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SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 29, 2013
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of intangible assets (primarily advertiser lists, subscriber lists and developed technology) and goodwill

 

 

 

 

December 30,

 

Acquired

 

Amortization

 

September 29,

 

(in thousands)

 

2012

 

Assets

 

Expense

 

2013

 

Intangible assets subject to amortization

 

 $

834,961

 

 $

500

 

 

 $

835,461

 

Accumulated amortization

 

(510,546)

 

 

 $

(42,877)

 

(553,423)

 

 

 

324,415

 

500

 

(42,877)

 

282,038

 

Mastheads

 

203,587

 

 

N/A

 

203,587

 

Goodwill

 

1,012,011

 

903

 

N/A

 

1,012,914

 

Total

 

 $

1,540,013

 

 $

1,403

 

 $

(42,877)

 

 $

1,498,539

 

Summary of amortization expense with respect to intangible assets

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

 

September 29,

 

September 23,

 

September 29,

 

September 23,

 

(in thousands)

 

2013

 

2012

 

2013

 

2012

 

Amortization expense

 

 $

14,375

 

 $

14,251

 

 $

42,877

 

 $

42,811

 

Amortization expense for the five succeeding fiscal years

 

 

 

Amortization
Expense

 

Year

 

(in thousands)

 

2013 (remainder)

 

 $

14,304

 

2014

 

52,757

 

2015

 

48,086

 

2016

 

47,721

 

2017

 

48,552

 

2018

 

46,977

 

Schedule of components of accumulated other comprehensive loss and reclassifications, 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

 

 

(666)

 

(666)

 

Amounts reclassified from AOCL

 

10,160

 

 

10,160

 

Other comprehensive income (loss)

 

10,160

 

(666)

 

9,494

 

Ending balance - September 29, 2013

 

 $

(463,288)

 

 $

(8,534)

 

 $

(471,822)

 

 

 

 

Amount Reclassified from AOCL
(in thousands)

 

 

 

 

 

Quarter Ended

 

Nine Months
Ended

 

 

 

 

 

September 29,

 

September 29,

 

Affected Line in the Condensed

 

AOCL Component

 

2013

 

2013

 

Consolidated Statements of Operations

 

 Minimum pension and post-retirement liability

 

 $

5,645

 

 $

16,933

 

 Compensation

 

 

 

(2,258)

 

(6,773)

 

 Provision for income taxes

 

 

 

 $

3,387

 

 $

10,160

 

 Net of tax

Summary of anti-dilutive stock options

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

 

September 29,

 

September 23,

 

September 29,

 

September 23,

 

(shares in thousands)

 

2013

 

2012

 

2013

 

2012

 

Anti-dilutive stock options

 

4,990

 

6,654

 

4,936

 

6,322

 

Schedule of cash paid for interest and income taxes

 

 

 

 

Nine Months Ended

 

 

 

September 29,

 

September 23,

 

(in thousands)

 

2013

 

2012

 

Interest paid (net of amount capitalized)

 

$

82,990

 

$

139,437

 

Income taxes paid (net of amounts received)

 

13,202

 

35,945