Supplemental Stockholders' Equity Information

9 Months Ended

Sep. 28, 2014

Equity [Abstract]

Supplemental Stockholders' Equity Information

SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION

Stockholders’ equity is summarized as follows:

(In thousands)	Total New York Times Company Stockholders’ Equity			Noncontrolling Interest		Total Stockholders’ Equity
Balance as of December 29, 2013	$	842,910		$	3,624	$	846,534
Net (loss)/income	(1,568		)	41		(1,527		)
Other comprehensive income, net of tax	21,757			—		21,757
Effect of issuance of shares	(841		)	—		(841		)
Dividends declared	(18,179		)	—		(18,179		)
Stock-based compensation	7,163			—		7,163
Balance as of September 28, 2014	$	851,242		$	3,665	$	854,907

(In thousands)	Total New York Times Company Stockholders’ Equity			Noncontrolling Interest			Total Stockholders’ Equity
Balance as of December 30, 2012:	$	662,325		$	3,311		$	665,636
Net (loss)	(521		)	(304		)	(825		)
Other comprehensive income, net of tax	14,211			—			14,211
Effect of issuance of shares	5,767			—			5,767
Dividends declared	(5,985		)	—			(5,985		)
Stock-based compensation	7,277			—			7,277
Balance as of September 29, 2013	$	683,074		$	3,007		$	686,081

The following table summarizes the changes in accumulated other comprehensive loss by component as of September 28, 2014:

(In thousands)	Foreign Currency Translation Adjustments			Funded Status of Benefit Plans			Total Accumulated Other Comprehensive Loss
Balance as of December 29, 2013	$	12,674		$	(415,285	)	$	(402,611	)
Other comprehensive (loss)/income before reclassifications, before tax(1)	(7,163		)	—			(7,163		)
Amounts reclassified from accumulated other comprehensive loss, before tax	—			20,190			20,190
Effect of other postretirement benefit remeasurement	—			13,756			13,756
Pension settlement charge	—			9,525			9,525
Income tax (benefit)/expense	(2,694		)	17,245			14,551
Net current-period other comprehensive (loss)/income, net of tax	(4,469		)	26,226			21,757
Balance as of September 28, 2014	$	8,205		$	(389,059	)	$	(380,854	)

(1) All amounts are shown net of noncontrolling interest.

During the third quarter of 2014, the Company recorded an adjustment to other comprehensive income to reflect the reclassification for the pension settlement charge that was recorded in the second quarter of 2014.

The following table summarizes the reclassifications from accumulated other comprehensive loss for the periods ended September 28, 2014:

(In thousands)	For the Quarter Ended September 28, 2014			For the Nine Months Ended September 28, 2014
Detail about accumulated other comprehensive loss components	Amounts reclassified from accumulated other comprehensive loss						Affect line item in the statement where net income is presented
Funded status of benefit plans:
Amortization of prior service credit(1)	$	(2,286	)	$	(6,456	)	Selling, general & administrative costs
Amortization of actuarial loss(1)	8,882			26,646			Selling, general & administrative costs
Effect of other postretirement benefit remeasurement (2)	13,756			13,756
Pension settlement charge	9,525			9,525			Pension settlement charge
Total reclassification, before tax(3)	29,877			43,471
Income tax expense	9,410			14,551			Income tax (benefit)/expense
Total reclassification, net of tax	$	20,467		$	28,920

(1) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost for pension and other postretirement benefits. See Note 9 for additional information.

(2) See Note 9 for additional information on the effect of other postretirement benefit remeasurement.

(3) There were no reclassifications relating to noncontrolling interest for the three and nine months ended September 28, 2014.