10-Q/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q/A

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: June 30, 2019

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file no.1-33741

A. H. Belo Corporation

(Exact name of registrant as specified in its charter)

Texas	38-3765318
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
P. O. Box 224866, Dallas, Texas 75222-4866	(214) 977-8222
(Address of principal executive offices, including zip code)	(Registrant’s telephone number, including area code)
Former name, former address and former fiscal year, if changed since last report.
None

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Series A Common Stock, $.01 par value	AHC	New York Stock Exchange

Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes ☑     No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     Yes☑     No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.:

Large accelerated filer:  ☐ Accelerated filer:  ☑ Non-accelerated filer:  ☐ Smaller reporting company:  ☑ Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).      Yes ☐     No ☑

Shares of Common Stock outstanding at July 25, 2019: 21,463,653 shares (consisting of 18,994,145 shares of Series A Common Stock and 2,469,508 shares of Series B Common Stock).

Explanatory Note

This Amendment No. 1 on Form 10-Q/A (the “Form 10-Q/A”) is being filed to amend A. H. Belo Corporation’s (the “Company”) Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 29, 2019, for the quarter ended June 30, 2019 (the “original Form 10-Q”).

On March 18, 2020, the Company filed an Amendment No. 1 on Form 10-K/A (the “Form 10-K/A”) to amend the Form 10-K filed with the Securities and Exchange Commission on March 14, 2019, for the fiscal year ended December 31, 2018. The Form 10-K/A was filed in order to reflect the appropriate timing of the noncash impairment charge for goodwill and long-lived assets associated with the Company’s Marketing Services reporting unit and the appropriate methodology for calculation of the valuation allowance within the tax provision for 2018. In addition, on March 27, 2020, the Company filed an Amendment No. 1 on Form 10-Q/A to amend the Form 10-Q filed with the Securities and Exchange Commission on April 29, 2019, for the quarter ended March 31, 2019.

This Form 10-Q/A amends theConsolidated Balance Sheet as of June 30, 2019,  related to the corrections disclosed in the December 31, 2018 Form 10-K/A. In connection with the restatement, the Company re-calculated the income tax provision for the three and six months ended June 30, 2019. The Company determined using an estimated annual effective tax rate to calculate the income tax expense or benefit for 2019 interim periods was appropriate, compared to the discrete year-to-date calculation of income tax expense or benefit used in prior interim periods and in the original Form 10-Q. The Consolidated Statements of Operationsfor the three and six months ended June 30, 2019, were restated to reflect the re-calculated income tax provision primarily resulting from using an estimated annual effective tax rate, a reduction in other income, net for additional interest expense related to uncertain tax positions, and the reversal of amortization expense related to the Marketing Services long-lived assets impairment disclosed in the Form 10-K/A. The use of an estimated annual effective tax rate in determining the income tax provision and a correction to the calculation of uncertain tax positions resulted in adjustments to other accrued expense, deferred income taxes, net, and other liabilities in the Consolidated Balance Sheet as of June 30, 2019.

In addition, in the third quarter of 2019, the Company determined that a new line of business associated with its acquisition of Cubic Creative, Inc. on April 1, 2019, where the Company acted as an agent was incorrectly accounted for in the original Form 10-Q.In the three and six months ended June 30, 2019, revenue and expense were immaterially overstated by the same amount, resulting in no impact to operating income (loss), net income (loss), retained earnings or earnings per share. The Company corrected this error and the restated Consolidated Statements of Operations for the three and six months ended June 30, 2019, reflect the revised amounts. See the Notes to the Consolidated Financial Statements,  Note 2 – Restatement of Financial Statements,  for additional information.

In connection with the identification of these issues that led to the restatements described in this Form 10-Q/A, management of the Company re-evaluated the effectiveness of the Company’s disclosure controls and procedures as of the end of the period covered by this report. As a result, management concluded that as of the end of the period covered by this report, due to material weaknesses in internal control over financial reporting described in Management’s Report on Internal Control Over Financial Reporting in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2018, the Company’s disclosure controls and procedures were not effective. See Part I, Item 4.

Except for the items noted herein, no other changes have been made to the original Form 10-Q.  This Form 10-Q/A has not been updated for events occurring after the filing of the original Form 10-Q and no attempt has been made in this Form 10-Q/A to modify or update other disclosures as presented in the original filing of the Form 10-Q, except as disclosed in Note 15 – Subsequent Events and Part II, Item 1A. Risk Factors. The following sections have been amended as a result of the restatement:

· Part I, Item 1. Financial Information

· Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

· Part I, Item 4. Controls and Procedures

No other significant changes have been made to the original Form 10-Q except:

· The updating throughout this report of references to Form 10-Q to Form 10-Q/A

· The re-numbering throughout this report of references to the Notes to the Consolidated Financial Statements to reflect the addition of Note 2

In accordance with applicable SEC rules, this Form 10-Q/A includes certifications from our Chief Executive Officer and Principal Financial Officer dated as of the date of this filing.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A

A. H. BELO CORPORATION

FORM 10-Q/A

TABLE OF CONTENTS

		Page
PART I
Item 1.	Financial Information (Restated)		PAGE 4
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations (Restated)		PAGE 22
Item 3.	Quantitative and Qualitative Disclosures about Market Risk		PAGE 29
Item 4.	Controls and Procedures (Restated)		PAGE 29
PART II
Item 1.	Legal Proceedings		PAGE 31
Item 1A.	Risk Factors		PAGE 31
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		PAGE 31
Item 3.	Defaults Upon Senior Securities		PAGE 31
Item 4.	Mine Safety Disclosures		PAGE 31
Item 5.	Other Information		PAGE 31
Item 6.	Exhibits		PAGE 32
Signatures			PAGE 35
Exhibit Index			PAGE 36

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A

PART I

Item 1.  Financial Information (Restated)

A. H. Belo Corporation and Subsidiaries

Consolidated Statements of Operations

	Three Months Ended June 30,				Six Months Ended June 30,
In thousands, except share and per share amounts (unaudited)	2019		2018		2019		2018
		(Restated)				(Restated)
Net Operating Revenue:
Advertising and marketing services	$	25,300	$	26,397	$	49,341	$	52,138
Circulation		17,013		17,921		34,286		35,668
Printing, distribution and other		4,802		6,851		10,077		12,816
Total net operating revenue		47,115		51,169		93,704		100,622
Operating Costs and Expense:
Employee compensation and benefits		19,828		21,529		40,952		46,201
Other production, distribution and operating costs		23,845		22,833		46,029		45,847
Newsprint, ink and other supplies		4,022		5,461		8,769		10,772
Depreciation		2,333		2,535		4,719		5,008
Amortization		140		200		216		400
Gain on sale of assets, net		(25,908)		—		(25,908)		—
Asset impairments		—		(22)		—		(22)
Total operating costs and expense		24,260		52,536		74,777		108,206
Operating income (loss)		22,855		(1,367)		18,927		(7,584)
Other income, net		1,133		891		1,962		1,779
Income (Loss) Before Income Taxes		23,988		(476)		20,889		(5,805)
Income tax provision (benefit)		7,460		58		6,496		(1,257)
Net Income (Loss)	$	16,528	$	(534)	$	14,393	$	(4,548)
Per Share Basis
Net income (loss)
Basic and diluted	$	0.77	$	(0.03)	$	0.67	$	(0.21)
Number of common shares used in the per share calculation:
Basic and diluted		21,525,971		21,738,545		21,578,014		21,756,678

See the accompanying Notes to the Consolidated Financial Statements.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     4

A. H. Belo Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income (Loss)

	Three Months Ended June 30,				Six Months Ended June 30,
In thousands (unaudited)	2019		2018		2019		2018
		(Restated)				(Restated)
Net Income (Loss)	$	16,528	$	(534)	$	14,393	$	(4,548)
Other Comprehensive Income (Loss), Net of Tax:
Amortization of actuarial losses		62		157		125		315
Total other comprehensive income, net of tax		62		157		125		315
Total Comprehensive Income (Loss)	$	16,590	$	(377)	$	14,518	$	(4,233)

See the accompanying Notes to the Consolidated Financial Statements.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     5

A. H. Belo Corporation and Subsidiaries

Consolidated Balance Sheets

	June 30,		December 31,
In thousands, except share amounts (unaudited)	2019		2018
		(Restated)		(Restated)
Assets
Current assets:
Cash and cash equivalents	$	52,017	$	55,313
Accounts receivable (net of allowance of $834 and $581 at June 30, 2019 and December 31, 2018, respectively)		20,468		22,057
Inventories		3,454		3,912
Prepaids and other current assets		5,808		5,023
Assets held for sale		—		1,089
Total current assets		81,747		87,394
Property, plant and equipment, at cost		423,389		422,966
Less accumulated depreciation		(401,393)		(396,705)
Property, plant and equipment, net		21,996		26,261
Operating lease right-of-use assets		22,222		—
Intangible assets, net		598		304
Goodwill		1,593		—
Deferred income taxes, net		—		3,572
Long-term note receivable		22,400		—
Other assets		3,675		5,029
Total assets	$	154,231	$	122,560
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	6,062	$	6,334
Accrued compensation and benefits		7,484		8,294
Other accrued expense		5,101		5,586
Advance subscription payments		12,844		11,449
Total current liabilities		31,491		31,663
Long-term pension liabilities		30,105		31,889
Long-term operating lease liabilities		23,631		—
Other post-employment benefits		1,158		1,165
Deferred income taxes, net		1,718		—
Other liabilities		4,775		7,045
Total liabilities		92,878		71,762
Shareholders’ equity:
Preferred stock, $.01 par value; Authorized 2,000,000 shares; none issued		—		—
Common stock, $.01 par value; Authorized 125,000,000 shares
Series A: issued 20,854,771 and 20,854,728 shares at June 30, 2019 and December 31, 2018, respectively		209		209
Series B: issued 2,469,512 and 2,469,555 shares at June 30, 2019 and December 31, 2018, respectively		24		24
Treasury stock, Series A, at cost; 1,828,983 and 1,697,370 shares held at June 30, 2019 and December 31, 2018, respectively		(13,128)		(12,601)
Additional paid-in capital		494,389		494,389
Accumulated other comprehensive loss		(37,516)		(37,641)
Accumulated deficit		(382,625)		(393,582)
Total shareholders’ equity		61,353		50,798
Total liabilities and shareholders’ equity	$	154,231	$	122,560

See the accompanying Notes to the Consolidated Financial Statements.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     6

A. H. Belo Corporation and Subsidiaries

Consolidated Statements of Shareholders’ Equity

	Six Months Ended June 30, 2019 and 2018
	Common Stock						Treasury Stock
In thousands, except share amounts  (unaudited)	Shares    Series A	Shares Series B	Amount		Additional Paid-in Capital		Shares Series A	Amount		Accumulated Other Comprehensive Loss		Accumulated Deficit		Total
Balance at December 31, 2017	20,700,292	2,469,755	$	232	$	494,989	(1,430,961)	$	(11,302)	$	(24,932)	$	(361,288)	$	97,699
Net loss	—	—		—		—	—		—		—		(4,548)		(4,548)
Other comprehensive income	—	—		—		—	—		—		315		—		315
Shares repurchased	—	—		—		—	(160,180)		(825)		—		—		(825)
Issuance of shares for restricted stock units	151,236	—		1		(1)	—		—		—		—		—
Share-based compensation	—	—		—		720	—		—		—		—		720
Conversion of Series B to Series A	120	(120)		—		—	—		—		—		—		—
Dividends declared ($0.08 per share, per quarter)	—	—		—		—	—		—		—		(3,564)		(3,564)
Balance at June 30, 2018	20,851,648	2,469,635	$	233	$	495,708	(1,591,141)	$	(12,127)	$	(24,617)	$	(369,400)	$	89,797
Balance at December 31, 2018 (Restated)	20,854,728	2,469,555	$	233	$	494,389	(1,697,370)	$	(12,601)	$	(37,641)	$	(393,582)	$	50,798
Net income (Restated)	—	—		—		—	—		—		—		14,393		14,393
Other comprehensive income	—	—		—		—	—		—		125		—		125
Shares repurchased	—	—		—		—	(131,613)		(527)		—		—		(527)
Conversion of Series B to Series A	43	(43)		—		—	—		—		—		—		—
Dividends declared ($0.08 per share, per quarter)	—	—		—		—	—		—		—		(3,436)		(3,436)
Balance at June 30, 2019 (Restated)	20,854,771	2,469,512	$	233	$	494,389	(1,828,983)	$	(13,128)	$	(37,516)	$	(382,625)	$	61,353

	Three Months Ended June 30, 2019 and 2018
	Common Stock						Treasury Stock
In thousands, except share amounts  (unaudited)	Shares    Series A	Shares Series B	Amount		Additional Paid-in Capital		Shares Series A	Amount		Accumulated Other Comprehensive Loss		Accumulated Deficit		Total
Balance at March 31, 2018	20,817,514	2,469,635	$	233	$	495,605	(1,539,739)	$	(11,857)	$	(24,774)	$	(367,083)	$	92,124
Net loss	—	—		—		—	—		—		—		(534)		(534)
Other comprehensive income	—	—		—		—	—		—		157		—		157
Shares repurchased	—	—		—		—	(51,402)		(270)		—		—		(270)
Issuance of shares for restricted stock units	34,134	—		—		—	—		—		—		—		—
Share-based compensation	—	—		—		103	—		—		—		—		103
Dividends declared ($0.08 per share)	—	—		—		—	—		—		—		(1,783)		(1,783)
Balance at June 30, 2018	20,851,648	2,469,635	$	233	$	495,708	(1,591,141)	$	(12,127)	$	(24,617)	$	(369,400)	$	89,797
Balance at March 31, 2019 (Restated)	20,854,739	2,469,544	$	233	$	494,389	(1,780,899)	$	(12,941)	$	(37,578)	$	(397,437)	$	46,666
Net income (Restated)	—	—		—		—	—		—		—		16,528		16,528
Other comprehensive income	—	—		—		—	—		—		62		—		62
Shares repurchased	—	—		—		—	(48,084)		(187)		—		—		(187)
Conversion of Series B to Series A	32	(32)		—		—	—		—		—		—		—
Dividends declared ($0.08 per share)	—	—		—		—	—		—		—		(1,716)		(1,716)
Balance at June 30, 2019 (Restated)	20,854,771	2,469,512	$	233	$	494,389	(1,828,983)	$	(13,128)	$	(37,516)	$	(382,625)	$	61,353

See the accompanying Notes to the Consolidated Financial Statements.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     7

A. H. Belo Corporation and Subsidiaries

Consolidated Statements of Cash Flows

	Six Months Ended June 30,
In thousands (unaudited)	2019		2018
		(Restated)
Operating Activities
Net income (loss)	$	14,393	$	(4,548)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization		4,935		5,408
Net periodic pension and other post-employment benefit		(1,637)		(1,861)
Share-based compensation		—		720
Bad debt expense		474		348
Deferred income taxes		5,290		(1,696)
(Gain) loss on sale/disposal of fixed assets		(25,908)		208
Asset impairments		—		(22)
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Accounts receivable		1,919		6,461
Inventories, prepaids and other current assets		(327)		2,289
Other assets		1,354		1,036
Accounts payable		(734)		(3,049)
Compensation and benefit obligations		(1,503)		(497)
Other accrued expenses		1,105		3,414
Advance subscription payments		(369)		(145)
Other post-employment benefits		(29)		(901)
Net cash provided by (used for) operating activities		(1,037)		7,165
Investing Activities
Purchases of assets		(457)		(3,697)
Sales of assets		4,597		—
Acquisitions, net of cash acquired		(2,425)		—
Net cash provided by (used for) investing activities		1,715		(3,697)
Financing Activities
Dividends paid		(3,447)		(3,552)
Shares repurchased		(527)		(825)
Net cash used for financing activities		(3,974)		(4,377)
Net decrease in cash and cash equivalents		(3,296)		(909)
Cash and cash equivalents, beginning of period		55,313		57,660
Cash and cash equivalents, end of period	$	52,017	$	56,751
Supplemental Disclosures
Income tax paid, net (refund)	$	895	$	(2,315)
Noncash investing and financing activities:
Investments in property, plant and equipment payable		102		170
Dividends payable		1,720		1,786
Long-term note receivable for asset sales		22,400		—

See the accompanying Notes to the Consolidated Financial Statements.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     8

A. H. Belo Corporation and Subsidiaries

Notes to the Consolidated Financial Statements

Note 1:  Basis of Presentation and Recently Issued Accounting Standards

Description of Business.    A. H. Belo Corporation and subsidiaries are referred to collectively herein as “A. H. Belo” or the “Company.” The Company, headquartered in Dallas, Texas, is the leading local news and information publishing company in Texas.The Company has commercial printing, distribution and direct mail capabilities, as well as a presence in emerging media and digital marketing. While focusing on extending the Company’s media platforms, A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles. The Company publishes The Dallas Morning News  (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes, and various niche publications targeting specific audiences.

Basis of Presentation.     The interim consolidated financial statements included herein are unaudited; however, they include adjustments of a normal recurring nature which, in the Company’s opinion, are necessary to present fairly the interim consolidated financial information as of and for the periods indicated. All intercompany balances and transactions have been eliminated in consolidation. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2018. All dollar amounts presented herein, except share and per share amounts, are in thousands, unless the context indicates otherwise.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net operating revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates.

Recently Adopted Accounting Pronouncements.

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02 – Leases (Topic 842). This update requires an entity to recognize a right-of-use asset and a lease liability for virtually all of its leases. The liability will be equal to the present value of lease payments. The asset will generally be based on the liability. For income statement purposes operating leases will result in straight-line expense and finance leases will result in expenses similar to current capital leases. The guidance also requires additional disclosures to enable users of financial statements to understand the amount, timing and uncertainty of cash flows arising from leases. Since February 2016, the FASB issued clarifying updates to the new standard that did not change the core principle of ASU 2016-02. The new guidance will supersede virtually all existing lease guidance under GAAP and is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted ASU 2016-02 on January 1, 2019, using the modified retrospective approach; see Note 6 – Leases.  

New Accounting Pronouncements.    The FASB issued the following accounting pronouncements and guidance, which may be applicable to the Company but have not yet become effective.

In June 2016, the FASB issued ASU 2016-13 – Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount.  Since June 2016, the FASB issued clarifying updates to the new standard.The guidance will be effective for fiscal years beginning after December15, 2019. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

In August 2018, the FASB issued ASU 2018-14 – Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans. This update modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans by removing disclosures that are no longer considered cost beneficial, clarifying the specific requirements of disclosures and adding disclosure requirements identified as relevant. The guidance will be effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s financial statement disclosures.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     9

In August 2018, the FASB issued ASU 2018-15 – Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. This update clarifies the accounting for implementation costs incurred in a cloud computing arrangement, or hosting arrangement, that is a service contract. Costs for implementation activities incurred during the application development stage will be capitalized depending on the nature of the costs, while costs incurred during the preliminary project and post implementation stages will be expensed as the activities are performed. The capitalized implementation costs will be expensed over the term of the hosting arrangement. The guidance will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

Note 2:  Restatement of Financial Statements

The Company restated its financial statements to amend its Consolidated Balance Sheet as of June 30, 2019, related to the corrections disclosed in the December 31, 2018 Form 10-K/A. In connection with the restatement, the Company re-calculated the income tax provision for the three and six months ended June 30, 2019, and the Company determined using an estimated annual effective tax rate to calculate the income tax provision was appropriate, compared to the discrete year-to-date calculation of income tax expense or benefit used in prior interim periods and in the original Form 10-Q. See Note 9 – Income Taxes.  The Consolidated Statements of Operationsfor the three and six months ended June 30, 2019, were restated to reflect the re-calculated income tax provision primarily resulting from using an estimated annual effective tax rate, a reduction in other income, net for additional interest expense related to uncertain tax positions, and the reversal of amortization expense related to the Marketing Services long-lived assets impairment disclosed in the Form 10-K/A. See Note 7 – Goodwill and Intangible Assets.  The use of an estimated annual effective tax rate in determining the income tax provision and a correction to the calculation of uncertain tax positions resulted in adjustments to other accrued expense, deferred income taxes, net, and other liabilities in the Consolidated Balance Sheet as of June 30, 2019.

In addition, the Company determined that a new line of business associated with its acquisition of Cubic Creative, Inc. on April 1, 2019, where the Company acted as an agent was incorrectly accounted for in the original Form 10-Q. See Note 4 – Acquisitions. In the three and six months ended June 30, 2019, revenue and expense were immaterially overstated by the same amount, resulting in no impact to operating income (loss), net income (loss), retained earnings or earnings per share. The Company corrected this error and the restated Consolidated Statements of Operations for the three and six months ended June 30, 2019, reflect the associated reduction in advertising and marketing services revenue and in other production, distribution and operating costs.

The table below sets forth the impact of the restatement on the Consolidated Statements of Operations (unaudited).

