Other (Tables)

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Schedule of Interest Income and Other, Net

Interest income and other, net, as shown in the accompanying Consolidated Statements of Operations, was as follows:

(In thousands)	December 31, 2023		December 31, 2022		December 26, 2021
Interest income and other expense, net (1)	$	22,116	$	7,264	$	6,569
Gain on the sale of land (1)	—		34,227		—
Gain on non-marketable equity investment (2)	—		—		27,156
Interest expense	(1,014)		(800)		(780)
Total interest income and other, net	$	21,102	$	40,691	$	32,945

(1) On December 9, 2020, we entered into an agreement to lease and subsequently sell approximately four acres of land at our printing and distribution facility in College Point, N.Y., subject to certain conditions. The lease commenced on April 11, 2022. At the time of the lease expiration in February 2025, we will sell the parcel to the lessee for approximately $36 million. The transaction is accounted for as a sales-type lease and, as a result, we recognized a gain of approximately $34 million (net of commissions) at the time of lease commencement. In 2023, we recorded $1.8 million in interest income related to this lease.

(2) Represents gains related to a non-marketable equity investment transaction.

Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash

A reconciliation of cash, cash equivalents and restricted cash as of December 31, 2023, and December 31, 2022, from the Consolidated Balance Sheets to the Consolidated Statements of Cash Flows is as follows:

(In thousands)	December 31, 2023		December 31, 2022
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	289,472	$	221,385
Restricted cash included within miscellaneous assets	13,700		13,788
Total cash, cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows	$	303,172	$	235,173

Schedule of Restrictions on Cash and Cash Equivalents

A reconciliation of cash, cash equivalents and restricted cash as of December 31, 2023, and December 31, 2022, from the Consolidated Balance Sheets to the Consolidated Statements of Cash Flows is as follows:

(In thousands)	December 31, 2023		December 31, 2022
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	289,472	$	221,385
Restricted cash included within miscellaneous assets	13,700		13,788
Total cash, cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows	$	303,172	$	235,173