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Shareholders' equity (Tables)
 12 Months Ended
Dec. 31, 2016
Shareholders' Equity and Share-based Payments [Abstract]  
Earnings (Loss) Per Share (Basic and Diluted)
Our earnings per share (basic and diluted) for 2016, 2015, and 2014 are presented below:
In thousands, except per share amounts
 
2016
2015
2014
Income from continuing operations attributable to TEGNA Inc.
$
444,171

$
357,458

$
687,936

Income from discontinued operations, net of tax
(7,474
)
102,064

374,235

Net income attributable to TEGNA Inc.
$
436,697

$
459,522

$
1,062,171

Weighted average number of common shares outstanding - basic
216,358

224,688

226,292

Effect of dilutive securities
 
 
 
Restricted stock
1,424

2,236

2,624

Performance Share Units
997

1,867

1,999

Stock options
902

930

992

Weighted average number of common shares outstanding - diluted
219,681

229,721

231,907

Earnings from continuing operations per share - basic
$
2.05

$
1.59

$
3.04

Earnings from discontinued operations per share - basic
(0.03
)
0.45

1.65

Earnings per share - basic
$
2.02

$
2.04

$
4.69

Earnings from continuing operations per share - diluted
$
2.02

$
1.56

$
2.97

Earnings from discontinued operations per share - diluted
(0.03
)
0.44

1.61

Earnings per share - diluted
$
1.99

$
2.00

$
4.58
Assumptions Used to Estimate Fair Value of Option Awards
The following assumptions were used to estimate the fair value of performance share awards:
PSUs Granted During
2016
2015
2014
Expected term
3 yrs.
3 yrs.
3 yrs.
Expected volatility
39.60%
32.00%
39.32%
Risk-free interest rate
1.31%
1.10%
0.78%
Expected dividend yield
2.19%
2.51%
2.70%
Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income (Loss) for Equity Awards
The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards:
In thousands, except per share amounts
 
2016
2015
2014
Restricted stock and RSUs
$
10,607

$
8,438

$
8,604

PSUs
6,983

10,363

7,517

Stock options
—

857

662

Total stock-based compensation
$
17,590

$
19,658

$
16,783
Summary of Restricted Stock and RSU Awards
A summary of restricted stock and RSU awards is presented below: 
2016 Restricted Stock and RSU Activity
Shares
Weighted
average
fair value
Unvested at beginning of year
2,126,526

$
21.55

Granted
616,743

$
25.08

Settled
(1,277,444
)
$
19.22

Canceled
(322,404
)
$
22.27

Unvested at end of year
1,143,421

$
25.66

2015 Restricted Stock and RSU Activity
Shares
Weighted
average
fair value
Unvested at beginning of year
3,577,598

$
16.97

Granted
491,690

$
31.78

Settled
(1,485,735
)
$
14.66

Canceled
(532,524
)
$
19.28

Adjustment due to spin-off of Publishing (a)
75,497

 
Unvested at end of year (a)
2,126,526

$
21.55

(a) The weighted-average grant date fair value of the RSUs included in the line item “Adjustment due to spin-off of publishing” is equal to the weighted-average grant date fair value of the awards at their respective grant date divided by a factor of approximately 1.18. The weighted-average grant date fair value of the unvested RSUs as of Dec. 31, 2015 reflect the adjustment.
2014 Restricted Stock and RSU Activity
Shares
Weighted
average
fair value
Unvested at beginning of year
4,193,985

$
13.92

Granted
1,048,516

$
27.26

Settled
(1,263,702
)
$
15.92

Canceled
(401,201
)
$
16.13

Unvested at end of year
3,577,598

$
16.97
Schedule of Nonvested Performance-based Units Activity
A summary of our performance shares awards is presented below:
2016 PSUs Activity
Target number of shares
Weighted average fair value
Unvested at beginning of year
1,385,940

$
29.21

Granted
392,589

$
30.69

Settled
(687,125
)
$
20.12

Canceled
(72,454
)
$
34.96

Unvested at end of year
1,018,950

$
35.60

2015 PSUs Activity
Target number of shares
Weighted average fair value
Unvested at beginning of year
2,100,115

$
20.95

Granted
285,458

$
39.47

Settled
(925,640
)
$
14.23

Canceled
(123,621
)
$
29.84

Adjustment due to spin-off of Publishing (a)
49,628

 
Unvested at end of year (a)
1,385,940

$
29.21

(a) The weighted-average grant date fair value of the PSUs included in the line item “Adjustment due to spin-off of publishing” is equal to the weighted-average grant date fair value of the awards at their respective grant date divided by a factor of approximately 1.18. The weighted-average grant date fair value of the unvested PSUs as of Dec. 31, 2015 reflect the adjustment.
2014 PSUs Activity
Target number of shares
Weighted average fair value
Unvested at beginning of year
1,760,488

$
16.92

Granted
436,340

$
37.31

Canceled
(96,713
)
$
21.41

Unvested at end of year
2,100,115

$
20.95
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
The elements of our Accumulated Other Comprehensive Loss (AOCL) principally consisted of pension, retiree medical and life insurance liabilities and foreign currency translation gains. The following tables summarize the components of, and changes in, AOCL (net of tax and noncontrolling interests):
In thousands of dollars
2016
Retirement Plans
Foreign Currency Translation
Other
Total
Balance at beginning of year
$
(116,496
)
$
(20,129
)
$
5,674

$
(130,951
)
Other comprehensive loss before reclassifications
(13,143
)
(8,431
)
(11,346
)
(32,920
)
Adjustment due to spin-off of publishing businesses
(2,642
)
—

—

(2,642
)
Amounts reclassified from AOCL
4,940

—

—

4,940

Balance at end of year
$
(127,341
)
$
(28,560
)
$
(5,672
)
$
(161,573
)
In thousands of dollars
2015
Retirement Plans
Foreign Currency Translation
Other
Total
Balance at beginning of year
$
(1,172,245
)
$
391,113

$
2,363

$
(778,769
)
Other comprehensive income (loss) before reclassifications
23,094

(1,966
)
3,311

24,439

Spin-off publishing businesses
1,012,745

(409,276
)
—

603,469

Amounts reclassified from AOCL
19,910

—

—

19,910

Balance at end of year
$
(116,496
)
$
(20,129
)
$
5,674

$
(130,951
)
In thousands of dollars
2014
Retirement Plans
Foreign Currency Translation
Other
Total
Balance at beginning of year
$
(923,595
)
$
427,177

$
2,363

$
(494,055
)
Other comprehensive loss before reclassifications
(276,219
)
(36,064
)
—

(312,283
)
Amounts reclassified from AOCL
27,569

—

—

27,569

Balance at end of year
$
(1,172,245
)
$
391,113

$
2,363

$
(778,769
)
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications out of AOCL related to these post-retirement plans include the following:
In thousands of dollars
 
 
2016
2015
2014
Amortization of prior service cost
$
96

$
1,176

$
(4,082
)
Amortization of actuarial loss
7,972

31,357

46,489

Total reclassifications, before tax
8,068

32,533

42,407

Income tax effect
(3,128
)
(12,623
)
(14,838
)
Total reclassifications, net of tax
$
4,940

$
19,910

$
27,569