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Quarterly Information (Unaudited) (Tables)
 12 Months Ended
Dec. 29, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
 
2013 Quarters
 
(In thousands, except per share data)
March 31,
2013

June 30,
2013

September 29,
2013

December 29,
2013

Full Year

 
(13 weeks)

(13 weeks)

(13 weeks)

(13 weeks)

(52 weeks)

Revenues
$
380,675

$
390,957

$
361,738

$
443,860

$
1,577,230

Operating costs
352,544

344,733

342,712

371,755

1,411,744

Pension settlement expense(1)
 
 
 
3,228

3,228

Multiemployer pension plan withdrawal expense(2)
—

—

6,171

—

6,171

Operating profit
28,131

46,224

12,855

68,877

156,087

(Loss)/income from joint ventures
(2,870
)
(405
)
(123
)
183

(3,215
)
Interest expense, net
14,071

14,644

15,454

13,904

58,073

Income/(loss) from continuing operations before income taxes
11,190

31,175

(2,722
)
55,156

94,799

Income tax expense/(benefit)
5,082

13,813

2,578

16,419

37,892

Income/(loss) from continuing operations
6,108

17,362

(5,300
)
38,737

56,907

Income/(loss) from discontinued operations, net of income taxes
(2,785
)
2,776

(18,987
)
26,944

7,949

Net income/(loss)
3,323

20,138

(24,287
)
65,681

64,856

Net loss/(income) attributable to the noncontrolling interest
249

(6
)
61

(55
)
249

Net income/(loss) attributable to The New York Times Company common stockholders
$
3,572

$
20,132

$
(24,226
)
$
65,626

$
65,105

Amounts attributable to The New York Times Company common stockholders:
 
 
 
 
 
Income/(loss) from continuing operations
$
6,357

$
17,356

$
(5,239
)
$
38,682

$
57,156

Income/(loss) from discontinued operations, net of income taxes
(2,785
)
2,776

(18,987
)
26,944

7,949

Net income/(loss)
$
3,572

$
20,132

$
(24,226
)
$
65,626

$
65,105

Average number of common shares outstanding:
 
 
 
 
 
Basic
148,710

148,797

150,033

150,162

149,755

Diluted
155,270

156,511

150,033

160,013

157,774

Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
Income/(loss) from continuing operations
$
0.04

$
0.12

$
(0.03
)
$
0.26

$
0.38

Income/(loss) from discontinued operations, net of income taxes
(0.02
)
0.02

(0.13
)
0.18

0.05

Net income/(loss)
$
0.02

$
0.14

$
(0.16
)
$
0.44

$
0.43

Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
Income/(loss) from continuing operations
$
0.04

$
0.11

$
(0.03
)
$
0.24

$
0.36

Income/(loss) from discontinued operations, net of income taxes
(0.02
)
0.02

(0.13
)
0.17

0.05

Net income/(loss)
$
0.02

$
0.13

$
(0.16
)
$
0.41

$
0.41


(1)
We recorded a non-cash settlement charge related to a one-time lump sum payment offer to certain former employees who participated in a non-qualified pension plan.
(2)
We recorded an estimated charge related to a partial withdrawal obligation under a multiemployer pension plan.

 
 
2012 Quarters
 
(In thousands, except per share data)
March 25, 2012

June 24,
2012

September 23, 2012

December 30, 2012

Full Year

 
(13 weeks)

(13 weeks)

(13 weeks)

(14 weeks)

(53 weeks)

Revenues
$
384,049

$
387,841

$
355,337

$
468,114

$
1,595,341

Operating costs
361,348

351,206

346,423

382,433

1,441,410

Pension settlement expense(1)
—

—

—

47,657

47,657

Other expense(2)
—

—

—

2,620

2,620

Operating profit
22,701

36,635

8,914

35,404

103,654

Gain on sale of investment(3)
17,848

37,797

—

164,630

220,275

Impairment of investments(4)
4,900

—

600

—

5,500

(Loss)/income from joint ventures
15

1,064

1,010

847

2,936

Interest expense, net
15,452

15,464

15,490

16,402

62,808

(Loss)/income from continuing operations before income taxes
20,212

60,032

(6,166
)
184,479

258,557

Income tax (benefit)/expense
5,852

25,781

(3,187
)
66,171

94,617

(Loss)/income from continuing operations
14,360

34,251

(2,979
)
118,308

163,940

Income/(loss) from discontinued operations, net of income taxes
28,190

(121,900
)
5,703

60,080

(27,927
)
Net income/(loss)
42,550

(87,649
)
2,724

178,388

136,013

Net loss attributable to the noncontrolling interest
53

27

21

(267
)
(166
)
Net income/(loss) attributable to The New York Times Company common stockholders
$
42,603

$
(87,622
)
$
2,745

$
178,121

$
135,847

Amounts attributable to The New York Times Company common stockholders:
 
 
 
 
 
(Loss)/income from continuing operations
$
14,413

$
34,278

$
(2,958
)
$
118,041

$
163,774

Income/(loss) from discontinued operations, net of income taxes
28,190

(121,900
)
5,703

60,080

(27,927
)
Net income/(loss)
$
42,603

$
(87,622
)
$
2,745

$
178,121

$
135,847

Average number of common shares outstanding:
 
 
 
 
 
Basic
147,867

148,005

148,254

148,461

148,147

Diluted
151,468

149,799

148,254

154,685

152,693

Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
(Loss)/income from continuing operations
$
0.10

$
0.23

$
(0.02
)
$
0.80

$
1.11

Income/(loss) from discontinued operations, net of income taxes
0.19

(0.82
)
0.04

0.40

(0.19
)
Net income/(loss)
$
0.29

$
(0.59
)
$
0.02

$
1.20

$
0.92

Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
(Loss)/income from continuing operations
$
0.10

$
0.23

$
(0.02
)
$
0.76

$
1.07

Income/(loss) from discontinued operations, net of income taxes
0.18

(0.81
)
0.04

0.39

(0.18
)
Net income/(loss)
$
0.28

$
(0.58
)
$
0.02

$
1.15

$
0.89


(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.