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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 25, 2016
Dec. 27, 2015
Dec. 28, 2014
Revenues      
Circulation $ 880,543 $ 851,790 $ 840,213
Advertising 580,732 638,709 662,315
Other 94,067 88,716 86,000
Total revenues 1,555,342 1,579,215 1,588,528
Production costs:      
Wages and benefits 363,051 354,516 357,573
Raw materials 72,325 77,176 88,958
Other 192,728 186,120 197,464
Total production costs 628,104 617,812 643,995
Selling, general and administrative costs 721,083 713,837 761,055
Depreciation and amortization 61,723 61,597 79,455
Total operating costs 1,410,910 1,393,246 1,484,505
Restructuring charge 14,804 [1] 0 0
Multiemployer pension plan withdrawal expense 6,730 [2] 9,055 [3] 0 [2]
Pension settlement charges 21,294 [4] 40,329 [5] 9,525
Early termination charge 0 0 2,550
Operating profit 101,604 136,585 91,948
Loss from joint ventures (36,273) (783) (8,368)
Interest expense, net 34,805 39,050 53,730
Income from continuing operations before income taxes 30,526 96,752 29,850
Income tax expense/(benefit) 4,421 33,910 (3,541)
Income from continuing operations 26,105 62,842 33,391
Loss from discontinued operations, net of income taxes (2,273) 0 (1,086)
Net income 23,832 62,842 32,305
Net loss attributable to the noncontrolling interest 5,236 404 1,002
Net income attributable to The New York Times Company common stockholders 29,068 63,246 33,307
Amounts attributable to The New York Times Company common stockholders:      
Income from continuing operations 31,341 63,246 34,393
Loss from discontinued operations, net of income taxes $ (2,273) $ 0 $ (1,086)
Average number of common shares outstanding:      
Basic (in shares) 161,128 164,390 150,673
Diluted (in shares) 162,817 166,423 161,323
Basic earnings per share attributable to The New York Times Company common stockholders:      
Income from continuing operations (USD per share) $ 0.19 $ 0.38 $ 0.23
Loss from discontinued operations, net of income taxes (USD per share) (0.01) 0.00 (0.01)
Net income (USD per share) 0.18 0.38 0.22
Diluted earnings per share attributable to The New York Times Company common stockholders:      
Income from continuing operations (USD per share) 0.19 0.38 0.21
Loss from discontinued operations, net of income taxes (0.01) 0.00 (0.01)
Net income (USD per share) 0.18 0.38 0.20
Dividends declared per share (USD per share) $ 0.16 $ 0.16 $ 0.16
[1] We recorded restructuring charges in the second and third quarters associated with the streamlining of the Company’s international print operations.
[2] We recorded a charge in the second quarter related to a partial withdrawal obligation under a multiemployer pension plan following an unfavorable arbitration decision, of which $5 million was reimbursed to the Company in the third quarter.
[3] We recorded charges related to partial withdrawal obligations under multiemployer pension plans in the first and fourth quarters.
[4] We recorded a pension settlement charge in the fourth quarter related to a lump-sum payment offer to certain former employees who participated in a qualified pension plan.
[5] We recorded a pension settlement charge in the first quarter related to a lump-sum payment offer to certain former employees who participated in a qualified pension plan.