XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2017
Jun. 26, 2016
Jun. 25, 2017
Jun. 26, 2016
Revenues        
Subscription $ 250,037 $ 219,480 $ 492,412 $ 437,474
Advertising 132,234 131,155 262,262 270,835
Other 24,803 21,995 51,204 43,836
Total revenues 407,074 372,630 805,878 752,145
Production costs:        
Wages and benefits 88,565 90,630 179,343 183,101
Raw materials 15,813 17,012 32,743 34,887
Other 44,907 45,075 90,435 92,591
Total production costs 149,285 152,717 302,521 310,579
Selling, general and administrative costs 213,004 172,069 411,008 350,315
Depreciation and amortization 15,131 15,147 31,284 30,619
Total operating costs 377,420 339,933 744,813 691,513
Headquarters redesign and consolidation 1,985 0 4,387 0
Restructuring charge 0 11,855 0 11,855
Multiemployer pension plan withdrawal expense 0 11,701 0 11,701
Operating profit 27,669 9,141 56,678 37,076
Loss from joint ventures (266) (412) (93) (42,308)
Interest expense, net 5,133 9,097 10,458 17,923
Income/(loss) from continuing operations before income taxes 22,270 (368) 46,127 (23,155)
Income tax expense/(benefit) 6,711 124 17,453 (9,077)
Net income/(loss) 15,559 (492) 28,674 (14,078)
Net loss attributable to the noncontrolling interest 40 281 106 5,596
Net income/(loss) attributable to The New York Times Company common stockholders $ 15,599 $ (211) $ 28,780 $ (8,482)
Average number of common shares outstanding:        
Basic (in shares) 161,787 161,128 161,624 161,052
Diluted (in shares) 163,808 161,128 163,673 161,052
Basic earnings/(loss) per share attributable to The New York Times Company common stockholders (in USD per share) $ 0.10 $ 0.00 $ 0.18 $ (0.05)
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders (in USD per share) 0.09 0.00 0.17 (0.05)
Dividends declared per share (USD per share) $ 0.00 $ 0.00 $ 0.04 $ 0.04