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Shareholders' equity (Tables)
 12 Months Ended
Dec. 31, 2017
Shareholders' Equity and Share-based Payments [Abstract]  
Earnings (Loss) Per Share (Basic and Diluted)
Our earnings per share (basic and diluted) for 2017, 2016, and 2015 are presented below (in thousands, except per share amounts):
 
2017
 
2016
(recast)
 
2015
(recast)
Income from continuing operations
$
447,962

 
$
309,120

 
$
229,606

(Loss) income from discontinued operations, net of tax
(232,916
)
 
178,879

 
293,080

Net loss (income) attributable to noncontrolling interests from discontinued operations
58,698

 
(51,302
)
 
(63,164
)
Net income attributable to TEGNA Inc.
$
273,744

 
$
436,697

 
$
459,522

 
 
 
 
 
 
Weighted average number of common shares outstanding - basic
215,587

 
216,358

 
224,688

Effect of dilutive securities
 
 
 
 
 
Restricted stock
659

 
1,424

 
2,236

Performance share units
550

 
997

 
1,867

Stock options
682

 
902

 
930

Weighted average number of common shares outstanding - diluted
217,478

 
219,681

 
229,721

 
 
 
 
 
 
Earnings from continuing operations per share - basic
$
2.08

 
$
1.43

 
$
1.02

Earnings from discontinued operations per share - basic
(0.81
)
 
0.59

 
1.02

Earnings per share - basic
$
1.27

 
$
2.02

 
$
2.04

 
 
 
 
 
 
Earnings from continuing operations per share - diluted
$
2.06

 
$
1.41

 
$
1.00

Earnings from discontinued operations per share - diluted
(0.80
)
 
0.58

 
1.00

Earnings per share - diluted
$
1.26

 
$
1.99

 
$
2.00
Assumptions Used to Estimate Fair Value of Option Awards
The following assumptions were used to estimate the fair value of PSUs:
PSU Activity
2017
 
2016
 
2015
Expected term
3 yrs.
 
3 yrs.
 
3 yrs.
Expected volatility
29.90%
 
39.60%
 
32.00%
Risk-free interest rate
1.47%
 
1.31%
 
1.10%
Expected dividend yield
2.62%
 
2.19%
 
2.51%
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 pertaining to continuing operations (in thousands):
 
2017
 
2016
 
2015
 
 
 
(recast)
 
(recast)
Restricted stock and RSUs
$
9,408

 
$
9,957

 
$
7,788

PSUs
6,234

 
6,341

 
10,038

Stock options
427

 
—

 
857

Total stock-based compensation
16,069

 
16,298

 
18,683

Total income tax benefit
7,442

 
12,677

 
7,264

Stock-based compensation net of tax
$
8,627

 
$
3,621

 
$
11,419
Summary of Restricted Stock and RSU Awards
A summary of restricted stock and RSU awards is presented below: 
 
2017
 
2016
 
2015
Restricted Stock and RSU Activity
Shares
 
Weighted
average
fair value
 
Shares
 
Weighted
average
fair value
 
Shares
 
Weighted
average
fair value
Unvested at beginning of year
1,143,421

 
$
25.66

 
2,126,526

 
$
21.55

 
3,577,598

 
$
16.97

Granted
989,443

 
19.41

 
616,743

 
25.08

 
491,690

 
31.78

Vested
(1,162,231
)
 
25.18

 
(1,277,444
)
 
19.22

 
(1,485,735
)
 
14.66

Canceled
(514,460
)
 
21.49

 
(322,404
)
 
22.27

 
(532,524
)
 
19.28

Adjustment due to spin-off of Publishing (a)
—

 
 
 
—

 
 
 
75,497

 
 
Adjustment due to spin-off of Cars.com (b)
606,377

 
 
 
—

 
 
 
—

 
 
Unvested at end of year (a) (b)
1,062,550

 
$
21.29

 
1,143,421

 
$
25.66

 
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.

