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SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2013
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of intangible assets (primarily advertiser, subscriber lists and developed technology) and goodwill

 

 

 

December 30,

 

Acquired

 

Amortization

 

June 30,

 

(in thousands)

 

2012

 

Assets

 

Expense

 

2013

 

Intangible assets subject to amortization

 

$

834,961

 

$

500

 

-

 

$

835,461

 

Accumulated amortization

 

(510,546)

 

-

 

$

(28,502)

 

(539,048)

 

 

 

324,415

 

500

 

(28,502)

 

296,413

 

Mastheads

 

203,587

 

-

 

N/A

 

203,587

 

Goodwill

 

1,012,011

 

903

 

N/A

 

1,012,914

 

Total

 

$

1,540,013

 

$

1,403

 

$

(28,502)

 

$

1,512,914

 

Summary of amortization expense with respect to intangible assets

 

 

 

Quarter Ended

 

Six Months Ended

 

 

 

June 30,

 

June 24,

 

June 30,

 

June 24,

 

(in thousands)

 

2013

 

2012

 

2013

 

2012

 

Amortization expense

 

$

14,251

 

$

14,274

 

$

28,502

 

$

28,560

 

Amortization expense for the five succeeding fiscal years

 

 

 

Amortization
Expense

 

Year

 

(in thousands)

 

2013 (remainder)

 

$

28,689

 

2014

 

52,774

 

2015

 

48,092

 

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

 

-

 

(731)

 

(731)

 

Amounts reclassified from AOCL

 

6,773

 

-

 

6,773

 

Other comprehensive income (loss)

 

6,773

 

(731)

 

6,042

 

Ending balance - June 30, 2013

 

$

(466,675)

 

$

(8,599)

 

$

(475,274)

 

 

 

 

Amount Reclassified from
AOCL (in thousands)

 

 

 

 

 

Quarter
Ended

 

Six Months
Ended

 

 

 

 

 

June 30,

 

June 30,

 

Affected Line in the Condensed

 

AOCL Component

 

2013

 

2013

 

Consolidated Statements of Operations

 

Minimum pension and post-retirement liability

 

$

5,664

 

$

11,289

 

Compensation

 

 

 

(2,266)

 

(4,516)

 

Provision for income taxes

 

 

 

$

3,398

 

$

6,773

 

Net of tax

 

Summary of anti-dilutive stock options

 

 

 

Quarter Ended

 

Six Months Ended

 

 

 

June 30,

 

June 24,

 

June 30,

 

June 24,

 

(shares in thousands)

 

2013

 

2012

 

2013

 

2012

 

Anti-dilutive stock options

 

5,619

 

6,293

 

6,048

 

5,987

 

Schedule of cash paid for interest and income taxes

 

 

 

Six Months Ended

 

 

 

June 30,

 

June 24,

 

(in thousands)

 

2013

 

2012

 

Interest paid (net of amount capitalized)

 

$

65,736

 

$

73,277

 

Income taxes paid (received)

 

(2,861)

 

14,153