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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2011
Business Combinations [Abstract]    
Fair values of the assets acquired and the liabilities assumed
The table below summarizes the final fair values:
(in thousands)
 
2012
 
 
 
Assets:
 
 
Accounts receivable
 
$
19,768

Other current assets
 
891

Investments
 
4,558

Property, plant and equipment
 
37,837

Intangible assets
 
130,100

Goodwill
 
27,966

Total assets acquired
 
221,120

Current liabilities
 
4,712

Net purchase price
 
$
216,408

 
Pro forma results of operations  
Pro forma results of operations, assuming the transaction had taken place at the beginning of 2010, is included in the following table. The pro forma information includes the historical results of operations of Scripps and McGraw-Hill and adjustments for interest expense that would have been incurred to finance the acquisition, additional depreciation and amortization of the assets acquired and excludes the pre-acquisition transaction related expenses incurred by the acquired companies. The pro forma information does not include efficiencies, costs reductions and synergies expected to result from the acquisition. The unaudited pro forma financial information is not necessarily indicative of the results that actually would have occurred had the acquisition been completed at the beginning of the period.
 
 
For the year ended December 31,
(in thousands, except per share data) (unaudited)
 
2011
 
 
 
Operating revenues
 
$
822,516

Loss attributable to the shareholders of The E.W. Scripps Company
 
(24,310
)
Loss per share attributable to the shareholders of The E.W. Scripps Company:
 
 
Basic
 
$
(0.42
)
Diluted
 
$
(0.42
)