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Summarized Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Financial Information (Unaudited)
Summarized Quarterly Financial Information (Unaudited)
Summarized quarterly financial information is as follows:
2018
 
1st
 
2nd
 
3rd
 
4th
 
 
(in thousands, except per share data)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Total
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
254,191

 
$
283,395

 
$
302,726

 
$
368,113

 
$
1,208,425

Costs and expenses
 
(238,682
)
 
(245,610
)
 
(247,304
)
 
(281,628
)
 
(1,013,224
)
Depreciation and amortization of intangible assets
 
(15,420
)
 
(15,382
)
 
(15,598
)
 
(17,587
)
 
(63,987
)
Gains (losses), net on disposal of property and equipment
 
(717
)
 
66

 
501

 
(1,105
)
 
(1,255
)
Interest expense
 
(8,759
)
 
(9,279
)
 
(9,003
)
 
(9,143
)
 
(36,184
)
Defined benefit pension plan expense
 
(1,388
)
 
(1,389
)
 
(3,529
)
 
(13,446
)
 
(19,752
)
Miscellaneous, net
 
167

 
(156
)
 
(546
)
 
687

 
152

Income (loss) from continuing operations before income taxes
 
(10,608
)
 
11,645

 
27,247

 
45,891

 
74,175

Provision (benefit) for income taxes
 
(2,031
)
 
2,983

 
7,208

 
9,938

 
18,098

Income (loss) from continuing operations, net of tax
 
(8,577
)
 
8,662

 
20,039

 
35,953

 
56,077

Income (loss) from discontinued operations, net of tax
 
(18,504
)
 
(2,942
)
 
(908
)
 
(13,974
)
 
(36,328
)
Net income (loss)
 
(27,081
)
 
5,720

 
19,131

 
21,979

 
19,749

Loss attributable to noncontrolling interest
 
(632
)
 
—

 
—

 
—

 
(632
)
Net income (loss) attributable to the shareholders of The E.W. Scripps Company
 
$
(26,449
)
 
$
5,720

 
$
19,131

 
$
21,979

 
$
20,381

Net income (loss) from continuing operations per basic share of common stock
 
$
(0.10
)
 
$
0.10

 
$
0.24

 
$
0.44

 
$
0.69

Net income (loss) from discontinued operations per basic share of common stock
 
$
(0.23
)
 
$
(0.04
)
 
$
(0.01
)
 
$
(0.17
)
 
$
(0.44
)
Net income (loss) from continuing operations per diluted share of common stock
 
$
(0.10
)
 
$
0.10

 
$
0.24

 
$
0.44

 
$
0.68

Net income (loss) from discontinued operations per diluted share of common stock
 
$
(0.23
)
 
$
(0.04
)
 
$
(0.01
)
 
$
(0.17
)
 
$
(0.44
)
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
81,554

 
81,824

 
81,452

 
80,669

 
81,369

Diluted
 
81,554

 
81,852

 
82,084

 
81,348

 
81,927

Cash dividends per share of common stock
 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.20

The sum of the quarterly net income (loss) per share amounts may not equal the reported annual amount because each amount is computed independently based upon the weighted-average number of shares outstanding for the period.

2017
 
1st
 
2nd
 
3rd
 
4th
 
 
(in thousands, except per share data)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Total
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
198,475

 
$
216,242

 
$
200,509

 
$
261,746

 
$
876,972

Costs and expenses
 
(184,414
)
 
(184,095
)
 
(189,184
)
 
(228,938
)
 
(786,631
)
Depreciation and amortization of intangible assets
 
(13,861
)
 
(13,781
)
 
(13,775
)
 
(14,926
)
 
(56,343
)
Impairment of goodwill and intangible assets
 
—

 
—

 
(35,732
)
 
—

 
(35,732
)
Gains (losses), net on disposal of property and equipment
 
(47
)
 
(15
)
 
(114
)
 
7

 
(169
)
Interest expense
 
(4,195
)
 
(8,248
)
 
(5,720
)
 
(8,534
)
 
(26,697
)
Defined benefit pension plan expense
 
(3,467
)
 
(3,467
)
 
(3,551
)
 
(3,627
)
 
(14,112
)
Miscellaneous, net
 
(879
)
 
5,103

 
1,187

 
5,225

 
10,636

Income (loss) from continuing operations before income taxes
 
(8,388
)
 
11,739

 
(46,380
)
 
10,953

 
(32,076
)
Provision (benefit) for income taxes
 
(5,655
)
 
4,884

 
(18,776
)
 
(507
)
 
(20,054
)
Income (loss) from continuing operations, net of tax
 
(2,733
)
 
6,855

 
(27,604
)
 
11,460

 
(12,022
)
Income (loss) from discontinued operations, net of tax
 
794

 
1,690

 
920

 
(5,999
)
 
(2,595
)
Net income (loss)
 
$
(1,939
)
 
$
8,545

 
$
(26,684
)
 
$
5,461

 
$
(14,617
)
Loss attributable to noncontrolling interest
 
—

 
—

 
—

 
(1,511
)
 
(1,511
)
Net income (loss) attributable to the shareholders of The E.W. Scripps Company
 
$
(1,939
)
 
$
8,545

 
$
(26,684
)
 
$
6,972

 
$
(13,106
)
Net income (loss) from continuing operations per basic share of common stock
 
$
(0.03
)
 
$
0.08

 
$
(0.34
)

$
0.16

 
$
(0.13
)
Net income (loss) from discontinued operations per basic share of common stock
 
$
0.01

 
$
0.02

 
$
0.01


$
(0.07
)
 
$
(0.03
)
Net income (loss) from continuing operations per diluted share of common stock
 
$
(0.03
)
 
$
0.08

 
$
(0.34
)

$
0.16

 
$
(0.13
)
Net income (loss) from discontinued operations per diluted share of common stock
 
$
0.01

 
$
0.02

 
$
0.01


$
(0.07
)
 
$
(0.03
)
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
 
Basic
 
82,079

 
82,302

 
82,039

 
81,792

 
82,052

Diluted
 
82,079

 
82,465

 
82,039

 
81,792

 
82,052

Cash dividends per share of common stock
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—



In the third quarter of 2017, we recorded a $29.4 million non-cash impairment charge to reduce the carrying value of goodwill and $6.3 million to reduce the value of intangible assets related to Cracked. For more information around the impairment of goodwill and intangible assets, see Note 9.
The sum of the quarterly net income (loss) per share amounts may not equal the reported annual amount because each amount is computed independently based upon the weighted-average number of shares outstanding for the period.