XML 64 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) $ 373,989us-gaap_NetIncomeLoss $ 18,803us-gaap_NetIncomeLoss $ (144)us-gaap_NetIncomeLoss
Less income from discontinued operations, net of tax (1,988)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 2,359us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 3,822us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Income from continuing operations 375,977us-gaap_IncomeLossFromContinuingOperations 16,444us-gaap_IncomeLossFromContinuingOperations (3,966)us-gaap_IncomeLossFromContinuingOperations
Reconciliation to net cash from operations:      
Depreciation and amortization 113,638us-gaap_DepreciationDepletionAndAmortization 121,570us-gaap_DepreciationDepletionAndAmortization 124,348us-gaap_DepreciationDepletionAndAmortization
(Gain) loss on disposal of equipment (including impairments) (918)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges (1,914)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges (988)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges
Contribution to qualified defined benefit pension plan (25,000)us-gaap_PensionAndOtherPostretirementBenefitContributions (7,600)us-gaap_PensionAndOtherPostretirementBenefitContributions (40,000)us-gaap_PensionAndOtherPostretirementBenefitContributions
Retirement benefit expense 4,632us-gaap_PensionAndOtherPostretirementBenefitExpense 12,162us-gaap_PensionAndOtherPostretirementBenefitExpense 1,384us-gaap_PensionAndOtherPostretirementBenefitExpense
Stock-based compensation expense 3,479us-gaap_ShareBasedCompensation 3,481us-gaap_ShareBasedCompensation 3,517us-gaap_ShareBasedCompensation
Deferred income taxes (32,233)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (9,774)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (9,548)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Equity income in unconsolidated companies (19,084)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (42,651)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (31,935)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Gains related to equity investments (705,247)us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal    
Distributions of income from equity investments 160,707us-gaap_EquityMethodInvestmentDividendsOrDistributions 39,504us-gaap_EquityMethodInvestmentDividendsOrDistributions 19,550us-gaap_EquityMethodInvestmentDividendsOrDistributions
Loss on extinguishment of debt 72,777us-gaap_GainsLossesOnExtinguishmentOfDebt 13,643us-gaap_GainsLossesOnExtinguishmentOfDebt 88,430us-gaap_GainsLossesOnExtinguishmentOfDebt
Gain on disposal of Miami property   (12,938)us-gaap_GainLossOnDispositionOfAssets  
Asset impairments 8,227us-gaap_AssetImpairmentCharges 17,181us-gaap_AssetImpairmentCharges  
Other (4,137)us-gaap_OtherNoncashIncomeExpense (3,865)us-gaap_OtherNoncashIncomeExpense (133)us-gaap_OtherNoncashIncomeExpense
Changes in certain assets and liabilities:      
Trade receivables 19,390us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 9,877us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 1,667us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Inventories 3,822us-gaap_IncreaseDecreaseInInventories 3,534us-gaap_IncreaseDecreaseInInventories (1,467)us-gaap_IncreaseDecreaseInInventories
Other assets (111)us-gaap_IncreaseDecreaseInOtherOperatingAssets (391)us-gaap_IncreaseDecreaseInOtherOperatingAssets (4,432)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable (1,870)us-gaap_IncreaseDecreaseInAccountsPayable 1,085us-gaap_IncreaseDecreaseInAccountsPayable (2,029)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued compensation (6,291)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (57)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 4,442us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Income taxes 186,208us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 3,745us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (58,229)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Accrued interest (4,452)us-gaap_IncreaseDecreaseInInterestPayableNet (3,631)us-gaap_IncreaseDecreaseInInterestPayableNet (31,011)us-gaap_IncreaseDecreaseInInterestPayableNet
Other liabilities (6,333)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (5,824)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (11,916)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by (used in) operating activities 143,181us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 153,581us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 47,684us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash provided by (used in) discontinued operations (37)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 2,459us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 5,241us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash provided by operating activities 143,144us-gaap_NetCashProvidedByUsedInOperatingActivities 156,040us-gaap_NetCashProvidedByUsedInOperatingActivities 52,925us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (23,441)us-gaap_PaymentsToAcquireProductiveAssets (33,273)us-gaap_PaymentsToAcquireProductiveAssets (34,391)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from sale of property, plant and equipment and other 10,301us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 4,703us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 1,925us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Proceeds from redemption of certificates of deposit   2,210us-gaap_ProceedsFromPaymentsForInInterestBearingDepositsInBanks  
Purchase of certificates of deposit (33,483)mni_PurchaseOfCertificateOfDeposit   (2,222)mni_PurchaseOfCertificateOfDeposit
Proceeds from return of insurance-related deposit   6,400mni_ProceedsFromReturnOfInsuranceRelatedDeposit  
Purchase of insurance-related deposits (6,770)mni_PurchaseOfInsuranceRelatedDeposits    
Distributions from equity investments 1,621us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 2,932us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 19,050us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
Contributions to equity investments (4,158)us-gaap_PaymentsToAcquireEquityMethodInvestments (1,319)us-gaap_PaymentsToAcquireEquityMethodInvestments (2,606)us-gaap_PaymentsToAcquireEquityMethodInvestments
Proceeds on equity investments 607,942us-gaap_ProceedsFromSaleOfEquityMethodInvestments    
Equity investments and other-net   (1,500)mni_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnsOfCapitalAndOtherInvestingActivities  
Net cash provided by (used in) investing activities 552,012us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (19,847)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (18,244)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Net cash provided by (used in) discontinued operations 32,953us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (200)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (397)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Net cash provided by (used in) investing activities 584,965us-gaap_NetCashProvidedByUsedInInvestingActivities (20,047)us-gaap_NetCashProvidedByUsedInInvestingActivities (18,641)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of notes     910,000us-gaap_ProceedsFromIssuanceOfMediumTermNotes
Repurchase of public notes and related expenses (584,366)mni_ExtinguishmentOfPublicNotesAndRelatedExpenses (165,549)mni_ExtinguishmentOfPublicNotesAndRelatedExpenses (900,481)mni_ExtinguishmentOfPublicNotesAndRelatedExpenses
Payment of Financing Costs     (20,990)us-gaap_PaymentsOfFinancingCosts
Proceeds from financing obligation related to Miami transaction     6,000us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
Other (3,693)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2,721)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (1,745)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used in) financing activities (588,059)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (168,270)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (7,216)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Increase (decrease) in cash and cash equivalents 140,050us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (32,277)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 27,068us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 80,811us-gaap_CashAndCashEquivalentsAtCarryingValue 113,088us-gaap_CashAndCashEquivalentsAtCarryingValue 86,020us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 220,861us-gaap_CashAndCashEquivalentsAtCarryingValue $ 80,811us-gaap_CashAndCashEquivalentsAtCarryingValue $ 113,088us-gaap_CashAndCashEquivalentsAtCarryingValue