	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated		As Previously Reported		Adjustment			As Restated
Net Operating Revenue:
Advertising and marketing services	$	25,920	$	(620)	$	25,300	$	49,961	$	(620)		$	49,341
Total net operating revenue		47,735		(620)		47,115		94,324		(620)			93,704
Operating Costs and Expense:
Other production, distribution and operating costs	$	24,465	$	(620)	$	23,845	$	46,649	$	(620)		$	46,029
Amortization		200		(60)		140		400		(184)			216
Total operating costs and expense		24,940		(680)		24,260		75,581		(804)			74,777
Operating income		22,795		60		22,855		18,743		184			18,927
Other income, net		1,161		(28)		1,133		2,058		(96)			1,962
Income Before Income Taxes		23,956		32		23,988		20,801		88			20,889
Income tax provision		7,095		365		7,460		6,952		(456)			6,496
Net Income		16,861		(333)		16,528		13,849		544			14,393
Per Share Basis
Net income
Basic and diluted	$	0.78	$	(0.01)	$	0.77	$	0.64	$	0.03	$		0.67

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     10

The table below sets forth the impact of the restatement on the Consolidated Statements of Comprehensive Income (Loss) (unaudited).

	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated		As Previously Reported		Adjustment		As Restated
Net Income	$	16,861	$	(333)	$	16,528	$	13,849	$	544	$	14,393
Total Comprehensive Income		16,923		(333)		16,590		13,974		544		14,518

The table below sets forth the impact of the restatement on the Consolidated Balance Sheet (unaudited).

	June 30, 2019
	As Previously Reported		Adjustment		As Restated
Assets
Intangible assets, net	$	3,384	$	(2,786)	$	598
Goodwill		15,566		(13,973)		1,593
Total assets		170,990		(16,759)		154,231
Liabilities and Shareholders’ Equity
Other accrued expense	$	4,430	$	671	$	5,101
Total current liabilities		30,820		671		31,491
Deferred income taxes, net		—		1,718		1,718
Other liabilities		4,679		96		4,775
Total liabilities		90,393		2,485		92,878
Accumulated deficit		(363,381)		(19,244)		(382,625)
Total shareholders’ equity		80,597		(19,244)		61,353
Total liabilities and shareholders’ equity		170,990		(16,759)		154,231

The table below sets forth the impact of the restatement on the Consolidated Statement of Cash Flows (unaudited).

	Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated
Operating Activities
Net income	$	13,849	$	544	$	14,393
Adjustments to reconcile net income used for operating activities:
Depreciation and amortization	$	5,119	$	(184)	$	4,935
Deferred income taxes		6,417		(1,127)		5,290
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Other accrued expenses	$	338	$	767	$	1,105

Note 3:  Segment Reporting

The Company identified two reportable segments based on reporting structure and the go-to-market for the Company’s service and product offerings. The two reportable segments are Publishing and Marketing Services.

The Publishing segment includes the Company’s core print and digital operations associated with its newspapers, niche publications and related websites and apps. These operations generate revenue from sales of advertising within its newspaper and digital platforms, subscription and retail sales of its newspapers, commercial printing and distribution services, primarily related to national and regional newspapers, and preprint advertising. Businesses within the Publishing segment leverage its production facilities, subscriber and advertiser base, and digital news platforms to provide additional contribution margin. The Publishing segment’s operating results includes $6,361 and $4,145of corporate expense for the three months ended June 30, 2019 and 2018, respectively, and $11,566 and $10,893for the six months ended June 30, 2019 and 2018, respectively. The Company evaluates Publishing operations based on operating profit and cash flows from operating activities.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     11

The Marketing Services segment includes the operations of DMV Digital Holdings Company (“DMV Holdings”) and digital advertising through Connect (programmatic advertising). The Company operates this integrated portfolio of assets within its Marketing Services segment as separate businesses that sell digital marketing and advertising through different channels, including programmatic advertising and content marketing within the social media environment.

Based on the organization of the Company’s structure and organizational chart, the Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer, Robert W. Decherd. The CODM allocates resources and capital to the Publishing and Marketing Services segments at the segment level.

In the first quarter of 2019, the Company determined one of the Company’s business units, previously reported in the Publishing segment, is now providing services and products more closely aligned with the Marketing Services segment. Beginning January 1, 2019, this business unit will be reported in the Marketing Services segment. The 2018 financial information by segment was recast for comparative purposes.

The tables below set forth summarized financial information for the Company’s reportable segments.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
		(Restated)		(Recast)		(Restated)		(Recast)
Revenue
Publishing	$	40,915	$	45,085	$	81,618	$	88,714
Marketing Services		6,200		6,084		12,086		11,908
Total	$	47,115	$	51,169	$	93,704	$	100,622
Operating Income (Loss)
Publishing	$	22,742	$	(1,799)	$	18,702	$	(8,101)
Marketing Services		113		432		225		517
Total	$	22,855	$	(1,367)	$	18,927	$	(7,584)
Noncash Expenses
Publishing
Depreciation	$	2,263	$	2,498	$	4,580	$	4,934
Gain on sale of assets, net		(25,908)		—		(25,908)		—
Asset impairments		—		(22)		—		(22)
Total	$	(23,645)	$	2,476	$	(21,328)	$	4,912
Marketing Services
Depreciation	$	70	$	37	$	139	$	74
Amortization		140		200		216		400
Total	$	210	$	237	$	355	$	474

	June 30,		December 31,
	2019		2018
		(Restated)		(Restated)
Total Assets
Publishing	$	141,938	$	117,289
Marketing Services		12,293		5,271
Total	$	154,231	$	122,560

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     12

Note 4:  Acquisitions

On April 1, 2019, the Company completed the acquisition of certain assets of Cubic, Inc. for a cash purchase price of $2,425, net of $213cash acquired.  Transaction costs related to the purchase were a component of other production, distribution and operating costs in the Consolidated Statements of Operations and totaled $92,  of which $63 and $86 were incurred in the three and six months ended June 30, 2019, respectively.

The new entity Cubic Creative, Inc. (“Cubic Creative”) is located in Tulsa, Oklahoma and has approximately 25 employees. This acquisition adds creative strategy services, which will be complementary to service offerings currently available to A.H. Belo clients.The expected benefit from providing these additional services was attributed to goodwill, all of which is expected to be deductible for tax purposes. The acquired operations will be included in the Marketing Services segment.

As of June 30, 2019, the Company was in the process of finalizing the business valuation and its allocation to underlying assets and liabilities. The table below sets forth the preliminary allocation of the purchase price, which is subject to adjustment upon finalization.

		Estimated Fair Value
Working capital, net of acquired cash	$	297
Property, plant and equipment		25
Other intangible assets		510
Goodwill		1,593
Total	$	2,425

Operating results of the business acquired have been included in the Consolidated Statements of Operations from the acquisition date forward. Proforma results of the Company, assuming the acquisition had occurred at the beginning of each period presented, would not be materially different from the results reported.

Note 5:  Revenue

Revenue Recognition

Revenue is recognized when obligations under the terms of a contract with our customer are satisfied. This occurs when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Sales tax collected concurrent with revenue-producing activities are excluded from revenue.

Accounts receivable are reported net of a valuation reserve that represents an estimate of amounts considered uncollectible. The Company estimates the allowance for doubtful accounts based on historical write-off experience and the Company’s knowledge of the customers’ ability to pay amounts due. Accounts are written-off after all collection efforts fail; generally, after one year has expired. Expense for such uncollectible amounts is included in other production, distribution and operating costs.

Notes receivable are recorded net of an allowance for doubtful accounts. Notes receivable primarily relates to the financed portion of the sale of the Company’s former headquarters (see Note 14 – Sales of Assets). Interest income is accrued on the unpaid principal balance. The Company puts notes receivable on non-accrual status and provides an allowance against accrued interest if it is determined the likelihood of collecting substantially all of the note and accrued interest is not probable. Notes are written-off against the allowance when all possible means of collection have been exhausted and the potential for recovery is considered remote.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     13

The table below sets forth revenue disaggregated by revenue source.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018			2019	2018
		(Restated)				(Restated)
Advertising revenue (a)	$	19,100	$	20,313	$	37,255	$	40,230
Digital services (a)		5,005		4,899		9,314		9,367
Other services		1,195		1,185		2,772		2,541
Advertising and marketing services		25,300		26,397		49,341		52,138
Circulation		17,013		17,921		34,286		35,668
Printing, distribution and other		4,802		6,851		10,077		12,816
Total Revenue	$	47,115	$	51,169	$	93,704	$	100,622

(a) Due to the first quarter 2019 change to the segments (seeNote 3 – Segment Reporting), revenue previously reported as advertising revenue is now reported as digital services revenue. The 2018 amounts for these revenue sources were recast for comparative purposes.

Advertising and Marketing Services Revenue

Advertising revenue, included in the Publishing segment results, is generated by selling print and digital advertising products. Print advertising revenue represents sales of advertising space within the Company’s core and niche newspapers, as well as preprinted advertisements inserted into the Company’s core newspapers and niche publications or distributed to non-subscribers through the mail. Digital advertising is generated by selling banner and real estate classified advertising on The Dallas Morning News’ website dallasnews.com, online employment and obituary classified advertising on third-party websites sold under a print/digital bundle package and sales of online automotive classifieds on the cars.com platform. The Company’s agreement to sell on the cars.com platform was not renewed and will end September 30, 2019.

Digital services and other services revenues are included in the Marketing Services segment results. Digital services revenue includes targeted and multi-channel (programmatic) advertising placed on third-party websites, content development, social media management, search optimization, creative strategy services and other consulting. Other services revenue is primarily generated from the sale of promotional merchandise.

Advertising and marketing services revenue is primarily recognized at a point in time when the ad or service is complete and delivered, based on the customers’ contract price. In addition, certain digital advertising revenue related to website access is recognized over time, based on the customers’ monthly rate.

For ads placed on certain third-party websites, the Company must evaluate whether it is acting as the principal, where revenue is reported on a gross basis, or acting as the agent, where revenue is reported on a net basis. Generally, the Company reports advertising revenue for ads placed on third-party websites on a net basis, meaning the amount recorded to revenue is the amount billed to the customer net of amounts paid to the publisher of the third-party website. The Company is acting as the agent because the publisher controls the advertising inventory.

Circulation

Circulation revenue, included in the Publishing segment results, is generated primarily by selling home delivery and digital subscriptions, as well as single copy sales to non-subscribers. Home delivery and single copy revenue is recognized at a point in time when the paper is delivered or purchased. Digital subscriptions are recognized over time, based on the customers’ monthly rate.

Printing, Distribution and Other

Printing, distribution and other revenue, included in the Publishing segment results, is primarily generated from printing and distribution of other newspapers, as well as production of preprinted advertisements for other newspapers. Printing, distribution and other revenue is recognized at a point in time when the product or service is delivered.

Remaining Performance Obligations

The Company has various Publishing advertising contracts and Marketing Services digital services contracts that range from 13 months to 36 months. The Company recognizes revenue on the advertising contracts over the term of the agreement at a point in time when the service or product is delivered. The Company recognizes revenue on the digital services contracts over time, based on the customers’

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     14

monthly rate. At June 30, 2019, the remaining performance obligation was $3,004. The Company expects to recognize $809 over the remainder of 2019, $1,196 in 2020, $886 in 2021, and $113 in 2022.

Deferred Revenue

Deferred revenue is recorded when cash payments are received in advance of the Company’s performance, including amounts which are refundable. The short-term and long-term deferred revenue balance as of June 30, 2019, was $13,280, included in advance subscription payments, other accrued expense and other liabilities in the Consolidated Balance Sheet. In the six months ended June 30, 2019, the balance increased $685,  primarily driven by cash payments received in advance of satisfying our performance obligations, offset by $9,706 of revenue recognized that was included in the deferred revenue balance as of December 31, 2018.

Practical Expedients and Exemptions

The Company generally expenses sales commissions and circulation acquisition costs when incurred because the amortization period would have been one year or less. These costs are recorded within employee compensation and benefits expense and other production, distribution and operating costs expense, respectively.

The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less and contracts for which revenue is recognized at the amount invoiced for services performed.

Note 6: Leases

Adoption of ASU 2016-02 – Leases (Topic 842)

On January 1, 2019, the Company adopted ASU 2016-02 using the modified retrospective approach applied to all leases with a remaining lease term greater than one year. Results for reporting periods beginning after January 1, 2019, are presented in accordance with the new guidance under ASU 2016-02, while prior period amounts are not restated. The adoption of the new lease guidance resulted in the Company recognizing operating lease right-of-use assets and lease liabilities based on the present value of remaining minimum lease payments. For the discount rate assumption, the implicit rate was not readily determinable in the Company’s lease agreements. Therefore, the Company used an estimated secured incremental borrowing rate, based on the Company’s credit rating, adjusted for the weighted average term of each lease in determining the present value of lease payments. There was no impact to opening retained earnings.

The Company elected the practical expedients available under ASU 2016-02 and applied them consistently to all applicable leases. The Company did not apply ASU 2016-02 to any leases with a remaining term of 12 months or less. For these leases, no asset or liability was recorded and lease expense continues to be recognized on a straight-line basis over the lease term. As allowed by the practical expedients, the Company does not reassess whether any expired or existing contracts are or contain leases, does not reassess the lease classification for any expired or existing leases and does not reassess initial direct costs for existing leases. Additionally, the Company does not separately identify lease and nonlease components, such as maintenance costs.

Lease Accounting

The Company has various operating leases primarily for office space and other distribution centers, some of which include escalating lease payments and options to extend or terminate the lease. The Company determines if a contract is a lease at the inception of the arrangement. The exercise of lease renewal options are at the Company’s sole discretion and options are recognized when it is reasonably certain the Company will exercise the option. The Company’s leases have remaining terms of less than one year to 15 years. The Company does not have lease agreements with residual value guarantees, sale leaseback terms or material restrictive covenants.

The Company has a sublease with Denton Publishing Company for a remaining term of approximately four years. Additionally, the Company has various subleases with distributors, for distribution center space, with varying remaining lease terms of less than one year to two years and are cancellable with notice by either party. As of June 30, 2019, sublease income is expected to approximate $306 for the remainder of 2019, $388 in 2020, $237 in 2021, $223 in 2022, and $129 in 2023.

Operating lease right-of-use assets and liabilities are recognized at commencement date of lease agreements greater than one year based on the present value of lease payments over the lease term. Lease expense is recognized on a straight-line basis over the lease term and variable lease costs are expensed as incurred. In the second quarter of 2019, the Company recorded an additional right-of use asset and liability of $356 as a result of the Cubic acquisition. As of June 30, 2019, the Company entered into one additional operating lease that will commence on September 1, 2019, with a lease term of five years, resulting in an additional right-of-use asset and liability of approximately $505 that will be recorded in the third quarter of 2019.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     15

The table below sets forth supplemental Consolidated Balance Sheet information for the Company’s leases.

	Classification	June 30, 2019
Assets
Operating	Operating lease right-of-use assets	$	22,222
Liabilities
Operating
Current	Other accrued expense	$	1,745
Noncurrent	Long-term operating lease liabilities		23,631
Total lease liabilities		$	25,376
Lease Term and Discount Rate
Operating leases
Weighted average remaining lease term (years)			12.0
Weighted average discount rate			7.5	%

The table below sets forth components of lease expense and supplemental cash flow information for the Company’s leases.

	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Lease Cost
Operating lease cost	$	1,062	$	2,100
Short-term lease cost		45		91
Variable lease cost		155		245
Sublease income		(182)		(343)
Total lease cost	$	1,080	$	2,093
Supplemental Cash Flow Information
Cash paid for operating leases included in operating activities			$	2,023

The table below sets forth the remaining maturities of the Company’s lease liabilities as of June 30, 2019.

Years Ending December 31,	Operating Leases
2019	$	1,726
2020		3,577
2021		3,547
2022		3,496
2023		3,018
Thereafter		24,506
Total lease payments		39,870
Less: imputed interest		14,494
Total lease liabilities	$	25,376

The table below sets forth the future minimum obligations for operating leases in effect as of December 31, 2018, as determined prior to the adoption of ASU 2016-02. Total operating lease expense was $4,688 for the year ended December 31, 2018.

		Total		2019		2020		2021		2022		2023		Thereafter
Operating lease commitments	$	41,837	$	4,403	$	3,588	$	3,575	$	3,467	$	3,533	$	23,271

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     16

Note 7:  Goodwill and Intangible Assets

The table below sets forth goodwill and other intangible assets by reportable segment as of June 30, 2019 and December 31, 2018. The Company’s Publishing and Marketing Services segments each operate as a single reporting unit with all corporate expenses included in Publishing. There are no intangible assets or goodwill remaining for the Publishing segment.

	June 30,		December 31,
	2019		2018
		(Restated)		(Restated)
Goodwill
Marketing Services	$	1,593	$	—
Intangible Assets
Marketing Services
Cost	$	2,030	$	6,470
Accumulated Amortization		(1,432)		(3,196)
Asset Impairments		—		(2,970)
Net Carrying Value	$	598	$	304

The intangible assets include $1,520 of developed technology, with an estimated useful life of five years and net carrying value of $152that will be fully expensed by the end of 2019,  and $510 of customer relationships, recorded in connection with the Cubic Creative acquisition, with estimated useful lives of two years and net carrying value of $446.  Aggregate amortization expense was $140 and $200 for the three months ended June 30, 2019 and 2018, respectively, and $216 and $400 for the six months ended June 30, 2019 and 2018, respectively.

In the second quarter of 2019, in connection with the Cubic Creative acquisition, the Company recorded $1,593 of goodwill; see Note 4 – Acquisitions.

Note 8:  Related Party Transactions

On March 1, 2019, the Company made a loan of $200 to eSite Analytics, Inc. As of June 30, 2019 and December 31, 2018, the Company had a note receivable of $775 and $650, respectively, included in prepaids and other current assets, and other assets in the Consolidated Balance Sheets, respectively. The Company accounts for eSite Analytics, Inc. as an equity method investment.

Note 9:  Income Taxes

The Company historically determined the quarterly income tax provision using a discrete year-to-date calculation due to volatility in the newspaper industry and the resulting inability to reliably forecast income or loss before income taxes. In connection with the restatement, the Company re-calculated the income tax provision for the three and six months ended June 30, 2019 using an estimated annual effective tax rate based on its annual income before income taxes, adjusted for permanent differences, which it applied to the year-to-date income (loss) before income taxes. Although volatility still exists in the newspaper industry, the Company is appropriately using an estimated annual effective tax rate to calculate its quarterly income tax provision, given the Company’s ability to reliably forecast for the current annual period.

The Company recognized income tax provision (benefit) of $7,460 and $58 for the three months ended June 30, 2019 and 2018, respectively, and $6,496 and $(1,257) for the six months ended June 30, 2019 and 2018, respectively.  Effective income tax rates were 31.1 percent and 21.7 percent for the six months ended June 30, 2019 and 2018, respectively.  The income tax provision for the three and six months ended June 30, 2019, was due to applying the estimated annual effective tax rate to year-to-date income, which included effects of the income generated from the sale of the Company’s former headquarters (see Note 14 – Sales of Assets), a decrease in the deferred tax asset, and the effect of the Texas margin tax.

A refund of $3,210 was received in the second quarter of 2018, for a tax benefit recognized in 2016 that was carried back against taxes paid in 2014.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     17

Note 10:  Pension and Other Retirement Plans

Defined Benefit Plans.    The Company sponsors the A. H. Belo Pension Plans (the “Pension Plans”), which provide benefits to approximately 1,400 current and former employees of the Company. A. H. Belo Pension Plan I provides benefits to certain current and former employees primarily employed with The Dallas Morning News or the A. H. Belo corporate offices. A. H. Belo Pension Plan II provides benefits to certain former employees of The Providence Journal Company. This obligation was retained by the Company upon the sale of the newspaper operations of The Providence Journal.  No additional benefits are accruing under the A. H. Belo Pension Plans, as future benefits were frozen.

No contributions are required to the A. H. Belo Pension Plans in 2019 under the applicable tax and labor laws governing pension plan funding.

Net Periodic Pension Benefit

The Company’s estimates of net periodic pension expense or benefit are based on the expected return on plan assets, interest on the projected benefit obligations and the amortization of actuarial gains and losses that are deferred in accumulated other comprehensive loss. The table below sets forth components of net periodic pension benefit, which are included in other income, net in the Consolidated Statements of Operations.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Interest cost	$	1,975	$	1,797	$	3,949	$	3,593
Expected return on plans' assets		(2,866)		(2,893)		(5,733)		(5,787)
Amortization of actuarial loss		69		167		139		335
Net periodic pension benefit	$	(822)	$	(929)	$	(1,645)	$	(1,859)

Defined Contribution Plans.    The A. H. Belo Savings Plan (the “Savings Plan”), a defined contribution 401(k) plan, covers substantially all employees of A. H. Belo. Participants may elect to contribute a portion of their pretax compensation as provided by the Savings Plan and the Internal Revenue Code. Employees can contribute up to 100 percent of their annual eligible compensation less required withholdings and deductions up to statutory limits. The Company provides an ongoing dollar-for-dollar match of eligible employee contributions, up to 1.5 percent of the employees’ compensation. During the three months ended June 30, 2019 and 2018, the Company recorded expense of $112 and $211, respectively, and during the six months ended June 30, 2019 and 2018, the Company recorded expense of $325 and $454, respectively, for matching contributions to the Savings Plan.

