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Supplemental Equity Information | 6 Months Ended
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Jun. 30, 2017
Equity [Abstract] |
Supplemental equity information | Supplemental equity information The following table summarizes equity account activity for the six months ended June 30, 2017 and 2016 (in thousands):
| TEGNA Inc. Shareholders’ Equity |  | Noncontrolling Interests |  | Total Equity
Balance at Dec. 31, 2016 | $ | 2,271,418 |  |  | $ | 281,587 |  |  | $ | 2,553,005 |
Comprehensive income: |  |  |  |  |
Net loss | (72,638 | ) |  | (55,892 | ) |  | (128,530 | )
Redeemable noncontrolling interests (income not available to shareholders) | — |  |  | (2,832 | ) |  | (2,832 | )
Other comprehensive income | 9,438 |  |  | 4,409 |  |  | 13,847 |
Total comprehensive loss | (63,200 | ) |  | (54,315 | ) |  | (117,515 | )
Dividends declared | (45,055 | ) |  | — |  |  | (45,055 | )
Stock-based compensation | 10,160 |  |  | — |  |  | 10,160 |
Treasury shares acquired | (8,453 | ) |  | — |  |  | (8,453 | )
Spin-off of businesses | (1,510,342 | ) |  | — |  |  | (1,510,342 | )
Other activity, including shares withheld for employee taxes | (5,443 | ) |  | (2,179 | ) |  | (7,622 | )
Balance at June 30, 2017 | $ | 649,085 |  |  | $ | 225,093 |  |  | $ | 874,178 |
Balance at Dec. 31, 2015 | $ | 2,191,971 |  |  | $ | 264,773 |  |  | $ | 2,456,744 |
Comprehensive income: |  |  |  |  |
Net income | 184,895 |  |  | 25,426 |  |  | 210,321 |
Redeemable noncontrolling interests (income not available to shareholders) | — |  |  | (2,275 | ) |  | (2,275 | )
Other comprehensive income (loss) | (4,786 | ) |  | (2,808 | ) |  | (7,594 | )
Total comprehensive income | 180,109 |  |  | 20,343 |  |  | 200,452 |
Dividends declared | (60,747 | ) |  | — |  |  | (60,747 | )
Stock-based compensation | 9,055 |  |  | — |  |  | 9,055 |
Treasury shares acquired | (150,917 | ) |  | — |  |  | (150,917 | )
Other activity, including shares withheld for employee taxes and tax windfall benefits | (18,479 | ) |  | (1,922 | ) |  | (20,401 | )
Balance at June 30, 2016 | $ | 2,150,992 |  |  | $ | 283,194 |  |  | $ | 2,434,186 |
CareerBuilder owns majority interests in Textkernel, a software company that provides semantic recruitment technology; Economic Modeling Specialists Intl., a software firm that specializes in employment data and labor market analytics; and Workterra, a cloud-based Human Capital Management platform. The minority shareholders of these acquired businesses hold put rights that permit them to put their equity interests to CareerBuilder. Since redemption of the noncontrolling interests is outside of our control, the minority shareholders’ equity interest are presented on the Condensed Consolidated Balance Sheets in the caption “Redeemable noncontrolling interests related to discontinued operations.” The following table summarizes the components of, and the changes in, Accumulated Other Comprehensive Loss (AOCL), net of tax and noncontrolling interests (in thousands):
| Retirement Plans |  | Foreign Currency Translation (1) |  | Other |  | Total
Quarters Ended: |  |  |  |  |  |  |
Balance at Mar. 31, 2017 | $ | (126,063 | ) |  | $ | (27,363 | ) |  | $ | (7,965 | ) |  | $ | (161,391 | )
Other comprehensive loss before reclassifications | — |  |  | 3,755 |  |  | 586 |  |  | 4,341 |
Amounts reclassified from AOCL | 1,431 |  |  | — |  |  | 9,743 |  |  | 11,174 |
Other comprehensive income | 1,431 |  |  | 3,755 |  |  | 10,329 |  |  | 15,515 |
