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Summarized Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Financial Information (Unaudited) Summarized Quarterly Financial Information (Unaudited)
Summarized quarterly financial information is as follows:
2019
 
1st
 
2nd
 
3rd
 
4th
 
 
(in thousands, except per share data)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Total
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
292,163

 
$
337,495

 
$
349,777

 
$
444,401

 
$
1,423,836

Costs and expenses
 
(274,058
)
 
(294,942
)
 
(327,049
)
 
(376,956
)
 
(1,273,005
)
Depreciation and amortization of intangible assets
 
(17,792
)
 
(20,237
)
 
(22,241
)
 
(26,716
)
 
(86,986
)
Gains (losses), net on disposal of property and equipment
 
(173
)
 
(144
)
 
11

 
1,998

 
1,692

Interest expense
 
(8,916
)
 
(18,023
)
 
(26,537
)
 
(27,120
)
 
(80,596
)
Defined benefit pension plan expense
 
(1,572
)
 
(1,564
)
 
(2,071
)
 
(1,746
)
 
(6,953
)
Miscellaneous, net
 
(800
)
 
369

 
2,042

 
(474
)
 
1,137

Income (loss) from continuing operations before income taxes
 
(11,148
)
 
2,954

 
(26,068
)
 
13,387

 
(20,875
)
Provision (benefit) for income taxes
 
(4,334
)
 
3,320

 
(4,305
)
 
2,822

 
(2,497
)
Income (loss) from continuing operations, net of tax
 
(6,814
)
 
(366
)
 
(21,763
)
 
10,565

 
(18,378
)
Loss from discontinued operations, net of tax
 

 

 

 

 

Net income (loss)
 
(6,814
)
 
(366
)
 
(21,763
)
 
10,565

 
(18,378
)
Income (loss) attributable to noncontrolling interest
 

 

 
166

 
(166
)
 

Net income (loss) attributable to the shareholders of The E.W. Scripps Company
 
$
(6,814
)
 
$
(366
)
 
$
(21,929
)
 
$
10,731

 
$
(18,378
)
Net income (loss) from continuing operations per basic share of common stock
 
$
(0.08
)
 
$
(0.01
)
 
$
(0.27
)
 
$
0.13

 
$
(0.23
)
Net income (loss) from continuing operations per diluted share of common stock
 
$
(0.08
)
 
$
(0.01
)
 
$
(0.27
)
 
$
0.13

 
$
(0.23
)
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
80,673

 
80,822

 
80,877

 
80,927

 
80,826

Diluted
 
80,673

 
80,822

 
80,877

 
81,322

 
80,826

Cash dividends per share of common stock
 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.20

The sum of the quarterly net income (loss) per share amounts may not equal the reported annual amount because each amount is computed independently based upon the weighted-average number of shares outstanding for the period.

2018
 
1st
 
2nd
 
3rd
 
4th
 
 
(in thousands, except per share data)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Total
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
254,191

 
$
283,395

 
$
302,726

 
$
368,113

 
$
1,208,425

Costs and expenses
 
(238,682
)
 
(245,610
)
 
(247,304
)
 
(281,628
)
 
(1,013,224
)
Depreciation and amortization of intangible assets
 
(15,420
)
 
(15,382
)
 
(15,598
)
 
(17,587
)
 
(63,987
)
Gains (losses), net on disposal of property and equipment
 
(717
)
 
66

 
501

 
(1,105
)
 
(1,255
)
Interest expense
 
(8,759
)
 
(9,279
)
 
(9,003
)
 
(9,143
)
 
(36,184
)
Defined benefit pension plan expense
 
(1,388
)
 
(1,389
)
 
(3,529
)
 
(13,446
)
 
(19,752
)
Miscellaneous, net
 
167

 
(156
)
 
(546
)
 
687

 
152

Income (loss) from continuing operations before income taxes
 
(10,608
)
 
11,645

 
27,247

 
45,891

 
74,175

Provision (benefit) for income taxes
 
(2,031
)
 
2,983

 
7,208

 
9,938

 
18,098

Income (loss) from continuing operations, net of tax
 
(8,577
)
 
8,662

 
20,039

 
35,953

 
56,077

Loss from discontinued operations, net of tax
 
(18,504
)
 
(2,942
)
 
(908
)
 
(13,974
)
 
(36,328
)
Net income (loss)
 
$
(27,081
)
 
$
5,720

 
$
19,131

 
$
21,979

 
$
19,749

Loss attributable to noncontrolling interest
 
(632
)
 

 

 

 
(632
)
Net income (loss) attributable to the shareholders of The E.W. Scripps Company
 
$
(26,449
)
 
$
5,720

 
$
19,131

 
$
21,979

 
$
20,381

Net income (loss) from continuing operations per basic share of common stock
 
$
(0.10
)
 
$
0.10

 
$
0.24


$
0.44

 
$
0.69

Loss from discontinued operations per basic share of common stock
 
$
(0.23
)
 
$
(0.04
)
 
$
(0.01
)

$
(0.17
)
 
$
(0.44
)
Net income (loss) from continuing operations per diluted share of common stock
 
$
(0.10
)
 
$
0.10

 
$
0.24


$
0.44

 
$
0.68

Loss from discontinued operations per diluted share of common stock
 
$
(0.23
)
 
$
(0.04
)
 
$
(0.01
)

$
(0.17
)
 
$
(0.44
)
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
81,554

 
81,824

 
81,452

 
80,669

 
81,369

Diluted
 
81,554

 
81,852

 
82,084

 
81,348

 
81,927

Cash dividends per share of common stock
 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.20


The sum of the quarterly net income (loss) per share amounts may not equal the reported annual amount because each amount is computed independently based upon the weighted-average number of shares outstanding for the period.