Note 11:  Shareholders’ Equity

Dividends.    On May 9, 2019, the Company’s board of directors declared an $0.08 per share dividend to shareholders of record as of the close of business on August 16, 2019, which is payable on September 6, 2019.

Treasury Stock.The Company repurchased shares of its common stock pursuant to a publicly announced share repurchase program authorized by the Company’s board of directors. In the first quarter of 2019, the Company’s board of directors authorized an additional 1,500,000 shares for repurchase.

Outstanding Shares.    The Company had Series A and Series B common stock outstanding of 19,025,788 and 2,469,512, respectively, net of treasury shares at June 30, 2019. At December 31, 2018, the Company had Series A and Series B common stock outstanding of 19,157,358 and 2,469,555, respectively, net of treasury shares.

Accumulated other comprehensive loss.    Accumulated other comprehensive loss consists of actuarial gains and losses attributable to the A. H. Belo Pension Plans, gains and losses resulting from Pension Plans’ amendments and other actuarial experience attributable to other post-employment benefit (“OPEB”) plans. The Company records amortization of the components of accumulated other comprehensive loss in employee compensation and benefits in its Consolidated Statements of Operations. Gains and losses associated with the A. H. Belo Pension Plans are amortized over the weighted average remaining life expectancy of the Pension Plans’ participants. Gains and losses associated with the Company’s OPEB plans are amortized over the average remaining service period of active OPEB plans’ participants.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     18

The tables below set forth the changes in accumulated other comprehensive loss, net of tax, as presented in the Company’s consolidated financial statements.

	Three Months Ended June 30,
	2019						2018
	Total		Defined benefit pension plans		Other post- employment benefit plans		Total		Defined benefit pension plans		Other post- employment benefit plans
Balance, beginning of period	$	(37,578)	$	(37,933)	$	355	$	(24,774)	$	(25,266)	$	492
Amortization		62		69		(7)		157		167		(10)
Balance, end of period	$	(37,516)	$	(37,864)	$	348	$	(24,617)	$	(25,099)	$	482

	Six Months Ended June 30,
	2019						2018
	Total		Defined benefit pension plans		Other post- employment benefit plans		Total		Defined benefit pension plans		Other post- employment benefit plans
Balance, beginning of period	$	(37,641)	$	(38,003)	$	362	$	(24,932)	$	(25,434)	$	502
Amortization		125		139		(14)		315		335		(20)
Balance, end of period	$	(37,516)	$	(37,864)	$	348	$	(24,617)	$	(25,099)	$	482

Note 12:  Earnings Per Share

The table below sets forth the reconciliation for net income (loss) and weighted average shares used for calculating basic and diluted earnings per share (“EPS”). The Company’s Series A and Series B common stock equally share in the distributed and undistributed earnings.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
		(Restated)				(Restated)
Earnings (Numerator)
Net income (loss)	$	16,528	$	(534)	$	14,393	$	(4,548)
Less: dividends to participating securities		—		49		—		94
Net income (loss) available to common shareholders	$	16,528	$	(583)	$	14,393	$	(4,642)
Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)		21,525,971		21,738,545		21,578,014		21,756,678
Income (Loss) Per Share
Basic and diluted	$	0.77	$	(0.03)	$	0.67	$	(0.21)

There were no options or RSUs outstanding as of June 30, 2019, that would result in dilution of shares.

In 2018, holders of service-based restricted stock units (“RSUs”) participated in A. H. Belo dividends on a one-for-one share basis. Distributed and undistributed income associated with participating securities was included in the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share.The Company considered outstanding stock options and RSUs in the calculation of earnings per share. A total of 697,652 options and RSUs outstanding as of June 30, 2018, were excluded from the calculation because the effect was anti-dilutive.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     19

Note 13:  Contingencies

Legal proceedings.    From time to time, the Company is involved in a variety of claims, lawsuits and other disputes arising in the ordinary course of business. Management routinely assesses the likelihood of adverse judgments or outcomes in these matters, as well as the ranges of probable losses to the extent losses are reasonably estimable. Accruals for contingencies are recorded when, in the judgment of management, adverse judgments or outcomes are probable and the financial impact, should an adverse outcome occur, is reasonably estimable. The determination of likely outcomes of litigation matters relates to factors that include, but are not limited to, past experience and other evidence, interpretation of relevant laws or regulations and the specifics and status of each matter. Predicting the outcome of claims and litigation and estimating related costs and financial exposure involves substantial uncertainties that could cause actual results to vary materially from estimates and accruals. In the opinion of management, liabilities, if any, arising from other currently existing claims against the Company would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.

Note 14:  Sales of Assets

On May 17, 2019, the Company completed the sale of the real estate assets in downtown Dallas, Texas, previously used as the Company’s headquarters for a sale price of $28,000.  The sale price consisted of $4,597cash received, after selling costs of approximately $1,000, and a two-year seller-financed promissory note of $22,400, included in long-term note receivable in the Consolidated Balance Sheet.  The sale provides the Company an additional $1,000 contingency payment if certain conditions are met, however at this time the Company does not believe these conditions are probable.

The promissory note is secured by a first lien deed of trust covering the property and bears interest payable in quarterly installments beginning July 1, 2019, continuing through its maturity on June 30, 2021, and includes a pre-payment feature. Interest will be accrued at 3.5 percent during the first year and at 4.5 percent during the second year.

In the second quarter of 2019, the Company recorded a pretax gain of $25,908,  included in gain on sale of assets, net in the Consolidated Statements of Operations. For tax purposes, the gain is fully offset by net operating loss carryforwards. These assets had a carrying value of $1,089, and were reported as assets held for sale in the Consolidated Balance Sheet as of December 31, 2018.

Note 15: Subsequent Events

The Company evaluates subsequent events at the date of the consolidated balance sheet as well as conditions that arise after the balance sheet date but before the consolidated financial statements are issued. To the extent any events and conditions exist, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions. The Company re-evaluated subsequent events in connection with the restatement and reissuance of these financial statements for events which arose since the previously issued consolidated financial statements were issued through the date these consolidated financial statements were reissued. The Company is not aware of any subsequent events which would require recognition or disclosure in the consolidated financial statements other than those listed below.

Beginning in January 2020, there has been an outbreak of the Coronavirus Disease 2019 (“COVID-19” or “virus”), which has been declared a “pandemic” by the World Health Organization. The full impact of COVID-19 is unknown and rapidly evolving. The outbreak and any preventative or protective actions that the Company or its customers may take in respect of this virus may result in a period of disruption, including the Company’s financial reporting capabilities, its operations generally and could potentially impact the Company’s customers, distribution partners, advertisers, production facilities, and third parties. Any resulting financial impact cannot be reasonably estimated at this time, but may materially affect the business and the Company’s financial condition and results of operations. The extent to which the COVID-19 impacts the Company’s results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID-19 and the actions to contain the virus or treat its impact, among others. Media has been designated an essential business, therefore the Company’s operationsare continuing. The Company is experiencing an increasein digitalsubscriptions, which may not completely offset theloss of advertisingrevenue. The Company is currently evaluating and quantifying the impact on its consolidated financial statements.

In response to COVID-19, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March27, 2020. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary changes to the prior and future limitations on interest deductions, temporary suspension of certain payment requirements for the employer portion of Social Security taxes, technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property, and the creation of certain refundable employee retention credits. This legislation was enacted before the date of filing this Form 10-Q/A and the effective date is subsequent to June 30, 2019. The Company is currently evaluating the impact on its consolidated financial statements and has not yet quantified what material impacts to the financial statements (if any) may result from the CARES Act. The Company anticipates it may

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     20

benefit from the temporary five-year net operating loss carryback provisions, the technical correction for qualified leasehold improvements, which changes 39-year property to 15-year property, eligible for 100% tax bonus depreciation, and potentially other provisions within the CARES Act. Where certain tax provisions of the CARES Act are determined to be applicable following the completion of the Company’s assessment, these may result in cash refunds and an income tax benefit recorded in the Consolidated Statements of Operations in the period in which the legislation was enacted.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     21

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations (Restated)

A. H. Belo intends for the discussion of its financial condition and results of operations that follows to provide information that will assist in understanding its financial statements, the changes in certain key items in those statements from period to period, and the primary factors that accounted for those changes, as well as how certain accounting principles, policies and estimates affect its financial statements. The following information should be read in conjunction with the Company’s consolidated financial statements and related notes filed as part of this report. Unless otherwise noted, amounts in Management’s Discussion and Analysis reflect continuing operations of the Company, and all dollar amounts are presented in thousands, except share and per share amounts.

OVERVIEW

A. H. Belo, headquartered in Dallas, Texas, is the leading local news and information publishing company in Texas. The Company has commercial printing, distribution and direct mail capabilities, as well as a presence in emerging media and digital marketing. While focusing on extending the Company’s media platforms, A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles.

The Company’s Publishing segment includes the operations of The Dallas Morning News (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes, and various niche publications targeting specific audiences. Its newspaper operations also provide commercial printing and distribution services to large national and regional newspapers and other businesses in Texas. The segment includes sales of online automotive classifieds on the cars.com platform. In addition, the Publishing segment includes all corporate expenses.

All other operations are reported within the Company’s Marketing Services segment. These operations primarily include DMV Digital Holdings Company (“DMV Holdings”) and its subsidiaries Distribion, Inc. (“Distribion”), Vertical Nerve, Inc. (“Vertical Nerve”) and CDFX, LLC (“MarketingFX”). The segment also includes targeted display advertising generated by Connect (programmaticadvertising). In addition, on April 1, 2019, the Company completed an asset acquisition. The new entity Cubic Creative, Inc. (“Cubic Creative”) is located in Tulsa, Oklahoma and has approximately 25 employees. This acquisition adds creative strategy services, which will be complementary to service offerings currently available to A. H. Belo clients.

On May 17, 2019, the Company completed the sale of the real estate assets in downtown Dallas, Texas, previously used as the Company’s headquarters for a sale price of $28,000, and recorded a pretax gain of $25,908, which for tax purposes is fully offset by net operating loss carryforwards.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     22

RESULTS OF OPERATIONS

Consolidated Results of Operations (unaudited)

This section contains discussion and analysis of net operating revenue, expense and other information relevant to an understanding of results of operations for the three and six months ended June 30, 2019 and 2018. In the first quarter of 2019, the Company determined one of the Company’s business units, previously reported in the Publishing segment, is now providing services and products more closely aligned with the Marketing Services segment. Beginning January 1, 2019, this business unit will be reported in the Marketing Services segment. The 2018 financial information by segment was recast for comparative purposes.

This Form 10-Q/A amends the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 29, 2019, (the “original Form 10-Q”) to reflect the restatement of the Company’s financial statements for the quarter ended June 30, 2019. In connection with the restatement, the Company re-calculated the income tax provision for the three and six months ended June 30, 2019, and the Company determined using an estimated annual effective tax rate to calculate the income tax provision was appropriate, compared to the discrete year-to-date calculation of income tax expense or benefit used in prior interim periods and in the original Form 10-Q. The Consolidated Statements of Operations for the three and six months ended June 30, 2019, were restated to reflect the re-calculated income tax provision primarily resulting from using an estimated annual effective tax rate, a reduction in other income, net for additional interest expense related to uncertain tax positions, and the reversal of amortization expense related to the Marketing Services long-lived assets impairment disclosed in the December 31, 2018 Form 10-K/A.

In addition, the Company determined that a new line of business associated with its acquisition of Cubic Creative on April 1, 2019, where the Company acted as an agent was incorrectly accounted for in the original Form 10-Q. In the three and six months ended June 30, 2019, revenue and expense were immaterially overstated by the same amount, resulting in no impact to operating income (loss), net income (loss), retained earnings or earnings per share. The Company corrected this error and the restated Consolidated Statements of Operations for the three and six months ended June 30, 2019, reflect the associated reduction in advertising and marketing services revenue and in other production, distribution and operating costs. See the Notes to the Consolidated Financial Statements,  Note 2 – Restatement of Financial Statements,  for additional information.

The table below sets forth the components of A. H. Belo’s operating income (loss) by segment.

	Three Months Ended June 30,						Six Months Ended June 30,
	2019		Percentage Change		2018			2019	Percentage Change		2018
		(Restated)				(Recast)		(Restated)				(Recast)
Publishing
Advertising and marketing services	$	19,100	(6.0)	%	$	20,313	$	37,255	(7.4)	%	$	40,230
Circulation		17,013	(5.1)	%		17,921		34,286	(3.9)	%		35,668
Printing, distribution and other		4,802	(29.9)	%		6,851		10,077	(21.4)	%		12,816
Total Net Operating Revenue		40,915	(9.2)	%		45,085		81,618	(8.0)	%		88,714
Total Operating Costs and Expense		18,173	(61.2)	%		46,884		62,916	(35.0)	%		96,815
Operating Income (Loss)	$	22,742	N/M		$	(1,799)	$	18,702	330.9	%	$	(8,101)
Marketing Services
Advertising and marketing services	$	6,200	1.9	%	$	6,084	$	12,086	1.5	%	$	11,908
Total Net Operating Revenue		6,200	1.9	%		6,084		12,086	1.5	%		11,908
Total Operating Costs and Expense		6,087	7.7	%		5,652		11,861	4.1	%		11,391
Operating Income	$	113	(73.8)	%	$	432	$	225	(56.5)	%	$	517

“N/M” – not meaningful

Traditionally, the Company’s primary revenues are generated from advertising within its core newspapers, niche publications and related websites and from subscription and single copy sales of its printed newspapers. As a result of competitive and economic conditions, the newspaper industry has faced a significant revenue decline over the past decade. Therefore, the Company has sought to diversify its revenues through development and investment in new product offerings, increased circulation rates and leveraging of its existing assets

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     23

to offer cost efficient commercial printing and distribution services to its local markets. The Company continually evaluates the overall performance of its core products to ensure existing assets are deployed adequately to maximize return.

The Company’s advertising revenue from its core newspapers continues to be adversely affected by the shift of advertiser spending to other forms of media and the increased accessibility of free online news content, as well as news content from other sources, which resulted in declines in advertising and paid print circulation volumes and revenue. Decreases in print display and classified categories are indicative of continuing trends by advertisers towards digital platforms, which are widely available from many sources. In the current environment, companies are allocating more of their advertising spending towards programmatic channels that provide digital advertising on multiple platforms with enhanced technology for targeted delivery and measurement. The display and classified categories have declined to 18.0percent of consolidated revenue thus far in 2019, and further declines are likely in future periods.

The Company has responded to these challenges by expanding programmatic channels through which it works to meet customer demand for digital advertisement opportunities in display, mobile, video and social media categories. By utilizing advertising exchanges to apply marketing insight, the Company believes it offers greater value to clients through focused targeting of advertising to potential customers. The Company has a meter on its website and continues to build a base of paid digital subscribers.

The Company’s expanded digital and marketing services product offerings leverage the Company’s existing resources and relationships to offer additional value to existing and new advertising clients. Solutions provided by DMV Holdings include development of mobile websites, search engine marketing and optimization, video, mobile advertising, email marketing, advertising analytics, creative strategy servicesand online reputation management services.

Advertising and marketing services revenue

Advertising and marketing services revenue was 53.7 percent and 52.7percent of total revenue for the three and six months ended June 30, 2019, respectively, and 51.6 percent and 51.8 percent for the three and six months ended June 30, 2018, respectively.

	Three Months Ended June 30,						Six Months Ended June 30,
	2019		Percentage Change		2018			2019	Percentage Change		2018
		(Restated)				(Recast)		(Restated)				(Recast)
Publishing
Advertising revenue	$	19,100	(6.0)	%	$	20,313	$	37,255	(7.4)	%	$	40,230
Marketing Services
Digital services		5,005	2.2	%		4,899		9,314	(0.6)	%		9,367
Other services		1,195	0.8	%		1,185		2,772	9.1	%		2,541
Advertising and Marketing Services	$	25,300	(4.2)	%	$	26,397	$	49,341	(5.4)	%	$	52,138

Publishing

Advertising Revenue – The Company has a comprehensive portfolio of print and digital advertising products, which include display, classified, preprint and digital advertising. Display and classified print revenue primarily represents sales of advertising space within the Company’s core and niche newspapers. As advertisers continue to diversify marketing budgets to incorporate more and varied avenues of reaching consumers, traditional display and classified advertising continues to decline. Display and classified print revenue decreased $420 and $931 in the three and six months ended June 30, 2019, respectively, primarily due to lower classified advertising in all categories.

Preprint revenue primarily reflects preprinted advertisements inserted into the Company’s core newspapers and niche publications, or distributed to non-subscribers through the mail. Revenue decreased $652 and $1,675 for the three and six months ended June 30, 2019, respectively, due to a volume decline in preprint newspaper inserts, consistent with the decline in circulation volumes discussed below.

Digital Publishing revenue is primarily comprised of banner and real estate classified advertising on The Dallas Morning News’ website dallasnews.com, online employment and obituary classified advertising on third-party websites sold under a print/digital bundle package and sales of online automotive classifieds on the cars.com platform. Revenue decreased $141 and $369 for the three and six months ended June 30, 2019, respectively, primarily due to a lower volume of online automotive classifieds on cars.com.The Company’s agreement to sell on the cars.com platform was not renewed and will end September 30, 2019.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     24

Marketing Services

Digital services – Digital marketing revenue includes targeted and multi-channel advertising placed on third-party websites, content development, social media management, search optimization, and other consulting. Revenue increased  $106for the three months ended June 30, 2019, due to additional revenue generated from the new business, Cubic Creative, acquired in the second quarter of 2019.

Other services – Other services revenue increased $10 and $231 for the three andsix months ended June 30, 2019, respectively, due to an increase in the sale of promotional merchandise by MarketingFX.

Circulation revenue

Circulation revenue was 36.1 percent and 36.6 percent of total revenue for the three and six months ended June 30, 2019, respectively, and 35.0 percent and 35.5 percent for the three and six months ended June 30, 2018, respectively.

	Three Months Ended June 30,						Six Months Ended June 30,
	2019		Percentage Change		2018			2019	Percentage Change		2018
Publishing
Circulation	$	17,013	(5.1)	%	$	17,921	$	34,286	(3.9)	%	$	35,668

Revenue decreased primarily due to home delivery revenue, driven by a volume decline of 35.7 percent and 23.9 percent, for the three and six months ended June 30, 2019, respectively. Single copy revenue also decreased compared to prior year, due to single copy paid print circulation volume declines of 22.4 percent and 21.3 percentfor the three and six months ended June 30,  2019, respectively. The volume declines were partially offset by rate increases.

Printing, distribution and other revenue

Printing, distribution and other revenue was 10.2 percent and 10.7 percent of total revenue for the three and six months ended June 30, 2019, respectively, and 13.4 percent and 12.7 percent for the three and six months ended June 30, 2018, respectively.

	Three Months Ended June 30,						Six Months Ended June 30,
	2019		Percentage Change		2018			2019	Percentage Change		2018
Publishing
Printing, Distribution and Other	$	4,802	(29.9)	%	$	6,851	$	10,077	(21.4)	%	$	12,816

Revenue decreased in the three and six months ended June 30, 2019, primarily due to the Company eliminating its brokered printing business in which it provided services direct to small business clients. Additionally, the Company reduced the number of local and national commercial print customers it serves from more than 30 to five. This strategic decision to streamline operations was implemented to improve the segment’s operating income.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     25

Operating Costs and Expense

The table below sets forth the components of the Company’s operating costs and expense.

	Three Months Ended June 30,						Six Months Ended June 30,
	2019		Percentage Change		2018		2019		Percentage Change		2018
		(Restated)				(Recast)		(Restated)				(Recast)
Publishing
Employee compensation and benefits	$	16,379	(10.9)	%	$	18,376	$	34,441	(13.2)	%	$	39,691
Other production, distribution and operating costs		21,718	4.1	%		20,862		41,764	(0.3)	%		41,901
Newsprint, ink and other supplies		3,721	(28.0)	%		5,170		8,039	(22.0)	%		10,311
Depreciation		2,263	(9.4)	%		2,498		4,580	(7.2)	%		4,934
Gain on sale of assets, net		(25,908)	N/A			—		(25,908)	N/A			—
Asset impairments		—	100.0	%		(22)		—	100.0	%		(22)
Marketing Services
Employee compensation and benefits		3,449	9.4	%		3,153		6,511	0.0	%		6,510
Other production, distribution and operating costs		2,127	7.9	%		1,971		4,265	8.1	%		3,946
Newsprint, ink and other supplies		301	3.4	%		291		730	58.4	%		461
Depreciation		70	89.2	%		37		139	87.8	%		74
Amortization		140	(30.0)	%		200		216	(46)	%		400
Total Operating Costs and Expense	$	24,260	(53.8)	%	$	52,536	$	74,777	(30.9)	%	$	108,206

Publishing

Employee compensation and benefits – The Company continues to implement measures to optimize its workforce and reduce risk associated with future obligations for employee benefit plans. Employee compensation and benefits decreased $1,997 and $5,250 in the three and six months ended June 30, 2019, respectively, primarily due to headcount reductions of 151 since June 30, 2018.

