Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.4.0.3
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2016
Segment Reporting Information, Profit (Loss) [Abstract]  
Adjusted EBITDA To Operating Income (Loss) And Consolidated Net Income
The following tables reconcile Adjusted EBITDA to operating income for HSNi’s operating segments and to HSNi’s consolidated net income (in thousands):
 
Three Months Ended March 31, 2016
 
Three Months Ended March 31, 2015
 
HSN
 
Cornerstone
 
Total
 
HSN
 
Cornerstone
 
Total
Adjusted EBITDA
$
60,690

 
$
5,042

 
$
65,732

 
$
66,190

 
$
6,961

 
$
73,151

Stock-based compensation expense
(4,039
)
 
(1,337
)
 
(5,376
)
 
(3,607
)
 
(1,050
)
 
(4,657
)
Depreciation and amortization
(7,003
)
 
(3,522
)
 
(10,525
)
 
(7,419
)
 
(3,830
)
 
(11,249
)
Loss on disposition of fixed assets
(3
)
 
1

 
(2
)
 
(236
)
 
—

 
(236
)
Operating income
$
49,645

 
$
184

 
49,829

 
$
54,928

 
$
2,081

 
57,009

Total other expense, net
 
 
 
 
(4,147
)
 
 
 
 
 
(3,297
)
Income before income taxes
 
 
 
 
45,682

 
 
 
 
 
53,712

Income tax provision
 
 
 
 
(17,097
)
 
 
 
 
 
(20,023
)
Net income
 
 
 
 
$
28,585

 
 
 
 
 
$
33,689

 
 
 
 
 
 
 
 
 
 
 
 
Financial Information By Segment
The net sales for each of HSNi's reportable segments are as follows (in thousands):
 
 
Three Months Ended March 31,
 
 
2016
 
2015
Net sales:
 
 
 
 
HSN
 
$
578,383

 
$
600,492

Cornerstone
 
238,382

 
241,395

Total
 
$
816,765

 
$
841,887