XML 52 R41.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Summary of Continuing Operations by Reportable Segment
(In thousands)Three Months Ended March 31, 2021
Domestic OperationsInternational
and Other
Corporate / Inter-segment
Eliminations
Consolidated
Revenues, net
Advertising$199,142 $21,571 $— $220,713 
Distribution and other374,827 99,596 (3,395)471,028 
Consolidated revenues, net$573,969 $121,167 $(3,395)$691,741 
Operating income (loss)$216,459 $(3,162)$(43,589)$169,708 
Share-based compensation expense5,639 1,231 6,576 13,446 
Depreciation and amortization13,373 4,949 6,924 25,246 
Impairment and other charges— 16,055 — 16,055 
Restructuring and other related charges 2,427 4,490 1,708 8,625 
Cloud computing amortization— — 264 264 
Majority-owned equity investees AOI4,635 — — 4,635 
Adjusted operating income$242,533 $23,563 $(28,117)$237,979 

(In thousands)Three Months Ended March 31, 2020
Domestic OperationsInternational
and Other
Corporate / Inter-segment
Eliminations
Consolidated
Revenues, net
Advertising$213,226 $19,364 $— 232,590 
Distribution and other398,667 105,464 (2,346)501,785 
Consolidated revenues, net$611,893 $124,828 $(2,346)$734,375 
Operating income (loss)$224,600 $4,361 $(55,991)172,970 
Share-based compensation expense2,724 609 12,179 15,512 
Depreciation and amortization10,951 8,896 6,883 26,730 
Restructuring and other related charges 1,482 3,977 507 5,966 
Majority-owned equity investees AOI1,276 — — 1,276 
Adjusted operating income$241,033 $17,843 $(36,422)$222,454 
Summary of Inter-Segment Eliminations Inter-segment eliminations are primarily licensing revenues recognized between the Domestic Operations and International and Other segments.
(In thousands)Three Months Ended March 31,
20212020
Inter-segment revenues
Domestic Operations$(670)$(1,361)
International and Other(2,725)(985)
$(3,395)$(2,346)
Schedule of Revenue by Geographic Area
The table below summarizes revenues based on customer location:
(In thousands)Three Months Ended March 31,
20212020
Revenues
United States$577,148 $624,993 
Europe82,036 72,479 
Other32,557 36,903 
$691,741 $734,375 
Schedule of Disclosure on Geographic Areas, Long-Lived Assets
The table below summarizes property and equipment based on asset location:
(In thousands)March 31, 2021December 31, 2020
Property and equipment, net
United States$209,374 $239,387 
Europe14,641 15,938 
Other710 720 
$224,725 $256,045