XML 46 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of allowance for doubtful accounts
A rollforward of the allowance for doubtful accounts is as follows:
(in thousands)
 
 
 
 
 
January 1, 2016
 
$
1,517

Charged to costs and expenses
 
1,601

Amounts charged off, net
 
(1,628
)
Balance as of December 31, 2016
 
1,490

Charged to costs and expenses
 
1,407

Amounts charged off, net
 
(948
)
Balance as of December 31, 2017
 
1,949

Charged to costs and expenses
 
3,767

Amounts charged off, net
 
(1,345
)
Balance as of December 31, 2018
 
$
4,371

Estimated useful lives of property and equipment
We compute depreciation using the straight-line method over estimated useful lives as follows:
Buildings and improvements
15 to 45 years
Leasehold improvements
Shorter of term of lease or useful life
Broadcast transmission towers and related equipment
15 to 35 years
Other broadcast and program production equipment
3 to 15 years
Computer hardware
3 to 5 years
Office and other equipment
3 to 10 years
Property and equipment consisted of the following:
 
 
As of December 31,
(in thousands)
 
2018
 
2017
 
 
 
 
 
Land and improvements
 
$
47,054

 
$
47,405

Buildings and improvements
 
149,159

 
139,685

Equipment
 
346,850

 
308,873

Computer software
 
17,492

 
14,658

Total
 
560,555

 
510,621

Accumulated depreciation
 
322,628

 
300,626

Net property and equipment
 
$
237,927

 
$
209,995

Components of basic and diluted weighted-average shares
The following table presents information about basic and diluted weighted-average shares outstanding:
 
 
For the years ended December 31,
(in thousands)
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
Numerator (for basic and diluted earnings per share)
 
 
 
 
 
 
Income (loss) from continuing operations, net of tax
 
$
56,077

 
$
(12,022
)
 
$
59,922

Loss attributable to noncontrolling interest
 
632

 
1,511

 

Less income allocated to RSUs
 
(908
)


 
(817
)
Numerator for basic and diluted earnings per share from continuing operations attributable to the shareholders of The E.W. Scripps Company
 
$
55,801

 
$
(10,511
)
 
$
59,105

Denominator
 
 
 
 
 
 
Basic weighted-average shares outstanding
 
81,369


82,052

 
83,339

Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock units
 
558



 
300

Diluted weighted-average shares outstanding
 
81,927

 
82,052

 
83,639

Anti-dilutive securities(1)
 

 
1,220

 

(1) 
Amount outstanding at balance sheet date, before application of the treasury stock method and not weighted for period outstanding.