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Shareholders' equity (Tables) | 12 Months Ended
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Dec. 29, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Earnings (Loss) Per Share (Basic and Diluted) | The company’s earnings per share (basic and diluted) for 2013, 2012 and 2011 are presented below:
In thousands, except per share amounts
| 2013 | 2012 | 2011
Net income attributable to Gannett Co., Inc. | $ | 388,680 |  | $ | 424,280 |  | $ | 458,748 |
Weighted average number of common shares outstanding (basic) | 228,541 |  | 232,327 |  | 239,228 |
Effect of dilutive securities |  |  |
Stock options | 1,160 |  | 867 |  | 1,189 |
Restricted stock | 2,839 |  | 2,552 |  | 2,147 |
Performance shares | 1,649 |  | 944 |  | — |
401(k) employer match | — |  | — |  | 204 |
Weighted average number of common shares outstanding (diluted) | 234,189 |  | 236,690 |  | 242,768 |
Earnings per share (basic) | $ | 1.70 |  | $ | 1.83 |  | $ | 1.92 |
Earnings per share (diluted) | $ | 1.66 |  | $ | 1.79 |  | $ | 1.89 |
Assumptions Used to Estimate Fair Value of Option Awards | The following assumptions were used to estimate the fair value of stock option and performance share awards:
Stock Options Granted During | 2013 | 2012 | 2011
Average expected term | 4.5 yrs. | 4.5 yrs. | 4.5 yrs.
Expected volatility | 61.94% | 65.74 - 66.95% | 62.46 - 64.39%
Weighted average volatility | 61.94% | 66.56% | 62.54%
Risk-free interest rates | 0.75% | 0.84% | 0.87 - 2.21%
Expected dividend yield | 3.00% | 5.00% | 1.00 - 2.00%
Weighted average expected dividend | 3.00% | 5.00% | 1.06%
Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income (Loss) for Equity Awards | The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards:
In thousands, except per share amounts
| 2013 | 2012 | 2011
Restricted stock and RSUs | $ | 18,105 |  | $ | 14,362 |  | $ | 12,868 |
Performance shares | 12,331 |  | 7,991 |  | — |
Stock options and other | 3,001 |  | 4,255 |  | 15,135 |
Total stock-based compensation | 33,437 |  | 26,608 |  | 28,003 |
Income tax benefit | 12,706 |  | 10,111 |  | 10,641 |
Stock-based compensation, net of tax | $ | 20,731 |  | $ | 16,497 |  | $ | 17,362 |
Per diluted share impact | $ | 0.09 |  | $ | 0.07 |  | $ | 0.07 |
Summary of Stock Option Awards | A summary of the company’s stock-option awards is presented below:
2013 Stock Option Activity | Shares | Weighted average exercise price | Weighted average remaining contractual term (in years) | Aggregate intrinsic value
Outstanding at beginning of year | 11,344,018 |  | $ | 43.50 |  | 3.2 | $ | 16,902,892 |
Granted | 22,558 |  | $ | 20.48 |  |  |
Exercised | (1,598,902 | ) | $ | 13.44 |  |  |
Canceled/expired | (4,192,273 | ) | $ | 73.11 |  |  |
Outstanding at end of year | 5,575,401 |  | $ | 29.76 |  | 3.2 | $ | 46,988,804 |
Options exercisable at year end | 4,574,619 |  | $ | 32.85 |  | 2.8 | $ | 33,348,296 |
Weighted average grant date fair value of options granted during the year | $ | 8.20 |  |  |  |
2012 Stock Option Activity | Shares | Weighted average exercise price | Weighted average remaining contractual term (in years) | Aggregate intrinsic value
Outstanding at beginning of year | 20,340,291 |  | $ | 47.66 |  | 3.5 | $ | 17,184,761 |
Granted | 109,699 |  | $ | 14.33 |  |  |
Exercised | (2,716,637 | ) | $ | 9.38 |  |  |
Canceled/expired | (6,389,335 | ) | $ | 70.76 |  |  |
Outstanding at end of year | 11,344,018 |  | $ | 43.50 |  | 3.2 | $ | 16,902,892 |
Options exercisable at year end | 8,942,897 |  | $ | 51.35 |  | 2.6 | $ | 8,845,944 |
Weighted average grant date fair value of options granted during the year | $ | 5.43 |  |  |  |
2011 Stock Option Activity | Shares | Weighted average exercise price | Weighted average remaining contractual term (in years) | Aggregate intrinsic value
Outstanding at beginning of year | 23,649,290 |  | $ | 52.08 |  | 3.9 | $ | 28,819,223 |
Granted | 1,333,597 |  | $ | 15.79 |  |  |
Exercised | (496,749 | ) | $ | 5.71 |  |  |
Canceled/expired | (4,145,847 | ) | $ | 67.61 |  |  |
