Quarterly financial information for each quarter in the years ended December 31, 2017 and December 25, 2016 is included in the following tables. See Note 13 of the Notes to the Consolidated Financial Statements for additional information regarding discontinued operations.



	2017 Quarters
(In thousands, except per share data)	March 26, 2017		June 25, 2017			September 24, 2017			December 31, 2017			Full Year
	(13 weeks)		(13 weeks)			(13 weeks)			(14 weeks)			(53 weeks)
Revenues	$	398,804	$	407,074		$	385,635		$	484,126		$	1,675,639
Operating costs	367,393		377,420			350,080			393,238			1,488,131
Headquarters redesign and consolidation⁽¹⁾	2,402		1,985			2,542			3,161			10,090
Postretirement benefit plan settlement gain⁽²⁾	—		—			—			(37,057		)	(37,057		)
Pension settlement expense⁽³⁾	—		—			—			102,109			102,109
Operating profit	29,009		27,669			33,013			22,675			112,366
Gain/(loss) from joint ventures	173		(266		)	31,557			(12,823		)	18,641
Interest expense and other, net	5,325		5,133			4,660			4,665			19,783
Income from continuing operations before income taxes	23,857		22,270			59,910			5,187			111,224
Income tax expense⁽⁴⁾	10,742		6,711			23,420			63,083			103,956
Income/(loss) from continuing operations	13,115		15,559			36,490			(57,896		)	7,268
(Loss)/income from discontinued operations, net of income taxes	—		—			(488		)	57			(431		)
Net income/(loss)	13,115		15,559			36,002			(57,839		)	6,837
Net (income)/loss attributable to the noncontrolling interest	66		40			(3,673		)	1,026			(2,541		)
Net income/(loss) attributable to The New York Times Company common stockholders	$	13,181	$	15,599		$	32,329		$	(56,813	)	$	4,296
Amounts attributable to The New York Times Company common stockholders:
Income/(loss) from continuing operations	$	13,181	$	15,599		$	32,817		$	(56,870	)	$	4,727
(Loss)/income from discontinued operations, net of income taxes	$	—	$	—		$	(488	)	$	57		$	(431	)
Net income/(loss)	$	13,181	$	15,599		$	32,329		$	(56,813	)	$	4,296
Average number of common shares outstanding:
Basic	161,402		161,787			162,173			162,311			161,926
Diluted	162,592		163,808			164,405			162,311			164,263
Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income/(loss) from continuing operations	$	0.08	$	0.10		$	0.20		$	(0.35	)	$	0.03
(Loss) from discontinued operations, net of income taxes	$	—	$	—		$	—		$	—		$	—
Net income/(loss)	$	0.08	$	0.10		$	0.20		$	(0.35	)	$	0.03
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income/(loss) from continuing operations	$	0.08	$	0.09		$	0.20		$	(0.35	)	$	0.03
(Loss) from discontinued operations, net of income taxes	$	—	$	—		$	—		$	—		$	—
Net income/(loss)	$	0.08	$	0.09		$	0.20		$	(0.35	)	$	0.03
Dividends declared per share	$	0.04	$	—		$	0.08		$	0.04		$	0.16


⁽¹⁾	We recognized expenses related to the ongoing redesign and consolidation of space in our headquarters building.


⁽²⁾	We recorded a gain in the fourth quarter primarily in connection with the settlement of contractual funding obligations from a postretirement plan.


⁽³⁾	We recorded a pension settlement charge in the fourth quarter in connection with the purchase of group annuity contracts.


⁽⁴⁾	We recorded a $68.7 million charge in the fourth quarter primarily attributable to the remeasurement of our net deferred tax assets required as a result of recent tax legislation.



	2016 Quarters
(In thousands, except per share data)	March 26, 2016			June 26, 2016			September 25, 2016			December 25, 2016			Full Year
	(13 weeks)			(13 weeks)			(13 weeks)			(13 weeks)			(52 weeks)
Revenues	$	379,515		$	372,630		$	363,547		$	439,650		$	1,555,342
Operating costs	351,580			339,933			356,596			362,801			1,410,910
Restructuring charge⁽¹⁾	—			11,855			2,949			—			14,804
Multiemployer pension plan withdrawal expense⁽²⁾	—			11,701			(4,971		)	—			6,730
Pension settlement expense⁽³⁾	—			—			—			21,294			21,294
Operating (loss)/profit	27,935			9,141			8,973			55,555			101,604
(Loss)/income from joint ventures	(41,896		)	(412		)	463			5,572			(36,273		)
Interest expense and other, net	8,826			9,097			9,032			7,850			34,805
(Loss)/income from continuing operations before income taxes	(22,787		)	(368		)	404			53,277			30,526
Income tax (benefit)/expense	(9,201		)	124			121			13,377			4,421
Income/(loss) from continuing operations	(13,586		)	(492		)	283			39,900			26,105
(Loss) from discontinued operations, net of income taxes	—			—			—			(2,273		)	(2,273		)
Net (loss)/income	(13,586		)	(492		)	283			37,627			23,832
Net income attributable to the noncontrolling interest	5,315			281			123			(483		)	5,236
Net (loss)/income attributable to The New York Times Company common stockholders	$	(8,271	)	$	(211	)	$	406		$	37,144		$	29,068
Amounts attributable to The New York Times Company common stockholders:
(Loss)/income from continuing operations	$	(8,271	)	$	(211	)	$	406		$	39,417		$	31,341
(Loss) from discontinued operations, net of income taxes	—			—			—			(2,273		)	(2,273		)
Net (loss)/income	$	(8,271	)	$	(211	)	$	406		$	37,144		$	29,068
Average number of common shares outstanding:
Basic	161,003			161,128			161,185			161,235			161,128
Diluted	161,003			161,128			162,945			162,862			162,817
Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
(Loss)/income from continuing operations	$	(0.05	)	$	—		$	—		$	0.24		$	0.19
(Loss) from discontinued operations, net of income taxes	—			—			—			(0.01		)	(0.01		)
Net (loss)/income	$	(0.05	)	$	—		$	—		$	0.23		$	0.18
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income/(loss) from continuing operations	$	(0.05	)	$	—		$	—		$	0.24		$	0.19
(Loss) from discontinued operations, net of income taxes	—			—			—			(0.01		)	(0.01		)
Net (loss)/income	$	(0.05	)	$	—		$	—		$	0.23		$	0.18
Dividends declared per share	$	0.04		$	—		$	0.08		$	0.04		$	0.16


⁽¹⁾	We recorded restructuring charges in the second and third quarters associated with the streamlining of the Company’s international print operations.


⁽²⁾	We recorded a charge in the second quarter related to a partial withdrawal obligation under a multiemployer pension plan following an unfavorable arbitration decision, of which $5 million was reimbursed to the Company in the third quarter.


⁽³⁾	We recorded a pension settlement charge in the fourth quarter related to a lump-sum payment offer to certain former employees who participated in a qualified pension plan.