Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

Note 10.                 Segment Information

The Company classifies its operations into two reportable segments: National Networks, and International and Other. These reportable segments are strategic business units that are managed separately.

The Company generally allocates all corporate overhead costs, including such costs as executive salaries and benefits, costs of maintaining corporate headquarters, facilities and common support functions (such as human resources, legal, finance, tax, accounting, audit, treasury, risk management, strategic planning and information technology) as well as sales support functions and creative and production services, to the Company's two reportable segments.

The Company evaluates segment performance based on several factors, of which the primary financial measure is business segment adjusted operating cash flow (defined as operating income (loss) before depreciation and amortization, share-based compensation expense or benefit and restructuring expense or credit), a non-GAAP measure. The Company has presented the components that reconcile adjusted operating cash flow to operating income, an accepted GAAP measure. Information as to the operations of the Company's reportable segments is set forth below.

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
Revenues, net from continuing operations
National Networks	$   258,347	$248,541	$776,920	$721,974
International and Other	30,720	27,005	86,327	70,228
Inter-segment eliminations	(5,153)	(4,113)	(14,465)	(12,384)
Total	$  283,914	$271,433	$848,782	$779,818

Inter-segment eliminations are primarily revenues recognized by the International and Other segment for the licensing of its program rights by the national programming networks and transmission revenues recognized by AMC Networks Broadcasting & Technology.

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
Inter-segment revenues
National Networks	$       (125)	$             -	$      (380)	$       (325)
International and Other	(5,028)	(4,113)	(14,085)	(12,059)
	$   (5,153)	$   (4,113)	$(14,465)	$ (12,384)

Reconciliation (by Segment and in Total) of Adjusted Operating Cash Flow to Operating Income (Loss) from Continuing Operations

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
Adjusted operating cash flow (deficit) from continuing operations
National Networks	$123,228	$106,231	$346,476	$315,293
International and Other	(21)	802	(11,883)	(14,747)
Inter-segment eliminations	(245)	248	(52)	650
	$122,962	$107,281	$334,541	$301,196

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
Depreciation and amortization included in continuing operations
National Networks	$ (21,453)	$ (23,172)	$ (64,505)	$(69,534)
International and Other	(3,559)	(3,370)	(10,692)	(10,362)
	$ (25,012)	$ (26,542)	$ (75,197)	$(79,896)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
Share-based compensation expense included in continuing operations
National Networks	$  (3,053)	$  (3,527)	$  (9,838)	$(10,083)
International and Other	(644)	(859)	(2,349)	(2,461)
	$  (3,697)	$  (4,386)	$(12,187)	$(12,544)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
Restructuring credit included in continuing operations
National Networks	$        -	$            -	$            -	$         -
International and Other	191	579	240	839
	$        191	$         579	$         240	$        839

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
Operating income (loss) from continuing operations
National Networks	$ 98,722	$  79,532	$272,133	$235,676
International and Other	(4,033)	(2,848)	(24,684)	(26,731)
Inter-segment eliminations	(245)	248	(52)	650
	$ 94,444	$  76,932	$247,397	$209,595

A reconciliation of reportable segment amounts to the Company's consolidated balances is as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
Income from continuing operations before income taxes
Total operating income for reportable         segments	$   94,444	$  76,932	$247,397	$209,595
Items excluded from operating income:
Interest expense	(31,789)	(18,709)	(65,492)	(57,136)
Interest income	318	595	938	1,702
Write-off of deferred financing costs	-	-	(5,703)	-
Loss on extinguishment of debt	(17)	-	(14,535)	-
Miscellaneous, net	(199)	67	(120)	(92)
Income from continuing operations before income taxes	$   62,757	$  58,885	$162,485	$154,069

The following table summarizes the Company's capital expenditures by reportable segment for the nine months ended September 30:

	2011	2010
Capital expenditures
National Networks	$2,256	$   757
International and Other	4,873	6,264
	$7,129	$7,021

Substantially all revenues and assets of the Company are attributed to or located in the U.S.