XML 11 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues:                      
Total operating revenues $ 423,055 $ 330,857 $ 320,428 $ 277,059 $ 351,397 $ 289,334 $ 273,425 $ 243,206 $ 1,351,399 $ 1,157,362 $ 845,773
Costs and Expenses:                      
Employee compensation and benefits                 476,968 376,436 357,022
Programming                 398,314 314,586 211,612
Impairment of programming assets                 0 8,920 0
Other expenses                 276,432 233,936 179,772
Acquisition and related integration costs                 26,304 4,124 0
Restructuring costs                 3,370 8,911 4,422
Total costs and expenses 351,080 303,652 272,351 254,305 261,280 228,632 231,594 225,407 1,181,388 946,913 752,828
Depreciation, Amortization, and (Gains) Losses:                      
Depreciation                 39,998 34,385 34,049
Amortization of intangible assets                 44,346 26,326 18,857
Impairment of goodwill and intangible assets                 0 0 35,732
(Gains) losses, net on disposal of property and equipment (1,998) (11) 144 173 1,105 (501) (66) 717 (1,692) 1,255 169
Net depreciation, amortization, and (gains) losses                 82,652 61,966 88,807
Operating income                 87,359 148,483 4,138
Interest expense (27,120) (26,537) (18,023) (8,916) (9,143) (9,003) (9,279) (8,759) (80,596) (36,184) (26,552)
Defined benefit pension plan expense (1,746) (2,071) (1,564) (1,572) (13,446) (3,529) (1,389) (1,388) (6,953) (19,752) (14,112)
Miscellaneous, net (417) 2,042 369 (800) 687 (546) (156) 138 1,194 123 7,436
Income (loss) from continuing operations before income taxes 18,545 (21,011) 9,183 (5,713) 50,280 33,285 16,579 (7,474) 1,004 92,670 (29,090)
Provision (benefit) for income taxes 5,602 (3,677) 3,385 (2,393) 11,077 8,695 4,219 (1,210) 2,917 22,781 (18,912)
Income (loss) from continuing operations, net of tax                 (1,913) 69,889 (10,178)
Loss from discontinued operations, net of tax (2,378) (4,429) (6,164) (3,494) (17,224) (5,459) (6,640) (20,817) (16,465) (50,140) (4,439)
Net income (loss) 10,565 (21,763) (366) (6,814) 21,979 19,131 5,720 (27,081) (18,378) 19,749 (14,617)
Loss attributable to noncontrolling interest (166) 166 0 0 0 0 0 (632) 0 (632) (1,511)
Net income (loss) attributable to the shareholders of The E.W. Scripps Company $ 10,731 $ (21,929) $ (366) $ (6,814) $ 21,979 $ 19,131 $ 5,720 $ (26,449) $ (18,378) $ 20,381 $ (13,106)
Net income (loss) per basic share of common stock attributable to the shareholders of The E.W. Scripps Company:                      
Income (loss) from continuing operations, per basic share $ 0.16 $ (0.22) $ 0.07 $ (0.04) $ 0.48 $ 0.30 $ 0.15 $ (0.07) $ (0.02) $ 0.85 $ (0.11)
Loss from discontinued operations, per basic share         (0.21) (0.07) (0.08) (0.26) (0.20) (0.61) (0.05)
Net income (loss) per basic share of common stock (USD per share)                 (0.23) 0.25 (0.16)
Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company:                      
Income (loss) from continuing operations, per diluted share $ 0.16 $ (0.22) $ 0.07 $ (0.04) 0.47 0.29 0.15 (0.07) (0.02) 0.85 (0.11)
Loss from discontinued operations, per diluted share         $ (0.21) $ (0.07) $ (0.08) $ (0.26) (0.20) (0.60) (0.05)
Net income (loss) per diluted share of common stock (USD per share)                 $ (0.23) $ 0.24 $ (0.16)
Weighted average shares outstanding:                      
Basic (in shares) 80,927 80,877 80,822 80,673 80,669 81,452 81,824 81,554 80,826 81,369 82,052
Diluted (in shares) 81,322 80,877 81,196 80,673 81,348 82,084 81,852 81,554 80,826 81,927 82,052
Advertising                      
Operating Revenues:                      
Total operating revenues                 $ 884,649 $ 825,829 $ 557,108
Retransmission and carriage                      
Operating Revenues:                      
Total operating revenues                 390,043 304,402 259,712
Other                      
Operating Revenues:                      
Total operating revenues                 $ 76,707 $ 27,131 $ 28,953