SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 29, 2015

SIGNIFICANT ACCOUNTING POLICIES

Schedule of components of property, plant and equipment

	Three Months Ended
	March 29,		March 30,
(in thousands)	2015		2014
Depreciation expense	$	11,523	$	25,982

Schedule of intangible assets (primarily advertiser lists, subscriber lists and developed technology), mastheads and goodwill

	December 28,		Amortization		March 29,
(in thousands)	2014		Expense		2015
Intangible assets subject to amortization	$	833,254	$	-	$	833,254
Accumulated amortization		(615,378)		(12,140)		(627,518)
		217,876		(12,140)		205,736
Mastheads		193,039		-		193,039
Goodwill		996,115		-		996,115
Total	$	1,407,030	$	(12,140)	$	1,394,890

Summary of amortization expense with respect to intangible assets

	Three Months Ended
	March 29,		March 30,
(in thousands)	2015		2014
Amortization expense	$	12,140	$	14,313

Amortization expense for the five succeeding fiscal years

The estimated amortization expense for the remainder of fiscal year 2015 and the five succeeding fiscal years is as follows: 

	Amortization
	Expense
Year	(in thousands)
2015 (Remainder)	$	36,236
2016		47,986
2017		48,907
2018		47,275
2019		23,769
2020		418

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

			Other
	Minimum		Comprehensive
	Pension and		Loss
	Post-		Related to
	Retirement		Equity
(in thousands)	Liability		Investments		Total
Balance at December 28, 2014	$	(407,552)	$	(9,051)	$	(416,603)
Other comprehensive income (loss) before reclassifications		—		(247)		(247)
Amounts reclassified from AOCL		2,881		—		2,881
Other comprehensive income (loss)		2,881		(247)		2,634
Balance at March 29, 2015	$	(404,671)	$	(9,298)	$	(413,969)

Schedule of reclassification out of accumulated other comprehensive income

	Amount Reclassified from AOCL (in thousands)
	Three Months Ended
	March 29,		March 30,		Affected Line in the Condensed
AOCL Component	2015		2014		Consolidated Statements of Operations
Minimum pension and post-retirement liability	$	4,802	$	3,136	Compensation
		(1,921)		(1,254)	Benefit for income taxes
	$	2,881	$	1,882	Net of tax

Summary of anti-dilutive stock options

	Three Months Ended
	March 29,	March 30,
(shares in thousands)	2015	2014
Anti-dilutive stock options	4,565	3,668

Schedule of cash paid for interest and income taxes

	Three Months Ended
	March 29,		March 30,
(in thousands)	2015		2014
Interest paid (net of amount capitalized)	$	12,695	$	16,907
Income taxes paid (net of refunds)		178,581		4,691