XML 84 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 428,501 $ 417,346 $ 1,303,821 $ 1,245,854
Production costs:        
Other production costs 53,868 47,521 149,102 138,454
Total production costs 178,776 163,434 519,873 473,632
Selling, general and administrative costs 207,226 202,473 638,820 614,464
Depreciation and amortization 15,450 14,847 45,548 43,969
Total operating costs 401,452 380,754 1,204,241 1,132,065
Headquarters redesign and consolidation 0 0 0 3,140
Restructuring charge 4,008 0 4,008 0
Gain from pension liability adjustment (2,045) (4,851) (2,045) (4,851)
Operating profit 25,086 41,443 97,617 115,500
Other components of net periodic benefit costs 1,834 2,335 5,502 6,226
Loss from joint ventures 0 (16) 0 (9)
Interest expense and other, net 755 4,026 3,572 13,439
Income from continuing operations before income taxes 22,497 35,066 88,543 95,826
Income tax expense 6,070 10,092 16,789 25,342
Net income 16,427 24,974 71,754 70,484
Net loss attributable to the noncontrolling interest 0 2 0 1
Net income attributable to The New York Times Company common stockholders $ 16,427 $ 24,976 $ 71,754 $ 70,485
Average number of common shares outstanding:        
Basic (in shares) 166,148 165,064 165,976 164,742
Diluted (in shares) 167,555 166,966 167,384 166,671
Basic earnings per share attributable to The New York Times Company common stockholders        
Basic earnings (in usd per share) $ 0.10 $ 0.15 $ 0.43 $ 0.43
Diluted earnings per share attributable to The New York Times Company common stockholders        
Diluted earnings per share attributable to The New York Times Company common stockholders (in usd per share) 0.10 0.15 0.43 0.42
Dividends declared per share (in usd per share) $ 0.05 $ 0.04 $ 0.15 $ 0.12
Subscription        
Revenues        
Total revenues $ 267,302 $ 257,796 $ 808,568 $ 779,018
Advertising        
Revenues        
Total revenues 113,531 121,677 359,380 366,525
Other        
Revenues        
Total revenues 47,668 37,873 135,873 100,311
Product        
Production costs:        
Wages and benefits 106,377 95,941 313,244 280,688
Raw materials $ 18,531 $ 19,972 $ 57,527 $ 54,490