Summary of Quarterly Operating Results and Comprehensive Income (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

19. SUMMARY OF QUARTERLY OPERATING RESULTS AND COMPREHENSIVE INCOME (UNAUDITED)

Quarterly results of operations and comprehensive income for the year ended December 31, 2012, is as follows:


(in thousands, except per share amounts)		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012 Quarterly Operating Results
Operating Revenues
	Education	$	547,280	$	552,202	$	552,585	$	544,429
	Advertising		170,750		190,086		195,158		229,837
	Circulation and subscriber		215,230		219,286		220,668		222,319
	Other		27,939		33,450		42,923		53,511
			961,199		995,024		1,011,334		1,050,096
Operating Costs and Expenses
	Operating		463,106		464,615		483,622		468,893
	Selling, general and administrative		411,466		400,676		382,961		396,545
	Depreciation of property, plant and equipment		62,275		62,749		63,739		79,880
	Amortization of intangible assets		3,873		4,428		5,091		7,610
	Impairment of goodwill and other long-lived assets		―		―		―		111,593
			940,720		932,468		935,413		1,064,521
Income from Operations			20,479		62,556		75,921		(14,425)
	Equity in earnings of affiliates, net		3,888		3,314		4,099		2,785
	Interest income		1,069		775		648		901
	Interest expense		(9,163)		(8,979)		(8,738)		(9,064)
	Other income (expense), net		8,588		(635)		4,163		(17,572)
Income (Loss) from Continuing Operations Before Income Taxes			24,861		57,031		76,093		(37,375)
Provision for Income Taxes			11,400		21,000		31,200		8,000
Income (Loss) from Continuing Operations			13,461		36,031		44,893		(45,375)
Income from Discontinued Operations, Net of Tax			18,107		16,016		49,054		―
Net Income (Loss)			31,568		52,047		93,947		(45,375)
Net (Income) Loss Attributable to Noncontrolling Interests			(70)		(11)		71		(64)
Net Income (Loss) Attributable to The Washington Post Company			31,498		52,036		94,018		(45,439)
Redeemable Preferred Stock Dividends			(451)		(222)		(222)		―
Net Income (Loss) Attributable to The Washington Post
	Company Common Stockholders	$	31,047	$	51,814	$	93,796	$	(45,439)

Amounts Attributable to The Washington Post Company
	Common Stockholders
Income (loss) from continuing operations		$	12,940	$	35,798	$	44,742	$	(45,439)
Income from discontinued operations, net of tax			18,107		16,016		49,054		―
Net income (loss) attributable to The Washington Post Company
	common stockholders	$	31,047	$	51,814	$	93,796	$	(45,439)

Per Share Information Attributable to The Washington Post
	Company Common Stockholders
Basic income (loss) per common share from continuing operations		$	1.66	$	4.72	$	6.03	$	(6.57)
Basic income per common share from discontinued operations			2.41		2.12		6.61		―
Basic net income (loss) per common share		$	4.07	$	6.84	$	12.64	$	(6.57)

Diluted income (loss) per common share from continuing operations		$	1.66	$	4.72	$	6.03	$	(6.57)
Diluted income per common share from discontinued operations			2.41		2.12		6.61		―
Diluted net income (loss) per common share		$	4.07	$	6.84	$	12.64	$	(6.57)
Basic average number of common shares outstanding			7,514		7,431		7,272		7,223
Diluted average number of common shares outstanding			7,615		7,545		7,376		7,223
2012 Quarterly comprehensive income		$	59,907	$	47,085	$	95,760	$	16,857

The sum of the four quarters may not necessarily be equal to the annual amounts reported in the Consolidated Statements of Operations due to rounding.

Quarterly results of operations and comprehensive income for the year ended December 31, 2011, is as follows:


