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SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2013
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of intangible assets (primarily advertiser and subscriber lists) and goodwill

 

 

December 30,

 

Amortization

 

March 31,

 

(in thousands)

 

2012

 

Expense

 

2013

 

Intangible assets subject to amortization

 

$

834,961

 

 

 

 

 

$

834,961

 

Accumulated amortization

 

(510,546

)

 

$

(14,251

)

 

(524,797

)

 

 

324,415

 

 

(14,251

)

 

310,164

 

Mastheads

 

203,587

 

 

N/A

 

 

203,587

 

Goodwill

 

1,012,011

 

 

N/A

 

 

1,012,011

 

Total

 

$

1,540,013

 

 

$

(14,251

)

 

$

1,525,762

 

Amortization expense for the five succeeding fiscal years

 

 

Amortization
Expense

 

Year

 

(in thousands)

 

2013 (remainder)

 

$

42,753

 

2014

 

52,524

 

2015

 

48,030

 

2016

 

47,721

 

2017

 

48,552

 

2018

 

46,977

 

Schedule of components of accumulated other comprehensive loss, net of tax

 

 

(in thousands)

 

Minimum
Pension and
Post-
Retirement
Liability

 

 

Other
Comprehensive
Loss Related to
Equity
Investments

 

 

Total

 

Beginning balance - December 30, 2012

 

$

(473,448

)

 

$

(7,868

)

 

$

(481,316

)

Other comprehensive income (loss) before reclassifications

 

 

 

(663

)

 

(663

)

Amounts reclassified from AOCI (1)

 

3,375

 

 

 

 

3,375

 

Other comprehensive income (loss)

 

3,375

 

 

(663

)

 

2,712

 

Ending balance - March 31, 2013

 

$

(470,073

)

 

$

(8,531

)

 

$

(478,604

)

 

(1) Reclassified amounts related to pension and post retirement liabilities affect the compensation line item on the condensed consolidated statements of operations.  The reclassified amounts are net of a tax benefit of $2,250.

 

Summary of anti-dilutive stock options

 

 

Three Months Ended

 

 

March 31,

 

March 25,

(shares in thousands)

 

2013

 

2012

Anti-dilutive stock options

 

5,729

 

7,724

Schedule of cash paid for interest and income taxes

 

 

Three Months Ended

 

 

 

March 31,

 

March 25,

 

(in thousands)

 

2013

 

2012

 

Interest paid (net of amount capitalized)

 

$

21,885

 

 

$

68,061

 

Income taxes paid (net of refunds)

 

(8,214

)

 

8,935