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Segment Data
12 Months Ended
Dec. 31, 2012
Segment Data [Abstract]  
SEGMENT DATA

14. SEGMENT DATA

 

Segment operating profit (loss) is defined as operating profit (loss) before corporate expenses and impairment charge. There were no significant sources of revenue generated outside the United States during the years ended December 31, 2012, 2011 and 2010. There was approximately $10.5 million and $10.6 million of assets in Mexico at December 31, 2012 and 2011, respectively.

 

The accounting policies applied to determine the segment information are generally the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates the performance of its operating segments based on separate financial data for each operating segment as provided below (in thousands):

 

                                         
    Years Ended December 31,     % Change
2012 to
2011
    % Change
2011 to
2010
 
    2012     2011     2010      

Net Revenue

                                       

Television

  $ 156,839     $ 131,490     $ 132,561       19     (1 )% 

Radio

    66,414       62,906       67,915       6     (7 )% 
   

 

 

   

 

 

   

 

 

                 

Consolidated

    223,253       194,396       200,476       15     (3 )% 
   

 

 

   

 

 

   

 

 

                 

Direct operating expenses

                                       

Television

    56,664       53,789       52,882       5     2

Radio

    35,592       34,801       31,920       2     9
   

 

 

   

 

 

   

 

 

                 

Consolidated

    92,256       88,590       84,802       4     4
   

 

 

   

 

 

   

 

 

                 

Selling, general and administrative expenses

                                       

Television

    20,571       19,606       20,249       5     (3 )% 

Radio

    17,247       16,905       17,797       2     (5 )% 
   

 

 

   

 

 

   

 

 

                 

Consolidated

    37,818       36,511       38,046       4     (4 )% 
   

 

 

   

 

 

   

 

 

                 

Depreciation and amortization

                                       

Television

    13,312       15,189       15,489       (12 )%      (2 )% 

Radio

    3,114       3,464       3,740       (10 )%      (7 )% 
   

 

 

   

 

 

   

 

 

                 

Consolidated

    16,426       18,653       19,229       (12 )%      (3 )% 
   

 

 

   

 

 

   

 

 

                 

Segment operating profit

                                       

Television

    66,292       42,906       43,941       55     (2 )% 

Radio

    10,461       7,736       14,458       35     (46 )% 
   

 

 

   

 

 

   

 

 

                 

Consolidated

    76,753       50,642       58,399       52     (13 )% 

Corporate expenses

    17,976       15,669       18,416       15     (15 )% 

Impairment charge

    —         —         36,109       *       (100 )% 
   

 

 

   

 

 

   

 

 

                 

Operating income (loss)

  $ 58,777     $ 34,973     $ 3,874       68     *  
   

 

 

   

 

 

   

 

 

                 

Capital expenditures

                                       

Television

  $ 8,339     $ 6,494     $ 6,196                  

Radio

    1,561       1,724       981                  
   

 

 

   

 

 

   

 

 

                 

Consolidated

  $ 9,900     $ 8,218     $ 7,177                  
   

 

 

   

 

 

   

 

 

                 

Total assets

                                       

Television

  $ 313,904     $ 342,462     $ 367,474                  

Radio

    124,147       124,859       123,336                  
   

 

 

   

 

 

   

 

 

                 

Consolidated

  $ 438,051     $ 467,321     $ 490,810