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Shareholders' equity (Tables)
 12 Months Ended
Dec. 31, 2019
Shareholders' Equity and Share-based Payments [Abstract]  
Earnings (Loss) Per Share (Basic and Diluted)
Our earnings per share (basic and diluted) for 2019, 2018, and 2017 are presented below (in thousands, except per share amounts):
 
2019
 
2018
 
2017
Income from continuing operations
$
286,235

 
$
401,340

 
$
447,962

Income (loss) from discontinued operations, net of tax
—

 
4,325

 
(232,916
)
Net loss attributable to noncontrolling interests from discontinued operations
—

 
—

 
58,698

Net income attributable to TEGNA Inc.
$
286,235

 
$
405,665

 
$
273,744

 
 
 
 
 
 
Weighted average number of common shares outstanding - basic
217,138

 
216,184

 
215,587

Effect of dilutive securities
 
 
 
 
 
Restricted stock
461

 
139

 
659

Performance share units
346

 
97

 
550

Stock options
32

 
201

 
682

Weighted average number of common shares outstanding - diluted
217,977

 
216,621

 
217,478

 
 
 
 
 
 
Earnings from continuing operations per share - basic
$
1.32

 
$
1.86

 
$
2.08

Earnings from discontinued operations per share - basic
—

 
0.02

 
(0.81
)
Earnings per share - basic
$
1.32

 
$
1.88

 
$
1.27

 
 
 
 
 
 
Earnings from continuing operations per share - diluted
$
1.31

 
$
1.85

 
$
2.06

Earnings from discontinued operations per share - diluted
—

 
0.02

 
(0.80
)
Earnings per share - diluted
$
1.31

 
$
1.87

 
$
1.26
Assumptions Used to Estimate Fair Value of Option Awards
The following assumptions were used to estimate the fair value of PSUs:
 
2017
Expected term
3 years
Expected volatility
29.90%
Risk-free interest rate
1.47%
Expected dividend yield
2.62%
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):
 
2019
 
2018
 
2017
 
 
 
 
 
 
RSUs
$
9,699

 
$
7,260

 
$
9,408

PSAs
9,277

 
2,693

 
—

PSUs
1,170

 
2,578

 
6,234

Stock options
—

 
—

 
427

Total stock-based compensation
20,146

 
12,531

 
16,069

Total income tax benefit (provision)
4,354

 
(184
)
 
7,442

Stock-based compensation net of tax
$
15,792

 
$
12,715

 
$
8,627
Summary of Restricted Stock and RSU Awards
A summary of RSU awards is presented below: 
 
2019
 
2018
 
2017
RSU Activity
Shares
 
Weighted
average
fair value
 
Shares
 
Weighted
average
fair value
 
Shares
 
Weighted
average
fair value
Unvested at beginning of year
1,567,704

 
$
14.65

 
1,062,550

 
$
21.29

 
1,143,421

 
$
25.66

Granted
1,356,848

 
13.09

 
1,198,787

 
11.99

 
989,443

 
19.41

Vested
(581,479
)
 
16.31

 
(477,050
)
 
15.11

 
(1,162,231
)
 
25.18

Canceled
(210,137
)
 
14.53

 
(216,583
)
 
17.98

 
(514,460
)
 
21.49

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

 
 
 
—

 
 
 
606,377

 
 
Unvested at end of year (a)
2,132,936

 
$
13.22

 
1,567,704

 
$
14.65

 
1,062,550

 
$
21.29


(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
PSAs: The PSAs were first granted in 2018. A summary for the PSAs activity is presented below:

 
2019
 
2018
PSAs Activity
Target number of shares
 
Weighted average fair value
 
Target number of shares
 
Weighted average fair value
Unvested at beginning of year
450,085

 
$
12.05

 
—

 
 
Granted
567,356

 
12.36

 
565,187

 
$
12.05

Vested
(261,286
)
 
12.16

 
(91,451
)
 
12.05

Canceled
(57,673
)
 
12.08

 
(23,651
)
 
12.05

Unvested at end of year
698,482

 
$
12.26

 
450,085

 
$
12.05



PSUs: As of December 31, 2019, there was no unrecognized compensation cost related to non-vested PSUs as the last awards fully vested as of December 31, 2019.

A summary of our PSUs is presented below:
 
2019
 
2018
 
2017
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
250,840

 
$
23.92

 
662,835

 
$
25.87

 
1,018,950

 
$
35.60

Granted
—

 


 
—

 


 
307,950

 
23.92

Vested
(228,287
)
 
23.92

 
(383,095
)
 
27.19

 
(774,267
)
 
36.94

Canceled
(22,553
)
 
23.92

 
(28,900
)
 
25.39

 
(68,573
)
 
31.80

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


(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.
Schedule of Accumulated Other Comprehensive Income (Loss) The following tables summarize the components of, and changes in AOCL, net of tax (in thousands):
2019
Retirement Plans
 
Foreign Currency Translation (1)
 
Total
Balance at beginning of year
$
(136,893
)
 
$
382

 
$
(136,511
)
Other comprehensive loss before reclassifications
(10,339
)
 
(581
)
 
(10,920
)
Amounts reclassified from AOCL
4,834

 
—

 
4,834

Balance at end of year
$
(142,398
)
 
$
(199
)
 
$
(142,597
)
2018
Retirement Plans
 
Foreign Currency Translation (1)
 
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.
Reclassification out of Accumulated Other Comprehensive Income Reclassifications out of AOCL related to these post-retirement plans include the following (in thousands):
 
2019
 
2018
 
2017
Amortization of prior service (credit) cost
$
(481
)
 
$
(403
)
 
$
63

Amortization of actuarial loss
6,246

 
5,544

 
8,774

Pension payment timing related charges
686

 
7,498

 
—

Total reclassifications, before tax
6,451

 
12,639

 
8,837

Income tax effect
(1,617
)
 
(3,200
)
 
(3,392
)
Total reclassifications, net of tax
$
4,834

 
$
9,439

 
$
5,445