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Segment Data (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Separate Financial Data for Each of Company's Operating Segment

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

 

 

% Change

 

 

 

 

2016

 

 

 

2015

 

 

 

2014

 

 

2016 to 2015

 

 

2015 to 2014

 

Net Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television

 

$

159,523

 

 

$

159,081

 

 

$

165,472

 

 

 

0

%

 

 

(4

)%

Radio

 

 

75,847

 

 

 

76,161

 

 

 

69,922

 

 

 

(0

)%

 

 

9

%

Digital

 

 

23,144

 

 

 

18,892

 

 

 

6,644

 

 

 

23

%

 

 

184

%

Consolidated

 

 

258,514

 

 

 

254,134

 

 

 

242,038

 

 

 

2

%

 

 

5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue - digital media

 

 

9,536

 

 

 

7,242

 

 

 

2,993

 

 

 

32

%

 

 

142

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television

 

 

62,020

 

 

 

60,125

 

 

 

61,162

 

 

 

3

%

 

 

(2

)%

Radio

 

 

44,949

 

 

 

43,351

 

 

 

41,349

 

 

 

4

%

 

 

5

%

Digital

 

 

6,470

 

 

 

6,847

 

 

 

2,363

 

 

 

(6

)%

 

 

190

%

Consolidated

 

 

113,439

 

 

 

110,323

 

 

 

104,874

 

 

 

3

%

 

 

5

%

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television

 

 

21,591

 

 

 

20,541

 

 

 

19,685

 

 

 

5

%

 

 

4

%

Radio

 

 

20,441

 

 

 

18,619

 

 

 

16,773

 

 

 

10

%

 

 

11

%

Digital

 

 

4,766

 

 

 

3,655

 

 

 

1,348

 

 

 

30

%

 

 

171

%

Consolidated

 

 

46,798

 

 

 

42,815

 

 

 

37,806

 

 

 

9

%

 

 

13

%

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television

 

 

10,659

 

 

 

11,569

 

 

 

10,680

 

 

 

(8

)%

 

 

8

%

Radio

 

 

3,269

 

 

 

3,224

 

 

 

3,391

 

 

 

1

%

 

 

(5

)%

Digital

 

 

1,414

 

 

 

1,196

 

 

 

592

 

 

 

18

%

 

 

102

%

Consolidated

 

 

15,342

 

 

 

15,989

 

 

 

14,663

 

 

 

(4

)%

 

 

9

%

Segment operating profit (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television

 

 

65,253

 

 

 

66,846

 

 

 

73,945

 

 

 

(2

)%

 

 

(10

)%

Radio

 

 

7,188

 

 

 

10,967

 

 

 

8,409

 

 

 

(34

)%

 

 

30

%

Digital

 

 

958

 

 

 

(48

)

 

 

(652

)

 

*

 

 

 

(93

)%

Consolidated

 

 

73,399

 

 

 

77,765

 

 

 

81,702

 

 

 

(6

)%

 

 

(5

)%

Corporate expenses

 

 

24,543

 

 

 

22,520

 

 

 

21,301

 

 

 

9

%

 

 

6

%

Impairment charge

 

 

-

 

 

 

-

 

 

 

735

 

 

*

 

 

*

 

Operating income

 

$

48,856

 

 

$

55,245

 

 

$

59,666

 

 

 

(12

)%

 

 

(7

)%

Capital expenditures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television

 

$

5,744

 

 

$

7,631

 

 

$

6,084

 

 

 

 

 

 

 

 

 

Radio

 

 

3,287

 

 

 

5,532

 

 

 

2,995

 

 

 

 

 

 

 

 

 

Digital

 

 

277

 

 

 

385

 

 

 

32

 

 

 

 

 

 

 

 

 

Consolidated

 

$

9,308

 

 

$

13,548

 

 

$

9,111

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television

 

$

363,852

 

 

$

367,869

 

 

$

380,775

 

 

 

 

 

 

 

 

 

Radio

 

 

129,825

 

 

 

132,395

 

 

 

124,050

 

 

 

 

 

 

 

 

 

Digital

 

 

24,244

 

 

 

24,698

 

 

 

22,942

 

 

 

 

 

 

 

 

 

Consolidated

 

$

517,921

 

 

$

524,962

 

 

$

527,767