Other production, distribution and operating costs – Expense increased $856 and decreased $137 in the three and six months ended June 30, 2019, respectively, due to $1,920 ofexpense related to a strategy review with an outside consulting firm in the second quarter of 2019.

Newsprint, ink and other supplies –  Expense decreased due to reduced newsprint costs associated with lower circulation volumes and the elimination of brokered printing for small business clients. Newsprint consumption for the three and six months ended June 30, 2019, approximated 3,043 and 6,849 metric tons, respectively, and for the three and six months ended June 30, 2018, approximated 5,014 and 10,013 metric tons, respectively.

Depreciation – Expense decreased in the three and six months ended June 30, 2019, due to a lower depreciable asset base as a higher level of in-service assets are now fully depreciated.

Gain on sale of assets – In the second quarter of 2019, the Company completed the sale of real estate previously used as the Company’s headquarters for $28,000, resulting in a pretax gain of $25,908.

Marketing Services

Employee compensation and benefits –  Expense increased $296 in the three months ended June 30, 2019, and remained flat in the six months ended June 30, 2019, due to additional expense generated from the 25 new employees of Cubic Creative, which was acquired in the second quarter of 2019.

Other production, distribution and operating costs – Expense increased $156 and  $319 in the three and six months ended June 30, 2019, respectively, primarily due to additional expenses related to Cubic Creative.

Newsprint, ink and other supplies –  Expense increased $10 and $269 in the three and six months ended June 30, 2019, respectively, primarily due to an increase in promotional material printing costs associated with MarketingFX.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     26

Depreciation – Expense increased$33 and $65 in the three and six months ended June  30, 2019, respectively, due to a higher depreciable asset base as additional assets were purchased to support technology investments.

Amortization – Expense is related to developed technology associated with DMV Holdings and Cubic Creative customer relationships.

Other

The table below sets forth the other components of the Company’s results of operations.

	Three Months Ended June 30,						Six Months Ended June 30,
	2019		Percentage Change		2018		2019		Percentage Change		2018
		(Restated)						(Restated)
Other income, net	$	1,133	27.2	%	$	891	$	1,962	10.3	%	$	1,779
Income tax provision (benefit)	$	7,460	N/M		$	58	$	6,496	616.8	%	$	(1,257)

“N/M” – not meaningful

Other income, net – Other income, net is primarily comprised of net periodic pension and other post-employment benefit of $818 and $1,636 for the three and six months ended June 30, 2019, respectively, and $931 and $1,861 for the three and six months ended June 30, 2018, respectively.  Gain (loss) from investments and interest income (expense)are also included in other income, net.

Income tax provision  (benefit) – The Company recognized income tax provision (benefit) of $7,460 and $58 for the three months ended June 30, 2019 and 2018, respectively, and $6,496 and $(1,257) for the six months ended June 30, 2019 and 2018, respectively. Effective income tax rates were 31.1 percent and 21.7 percent for the six months ended June 30, 2019 and 2018, respectively. The income tax provision for the three and six months ended June 30, 2019, was due to applying the estimated annual effective tax rate to year-to-date income, which included effects of the income generated from the sale of the Company’s former headquarters (see Note14 – Sales of Assets), a decrease in the deferred tax asset, and the effect of the Texas margin tax.

Legal proceedings – From time to time, the Company is involved in a variety of claims, lawsuits and other disputes arising in the ordinary course of business. Management routinely assesses the likelihood of adverse judgments or outcomes in these matters, as well as the ranges of probable losses to the extent losses are reasonably estimable. Accruals for contingencies are recorded when, in the judgment of management, adverse judgments or outcomes are probable and the financial impact, should an adverse outcome occur, is reasonably estimable. The determination of likely outcomes of litigation matters relates to factors that include, but are not limited to, past experience and other evidence, interpretation of relevant laws or regulations and the specifics and status of each matter. Predicting the outcome of claims and litigation and estimating related costs and financial exposure involves substantial uncertainties that could cause actual results to vary materially from estimates and accruals. In the opinion of management, liabilities, if any, arising from other currently existing claims against the Company would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     27

Liquidity and Capital Resources

The Company’s cash balances as of June 30, 2019 and December 31, 2018,  were $52,017 and$55,313, respectively.

The Company intends to hold existing cash for purposes of future investment opportunities, potential return of capital to shareholders and for contingency purposes. Although revenue from Publishing operations is expected to continue to decline in future periods, operating contributions expected from the Company’s Marketing Services businesses and other cost cutting measures, are expected to be sufficient to fund operating activities and capital spending of approximately $1,500 over the remainder of the year.

The future payment of dividends is dependent upon available cash after considering future operating and investing requirements and cannot be guaranteed. The Company continued stock repurchases under its prior board-authorized repurchase authority and in the first quarter of 2019, the board authorized an additional 1,500,000 shares for repurchase. Current holdings of treasury stock can be sold on the open market.

The following discusses the changes in cash flows by operating, investing and financing activities.

Operating Cash Flows

Net cash provided by (used for) operating activities for the six months endedJune 30, 2019 and 2018, was $(1,037) and $7,165, respectively. Cash flows from operating activities decreased by $8,202 during the six months ended June 30, 2019, when compared to the prior year period, primarily due to changes in working capital and other operating assets and liabilities.

Investing Cash Flows

Net cash provided by (used for) investing activities was $1,715 and $(3,697) for the six months endedJune 30, 2019 and 2018, respectively. Cash flows from investing activities improved due to cash proceeds of $4,597 received during the second quarter of 2019 related to the sale of real estate previously used as the Company’s headquarters in downtown Dallas, Texas, partially offset by the acquisition of Cubic, Inc. for $2,425. Cash flows from investing activities also included  $457 and $3,697 of capital spending in 2019 and 2018, respectively.

Financing Cash Flows

Net cash used for financing activities was $3,974 and$4,377 for the six months endedJune 30, 2019 and 2018, respectively. Cash used for financing activities included dividend payments of $3,447 and$3,552 in 2019 and 2018, respectively. Additionally, in 2019, the Company purchased 131,613 shares of its Series A common stock at a cost of $527 under its share repurchase program.

Financing Arrangements

None.

Contractual Obligations

Under the applicable tax and labor laws governing pension plan funding, no contributions to the A. H. Belo Pension Plans are required in 2019.

On May9, 2019, the Company’s board of directors declared an $0.08 per share dividend to shareholders of record as of the close of business on August  16, 2019, which is payable on September 6, 2019.

Additional information related to the Company’s contractual obligations is available in Company’s Annual Report on Form 10‑K/A for the year ended December 31, 2018, filed on March 18, 2020, with the Securities and Exchange Commission (“SEC”).

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     28

Critical Accounting Policies and Estimates

Beginning January 1, 2019, the Company adopted Accounting Standards Update (“ASU”) 2016-02 – Leases (Topic 842).  As a result, the Company implemented changes to the Company’s polices related to processes around evaluating and accounting for leases or arrangements that contain a lease. Under the new standard, for substantially all leases an operating lease right-of-use asset and liability is recognized at commencement date based on the present value of lease payments over the lease term.

Except for adoption of the new lease guidance (Topic 842), no material changes were made to the Company’s critical accounting policies as set forth in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”, included in the Company’s Annual Report on Form 10-K/A filed with the SEC for the year ended December 31, 2018.

Forward-Looking Statements

Statements in this communication concerning A. H. Belo Corporation’s business outlook or future economic performance, revenues, expenses, and other financial and non-financial items that are not historical facts, including statements of the Company’s expectations relating to the outcome of its ongoing review of asset impairment and related items and the timing of its late third quarter 2019 report and its 2019 Form 10-K with the Securities and Exchange Commission and filing future reports, are “forward-looking statements” as the term is defined under applicable federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Company’s control, and include unanticipated challenges in completing the 2019 audit process or filing the Company’s late reports, the impact of the COVID-19 virus outbreak on the Company’s financial reporting  capabilities and its operations generally and the potential impact of such virus on the Company’s customers, distribution partners, advertisers and production facilities and third parties, as well as changes in advertising demand and other economic conditions; consumers’ tastes; newsprint prices; program costs; labor relations; technology obsolescence; as well as other risks described in the Company’s Annual Report on Form 10-K and in the Company’s other public disclosures and filings with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this filing, are not updated to reflect events or circumstances after the date of the statement.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

There were no material changes in A. H. Belo Corporation’s exposure to market risk from the disclosure included in the Annual Report on Form 10-K/A for the year ended December 31, 2018.

Item 4.  Controls and Procedures (Restated)

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, are controls that are designed to ensure that information required to be disclosed by the Company in reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management, including the Company’s Chief Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing disclosure controls and procedures, management is required to apply its judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls and procedures is also based, in part, upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

The Company’s management, with the participation of its Chief Executive Officer and Principal Financial Officer, initially evaluated the effectiveness of the design and operation of its disclosure controls and procedures in connection with the preparation of the Company’s original Form 10-Q for the period ended June 30, 2019. The Company disclosed in its original Form 10-Q that, based on that evaluation, management concluded the Company’s disclosure controls and procedures were effective. In connection with the restatements described in this Form 10-Q/A, the Company’s management with the participation of its Chief Executive Officer and Principal Financial Officer re-evaluated the effectiveness of the Company’s disclosure controls and procedures as of the end of the period covered by this report. As a result, management concluded that as of the end of the period covered by this report, due to material weaknesses in internal control over financial reporting described in Management’s Report on Internal Control Over Financial Reporting in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2018 (the “Management’s Report on Internal Controls”), the Company’s disclosure controls and procedures were not effective.

Notwithstanding the material weaknesses, management believes the consolidated financial statements included in this Quarterly Report on Form 10-Q/A present fairly, in all material respects, the Company’s financial condition, results of operations and cash flows at and for the periods presented in accordance with U.S. generally accepted accounting principles.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     29

Management’s Report on Internal Control Over Financial Reporting

The Company’s management, with oversight from the Audit Committee of the Board of Directors of the Company, is actively engaged in remediation efforts to address the material weaknesses identified in the Management’s Report on Internal Controls. Management has taken a number of actions to remediate the 2018 material weaknesses including the following:

· Improve monitoring and risk assessment activities to address these control deficiencies.

· Increase the level of review and analysis of work performed by management and third-party tax professionals in the preparation of the Company’s provision for income taxes.

· Enhance the controls over impairment testing for both goodwill and the long-lived assets to ensure the controls are designed and operating effectively to include properly identifying triggering events along with enhancing controls around the reviews of assumptions used in impairment tests.

· Improve the risk assessment and design of monitoring activities over change-management and the review of user access to the Company’s IT systems and strengthen the review of activities conducted by users with elevated access.

· Institute change-management controls over reports generated by the Company’s IT systems, which are used in the execution of key controls.

· Implement additional process-level controls over revenue recognition of new contracts.

· Develop and deliver further Internal Controls training to individuals associated with these control deficiencies and enhance training provided to all personnel who have financial reporting or internal control responsibilities in these areas. The training will include a review of individual roles and responsibilities related to internal controls, proper oversight and reemphasize the importance of completing the control procedures.

These improvements are targeted at strengthening the Company’s internal control over financial reporting and remediating the 2018 material weaknesses. The Company remains committed to an effective internal control environment and management believes that these actions and the improvements management expects to achieve as a result, will effectively remediate the 2018 material weaknesses. However, the material weaknesses in the Company’s internal control over financial reporting will not be considered remediated until the controls operate for a sufficient period of time and management has concluded, through testing that these controls operate effectively. As of the date of filing this Form 10-Q/A, management is in the process of testing and evaluating these additional controls to determine whether they are operating effectively.

Changes in Internal Control Over Financial Reporting

Beginning January 1, 2019, the Company adopted ASU 2016-02 – Leases (Topic 842). The Company implemented new lease management software and changes to processes related to lease accounting and the control activities within them. The changes are primarily related to processes around evaluating and accounting for leases or arrangements that contain a lease. Under the new standard, for substantially all leases an operating lease right-of-use asset and liability is recognized at commencement date based on the present value of lease payments over the lease term.

Except as related to the adoption of the new lease guidance (Topic 842) and the material weaknesses described above, there have been no changes in the Company’s internal control over financial reporting identified in connection with the evaluation required by Rules 13a-15(d) and 15d-15(d) of the Exchange Act that occurred during the second fiscal quarter ended June 30, 2019, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. The material weaknesses discussed above were subsequently identified and will result in future mitigation activities.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     30

PART II

Item 1.  Legal Proceedings

A number of legal proceedings are pending against A. H. Belo. In the opinion of management, liabilities, if any, arising from these legal proceedings would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.

Item 1A.  Risk Factors

Except as updated below, there were no material changes from the risk factors disclosed under the heading “Risk Factors” in Item 1A in the Annual Report on Form 10-K/A for the year ended December 31, 2018.

Recent COVID-19 and other pandemic outbreaks could negatively impact A. H. Belo’s businesses and results of operations.

The Company may face risks related to the recent outbreak of the Coronavirus Disease 2019 (“COVID-19” or “virus”), which has been declared a “pandemic” by the World Health Organization. The full impact of COVID-19 is unknown and rapidly evolving. The outbreak and any preventative or protective actions that the Company or its customers may take in respect of this virus may result in a period of disruption, including the Company’s financial reporting capabilities, its operations generally and could potentially impact the Company’s customers, distribution partners, advertisers, production facilities, and third parties. Any resulting financial impact cannot be reasonably estimated at this time, but may materially affect the business and the Company’s financial condition and results of operations. The extent to which the COVID-19 impacts the Company’s results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID-19 and the actions to contain the virus or treat its impact, among others.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

There were no unregistered sales of the Company’s equity securities during the period covered by this report.

Issuer Purchases of Equity Securities

The Company repurchased shares of its common stock pursuant to a publicly announced share repurchase program authorized by the Company’s board of directors. In the first quarter of 2019, the Company’s board of directors authorized an additional 1,500,000 shares for repurchase. During 2019, the Company repurchased 131,613shares of its Series A common stock at a total cost of $527. All purchases were made through open market transactions and were recorded as treasury stock.

The following table contains information for shares repurchased during the second quarter of 2019. None of the shares in this table were repurchased directly from any of the Company’s officers or directors.

Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
April 2019	34,778	$	3.92	1,815,677	2,184,323
May 2019	—		—	1,815,677	2,184,323
June 2019	13,306		3.79	1,828,983	2,171,017

Item 3.  Defaults Upon Senior Securities

None.

Item 4.  Mine Safety Disclosures

None.

Item 5.  Other Information

None.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     31

Item 6.  Exhibits

Exhibits marked with an asterisk (*) are incorporated by reference to documents previously filed by the Company with the SEC, as indicated. In accordance with Regulation S-T, the XBRL-related information marked with a double asterisk (**) in Exhibit No. 101 to this Quarterly Report on Form 10-Q/A is deemed filed. All other documents are filed with this report. Exhibits marked with a tilde (~) are management contracts, compensatory plan contracts or arrangements filed pursuant to Item 601(b)(10)(iii)(A) of Regulation S-K.

Exhibit Number		Description
2.1	*	Agreement and Plan of Merger dated April 23, 2018 by and between A. H. Belo Corporation and A. H. Belo Texas, Inc. (Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 23, 2018 (Securities and Exchange Commission File No. 001-33741) (the “April 23, 2018 Form 8-K”))
3.1	*	Certificate of Formation of A. H. Belo Corporation (successor to A. H. Belo Texas, Inc.)(Exhibit 3.1 to the April 23, 2018 Form 8-K)
3.2	*	Certificate of Merger (Delaware) of A. H. Belo Corporation with and into A. H. Belo Texas, Inc. (Exhibit 3.3 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 2, 2018 (Securities and Exchange Commission File No. 001-33741) (the “July 2, 2018 Form 8-K”))
3.3	*	Certificate of Merger (Texas) of A. H. Belo Corporation with and into A. H. Belo Texas, Inc. (Exhibit 3.4 to the July 2, 2018 Form 8-K)
3.4	*	Bylaws of A. H. Belo Corporation (successor to A. H. Belo Texas, Inc.) (Exhibit 3.2 to the April 23, 2018 Form 8-K)
4.1(a)	*	Certain rights of the holders of the Company’s Common Stock set forth in Exhibits 3.1‑3.4 above
4.1(b)	*	Description of Capital Stock (Exhibit 4.1 to the July 2, 2018 Form 8-K)
4.2	*	Specimen Form of Certificate representing shares of the Company’s Series A Common Stock (Exhibit 4.2 to the July 2, 2018 Form 8-K)
4.3	*	Specimen Form of Certificate representing shares of the Company’s Series B Common Stock (Exhibit 4.3 to the July 2, 2018 Form 8-K)
10.1	*	Material Contracts
		(1)	*	Sublease Agreement for Old Dallas Library Building dated December 30, 2016 (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 3, 2017 (Securities and Exchange Commission File No. 001‑33741) (the “January 3, 2017 Form 8-K”))
		(2)	*	Guaranty of Lease dated December 30, 2016 (Exhibit 10.2 to the January 3, 2017 Form 8-K)
		(3)	*	Paper Supply Agreement effective as of August 5, 2019, by and between The Dallas Morning News, Inc. and Gannett Supply Corporation (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 6, 2019 (Securities and Exchange Commission File No. 001-33741))
		(4)	*	Purchase and Sale Agreement effective as of May 17, 2019, by and between The Dallas Morning News, Inc. and Charter DMN Holdings, LP, together with related Promissory Note dated May 17, 2019, in the original principal amount of $22.4 million made by Charter DMN Holdings, LP, payable to The Dallas Morning News, Inc. (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 17, 2019 (Securities and Exchange Commission File No. 001-33741))

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     32

Exhibit Number		Description
10.2	*	Compensatory plans and arrangements:
		~(1)	*	A. H. Belo Savings Plan as Amended and Restated Effective January 1, 2015 (Exhibit 10.2(1) to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 6, 2015 (Securities and Exchange Commission File No. 001-33741))
			*	(a)	First Amendment to the A. H. Belo Savings Plan effective January 1, 2016 (Exhibit 10.2(1)(a) to the Company’s Quarterly Report on Form 10‑Q filed with the Securities and Exchange Commission on November 1, 2016 (Securities and Exchange Commission File No. 001-33741))
			*	(b)	Second Amendment to the A. H. Belo Savings Plan effective September 8, 2016 (Exhibit 10.2(1)(b) to the Company’s Quarterly Report on Form 10‑Q filed with the Securities and Exchange Commission on November 1, 2016 (Securities and Exchange Commission File No. 001-33741))
			*	(c)	Third Amendment to the A. H. Belo Savings Plan dated September 7, 2017 (Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 8, 2017 (Securities and Exchange Commission File No. 001-33741)(the “September 8, 2017 Form 8-K”))
			*	(d)	Fourth Amendment to the A. H. Belo Savings Plan (Exhibit 10.2 to the July 2, 2018 Form 8-K)
			*	(e)	Fifth Amendment to the A. H. Belo Savings Plan dated November 27, 2018 (Exhibit 10.2(1)(E) to the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on April 29, 2019 (Securities and Exchange Commission File No. 001-33741)(the “1st Quarter 2019 Form 10-Q”))
			*	(f)	Sixth Amendment to the A. H. Belo Savings Plan dated April 1, 2019 (Exhibit 10.2(1)(F) to the 1st Quarter 2019 Form 10-Q)
		~(2)	*	A. H. Belo 2017 Incentive Compensation Plan (Exhibit I to A. H. Belo Corporation’s Schedule 14A Proxy Statement filed with the Securities and Exchange Commission on March 28, 2017)
			*	(a)		First Amendment to the A. H. Belo 2017 Incentive Compensation Plan (Exhibit 10.1 to the July 2, 2018 Form 8-K)
			*	(b)		Form of A. H. Belo 2017 Incentive Compensation Plan Evidence of Grant (for Non-Employee Directors) (Exhibit 10.1 to A. H. Belo Corporation’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2017 (Securities and Exchange Commission File No. 001-33741) (the “May 12, 2017 Form 8-K”))
			*	(c)		Form of A. H. Belo 2017 Incentive Compensation Plan Evidence of Grant (for Employee Awards) (Exhibit 10.2 to the May 12, 2017 Form 8-K)
		~(3)	*	Form of A. H. Belo Cash Long-Term Incentive Compensation Evidence of Grant (for Employee Awards) (Exhibit 10.1 to the Company’s Annual Report on Form 10‑K filed with the Securities and Exchange Commission on March 14, 2019 (Securities and Exchange Commission File No. 001-33741))
		~(4)	*	A. H. Belo Corporation Change In Control Severance Plan (Exhibit 10.7 to the February 12, 2008 Form 8‑K)
			*	(a)	Amendment to the A. H. Belo Change in Control Severance Plan dated March 31, 2009 (Exhibit 10.3 to the April 2, 2009 Form 8‑K)

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     33

Exhibit Number		Description
		~(5)	*	Robert W. Decherd Compensation Arrangements dated June 19, 2013 (Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 19, 2013)
		~(6)	*	Timothy M. Storer Amended and Restated Employment Agreement dated December 10, 2018 (Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 11, 2018 (Securities and Exchange Commission File No. 001-33741) (the “December 11, 2018 Form 8-K”))
			*	(a)	Timothy M. Storer Severance Letter effective July 17, 2019 (Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 29, 2019 (Securities and Exchange Commission File No. 001-33741))
		~(7)	*	James M. Moroney III Employment Agreement dated April 18, 2018 (Exhibit 10.1 to the Company’s April 18, 2018 Form 8-K)
10.3	*	Agreements relating to the separation of A. H. Belo from its former parent company:
		(1)	*	Pension Plan Transfer Agreement by and between Belo Corp. and A. H. Belo Corporation dated as of October 6, 2010 (Exhibit 10.1 to the Company’s current Report on Form 8‑K filed with the Securities and Exchange Commission on October 8, 2010 (Securities and Exchange Commission File No. 001-33741))
		(2)	*	Agreement among the Company, Belo Corp., and The Pension Benefit Guaranty Corporation, effective March 9, 2011 (Exhibit 10.3(6) to the Company’s Annual Report on Form 10‑K filed with the Securities and Exchange Commission on March 11, 2011 (Securities and Exchange Commission File No. 001‑33741))
31.1				Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
31.2				Certification of principal financial officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
32				Certifications of Chief Executive Officer and principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002
101.INS				**		XBRL Instance Document
101.SCH				**		XBRL Taxonomy Extension Scheme
101.CAL				**		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF				**		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB				**		XBRL Taxonomy Extension Label Linkbase Document
101.PRE				**		XBRL Taxonomy Extension Presentation Linkbase Document

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     34

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

A. H. BELO CORPORATION
By:	/s/	Katy Murray
		Katy Murray
		Senior Vice President/Chief Financial Officer
		(Principal Financial Officer)
Dated:	April3, 2020

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     35

EXHIBIT INDEX

Exhibit Number		Description
31.1		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
32		Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002
101.INS	**	XBRL Instance Document
101.SCH	**	XBRL Taxonomy Extension Schema
101.CAL	**	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	**	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	**	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	**	XBRL Taxonomy Extension Presentation Linkbase Document

In accordance with Regulation S-T, the XBRL-related information marked with a double asterisk (**) in Exhibit No. 101 to this Quarterly Report on Form 10-Q/A is deemed filed.

