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Segment Information
 6 Months Ended
Jun. 30, 2019
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. The Company defines AOI 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), restructuring and other related charges and the Company's proportionate share of adjusted operating income (loss) from majority-owned equity method investees. 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 June 30, 2019
National
Networks
 
International
and Other
 
Inter-segment
eliminations
 
Consolidated
Revenues, net
 
 
 
 
 
 
 
Advertising
$
219,490

 
$
23,535

 
$
(49
)
 
$
242,976

Distribution
385,249

 
155,991

 
(11,917
)
 
529,323

Consolidated revenues, net
$
604,739

 
$
179,526

 
$
(11,966
)
 
$
772,299

Operating income (loss)
$
214,198

 
$
(27,284
)
 
$
(16,657
)
 
$
170,257

Share-based compensation expense
13,821

 
2,904

 
—

 
16,725

Restructuring and other related charges
274

 
16,888

 
—

 
17,162

Depreciation and amortization
8,179

 
17,714

 
—

 
25,893

Majority-owned equity investees AOI
—

 
1,608

 
—

 
1,608

Adjusted operating income
$
236,472

 
$
11,830

 
$
(16,657
)
 
$
231,645


(In thousands)
Three Months Ended June 30, 2018
National
Networks
 
International
and Other
 
Inter-segment
eliminations
 
Consolidated
Revenues, net
 
 
 
 
 
 
 
Advertising
$
246,829

 
$
23,433

 
$
—

 
270,262

Distribution
380,460

 
123,278

 
(12,615
)
 
491,123

Consolidated revenues, net
$
627,289

 
$
146,711

 
$
(12,615
)
 
$
761,385

Operating income (loss)
$
210,007

 
$
(11,338
)
 
$
(7,138
)
 
191,531

Share-based compensation expense
16,259

 
3,494

 
—

 
19,753

Restructuring and other related charges
—

 
—

 
—

 
—

Depreciation and amortization
8,412

 
13,257

 
—

 
21,669

Majority-owned equity investees AOI
—

 
—

 
—

 
—

Adjusted operating income
$
234,678

 
$
5,413

 
$
(7,138
)
 
$
232,953


(In thousands)
Six Months Ended June 30, 2019
National
Networks
 
International
and Other
 
Inter-segment
eliminations
 
Consolidated
Revenues, net
 
 
 
 
 
 
 
Advertising
$
458,579

 
$
44,741

 
$
(51
)
 
$
503,269

Distribution
762,279

 
305,874

 
(14,902
)
 
1,053,251

Consolidated revenues, net
$
1,220,858

 
$
350,615

 
$
(14,953
)
 
$
1,556,520

Operating income (loss)
$
465,702

 
$
(41,031
)
 
$
(9,551
)
 
$
415,120

Share-based compensation expense
30,090

 
6,534

 
—

 
36,624

Restructuring and other related charges
576

 
19,923

 
(695
)
 
19,804

Depreciation and amortization
16,791

 
33,158

 
—

 
49,949

Majority-owned equity investees AOI
—

 
3,188

 
—

 
3,188

Adjusted operating income
$
513,159

 
$
21,772

 
$
(10,246
)
 
$
524,685

(In thousands)
Six Months Ended June 30, 2018
National
Networks
 
International
and Other
 
Inter-segment
eliminations
 
Consolidated
Revenues, net
 
 
 
 
 
 
 
Advertising
$
472,559

 
$
45,943

 
$
—

 
$
518,502

Distribution
787,758

 
212,158

 
(16,210
)
 
983,706

Consolidated revenues, net
$
1,260,317

 
$
258,101

 
$
(16,210
)
 
$
1,502,208

Operating income (loss)
$
459,859

 
$
(28,151
)
 
$
(6,522
)
 
$
425,186

Share-based compensation expense
28,786

 
6,286

 
—

 
35,072

Depreciation and amortization
16,907

 
25,116

 
—

 
42,023

Adjusted operating income
$
505,552

 
$
3,251

 
$
(6,522
)
 
$
502,281


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 June 30,
 
Six Months Ended June 30,
2019
 
2018
 
2019
 
2018
Inter-segment revenues
 
 
 
 
 
 
 
National Networks
$
(10,260
)
 
$
(12,615
)
 
$
(11,650
)
 
$
(15,150
)
International and Other
(1,706
)
 
—

 
(3,303
)
 
(1,060
)
 
$
(11,966
)
 
$
(12,615
)
 
$
(14,953
)
 
$
(16,210
)

The table below summarizes revenues based on customer location:
(In thousands)
Three Months Ended June 30,
 
Six Months Ended June 30,
2019
 
2018
 
2019
 
2018
Revenues
 
 
 
 
 
 
 
United States
$
605,114

 
$
600,195

 
$
1,267,578

 
$
1,186,763

Europe
111,983

 
116,422

 
191,417

 
202,686

Other
55,202

 
44,768

 
97,525

 
112,759

 
$
772,299

 
$
761,385

 
$
1,556,520

 
$
1,502,208


The table below summarizes property and equipment based on asset location:
(In thousands)
June 30, 2019
 
December 31, 2018
Property and equipment, net
 
 
 
United States
$
223,938

 
$
202,833

Europe
25,871

 
27,218

Other
14,807

 
16,211

 
$
264,616

 
$
246,262