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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 27, 2015
Sep. 30, 2016
Sep. 27, 2015
Operating revenues:        
Media $ 501,686 $ 406,445 $ 1,404,462 $ 1,219,911
Digital 358,579 351,073 1,049,320 1,025,770
Total 860,265 757,518 2,453,782 2,245,681
Operating expenses:        
Cost of revenues and operating expenses, exclusive of depreciation 261,065 224,294 764,793 690,781
Selling, general and administrative expenses, exclusive of depreciation 268,415 265,102 824,561 794,650
Depreciation 22,634 21,518 67,494 70,752
Amortization of intangible assets 29,161 28,502 85,703 86,156
Asset impairment charges and facility consolidation 15,218 0 18,946 17,079
Total 596,493 539,416 1,761,497 1,659,418
Operating income 263,772 218,102 692,285 586,263
Non-operating expenses:        
Equity loss in unconsolidated investments, net (3,549) (1,012) (6,530) (4,123)
Interest expense (57,607) (66,949) (175,461) (206,871)
Other non-operating expenses, net (11,051) (3,115) (11,220) (5,346)
Total (72,207) (71,076) (193,211) (216,340)
Income before income taxes 191,565 147,026 499,074 369,923
Provision for income taxes 58,130 35,967 147,844 120,706
Income from continuing operations 133,435 111,059 351,230 249,217
Income (loss) from discontinued operations, net of tax 0 (5,317) (7,474) 115,501
Net income 133,435 105,742 343,756 364,718
Net income attributable to noncontrolling interests (14,752) (17,487) (40,178) (47,701)
Net income attributable to TEGNA Inc. $ 118,683 $ 88,255 $ 303,578 $ 317,017
Earnings from continuing operations per share - basic (in dollars per share) $ 0.55 $ 0.42 $ 1.43 $ 0.89
Earnings (loss) from discontinued operations per share - basic (in dollars per share) 0.00 (0.03) (0.03) 0.51
Net income per share – basic (In dollars per share) 0.55 0.39 1.40 1.40
Earnings from continuing operations per share - diluted (in dollars per share) 0.54 0.41 1.41 0.87
Earnings (loss) from discontinued operations per share - diluted (in dollars per share) 0.00 (0.03) (0.03) 0.50
Net income per share – diluted (In dollars per share) $ 0.54 $ 0.38 $ 1.38 $ 1.37
Weighted average number of common shares outstanding:        
Basic shares 214,813 224,530 216,865 226,053
Diluted shares 218,099 230,078 220,511 231,310
Dividends declared per share (in dollars per share) $ 0.14 $ 0.14 $ 0.42 $ 0.54