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Income taxes (Tables) | 12 Months Ended
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Dec. 29, 2013
Income Tax Disclosure [Abstract] |
Provision (Benefit) for Income Taxes on Income from Continuing Operations | The provision (benefit) for income taxes consists of the following:
In thousands of dollars
2013 | Current | Deferred | Total
Federal | $ | 95,000 |  | $ | 39,400 |  | $ | 134,400 |
State and other | (36,700 | ) | 8,000 |  | (28,700 | )
Foreign | 1,000 |  | 6,500 |  | 7,500 |
Total | $ | 59,300 |  | $ | 53,900 |  | $ | 113,200 |
In thousands of dollars
2012 | Current | Deferred | Total
Federal | $ | 82,200 |  | $ | 106,000 |  | $ | 188,200 |
State and other | (2,600 | ) | 17,100 |  | 14,500 |
Foreign | (6,900 | ) | (400 | ) | (7,300 | )
Total | $ | 72,700 |  | $ | 122,700 |  | $ | 195,400 |
In thousands of dollars
2011 | Current | Deferred | Total
Federal | $ | 81,500 |  | $ | 74,600 |  | $ | 156,100 |
State and other | (800 | ) | 30,100 |  | 29,300 |
Foreign | (25,400 | ) | (7,200 | ) | (32,600 | )
Total | $ | 55,300 |  | $ | 97,500 |  | $ | 152,800 |
Components of Income (Loss) from Continuing Operations Attributable to Gannett Co., Inc. Before Income Taxes | The components of net income attributable to Gannett Co., Inc. before income taxes consist of the following:
In thousands of dollars
| 2013 | 2012 | 2011
Domestic | $ | 426,162 |  | $ | 538,988 |  | $ | 530,660 |
Foreign | 75,718 |  | 80,692 |  | 80,888 |
Total | $ | 501,880 |  | $ | 619,680 |  | $ | 611,548 |
Reconciliation of Effective Tax Rate | The provision for income taxes on varies from the U.S. federal statutory tax rate as a result of the following differences:
| 2013 | 2012 | 2011
U.S. statutory tax rate | 35.0 | % | 35.0 | % | 35.0 | %
Increase (decrease) in taxes resulting from: |  |  |
Non-deductible goodwill impairment | — |  | 5.2 |  | — |
State/other income taxes net of federal income tax | 2.7 |  | 2.2 |  | 3.0 |
Statutory rate differential and permanent differences in earnings in foreign jurisdictions | (5.7 | ) | (5.6 | ) | (5.4 | )
Audit resolutions | (7.9 | ) | (4.6 | ) | (4.2 | )
Permanent stock basis deductions | — |  | — |  | (1.8 | )
Lapse of statutes of limitations net of federal income tax | (2.6 | ) | (1.8 | ) | (1.6 | )
Other, net | 1.1 |  | 1.1 |  | — |
Effective tax rate | 22.6 | % | 31.5 | % | 25.0 | %
Deferred Tax Liabilities and Assets | Deferred tax liabilities and assets were composed of the following at the end of 2013 and 2012:
In thousands of dollars
| Dec. 29, 2013 | Dec. 30, 2012
Liabilities |  |
Accelerated depreciation | $ | 302,650 |  | $ | 255,612 |
Accelerated amortization of deductible intangibles | 678,744 |  | 174,229 |
Other | 24,882 |  | 26,989 |
Total deferred tax liabilities | 1,006,276 |  | 456,830 |
Assets |  |
Accrued compensation costs | 75,492 |  | 77,684 |
Pension | 219,413 |  | 368,803 |
Postretirement medical and life | 55,921 |  | 65,573 |
Federal tax benefits of uncertain state tax positions | 12,474 |  | 31,002 |
Partnership investments including impairments | 1,140 |  | 39,542 |
Loss carryforwards | 74,018 |  | 58,596 |
Other | 84,738 |  | 66,164 |
Total deferred tax assets | 523,196 |  | 707,364 |
Valuation allowance | 83,579 |  | 76,419 |
Total net deferred tax assets (liabilities) | $ | (566,659 | ) | $ | 174,115 |
Amounts recognized in Consolidated Balance Sheets
Net current deferred tax assets | $ | 21,245 |  | $ | 15,840 |
Net noncurrent deferred tax assets (liabilities) | $ | (587,904 | ) | $ | 158,275 |
Summary of Activity Related to Unrecognized Tax Benefits, Excluding Federal Tax Benefit of State Tax Deductions | The following table summarizes the activity related to unrecognized tax benefits, excluding the federal tax benefit of state tax deductions:
In thousands of dollars
| Dec. 29, 2013 | Dec. 30, 2012
Change in unrecognized tax benefits |  |
Balance at beginning of year | $ | 86,180 |  | $ | 110,282 |
Additions based on tax positions related to the current year | 29,470 |  | 9,093 |
Additions for tax positions of prior years | 4,710 |  | 11,929 |
Reductions for tax positions of prior years | (33,109 | ) | (30,110 | )
Settlements | (1,246 | ) | (7,857 | )
Reductions due to lapse of statutes of limitations | (28,681 | ) | (7,157 | )
Balance at end of year | $ | 57,324 |  | $ | 86,180 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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