Annual report pursuant to Section 13 and 15(d)

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

v2.4.0.8
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, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Segment Reporting Information [Line Items]                      
Adjusted EBITDA                 $ 337,866 $ 324,277 $ 302,758
Stock-based compensation expense                 (14,043) (19,056) (26,401)
Depreciation and amortization                 (40,589) (38,005) (35,822)
Assets impairment                 (3,040) 0 0
Fair value adjustment to contingent consideration obligation                 3,600    
Sales tax settlement                   (7,750)  
Loss on disposition of fixed assets                 (1,140) (722) (1,493)
Operating income 97,752 [1],[2] 61,085 [3] 71,299 [4] 52,518 92,832 [1],[2] 49,312 [3] 65,342 [4] 51,259 282,654 258,744 239,042
Total other expense, net                 (6,513) (38,874) (31,284)
Income from continuing operations before income taxes                 276,141 219,870 207,758
Income tax provision                 (97,692) (83,373) (80,106)
Income from continuing operations 61,573 [1],[2] 42,052 [3] 43,271 [4] 31,553 56,041 [1],[2] 17,558 [3] 35,611 [4] 27,288 178,449 136,497 127,652
Loss from discontinued operations, net of tax 0 [1],[2] 0 [3] 9 [4] (9) 32 [1],[2] 128 [3] (4,864) [4] (1,118) 0 (5,822) (4,582)
Net income 61,573 [1],[2] 42,052 [3] 43,280 [4] 31,544 56,073 [1],[2] 17,686 [3] 30,747 [4] 26,170 178,449 130,675 123,070
HSN [Member]
                      
Segment Reporting Information [Line Items]                      
Adjusted EBITDA                 261,292 250,836 235,163
Stock-based compensation expense                 (10,657) (11,167) (13,101)
Depreciation and amortization                 (28,372) (26,486) (27,652)
Assets impairment                 0    
Fair value adjustment to contingent consideration obligation                 0    
Sales tax settlement                   0  
Loss on disposition of fixed assets                 (1,079) (680) (1,482)
Operating income                 221,184 212,503 192,928
Cornerstone [Member]
                      
Segment Reporting Information [Line Items]                      
Adjusted EBITDA                 76,574 73,441 67,595
Stock-based compensation expense                 (3,386) (7,889) (13,300)
Depreciation and amortization                 (12,217) (11,519) (8,170)
Assets impairment                 (3,040)    
Fair value adjustment to contingent consideration obligation                 3,600    
Sales tax settlement                   (7,750)  
Loss on disposition of fixed assets                 (61) (42) (11)
Operating income                 $ 61,470 $ 46,241 $ 46,114
[1] b)The third quarter of 2013 includes discrete tax benefits of $3.7 million which increased diluted earnings per share by $0.07.
[2] The fourth quarter of 2013 includes a $3.6 million reduction to a previously recorded contingent consideration obligation and a $3.0 million impairment charge of intangible assets related to a 2012 acquisition resulting in a net expense reduction of $0.6 million, or $1.7 million net of taxes. These fair value adjustments increased diluted earnings per share by $0.03.
[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) income from discontinued operations, net of tax." This loss decreased diluted earnings per share by $0.06.