XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Sep. 25, 2022
Sep. 26, 2021
Revenues        
Total revenues $ 547,680 $ 509,103 $ 1,640,785 $ 1,480,645
Operating costs        
Cost of revenue (excluding depreciation and amortization) 294,856 256,978 876,804 759,333
Sales and marketing 64,732 83,767 205,089 197,475
Product development 50,474 40,638 148,729 119,280
General and administrative 71,970 64,418 212,468 183,278
Depreciation and amortization 21,760 14,326 61,150 43,529
Total operating costs 503,792 460,127 1,504,240 1,302,895
Acquisition-related costs 0 0 34,712 0
Gain from pension liability adjustment (7,127) 0 (7,127) 0
Lease termination charge 0 0 0 3,831
Operating profit 51,015 48,976 108,960 173,919
Other components of net periodic benefit costs 1,757 2,599 4,903 7,796
Interest income and other, net 1,579 28,569 38,258 31,953
Income from continuing operations before income taxes 50,837 74,946 142,315 198,076
Income tax expense 14,220 20,290 39,196 47,994
Net income 36,617 54,656 103,119 150,082
Net income attributable to The New York Times Company common stockholders $ 36,617 $ 54,656 $ 103,119 $ 150,082
Average number of common shares outstanding:        
Basic (in shares) 166,433 168,027 167,290 167,895
Diluted (in shares) 166,497 168,546 167,418 168,492
Basic earnings per share attributable to The New York Times Company common stockholders        
Basic earnings per share attributable to The New York Times Company common stockholders (in usd per share) $ 0.22 $ 0.33 $ 0.62 $ 0.89
Diluted earnings per share attributable to The New York Times Company common stockholders        
Diluted earnings per share attributable to The New York Times Company common stockholders (in usd per share) 0.22 0.32 0.62 0.89
Dividends declared per share (in usd per share) $ 0.09 $ 0.07 $ 0.18 $ 0.14
Subscription        
Revenues        
Total revenues $ 382,672 $ 342,609 $ 1,138,270 $ 1,010,910
Advertising        
Revenues        
Total revenues 110,467 110,887 344,116 320,777
Other        
Revenues        
Total revenues $ 54,541 $ 55,607 $ 158,399 $ 148,958