SEGMENT DATA

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

SEGMENT DATA

SEGMENT DATA

The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM, Americas outdoor advertising and International outdoor advertising.  Revenue and expenses earned and charged between segments are recorded at estimated fair value and eliminated in consolidation.  The iHM segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s events and national syndication businesses.  The Americas outdoor advertising segment consists of operations primarily in the United States, Canada and Latin America.  The International outdoor advertising segment primarily includes operations in Europe and Asia.  The Other category includes the Company’s media representation business as well as other general support services and initiatives that are ancillary to the Company’s other businesses.  Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions for each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expense.

The following table presents the Company's reportable segment results for the three and six months ended June 30, 2017 and 2016:

(In thousands)	iHM		Americas Outdoor		International Outdoor		Other		Corporate and other reconciling items			Eliminations			Consolidated
Three Months Ended June 30, 2017
Revenue	$	884,380	$	323,960	$	348,359	$	35,609	$	—		$	(1,940	)	$	1,590,368
Direct operating expenses	264,201		145,099		205,074		3		—			—			614,377
Selling, general and administrative expenses	298,842		54,763		71,135		23,580		—			(1,030		)	447,290
Corporate expenses	—		—		—		—		78,068			(910		)	77,158
Depreciation and amortization	58,820		45,359		31,590		3,835		8,191			—			147,795
Other operating income, net	—		—		—		—		6,916			—			6,916
Operating income (loss)	$	262,517	$	78,739	$	40,560	$	8,191	$	(79,343	)	$	—		$	310,664
Intersegment revenues	$	—	$	1,940	$	—	$	—	$	—		$	—		$	1,940
Capital expenditures	$	17,107	$	26,935	$	35,816	$	304	$	5,431		$	—		$	85,593
Share-based compensation expense	$	—	$	—	$	—	$	—	$	2,422		$	—		$	2,422
Three Months Ended June 30, 2016
Revenue	$	867,914	$	325,533	$	382,553	$	39,066	$	—		$	(594	)	$	1,614,472
Direct operating expenses	250,367		140,038		221,963		818		—			—			613,186
Selling, general and administrative expenses	271,719		57,831		77,736		27,889		—			(594		)	434,581
Corporate expenses	—		—		—		—		87,657			—			87,657
Depreciation and amortization	62,998		47,525		38,177		4,710		8,734			—			162,144
Other operating expense, net	—		—		—		—		(64,190		)	—			(64,190		)
Operating income (loss)	$	282,830	$	80,139	$	44,677	$	5,649	$	(160,581	)	$	—		$	252,714
Intersegment revenues	$	—	$	594	$	—	$	—	$	—		$	—		$	594
Capital expenditures	$	14,275	$	17,402	$	31,771	$	1,111	$	2,367		$	—		$	66,926
Share-based compensation expense	$	—	$	—	$	—	$	—	$	3,792		$	—		$	3,792

(In thousands)	iHM		Americas Outdoor		International Outdoor		Other		Corporate and other reconciling items			Eliminations			Consolidated
Six Months Ended June 30, 2017
Revenue	$	1,641,553	$	603,380	$	613,665	$	64,880	$	—		$	(3,788	)	$	2,919,690
Direct operating expenses	507,532		285,572		392,532		3		—			—			1,185,639
Selling, general and administrative expenses	606,993		110,849		130,823		51,221		—			(1,977		)	897,909
Corporate expenses	—		—		—		—		157,331			(1,811		)	155,520
Depreciation and amortization	116,857		90,654		62,263		7,204		16,923			—			293,901
Other operating income, net	—		—		—		—		38,000			—			38,000
Operating income (loss)	$	410,171	$	116,305	$	28,047	$	6,452	$	(136,254	)	$	—		$	424,721
Intersegment revenues	$	—	$	3,788	$	—	$	—	$	—		$	—		$	3,788
Capital expenditures	$	30,344	$	41,039	$	57,640	$	367	$	7,230		$	—		$	136,620
Share-based compensation expense	$	—	$	—	$	—	$	—	$	5,481		$	—		$	5,481
Six Months Ended June 30, 2016
Revenue	$	1,606,800	$	608,061	$	689,039	$	73,249	$	—		$	(879	)	$	2,976,270
Direct operating expenses	474,429		278,050		425,938		1,433		—			—			1,179,850
Selling, general and administrative expenses	543,732		113,160		149,208		54,928		—			(879		)	860,149
Corporate expenses	—		—		—		—		165,516			—			165,516
Depreciation and amortization	121,815		93,641		76,057		8,326		17,761			—			317,600
Other operating income, net	—		—		—		—		220,273			—			220,273
Operating income (loss)	$	466,824	$	123,210	$	37,836	$	8,562	$	36,996		$	—		$	673,428
Intersegment revenues	$	—	$	879	$	—	$	—	$	—		$	—		$	879
Capital expenditures	$	23,065	$	28,694	$	66,684	$	1,176	$	4,086		$	—		$	123,705
Share-based compensation expense	$	—	$	—	$	—	$	—	$	6,866		$	—		$	6,866