(in thousands, except per share amount)		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2011 Quarterly Operating Results
Operating Revenues
	Education	$	611,714	$	610,371	$	601,611	$	580,763
	Advertising		177,385		193,352		170,552		213,255
	Circulation and subscriber		214,523		216,606		212,145		213,183
	Other		25,299		28,976		28,190		33,220
			1,028,921		1,049,305		1,012,498		1,040,421
Operating Costs and Expenses
	Operating		463,303		488,577		486,615		465,666
	Selling, general and administrative		438,744		405,729		387,735		397,518
	Depreciation of property, plant and equipment		61,929		62,615		61,589		62,932
	Amortization of intangible assets		5,176		5,797		6,320		5,042
			969,152		962,718		942,259		931,158
Income from Operations			59,769		86,587		70,239		109,263
	Equity in (losses) earnings of affiliates, net		3,737		3,138		(1,494)		568
	Interest income		982		997		994		1,174
	Interest expense		(7,961)		(7,960)		(8,667)		(8,638)
	Other (expense) income, net		(24,032)		(2,591)		(29,650)		1,073
Income from Continuing Operations Before Income Taxes			32,495		80,171		31,422		103,440
Provision for Income Taxes			12,100		29,200		18,600		42,000
Income from Continuing Operations			20,395		50,971		12,822		61,440
(Loss) Income from Discontinued Operations, Net of Tax			(4,766)		(5,208)		(18,788)		291
Net Income (Loss)			15,629		45,763		(5,966)		61,731
Net (Income) Loss Attributable to Noncontrolling Interests			(14)		40		(16)		(17)
Net Income (Loss) Attributable to The Washington Post Company			15,615		45,803		(5,982)		61,714
Redeemable Preferred Stock Dividends			(461)		(230)		(226)		―
Net Income (Loss) Attributable to The Washington Post Company
	Common Stockholders	$	15,154	$	45,573	$	(6,208)	$	61,714

Amounts Attributable to The Washington Post Company
	Common Stockholders
Income from continuing operations		$	19,920	$	50,781	$	12,580	$	61,423
(Loss) income from discontinued operations, net of tax			(4,766)		(5,208)		(18,788)		291
Net income (loss) attributable to The Washington Post Company
	common stockholders	$	15,154	$	45,573	$	(6,208)	$	61,714

Per Share Information Attributable to The Washington Post
	Company Common Stockholders
Basic income per common share from continuing operations		$	2.43	$	6.40	$	1.59	$	8.00
Basic (loss) income per common share from discontinued operations			(0.56)		(0.66)		(2.41)		0.03
Basic net income per common share		$	1.87	$	5.74	$	(0.82)	$	8.03

Diluted income per common share from continuing operations		$	2.43	$	6.40	$	1.59	$	8.00
Diluted (loss) income per common share from discontinued operations			(0.56)		(0.66)		(2.41)		0.03
Diluted net income (loss) per common share		$	1.87	$	5.74	$	(0.82)	$	8.03
Basic average number of common shares outstanding			8,046		7,852		7,802		7,601
Diluted average number of common shares outstanding			8,119		7,933		7,883		7,682
2011 Quarterly comprehensive income (loss)		$	40,894	$	37,040	$	(41,225)	$	63,512

The sum of the four quarters may not necessarily be equal to the annual amounts reported in the Consolidated Statements of Operations due to rounding.

Quarterly impact from certain items in 2012 and 2011 (after-tax and diluted EPS amounts):

		First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
2012
Goodwill and other long-lived assets impairment charge of $81.9 million
	at Kaplan Test Preparation							$	(11.33)
Charges of $45.5 million in connection with early retirement, severance and other
	restructuring at the education and newspaper publishing divisions ($1.2 million,
	$5.2 million, $7.6 million and $31.1 million in the first, second, third, and
	fourth quarters, respectively)	$	(0.16)	$	(0.69)	$	(1.02)	$	(4.31)
Write-down of marketable equity security of $11.2 million								$	(1.54)
Gain on sale of cost method investment of $3.7 million		$	0.48
Gains, net, of $2.0 million for non-operating unrealized foreign currency gains
	(losses) ($1.7 million gain, $1.6 million loss, $1.9 million gain in the first, second
	and third quarters, respectively)	$	0.22	$	(0.21)	$	0.26	$	―

2011
Charges of $19.4 million in connection with severance and other restructuring at
	the education and newspaper publishing divisions ($1.4 million, $7.3 million, $3.5
	million and $7.3 million in the first, second, third and fourth quarters, respectively)	$	(0.18)	$	(0.91)	$	(0.44)	$	(0.94)
Impairment charges of $5.7 million at one of the Company's affiliates						$	(0.72)
Write-down of a marketable equity security of $34.6 million ($19.8 million and
	$14.9 million in the first and third quarters, respectively)	$	(2.44)			$	(1.89)
Losses, net, of $2.1 million for non-operating unrealized foreign currency gains
	(losses) ($1.7 million gain, $0.2 million gain, $4.2 million loss and $0.3 million
	gain in the first, second, third and fourth quarters, respectively)	$	0.21	$	0.03	$	(0.54)	$	0.03

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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