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Business Segments
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Business Segments
Business Segments
We manage our operations on an individual park location basis. Discrete financial information is maintained for each park and provided to our corporate management for review and as a basis for decision making. The primary performance measures used to allocate resources are park earnings before interest, tax expense, depreciation and amortization (Park EBITDA) and Park Free Cash Flow (Park EBITDA less park capital expenditures). All of our parks provide similar products and services through a similar process to the same class of customer through a consistent method. We also believe that the parks share common economic characteristics. As such, we have only one reportable segment—theme parks.
The following table presents segment financial information and a reconciliation of the primary segment performance measure to income from continuing operations before income taxes. Park level expenses exclude all non-cash operating expenses, principally depreciation and amortization and all non-operating expenses.
 
Year Ended December 31,
(Amounts in thousands)
2013
 
2012
 
2011
Theme park revenues
$
1,109,930

 
$
1,070,332

 
$
1,013,174

Theme park cash expenses
(625,880
)
 
(610,010
)
 
(594,047
)
Aggregate park EBITDA
484,050

 
460,322

 
419,127

Equity in income of investee—EBITDA
—

 
5,520

 
10,027

Corporate expenses
(40,449
)
 
(44,838
)
 
(41,911
)
Stock-based compensation
(27,034
)
 
(62,875
)
 
(54,261
)
Other expense, net
(1,234
)
 
(612
)
 
(73
)
Loss on disposal of assets
(8,579
)
 
(8,105
)
 
(7,615
)
Gain on sale of investee
—

 
67,319

 
—

Loss on debt extinguishment
(789
)
 
(587
)
 
(46,520
)
Restructure recovery (costs)
—

 
47

 
(25,086
)
Reorganization items, net
180

 
(2,168
)
 
(2,455
)
Equity in loss of investee—depreciation and other expense
—

 
(7,742
)
 
(13,138
)
Depreciation and amortization
(128,075
)
 
(148,045
)
 
(168,999
)
Interest expense
(75,044
)
 
(47,444
)
 
(66,214
)
Interest income
899

 
820

 
997

Income from continuing operations before reorganization items and income taxes
$
203,925

 
$
211,612

 
$
3,879


All of our parks are located in the United States with the exception of one park in Mexico City, Mexico and one park in Montreal, Canada. The following information reflects our long-lived assets (which consists of property and equipment and intangible assets), revenues and income (loss) from continuing operations by domestic and foreign categories as of and for the years ended December 31, 2013, 2012 and 2011:
(Amounts in thousands)
Domestic
 
Foreign
 
Total
As of and for the year ended December 31, 2013
 
 
 
 
 
Long-lived assets
$
2,119,529

 
$
104,515

 
$
2,224,044

Revenues
989,509

 
120,421

 
1,109,930

Income from continuing operations before income taxes
182,736

 
21,189

 
203,925

As of and for the year ended December 31, 2012
 
 
 
 
 
Long-lived assets
$
2,151,771

 
$
109,671

 
$
2,261,442

Revenues
956,732

 
113,600

 
1,070,332

Income from continuing operations before income taxes
193,028

 
18,584

 
211,612

As of and for the year ended December 31, 2011
 
 
 
 
 
Long-lived assets
$
2,209,597

 
$
105,036

 
$
2,314,633

Revenues
904,453

 
108,721

 
1,013,174

(Loss) income from continuing operations before income taxes
(14,478
)
 
18,357

 
3,879