Outstanding at end of year | 20,340,291 |  | $ | 47.66 |  | 3.5 | $ | 17,184,761 |
Options exercisable at year end | 15,857,692 |  | $ | 57.26 |  | 2.7 | $ | 10,644,474 |
Weighted average grant date fair value of options granted during the year | $ | 7.63 |  |  |  |
Summary of Restricted Stock and RSU Awards | A summary of restricted stock and RSU awards is presented below:
2013 Restricted Stock and RSU Activity | Shares | Weighted average fair value
Outstanding and unvested at beginning of year | 4,069,509 |  | $ | 12.98 |
Granted | 1,588,628 |  | $ | 15.80 |
Settled | (1,035,256 | ) | $ | 13.95 |
Canceled | (428,896 | ) | $ | 13.40 |
Outstanding and unvested at end of year | 4,193,985 |  | $ | 13.92 |
2012 Restricted Stock and RSU Activity | Shares | Weighted average fair value
Outstanding and unvested at beginning of year | 3,731,033 |  | $ | 10.73 |
Granted | 1,937,512 |  | $ | 12.33 |
Settled | (997,584 | ) | $ | 3.29 |
Canceled | (601,452 | ) | $ | 11.95 |
Outstanding and unvested at end of year | 4,069,509 |  | $ | 12.98 |
2011 Restricted Stock and RSU Activity | Shares | Weighted average fair value
Outstanding and unvested at beginning of year | 4,421,437 |  | $ | 12.19 |
Granted | 175,023 |  | $ | 13.21 |
Settled | (469,634 | ) | $ | 33.51 |
Canceled | (395,793 | ) | $ | 11.94 |
Outstanding and unvested at end of year | 3,731,033 |  | $ | 10.73 |
Schedule of Nonvested Performance-based Units Activity | The following tables summarize the activity for non-vested performance share units during the years ended Dec. 29, 2013 and Dec. 30, 2012:
2013 Performance Shares Activity | Target number of shares | Weighted average fair value
Outstanding and unvested at beginning of year | 982,452 |  | $ | 14.23 |
Granted | 813,783 |  | $ | 20.12 |
Canceled | (35,747 | ) | $ | 15.86 |
Outstanding and unvested at end of year | 1,760,488 |  | $ | 16.92 |
2012 Performance Shares Activity | Target number of shares | Weighted average fair value
Outstanding and unvested at beginning of year | — |  | $ | — |
Granted | 1,109,873 |  | $ | 14.21 |
Canceled | (127,421 | ) | $ | 14.12 |
Outstanding and unvested at end of year | 982,452 |  | $ | 14.23 |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Accumulated other comprehensive income (loss) The elements of the company’s Accumulated Other Comprehensive Loss consisted of pension, retiree medical and life insurance liabilities and foreign currency translation gains. The following tables summarize the components of, and changes in, Accumulated Other Comprehensive Loss (net of tax and noncontrolling interests):
In thousands of dollars
2013 | Retirement Plans | Foreign Currency Translation | Total
Balance at beginning of year | $ | (1,119,263 | ) | $ | 418,122 |  | $ | (701,141 | )
Other comprehensive income before reclassifications | 156,974 |  | 9,055 |  | 166,029 |
Amounts reclassified from accumulated other comprehensive income | 41,057 |  | — |  | 41,057 |
Balance at end of year | $ | (921,232 | ) | $ | 427,177 |  | $ | (494,055 | )
In thousands of dollars
2012 | Retirement Plans | Foreign Currency Translation | Total
Balance at beginning of year | $ | (995,854 | ) | $ | 400,015 |  | $ | (595,839 | )
Other comprehensive income (loss) | (123,409 | ) | 18,107 |  | (105,302 | )
Balance at end of year | $ | (1,119,263 | ) | $ | 418,122 |  | $ | (701,141 | )
In thousands of dollars
2011 | Retirement Plans | Foreign Currency Translation | All Other | Total
Balance at beginning of year | $ | (762,380 | ) | $ | 394,673 |  | $ | 2,373 |  | $ | (365,334 | )
Other comprehensive income (loss) | (233,474 | ) | 5,342 |  | (2,373 | ) | (230,505 | )
Balance at end of year | $ | (995,854 | ) | $ | 400,015 |  | $ | — |  | $ | (595,839 | )
Performance Shares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Assumptions Used to Estimate Fair Value of Option Awards |
Performance Shares Granted During | 2013 | 2012 | 2011
Expected term | 3 yrs. | 3 yrs. | —
Expected volatility | 40.80% | 69.47% | —
Risk-free interest rate | 0.36% | 0.41% | —
Expected dividend yield | 4.44% | 2.39% | —

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