A. H. Belo Corporation Second Quarter 2019 on Form 10-Q/A     36

EX-31.1

Exhibit 31.1

SECTION 302 CERTIFICATION

I, Robert W. Decherd, Chairman of the Board, President and Chief Executive Officer of A. H. Belo Corporation, certify that:

1. I have reviewed this quarterly report on Form 10-Q/A of A. H. Belo Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Robert W. Decherd
	Robert W. Decherd
	Chairman of the Board, President and Chief Executive Officer
Date:	April 3, 2020

EX-31.2

Exhibit 31.2

SECTION 302 CERTIFICATION

I, Katy Murray, Senior Vice President/Chief Financial Officer of A. H. Belo Corporation, certify that:

1. I have reviewed this quarterly report on Form 10-Q/A of A. H. Belo Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Katy Murray
	Katy Murray
	Senior Vice President/Chief Financial Officer
Date:	April 3, 2020

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of A. H. Belo Corporation (the “Company”) on Form 10-Q/A for the period ended June 30, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, RobertW.Decherd, Chairman of the Board, President and Chief Executive Officer of the Company, and Katy Murray, Senior Vice President/Chief Financial Officer of the Company, each hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/Robert W. Decherd
	Robert W. Decherd
	ChairmanoftheBoard,PresidentandChiefExecutiveOfficer
Date:	April 3, 2020

By:	/s/ Katy Murray
	Katy Murray
	Senior Vice President/Chief Financial Officer
Date:	April 3, 2020

XML

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets [Abstract]

Schedule of Identifiable Intangible Assets

	June 30,		December 31,
	2019		2018
		(Restated)		(Restated)
Goodwill
Marketing Services	$	1,593	$	—
Intangible Assets
Marketing Services
Cost	$	2,030	$	6,470
Accumulated Amortization		(1,432)		(3,196)
Asset Impairments		—		(2,970)
Net Carrying Value	$	598	$	304

XML

Restatement of Financial Statements (Impact of Restatement on Consolidated Statements of Operations) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Total net operating revenue	$ 47,115	$ 51,169	$ 93,704	$ 100,622
Other production, distribution and operating costs	23,845	22,833	46,029	45,847
Amortization	140	200	216	400
Total operating costs and expense	24,260	52,536	74,777	108,206
Operating income	22,855	(1,367)	18,927	(7,584)
Other income, net	1,133	891	1,962	1,779
Income Before Income Taxes	23,988	(476)	20,889	(5,805)
Income tax provision	7,460	58	6,496	(1,257)
Net Income	$ 16,528	$ (534)	$ 14,393	$ (4,548)
Net income basic and diluted	$ 0.77	$ (0.03)	$ 0.67	$ (0.21)
Advertising And Marketing Services [Member]
Total net operating revenue	$ 25,300	$ 26,397	$ 49,341	$ 52,138
Previously Reported [Member]
Total net operating revenue	47,735		94,324
Other production, distribution and operating costs	24,465		46,649
Amortization	200		400
Total operating costs and expense	24,940		75,581
Operating income	22,795		18,743
Other income, net	1,161		2,058
Income Before Income Taxes	23,956		20,801
Income tax provision	7,095		6,952
Net Income	$ 16,861		$ 13,849
Net income basic and diluted	$ 0.78		$ 0.64
Previously Reported [Member] | Advertising And Marketing Services [Member]
Total net operating revenue	$ 25,920		$ 49,961
Adjustment [Member]
Total net operating revenue	(620)		(620)
Other production, distribution and operating costs	(620)		(620)
Amortization	(60)		(184)
Total operating costs and expense	(680)		(804)
Operating income	60		184
Other income, net	(28)		(96)
Income Before Income Taxes	32		88
Income tax provision	365		(456)
Net Income	$ (333)		$ 544
Net income basic and diluted	$ (0.01)		$ 0.03
Adjustment [Member] | Advertising And Marketing Services [Member]
Total net operating revenue	$ (620)		$ (620)

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Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

Note 7:  Goodwill and Intangible Assets

The table below sets forth goodwill and other intangible assets by reportable segment as of June 30, 2019 and December 31, 2018. The Company’s Publishing and Marketing Services segments each operate as a single reporting unit with all corporate expenses included in Publishing. There are no intangible assets or goodwill remaining for the Publishing segment.

	June 30,		December 31,
	2019		2018
		(Restated)		(Restated)
Goodwill
Marketing Services	$	1,593	$	—
Intangible Assets
Marketing Services
Cost	$	2,030	$	6,470
Accumulated Amortization		(1,432)		(3,196)
Asset Impairments		—		(2,970)
Net Carrying Value	$	598	$	304

The intangible assets include $1,520 of developed technology, with an estimated useful life of five years and net carrying value of $152that will be fully expensed by the end of 2019,  and $510 of customer relationships, recorded in connection with the Cubic Creative acquisition, with estimated useful lives of two years and net carrying value of $446. Aggregate amortization expense was $140 and $200 for the three months ended June 30, 2019 and 2018, respectively, and $216 and $400 for the six months ended June 30, 2019 and 2018, respectively.

In the second quarter of 2019, in connection with the Cubic Creative acquisition, the Company recorded $1,593 of goodwill; see Note 4 – Acquisitions.

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Segment Reporting

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment Reporting

Note 3:  Segment Reporting

The Company identified two reportable segments based on reporting structure and the go-to-market for the Company’s service and product offerings. The two reportable segments are Publishing and Marketing Services.

The Publishing segment includes the Company’s core print and digital operations associated with its newspapers, niche publications and related websites and apps. These operations generate revenue from sales of advertising within its newspaper and digital platforms, subscription and retail sales of its newspapers, commercial printing and distribution services, primarily related to national and regional newspapers, and preprint advertising. Businesses within the Publishing segment leverage its production facilities, subscriber and advertiser base, and digital news platforms to provide additional contribution margin. The Publishing segment’s operating results includes $6,361 and $4,145 of corporate expense for the three months ended June 30, 2019 and 2018, respectively, and $11,566 and $10,893 for the six months ended June 30, 2019 and 2018, respectively. The Company evaluates Publishing operations based on operating profit and cash flows from operating activities.

The Marketing Services segment includes the operations of DMV Digital Holdings Company (“DMV Holdings”) and digital advertising through Connect (programmatic advertising). The Company operates this integrated portfolio of assets within its Marketing Services segment as separate businesses that sell digital marketing and advertising through different channels, including programmatic advertising and content marketing within the social media environment.

Based on the organization of the Company’s structure and organizational chart, the Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer, Robert W. Decherd. The CODM allocates resources and capital to the Publishing and Marketing Services segments at the segment level.

In the first quarter of 2019, the Company determined one of the Company’s business units, previously reported in the Publishing segment, is now providing services and products more closely aligned with the Marketing Services segment. Beginning January 1, 2019, this business unit will be reported in the Marketing Services segment. The 2018 financial information by segment was recast for comparative purposes.

The tables below set forth summarized financial information for the Company’s reportable segments.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
		(Restated)		(Recast)		(Restated)		(Recast)
Revenue
Publishing	$	40,915	$	45,085	$	81,618	$	88,714
Marketing Services		6,200		6,084		12,086		11,908
Total	$	47,115	$	51,169	$	93,704	$	100,622
Operating Income (Loss)
Publishing	$	22,742	$	(1,799)	$	18,702	$	(8,101)
Marketing Services		113		432		225		517
Total	$	22,855	$	(1,367)	$	18,927	$	(7,584)
Noncash Expenses
Publishing
Depreciation	$	2,263	$	2,498	$	4,580	$	4,934
Gain on sale of assets, net		(25,908)		—		(25,908)		—
Asset impairments		—		(22)		—		(22)
Total	$	(23,645)	$	2,476	$	(21,328)	$	4,912
Marketing Services
Depreciation	$	70	$	37	$	139	$	74
Amortization		140		200		216		400
Total	$	210	$	237	$	355	$	474

	June 30,		December 31,
	2019		2018
		(Restated)		(Restated)
Total Assets
Publishing	$	141,938	$	117,289
Marketing Services		12,293		5,271
Total	$	154,231	$	122,560

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Shareholders' Equity

6 Months Ended

Jun. 30, 2019

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 11:  Shareholders’ Equity

Dividends.    On May 9, 2019, the Company’s board of directors declared an $0.08 per share dividend to shareholders of record as of the close of business on August 16, 2019, which is payable on September 6, 2019.

Treasury Stock.The Company repurchased shares of its common stock pursuant to a publicly announced share repurchase program authorized by the Company’s board of directors. In the first quarter of 2019, the Company’s board of directors authorized an additional 1,500,000 shares for repurchase.

Outstanding Shares.    The Company had Series A and Series B common stock outstanding of 19,025,788 and 2,469,512, respectively, net of treasury shares at June 30, 2019. At December 31, 2018, the Company had Series A and Series B common stock outstanding of 19,157,358 and 2,469,555, respectively, net of treasury shares.

Accumulated other comprehensive loss.    Accumulated other comprehensive loss consists of actuarial gains and losses attributable to the A. H. Belo Pension Plans, gains and losses resulting from Pension Plans’ amendments and other actuarial experience attributable to other post-employment benefit (“OPEB”) plans. The Company records amortization of the components of accumulated other comprehensive loss in employee compensation and benefits in its Consolidated Statements of Operations. Gains and losses associated with the A. H. Belo Pension Plans are amortized over the weighted average remaining life expectancy of the Pension Plans’ participants. Gains and losses associated with the Company’s OPEB plans are amortized over the average remaining service period of active OPEB plans’ participants.

The tables below set forth the changes in accumulated other comprehensive loss, net of tax, as presented in the Company’s consolidated financial statements.

	Three Months Ended June 30,
	2019						2018
	Total		Defined benefit pension plans		Other post- employment benefit plans		Total		Defined benefit pension plans		Other post- employment benefit plans
Balance, beginning of period	$	(37,578)	$	(37,933)	$	355	$	(24,774)	$	(25,266)	$	492
Amortization		62		69		(7)		157		167		(10)
Balance, end of period	$	(37,516)	$	(37,864)	$	348	$	(24,617)	$	(25,099)	$	482

	Six Months Ended June 30,
	2019						2018
	Total		Defined benefit pension plans		Other post- employment benefit plans		Total		Defined benefit pension plans		Other post- employment benefit plans
Balance, beginning of period	$	(37,641)	$	(38,003)	$	362	$	(24,932)	$	(25,434)	$	502
Amortization		125		139		(14)		315		335		(20)
Balance, end of period	$	(37,516)	$	(37,864)	$	348	$	(24,617)	$	(25,099)	$	482

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Pension and Other Retirement Plans (Schedule of Net Periodic Pension Benefit) (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Plan Disclosure
Interest cost	$ 1,975	$ 1,797	$ 3,949	$ 3,593
Expected return on plans' assets	(2,866)	(2,893)	(5,733)	(5,787)
Amortization of actuarial loss	69	167	139	335
Net periodic pension benefit	$ (822)	$ (929)	$ (1,645)	$ (1,859)

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Goodwill and Intangible Assets (Schedule of Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Jun. 30, 2019
Goodwill And Intangible Assets [Line Items]
Goodwill		$ 1,593
Intangible Assets
Net Carrying Value	$ 304	598
Operating Segments [Member] | Marketing Services [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill		1,593
Intangible Assets
Cost	6,470	2,030
Accumulated Amortization	(3,196)	(1,432)
Asset Impairments	(2,970)
Net Carrying Value	$ 304	$ 598

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Earnings Per Share (Schedule of Earnings Per Share Reconciliation) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ 16,528	$ (534)	$ 14,393	$ (4,548)
Less: dividends to participating securities		49		94
Net income (loss) available to common shareholders	$ 16,528	$ (583)	$ 14,393	$ (4,642)
Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)	21,525,971	21,738,545	21,578,014	21,756,678
Income (Loss) Per Share
Basic and diluted	$ 0.77	$ (0.03)	$ 0.67	$ (0.21)

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Acquisitions (Narrative) (Details) $ in Thousands		3 Months Ended	6 Months Ended
	Apr. 01, 2019 USD ($) employee	Jun. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)
Business Acquisition [Line Items]
Business acquisition cash purchase price, net of cash acquired			$ 2,425
Cubic Creative, Inc.[Member]
Business Acquisition [Line Items]
Cash acquired from acquisition	$ 213
Business combination, transaction costs	92
Business combination, transaction costs incurred		$ 63	$ 86
Cubic Creative, Inc.[Member] | Tulsa, Oklahoma [Member]
Business Acquisition [Line Items]
Business acquisition cash purchase price, net of cash acquired	$ 2,425
Business combination number of employees in acquired business | employee	25

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Revenue (Disaggregated by Revenue Source) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Revenues		$ 47,115	$ 51,169	$ 93,704	$ 100,622
Advertising Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	[1]	19,100	20,313	37,255	40,230
Digital Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	[1]	5,005	4,899	9,314	9,367
Other Services [Member]
Disaggregation of Revenue [Line Items]
Revenues		1,195	1,185	2,772	2,541
Advertising And Marketing Services [Member]
Disaggregation of Revenue [Line Items]
Revenues		25,300	26,397	49,341	52,138
Circulation [Member]
Disaggregation of Revenue [Line Items]
Revenues		17,013	17,921	34,286	35,668
Printing, Distribution And Other [Member]
Disaggregation of Revenue [Line Items]
Revenues		$ 4,802	$ 6,851	$ 10,077	$ 12,816

[1] Due to the first quarter 2019 change to the segments (see Note 3 - Segment Reporting), revenue previously reported as advertising revenue is now reported as digital services revenue. The 2018 amounts for these revenue sources were recast for comparative purposes.

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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 25, 2019
Document Type	10-Q/A
Document Period End Date	Jun. 30, 2019
Entity Registrant Name	A. H. Belo Corp
Entity Central Index Key	0001413898
Amendment Flag	true
Amendment Description	This Amendment No. 1 on Form 10-Q/A (the "Form 10-Q/A") is being filed to amend A. H. Belo Corporation's (the "Company") Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 29, 2019, for the quarter ended June 30, 2019 (the "original Form 10-Q"). On March 18, 2020, the Company filed an Amendment No. 1 on Form 10-K/A (the "Form 10-K/A") to amend the Form 10-K filed with the Securities and Exchange Commission on March 14, 2019, for the fiscal year ended December 31, 2018. The Form 10-K/A was filed in order to reflect the appropriate timing of the noncash impairment charge for goodwill and long-lived assets associated with the Company's Marketing Services reporting unit and the appropriate methodology for calculation of the valuation allowance within the tax provision for 2018. In addition, on March 27, 2020, the Company filed an Amendment No. 1 on Form 10-Q/A to amend the Form 10-Q filed with the Securities and Exchange Commission on April 29, 2019, for the quarter ended March 31, 2019. This Form 10-Q/A amends the Consolidated Balance Sheet as of June 30, 2019, related to the corrections disclosed in the December 31, 2018 Form 10-K/A. In connection with the restatement, the Company re-calculated the income tax provision for the three and six months ended June 30, 2019. The Company determined using an estimated annual effective tax rate to calculate the income tax expense or benefit for 2019 interim periods was appropriate, compared to the discrete year-to-date calculation of income tax expense or benefit used in prior interim periods and in the original Form 10-Q. The Consolidated Statements of Operations for the three and six months ended June 30, 2019, were restated to reflect the re-calculated income tax provision primarily resulting from using an estimated annual effective tax rate, a reduction in other income, net for additional interest expense related to uncertain tax positions, and the reversal of amortization expense related to the Marketing Services long-lived assets impairment disclosed in the Form 10-K/A. The use of an estimated annual effective tax rate in determining the income tax provision and a correction to the calculation of uncertain tax positions resulted in adjustments to other accrued expense, deferred income taxes, net, and other liabilities in the Consolidated Balance Sheet as of June 30, 2019. In addition, in the third quarter of 2019, the Company determined that a new line of business associated with its acquisition of Cubic Creative, Inc. on April 1, 2019, where the Company acted as an agent was incorrectly accounted for in the original Form 10-Q. In the three and six months ended June 30, 2019, revenue and expense were immaterially overstated by the same amount, resulting in no impact to operating income (loss), net income (loss), retained earnings or earnings per share. The Company corrected this error and the restated Consolidated Statements of Operations for the three and six months ended June 30, 2019, reflect the revised amounts. See the Notes to the Consolidated Financial Statements, Note 2 – Restatement of Financial Statements, for additional information. In connection with the identification of these issues that led to the restatements described in this Form 10-Q/A, management of the Company re-evaluated the effectiveness of the Company's disclosure controls and procedures as of the end of the period covered by this report. As a result, management concluded that as of the end of the period covered by this report, due to material weaknesses in internal control over financial reporting described in Management's Report on Internal Control Over Financial Reporting in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2018, the Company's disclosure controls and procedures were not effective. See Part I, Item 4. Except for the items noted herein, no other changes have been made to the original Form 10-Q. This Form 10-Q/A has not been updated for events occurring after the filing of the original Form 10-Q and no attempt has been made in this Form 10-Q/A to modify or update other disclosures as presented in the original filing of the Form 10-Q, except as disclosed in Note 15 – Subsequent Events and Part II, Item 1A. Risk Factors. The following sections have been amended as a result of the restatement: • Part I, Item 1. Financial Information • Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations • Part I, Item 4. Controls and Procedures No other significant changes have been made to the original Form 10-Q except: • The updating throughout this report of references to Form 10-Q to Form 10-Q/A • The re-numbering throughout this report of references to the Notes to the Consolidated Financial Statements to reflect the addition of Note 2 In accordance with applicable SEC rules, this Form 10-Q/A includes certifications from our Chief Executive Officer and Principal Financial Officer dated as of the date of this filing.
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Title of 12(b) Security	Series A Common Stock, $.01 par value
Trading Symbol	AHC
Security Exchange Name	NYSE
Entity Filer Category	Accelerated Filer
Entity Interactive Data Current	Yes
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Series A
Entity Common Stock, Shares Outstanding		18,994,145
Series B
Entity Common Stock, Shares Outstanding		2,469,508

XML

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts receivable	$ 834	$ 581
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Series A
Common stock, shares, issued	20,854,771	20,854,728
Series B
Common stock, shares, issued	2,469,512	2,469,555
Treasury Stock | Series A
Treasury stock Series A, shares held	1,828,983	1,697,370

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Restatement of Financial Statements (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Changes and Error Corrections [Abstract]

Restatement of Financial Statements

The table below sets forth the impact of the restatement on the Consolidated Statements of Operations (unaudited).

