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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenues $ 489,369 $ 476,978 $ 948,439 $ 937,616
Operating expenses:        
Cost of revenues, exclusive of depreciation 229,683 196,935 461,091 389,563
Business units - Selling, general and administrative expenses, exclusive of depreciation 75,302 81,975 143,731 163,241
Corporate - General and administrative expenses, exclusive of depreciation 14,248 14,351 29,581 27,838
Depreciation 13,318 14,478 26,535 29,441
Amortization of intangible assets 5,388 5,775 10,777 11,767
Asset impairment and facility consolidation charges 1,350 3,728 3,533 3,728
Total 339,289 317,242 675,248 625,578
Operating income 150,080 159,736 273,191 312,038
Non-operating expense:        
Equity loss in unconsolidated investments, net (946) (4,996) (2,415) (1,565)
Interest expense (54,843) (56,143) (110,258) (117,843)
Other non-operating items (21,108) (4,562) (23,182) (4,155)
Total (76,897) (65,701) (135,855) (123,563)
Income before income taxes 73,183 94,035 137,336 188,475
Provision for income taxes 23,913 27,037 43,408 53,597
Net Income from continuing operations 49,270 66,998 93,928 134,878
(Loss) income from discontinued operations, net of tax (241,699) 47,387 (222,458) 75,443
Net (loss) income (192,429) 114,385 (128,530) 210,321
Net loss (income) attributable to noncontrolling interests from discontinued operations 62,077 (14,934) 55,892 (25,426)
Net (loss) income attributable to TEGNA Inc. $ (130,352) $ 99,451 $ (72,638) $ 184,895
Earnings from continuing operations per share - basic (in dollars per share) $ 0.23 $ 0.31 $ 0.44 $ 0.62
(Loss) earnings from discontinued operations per share - basic (in dollars per share) (0.83) 0.15 (0.77) 0.23
Net (loss) income per share – basic (In dollars per share) (0.60) 0.46 (0.33) 0.85
Earnings from continuing operations per share - diluted (in dollars per share) 0.23 0.30 0.43 0.61
(Loss) earnings from discontinued operations per share - diluted (in dollars per share) (0.83) 0.15 (0.77) 0.23
Net (loss) income per share – diluted (In dollars per share) $ (0.60) $ 0.45 $ (0.34) $ 0.84
Weighted average number of common shares outstanding:        
Basic shares 215,501 216,518 215,404 217,902
Diluted shares 217,812 220,204 217,691 221,729
Dividends declared per share (in dollars per share) $ 0.07 $ 0.14 $ 0.21 $ 0.28