Annual report pursuant to Section 13 and 15(d)

Segment Information (Adjusted EBITDA To Operating Income (Loss) And Consolidated Net Income) (Details)

v2.4.0.6
Segment Information (Adjusted EBITDA To Operating Income (Loss) And Consolidated Net Income) (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Segment Reporting Information [Line Items]                      
Adjusted EBITDA                 $ 324,277 $ 302,758 $ 258,853
Stock-based compensation expense                 (19,056) (26,401) (21,232)
Depreciation and amortization                 (38,005) (35,822) (37,546)
Sales tax settlement   (7,800)             (7,750)    
Loss on disposition of fixed assets                 (722) (1,493) (1,272)
Operating income 92,832 [1],[2] 49,312 [3] 65,342 [4] 51,259 86,228 [1],[2] 49,248 [3] 60,718 [4] 42,848 258,744 239,042 198,803
Total other expense, net                 (38,874) (31,284) (32,185)
Income from continuing operations before income taxes                 219,870 207,758 166,618
Income tax provision                 (83,373) (80,106) (66,177)
Income from continuing operations 56,041 [1],[2] 17,558 [3] 35,611 [4] 27,288 48,167 [1],[2] 25,628 [3] 32,557 [4] 21,300 136,497 127,652 100,441
Loss from discounted operations, net of tax 32 [1],[2] 128 [3] (4,864) [4] (1,118) (1,649) [1],[2] (1,324) [3] (590) [4] (1,019) (5,822) (4,582) (1,918)
Net income 56,073 [1],[2] 17,686 [3] 30,747 [4] 26,170 46,518 [1],[2] 24,304 [3] 31,967 [4] 20,281 130,675 123,070 98,523
HSN [Member]
                      
Segment Reporting Information [Line Items]                      
Adjusted EBITDA                 250,836 235,163 213,613
Stock-based compensation expense                 (11,167) (13,101) (13,507)
Depreciation and amortization                 (26,486) (27,652) (30,184)
Sales tax settlement                 0    
Loss on disposition of fixed assets                 (680) (1,482) (1,198)
Operating income                 212,503 192,928 168,724
Cornerstone [Member]
                      
Segment Reporting Information [Line Items]                      
Adjusted EBITDA                 73,441 67,595 45,240
Stock-based compensation expense                 (7,889) (13,300) (7,725)
Depreciation and amortization                 (11,519) (8,170) (7,362)
Sales tax settlement                 (7,750)    
Loss on disposition of fixed assets                 (42) (11) (74)
Operating income                 $ 46,241 $ 46,114 $ 30,079
[1] The fourth quarter of 2011 includes $3.0 million of asset impairment charges, and a related $1.1 million tax benefit, related to indefinite-lived intangible assets and long-lived assets of The Territory Ahead, and is included in the line item "Loss from discontinued operations, net of tax." These charges decreased diluted earnings per share by $0.03.
[2] Cornerstone has a 4-4-5 week accounting cycle with the fiscal year ending on the Saturday on or immediately preceding December 31. The fourth quarter of 2011 included an extra week compared to the other quarters in 2012 and 2011.
[3] The third quarter of 2012 includes a sales tax settlement of $7.8 million, or $4.8 million net of taxes, and costs associated with the redemption of Senior Notes of $18.3 million, or $11.4 million net of taxes. These charges decreased diluted earnings per share by $0.28.
[4] The second quarter of 2012 includes a loss of $6.0 million, or $3.8 million net of taxes, related to the sales of Smith+Noble and The Territory Ahead, two brands formerly included in the Cornerstone portfolio, and is included in the line item "Loss from discontinued operations, net of tax." This loss decreased diluted earnings per share by $0.06.