XML 21 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Dec. 31, 2017
Revenues      
Total revenues $ 1,812,184 $ 1,748,598 $ 1,675,639
Production costs:      
Other production costs 206,381 196,956 186,352
Total production costs 706,355 654,176 616,342
Selling, general and administrative costs 867,623 845,591 815,065
Depreciation and amortization 60,661 59,011 61,871
Total operating costs 1,634,639 1,558,778 1,493,278
Headquarters redesign and consolidation 0 4,504 10,090
Restructuring charge (4,008) 0 0
Gain from pension liability adjustment (2,045) (4,851) (4,320)
Operating profit 175,582 190,167 176,591
Other components of net periodic benefit costs 7,302 8,274 64,225
Gain from joint ventures 0 10,764 18,641
Interest expense and other, net 3,820 16,566 19,783
Income from continuing operations before income taxes 164,460 176,091 111,224
Income tax expense 24,494 48,631 103,956
Net income 139,966 127,460 6,837
Net income attributable to the noncontrolling interest 0 (1,776) (2,541)
Net income attributable to The New York Times Company common stockholders 139,966 125,684 4,296
Amounts attributable to The New York Times Company common stockholders:      
Income from continuing operations 139,966 125,684 4,727
Loss from discontinued operations, net of income taxes $ 0 $ 0 $ (431)
Average number of common shares outstanding:      
Basic (in shares) 166,042 164,845 161,926
Diluted (in shares) 167,545 166,939 164,263
Basic earnings per share attributable to The New York Times Company common stockholders:      
Income from continuing operations (USD per share) $ 0.84 $ 0.76 $ 0.03
Net income (USD per share) 0.84 0.76 0.03
Diluted earnings per share attributable to The New York Times Company common stockholders:      
Income from continuing operations (USD per share) 0.83 0.75 0.03
Net income (USD per share) 0.83 0.75 0.03
Dividends declared per share (USD per share) $ 0.20 $ 0.16 $ 0.16
Subscription      
Revenues      
Total revenues $ 1,083,851 $ 1,042,571 $ 1,008,431
Advertising      
Revenues      
Total revenues 530,678 558,253 558,513
Other      
Revenues      
Total revenues 197,655 147,774 108,695
Product      
Production costs:      
Wages and benefits 424,070 380,678 363,686
Raw materials $ 75,904 $ 76,542 $ 66,304