Supplemental equity information (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of (loss) income per share per share (basic and diluted)

The following table sets forth the information to compute basic and diluted income (loss) per share:


	Three months ended September 30,				Nine months ended September 30,
In thousands, except per share data	2022		2021		2022		2021
Net income (loss) attributable to Gannett	$	(54,114)	$	14,687	$	(110,769)	$	(112,514)
Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the 2027 Notes, net of taxes	—		7,598		—		—
Net income (loss) attributable to Gannett for diluted earnings per share	$	(54,114)	$	22,285	$	(110,769)	$	(112,514)

Basic weighted average shares outstanding	137,008		135,002		136,857		134,610
Effect of dilutive securities:
Restricted stock grants	—		5,032		—		—
2027 Notes	—		99,419		—		—
Diluted weighted average shares outstanding	137,008		239,453		136,857		134,610

Income (loss) per share attributable to Gannett - basic	$	(0.39)	$	0.11	$	(0.81)	$	(0.84)
Income (loss) per share attributable to Gannett - diluted	$	(0.39)	$	0.09	$	(0.81)	$	(0.84)

Schedule of securities excluded from computation of diluted income (loss) per share

The Company excluded the following securities from the computation of diluted income (loss) per share because their effect would have been antidilutive:


	Three months ended September 30,		Nine months ended September 30,
In thousands	2022	2021	2022	2021
Warrants	845	845	845	845
Stock options	6,068	6,068	6,068	6,068
Restricted stock grants (a)	11,211	42	11,211	10,442
2027 Notes (b)	97,057	—	97,057	99,419

(a)Includes Restricted stock awards ("RSAs"), Restricted stock units ("RSUs") and Performance stock units ("PSUs").

(b)Represents the total number of shares that would be convertible at September 30, 2022 and 2021 as stipulated in the 2027 Notes Indenture.

Schedule of accumulated other comprehensive (loss) income

The following tables summarize the components of, and the changes in, Accumulated other comprehensive (loss) income, net of tax for the nine months ended September 30, 2022 and 2021:


	Nine months ended September 30, 2022						Nine months ended September 30, 2021
In thousands	Pension and postretirement plans		Foreign currency translation		Total		Pension and postretirement plans		Foreign currency translation		Total
Beginning balance	$	50,870	$	9,128	$	59,998	$	40,441	$	9,732	$	50,173
Other comprehensive (loss) income before reclassifications, net of taxes	(62,075)		(44,925)		(107,000)		93		(700)		(607)
Amounts reclassified from accumulated other comprehensive (loss) income(a)(b)(c)	(801)		—		(801)		29		—		29
Net current period other comprehensive (loss) income, net of taxes	(62,876)		(44,925)		(107,801)		122		(700)		(578)
Ending balance	$	(12,006)	$	(35,797)	$	(47,803)	$	40,563	$	9,032	$	49,595

(a)This accumulated other comprehensive (loss) income component is included in the computation of net periodic benefit cost. See Note 7 — Pensions and other postretirement benefit plans.

(b)Amounts reclassified from accumulated other comprehensive (loss) income are recorded net of tax impacts of $0.3 million and $11 thousand for the nine months ended September 30, 2022 and 2021, respectively.

(c)Amounts reclassified from accumulated other comprehensive (loss) income include a net pension settlement gain of $0.7 million ($0.5 million, net of tax) for the nine months ended September 30, 2022. See Note 7 — Pensions and other postretirement benefit plans.