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SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 30, 2014
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of intangible assets (primarily advertiser lists, subscriber lists and developed technology) mastheads and goodwill

 

 

December 29,

 

Amortization

 

March 30,

 

(in thousands)

 

2013

 

Expense

 

2014

 

Intangible assets subject to amortization

 

 $

835,461

 

 $

 

 $

835,461

 

Accumulated amortization

 

(567,737)

 

(14,313)

 

(582,050)

 

 

 

267,724

 

(14,313)

 

253,411

 

Mastheads

 

198,242

 

 

198,242

 

Goodwill

 

1,013,002

 

 

1,013,002

 

Total

 

 $

1,478,968

 

 $

(14,313)

 

 $

1,464,655

 

Summary of amortization expense with respect to intangible assets

 

 

Quarters Ended

 

 

 

March 30,

 

March 31,

 

(in thousands)

 

2014

 

2013

 

Amortization expense

 

 $

14,313

 

 $

14,251

 

Amortization expense for the five succeeding fiscal years

The estimated amortization expense for the remainder of fiscal year 2014 and the five succeeding fiscal years is as follows:

 

 

 

Amortization
Expense

 

Year

 

(in thousands)

 

2014 (remainder)

 

 $

39,581

 

2015

 

48,092

 

2016

 

47,721

 

2017

 

48,552

 

2018

 

46,977

 

2019

 

23,477

 

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 29, 2013

 

 $

(296,669)

 

 $

(8,232)

 

 $

(304,901)

 

Other comprehensive income (loss) before reclassifications

 

 

725

 

725

 

Amounts reclassified from AOCL

 

1,882

 

 

1,882

 

Other comprehensive income (loss)

 

1,882

 

725

 

2,607

 

Ending balance - March 30, 2014

 

 $

(294,787)

 

 $

(7,507)

 

 $

(302,294)

 

 

 

 

Amount Reclassified from AOCL
(in thousands)

 

 

 

 

 

Quarters Ended

 

 

 

 

 

March 30,

 

March 31,

 

Affected Line in the Condensed

 

AOCL Component

 

2014

 

2013

 

Consolidated Statements of Operations

 

 Minimum pension and post-retirement liability

 

 $

3,136

 

 $

5,625

 

 Compensation

 

 

 

(1,254)

 

(2,250)

 

 Provision for income taxes

 

 

 

 $

1,882

 

 $

3,375

 

 Net of tax

Summary of anti-dilutive stock options

 

 

Quarters Ended

 

 

 

March 30,

 

March 31,

 

(shares in thousands)

 

2014

 

2013

 

Anti-dilutive stock options

 

3,668

 

5,729

 

Schedule of cash paid for interest and income taxes

 

 

Quarters Ended

 

 

 

March 30,

 

March 31,

 

(in thousands)

 

2014

 

2013

 

Interest paid (net of amount capitalized)

 

 $

16,907

 

 $

21,885

 

Income taxes paid (net of refunds)

 

4,691

 

(8,214)