	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated		As Previously Reported		Adjustment			As Restated
Net Operating Revenue:
Advertising and marketing services	$	25,920	$	(620)	$	25,300	$	49,961	$	(620)		$	49,341
Total net operating revenue		47,735		(620)		47,115		94,324		(620)			93,704
Operating Costs and Expense:
Other production, distribution and operating costs	$	24,465	$	(620)	$	23,845	$	46,649	$	(620)		$	46,029
Amortization		200		(60)		140		400		(184)			216
Total operating costs and expense		24,940		(680)		24,260		75,581		(804)			74,777
Operating income		22,795		60		22,855		18,743		184			18,927
Other income, net		1,161		(28)		1,133		2,058		(96)			1,962
Income Before Income Taxes		23,956		32		23,988		20,801		88			20,889
Income tax provision		7,095		365		7,460		6,952		(456)			6,496
Net Income		16,861		(333)		16,528		13,849		544			14,393
Per Share Basis
Net income
Basic and diluted	$	0.78	$	(0.01)	$	0.77	$	0.64	$	0.03	$		0.67

The table below sets forth the impact of the restatement on the Consolidated Statements of Comprehensive Income (Loss) (unaudited).

	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated		As Previously Reported		Adjustment		As Restated
Net Income	$	16,861	$	(333)	$	16,528	$	13,849	$	544	$	14,393
Total Comprehensive Income		16,923		(333)		16,590		13,974		544		14,518

The table below sets forth the impact of the restatement on the Consolidated Balance Sheet (unaudited).

	June 30, 2019
	As Previously Reported		Adjustment		As Restated
Assets
Intangible assets, net	$	3,384	$	(2,786)	$	598
Goodwill		15,566		(13,973)		1,593
Total assets		170,990		(16,759)		154,231
Liabilities and Shareholders’ Equity
Other accrued expense	$	4,430	$	671	$	5,101
Total current liabilities		30,820		671		31,491
Deferred income taxes, net		—		1,718		1,718
Other liabilities		4,679		96		4,775
Total liabilities		90,393		2,485		92,878
Accumulated deficit		(363,381)		(19,244)		(382,625)
Total shareholders’ equity		80,597		(19,244)		61,353
Total liabilities and shareholders’ equity		170,990		(16,759)		154,231

The table below sets forth the impact of the restatement on the Consolidated Statement of Cash Flows (unaudited).

	Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated
Operating Activities
Net income	$	13,849	$	544	$	14,393
Adjustments to reconcile net income used for operating activities:
Depreciation and amortization	$	5,119	$	(184)	$	4,935
Deferred income taxes		6,417		(1,127)		5,290
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Other accrued expenses	$	338	$	767	$	1,105

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Basis of Presentation and Recently Issued Accounting Standards

6 Months Ended

Jun. 30, 2019

Basis of Presentation and Recently Issued Accounting Standards [Abstract]

Basis of Presentation and Recently Issued Accounting Standards

Note 1:  Basis of Presentation and Recently Issued Accounting Standards

Description of Business.    A. H. Belo Corporation and subsidiaries are referred to collectively herein as “A. H. Belo” or the “Company.” The Company, headquartered in Dallas, Texas, is the leading local news and information publishing company in Texas. The Company has commercial printing, distribution and direct mail capabilities, as well as a presence in emerging media and digital marketing. While focusing on extending the Company’s media platforms, A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles. The Company publishes The Dallas Morning News  (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes, and various niche publications targeting specific audiences.

Basis of Presentation.     The interim consolidated financial statements included herein are unaudited; however, they include adjustments of a normal recurring nature which, in the Company’s opinion, are necessary to present fairly the interim consolidated financial information as of and for the periods indicated. All intercompany balances and transactions have been eliminated in consolidation. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2018. All dollar amounts presented herein, except share and per share amounts, are in thousands, unless the context indicates otherwise.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net operating revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates.

Recently Adopted Accounting Pronouncements.

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02 – Leases (Topic 842). This update requires an entity to recognize a right-of-use asset and a lease liability for virtually all of its leases. The liability will be equal to the present value of lease payments. The asset will generally be based on the liability. For income statement purposes operating leases will result in straight-line expense and finance leases will result in expenses similar to current capital leases. The guidance also requires additional disclosures to enable users of financial statements to understand the amount, timing and uncertainty of cash flows arising from leases. Since February 2016, the FASB issued clarifying updates to the new standard that did not change the core principle of ASU 2016-02. The new guidance will supersede virtually all existing lease guidance under GAAP and is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted ASU 2016-02 on January 1, 2019, using the modified retrospective approach; see Note 6 – Leases.  

New Accounting Pronouncements.    The FASB issued the following accounting pronouncements and guidance, which may be applicable to the Company but have not yet become effective.

In June 2016, the FASB issued ASU 2016-13 – Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. Since June 2016, the FASB issued clarifying updates to the new standard. The guidance will be effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

In August 2018, the FASB issued ASU 2018-14 – Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans. This update modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans by removing disclosures that are no longer considered cost beneficial, clarifying the specific requirements of disclosures and adding disclosure requirements identified as relevant. The guidance will be effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s financial statement disclosures.

In August 2018, the FASB issued ASU 2018-15 – Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. This update clarifies the accounting for implementation costs incurred in a cloud computing arrangement, or hosting arrangement, that is a service contract. Costs for implementation activities incurred during the application development stage will be capitalized depending on the nature of the costs, while costs incurred during the preliminary project and post implementation stages will be expensed as the activities are performed. The capitalized implementation costs will be expensed over the term of the hosting arrangement. The guidance will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

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Subsequent Events

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

Note 15: Subsequent Events

The Company evaluates subsequent events at the date of the consolidated balance sheet as well as conditions that arise after the balance sheet date but before the consolidated financial statements are issued. To the extent any events and conditions exist, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions. The Company re-evaluated subsequent events in connection with the restatement and reissuance of these financial statements for events which arose since the previously issued consolidated financial statements were issued through the date these consolidated financial statements were reissued. The Company is not aware of any subsequent events which would require recognition or disclosure in the consolidated financial statements other than those listed below.

Beginning in January 2020, there has been an outbreak of the Coronavirus Disease 2019 (“COVID-19” or “virus”), which has been declared a “pandemic” by the World Health Organization. The full impact of COVID-19 is unknown and rapidly evolving. The outbreak and any preventative or protective actions that the Company or its customers may take in respect of this virus may result in a period of disruption, including the Company’s financial reporting capabilities, its operations generally and could potentially impact the Company’s customers, distribution partners, advertisers, production facilities, and third parties. Any resulting financial impact cannot be reasonably estimated at this time, but may materially affect the business and the Company’s financial condition and results of operations. The extent to which the COVID-19 impacts the Company’s results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID-19 and the actions to contain the virus or treat its impact, among others. Media has been designated an essential business, therefore the Company’s operationsare continuing. The Company is experiencing an increasein digitalsubscriptions, which may not completely offset theloss of advertisingrevenue. The Company is currently evaluating and quantifying the impact on its consolidated financial statements.

In response to COVID-19, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March27, 2020. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary changes to the prior and future limitations on interest deductions, temporary suspension of certain payment requirements for the employer portion of Social Security taxes, technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property, and the creation of certain refundable employee retention credits. This legislation was enacted before the date of filing this Form 10-Q/A and the effective date is subsequent to June 30, 2019. The Company is currently evaluating the impact on its consolidated financial statements and has not yet quantified what material impacts to the financial statements (if any) may result from the CARES Act. The Company anticipates it may benefit from the temporary five-year net operating loss carryback provisions, the technical correction for qualified leasehold improvements, which changes 39-year property to 15-year property, eligible for 100% tax bonus depreciation, and potentially other provisions within the CARES Act. Where certain tax provisions of the CARES Act are determined to be applicable following the completion of the Company’s assessment, these may result in cash refunds and an income tax benefit recorded in the Consolidated Statements of Operations in the period in which the legislation was enacted.

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Earnings Per Share (Narrative) (Details) - shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0	697,652

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Acquisitions (Preliminary Allocation Of Purchase Price) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Apr. 01, 2019
Business Acquisition [Line Items]
Goodwill	$ 1,593
Cubic Creative, Inc.[Member]
Business Acquisition [Line Items]
Working capital, net of acquired cash		$ 297
Property, plant, and equipment		25
Other intangible assets		510
Goodwill	$ 1,593	1,593
Total		$ 2,425

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Leases (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2019	Jun. 30, 2019
Operating lease right-of-use assets			$ 22,222
Operating lease liabilities			25,376
Operating lease expense	$ 4,688
Forecast [Member]
Operating lease right-of-use assets		$ 505
Operating lease liabilities		$ 505
Cubic Creative, Inc.[Member]
Operating lease right-of-use assets			356
Operating lease liabilities			$ 356
Operating lease, lease not yet commenced, term of contract			5 years
Sublease [Member]
Sublease income expected for the remainder of 2019			$ 306
Sublease income expected in 2020			388
Sublease income expected in 2021			237
Sublease income expected in 2022			223
Sublease income expected in 2023			$ 129
Denton Publishing Company [Member] | Sublease [Member]
Operating leases remaining terms			4 years
Minimum
Operating leases remaining terms			1 year
Minimum | Sublease [Member]
Operating leases remaining terms			1 year
Maximum
Operating leases remaining terms			15 years
Maximum | Sublease [Member]
Operating leases remaining terms			2 years

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Shareholders' Equity (Policy)

6 Months Ended

Jun. 30, 2019

Shareholders' Equity [Abstract]

Shareholders' Equity, Policy

Accumulated other comprehensive loss.    Accumulated other comprehensive loss consists of actuarial gains and losses attributable to the A. H. Belo Pension Plans, gains and losses resulting from Pension Plans’ amendments and other actuarial experience attributable to other post-employment benefit (“OPEB”) plans. The Company records amortization of the components of accumulated other comprehensive loss in employee compensation and benefits in its Consolidated Statements of Operations. Gains and losses associated with the A. H. Belo Pension Plans are amortized over the weighted average remaining life expectancy of the Pension Plans’ participants. Gains and losses associated with the Company’s OPEB plans are amortized over the average remaining service period of active OPEB plans’ participants.

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating Activities
Net income (loss)	$ 14,393	$ (4,548)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization	4,935	5,408
Net periodic pension and other post-employment benefit	(1,637)	(1,861)
Share-based compensation		720
Bad debt expense	474	348
Deferred income taxes	5,290	(1,696)
(Gain) loss on sale/disposal of fixed assets	(25,908)	208
Asset impairments		(22)
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Accounts receivable	1,919	6,461
Inventories, prepaids and other current assets	(327)	2,289
Other assets	1,354	1,036
Accounts payable	(734)	(3,049)
Compensation and benefit obligations	(1,503)	(497)
Other accrued expenses	1,105	3,414
Advance subscription payments	(369)	(145)
Other post-employment benefits	(29)	(901)
Net cash provided by (used for) operating activities	(1,037)	7,165
Investing Activities
Purchases of assets	(457)	(3,697)
Sales of assets	4,597
Acquisitions, net of cash acquired	(2,425)
Net cash provided by (used for) investing activities	1,715	(3,697)
Financing Activities
Dividends paid	(3,447)	(3,552)
Shares repurchased	(527)	(825)
Net cash used for financing activities	(3,974)	(4,377)
Net decrease in cash and cash equivalents	(3,296)	(909)
Cash and cash equivalents, beginning of period	55,313	57,660
Cash and cash equivalents, end of period	52,017	56,751
Supplemental Disclosures
Income tax paid, net (refund)	895	(2,315)
Noncash investing and financing activities:
Investments in property, plant and equipment payable	102	170
Dividends payable	1,720	$ 1,786
Long-term note receivable for asset sales	$ 22,400

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Sales of Assets

6 Months Ended

Jun. 30, 2019

Sales of Assets [Abstract]

Sales of Assets

Note 14:  Sales of Assets

On May 17, 2019, the Company completed the sale of the real estate assets in downtown Dallas, Texas, previously used as the Company’s headquarters for a sale price of $28,000. The sale price consisted of $4,597 cash received, after selling costs of approximately $1,000, and a two-year seller-financed promissory note of $22,400, included in long-term note receivable in the Consolidated Balance Sheet. The sale provides the Company an additional $1,000 contingency payment if certain conditions are met, however at this time the Company does not believe these conditions are probable.

The promissory note is secured by a first lien deed of trust covering the property and bears interest payable in quarterly installments beginning July 1, 2019, continuing through its maturity on June 30, 2021, and includes a pre-payment feature. Interest will be accrued at 3.5 percent during the first year and at 4.5 percent during the second year.

In the second quarter of 2019, the Company recorded a pretax gain of $25,908,  included in gain on sale of assets, net in the Consolidated Statements of Operations. For tax purposes, the gain is fully offset by net operating loss carryforwards. These assets had a carrying value of $1,089, and were reported as assets held for sale in the Consolidated Balance Sheet as of December 31, 2018.

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Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 52,017	$ 55,313
Accounts receivable (net of allowance of $834 and $581 at June 30, 2019 and December 31, 2018, respectively)	20,468	22,057
Inventories	3,454	3,912
Prepaids and other current assets	5,808	5,023
Assets held for sale		1,089
Total current assets	81,747	87,394
Property, plant and equipment, at cost	423,389	422,966
Less accumulated depreciation	(401,393)	(396,705)
Property, plant and equipment, net	21,996	26,261
Operating lease right-of-use assets	22,222
Intangible assets, net	598	304
Goodwill	1,593
Deferred income taxes, net		3,572
Long-term note receivable	22,400
Other assets	3,675	5,029
Total assets	154,231	122,560
Current liabilities:
Accounts payable	6,062	6,334
Accrued compensation and benefits	7,484	8,294
Other accrued expense	5,101	5,586
Advance subscription payments	12,844	11,449
Total current liabilities	31,491	31,663
Long-term pension liabilities	30,105	31,889
Long-term operating lease liabilities	23,631
Other post-employment benefits	1,158	1,165
Deferred income taxes, net	1,718
Other liabilities	4,775	7,045
Total liabilities	92,878	71,762
Shareholders' equity:
Preferred stock, $.01 par value; Authorized 2,000,000 shares; none issued
Treasury stock, Series A, at cost; 1,828,983 and 1,697,370 shares held at June 30, 2019 and December 31, 2018, respectively	(13,128)	(12,601)
Additional paid-in capital	494,389	494,389
Accumulated other comprehensive loss	(37,516)	(37,641)
Accumulated deficit	(382,625)	(393,582)
Total shareholders’ equity	61,353	50,798
Total liabilities and shareholders’ equity	154,231	122,560
Series A
Shareholders' equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	209	209
Series B
Shareholders' equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	$ 24	$ 24

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Pension and Other Retirement Plans (Tables)

6 Months Ended

Jun. 30, 2019

Pension and Other Retirement Plans [Abstract]

Schedule of Net Periodic Pension Benefit

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Interest cost	$	1,975	$	1,797	$	3,949	$	3,593
Expected return on plans' assets		(2,866)		(2,893)		(5,733)		(5,787)
Amortization of actuarial loss		69		167		139		335
Net periodic pension benefit	$	(822)	$	(929)	$	(1,645)	$	(1,859)

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Restatement of Financial Statements (Impact of Restatement on Consolidated Statements of Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net Income	$ 16,528	$ (534)	$ 14,393	$ (4,548)
Total Comprehensive Income	16,590	$ (377)	14,518	$ (4,233)
Previously Reported [Member]
Net Income	16,861		13,849
Total Comprehensive Income	16,923		13,974
Adjustment [Member]
Net Income	(333)		544
Total Comprehensive Income	$ (333)		$ 544

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Pension and Other Retirement Plans

6 Months Ended

Jun. 30, 2019

Pension and Other Retirement Plans [Abstract]

Pension and Other Retirement Plans

Note 10:  Pension and Other Retirement Plans

Defined Benefit Plans.    The Company sponsors the A. H. Belo Pension Plans (the “Pension Plans”), which provide benefits to approximately 1,400 current and former employees of the Company. A. H. Belo Pension Plan I provides benefits to certain current and former employees primarily employed with The Dallas Morning News or the A. H. Belo corporate offices. A. H. Belo Pension Plan II provides benefits to certain former employees of The Providence Journal Company. This obligation was retained by the Company upon the sale of the newspaper operations of The Providence Journal.  No additional benefits are accruing under the A. H. Belo Pension Plans, as future benefits were frozen.

No contributions are required to the A. H. Belo Pension Plans in 2019 under the applicable tax and labor laws governing pension plan funding.

Net Periodic Pension Benefit

The Company’s estimates of net periodic pension expense or benefit are based on the expected return on plan assets, interest on the projected benefit obligations and the amortization of actuarial gains and losses that are deferred in accumulated other comprehensive loss. The table below sets forth components of net periodic pension benefit, which are included in other income, net in the Consolidated Statements of Operations.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Interest cost	$	1,975	$	1,797	$	3,949	$	3,593
Expected return on plans' assets		(2,866)		(2,893)		(5,733)		(5,787)
Amortization of actuarial loss		69		167		139		335
Net periodic pension benefit	$	(822)	$	(929)	$	(1,645)	$	(1,859)

Defined Contribution Plans.    The A. H. Belo Savings Plan (the “Savings Plan”), a defined contribution 401(k) plan, covers substantially all employees of A. H. Belo. Participants may elect to contribute a portion of their pretax compensation as provided by the Savings Plan and the Internal Revenue Code. Employees can contribute up to 100 percent of their annual eligible compensation less required withholdings and deductions up to statutory limits. The Company provides an ongoing dollar-for-dollar match of eligible employee contributions, up to 1.5 percent of the employees’ compensation. During the three months ended June 30, 2019 and 2018, the Company recorded expense of $112 and $211, respectively, and during the six months ended June 30, 2019 and 2018, the Company recorded expense of $325 and $454, respectively, for matching contributions to the Savings Plan.

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Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases

Note 6: Leases

Adoption of ASU 2016-02 – Leases (Topic 842)

On January 1, 2019, the Company adopted ASU 2016-02 using the modified retrospective approach applied to all leases with a remaining lease term greater than one year. Results for reporting periods beginning after January 1, 2019, are presented in accordance with the new guidance under ASU 2016-02, while prior period amounts are not restated. The adoption of the new lease guidance resulted in the Company recognizing operating lease right-of-use assets and lease liabilities based on the present value of remaining minimum lease payments. For the discount rate assumption, the implicit rate was not readily determinable in the Company’s lease agreements. Therefore, the Company used an estimated secured incremental borrowing rate, based on the Company’s credit rating, adjusted for the weighted average term of each lease in determining the present value of lease payments. There was no impact to opening retained earnings.

The Company elected the practical expedients available under ASU 2016-02 and applied them consistently to all applicable leases. The Company did not apply ASU 2016-02 to any leases with a remaining term of 12 months or less. For these leases, no asset or liability was recorded and lease expense continues to be recognized on a straight-line basis over the lease term. As allowed by the practical expedients, the Company does not reassess whether any expired or existing contracts are or contain leases, does not reassess the lease classification for any expired or existing leases and does not reassess initial direct costs for existing leases. Additionally, the Company does not separately identify lease and nonlease components, such as maintenance costs.

Lease Accounting

The Company has various operating leases primarily for office space and other distribution centers, some of which include escalating lease payments and options to extend or terminate the lease. The Company determines if a contract is a lease at the inception of the arrangement. The exercise of lease renewal options are at the Company’s sole discretion and options are recognized when it is reasonably certain the Company will exercise the option. The Company’s leases have remaining terms of less than one year to 15 years. The Company does not have lease agreements with residual value guarantees, sale leaseback terms or material restrictive covenants.

The Company has a sublease with Denton Publishing Company for a remaining term of approximately four years. Additionally, the Company has various subleases with distributors, for distribution center space, with varying remaining lease terms of less than one year to two years and are cancellable with notice by either party. As of June 30, 2019, sublease income is expected to approximate $306 for the remainder of 2019, $388 in 2020, $237 in 2021, $223 in 2022, and $129 in 2023.

Operating lease right-of-use assets and liabilities are recognized at commencement date of lease agreements greater than one year based on the present value of lease payments over the lease term. Lease expense is recognized on a straight-line basis over the lease term and variable lease costs are expensed as incurred. In the second quarter of 2019, the Company recorded an additional right-of use asset and liability of $356 as a result of the Cubic acquisition. As of June 30, 2019, the Company entered into one additional operating lease that will commence on September 1, 2019, with a lease term of five years, resulting in an additional right-of-use asset and liability of approximately $505 that will be recorded in the third quarter of 2019.

