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Shareholders' equity (Tables)

12 Months Ended

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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