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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 29, 2013
Dec. 30, 2012
Dec. 25, 2011
Revenues      
Circulation $ 824,277 $ 795,037 $ 705,163
Advertising 666,687 711,829 756,148
Other 86,266 88,475 93,263
Total revenues 1,577,230 1,595,341 1,554,574
Production costs:      
Raw materials 92,886 106,381 108,267
Wages and benefits 332,085 331,321 315,900
Other 201,942 213,616 216,094
Total production costs 626,913 651,318 640,261
Selling, general and administrative costs 706,354 711,112 687,558
Depreciation and amortization 78,477 78,980 83,833
Total operating costs 1,411,744 1,441,410 1,411,652
Pension settlement expense 3,228 47,657 [1] 0
Multiemployer pension plan withdrawal expense 6,171 0 4,228
Other expense 0 2,620 [2] 4,500
Impairment of assets 0 0 7,458
Operating profit 156,087 103,654 126,736
Gain on sale of investments 0 220,275 [3] 71,171
Impairment of investments 0 5,500 [4] 0
(Loss)/income from joint ventures (3,215) 2,936 (270)
Premium on debt redemption 0 0 46,381
Interest expense, net 58,073 62,808 85,243
Income from continuing operations before income taxes 94,799 258,557 66,013
Income tax expense 37,892 94,617 21,417
Income from continuing operations 56,907 163,940 44,596
Discontinued operations:      
(Loss) from discontinued operations, net of income taxes (20,413) (113,447) (82,799)
Gain on sale, net of income taxes 28,362 85,520 0
Income/(loss) from discontinued operations, net of income taxes 7,949 (27,927) (82,799)
Net income/(loss) 64,856 136,013 (38,203)
Net loss/(income) attributable to the noncontrolling interest 249 (166) 555
Net income/(loss) attributable to The New York Times Company common stockholders 65,105 135,847 (37,648)
Amounts attributable to The New York Times Company common stockholders:      
Income from continuing operations 57,156 163,774 45,151
Income/(loss) from discontinued operations, net of income taxes $ 7,949 $ (27,927) $ (82,799)
Average number of common shares outstanding:      
Basic (in shares) 149,755 148,147 147,190
Diluted (in shares) 157,774 152,693 152,007
Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:      
Income from continuing operations (USD per share) $ 0.38 $ 1.11 $ 0.31
Income/(loss) from discontinued operations, net of income taxes (USD per share) $ 0.05 $ (0.19) $ (0.57)
Net income/(loss) (USD per share) $ 0.43 $ 0.92 $ (0.26)
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:      
Income from continuing operations (USD per share) $ 0.36 $ 1.07 $ 0.30
Income/(loss) from discontinued operations, net of income taxes (USD per share) $ 0.05 $ (0.18) $ (0.55)
Net income/(loss) (USD per share) $ 0.41 $ 0.89 $ (0.25)
Dividends declared per share $ 0.08 $ 0 $ 0
[1] In the fourth quarter of 2012, we recorded a $47.7 million non-cash pension settlement charge in connection with the immediate pension benefit offer to certain former employees who participate in The New York Times Companies Pension Plan.
[2] In the fourth quarter of 2012, we recorded a $2.6 million charge in connection with a legal settlement.
[3] In the first quarter of 2012, we recorded a $17.8 million gain on the sale of 100 of our units in Fenway Sports Group. In the second quarter of 2012, we recorded a $37.8 million gain on the sale of our remaining 210 units in Fenway Sports Group. In the fourth quarter of 2012, we recorded a $164.6 million gain on the sale of our ownership interest in Indeed.com.
[4] In the first and third quarters of 2012, we recorded a $4.9 million and $0.6 million non-cash charge, respectively, for the impairment of certain investments.