Avid 2000 Annual Report Download - page 58

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51
sales and transfers. The Company does not report segment assets as part of the assessment of segment performance, as
such, segment asset information is not available.
The following is a summary of the Companys operations by reportable segment (in thousands):
For the Year Ended December 31,
2000 1999 1998
Video and Film Editing and Effects:
Net revenues $353,647 $361,012 $412,374
Depreciation $16,219 $20,017 $20,290
Operating income (loss) ($11,671
)
($20,061
)
$37,818
Professional Audio:
Net revenues $122,443 $91,543 $70,003
Depreciation $1,174 $1,005 $1,373
Operating income (loss) $23,464 $19,771 $11,694
Combined Segments:
Net revenues $476,090
$452,555
$482,377
Depreciation $17,393 $21,022 $21,663
Operating income (loss) $11,793 ($290) $49,512
The following table reconciles income (loss) for reportable segments to total consolidated amounts for the years ended
December 31, 2000, 1999 and 1998 (in thousands):
2000 1999 1998
Total operating income (loss) for reportable segments $11,793 ($290) $49,512
Unallocated amounts:
Restructuring and other costs (14,469) (28,373)
Amortization of acquisition-related intangible assets (66,872) (79,879) (34,204)
Consolidated operating loss ($55,079) ($94,638) ($13,065)
The 2000 unallocated amount represents the amortization of acquired intangible assets, including goodwill, as described in
Note F. The 1999 unallocated amounts represent the charges for the 1999 restructuring actions, the loss on the sale of the
Companys Italian subsidiary and other personnel related severance costs as well as the amortization of acquired intangible
assets, including goodwill, as described in Notes F and M. The 1998 unallocated amounts represent the charge for in-
process research and development and the amortization of acquired intangible assets, including goodwill, associated with
the acquisition of Softimage as described in Note F.
The following table summarizes the Companys revenues and long-lived assets, excluding intangible assets and deferred tax
assets, by country (in thousands):
For the Year Ended December 31,
2000 1999 1998
Revenues
North America (U.S. and Canada) $232,664 $220,405 $244,476
Germany 38,347 46,454 43,825
United Kingdom 39,981 38,420 47,511
Other foreign countries 165,098 147,276 146,565
Total revenues $476,090 $452,555 $482,377