Discontinued Operations (Tables)

6 Months Ended

Jul. 03, 2011

Discontinued Operations

Summary Of Discontinued Operations, Net Of Tax

	Second Quarter Period						Six Month Period
	July 3, 2011			July 4, 2010			July 3, 2011			July 4, 2010
Operating revenues	$	12,879		$	40,256		$	23,481		$	82,429
Operating costs and expenses		(15,093	)		(48,285	)		(28,708	)		(104,546	)
Loss from discontinued operations		(2,214	)		(8,029	)		(5,227	)		(22,117	)
Benefit from income taxes		(800	)		(3,600	)		(2,000	)		(9,300	)
Net loss from discontinued operations		(1,414	)		(4,429	)		(3,227	)		(12,817	)
Loss on sale of discontinued operations		—			(1,363	)		—			(1,363	)
Provision for income taxes on sale of discontinued operations		—			3,800			—			3,800
Loss from discontinued operations, net of tax	$	(1,414	)	$	(9,592	)	$	(3,227	)	$	(17,980	)

Quarterly Operating Results After Reclassifying Certain Operations As Discontinued Operations

	Thirteen Weeks Ended
	April 3, 2011			January 2, 2011			October 3, 2010			July 4, 2010			April 4, 2010
Operating revenues
Education	$	630,027		$	695,619		$	741,156		$	742,921		$	698,336
Advertising		177,384			241,650			200,532			207,241			184,182
Circulation and subscriber		214,523			214,464			213,377			215,995			213,454
Other		31,076			34,106			32,495			31,253			33,013
		1,053,010			1,185,839			1,187,560			1,197,410			1,128,985
Operating costs and expenses
Operating		475,285			496,694			473,328			471,525			465,372
Selling, general and administrative		453,258			467,880			481,436			490,414			489,096
Depreciation of property, plant and equipment		63,230			63,901			60,939			61,024			61,458
Amortization of intangible assets		6,221			6,495			6,466			7,549			6,460
Impairment of goodwill and other long-lived assets		—			—			27,477			—			—
		997,994			1,034,970			1,049,646			1,030,512			1,022,386
Operating income		55,016			150,869			137,914			166,898			106,599
Other income (expense)
Equity in earnings (losses) of affiliates		3,737			(191	)		2,140			2,027			(8,109	)
Interest income		982			1,051			600			599			326
Interest expense		(7,961	)		(7,693	)		(7,633	)		(7,598	)		(7,579	)
Other, net		(24,032	)		2,157			12,486			(3,807	)		(3,321	)
Income from continuing operations before income taxes		27,742			146,193			145,507			158,119			87,916
Provision for income taxes		10,300			68,100			59,600			56,400			33,700
Income from continuing operations		17,442			78,093			85,907			101,719			54,216
(Loss) gain from discontinued operations, net of tax		(1,813	)		896			(24,831	)		(9,592	)		(8,388	)
Net income		15,629			78,989			61,076			92,127			45,828
Net (income) loss attributable to noncontrolling interests		(14	)		(2	)		76			8			12
Net income attributable to The Washington Post Company		15,615			78,987			61,152			92,135			45,840
Redeemable preferred stock dividends		(461	)		—			(230	)		(231	)		(461	)
Net income attributable to The Washington Post Company common stockholders	$	15,154		$	78,987		$	60,922		$	91,904		$	45,379
Amounts attributable to The Washington Post Company common stockholders:
Income from continuing operations	$	16,967		$	78,091		$	85,753		$	101,496		$	53,767
(Loss) gain from discontinued operations, net of tax		(1,813	)		896			(24,831	)		(9,592	)		(8,388	)
Net income attributable to the Washington Post Company common stockholders	$	15,154		$	78,987		$	60,922		$	91,904		$	45,379
Per share information attributable to The Washington Post Company common stockholders:
Basic income per common share from continuing operations	$	2.09		$	9.31		$	9.64		$	11.04		$	5.82
Basic (loss) income per common share from discontinued operations		(0.22	)		0.11			(2.79	)		(1.04	)		(0.91	)
Basic net income per common share	$	1.87		$	9.42		$	6.85		$	10.00		$	4.91
Diluted income per common share from continuing operations	$	2.09		$	9.31		$	9.63		$	11.04		$	5.82
Diluted (loss) income per common share from discontinued operations		(0.22	)		0.11			(2.79	)		(1.04	)		(0.91	)
Diluted net income per common share	$	1.87		$	9.42		$	6.84		$	10.00		$	4.91

Yearly Operating Results After Reclassifying Certain Operations As Discontinued Operations

	Fiscal Year Ended
	January 2, 2011			January 3, 2010
Operating revenues
Education	$	2,878,032		$	2,595,802
Advertising		833,605			778,158
Circulation and subscriber		857,290			845,848
Other		130,867			125,872
		4,699,794			4,345,680
Operating costs and expenses
Operating		1,906,919			1,852,166
Selling, general and administrative		1,928,826			1,878,310
Depreciation of property, plant and equipment		247,322			291,221
Amortization of intangible assets		26,970			26,294
Impairment of goodwill and other long-lived assets		27,477			25,387
		4,137,514			4,073,378
Operating income		562,280			272,302
Other income (expense)
Equity in losses of affiliates		(4,133	)		(29,421	)
Interest income		2,576			2,597
Interest expense		(30,503	)		(31,565	)
Other, net		7,515			13,197
Income from continuing operations before income taxes		537,735			227,110
Provision for income taxes		217,800			81,800
Income from continuing operations		319,935			145,310
Loss from discontinued operations, net of tax		(41,915	)		(54,110	)
Net income		278,020			91,200
Net loss attributable to noncontrolling interests		94			1,574
Net income attributable to The Washington Post Company		278,114			92,774
Redeemable preferred stock dividends		(922	)		(928	)
Net income attributable to The Washington Post Company common stockholders	$	277,192		$	91,846
Amounts attributable to The Washington Post Company common stockholders:
Income from continuing operations	$	319,107		$	145,956
Loss from discontinued operations, net of tax		(41,915	)		(54,110	)
Net income attributable to The Washington Post Company common stockholders	$	277,192		$	91,846
Per share information attributable to The Washington Post Company common stockholders:
Basic income per common share from continuing operations	$	35.76		$	15.54
Basic loss per common share from discontinued operations		(4.70	)		(5.76	)
Basic net income per common share	$	31.06		$	9.78
Diluted income per common share from continuing operations	$	35.74		$	15.54
Diluted loss per common share from discontinued operations		(4.70	)		(5.76	)
Diluted net income per common share	$	31.04		$	9.78