The table below sets forth supplemental Consolidated Balance Sheet information for the Company’s leases.

	Classification	June 30, 2019
Assets
Operating	Operating lease right-of-use assets	$	22,222
Liabilities
Operating
Current	Other accrued expense	$	1,745
Noncurrent	Long-term operating lease liabilities		23,631
Total lease liabilities		$	25,376
Lease Term and Discount Rate
Operating leases
Weighted average remaining lease term (years)			12.0
Weighted average discount rate			7.5	%

The table below sets forth components of lease expense and supplemental cash flow information for the Company’s leases.

	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Lease Cost
Operating lease cost	$	1,062	$	2,100
Short-term lease cost		45		91
Variable lease cost		155		245
Sublease income		(182)		(343)
Total lease cost	$	1,080	$	2,093
Supplemental Cash Flow Information
Cash paid for operating leases included in operating activities			$	2,023

The table below sets forth the remaining maturities of the Company’s lease liabilities as of June 30, 2019.

Years Ending December 31,	Operating Leases
2019	$	1,726
2020		3,577
2021		3,547
2022		3,496
2023		3,018
Thereafter		24,506
Total lease payments		39,870
Less: imputed interest		14,494
Total lease liabilities	$	25,376

The table below sets forth the future minimum obligations for operating leases in effect as of December 31, 2018, as determined prior to the adoption of ASU 2016-02. Total operating lease expense was $4,688 for the year ended December 31, 2018.

		Total		2019		2020		2021		2022		2023		Thereafter
Operating lease commitments	$	41,837	$	4,403	$	3,588	$	3,575	$	3,467	$	3,533	$	23,271

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Restatement of Financial Statements

6 Months Ended

Jun. 30, 2019

Accounting Changes and Error Corrections [Abstract]

Restatement of Financial Statements

Note 2:  Restatement of Financial Statements

The Company restated its financial statements to amend its Consolidated Balance Sheet as of June 30, 2019, related to the corrections disclosed in the December 31, 2018 Form 10-K/A. In connection with the restatement, the Company re-calculated the income tax provision for the three and six months ended June 30, 2019, and the Company determined using an estimated annual effective tax rate to calculate the income tax provision was appropriate, compared to the discrete year-to-date calculation of income tax expense or benefit used in prior interim periods and in the original Form 10-Q. See Note 9 – Income Taxes. The Consolidated Statements of Operations for the three and six months ended June 30, 2019, were restated to reflect the re-calculated income tax provision primarily resulting from using an estimated annual effective tax rate, a reduction in other income, net for additional interest expense related to uncertain tax positions, and the reversal of amortization expense related to the Marketing Services long-lived assets impairment disclosed in the Form 10-K/A. See Note 7 – Goodwill and Intangible Assets.  The use of an estimated annual effective tax rate in determining the income tax provision and a correction to the calculation of uncertain tax positions resulted in adjustments to other accrued expense, deferred income taxes, net, and other liabilities in the Consolidated Balance Sheet as of June 30, 2019.

In addition, the Company determined that a new line of business associated with its acquisition of Cubic Creative, Inc. on April 1, 2019, where the Company acted as an agent was incorrectly accounted for in the original Form 10-Q. See Note 4 – Acquisitions. In the three and six months ended June 30, 2019, revenue and expense were immaterially overstated by the same amount, resulting in no impact to operating income (loss), net income (loss), retained earnings or earnings per share. The Company corrected this error and the restated Consolidated Statements of Operations for the three and six months ended June 30, 2019, reflect the associated reduction in advertising and marketing services revenue and in other production, distribution and operating costs.

The table below sets forth the impact of the restatement on the Consolidated Statements of Operations (unaudited).

	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated		As Previously Reported		Adjustment			As Restated
Net Operating Revenue:
Advertising and marketing services	$	25,920	$	(620)	$	25,300	$	49,961	$	(620)		$	49,341
Total net operating revenue		47,735		(620)		47,115		94,324		(620)			93,704
Operating Costs and Expense:
Other production, distribution and operating costs	$	24,465	$	(620)	$	23,845	$	46,649	$	(620)		$	46,029
Amortization		200		(60)		140		400		(184)			216
Total operating costs and expense		24,940		(680)		24,260		75,581		(804)			74,777
Operating income		22,795		60		22,855		18,743		184			18,927
Other income, net		1,161		(28)		1,133		2,058		(96)			1,962
Income Before Income Taxes		23,956		32		23,988		20,801		88			20,889
Income tax provision		7,095		365		7,460		6,952		(456)			6,496
Net Income		16,861		(333)		16,528		13,849		544			14,393
Per Share Basis
Net income
Basic and diluted	$	0.78	$	(0.01)	$	0.77	$	0.64	$	0.03	$		0.67

The table below sets forth the impact of the restatement on the Consolidated Statements of Comprehensive Income (Loss) (unaudited).

	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated		As Previously Reported		Adjustment		As Restated
Net Income	$	16,861	$	(333)	$	16,528	$	13,849	$	544	$	14,393
Total Comprehensive Income		16,923		(333)		16,590		13,974		544		14,518

The table below sets forth the impact of the restatement on the Consolidated Balance Sheet (unaudited).

	June 30, 2019
	As Previously Reported		Adjustment		As Restated
Assets
Intangible assets, net	$	3,384	$	(2,786)	$	598
Goodwill		15,566		(13,973)		1,593
Total assets		170,990		(16,759)		154,231
Liabilities and Shareholders’ Equity
Other accrued expense	$	4,430	$	671	$	5,101
Total current liabilities		30,820		671		31,491
Deferred income taxes, net		—		1,718		1,718
Other liabilities		4,679		96		4,775
Total liabilities		90,393		2,485		92,878
Accumulated deficit		(363,381)		(19,244)		(382,625)
Total shareholders’ equity		80,597		(19,244)		61,353
Total liabilities and shareholders’ equity		170,990		(16,759)		154,231

The table below sets forth the impact of the restatement on the Consolidated Statement of Cash Flows (unaudited).

	Six Months Ended June 30, 2019
	As Previously Reported		Adjustment		As Restated
Operating Activities
Net income	$	13,849	$	544	$	14,393
Adjustments to reconcile net income used for operating activities:
Depreciation and amortization	$	5,119	$	(184)	$	4,935
Deferred income taxes		6,417		(1,127)		5,290
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Other accrued expenses	$	338	$	767	$	1,105

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Pension and Other Retirement Plans (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) employee	Jun. 30, 2018 USD ($)
Defined Benefit Plan Disclosure
Number of employee participants | employee			1,400
401(K) plan
Defined Contribution Plans
Maximum pretax contribution per employee			100.00%
Defined contribution plan, employer matching contribution, percent			1.50%
Expense recognized	$ 112,000	$ 211,000	$ 325,000	$ 454,000
Pension Plan
Defined Benefit Plan, Estimated Future Employer Contributions
Estimated future employer contributions	$ 0		$ 0

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Goodwill and Intangible Assets (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Apr. 01, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,593,000		$ 1,593,000
Net carrying value	598,000		598,000			$ 304,000
Amortization expense	140,000	$ 200,000	216,000	$ 400,000
Publishing [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets excluding goodwill	0		0
Goodwill	0		0
Cubic Creative, Inc.[Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill	1,593,000		1,593,000		$ 1,593,000
Customer Relationships [Member] | Marketing Services [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets excluding goodwill	510,000		$ 510,000
Definite-lived intangibles, useful life			2 years
Net carrying value	446,000		$ 446,000
Developed Technology [Member] | Marketing Services [Member]
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangibles	1,520,000		1,520,000
Net carrying value that will be fully expensed by end of 2019	$ 152,000		$ 152,000
Definite-lived intangibles, useful life			5 years

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Leases (Schedule of Components of Lease Expense and Supplemental Cash Flow Information for Leases) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Lease, Cost [Abstract]
Operating lease cost	$ 1,062	$ 2,100
Short-term lease cost	45	91
Variable lease cost	155	245
Sublease income	(182)	(343)
Total lease cost	$ 1,080	2,093
Cash paid for operating leases included in operating activities		$ 2,023

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Segment Reporting (Reportable Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenue	$ 47,115	$ 51,169	$ 93,704	$ 100,622
Operating Income (Loss)	22,855	(1,367)	18,927	(7,584)
Depreciation	2,333	2,535	4,719	5,008
Gain on sale of assets, net	(25,908)		(25,908)
Amortization	140	200	216	400
Asset impairments		(22)		(22)
Total Assets	154,231		154,231		$ 122,560
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	47,115	51,169	93,704	100,622
Operating Income (Loss)	22,855	(1,367)	18,927	(7,584)
Total Assets	154,231		154,231		122,560
Operating Segments [Member] | Publishing [Member]
Segment Reporting Information [Line Items]
Revenue	40,915	45,085	81,618	88,714
Operating Income (Loss)	22,742	(1,799)	18,702	(8,101)
Depreciation	2,263	2,498	4,580	4,934
Gain on sale of assets, net	(25,908)		(25,908)
Asset impairments		(22)		(22)
Total	(23,645)	2,476	(21,328)	4,912
Total Assets	141,938		141,938		117,289
Operating Segments [Member] | Marketing Services [Member]
Segment Reporting Information [Line Items]
Revenue	6,200	6,084	12,086	11,908
Operating Income (Loss)	113	432	225	517
Depreciation	70	37	139	74
Amortization	140	200	216	400
Total	210	$ 237	355	$ 474
Total Assets	$ 12,293		$ 12,293		$ 5,271

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Revenue (Remaining Performance Obligations, Start Date ) (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 3,004
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
Revenue, remaining performance obligation	$ 809
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, remaining performance obligation	$ 1,196
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, remaining performance obligation	$ 886
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, remaining performance obligation	$ 113

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Sales of Assets (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	May 17, 2019	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate assets			$ 4,597
Pretax gain on sale of real estate		$ 25,908	$ 25,908
Assets held for sale				$ 1,089
Dallas, Texas [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of real estate assets, amount	$ 28,000
Proceeds from sale of real estate assets	4,597
Real estate assets selling costs	1,000
Note receivable	$ 22,400
Notes receivable term	2 years
Additional contingency payment receivable if certain conditions are met	$ 1,000
Interest rate on promissory note during first year			3.50%
Interest rate on promissory note during second year			4.50%

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Basis of Presentation and Recently Issued Accounting Standards (Policy)

6 Months Ended

Jun. 30, 2019

Basis of Presentation and Recently Issued Accounting Standards [Abstract]

Description of Business, Policy

Description of Business.    A. H. Belo Corporation and subsidiaries are referred to collectively herein as “A. H. Belo” or the “Company.” The Company, headquartered in Dallas, Texas, is the leading local news and information publishing company in Texas. The Company has commercial printing, distribution and direct mail capabilities, as well as a presence in emerging media and digital marketing. While focusing on extending the Company’s media platforms, A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles. The Company publishes The Dallas Morning News  (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes, and various niche publications targeting specific audiences.

Basis of Presentation, Policy

Basis of Presentation.     The interim consolidated financial statements included herein are unaudited; however, they include adjustments of a normal recurring nature which, in the Company’s opinion, are necessary to present fairly the interim consolidated financial information as of and for the periods indicated. All intercompany balances and transactions have been eliminated in consolidation. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2018. All dollar amounts presented herein, except share and per share amounts, are in thousands, unless the context indicates otherwise.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net operating revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates.

Recently Adopted Accounting Pronouncements, policy

Recently Adopted Accounting Pronouncements.

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02 – Leases (Topic 842). This update requires an entity to recognize a right-of-use asset and a lease liability for virtually all of its leases. The liability will be equal to the present value of lease payments. The asset will generally be based on the liability. For income statement purposes operating leases will result in straight-line expense and finance leases will result in expenses similar to current capital leases. The guidance also requires additional disclosures to enable users of financial statements to understand the amount, timing and uncertainty of cash flows arising from leases. Since February 2016, the FASB issued clarifying updates to the new standard that did not change the core principle of ASU 2016-02. The new guidance will supersede virtually all existing lease guidance under GAAP and is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted ASU 2016-02 on January 1, 2019, using the modified retrospective approach; see Note 6 – Leases.  

New Accounting Pronouncements, policy

New Accounting Pronouncements.    The FASB issued the following accounting pronouncements and guidance, which may be applicable to the Company but have not yet become effective.

In June 2016, the FASB issued ASU 2016-13 – Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. Since June 2016, the FASB issued clarifying updates to the new standard. The guidance will be effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

In August 2018, the FASB issued ASU 2018-14 – Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans. This update modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans by removing disclosures that are no longer considered cost beneficial, clarifying the specific requirements of disclosures and adding disclosure requirements identified as relevant. The guidance will be effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s financial statement disclosures.

In August 2018, the FASB issued ASU 2018-15 – Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. This update clarifies the accounting for implementation costs incurred in a cloud computing arrangement, or hosting arrangement, that is a service contract. Costs for implementation activities incurred during the application development stage will be capitalized depending on the nature of the costs, while costs incurred during the preliminary project and post implementation stages will be expensed as the activities are performed. The capitalized implementation costs will be expensed over the term of the hosting arrangement. The guidance will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

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Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Note 12:  Earnings Per Share

The table below sets forth the reconciliation for net income (loss) and weighted average shares used for calculating basic and diluted earnings per share (“EPS”). The Company’s Series A and Series B common stock equally share in the distributed and undistributed earnings.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
		(Restated)				(Restated)
Earnings (Numerator)
Net income (loss)	$	16,528	$	(534)	$	14,393	$	(4,548)
Less: dividends to participating securities		—		49		—		94
Net income (loss) available to common shareholders	$	16,528	$	(583)	$	14,393	$	(4,642)
Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)		21,525,971		21,738,545		21,578,014		21,756,678
Income (Loss) Per Share
Basic and diluted	$	0.77	$	(0.03)	$	0.67	$	(0.21)

There were no options or RSUs outstanding as of June 30, 2019, that would result in dilution of shares.

In 2018, holders of service-based restricted stock units (“RSUs”) participated in A. H. Belo dividends on a one-for-one share basis. Distributed and undistributed income associated with participating securities was included in the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share. The Company considered outstanding stock options and RSUs in the calculation of earnings per share. A total of 697,652 options and RSUs outstanding as of June 30, 2018, were excluded from the calculation because the effect was anti-dilutive.

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Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net Operating Revenue:
Total net operating revenue	$ 47,115	$ 51,169	$ 93,704	$ 100,622
Operating Costs and Expense:
Employee compensation and benefits	19,828	21,529	40,952	46,201
Other production, distribution and operating costs	23,845	22,833	46,029	45,847
Newsprint, ink and other supplies	4,022	5,461	8,769	10,772
Depreciation	2,333	2,535	4,719	5,008
Amortization	140	200	216	400
Gain on sale of assets, net	25,908		25,908
Asset impairments		(22)		(22)
Total operating costs and expense	24,260	52,536	74,777	108,206
Operating income (loss)	22,855	(1,367)	18,927	(7,584)
Other income, net	1,133	891	1,962	1,779
Income (Loss) Before Income Taxes	23,988	(476)	20,889	(5,805)
Income tax provision (benefit)	7,460	58	6,496	(1,257)
Net Income (Loss)	$ 16,528	$ (534)	$ 14,393	$ (4,548)
Per Share Basis
Net income (loss), Basic and diluted	$ 0.77	$ (0.03)	$ 0.67	$ (0.21)
Number of common shares used in the per share calculation:
Basic and diluted	21,525,971	21,738,545	21,578,014	21,756,678
Advertising And Marketing Services [Member]
Net Operating Revenue:
Total net operating revenue	$ 25,300	$ 26,397	$ 49,341	$ 52,138
Circulation [Member]
Net Operating Revenue:
Total net operating revenue	17,013	17,921	34,286	35,668
Printing, Distribution And Other [Member]
Net Operating Revenue:
Total net operating revenue	$ 4,802	$ 6,851	$ 10,077	$ 12,816

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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Reportable Segment Information

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
		(Restated)		(Recast)		(Restated)		(Recast)
Revenue
Publishing	$	40,915	$	45,085	$	81,618	$	88,714
Marketing Services		6,200		6,084		12,086		11,908
Total	$	47,115	$	51,169	$	93,704	$	100,622
Operating Income (Loss)
Publishing	$	22,742	$	(1,799)	$	18,702	$	(8,101)
Marketing Services		113		432		225		517
Total	$	22,855	$	(1,367)	$	18,927	$	(7,584)
Noncash Expenses
Publishing
Depreciation	$	2,263	$	2,498	$	4,580	$	4,934
Gain on sale of assets, net		(25,908)		—		(25,908)		—
Asset impairments		—		(22)		—		(22)
Total	$	(23,645)	$	2,476	$	(21,328)	$	4,912
Marketing Services
Depreciation	$	70	$	37	$	139	$	74
Amortization		140		200		216		400
Total	$	210	$	237	$	355	$	474

	June 30,		December 31,
	2019		2018
		(Restated)		(Restated)
Total Assets
Publishing	$	141,938	$	117,289
Marketing Services		12,293		5,271
Total	$	154,231	$	122,560

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Consolidated Statements of Shareholders' Equity - USD ($)	Common Stock [Member] Series A	Common Stock [Member] Series B	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock Series A	Treasury Stock	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Dec. 31, 2017			$ 232,000	$ 494,989,000		$ (11,302,000)	$ (24,932,000)	$ (361,288,000)	$ 97,699,000
Beginning Balance, Shares Common Stock at Dec. 31, 2017	20,700,292	2,469,755
Beginning Balance, Treasury Stock at Dec. 31, 2017					(1,430,961)
Net income (loss)								(4,548,000)	(4,548,000)
Other comprehensive income							315,000		315,000
Shares repurchased, shares					(160,180)
Shares repurchased						(825,000)			(825,000)
Issuance of shares for restricted stock units, shares	151,236
Issuance of shares for restricted stock units			1,000	(1,000)
Share-based compensation				720,000					720,000
Conversion of Series B to Series A, shares	120	(120)
Dividends declared								(3,564,000)	(3,564,000)
Ending Balance at Jun. 30, 2018			233,000	495,708,000		(12,127,000)	(24,617,000)	(369,400,000)	89,797,000
Ending Balance, Shares Common Stock at Jun. 30, 2018	20,851,648	2,469,635
Ending Balance, Shares Treasury Stock at Jun. 30, 2018					(1,591,141)
Beginning Balance at Mar. 31, 2018			233,000	495,605,000		(11,857,000)	(24,774,000)	(367,083,000)	92,124,000
Beginning Balance, Shares Common Stock at Mar. 31, 2018	20,817,514	2,469,635
Beginning Balance, Treasury Stock at Mar. 31, 2018					(1,539,739)
Net income (loss)								(534,000)	(534,000)
Other comprehensive income							157,000		157,000
Shares repurchased, shares					(51,402)
Shares repurchased						(270,000)			(270,000)
Issuance of shares for restricted stock units, shares	34,134
Share-based compensation				103,000					103,000
Dividends declared								(1,783,000)	(1,783,000)
Ending Balance at Jun. 30, 2018			233,000	495,708,000		(12,127,000)	(24,617,000)	(369,400,000)	89,797,000
Ending Balance, Shares Common Stock at Jun. 30, 2018	20,851,648	2,469,635
Ending Balance, Shares Treasury Stock at Jun. 30, 2018					(1,591,141)
Beginning Balance at Dec. 31, 2018			233,000	494,389,000		(12,601,000)	(37,641,000)	(393,582,000)	50,798,000
Beginning Balance, Shares Common Stock at Dec. 31, 2018	20,854,728	2,469,555
Beginning Balance, Treasury Stock at Dec. 31, 2018					(1,697,370)
Net income (loss)								14,393,000	14,393,000
Other comprehensive income							125,000		125,000
Shares repurchased, shares					(131,613)
Shares repurchased						(527,000)			(527,000)
Conversion of Series B to Series A, shares	43	(43)
Dividends declared								(3,436,000)	(3,436,000)
Ending Balance at Jun. 30, 2019			233,000	494,389,000	$ (1,828,983)	(13,128,000)	(37,516,000)	(382,625,000)	61,353,000
Ending Balance, Shares Common Stock at Jun. 30, 2019	20,854,771	2,469,512
Ending Balance, Shares Treasury Stock at Jun. 30, 2019					(1,828,983)
Beginning Balance at Mar. 31, 2019			233,000	494,389,000		(12,941,000)	(37,578,000)	(397,437,000)	46,666,000
Beginning Balance, Shares Common Stock at Mar. 31, 2019	20,854,739	2,469,544
Beginning Balance, Treasury Stock at Mar. 31, 2019					(1,780,899)
Net income (loss)								16,528,000	16,528,000
Other comprehensive income							62,000		62,000
Shares repurchased, shares					(48,084)
Shares repurchased						(187,000)			(187,000)
Conversion of Series B to Series A, shares	32	(32)
Dividends declared								(1,716,000)	(1,716,000)
Ending Balance at Jun. 30, 2019			$ 233,000	$ 494,389,000	$ (1,828,983)	$ (13,128,000)	$ (37,516,000)	$ (382,625,000)	$ 61,353,000
Ending Balance, Shares Common Stock at Jun. 30, 2019	20,854,771	2,469,512
Ending Balance, Shares Treasury Stock at Jun. 30, 2019					(1,828,983)

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Related Party Transactions

6 Months Ended

Jun. 30, 2019

Related Party Transactions [Abstract]

Related Party Transactions

Note 8:  Related Party Transactions

On March 1, 2019, the Company made a loan of $200 to eSite Analytics, Inc. As of June 30, 2019 and December 31, 2018, the Company had a note receivable of $775 and $650, respectively, included in prepaids and other current assets, and other assets in the Consolidated Balance Sheets, respectively. The Company accounts for eSite Analytics, Inc. as an equity method investment.

