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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Revenues $ 464,264 $ 519,617 $ 1,412,703 $ 1,457,233
Operating expenses:        
Cost of revenues, exclusive of depreciation 235,474 200,495 696,565 590,058
Business units - Selling, general and administrative expenses, exclusive of depreciation 70,914 83,039 214,645 246,280
Corporate - General and administrative expenses, exclusive of depreciation 12,881 16,027 42,462 43,865
Depreciation 15,186 13,212 41,721 42,653
Amortization of intangible assets 5,395 5,775 16,172 17,542
Asset impairment and facility consolidation charges 7,553 15,218 11,086 18,946
Total 347,403 333,766 1,022,651 959,344
Operating income 116,861 185,851 390,052 497,889
Non-operating income (expense):        
Equity income (loss) in unconsolidated investments, net 866 (1,198) (1,549) (2,763)
Interest expense (51,855) (57,601) (162,113) (175,444)
Other non-operating items (3,671) (11,874) (26,853) (16,029)
Total (54,660) (70,673) (190,515) (194,236)
Income before income taxes 62,201 115,178 199,537 303,653
Provision for income taxes 11,447 38,441 54,855 92,038
Net Income from continuing operations 50,754 76,737 144,682 211,615
(Loss) income from discontinued operations, net of tax (10,803) 56,698 (233,261) 132,141
Net income (loss) 39,951 133,435 (88,579) 343,756
Net loss (income) attributable to noncontrolling interests from discontinued operations 2,806 (14,752) 58,698 (40,178)
Net income (loss) attributable to TEGNA Inc. $ 42,757 $ 118,683 $ (29,881) $ 303,578
Earnings from continuing operations per share - basic (in dollars per share) $ 0.24 $ 0.36 $ 0.67 $ 0.98
(Loss) earnings from discontinued operations per share - basic (in dollars per share) (0.04) 0.19 (0.81) 0.42
Net income (loss) per share – basic (In dollars per share) 0.20 0.55 (0.14) 1.40
Earnings from continuing operations per share - diluted (in dollars per share) 0.23 0.35 0.66 0.96
(Loss) earnings from discontinued operations per share - diluted (in dollars per share) (0.04) 0.19 (0.80) 0.42
Net income (loss) per share – diluted (In dollars per share) $ 0.19 $ 0.54 $ (0.14) $ 1.38
Weighted average number of common shares outstanding:        
Basic shares 215,863 214,813 215,558 216,865
Diluted shares 218,095 218,099 217,827 220,511
Dividends declared per share (in dollars per share) $ 0.07 $ 0.14 $ 0.28 $ 0.42