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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2015
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):
 
2015
 
2014
 
2013
EPS numerator:
 
 
 
 
 
(Loss) income from continuing operations, as reported
$
(319,918
)
 
$
463,111

 
$
162,942

Less: Dividends distributed to Warrants
325

 
—

 
—

Less: Undistributed earnings allocated to Warrants
—

 
15,562

 
19,497

(Loss) income from continuing operations attributable to common shareholders for basic EPS
$
(320,243
)
 
$
447,549

 
$
143,445

Add: Undistributed earnings allocated to dilutive securities (1)
—

 
38

 
33

(Loss) income from continuing operations attributable to common shareholders for diluted EPS
$
(320,243
)
 
$
447,587

 
$
143,478

 
 
 
 
 
 
Income from discontinued operations, as reported
$
—

 
$
13,552

 
$
78,613

Less: Undistributed earnings allocated to Warrants
—

 
502

 
9,406

Income from discontinued operations attributable to common shareholders for basic and diluted EPS (1)
$
—

 
$
13,050

 
$
69,207

 
 
 
 
 
 
Net (loss) income attributable to common shareholders for basic EPS
$
(320,243
)
 
$
460,599

 
$
212,652


 
 
 
 
 
Net (loss) income attributable to common shareholders for diluted EPS
$
(320,243
)
 
$
460,637

 
$
212,685

 
 
 
 
 
 
EPS denominator:
 
 
 
 
 
Weighted average shares outstanding - basic
94,686

 
96,689

 
88,037

Impact of dilutive securities (1)
—

 
234

 
114

Weighted average shares outstanding - diluted
94,686

 
96,923

 
88,151

 
 
 
 
 
 
 
2015
 
2014
 
2013
Basic (Loss) Earnings Per Common Share from:
 
 
 
 
 
Continuing Operations
$
(3.38
)
 
$
4.63

 
$
1.63

Discontinued Operations
—

 
0.13

 
0.79

Net (loss) income attributable to common shareholders
$
(3.38
)

$
4.76

 
$
2.42

 
 
 
 
 
 
Diluted (Loss) Earnings Per Common Share from:
 
 
 
 
 
Continuing Operations
$
(3.38
)
 
$
4.62

 
$
1.62

Discontinued Operations
—

 
0.13

 
0.79

Net (loss) income attributable to common shareholders
$
(3.38
)
 
$
4.75

 
$
2.41

 
(1)
The impact of dilutive securities associated with Equity Awards held by Tribune Publishing employees is immaterial. As such, all of the impact of dilutive securities has been allocated to diluted EPS from continuing operations.