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Acquisitions

6 Months Ended

Jun. 30, 2019

Acquisitions [Abstract]

Acquisitions

Note 4:  Acquisitions

On April 1, 2019, the Company completed the acquisition of certain assets of Cubic, Inc. for a cash purchase price of $2,425, net of $213 cash acquired. Transaction costs related to the purchase were a component of other production, distribution and operating costs in the Consolidated Statements of Operations and totaled $92, of which $63 and $86 were incurred in the three and six months ended June 30, 2019, respectively.

The new entity Cubic Creative, Inc. (“Cubic Creative”) is located in Tulsa, Oklahoma and has approximately 25 employees. This acquisition adds creative strategy services, which will be complementary to service offerings currently available to A. H. Belo clients. The expected benefit from providing these additional services was attributed to goodwill, all of which is expected to be deductible for tax purposes. The acquired operations will be included in the Marketing Services segment.

As of June 30, 2019, the Company was in the process of finalizing the business valuation and its allocation to underlying assets and liabilities. The table below sets forth the preliminary allocation of the purchase price, which is subject to adjustment upon finalization.

		Estimated Fair Value
Working capital, net of acquired cash	$	297
Property, plant and equipment		25
Other intangible assets		510
Goodwill		1,593
Total	$	2,425

Operating results of the business acquired have been included in the Consolidated Statements of Operations from the acquisition date forward. Pro forma results of the Company, assuming the acquisition had occurred at the beginning of each period presented, would not be materially different from the results reported.

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Restatement of Financial Statements (Impact of Restatement on Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Operating Activities
Net Income	$ 16,528	$ (534)	$ 14,393	$ (4,548)
Adjustments to reconcile net income used for operating activities:
Depreciation and amortization			4,935	5,408
Deferred income taxes			5,290	(1,696)
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Other accrued expenses			1,105	$ 3,414
Previously Reported [Member]
Operating Activities
Net Income	16,861		13,849
Adjustments to reconcile net income used for operating activities:
Depreciation and amortization			5,119
Deferred income taxes			6,417
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Other accrued expenses			338
Adjustment [Member]
Operating Activities
Net Income	$ (333)		544
Adjustments to reconcile net income used for operating activities:
Depreciation and amortization			(184)
Deferred income taxes			(1,127)
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Other accrued expenses			$ 767

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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of Supplemental Consolidated Balance Sheet Information for Leases

	Classification	June 30, 2019
Assets
Operating	Operating lease right-of-use assets	$	22,222
Liabilities
Operating
Current	Other accrued expense	$	1,745
Noncurrent	Long-term operating lease liabilities		23,631
Total lease liabilities		$	25,376
Lease Term and Discount Rate
Operating leases
Weighted average remaining lease term (years)			12.0
Weighted average discount rate			7.5	%

Schedule of Components of Lease Expense and Supplemental Cash Flow Information for Leases

	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Lease Cost
Operating lease cost	$	1,062	$	2,100
Short-term lease cost		45		91
Variable lease cost		155		245
Sublease income		(182)		(343)
Total lease cost	$	1,080	$	2,093
Supplemental Cash Flow Information
Cash paid for operating leases included in operating activities			$	2,023

Schedule of Remaining Maturities of Lease Liabilities

Years Ending December 31,	Operating Leases
2019	$	1,726
2020		3,577
2021		3,547
2022		3,496
2023		3,018
Thereafter		24,506
Total lease payments		39,870
Less: imputed interest		14,494
Total lease liabilities	$	25,376

Schedule of Future Minimum Obligations for Operating Leases as Determined Prior to Adoption of ASU 2016-02

		Total		2019		2020		2021		2022		2023		Thereafter
Operating lease commitments	$	41,837	$	4,403	$	3,588	$	3,575	$	3,467	$	3,533	$	23,271

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
		(Restated)				(Restated)
Earnings (Numerator)
Net income (loss)	$	16,528	$	(534)	$	14,393	$	(4,548)
Less: dividends to participating securities		—		49		—		94
Net income (loss) available to common shareholders	$	16,528	$	(583)	$	14,393	$	(4,642)
Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)		21,525,971		21,738,545		21,578,014		21,756,678
Income (Loss) Per Share
Basic and diluted	$	0.77	$	(0.03)	$	0.67	$	(0.21)

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Related Party Transactions (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 01, 2019	Dec. 31, 2018
eSite Analytics, Inc. [Member]
Notes receivable	$ 775	$ 200	$ 650

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Leases (Schedule of Remaining Maturities of Lease Liabilities) (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2019	$ 1,726
2020	3,577
2021	3,547
2022	3,496
2023	3,018
Thereafter	24,506
Total lease payments	39,870
Less: imputed interest	14,494
Total lease liabilities	$ 25,376

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Shareholders' Equity (Narrative) (Details) - $ / shares	6 Months Ended
	Jun. 30, 2019	May 09, 2019	Dec. 31, 2018
Shareholders' Equity [Line Items]
Dividends payable, date declared	May 09, 2019
Dividends payable, amount per share		$ 0.08
Dividends payable, date of record	Aug. 16, 2019
Dividends payable, date to be paid	Sep. 06, 2019
Stock repurchase program, number of shares authorized to be repurchased	1,500,000
Series A
Shareholders' Equity [Line Items]
Common stock, shares, outstanding	19,025,788		19,157,358
Series B
Shareholders' Equity [Line Items]
Common stock, shares, outstanding	2,469,512		2,469,555

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Income Taxes

6 Months Ended

Jun. 30, 2019

Income Taxes [Abstract]

Income Taxes

Note 9:  Income Taxes

The Company historically determined the quarterly income tax provision using a discrete year-to-date calculation due to volatility in the newspaper industry and the resulting inability to reliably forecast income or loss before income taxes. In connection with the restatement, the Company re-calculated the income tax provision for the three and six months ended June 30, 2019 using an estimated annual effective tax rate based on its annual income before income taxes, adjusted for permanent differences, which it applied to the year-to-date income (loss) before income taxes. Although volatility still exists in the newspaper industry, the Company is appropriately using an estimated annual effective tax rate to calculate its quarterly income tax provision, given the Company’s ability to reliably forecast for the current annual period.

The Company recognized income tax provision (benefit) of $7,460 and $58 for the three months ended June 30, 2019 and 2018, respectively, and $6,496 and $(1,257) for the six months ended June 30, 2019 and 2018, respectively. Effective income tax rates were 31.1 percent and 21.7 percent for the six months endedJune 30, 2019 and 2018, respectively. The income tax provision for the three and six months ended June 30, 2019, was due to applying the estimated annual effective tax rate to year-to-date income, which included effects of the income generated from the sale of the Company’s former headquarters (see Note 14 – Sales of Assets), a decrease in the deferred tax asset, and the effect of the Texas margin tax.

A refund of $3,210 was received in the second quarter of 2018, for a tax benefit recognized in 2016 that was carried back against taxes paid in 2014.

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Revenue

6 Months Ended

Jun. 30, 2019

Revenue [Abstract]

Revenue

Note 5:  Revenue

Revenue Recognition

Revenue is recognized when obligations under the terms of a contract with our customer are satisfied. This occurs when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Sales tax collected concurrent with revenue-producing activities are excluded from revenue.

Accounts receivable are reported net of a valuation reserve that represents an estimate of amounts considered uncollectible. The Company estimates the allowance for doubtful accounts based on historical write-off experience and the Company’s knowledge of the customers’ ability to pay amounts due. Accounts are written-off after all collection efforts fail; generally, after one year has expired. Expense for such uncollectible amounts is included in other production, distribution and operating costs.

Notes receivable are recorded net of an allowance for doubtful accounts. Notes receivable primarily relates to the financed portion of the sale of the Company’s former headquarters (see Note 14 – Sales of Assets). Interest income is accrued on the unpaid principal balance. The Company puts notes receivable on non-accrual status and provides an allowance against accrued interest if it is determined the likelihood of collecting substantially all of the note and accrued interest is not probable. Notes are written-off against the allowance when all possible means of collection have been exhausted and the potential for recovery is considered remote.

The table below sets forth revenue disaggregated by revenue source.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018			2019	2018
		(Restated)				(Restated)
Advertising revenue (a)	$	19,100	$	20,313	$	37,255	$	40,230
Digital services (a)		5,005		4,899		9,314		9,367
Other services		1,195		1,185		2,772		2,541
Advertising and marketing services		25,300		26,397		49,341		52,138
Circulation		17,013		17,921		34,286		35,668
Printing, distribution and other		4,802		6,851		10,077		12,816
Total Revenue	$	47,115	$	51,169	$	93,704	$	100,622

(a) Due to the first quarter 2019 change to the segments (see Note 3 – Segment Reporting), revenue previously reported as advertising revenue is now reported as digital services revenue. The 2018 amounts for these revenue sources were recast for comparative purposes.

Advertising and Marketing Services Revenue

Advertising revenue, included in the Publishing segment results, is generated by selling print and digital advertising products. Print advertising revenue represents sales of advertising space within the Company’s core and niche newspapers, as well as preprinted advertisements inserted into the Company’s core newspapers and niche publications or distributed to non-subscribers through the mail. Digital advertising is generated by selling banner and real estate classified advertising on The Dallas Morning News’ website dallasnews.com, online employment and obituary classified advertising on third-party websites sold under a print/digital bundle package and sales of online automotive classifieds on the cars.com platform. The Company’s agreement to sell on the cars.com platform was not renewed and will end September 30, 2019.

Digital services and other services revenues are included in the Marketing Services segment results. Digital services revenue includes targeted and multi-channel (programmatic) advertising placed on third-party websites, content development, social media management, search optimization, creative strategy services and other consulting. Other services revenue is primarily generated from the sale of promotional merchandise.

Advertising and marketing services revenue is primarily recognized at a point in time when the ad or service is complete and delivered, based on the customers’ contract price. In addition, certain digital advertising revenue related to website access is recognized over time, based on the customers’ monthly rate.

For ads placed on certain third-party websites, the Company must evaluate whether it is acting as the principal, where revenue is reported on a gross basis, or acting as the agent, where revenue is reported on a net basis. Generally, the Company reports advertising revenue for ads placed on third-party websites on a net basis, meaning the amount recorded to revenue is the amount billed to the customer net of amounts paid to the publisher of the third-party website. The Company is acting as the agent because the publisher controls the advertising inventory.

Circulation

Circulation revenue, included in the Publishing segment results, is generated primarily by selling home delivery and digital subscriptions, as well as single copy sales to non-subscribers. Home delivery and single copy revenue is recognized at a point in time when the paper is delivered or purchased. Digital subscriptions are recognized over time, based on the customers’ monthly rate.

Printing, Distribution and Other

Printing, distribution and other revenue, included in the Publishing segment results, is primarily generated from printing and distribution of other newspapers, as well as production of preprinted advertisements for other newspapers. Printing, distribution and other revenue is recognized at a point in time when the product or service is delivered.

Remaining Performance Obligations

The Company has various Publishing advertising contracts and Marketing Services digital services contracts that range from 13 months to 36 months. The Company recognizes revenue on the advertising contracts over the term of the agreement at a point in time when the service or product is delivered. The Company recognizes revenue on the digital services contracts over time, based on the customers’ monthly rate. At June 30, 2019, the remaining performance obligation was $3,004. The Company expects to recognize $809 over the remainder of 2019, $1,196 in 2020, $886 in 2021, and $113 in 2022.

Deferred Revenue

Deferred revenue is recorded when cash payments are received in advance of the Company’s performance, including amounts which are refundable. The short-term and long-term deferred revenue balance as of June 30, 2019, was $13,280, included in advance subscription payments, other accrued expense and other liabilities in the Consolidated Balance Sheet. In the six months ended June 30, 2019, the balance increased $685,  primarily driven by cash payments received in advance of satisfying our performance obligations, offset by $9,706 of revenue recognized that was included in the deferred revenue balance as of December 31, 2018.

Practical Expedients and Exemptions

The Company generally expenses sales commissions and circulation acquisition costs when incurred because the amortization period would have been one year or less. These costs are recorded within employee compensation and benefits expense and other production, distribution and operating costs expense, respectively.

The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less and contracts for which revenue is recognized at the amount invoiced for services performed.

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Revenue (Tables)

6 Months Ended

Jun. 30, 2019

Revenue [Abstract]

Disaggregated By Revenue Source

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018			2019	2018
		(Restated)				(Restated)
Advertising revenue (a)	$	19,100	$	20,313	$	37,255	$	40,230
Digital services (a)		5,005		4,899		9,314		9,367
Other services		1,195		1,185		2,772		2,541
Advertising and marketing services		25,300		26,397		49,341		52,138
Circulation		17,013		17,921		34,286		35,668
Printing, distribution and other		4,802		6,851		10,077		12,816
Total Revenue	$	47,115	$	51,169	$	93,704	$	100,622

(a) Due to the first quarter 2019 change to the segments (see Note 3 – Segment Reporting), revenue previously reported as advertising revenue is now reported as digital services revenue. The 2018 amounts for these revenue sources were recast for comparative purposes.

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Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2019

Shareholders' Equity [Abstract]

Changes in Accumulated Other Comprehensive Loss

	Three Months Ended June 30,
	2019						2018
	Total		Defined benefit pension plans		Other post- employment benefit plans		Total		Defined benefit pension plans		Other post- employment benefit plans
Balance, beginning of period	$	(37,578)	$	(37,933)	$	355	$	(24,774)	$	(25,266)	$	492
Amortization		62		69		(7)		157		167		(10)
Balance, end of period	$	(37,516)	$	(37,864)	$	348	$	(24,617)	$	(25,099)	$	482

	Six Months Ended June 30,
	2019						2018
	Total		Defined benefit pension plans		Other post- employment benefit plans		Total		Defined benefit pension plans		Other post- employment benefit plans
Balance, beginning of period	$	(37,641)	$	(38,003)	$	362	$	(24,932)	$	(25,434)	$	502
Amortization		125		139		(14)		315		335		(20)
Balance, end of period	$	(37,516)	$	(37,864)	$	348	$	(24,617)	$	(25,099)	$	482

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Restatement of Financial Statements (Impact of Restatement on Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Assets [Abstract]
Intangible assets, net	$ 598		$ 304
Goodwill	1,593
Total Assets	154,231		122,560
Liabilities and Shareholders' Equity
Other accrued expense	5,101		5,586
Total current liabilities	31,491		31,663
Deferred income taxes, net	1,718
Other liabilities	4,775		7,045
Total liabilities	92,878		71,762
Accumulated deficit	(382,625)		(393,582)
Total shareholders' equity	61,353	$ 46,666	50,798	$ 89,797	$ 92,124	$ 97,699
Total liabilities and shareholders’ equity	154,231		$ 122,560
Previously Reported [Member]
Assets [Abstract]
Intangible assets, net	3,384
Goodwill	15,566
Total Assets	170,990
Liabilities and Shareholders' Equity
Other accrued expense	4,430
Total current liabilities	30,820
Other liabilities	4,679
Total liabilities	90,393
Accumulated deficit	(363,381)
Total shareholders' equity	80,597
Total liabilities and shareholders’ equity	170,990
Adjustment [Member]
Assets [Abstract]
Intangible assets, net	(2,786)
Goodwill	(13,973)
Total Assets	(16,759)
Liabilities and Shareholders' Equity
Other accrued expense	671
Total current liabilities	671
Deferred income taxes, net	1,718
Other liabilities	96
Total liabilities	2,485
Accumulated deficit	(19,244)
Total shareholders' equity	(19,244)
Total liabilities and shareholders’ equity	$ (16,759)

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Shareholders' Equity (Changes in Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	$ (37,578)	$ (24,774)	$ (37,641)	$ (24,932)
Amortization	62	157	125	315
Balance, end of period	(37,516)	(24,617)	(37,516)	(24,617)
Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	(37,933)	(25,266)	(38,003)	(25,434)
Amortization	69	167	139	335
Balance, end of period	(37,864)	(25,099)	(37,864)	(25,099)
Other Post-Employment Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	355	492	362	502
Amortization	(7)	(10)	(14)	(20)
Balance, end of period	$ 348	$ 482	$ 348	$ 482

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Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Taxes [Abstract]
Income tax provision (benefit)	$ 7,460	$ 58	$ 6,496	$ (1,257)
Effective income tax rate			31.10%	21.70%
Net refund resulting from carryback		$ 3,210

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Leases (Schedule of Future Minimum Obligations for Operating Leases as Determined Prior to Adoption of ASU 2016-02) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Remaining Maturities of Lease Liabilities [Abstract]
2019	$ 4,403
2020	3,588
2021	3,575
2022	3,467
2023	3,533
Thereafter	23,271
Total	$ 41,837

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Segment Reporting (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) segment	Jun. 30, 2018 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			2
Corporate expense	$ 24,260	$ 52,536	$ 74,777	$ 108,206
Publishing [Member]
Segment Reporting Information [Line Items]
Corporate expense	$ 6,361	$ 4,145	$ 11,566	$ 10,893

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Revenue (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 3,004
Deferred revenue balance	13,280
Increase in deferred revenue	$ 685
Deferred revenue, revenue recognized		$ 9,706
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation service contract period	13 months
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation service contract period	36 months

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Leases (Schedule of Supplemental Consolidated Balance Sheet Information for Leases) (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 22,222
Operating current: Other accrued expense	1,745
Operating noncurrent: Long-term operating lease liabilities	23,631
Total lease liabilities	$ 25,376
Operating leases weighted average remaining lease term (years)	12 years
Operating leases weighted average discount rate	7.50%

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Subsequent Events (Details) - Subsequent Event [Member]	Mar. 27, 2020	Mar. 26, 2020
The CARES Act [Member]
Subsequent Event [Line Items]
Temporary net operating loss carryback term	5 years
Leasehold Improvements [Member]
Subsequent Event [Line Items]
Estimated useful life		39 years
Leasehold Improvements [Member] | The CARES Act [Member]
Subsequent Event [Line Items]
Estimated useful life	15 years
Leasehold improvements, percentage of eligibility for tax bonus depreciation	100.00%

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Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net Income (Loss)	$ 16,528	$ (534)	$ 14,393	$ (4,548)
Other Comprehensive Income (Loss), Net of Tax:
Amortization of actuarial losses	62	157	125	315
Total other comprehensive income, net of tax	62	157	125	315
Total Comprehensive Income (Loss)	$ 16,590	$ (377)	$ 14,518	$ (4,233)

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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2019

Acquisitions [Abstract]

Preliminary Allocation Of Purchase Price

		Estimated Fair Value
Working capital, net of acquired cash	$	297
Property, plant and equipment		25
Other intangible assets		510
Goodwill		1,593
Total	$	2,425

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Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Consolidated Statements of Shareholders' Equity [Abstract]
Dividends declared per share, per quarter	$ 0.08	$ 0.08	$ 0.08	$ 0.08

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Pension And Other Retirement Plans (Policy)

6 Months Ended

Jun. 30, 2019

Pension and Other Retirement Plans [Abstract]

Pension, Policy

The Company’s estimates of net periodic pension expense or benefit are based on the expected return on plan assets, interest on the projected benefit obligations and the amortization of actuarial gains and losses that are deferred in accumulated other comprehensive loss.

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Contingencies

6 Months Ended

Jun. 30, 2019

Contingencies [Abstract]

Contingencies

Note 13:  Contingencies

Legal proceedings.    From time to time, the Company is involved in a variety of claims, lawsuits and other disputes arising in the ordinary course of business. Management routinely assesses the likelihood of adverse judgments or outcomes in these matters, as well as the ranges of probable losses to the extent losses are reasonably estimable. Accruals for contingencies are recorded when, in the judgment of management, adverse judgments or outcomes are probable and the financial impact, should an adverse outcome occur, is reasonably estimable. The determination of likely outcomes of litigation matters relates to factors that include, but are not limited to, past experience and other evidence, interpretation of relevant laws or regulations and the specifics and status of each matter. Predicting the outcome of claims and litigation and estimating related costs and financial exposure involves substantial uncertainties that could cause actual results to vary materially from estimates and accruals. In the opinion of management, liabilities, if any, arising from other currently existing claims against the Company would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.