XML 60 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Income Statement [Abstract]        
Operating Revenues $ 1,521,392 $ 1,460,004 $ 2,994,157 $ 2,864,070
Operating Expenses:        
Cost of sales and operating expenses, exclusive of depreciation 710,865 775,627 1,411,504 1,543,159
Selling, general and administrative expenses, exclusive of depreciation 439,094 353,779 886,338 708,992
Depreciation 49,697 44,850 99,180 89,614
Amortization of intangible assets 32,575 14,471 64,662 32,214
Facility consolidation and asset impairment charges 20,795 28,775 33,179 43,595
Total 1,253,026 1,217,502 2,494,863 2,417,574
Operating income 268,366 242,502 499,294 446,496
Non-operating (expense) income:        
Equity income in unconsolidated investees, net 2,638 156,540 7,696 165,031
Interest expense (69,341) (64,148) (140,100) (133,796)
Other non-operating items (3,842) (2,982) 18,938 (23,730)
Total (70,545) 89,410 (113,466) 7,505
Income before income taxes 197,821 331,912 385,828 454,001
Provision for income taxes 66,331 106,000 126,854 158,500
Net income 131,490 225,912 258,974 295,501
Net income attributable to noncontrolling interests (15,623) (17,445) (30,213) (27,875)
Net income attributable to TEGNA Inc. $ 115,867 $ 208,467 $ 228,761 $ 267,626
Net income per share – basic (In dollars per share) $ 0.51 $ 0.92 $ 1.01 $ 1.18
Net income per share – diluted (In dollars per share) 0.50 0.90 0.99 1.15
Dividends declared per share (in dollars per share) $ 0.20 $ 0.20 $ 0.40 $ 0.40