XML 64 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Tables)
12 Months Ended
Dec. 25, 2011
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
Reconciliations between the effective tax rate on income/(loss) from continuing operations before income taxes and the federal statutory rate are presented below.
 
 
December 25, 2011
 
December 26, 2010
 
December 27, 2009
(In thousands)
 
Amount
 
% of
Pre-tax
 
Amount
 
% of
Pre-tax
 
Amount
 
% of
Pre-tax
Tax at federal statutory rate
 
$
(1,302
)
 
35.0
 %
 
$
62,027

 
35.0
 %
 
$
1,321

 
35.0
 %
State and local taxes, net
 
15,095

 
(406.0
)
 
19,010

 
10.7

 
12,418

 
329.1

Effect of enacted changes in tax laws
 
(1,520
)
 
40.9

 
11,370

 
6.4

 
11,743

 
311.2

Reduction in uncertain tax positions
 
(12,105
)
 
325.6

 
(21,722
)
 
(12.2
)
 
(22,338
)
 
(592.0
)
Loss/(gain) on Company-owned life insurance
 
36

 
(1.0
)
 
(3,319
)
 
(1.9
)
 
(4,156
)
 
(110.1
)
Non-deductible goodwill
 
34,992

 
(941.2
)
 

 

 
852

 
22.5

Other, net
 
1,310

 
(35.2
)
 
1,150

 
0.7

 
2,366

 
62.7

Income tax expense
 
$
36,506

 
*

 
$
68,516

 
38.7

 
$
2,206

 
58.4

*
The effective tax rate in 2011 is not meaningful because a portion of the non-cash charge in the second quarter of 2011 for the impairment of the Regional Media Group's goodwill was non-deductible.
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The components of income tax expense as shown in our Consolidated Statements of Operations were as follows: 
(In thousands)
 
December 25,
2011

 
December 26,
2010

 
December 27,
2009

Current tax (benefit)/expense
 
 
 
 
 
 
Federal
 
$
(19,559
)
 
$
14,354

 
$
(23,748
)
Foreign
 
1,110

 
682

 
784

State and local
 
(5,786
)
 
(7,791
)
 
(19,261
)
Total current tax (benefit)/expense
 
(24,235
)
 
7,245

 
(42,225
)
Deferred tax expense/(benefit)
 
 
 
 
 
 
Federal
 
14,523

 
52,735

 
27,320

Foreign
 
37,471

 
(1,384
)
 
(3,546
)
State and local
 
8,747

 
9,920

 
20,657

Total deferred tax expense
 
60,741

 
61,271

 
44,431

Income tax expense
 
$
36,506

 
$
68,516

 
$
2,206

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
The components of the net deferred tax assets and liabilities recognized in our Consolidated Balance Sheets were as follows:
(In thousands)
 
December 25,
2011

 
December 26,
2010

Deferred tax assets
 
 
 
 
Retirement, postemployment and deferred compensation plans
 
$
447,156

 
$
420,745

Accruals for other employee benefits, compensation, insurance and other
 
39,572

 
56,280

Accounts receivable allowances
 
7,114

 
9,587

Other
 
109,946

 
91,424

Gross deferred tax assets
 
603,788

 
578,036

Valuation allowance
 
(39,824
)
 

Net deferred tax assets
 
$
563,964

 
$
578,036

Deferred tax liabilities
 
 
 
 
Property, plant and equipment
 
$
143,308

 
$
141,052

Intangible assets
 
42,150

 
44,568

Investments in joint ventures
 
15,095

 
11,796

Other
 
10,073

 
56,044

Gross deferred tax liabilities
 
210,626

 
253,460

Net deferred tax asset
 
$
353,338

 
$
324,576

Amounts recognized in the Consolidated Balance Sheets
 
 
 
 
Deferred tax asset – current
 
$
73,055

 
$
68,875

Deferred tax asset – long-term
 
280,283

 
255,701

Net deferred tax asset
 
$
353,338

 
$
324,576


Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of unrecognized tax benefits is as follows:
(In thousands)
 
December 25,
2011

 
December 26,
2010

 
December 27,
2009

Balance at beginning of year
 
$
55,636

 
$
70,578

 
$
92,582

Gross additions to tax positions taken during the current year
 
4,094

 
2,565

 
3,545

Gross reductions to tax positions taken during the current year
 

 

 

Gross additions to tax positions taken during the prior year
 
460

 

 

Gross reductions to tax positions taken during the prior year
 
(970
)
 
(13,347
)
 
(13,484
)
Reductions from settlements with taxing authorities
 
(1,941
)
 

 

Reductions from lapse of applicable statutes of limitations
 
(9,308
)
 
(4,160
)
 
(12,065
)
Balance at end of year
 
$
47,971

 
$
55,636

 
$
70,578