XML 38 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Prior Period Adjustments - Statements of Operations (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Dec. 30, 2012
Sep. 23, 2012
Jun. 24, 2012
Mar. 25, 2012
Jun. 30, 2013
Jun. 24, 2012
Dec. 30, 2012
Dec. 25, 2011
Revenues $ 485,363 $ 465,933 $ 575,818 $ 449,028 $ 489,802 $ 475,432 $ 951,296 $ 965,234 $ 1,990,080 $ 1,952,630
Production costs 192,396 196,267 223,434 200,944 202,578 202,707 388,662 405,285 829,663 808,456
Selling, general and administrative costs 217,928 224,201 234,929 216,227 220,236 229,124 442,131 449,360 900,516 885,446
Depreciation and amortization 21,608 21,800 21,237 22,485 22,920 30,116 43,408 53,036 96,758 94,224
Total operating costs 431,932 442,268 479,600 439,656 445,734 461,947 874,201 907,681 1,826,937 1,788,126
Pension settlement expense   0 47,657 0 0 0     47,657 0
Other expense   0 2,620 0 0 0     2,620 4,500
Impairment of assets   0 0 0 0 0     0 9,225
Pension withdrawal expense   0 0 0 0 0     0 4,228
Operating profit 53,431 23,665 45,941 9,372 44,068 13,485 77,095 57,553 112,866 146,551
Gain on sale of investment 0 0 164,630 0 37,797 17,848 0 55,645 220,275 71,171
Impairment of investments 0 0 0 600 0 4,900 0 4,900 5,500 0
(Loss)/income from joint ventures (459) (2,940) 927 1,027 1,079 (29) (3,399) 1,050 3,004 28
Premium on debt redemption   0 0 0 0 0     0 46,381
Interest expense, net 14,646 14,074 16,402 15,497 15,464 15,452 28,720 30,916 62,815 85,243
Income from continuing operations before income taxes 38,326 6,651 195,096 (5,698) 67,480 10,952 44,976 78,432 267,830 86,126
Income tax expense 18,189 3,328 76,497 (2,396) 29,440 1,793 21,516 31,233 105,334 32,810
Income from continuing operations 20,137 3,323 118,599 (3,302) 38,040 9,159 23,460 47,199 162,496 53,316
(Loss)/income from discontinued operations, net of income taxes 0 0 59,789 6,026 (125,689) 33,391 0 (92,298) (26,483) (91,519)
Net income/(loss) 20,137 3,323 178,388 2,724 (87,649) 42,550 23,460 (45,099) 136,013 (38,203)
Net (income)/loss attributable to the noncontrolling interest (6) 249 (267) 21 27 53 243 80 (166) 555
Net income/(loss) attributable to The New York Times Company common stockholders 20,131 3,572 178,121 2,745 (87,622) 42,603 23,703 (45,019) 135,847 (37,648)
Income/(loss) from continuing operations 20,131 3,572 118,332 (3,281) 38,067 9,212 23,703 47,279 162,330 53,871
Basic (in shares) 148,797 148,710 148,461 148,254 148,005 147,867 148,754 147,936 148,147 147,190
Diluted (in shares) 156,511 155,270 154,685 148,254 149,799 151,468 156,101 150,669 152,693 152,007
Income/(loss) from continuing operations $ 0.14 $ 0.02 $ 0.80 $ (0.02) $ 0.26 $ 0.06 $ 0.16 $ 0.32 $ 1.10 $ 0.36
(Loss)/income from discontinued operations, net of income taxes $ 0.00 $ 0.00 $ 0.40 $ 0.04 $ (0.85) $ 0.23 $ 0.00 $ (0.62) $ (0.18) $ (0.62)
Net income/(loss) $ 0.14 $ 0.02 $ 1.20 $ 0.02 $ (0.59) $ 0.29 $ 0.16 $ (0.30) $ 0.92 $ (0.26)
Income/(loss) from continuing operations $ 0.13 $ 0.02 $ 0.76 $ (0.02) $ 0.25 $ 0.06 $ 0.15 $ 0.31 $ 1.06 $ 0.35
(Loss)/income from discontinued operations, net of income taxes $ 0.00 $ 0.00 $ 0.39 $ 0.04 $ (0.83) $ 0.22 $ 0.00 $ (0.61) $ (0.17) $ (0.60)
Net income/(loss)–Diluted $ 0.13 $ 0.02 $ 1.15 $ 0.02 $ (0.58) $ 0.28 $ 0.15 $ (0.30) $ 0.89 $ (0.25)
Restatement Adjustment [Member]
                   
Revenues   0 0 0 0 0     0 0
Production costs   (607) (676) (633) (628) (628)     (2,565) (2,113)
Selling, general and administrative costs   (188) (185) (230) (237) (237)     (889) (786)
Depreciation and amortization   0 0 0 0 0     0 0
Total operating costs   (795) (861) (863) (865) (865)     (3,454) (2,899)
Pension settlement expense   0 (1,072) 0 0 0     (1,072) 0
Other expense   0 0 0 0 0     0 0
Impairment of assets   0 0 0 0 0     0 0
Pension withdrawal expense   0 0 0 0 0     0 0
Operating profit   795 1,933 863 865 865     4,526 2,899
Gain on sale of investment   0 0 0 0 0     0 0
Impairment of investments   0 0 0 0 0     0 0
(Loss)/income from joint ventures   0 0 0 0 0     0 0
Premium on debt redemption   0 0 0 0 0     0 0
Interest expense, net   0 0 0 0 0     0 0
