Segment Information [Text Block] | Segment Information The Company is comprised of two reportable segments: MSG Entertainment and MSG Sports. In determining its reportable segments, the Company assessed the guidance of FASB ASC 280-10-50-1, which provides the definition of a reportable segment. In accordance with the FASB guidance, the Company takes into account whether two or more operating segments can be aggregated together as one reportable segment as well as the type of discrete financial information that is available and regularly reviewed by its chief operating decision maker. The Company has evaluated this guidance and determined that there are two reportable segments. The Company allocates certain corporate costs and its performance venue operating expenses to each of its reportable segments. Allocated venue operating expenses include the non-event related costs of operating the Company’s venues, and include such costs as rent for the Company’s leased venues, real estate taxes, insurance, utilities, repairs and maintenance, and labor related to the overall management of the venues. Depreciation and amortization expense related to The Garden , The Theater at Madison Square Garden, the Forum, and certain corporate property, equipment and leasehold improvements not allocated to the reportable segments is reported in “ Corporate and Other .” Additionally, the Company does not allocate any purchase accounting adjustments to the reporting segments. The Company evaluates segment performance based on several factors, of which the key financial measure is their operating income (loss) before (i) depreciation, amortization and impairments of property and equipment and intangible assets, (ii) share-based compensation expense or benefit, (iii) restructuring charges or credits, and (iv) gains or losses on sales or dispositions of businesses, which is referred to as adjusted operating income (loss) , a non-GAAP measure. In addition to excluding the impact of the items discussed above, the impact of purchase accounting adjustments related to business acquisitions is also excluded in evaluating the Company’s consolidated adjusted operating income (loss) . The Company believes adjusted operating income (loss) is an appropriate measure for evaluating the operating performance of its business segments and the Company on a consolidated basis. Adjusted operating income (loss) and similar measures with similar titles are common performance measures used by investors and analysts to analyze the Company’s performance. The Company uses revenues and adjusted operating income (loss) measures as the most important indicators of its business performance, and evaluates management’s effectiveness with specific reference to these indicators. Adjusted operating income (loss) should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), cash flows from operating activities, and other measures of performance and/or liquidity presented in accordance with GAAP. The Company has presented the components that reconcile operating income (loss), the most directly comparable GAAP financial measure, to adjusted operating income (loss) . Information as to the operations of the Company’s reportable segments is set forth below. Three Months Ended December 31, 2017 MSG Entertainment MSG Sports Corporate and Other Purchase Total Revenues $ 271,216 $ 265,086 $ — $ — $ 536,302 Direct operating expenses 147,045 163,683 20 1,133 311,881 Selling, general and administrative expenses (a) 45,278 50,230 25,932 — 121,440 Depreciation and amortization (b) 4,362 1,849 19,589 4,744 30,544 Operating income (loss) $ 74,531 $ 49,324 $ (45,541 ) $ (5,877 ) $ 72,437 Loss in equity method investments (2,608 ) Interest income 5,378 Interest expense (3,798 ) Miscellaneous expense (e) (250 ) Income from operations before income taxes $ 71,159 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 74,531 $ 49,324 $ (45,541 ) $ (5,877 ) $ 72,437 Add back: Share-based compensation 3,051 3,905 6,956 — 13,912 Depreciation and amortization 4,362 1,849 19,589 4,744 30,544 Other purchase accounting adjustments — — — 1,133 1,133 Adjusted operating income (loss) $ 81,944 $ 55,078 $ (18,996 ) $ — $ 118,026 Other information: Capital expenditures (c) $ 3,407 $ 588 $ 104,150 $ — $ 108,145 Three Months Ended December 31, 2016 MSG Entertainment MSG Sports Corporate and Other Purchase Total Revenues $ 192,485 $ 252,665 $ — $ — $ 445,150 Direct