XML 66 R49.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The calculation of basic and diluted EPS is presented below (in thousands, except for per share data):
 
2017
 
2016
 
2015
EPS numerator:
 
 
 
 
 
Net income (loss) from continuing operations
$
183,077

 
$
87,040

 
$
(315,337
)
Net income from continuing operations attributable to noncontrolling interests
(3,378
)
 
—

 
—

Net income (loss) from continuing operations attributable to Tribune Media Company
179,699

 
87,040

 
(315,337
)
Less: Dividends distributed to Warrants
69

 
161

 
325

Less: Undistributed earnings allocated to Warrants
81

 
—

 
—

Income (loss) from continuing operations attributable to Tribune Media Company’s common shareholders for basic EPS
$
179,549

 
$
86,879

 
$
(315,662
)
Add: Undistributed earnings allocated to dilutive securities
1

 
—

 
—

Income (loss) from continuing operations attributable to Tribune Media Company’s common shareholders for diluted EPS
$
179,550

 
$
86,879

 
$
(315,662
)
 
 
 
 
 
 
Income (loss) from discontinued operations, as reported
$
14,420

 
$
(72,794
)
 
$
(4,581
)
Less: Undistributed earnings allocated to Warrants
7

 
—

 
—

Income (loss) from discontinued operations attributable to common shareholders for basic and diluted EPS
$
14,413

 
$
(72,794
)
 
$
(4,581
)
 
 
 
 
 
 
Net income (loss) attributable to Tribune Media Company’s common shareholders for basic EPS
$
193,962

 
$
14,085

 
$
(320,243
)

 
 
 
 
 
Net income (loss) attributable to Tribune Media Company’s common shareholders for diluted EPS
$
193,963

 
$
14,085

 
$
(320,243
)
 
 
 
 
 
 
EPS denominator:
 
 
 
 
 
Weighted average shares outstanding - basic
87,066

 
90,244

 
94,686

Impact of dilutive securities
935

 
392

 
—

Weighted average shares outstanding - diluted
88,001

 
90,636

 
94,686

 
 
 
 
 
 
Basic Earnings (Loss) Per Common Share Attributable to Tribune Media Company from:
 
 
 
 
 
Continuing Operations
$
2.06

 
$
0.96

 
$
(3.33
)
Discontinued Operations
0.17

 
(0.80
)
 
(0.05
)
Net Earnings (Loss) Per Common Share
$
2.23


$
0.16

 
$
(3.38
)
 
 
 
 
 
 
Diluted Earnings (Loss) Per Common Share Attributable to Tribune Media Company from:
 
 
 
 
 
Continuing Operations
$
2.04

 
$
0.96

 
$
(3.33
)
Discontinued Operations
0.16

 
(0.80
)
 
(0.05
)
Net Earnings (Loss) Per Common Share
$
2.20

 
$
0.16

 
$
(3.38
)