Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Separate Financial Data for Each of Company's Operating Segment

Separate financial data for each of the Company’s operating segments are provided below. Segment operating profit (loss) is defined as operating profit (loss) before corporate expenses, change in fair value of contingent consideration, impairment charge, foreign currency (gain) loss and other operating (gain) loss. The Company generated 73% and 65% of its revenue outside the United States during the three-month periods ended March 31, 2022 and 2021, respectively. The Company evaluates the performance of its operating segments based on the following (in thousands):

	Three-Month Period
	Ended March 31,						%
	2022			2021			Change
Net revenue
Digital	$	153,711		$	101,482			51	%
Television		30,867			36,091			(14	)%
Audio		12,594			11,307			11	%
Consolidated		197,172			148,880			32	%
Cost of revenue - digital		129,891			84,756			53	%
Direct operating expenses
Digital		7,133			4,901			46	%
Television		14,283			14,969			(5	)%
Audio		6,407			6,691			(4	)%
Consolidated		27,823			26,561			5	%
Selling, general and administrative expenses
Digital		8,102			5,949			36	%
Television		4,957			4,915			1	%
Audio		2,980			2,989			(0	)%
Consolidated		16,039			13,853			16	%
Depreciation and amortization
Digital		2,677			1,581			69	%
Television		2,893			3,216			(10	)%
Audio		825			387			113	%
Consolidated		6,395			5,184			23	%
Segment operating profit (loss)
Digital		5,908			4,295			38	%
Television		8,734			12,991			(33	)%
Audio		2,382			1,240			92	%
Consolidated		17,024			18,526			(8	)%
Corporate expenses		8,724			7,158			22	%
Change in fair value of contingent consideration		5,100			-		*
Impairment charge		-			1,326			(100	)%
Foreign currency (gain) loss		(847	)		586		*
Other operating (gain) loss		(119	)		(1,913	)		(94	)%
Operating income (loss)		4,166			11,369			(63	)%
Interest expense	$	(1,836	)	$	(1,717	)		7	%
Interest income		406			140			190	%
Dividend income		3			2			50	%
Income (loss) before income taxes		2,739			9,794			(72	)%
Capital expenditures
Digital	$	769		$	336
Television		460			1,031
Audio		288			146
Consolidated	$	1,517		$	1,513
	March 31,			December 31,
Total assets	2022			2021
Digital		330,204			309,347
Television		425,867			433,303
Audio		105,538			108,692
Consolidated	$	861,609		$	851,342

* Percentage not meaningful.