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Shareholders' equity (Tables)
 12 Months Ended
Dec. 31, 2018
Shareholders' Equity and Share-based Payments [Abstract]  
Earnings (Loss) Per Share (Basic and Diluted)
Our earnings per share (basic and diluted) for 2018, 2017, and 2016 are presented below (in thousands, except per share amounts):
 
2018
 
2017
 
2016
Income from continuing operations
$
401,340

 
$
447,962

 
$
309,120

Income (loss) from discontinued operations, net of tax
4,325

 
(232,916
)
 
178,879

Net loss (income) attributable to noncontrolling interests from discontinued operations
—

 
58,698

 
(51,302
)
Net income attributable to TEGNA Inc.
$
405,665

 
$
273,744

 
$
436,697

 
 
 
 
 
 
Weighted average number of common shares outstanding - basic
216,184

 
215,587

 
216,358

Effect of dilutive securities
 
 
 
 
 
Restricted stock
139

 
659

 
1,424

Performance share units
97

 
550

 
997

Stock options
201

 
682

 
902

Weighted average number of common shares outstanding - diluted
216,621

 
217,478

 
219,681

 
 
 
 
 
 
Earnings from continuing operations per share - basic
$
1.86

 
$
2.08

 
$
1.43

Earnings from discontinued operations per share - basic
0.02

 
(0.81
)
 
0.59

Earnings per share - basic
$
1.88

 
$
1.27

 
$
2.02

 
 
 
 
 
 
Earnings from continuing operations per share - diluted
$
1.85

 
$
2.06

 
$
1.41

Earnings from discontinued operations per share - diluted
0.02

 
(0.80
)
 
0.58

Earnings per share - diluted
$
1.87

 
$
1.26

 
$
1.99
Assumptions Used to Estimate Fair Value of Option Awards
The following assumptions were used to estimate the fair value of PSUs:
PSU Activity
2017
 
2016
Expected term
3 yrs.
 
3 yrs.
Expected volatility
29.90%
 
39.60%
Risk-free interest rate
1.47%
 
1.31%
Expected dividend yield
2.62%
 
2.19%
Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income (Loss) for Equity Awards
The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards pertaining to continuing operations (in thousands):
 
2018
 
2017
 
2016
 
 
 
 
 
 
Restricted stock and RSUs
$
7,260

 
$
9,408

 
$
9,957

PSAs and PSUs
5,271

 
6,234

 
6,341

Stock options
—

 
427

 
—

Total stock-based compensation
12,531

 
16,069

 
16,298

Total income tax (provision) benefit
(184
)
 
7,442

 
12,677

Stock-based compensation net of tax
$
12,715

 
$
8,627

 
$
3,621
Summary of Restricted Stock and RSU Awards
A summary of restricted stock and RSU awards is presented below: 
 
2018
 
2017
 
2016
Restricted Stock and RSU Activity
Shares
 
Weighted
average
fair value
 
Shares
 
Weighted
average
fair value
 
Shares
 
Weighted
average
fair value
Unvested at beginning of year
1,062,550

 
$
21.29

 
1,143,421

 
$
25.66

 
2,126,526

 
$
21.55

Granted
1,198,787

 
11.99

 
989,443

 
19.41

 
616,743

 
25.08

Vested
(477,050
)
 
15.11

 
(1,162,231
)
 
25.18

 
(1,277,444
)
 
19.22

Canceled
(216,583
)
 
17.98

 
(514,460
)
 
21.49

 
(322,404
)
 
22.27

Adjustment due to spin-off of Cars.com (a)
—

 
 
 
606,377

 
 
 
—

 
 
Unvested at end of year (a)
1,567,704

 
$
14.65

 
1,062,550

 
$
21.29

 
1,143,421

 
$
25.66


(a) The weighted-average grant date fair value of the RSUs included in the line item “Adjustment due to spin-off of Cars.com” is equal to the weighted-average grant date fair value of the awards at their respective grant date divided by a factor of approximately 1.59. The weighted-average grant date fair value of the unvested RSUs as of Dec. 31, 2017 reflect the adjustment.
Schedule of Nonvested Performance-based Units Activity
A summary of our PSUs is presented below:
 
