XML 37 R19.htm IDEA: XBRL DOCUMENT v3.6.0.2
Business operations and segment information
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Business operations and segment information
Business operations and segment information
We classify our operations into two reportable segments: Media: consisting of 46 television stations operating in 38 markets, offering high-quality television programming and digital content; and Digital: primarily consisting of our Cars.com and CareerBuilder business units which operate in the automotive and human capital solutions industries. Our reportable segments have been determined based on management and internal reporting structure, the nature of products and services offered by the businesses within the segments, and the financial information that is evaluated regularly by our chief operating decision maker.
The Digital Segment and the digital revenues line exclude online/digital revenues generated by digital platforms that are associated with our Media Segment’s operating properties as such amounts are reflected in the Media Segment.
We generate most of our sales from work performed in the U.S. Our Digital Segment, principally from the CareerBuilder business unit, also generates sales from international operations. International sales totaled approximately $79.0 million in 2016, $76.0 million in 2015 and $75.8 million in 2014. Our long-lived assets in international countries totaled approximately $192.6 million at December 31, 2016, and $213.8 million at December 31, 2015.
Separate financial data for each of our business segments is presented in the table that follows. The accounting policies of the segments are those described in Note 1. We evaluate the performance of our segments based on operating income. Operating income represents total revenue less operating expenses, including depreciation, amortization of intangibles and asset impairment and facility consolidation charges. Operating income by reportable segment does not include general corporate expenses, interest expense, interest income, and other income and expense items of a non-operating nature, as the effects of these items are not considered as part of management’s evaluation of the segment’s operating performance.
Corporate assets primarily include cash and cash equivalents, property and equipment used for corporate purposes and certain other financial investments.
Business segment financial information
In thousands of dollars
 
2016
2015
2014
Operating revenues
Media
$
1,933,579

$
1,682,144

$
1,691,866

Digital
1,407,619

1,368,801

934,275

Total
$
3,341,198

$
3,050,945

$
2,626,141

Operating income
Media (2)
$
806,411

$
714,237

$
747,020

Digital (2)
230,121

229,386

119,908

Corporate (1) (2)
(64,458
)
(68,418
)
(71,256
)
Net gain on sale of corporate building
—

89,892

—

Unallocated (4)
—

(51,939
)
(88,173
)
Total
$
972,074

$
913,158

$
707,499

Depreciation, amortization, asset impairment and facility consolidation charges (gains)
Media (2)
$
82,639

$
81,665

$
94,129

Digital (2)
150,382

146,907

91,967

Corporate (1) (2)
3,599

(82,342
)
10,702

Total
$
236,620

$
146,230

$
196,798

Equity (losses) income in unconsolidated investments, net
Media
$
(3,906
)
$
(2,794
)
$
(1,667
)
Digital
(2,322
)
(2,151
)
154,370

Corporate
(942
)
(119
)
(1,241
)
Total
$
(7,170
)
$
(5,064
)
$
151,462

Capital expenditures
Media
$
39,136

$
52,141

$
42,147

Digital
54,017

44,903

38,549

Corporate (1)
1,643

790

1,556

Total
$
94,796

$
97,834

$
82,252

Identifiable assets
 
Media
$
4,786,050

$
4,799,375

 
Digital
3,649,347

3,529,124

 
Corporate (1)
107,328

170,194

 
Total (3)
$
8,542,725

$
8,498,693

 
(1)
Corporate amounts represent those not directly related to our two business segments.
(2)
Operating income for Media and Digital Segments includes pre-tax net asset impairment and facility consolidation charges (gains) for each year presented. See Note 12.
(3)
Total of business segment identifiable assets exclude assets recorded in discontinued operations on the consolidated balance sheets of $7.3 million at Dec. 31, 2015.
(4)
Unallocated expenses represent certain expenses that historically were allocated to the former Publishing Segment but that could not be allocated to discontinued operations as they were not clearly and specifically identifiable to the spun-off businesses.