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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Selected Financial Data for the Company's Business Segment Information

Selected financial data for the Company’s business segment information is as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(dollars in millions)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

241.0

 

 

$

248.5

 

 

$

724.5

 

 

$

749.3

 

IT Services and Hardware

 

 

155.2

 

 

 

140.5

 

 

 

444.5

 

 

 

417.0

 

Intersegment

 

 

(6.7

)

 

 

(6.5

)

 

 

(19.5

)

 

 

(20.0

)

Total revenue

 

$

389.5

 

 

$

382.5

 

 

$

1,149.5

 

 

$

1,146.3

 

Intersegment revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

4.9

 

 

$

5.3

 

 

$

14.8

 

 

$

16.5

 

IT Services and Hardware

 

 

1.8

 

 

 

1.2

 

 

 

4.7

 

 

 

3.5

 

Total intersegment revenue

 

$

6.7

 

 

$

6.5

 

 

$

19.5

 

 

$

20.0

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

27.2

 

 

$

27.7

 

 

$

69.8

 

 

$

81.2

 

IT Services and Hardware

 

 

4.6

 

 

 

0.6

 

 

 

11.5

 

 

 

(5.1

)

Corporate

 

 

(7.1

)

 

 

(5.5

)

 

 

(49.1

)

 

 

(18.3

)

Total operating income

 

$

24.7

 

 

$

22.8

 

 

$

32.2

 

 

$

57.8

 

Expenditures for long-lived assets *

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

57.6

 

 

$

51.3

 

 

$

144.2

 

 

$

150.3

 

IT Services and Hardware

 

 

3.9

 

 

 

5.4

 

 

 

16.7

 

 

 

16.9

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

0.1

 

Total expenditures for long-lived assets

 

$

61.5

 

 

$

56.7

 

 

$

160.9

 

 

$

167.3

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

61.6

 

 

$

64.4

 

 

$

190.0

 

 

$

190.5

 

IT Services and Hardware

 

 

10.2

 

 

 

11.1

 

 

 

30.7

 

 

 

38.5

 

Corporate

 

 

0.1

 

 

 

 

 

 

0.1

 

 

 

0.1

 

Total depreciation and amortization

 

$

71.9

 

 

$

75.5

 

 

$

220.8

 

 

$

229.1

 

 

*Includes deposit for the purchase of wireless licenses

 

(dollars in millions)

 

September 30,

2020

 

 

December 31,

2019

 

Assets

 

 

 

 

 

 

 

 

Entertainment and Communications

 

$

1,788.0

 

 

$

1,840.0

 

IT Services and Hardware

 

 

447.5

 

 

 

500.7

 

Corporate and eliminations

 

 

328.3

 

 

 

313.1

 

Total assets

 

$

2,563.8

 

 

$

2,653.8