Fair Value Measurements (Tables)

12 Months Ended

Dec. 30, 2012

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes our financial assets measured at fair value on a recurring basis as of December 30, 2012:



(In thousands)	December 30, 2012
(In thousands)	Total		Level 1		Level 2		Level 3
Available-for-sale security	$	4,444	$	4,444	$	—	$	—

The following table summarizes our financial liabilities measured at fair value on a recurring basis as of December 30, 2012 and December 25, 2011:



(In thousands)	December 30, 2012								December 25, 2011
(In thousands)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Deferred compensation	$	52,882	$	52,882	$	—	$	—	$	71,354	$	71,354	$	—	$	—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following tables present non-financial assets that were measured and recorded at fair value on a non-recurring basis and the total impairment losses recorded during 2012, 2011 and 2010 on those assets.

2012



(In thousands)	Net Carrying Value as of		Fair Value Measured and Recorded Using						Impairment Losses
(In thousands)	December 30, 2012		Level 1		Level 2		Level 3		December 30, 2012
Goodwill	$	—	$	—	$	—	$	—	$	194,732	⁽¹⁾
Cost method investments	—		—		—		—		5,500


(1)	Impairment losses relate to the About Group and are included within “(Loss)/income from discontinued operations, net of income taxes” for the year ended December 30, 2012. We sold the About Group in September 2012. See Note 15 for additional information.

2011



(In thousands)	Net Carrying Value as of		Fair Value Measured and Recorded Using						Impairment Losses
(In thousands)	December 25, 2011		Level 1		Level 2		Level 3		December 25, 2011
Goodwill	$	—	$	—	$	—	$	—	$	152,093	⁽¹⁾
Other intangible assets	2,864		—		—		2,864		10,574
Property, plant and equipment, net	—		—		—		—		1,767


(1)	Impairment losses relate to the Regional Media Group and are included within “(Loss)/income from discontinued operations, net of income taxes” for the year ended December 25, 2011. We sold the Regional Media Group in January 2012. See Note 15 for additional information.

2010



(In thousands)	Net Carrying Value as of		Fair Value Measured and Recorded Using						Impairment Losses
(In thousands)	December 26, 2010		Level 1		Level 2		Level 3		December 26, 2010
Property, plant and equipment, net	$	4,838	$	—	$	—	$	4,838	$	16,148

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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