Income from continuing operations before income taxes   795 1,933 863 865 865     4,526 2,899
Income tax expense   361 722 400 338 392     1,852 878
Income from continuing operations   434 1,211 463 527 473     2,674 2,021
(Loss)/income from discontinued operations, net of income taxes   0 0 0 0 0     0 0
Net income/(loss)   434 1,211 463 527 473     2,674 2,021
Net (income)/loss attributable to the noncontrolling interest   0 0 0 0 0     0 0
Net income/(loss) attributable to The New York Times Company common stockholders   434 1,211 463 527 473     2,674 2,021
Income/(loss) from continuing operations   434 1,211 463 527 473     2,674 2,021
Basic (in shares)   148,710 148,461 148,254 148,005 147,867     148,147 147,190
Diluted (in shares)   155,270 154,685 148,254 149,799 151,468     152,693 152,007
Income/(loss) from continuing operations   $ 0.00 $ 0.01 $ 0.00 $ 0.01 $ 0.00     $ 0.02 $ 0.01
(Loss)/income from discontinued operations, net of income taxes   $ 0.00 $ 0.00    $ 0.00 $ 0.00     $ 0.00 $ 0.00
Net income/(loss)   $ 0.00 $ 0.01 $ 0.00 $ 0.01 $ 0.00     $ 0.02 $ 0.01
Income/(loss) from continuing operations   $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00     $ 0.02 $ 0.01
(Loss)/income from discontinued operations, net of income taxes   $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00     $ 0.00 $ 0.00
Net income/(loss)–Diluted   $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00     $ 0.02 $ 0.01
Scenario, Previously Reported [Member]
                   
Revenues   465,933 575,818 449,028 489,802 475,432     1,990,080 1,952,630
Production costs   196,874 224,110 201,577 203,206 203,335     832,228 810,569
Selling, general and administrative costs   224,389 235,114 216,457 220,473 229,361     901,405 886,232
Depreciation and amortization   21,800 21,237 22,485 22,920 30,116     96,758 94,224
Total operating costs   443,063 480,461 440,519 446,599 462,812     1,830,391 1,791,025
Pension settlement expense   0 48,729 0 0 0     48,729 0
Other expense   0 2,620 0 0 0     2,620 4,500
Impairment of assets   0 0 0 0 0     0 9,225
Pension withdrawal expense   0 0 0 0 0     0 4,228
Operating profit   22,870 44,008 8,509 43,203 12,620     108,340 143,652
Gain on sale of investment   0 164,630 0 37,797 17,848     220,275 71,171
Impairment of investments   0 0 600 0 4,900     5,500 0
(Loss)/income from joint ventures   (2,940) 927 1,027 1,079 (29)     3,004 28
Premium on debt redemption   0 0 0 0 0     0 46,381
Interest expense, net   14,074 16,402 15,497 15,464 15,452     62,815 85,243
Income from continuing operations before income taxes   5,856 193,163 (6,561) 66,615 10,087     263,304 83,227
Income tax expense   2,967 75,775 (2,796) 29,102 1,401     103,482 31,932
Income from continuing operations   2,889 117,388 (3,765) 37,513 8,686     159,822 51,295
(Loss)/income from discontinued operations, net of income taxes   0 59,789 6,026 (125,689) 33,391     (26,483) (91,519)
Net income/(loss)   2,889 177,177 2,261 (88,176) 42,077     133,339 (40,224)
Net (income)/loss attributable to the noncontrolling interest   249 (267) 21 27 53     (166) 555
Net income/(loss) attributable to The New York Times Company common stockholders   3,138 176,910 2,282 (88,149) 42,130     133,173 (39,669)
Income/(loss) from continuing operations   $ 3,138 $ 117,121 $ (3,744) $ 37,540 $ 8,739     $ 159,656 $ 51,850
Basic (in shares)   148,710 148,461 148,254 148,005 147,867     148,147 147,190
Diluted (in shares)   155,270 154,685 148,254 149,799 151,468     152,693 152,007
Income/(loss) from continuing operations   $ 0.02 $ 0.79 $ (0.02) $ 0.25 $ 0.06     $ 1.08 $ 0.35
(Loss)/income from discontinued operations, net of income taxes   $ 0.00 $ 0.40 $ 0.04 $ (0.85) $ 0.22     $ (0.18) $ (0.62)
Net income/(loss)   $ 0.02 $ 1.19 $ 0.02 $ (0.60) $ 0.28     $ 0.90 $ (0.27)
Income/(loss) from continuing operations   $ 0.02 $ 0.76 $ (0.02) $ 0.25 $ 0.06     $ 1.04 $ 0.34
(Loss)/income from discontinued operations, net of income taxes   $ 0.00 $ 0.38 $ 0.04 $ (0.84) $ 0.22     $ (0.17) $ (0.60)
Net income/(loss)–Diluted   $ 0.02 $ 1.14 $ 0.02 $ (0.59) $ 0.28     $ 0.87 $ (0.26)