2018
 
2017
 
2016
PSUs Activity
Target number of shares
 
Weighted average fair value
 
Target number of shares
 
Weighted average fair value
 
Target number of shares
 
Weighted average fair value
Unvested at beginning of year
662,835

 
$
25.87

 
1,018,950

 
$
35.60

 
1,385,940

 
$
29.21

Granted
—

 


 
307,950

 
23.92

 
392,589

 
30.69

Vested
(383,095
)
 
27.19

 
(774,267
)
 
36.94

 
(687,125
)
 
20.12

Canceled
(28,900
)
 
25.39

 
(68,573
)
 
31.80

 
(72,454
)
 
34.96

Adjustment due to spin-off of Cars.com (a)
—

 
 
 
178,775

 
 
 
—

 
 
Unvested at end of year (a)
250,840

 
$
23.92

 
662,835

 
$
25.87

 
1,018,950

 
$
35.60


(a) The weighted-average grant date fair value of the PSUs included in the line item “Adjustment due to spin-off of Cars.com” is equal to the weighted-average grant date fair value of the awards at their respective grant date divided by a factor of approximately 1.59. The weighted-average grant date fair value of the unvested PSUs as of Dec. 31, 2017 reflect the adjustment.

PSAs: The PSAs were first granted in 2018. A summary 2018 activity for the PSAs is presented below:
 
2018
PSAs Activity
Target number of shares
 
Weighted average fair value
Unvested at beginning of year
—

 
 
Granted
565,187

 
$
12.05

Vested
(91,451
)
 
12.05

Canceled
(23,651
)
 
12.05

Unvested at end of year
450,085

 
$
12.05
Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables summarize the components of, and changes in AOCL, net of tax and noncontrolling interests (in thousands):
2018
Retirement Plans
 
Foreign Currency Translation
 
Total
Balance at beginning of year
$
(107,037
)
 
$
114

 
$
(106,923
)
Other comprehensive (loss) income before reclassifications
(14,450
)
 
268

 
(14,182
)
Amounts reclassified from AOCL
9,439

 
—

 
9,439

Total other comprehensive income
$
(5,011
)
 
$
268

 
$
(4,743
)
Reclassification of stranded tax effects to retained earnings
(24,845
)
 
—

 
(24,845
)
Balance at end of year
$
(136,893
)
 
$
382

 
$
(136,511
)
2017
Retirement Plans
 
Foreign Currency Translation (1)
 
Other
 
Total
Balance at beginning of year
$
(124,978
)
 
$
(28,560
)
 
$
(8,035
)
 
$
(161,573
)
Other comprehensive income (loss) before reclassifications
12,496

 
6,649

 
(1,707
)
 
17,438

Amounts reclassified from AOCL
5,445

 
22,025

 
9,742

 
37,212

Balance at end of year
$
(107,037
)
 
$
114

 
$
—

 
$
(106,923
)
 
 
 
 
 
 
 
 
(1) Our entire foreign currency translation adjustment is related to our CareerBuilder investment. As a result of deconsolidating the investment due to the sale of our majority ownership, we reclassified the translation adjustment from AOCL to the Consolidated Statement of Income as of the date of sale, July 31, 2017. Due to the noncontrolling ownership stake that we retained in CareerBuilder, we will continue to record our share of foreign currently translation adjustments through our equity method investment.
2016
Retirement Plans
 
Foreign Currency Translation
 
Other
 
Total
Balance at beginning of year
$
(114,133
)
 
$
(20,129
)
 
$
3,311

 
$
(130,951
)
Other comprehensive (loss) before reclassifications
(13,143
)
 
(8,431
)
 
(11,346
)
 
(32,920
)
Spin-off publishing businesses
(2,642
)
 
—

 
—

 
(2,642
)
Amounts reclassified from AOCL
4,940

 
—

 
—

 
4,940

Balance at end of year
$
(124,978
)
 
$
(28,560
)
 
$
(8,035
)
 
$
(161,573
)
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications out of AOCL related to these post-retirement plans include the following (in thousands):
 
2018
 
2017
 
2016
Amortization of prior service (credit) cost
$
(403
)
 
$
63

 
$
96

Amortization of actuarial loss
5,544

 
8,774

 
7,972

Pension payment timing related charges
7,498

 
—

 
—

Total reclassifications, before tax
12,639

 
8,837

 
8,068

Income tax effect
(3,200
)
 
(3,392
)
 
(3,128
)
Total reclassifications, net of tax
$
9,439

 
$
5,445

 
$
4,940