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Supplemental Equity Information
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Supplemental equity information
Supplemental equity information
The following table summarizes equity account activity for the six months ended June 30, 2017 and 2016 (in thousands):
 
TEGNA Inc. Shareholders’ Equity
 
Noncontrolling Interests
 
Total Equity
 
 
 
 
 
 
Balance at Dec. 31, 2016
$
2,271,418

 
$
281,587

 
$
2,553,005

Comprehensive income:
 
 
 
 
 
Net loss
(72,638
)
 
(55,892
)
 
(128,530
)
Redeemable noncontrolling interests (income not available to shareholders)
—

 
(2,832
)
 
(2,832
)
Other comprehensive income
9,438

 
4,409

 
13,847

Total comprehensive loss
(63,200
)
 
(54,315
)
 
(117,515
)
Dividends declared
(45,055
)
 
—

 
(45,055
)
Stock-based compensation
10,160

 
—

 
10,160

Treasury shares acquired
(8,453
)
 
—

 
(8,453
)
Spin-off of businesses
(1,510,342
)
 
—

 
(1,510,342
)
Other activity, including shares withheld for employee taxes
(5,443
)
 
(2,179
)
 
(7,622
)
Balance at June 30, 2017
$
649,085

 
$
225,093

 
$
874,178

 
 
 
 
 
 
Balance at Dec. 31, 2015
$
2,191,971

 
$
264,773

 
$
2,456,744

Comprehensive income:
 
 
 
 
 
Net income
184,895

 
25,426

 
210,321

Redeemable noncontrolling interests (income not available to shareholders)
—

 
(2,275
)
 
(2,275
)
Other comprehensive income (loss)
(4,786
)
 
(2,808
)
 
(7,594
)
Total comprehensive income
180,109

 
20,343

 
200,452

Dividends declared
(60,747
)
 
—

 
(60,747
)
Stock-based compensation
9,055

 
—

 
9,055

Treasury shares acquired
(150,917
)
 
—

 
(150,917
)
Other activity, including shares withheld for employee taxes and tax windfall benefits
(18,479
)
 
(1,922
)
 
(20,401
)
Balance at June 30, 2016
$
2,150,992

 
$
283,194

 
$
2,434,186


CareerBuilder owns majority interests in Textkernel, a software company that provides semantic recruitment technology; Economic Modeling Specialists Intl., a software firm that specializes in employment data and labor market analytics; and Workterra, a cloud-based Human Capital Management platform. The minority shareholders of these acquired businesses hold put rights that permit them to put their equity interests to CareerBuilder. Since redemption of the noncontrolling interests is outside of our control, the minority shareholders’ equity interest are presented on the Condensed Consolidated Balance Sheets in the caption “Redeemable noncontrolling interests related to discontinued operations.”


The following table summarizes the components of, and the changes in, Accumulated Other Comprehensive Loss (AOCL), net of tax and noncontrolling interests (in thousands):
 
Retirement Plans
 
Foreign Currency Translation (1)
 
Other
 
Total
 
 
 
 
 
 
 
 
Quarters Ended:
 
 
 
 
 
 
 
Balance at Mar. 31, 2017
$
(126,063
)
 
$
(27,363
)
 
$
(7,965
)
 
$
(161,391
)
Other comprehensive loss before reclassifications
—

 
3,755

 
586

 
4,341

Amounts reclassified from AOCL
1,431

 
—

 
9,743

 
11,174

Other comprehensive income
1,431

 
3,755

 
10,329

 
15,515

Balance at June 30, 2017
$
(124,632
)
 
$
(23,608
)
 
$
2,364

 
$
(145,876
)
 
 
 
 
 
 
 
 
Balance at Mar. 31, 2016
$
(115,334
)
 
$
(19,494
)
 
$
3,691

 
$
(131,137
)
Other comprehensive income (loss) before reclassifications
—

 
(3,788
)
 
(2,292
)
 
(6,080
)
Amounts reclassified from AOCL
1,480

 
—

 
—

 
1,480

Other comprehensive income (loss)
1,480

 
(3,788
)
 
(2,292
)
 
(4,600
)
Balance at June 30, 2016
$
(113,854
)
 
$
(23,282
)
 
$
1,399

 
$
(135,737
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retirement Plans
 
Foreign Currency Translation (1)
 
Other
 
Total
 
 
 
 
 
 
 
 
Six Months Ended:
 
 
 
 
 
 
 
Balance at Dec. 31, 2016
$
(127,341
)
 
$
(28,560
)
 
$
(5,672
)
 
$
(161,573
)
Other comprehensive loss before reclassifications
—

 
4,952

 
(1,707
)
 
3,245

Amounts reclassified from AOCL
2,709

 
—

 
9,743

 
12,452

Other comprehensive income (loss)
2,709

 
4,952

 
8,036

 
15,697

Balance at June 30, 2017
$
(124,632
)
 
$
(23,608
)
 
$
2,364

 
$
(145,876
)
 
 
 
 
 
 
 
 
Balance at Dec. 31, 2015
$
(116,496
)
 
$
(20,129
)
 
$
5,674

 
$
(130,951
)
Other comprehensive income (loss) before reclassifications
—

 
(3,153
)
 
(4,275
)
 
(7,428
)
Amounts reclassified from AOCL
2,642

 
—

 
—

 
2,642

Other comprehensive income (loss)
2,642

 
(3,153
)
 
(4,275
)
 
(4,786
)
Balance at June 30, 2016
$
(113,854
)
 
$
(23,282
)
 
$
1,399

 
$
(135,737
)
 
 
 
 
 
 
 
 
(1) Our entire foreign currency translation adjustment is related to our CareerBuilder business which is held for sale as of June 30, 2017 (see Note 12).










Reclassifications from AOCL to the Statement of Income are comprised of pension and other post-retirement components and a loss on our available for sale investment. Pension and other post retirement reclassifications are related to the amortization of prior service costs and amortization of actuarial losses. The loss on our available for sale investments represents an other than temporary impairment (OTTI) recognized on our investment in shares of common stock of Gannett Co., Inc. The OTTI loss represents the amount of loss previously recorded to AOCL which is now being recognized as a non-operating expense on the Consolidated Statement of Income due to the fact that we expect to sell our investment by the end of 2017 and we do not expect the investment to fully recover the losses we have incurred. Amounts reclassified out of AOCL are summarized below (in thousands):
 
Quarter ended
June 30,
 
Six months ended
June 30,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Amortization of prior service cost
$
32

 
$
80

 
$
32

 
$
130

Amortization of actuarial loss
2,295

 
2,342

 
4,370

 
4,192

Reclassification of available for sale investment
9,743

 
—

 
9,743

 
—

Total reclassifications, before tax
12,070

 
2,422

 
14,145

 
4,322

Income tax effect
(896
)
 
(942
)
 
(1,693
)
 
(1,680
)
Total reclassifications, net of tax
$
11,174

 
$
1,480

 
$
12,452

 
$
2,642