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Supplemental Stockholders' Equity Information (Tables)
 3 Months Ended
Apr. 01, 2018
Equity [Abstract]  
Schedule of Changes in Stockholders' Equity
Stockholders’ equity is summarized as follows:
(In thousands)
 
Total New York Times Company Stockholders’ Equity
 
Noncontrolling Interest
 
Total Stockholders’ Equity
Balance as of December 31, 2017
 
$
897,279

 
$
84

 
$
897,363

Adjustments to retained earnings(1)
 
96,707


—


96,707

AOCI reclassification to retained earnings(2)
 
(94,135
)
 
—

 
(94,135
)
Net income
 
21,912

 
2

 
21,914

Other comprehensive income, net of tax
 
7,842

 
—

 
7,842

Effect of issuance of shares(3)
 
31,692

 
—

 
31,692

Dividends declared
 
(6,632
)
 
—

 
(6,632
)
Stock-based compensation
 
3,326

 
—

 
3,326

Balance as of April 1, 2018
 
$
957,991

 
$
86

 
$
958,077

(1) As a result of adopting ASU 2018-02 and Topic 606 in the first quarter of 2018, “Retained earnings” increased by $94.1 million and $2.6 million, respectively. See Note 2 for more information.
(2) As a result of adopting ASU 2018-02 in the first quarter of 2018, stranded tax effects of $94.1 million were reclassified from AOCI to “Retained earnings”. See Note 2 for more information.
(3) The Company issued 2,177,326, 271,841, and 191,817 of Class A shares in connection with stock option exercises, vesting of performance-based awards, and vesting of restricted stock units in the first quarter of 2018, respectively.
(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
Schedule of Changes in Accumulated Other Comprehensive Loss
The following table summarizes the changes in AOCI by component as of April 1, 2018:
(In thousands)
 
Foreign Currency Translation Adjustments
 
Funded Status of Benefit Plans
 
Net unrealized Loss on available-for-sale Securities
 
Total Accumulated Other Comprehensive Loss
Balance as of December 31, 2017
 
$
6,328

 
$
(427,819
)
 
$
(1,538
)
 
$
(423,029
)
Other comprehensive income/(loss) before reclassifications, before tax(1)(2)
 
2,273

 
2,597

 
(1,371
)
 
3,499

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

 
7,163

 
—

 
7,163

Income tax expense/(benefit) (1)
 
602

 
2,580

 
(362
)
 
2,820

Net current-period other comprehensive income/(loss), net of tax
 
1,671

 
7,180

 
(1,009
)
 
7,842

AOCI reclassification to retained earnings (3)
 
1,576

 
(95,378
)
 
(333
)
 
(94,135
)
Balance as of April 1, 2018
 
$
9,575

 
$
(516,017
)
 
$
(2,880
)
 
$
(509,322
)

(1) All amounts are shown net of noncontrolling interest.
(2) The Company recorded a curtailment of $2.6 million in AOCI in connection with freezing of benefits for the RAP in the first quarter of 2018. This transaction does not have any impact to net income for the first quarter of 2018. See Note 10 for more information.
(3) As a result of adopting ASU 2018-02 in the first quarter of 2018, stranded tax effects of $94.1 million were reclassified from AOCI to “Retained earnings”. See Note 2 for more information.
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the reclassifications from AOCI for the first quarter of 2018:
(In thousands)
 
 
 
 
Detail about accumulated other comprehensive loss components
 
 Amounts reclassified from accumulated other comprehensive loss
 
Affects line item in the statement where net income is presented
Funded status of benefit plans:
 
 
 
 
Amortization of prior service credit(1)
 
$
(2,077
)
 
Other components of net periodic benefit costs/(income)
Amortization of actuarial loss(1)
 
9,240

 
Other components of net periodic benefit costs/(income)
Total reclassification, before tax(2)
 
7,163

 
 
Income tax expense
 
1,893

 
Income tax expense
Total reclassification, net of tax
 
$
5,270

 
 
(1) These AOCI components are included in the computation of net periodic benefit cost for pension and other retirement benefits. See Note 10 for more information.
(2) There were no reclassifications relating to noncontrolling interest for the quarter ended April 1, 2018.