reflect the material change in the Merchandising segment’s intangible asset and goodwill from the amount disclosed as of December 31, 2013. See Note 6, Intangible Asset and Goodwill, for discussion of the impairment charges which reduced these asset values.