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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2018
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):
 
2018
 
2017
 
2016
EPS numerator:
 
 
 
 
 
Income from continuing operations
$
412,530

 
$
183,077

 
$
87,040

Net loss (income) from continuing operations attributable to noncontrolling interests
41

 
(3,378
)
 

Net income from continuing operations attributable to Tribune Media Company
412,571

 
179,699

 
87,040

Less: Dividends distributed to Warrants
31

 
69

 
161

Less: Undistributed earnings allocated to Warrants
113

 
81

 

Income from continuing operations attributable to Tribune Media Company’s common shareholders for basic EPS
$
412,427

 
$
179,549

 
$
86,879

Add: Undistributed earnings allocated to dilutive securities
1

 
1

 

Income from continuing operations attributable to Tribune Media Company’s common shareholders for diluted EPS
$
412,428

 
$
179,550

 
$
86,879

 
 
 
 
 
 
Income (loss) from discontinued operations, as reported
$

 
$
14,420

 
$
(72,794
)
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
)
 
 
 
 
 
 
Net income attributable to Tribune Media Company’s common shareholders for basic EPS
$
412,427

 
$
193,962

 
$
14,085


 
 
 
 
 
Net income attributable to Tribune Media Company’s common shareholders for diluted EPS
$
412,428

 
$
193,963

 
$
14,085

 
 
 
 
 
 
EPS denominator:
 
 
 
 
 
Weighted average shares outstanding - basic
87,604

 
87,066

 
90,244

Impact of dilutive securities
797

 
935

 
392

Weighted average shares outstanding - diluted
88,401

 
88,001

 
90,636

 
 
 
 
 
 
Basic Earnings (Loss) Per Common Share Attributable to Tribune Media Company from:
 
 
 
 
 
Continuing Operations
$
4.71

 
$
2.06

 
$
0.96

Discontinued Operations

 
0.17

 
(0.80
)
Net Earnings Per Common Share
$
4.71


$
2.23

 
$
0.16

Diluted Earnings (Loss) Per Common Share Attributable to Tribune Media Company from:
 
 
 
 
 
Continuing Operations
$
4.67

 
$
2.04

 
$
0.96

Discontinued Operations

 
0.16

 
(0.80
)
Net Earnings Per Common Share
$
4.67

 
$
2.20

 
$
0.16