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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Dec. 29, 2013
Revenues      
Circulation $ 845,504 $ 836,822 $ 824,277
Advertising 638,709 662,315 666,687
Other 95,002 89,391 86,266
Total revenues 1,579,215 1,588,528 1,577,230
Production costs:      
Raw materials 77,176 88,958 92,886
Wages and benefits 354,516 357,573 332,085
Other 186,120 197,464 201,942
Total production costs 617,812 643,995 626,913
Selling, general and administrative costs 713,837 761,055 706,354
Depreciation and amortization 61,597 79,455 78,477
Total operating costs 1,393,246 1,484,505 1,411,744
Early termination charge 0 2,550 0
Pension settlement charge 40,329 [1] 9,525 [2] 3,228
Multiemployer pension plan withdrawal expense 9,055 [3] 0 6,171 [3]
Operating profit 136,585 91,948 156,087
Loss from joint ventures (783) (8,368) (3,215)
Interest expense, net 39,050 53,730 58,073
Income from continuing operations before income taxes 96,752 29,850 94,799
Income tax expense/(benefit) 33,910 (3,541) 37,892
Income from continuing operations 62,842 33,391 56,907
Discontinued operations:      
Loss from discontinued operations, net of income taxes 0 0 (20,413)
(Loss)/gain on sale, net of income taxes 0 (1,086) 28,362
(Loss)/income from discontinued operations, net of income taxes 0 (1,086) 7,949
Net income 62,842 32,305 64,856
Net loss attributable to the noncontrolling interest 404 1,002 249
Net income attributable to The New York Times Company common stockholders 63,246 33,307 65,105
Amounts attributable to The New York Times Company common stockholders:      
Income from continuing operations 63,246 34,393 57,156
(Loss)/income from discontinued operations, net of income taxes $ 0 $ (1,086) $ 7,949
Average number of common shares outstanding:      
Basic (in shares) 164,390 150,673 149,755
Diluted (in shares) 166,423 161,323 157,774
Basic earnings per share attributable to The New York Times Company common stockholders:      
Income from continuing operations (USD per share) $ 0.38 $ 0.23 $ 0.38
(Loss)/income from discontinued operations, net of income taxes (USD per share) 0.00 (0.01) 0.05
Net income (USD per share) 0.38 0.22 0.43
Diluted earnings per share attributable to The New York Times Company common stockholders:      
Income from continuing operations (USD per share) 0.38 0.21 0.36
(Loss)/income from discontinued operations, net of income taxes 0.00 (0.01) 0.05
Net income (USD per share) 0.38 0.20 0.41
Dividends declared per share (USD per share) $ 0.16 $ 0.16 $ 0.08
[1] We recorded a settlement charge related to a lump-sum payment offer to certain former employees who participated in a non-qualified pension plan.
[2] We recorded a settlement charge related to a lump-sum payment offer to certain former employees who participated in a non-qualified pension plan.
[3] We recorded an estimated charge related to partial withdrawal obligations under multiemployer pension plans.