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Earnings Per Share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

The Company computes earnings per share in accordance with FASB Accounting Standards Codification ("ASC") 260. Under this guidance, our unvested restricted share units issued in 2015 that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing basic earnings per share pursuant to the two-class method. The two-class method determines earnings per share for each class of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings.

Basic earnings per share has been computed using the weighted average number of common shares outstanding during each period. Diluted earnings per share attributable to common stockholders is computed by dividing the earnings attributable to common stockholders by the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding restricted stock units using the treasury stock method or if-converted method, whichever is more dilutive. The Company issued 24,378 shares of Journal Media Group common stock upon the completion of the separation on April 1, 2015, 14,450 of which was converted from shares of Scripps common stock. The weighted average number of common shares outstanding assumes the 14,450 shares of Journal Media Group common stock issued to Scripps shareholders were outstanding as of January 1, 2013. For 2015, the restricted share units (representing 559 potentially dilutive shares) were anti-dilutive.

The following table sets forth the computation of basic and diluted earnings per share for the year ended December 31, 2015 under the two-class method:
 
 
December 31, 2015
Undistributed net income (loss):
 
 
Net income
 
$
3,127

Less dividends paid:
 
 
Common stock
 
3,907

Unvested restricted share units
 
90

Total undistributed net income (loss)
 
$
(870
)
Undistributed net income (loss):
 
 
Common stock
 
$
(870
)
Unvested restricted share units
 
—

Total undistributed net income (loss)
 
$
(870
)
Basic earnings per share:
 
 
Distributed earnings per share
 
$
0.16

Undistributed loss per share
 
(0.04
)
Basic earnings per share
 
$
0.12

Diluted earnings (loss) per share:
 
 
Distributed earnings per share
 
$
0.16

Undistributed loss per share
 
(0.04
)
Diluted earnings per share
 
$
0.12

Weighted average shares outstanding:
 
 
Basic
 
21,949

Diluted
 
21,949

The following table sets for the computation of basic and diluted loss per share for the years ended December 31, 2014 and 2013:
 
 
December 31, 2014
 
December 31, 2013
 
 
 
 
 
Net loss
 
$
(25,766
)
 
$
(16,703
)
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
Basic
 
14,450

 
14,450

Diluted
 
14,450

 
14,450

 
 
 
 
 
Loss per share:
 
 
 
 
Basic
 
$
(1.78
)
 
$
(1.16
)
Diluted
 
$
(1.78
)
 
$
(1.16
)