operating expenses 106,464 160,209 — — 266,673 Selling, general and administrative expenses (a) 26,442 49,346 18,472 — 94,260 Depreciation and amortization (b) (d) 2,603 2,905 20,228 230 25,966 Operating income (loss) $ 56,976 $ 40,205 $ (38,700 ) $ (230 ) $ 58,251 Loss in equity method investments (1,188 ) Interest income 2,692 Interest expense (491 ) Miscellaneous income (e) 1,405 Income from operations before income taxes $ 60,669 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 56,976 $ 40,205 $ (38,700 ) $ (230 ) $ 58,251 Add back: Share-based compensation 4,076 4,100 3,567 — 11,743 Depreciation and amortization 2,603 2,905 20,228 230 25,966 Adjusted operating income (loss) $ 63,655 $ 47,210 $ (14,905 ) $ — $ 95,960 Other information: Capital expenditures $ 5,434 $ 693 $ 7,297 $ — $ 13,424 Six Months Ended December 31, 2017 MSG Entertainment MSG Sports Corporate and Other Purchase Total Revenues $ 435,497 $ 346,020 $ — $ — $ 781,517 Direct operating expenses 252,691 180,585 41 2,300 435,617 Selling, general and administrative expenses (a) 89,905 92,664 45,285 24 227,878 Depreciation and amortization (b) 8,523 3,755 39,889 8,923 61,090 Operating income (loss) $ 84,378 $ 69,016 $ (85,215 ) $ (11,247 ) $ 56,932 Earnings in equity method investments 2,117 Interest income 9,764 Interest expense (7,509 ) Miscellaneous expense (e) (250 ) Income from operations before income taxes $ 61,054 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 84,378 $ 69,016 $ (85,215 ) $ (11,247 ) $ 56,932 Add back: Share-based compensation 6,952 8,141 11,723 — 26,816 Depreciation and amortization 8,523 3,755 39,889 8,923 61,090 Other purchase accounting adjustments — — — 2,324 2,324 Adjusted operating income (loss) $ 99,853 $ 80,912 $ (33,603 ) $ — $ 147,162 Other information: Capital expenditures (c) $ 11,113 $ 1,559 $ 115,012 $ — $ 127,684 Six Months Ended December 31, 2016 MSG Entertainment MSG Sports Corporate and Other Purchase Total Revenues $ 303,183 $ 323,662 $ — $ — $ 626,845 Direct operating expenses 198,322 179,758 — — 378,080 Selling, general and administrative expenses (a) 49,882 88,859 32,540 — 171,281 Depreciation and amortization (b) (d) 5,059 5,523 41,034 460 52,076 Operating income (loss) $ 49,920 $ 49,522 $ (73,574 ) $ (460 ) $ 25,408 Loss in equity method investments (2,182 ) Interest income 5,091 Interest expense (901 ) Miscellaneous income (e) 1,405 Income from operations before income taxes $ 28,821 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 49,920 $ 49,522 $ (73,574 ) $ (460 ) $ 25,408 Add back: Share-based compensation 7,615 7,584 4,899 — 20,098 Depreciation and amortization 5,059 5,523 41,034 460 52,076 Adjusted operating income (loss) $ 62,594 $ 62,629 $ (27,641 ) $ — $ 97,582 Other information: Capital expenditures $ 6,794 $ 2,357 $ 12,615 $ — $ 21,766 _________________ (a) Corporate and Other ’s selling, general and administrative expenses primarily consist of unallocated corporate general and administrative costs. (b) Corporate and Other principally includes depreciation and amortization on The Garden, The Theater at Madison Square Garden, the Forum, and certain corporate property, equipment and leasehold improvement assets not allocated to the Company’s reportable segments. (c) Corporate and Other ’s capital expenditures for the three and six months ended December 31, 2017 are primarily associated with the purchase of land in London. See Note 7 for more information regarding this purchase. MSG Entertainment’s capital expenditures for the six months ended December 31, 2017 are primarily associated with certain investments with respect to Radio City Music Hall. (d) MSG Entertainment’s depreciation and amortization for the three and six months ended December 31, 2016 was reclassified to exclude the impact of purchase accounting adjustments related to the BCE acquisition. (e) Miscellaneous expense for the three and six months ended December 31, 2017 reflects a pre-tax non-cash impairment charge to write off the carrying value of one of the Company’s cost method investments. Miscellaneous income for the three and six months ended December 31, 2016 consists principally of the recovery of certain claims in connection with a third-party bankruptcy proceeding. Substantially all revenues and assets of the Company’s reportable segments are attributed to or located in the United States and are primarily concentrated in the New York metropolitan area. |