Balance at June 30, 2017 | $ | (124,632 | ) |  | $ | (23,608 | ) |  | $ | 2,364 |  |  | $ | (145,876 | )
Balance at Mar. 31, 2016 | $ | (115,334 | ) |  | $ | (19,494 | ) |  | $ | 3,691 |  |  | $ | (131,137 | )
Other comprehensive income (loss) before reclassifications | — |  |  | (3,788 | ) |  | (2,292 | ) |  | (6,080 | )
Amounts reclassified from AOCL | 1,480 |  |  | — |  |  | — |  |  | 1,480 |
Other comprehensive income (loss) | 1,480 |  |  | (3,788 | ) |  | (2,292 | ) |  | (4,600 | )
Balance at June 30, 2016 | $ | (113,854 | ) |  | $ | (23,282 | ) |  | $ | 1,399 |  |  | $ | (135,737 | )
| Retirement Plans |  | Foreign Currency Translation (1) |  | Other |  | Total
Six Months Ended: |  |  |  |  |  |  |
Balance at Dec. 31, 2016 | $ | (127,341 | ) |  | $ | (28,560 | ) |  | $ | (5,672 | ) |  | $ | (161,573 | )
Other comprehensive loss before reclassifications | — |  |  | 4,952 |  |  | (1,707 | ) |  | 3,245 |
Amounts reclassified from AOCL | 2,709 |  |  | — |  |  | 9,743 |  |  | 12,452 |
Other comprehensive income (loss) | 2,709 |  |  | 4,952 |  |  | 8,036 |  |  | 15,697 |
Balance at June 30, 2017 | $ | (124,632 | ) |  | $ | (23,608 | ) |  | $ | 2,364 |  |  | $ | (145,876 | )
Balance at Dec. 31, 2015 | $ | (116,496 | ) |  | $ | (20,129 | ) |  | $ | 5,674 |  |  | $ | (130,951 | )
Other comprehensive income (loss) before reclassifications | — |  |  | (3,153 | ) |  | (4,275 | ) |  | (7,428 | )
Amounts reclassified from AOCL | 2,642 |  |  | — |  |  | — |  |  | 2,642 |
Other comprehensive income (loss) | 2,642 |  |  | (3,153 | ) |  | (4,275 | ) |  | (4,786 | )
Balance at June 30, 2016 | $ | (113,854 | ) |  | $ | (23,282 | ) |  | $ | 1,399 |  |  | $ | (135,737 | )
(1) Our entire foreign currency translation adjustment is related to our CareerBuilder business which is held for sale as of June 30, 2017 (see Note 12).
Reclassifications from AOCL to the Statement of Income are comprised of pension and other post-retirement components and a loss on our available for sale investment. Pension and other post retirement reclassifications are related to the amortization of prior service costs and amortization of actuarial losses. The loss on our available for sale investments represents an other than temporary impairment (OTTI) recognized on our investment in shares of common stock of Gannett Co., Inc. The OTTI loss represents the amount of loss previously recorded to AOCL which is now being recognized as a non-operating expense on the Consolidated Statement of Income due to the fact that we expect to sell our investment by the end of 2017 and we do not expect the investment to fully recover the losses we have incurred. Amounts reclassified out of AOCL are summarized below (in thousands):
| Quarter ended June 30, |  | Six months ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Amortization of prior service cost | $ | 32 |  |  | $ | 80 |  |  | $ | 32 |  |  | $ | 130 |
Amortization of actuarial loss | 2,295 |  |  | 2,342 |  |  | 4,370 |  |  | 4,192 |
Reclassification of available for sale investment | 9,743 |  |  | — |  |  | 9,743 |  |  | — |
Total reclassifications, before tax | 12,070 |  |  | 2,422 |  |  | 14,145 |  |  | 4,322 |
Income tax effect | (896 | ) |  | (942 | ) |  | (1,693 | ) |  | (1,680 | )
Total reclassifications, net of tax | $ | 11,174 |  |  | $ | 1,480 |  |  | $ | 12,452 |  |  | $ | 2,642 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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