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 ’s 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 Hulu 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 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) . Because it is based upon operating income (loss), adjusted operating income (loss) also excludes interest expense (including cash interest expense) and other non-operating income and expense items. Management believes that the exclusion of share-based compensation expense or benefit allows investors to better track the performance of the various operating units of the Company's business without regard to the settlement of an obligation that is not expected to be made in cash. 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. Since adjusted operating income (loss) is not a measure of performance calculated in accordance with GAAP, this measure may not be comparable to similar measures with similar titles used by other companies. 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 March 31, 2018 MSG Entertainment MSG Sports Corporate and Other Purchase Inter-segment eliminations Total Revenues $ 159,586 $ 300,148 $ — $ — $ (113 ) $ 459,621 Direct operating expenses 102,356 196,276 — 1,187 (113 ) 299,706 Selling, general and administrative expenses (a) 50,466 49,050 22,513 125 — 122,154 Depreciation and amortization (b) 4,686 1,789 19,065 4,889 — 30,429 Operating income (loss) $ 2,078 $ 53,033 $ (41,578 ) $ (6,201 ) $ — $ 7,332 Loss in equity method investments (678 ) Interest income 5,224 Interest expense (3,965 ) Miscellaneous income 553 Income from operations before income taxes $ 8,466 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 2,078 $ 53,033 $ (41,578 ) $ (6,201 ) $ — $ 7,332 Add back: Share-based compensation 2,681 3,733 3,662 — — 10,076 Depreciation and amortization 4,686 1,789 19,065 4,889 — 30,429 Other purchase accounting adjustments — — — 1,312 — 1,312 Adjusted operating income (loss) $ 9,445 $ 58,555 $ (18,851 ) $ — $ — $ 49,149 Other information: Capital expenditures $ 9,302 $ 1,479 $ 20,648 $ — $ — $ 31,429 Three Months Ended March 31, 2017 MSG Entertainment MSG Sports Corporate and Other Purchase Total Revenues $ 77,348 $ 308,685 $ — $ — $ 386,033 Direct operating expenses 55,624 197,084 — — 252,708 Selling, general and administrative expenses (a) 26,540 49,099 24,445 — 100,084 Depreciation and amortization (b) (c) 2,659 2,652 21,005 219 26,535 Operating income (loss) $ (7,475 ) $ 59,850 $ (45,450 ) $ (219 ) $ 6,706 Loss in equity method investments (26,319 ) Interest income 3,005 Interest expense (831 ) Miscellaneous income 36 Loss from operations before income taxes $ (17,403 ) Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ (7,475 ) $ 59,850 $ (45,450 ) $ (219 ) $ 6,706 Add back: Share-based compensation 3,345 3,388 3,634 — 10,367 Depreciation and amortization 2,659 2,652 21,005 219 26,535 Adjusted operating income (loss) $ (1,471 ) $ 65,890 $ (20,811 ) $ — $ 43,608 Other information: Capital expenditures $ 983 $ 490 $ 8,523 $ — $ 9,996 Nine Months Ended March 31, 2018 MSG Entertainment MSG Sports Corporate and Other Purchase Inter-segment eliminations Total Revenues $ 595,083 $ 646,168 $ — $ — $ (113 ) $ 1,241,138 Direct operating expenses 355,047 377,787 41 3,487 (113 ) 736,249 Selling, general and administrative expenses (a) 140,371 140,788 67,798 149 — 349,106 Depreciation and amortization (b) 13,209 5,544 58,954 13,812 — 91,519 Operating income (loss) $ 86,456 $ 122,049 $ (126,793 ) $ (17,448 ) $ — $ 64,264 Earnings in equity method investments 1,439 Interest income 14,988 Interest expense (11,474 ) Miscellaneous income 303 Income from operations before income taxes $ 69,520 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 86,456 $ 122,049 $ (126,793 ) $ (17,448 ) $ — $ 64,264 Add back: Share-based compensation 9,633 11,874 15,385 — — 36,892 Depreciation and amortization 13,209 5,544 58,954 13,812 — 91,519 Other purchase accounting adjustments — — — 3,636 — 3,636 Adjusted operating income (loss) $ 109,298 $ 139,467 $ (52,454 ) $ — $ — $ 196,311 Other information: Capital expenditures (d) $ 20,415 $ 3,038 $ 135,660 $ — $ — $ 159,113 Nine Months Ended March 31, 2017 MSG Entertainment MSG Sports Corporate and Other Purchase Total Revenues $ 380,531 $ 632,347 $ — $ — $ 1,012,878 Direct operating expenses 253,946 376,842 — — 630,788 Selling, general and administrative expenses (a) 76,422 137,958 56,985 — 271,365 Depreciation and amortization (b) (c) 7,718 8,175 62,039 679 78,611 Operating income (loss) $ 42,445 $ 109,372 $ (119,024 ) $ (679 ) $ 32,114 Loss in equity method investments (28,501 ) Interest income 8,096 Interest expense (1,732 ) Miscellaneous income (e) 1,441 Income from operations before income taxes $ 11,418 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 42,445 $ 109,372 $ (119,024 ) $ (679 ) $ 32,114 Add back: Share-based compensation 10,960 10,972 8,533 — 30,465 Depreciation and amortization 7,718 8,175 62,039 679 78,611 Adjusted operating income (loss) $ 61,123 $ 128,519 $ (48,452 ) $ — $ 141,190 Other information: Capital expenditures $ 7,777 $ 2,847 $ 21,138 $ — $ 31,762 _________________ (a) Corporate and Other ’s selling, general and administrative expenses primarily consist of unallocated corporate general and administrative costs, including expenses associated with the Company's business development initiatives. (b) Corporate and Other principally includes depreciation and amortization on The Garden, The Hulu 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) MSG Entertainment’s depreciation and amortization for the three and nine months ended March 31, 2017 was reclassified to exclude the impact of purchase accounting adjustments related to the BCE acquisition. (d) Corporate and Other ’s capital expenditures for the nine months ended March 31, 2018 are primarily associated with the purchase of land in London and costs incurred in developing the Company’s new venues in Las Vegas and London. See Note 7 for more information regarding the land purchase. MSG Entertainment’s capital expenditures for the nine months ended March 31, 2018 are primarily associated with certain investments with respect to Radio City Music Hall and capital expenditures made by TAO Group. (e) Miscellaneous income for the nine months ended March 31, 2017 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. |