XML 72 R59.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information (Details 1)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
reportable_segment
Jun. 30, 2021
USD ($)
Segment Reporting Information [Line Items]        
Number of reportable segments | reportable_segment     3  
Revenues $ 672,913 $ 209,560 $ 1,315,816 $ 390,802
Adjusted EBITDA 111,319 38,718 212,731 62,560
Depreciation, Depletion and Amortization, Nonproduction (32,231) (10,381) (63,435) (21,331)
Asset Impairment Charges (2,266) 0 (2,823) 0
Stock-based compensation (13,131) 0 (21,152) 0
Deferred Acquisition Consideration Expense (Income) (13,472) (2,098) (15,369) (6,034)
Other items, net (1,887) (1,808) (6,960) (4,749)
Operating income 48,332 24,431 102,992 30,446
Interest and Debt Expense (18,151) (1,935) (36,880) (3,286)
Foreign exchange, net 70 (385) (236) (1,062)
Other Nonoperating Income (Expense) (121) (101) 35 1,184
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 30,130 22,010 65,911 27,282
Income tax expense 5,421 3,348 8,610 4,021
Income Loss From Continuing Operations Before Equity In Earnings Of Non-consolidated Affiliates 24,709 18,662 57,301 23,261
Income (Loss) from Equity Method Investments (190) (3) 840 1
Net income 24,519 18,659 58,141 23,262
Net Income (Loss) Attributable to Noncontrolling Interest (14,056) (1,314) (35,003) (1,552)
Net Income (Loss) Attributable to Parent 10,463 17,345 23,138 21,710
Operating Segments | Integrated Agencies Network        
Segment Reporting Information [Line Items]        
Revenues 378,168 81,639 728,639 150,587
Adjusted EBITDA 70,307 19,755 139,696 34,251
Depreciation, Depletion and Amortization, Nonproduction 18,010 2,691 36,890 5,293
Stock-based compensation (4,663) 0 (9,736) 0
Operating Segments | Media Network        
Segment Reporting Information [Line Items]        
Revenues 194,296 70,560 392,083 134,283
Adjusted EBITDA 33,699 9,129 64,947 12,821
Depreciation, Depletion and Amortization, Nonproduction 8,643 5,313 16,839 10,572
Stock-based compensation (4,969) 0 (6,229) 0
Operating Segments | Communications Network        
Segment Reporting Information [Line Items]        
Revenues 97,770 47,738 189,305 90,446
Adjusted EBITDA 17,231 9,962 33,168 17,936
Depreciation, Depletion and Amortization, Nonproduction 2,524 1,395 5,064 2,977
Stock-based compensation (649) 0 (406) 0
Operating Segments | All Other        
Segment Reporting Information [Line Items]        
Revenues 2,679 9,623 5,789 15,486
Adjusted EBITDA (485) 298 (609) (1,313)
Depreciation, Depletion and Amortization, Nonproduction 750 496 1,251 1,518
Stock-based compensation 0 0 (8) 0
Corporate, Non-Segment        
Segment Reporting Information [Line Items]        
Adjusted EBITDA (9,433) (426) (24,471) (1,135)
Depreciation, Depletion and Amortization, Nonproduction 2,304 486 3,391 971
Stock-based compensation $ (2,850) $ 0 $ (4,773) $ 0