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Facility consolidation and asset impairment charges | 12 Months Ended
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Dec. 29, 2013
Extraordinary and Unusual Items [Abstract] |
Facility consolidation and asset impairment charges | Facility consolidation and asset impairment charges For the years 2011-2013, the company recognized charges related to facility consolidation efforts. The company also recorded non-cash impairment charges to reduce the book value of goodwill, other intangible assets and long-lived assets. Impairment charges for certain minority-owned investments accounted for under the equity or cost methods were also recorded. In addition, the company recorded charges to write off certain publishing assets that were donated during 2013. A summary of these charges by year is presented below:
In thousands, except per share amounts
2013 | Pre-Tax Amount (a) | After-Tax Amount(a) | Per Share Amount(a)
Facility consolidation and asset impairment charges:
Goodwill: |  |  |
Publishing | $ | 8,430 |  | $ | 4,930 |  | $ | 0.02 |
Digital | 11,614 |  | 6,914 |  | 0.03 |
Total goodwill | 20,044 |  | 11,844 |  | 0.05 |
Other intangible assets - Publishing | 12,952 |  | 7,852 |  | 0.03 |
Property, plant and equipment - Publishing | 14,756 |  | 8,856 |  | 0.04 |
Other: |  |  |
Broadcasting | 1,033 |  | 533 |  | — |
Publishing | 9,454 |  | 5,754 |  | 0.02 |
Total other | 10,487 |  | 6,287 |  | 0.03 |
Total facility consolidation and asset impairment charges against operations | 58,240 |  | 34,840 |  | 0.15 |
Non-operating charges: |  |  |
Equity method investments | 731 |  | 431 |  | — |
Other - Publishing | 2,774 |  | 1,774 |  | 0.01 |
Total charges | $ | 61,745 |  | $ | 37,045 |  | $ | 0.16 |
(a) Total amounts may not sum due to rounding.
In thousands, except per share amounts
2012 | Pre-Tax Amount | After-Tax Amount | Per Share Amount(a)
Facility consolidation and asset impairment charges:
Goodwill - Digital | $ | 90,053 |  | $ | 86,553 |  | $ | 0.37 |
Property, plant and equipment - Publishing | 29,520 |  | 17,920 |  | 0.08 |
Other - Publishing | 2,556 |  | 1,656 |  | 0.01 |
Total facility consolidation and asset impairment charges against operations | 122,129 |  | 106,129 |  | 0.45 |
Non-operating charges: |  |  |
Equity method investments | 7,036 |  | 4,336 |  | 0.02 |
Total charges | $ | 129,165 |  | $ | 110,465 |  | $ | 0.47 |
(a) Total amounts may not sum due to rounding.
In thousands, except per share amounts
2011 | Pre-Tax Amount | After-Tax Amount | Per Share Amount
Facility consolidation and asset impairment charges:
Property, plant and equipment: |  |  |
Publishing | $ | 17,085 |  | $ | 10,282 |  | $ | 0.04 |
Total property, plant and equipment | 17,085 |  | 10,282 |  | 0.04 |
Other: |  |  |
Publishing | 10,158 |  | 7,261 |  | 0.03 |
Total other | 10,158 |  | 7,261 |  | 0.03 |
Total facility consolidation and asset impairment charges against operations | 27,243 |  | 17,543 |  | 0.07 |
Non-operating charges: |  |  |
Equity method investments | 15,739 |  | 9,539 |  | 0.04 |
Other investments | 14,529 |  | 8,729 |  | 0.04 |
Total charges | $ | 57,511 |  | $ | 35,811 |  | $ | 0.15 |
In connection with the required annual impairment test of goodwill and indefinite-lived intangibles, potential impairments were indicated in 2012 and 2013 for certain reporting units in the company’s Publishing and Digital Segments. The fair value of the reporting units was determined based on a multiple of earnings technique and/or a discounted cash flow technique. The company then undertook the next step in the impairment testing process by determining the fair value of assets and liabilities within these reporting units. The implied value was less than the carrying value and therefore the impairment charges were taken. The impairment charges in 2013 for other intangible assets, principally trade names and a masthead, were required because revenue results from the underlying business had softened from what was expected. Fair value was determined using a relief-from-royalty method. Carrying values were reduced to fair value for these assets. Facility consolidation plans led the company to recognize charges associated with revising the useful lives of certain assets over a shortened periods as well as shutdown costs. Charges were recognized in the years 2011-2013. Certain assets classified as held-for-sale in accordance with ASC Topic 360 resulted in charges being recognized in 2012 and 2013 as the carrying values were reduced to equal the fair value less cost to dispose. These fair values were based on estimates of prices for similar assets. During 2011-2013, carrying values of certain investments in which the company owns noncontrolling interests were written down to fair value because the businesses underlying the investments had experienced significant and sustained operating losses, leading the company to conclude that they were other than temporarily impaired. In addition, the company recorded non-operating charges to write off certain publishing assets that were donated during 2013.

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- Definition The entire disclosure for any additional information related to the determination or classification of material events or transactions (that would not reasonably be expected to recur in the foreseeable future) that possesses a high degree of abnormality and are incidentally related to, the ordinary and typical activities of the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6365513&loc=d3e15138-107781 + Details
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