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Spin-Off of Scripps Networks Interactive, Inc
12 Months Ended
Dec. 31, 2014
Spin Off of Company [Abstract]  
Spin-off of Scripps Networks Interactive, Inc.
Spin-off of Scripps Networks Interactive, Inc.

On July 1, 2008, we distributed all of the shares of Scripps Networks Interactive, Inc. (“SNI”) to shareholders of record as of the close of business on June 16, 2008. SNI owned and operated our national lifestyle cable television networks and interactive media businesses.

In connection with the separation, we entered into several agreements, including a Tax Allocation Agreement. This agreement sets forth the allocations between us and SNI with regards to liabilities for federal, state and local taxes for periods prior to the separation. Pursuant to this agreement, we paid SNI $0.4 million 2012 for its share of the tax refund claims we received from the tax authorities.

In addition, under the terms of the Tax Allocation Agreement, we receive any tax deductions for share-based compensation awards held by our employees in SNI. In 2014, 2013 and 2012, we took deductions upon the exercise of those awards that totaled approximately $8.1 million, $14.3 million and $17.8 million, respectively. These benefits are recorded as additional paid-in-capital at the time they are realized. At December 31, 2014, our employees held approximately 0.2 million SNI options which expire through 2017.