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Segment Data (Tables)
3 Months Ended
Mar. 31, 2016
Schedule of Operating Segment Results
During the first quarter of 2016, the Company revised its segment reporting as discussed in Note 1. The following table presents the Company's reportable segment results for the three months ended March 31, 2016 and 2015:
(In thousands)iHMAmericas Outdoor AdvertisingInternational Outdoor AdvertisingOtherCorporate and other reconciling itemsEliminationsConsolidated
Three Months Ended March 31, 2016
Revenue$738,886$282,528$308,193$34,183$-$(285)$1,363,505
Direct operating expenses224,062138,012205,682615--568,371
Selling, general and administrative expenses272,01355,32971,47227,039-(285)425,568
Depreciation and amortization58,81746,11637,8803,6169,027-155,456
Corporate expenses----77,879-77,879
Other operating income, net----284,463-284,463
Operating income (loss)$183,994$43,071$(6,841)$2,913$197,557$-$420,694
Intersegment revenues$-$285$-$-$-$-$285
Capital expenditures$8,790$11,292$34,913$65$1,719$-$56,779
Share-based compensation expense$-$-$-$-$3,094$-$3,094
Three Months Ended March 31, 2015
Revenue$697,801$295,863$319,180$32,821$-$(1,101)$1,344,564
Direct operating expenses213,829146,234216,737892--577,692
Selling, general and administrative expenses261,08055,63771,49329,772-(1,101)416,881
Depreciation and amortization60,73550,34042,4416,32310,614-170,453
Corporate expenses----77,422-77,422
Other operating expense, net----(8,974)-(8,974)
Operating income (loss)$162,157$43,652$(11,491)$(4,166)$(97,010)$-$93,142
Intersegment revenues$-$1,101$-$-$-$-$1,101
Capital expenditures$12,818$16,695$25,105$146$1,691$-$56,455
Share-based compensation expense$-$-$-$-$2,524$-$2,524