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Supplemental Stockholders' Equity Information
 3 Months Ended
Mar. 26, 2017
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 25, 2016
 
$
847,815

 
$
(3,571
)
 
$
844,244

Net income/(loss)
 
13,181

 
(66
)
 
13,115

Other comprehensive income, net of tax
 
5,565

 
—

 
5,565

Effect of issuance of shares
 
(3,281
)
 
—

 
(3,281
)
Dividends declared
 
(6,495
)
 
—

 
(6,495
)
Stock-based compensation
 
3,815

 
—

 
3,815

Balance as of March 26, 2017
 
$
860,600

 
$
(3,637
)
 
$
856,963

(In thousands)
 
Total New York Times Company Stockholders’ Equity
 
Noncontrolling Interest
 
Total Stockholders’ Equity
Balance as of December 27, 2015
 
$
826,751

 
$
1,704

 
$
828,455

Net loss
 
(8,271
)
 
(5,315
)
 
(13,586
)
Other comprehensive income, net of tax
 
5,091

 
—

 
5,091

Effect of issuance of shares
 
(8,675
)
 
—

 
(8,675
)
Share repurchases
 
(15,056
)
 
—

 
(15,056
)
Dividends declared
 
(6,443
)
 
—

 
(6,443
)
Stock-based compensation
 
3,294

 
—

 
3,294

Balance as of March 27, 2016
 
$
796,691

 
$
(3,611
)
 
$
793,080


On January 14, 2015, the Board of Directors approved an authorization of $101.1 million to repurchase shares of the Company’s Class A Common Stock. As of March 26, 2017, the Company had repurchased 6,690,905 Class A shares under this authorization for a cost of $84.9 million (excluding commissions) and $16.2 million remained. Our Board of Directors has authorized us to purchase shares under this authorization from time to time, subject to market conditions and other factors. There is no expiration date with respect to this authorization.
The following table summarizes the changes in AOCI by component as of March 26, 2017:
(In thousands)
 
Foreign Currency Translation Adjustments
 
Funded Status of Benefit Plans
 
Total Accumulated Other Comprehensive Loss
Balance as of December 25, 2016
 
$
(1,822
)
 
$
(477,994
)
 
$
(479,816
)
Other comprehensive income before reclassifications, before tax(1)
 
2,175

 
—

 
2,175

Amounts reclassified from accumulated other comprehensive loss, before tax(1)
 
—

 
6,921

 
6,921

Income tax expense(1)
 
795

 
2,736

 
3,531

Net current-period other comprehensive income, net of tax
 
1,380

 
4,185

 
5,565

Balance as of March 26, 2017
 
$
(442
)
 
$
(473,809
)
 
$
(474,251
)

(1)
All amounts are shown net of noncontrolling interest.
The following table summarizes the reclassifications from AOCI for the first quarter of 2017:
(In thousands)
 
 
 
 
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)
 
$
(2,425
)
 
Selling, general & administrative costs
Amortization of actuarial loss(1)
 
9,346

 
Selling, general & administrative costs
Total reclassification, before tax(2)
 
6,921

 
 
Income tax expense
 
2,736

 
Income tax (benefit)/expense
Total reclassification, net of tax
 
$
4,185

 
 
(1)
These accumulated other comprehensive income components are included in the computation of net periodic benefit cost for pension and other retirement benefits. See Note 9 for additional information.
(2)
There were no reclassifications relating to noncontrolling interest for the quarter ended March 26, 2017.