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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 28, 2015
Jun. 30, 2016
Jun. 28, 2015
Operating revenues:        
Media $ 458,947 $ 417,049 $ 902,776 $ 813,466
Digital 352,838 339,623 690,741 674,697
Total 811,785 756,672 1,593,517 1,488,163
Operating expenses:        
Cost of revenues and operating expenses, exclusive of depreciation 255,472 239,910 503,728 466,487
Selling, general and administrative expenses, exclusive of depreciation 275,112 264,797 556,146 529,548
Depreciation 22,627 24,955 44,860 49,234
Amortization of intangible assets 28,252 28,966 56,542 57,654
Asset impairment charges and facility consolidation 3,728 12,355 3,728 17,079
Total 585,191 570,983 1,165,004 1,120,002
Operating income 226,594 185,689 428,513 368,161
Non-operating expenses:        
Equity loss in unconsolidated investees, net (5,914) (1,862) (2,981) (3,111)
Interest expense (56,141) (69,252) (117,854) (139,922)
Other non-operating expenses, net (2,548) (26,695) (169) (2,231)
Total (64,603) (97,809) (121,004) (145,264)
Income before income taxes 161,991 87,880 307,509 222,897
Provision for income taxes 47,606 33,724 89,714 84,739
Income from continuing operations 114,385 54,156 217,795 138,158
Income (loss) from discontinued operations, net of tax 0 77,337 (7,474) 120,818
Net income 114,385 131,493 210,321 258,976
Net income attributable to noncontrolling interests (14,934) (15,624) (25,426) (30,214)
Net income attributable to TEGNA Inc. $ 99,451 $ 115,869 $ 184,895 $ 228,762
Earnings from continuing operations per share - basic (in dollars per share) $ 0.46 $ 0.17 $ 0.88 $ 0.48
Earnings (loss) from discontinued operations per share - basic (in dollars per share) 0.00 0.34 (0.03) 0.53
Net income per share – basic (In dollars per share) 0.46 0.51 0.85 1.01
Earnings from continuing operations per share - diluted (in dollars per share) 0.45 0.17 0.87 0.47
Earnings (loss) from discontinued operations per share - diluted (in dollars per share) 0.00 0.33 (0.03) 0.52
Net income per share – diluted (In dollars per share) $ 0.45 $ 0.50 $ 0.84 $ 0.99
Weighted average number of common shares outstanding:        
Basic shares 216,518 226,538 217,902 226,814
Diluted shares 220,204 231,920 221,729 231,927
Dividends declared per share (in dollars per share) $ 0.14 $ 0.20 $ 0.28 $ 0.40