(b) The weighted-average grant date fair value of the RSUs included in the line item “Adjustment due to spin-off of Cars.com” is equal to the weighted-average grant date fair value of the awards at their respective grant date divided by a factor of approximately 1.59. The weighted-average grant date fair value of the unvested RSUs as of Dec. 31, 2017 reflect the adjustment.
Schedule of Nonvested Performance-based Units Activity
A summary of our performance shares awards is presented below:
 
2017
 
2016
 
2015
PSUs Activity
Target number of shares
 
Weighted average fair value
 
Target number of shares
 
Weighted average fair value
 
Target number of shares
 
Weighted average fair value
Unvested at beginning of year
1,018,950

 
$
35.60

 
1,385,940

 
$
29.21

 
2,100,115

 
$
20.95

Granted
307,950

 
23.92

 
392,589

 
30.69

 
285,458

 
39.47

Vested
(774,267
)
 
36.94

 
(687,125
)
 
20.12

 
(925,640
)
 
14.23

Canceled
(68,573
)
 
31.80

 
(72,454
)
 
34.96

 
(123,621
)
 
29.84

Adjustment due to spin-off of Publishing (a)
—

 
 
 
—

 
 
 
49,628

 
 
Adjustment due to spin-off of Cars.com (b)
178,775

 
 
 
—

 
 
 
—

 
 
Unvested at end of year (a) (b)
662,835

 
$
25.87

 
1,018,950

 
$
35.60

 
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.

(b) The weighted-average grant date fair value of the PSUs included in the line item “Adjustment due to spin-off of Cars.com” is equal to the weighted-average grant date fair value of the awards at their respective grant date divided by a factor of approximately 1.59. The weighted-average grant date fair value of the unvested PSUs as of Dec. 31, 2017 reflect the adjustment.
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive loss

The elements of our Accumulated Other Comprehensive Loss (AOCL) principally consisted of pension, retiree medical and life insurance liabilities and foreign currency translation. The following tables summarize the components of, and changes in AOCL, net of tax and noncontrolling interests (in thousands):
2017
Retirement Plans
 
Foreign Currency Translation (1)
 
Other
 
Total
Balance at beginning of year
$
(124,978
)
 
$
(28,560
)
 
$
(8,035
)
 
$
(161,573
)
Other comprehensive income (loss) before reclassifications
12,496

 
6,649

 
(1,707
)
 
17,438

Amounts reclassified from AOCL
5,445

 
22,025

 
9,742

 
37,212

Balance at end of year
$
(107,037
)
 
$
114

 
$
—

 
$
(106,923
)
 
 
 
 
 
 
 
 
(1) Our entire foreign currency translation adjustment is related to our CareerBuilder investment. As a result of deconsolidating the investment due to the sale of our majority ownership, we reclassified the translation adjustment from AOCL to the Consolidated Statement of Income as of the date of sale, July 31, 2017. Due to the noncontrolling ownership stake that we retained in CareerBuilder, we will continue to record our share of foreign currently translation adjustments through our equity method investment.
2016
Retirement Plans
 
Foreign Currency Translation
 
Other
 
Total
Balance at beginning of year
$
(114,133
)
 
$
(20,129
)
 
$
3,311

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

 
—

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

 
—

 
—

 
4,940

Balance at end of year
$
(124,978
)
 
$
(28,560
)
 
$
(8,035
)
 
$
(161,573
)
2015
Retirement Plans
 
Foreign Currency Translation
 
Other
 
Total
Balance at beginning of year
$
(1,169,882
)
 
$
391,113

 
$
—

 
$
(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
$
(114,133
)
 
$
(20,129
)
 
$
3,311

 
$
(130,951
)
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications out of AOCL related to these post-retirement plans include the following (in thousands):
 
2017
 
2016
 
2015
Amortization of prior service cost
$
63

 
$
96

 
$
1,176

Amortization of actuarial loss
8,774

 
7,972

 
31,357

Total reclassifications, before tax
8,837

 
8,068

 
32,533

Income tax effect
(3,392
)
 
(3,128
)
 
(12,623
)
Total reclassifications, net of tax
$
5,445

 
$
4,940

 
$
19,910