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Segment Information
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company classifies its operations into two operating segments: National Networks and International and Other. These operating segments represent strategic business units that are managed separately.
The Company generally allocates all corporate overhead costs within operating expenses to the Company's two operating segments based upon their proportionate estimated usage of services, including such costs as executive salaries and benefits, costs of maintaining corporate headquarters, facilities and common support functions (such as human resources, legal, finance, strategic planning and information technology) as well as sales support functions and creative and production services.
The Company evaluates segment performance based on several factors, of which the primary financial measure is operating segment adjusted operating income ("AOI"), a non-GAAP measure, defined as operating income (loss) before depreciation and amortization, share-based compensation expense or benefit, impairment and related charges (including gains or losses on sales or dispositions of businesses), and restructuring expense or credit. The Company has presented the components that reconcile adjusted operating income to operating income, an accepted GAAP measure, and other information as to the continuing operations of the Company's operating segments below.
(In thousands)
Three Months Ended September 30, 2018
National
Networks
 
International
and Other
 
Inter-segment
eliminations
 
Consolidated
Revenues, net
 
 
 
 
 
 
 
Advertising
$
199,714

 
$
20,128

 
$
—

 
$
219,842

Distribution
360,607

 
131,644

 
(15,218
)
 
477,033

Consolidated revenues, net
$
560,321

 
$
151,772

 
$
(15,218
)
 
$
696,875

Operating income (loss)
$
188,107

 
$
(16,749
)
 
$
(6,759
)
 
$
164,599

Share-based compensation expense
13,860

 
3,074

 
—

 
16,934

Restructuring expense
—

 
3,139

 
—

 
3,139

Impairment and related charges
—

 
4,486

 
—

 
4,486

Depreciation and amortization
8,450

 
13,561

 
—

 
22,011

Adjusted operating income
$
210,417

 
$
7,511

 
$
(6,759
)
 
$
211,169

(In thousands)
Three Months Ended September 30, 2017
National
Networks
 
International
and Other
 
Inter-segment
eliminations
 
Consolidated
Revenues, net
 
 
 
 
 
 
 
Advertising
$
197,891

 
$
20,691

 
$
—

 
$
218,582

Distribution
343,551

 
92,069

 
(6,179
)
 
429,441

Consolidated revenues, net
$
541,442

 
$
112,760

 
$
(6,179
)
 
$
648,023

Operating income (loss)
$
179,624

 
$
(18,782
)
 
$
(7,488
)
 
$
153,354

Share-based compensation expense
11,598

 
2,219

 
—

 
13,817

Restructuring (credit) expense
(10
)
 
1,274

 
—

 
1,264

Impairment and related charges
—

 
11,036

 
—

 
11,036

Depreciation and amortization
8,482

 
12,456

 
—

 
20,938

Adjusted operating income
$
199,694

 
$
8,203

 
$
(7,488
)
 
$
200,409

(In thousands)
Nine Months Ended September 30, 2018
National
Networks
 
International
and Other
 
Inter-segment
eliminations
 
Consolidated
Revenues, net
 
 
 
 
 
 
 
Advertising
$
672,273

 
$
66,071

 
$
—

 
$
738,344

Distribution
1,148,365

 
343,802

 
(31,428
)
 
1,460,739

Consolidated revenues, net
$
1,820,638

 
$
409,873

 
$
(31,428
)
 
$
2,199,083

Operating income (loss)
$
647,965

 
$
(44,899
)
 
$
(13,281
)
 
$
589,785

Share-based compensation expense
42,647

 
9,359

 
—

 
52,006

Restructuring expense
—

 
3,139

 
—

 
3,139

Impairment and related charges
—

 
4,486

 
—

 
4,486

Depreciation and amortization
25,358

 
38,676

 
—

 
64,034

Adjusted operating income
$
715,970

 
$
10,761

 
$
(13,281
)
 
$
713,450

Capital expenditures
$
9,511

 
$
51,263

 
$
—

 
$
60,774

(In thousands)
Nine Months Ended September 30, 2017
National
Networks
 
International
and Other
 
Inter-segment
eliminations
 
Consolidated
Revenues, net
 
 
 
 
 
 
 
Advertising
$
690,906

 
$
62,134

 
$
—

 
$
753,040

Distribution
1,070,606

 
268,267

 
(13,156
)
 
1,325,717

Consolidated revenues, net
$
1,761,512

 
$
330,401

 
$
(13,156
)
 
$
2,078,757

Operating income (loss)
$
640,855

 
$
(69,222
)
 
$
(10,818
)
 
$
560,815

Share-based compensation expense
33,717

 
7,695

 
—

 
41,412

Restructuring (credit) expense
(53
)
 
3,940

 
—

 
3,887

Impairment and related charges
—

 
28,148

 
—

 
28,148

Depreciation and amortization
25,315

 
39,722

 
—

 
65,037

Adjusted operating income
$
699,834

 
$
10,283

 
$
(10,818
)
 
$
699,299

Capital expenditures
$
20,311

 
$
41,483

 
$
—

 
$
61,794


Inter-segment eliminations are primarily licensing revenues recognized between the National Networks and International and Other segments as well as revenues recognized by AMC Networks Broadcasting & Technology for transmission revenues recognized from the International and Other operating segment.
(In thousands)
Three Months Ended September 30,
 
Nine Months Ended September 30,
2018
 
2017
 
2018
 
2017
Inter-segment revenues
 
 
 
 
 
 
 
National Networks
$
(10,304
)
 
$
(6,179
)
 
$
(25,454
)
 
$
(13,045
)
International and Other
(4,914
)
 
—

 
(5,974
)
 
(111
)
 
$
(15,218
)
 
$
(6,179
)
 
$
(31,428
)
 
$
(13,156
)

The table below summarizes revenues based on customer location:
(In thousands)
Three Months Ended September 30,
 
Nine Months Ended September 30,
2018
 
2017
 
2018
 
2017
Revenues
 
 
 
 
 
 
 
United States
$
550,573

 
$
504,732

 
$
1,737,336

 
$
1,653,342

Europe
108,607

 
91,447

 
311,294

 
278,198

Other
37,695

 
51,844

 
150,453

 
147,217

 
$
696,875

 
$
648,023

 
$
2,199,083

 
$
2,078,757


The table below summarizes property and equipment based on asset location:
(In thousands)
September 30, 2018
 
December 31, 2017
Property and equipment, net
 
 
 
United States
$
182,266

 
$
136,203

Europe
26,567

 
28,261

Other
16,635

 
19,050

 
$
225,468

 
$
183,514