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Supplemental Equity Information
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Supplemental equity information
Supplemental equity information
The following table summarizes equity account activity for the nine months ended September 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
(29,881
)
 
(58,698
)
 
(88,579
)
Redeemable noncontrolling interests (income not available to shareholders)

 
(2,797
)
 
(2,797
)
Other comprehensive income
34,241

 
5,819

 
40,060

Total comprehensive income (loss)
4,360

 
(55,676
)
 
(51,316
)
Dividends declared
(60,121
)
 

 
(60,121
)
Stock-based compensation
14,189

 

 
14,189

Treasury shares acquired
(8,453
)
 

 
(8,453
)
Spin-off of Cars.com
(1,510,851
)
 

 
(1,510,851
)
Deconsolidation of CareerBuilder

 
(225,911
)
 
(225,911
)
Other activity, including shares withheld for employee taxes
(4,667
)
 

 
(4,667
)
Balance at Sept. 30, 2017
$
705,875

 
$

 
$
705,875

 
 
 
 
 
 
Balance at Dec. 31, 2015
$
2,191,971

 
$
264,773

 
$
2,456,744

Comprehensive income:
 
 
 
 
 
Net income
303,578

 
40,178

 
343,756

Redeemable noncontrolling interests (income not available to shareholders)

 
(3,628
)
 
(3,628
)
Other comprehensive (loss)
(8,497
)
 
(3,737
)
 
(12,234
)
Total comprehensive income
295,081

 
32,813

 
327,894

Dividends declared
(90,755
)
 

 
(90,755
)
Stock-based compensation
13,216

 

 
13,216

Treasury shares acquired
(150,917
)
 

 
(150,917
)
Spin-off of Publishing businesses
(39,456
)
 

 
(39,456
)
Other activity, including shares withheld for employee taxes
(17,645
)
 
(2,923
)
 
(20,568
)
Balance at Sept. 30, 2016
$
2,201,495

 
$
294,663

 
$
2,496,158




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 June 30, 2017
$
(124,632
)
 
$
(23,608
)
 
$
2,364

 
$
(145,876
)
Other comprehensive income before reclassifications

 
1,428

 

 
1,428

Amounts reclassified from AOCL
1,351

 
22,024

 

 
23,375

Other comprehensive income
1,351

 
23,452

 

 
24,803

Balance at Sept. 30, 2017
$
(123,281
)
 
$
(156
)
 
$
2,364

 
$
(121,073
)
 
 
 
 
 
 
 
 
Balance at June 30, 2016
$
(113,854
)
 
$
(23,282
)
 
$
1,400

 
$
(135,736
)
Other comprehensive loss before reclassifications

 
(1,043
)
 
(3,743
)
 
(4,786
)
Amounts reclassified from AOCL
1,075

 

 

 
1,075

Other comprehensive income (loss)
1,075

 
(1,043
)
 
(3,743
)
 
(3,711
)
Balance at Sept. 30, 2016
$
(112,779
)
 
$
(24,325
)
 
$
(2,343
)
 
$
(139,447
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retirement Plans
 
Foreign Currency Translation (1)
 
Other
 
Total
 
 
 
 
 
 
 
 
Nine Months Ended:
 
 
 
 
 
 
 
Balance at Dec. 31, 2016
$
(127,341
)
 
$
(28,560
)
 
$
(5,672
)
 
$
(161,573
)
Other comprehensive income (loss) before reclassifications

 
6,380

 
(1,707
)
 
4,673

Amounts reclassified from AOCL
4,060

 
22,024

 
9,743

 
35,827

Other comprehensive income
4,060

 
28,404

 
8,036

 
40,500

Balance at Sept. 30, 2017
$
(123,281
)
 
$
(156
)
 
$
2,364

 
$
(121,073
)
 
 
 
 
 
 
 
 
Balance at Dec. 31, 2015
$
(116,496
)
 
$
(20,129
)
 
$
5,674

 
$
(130,951
)
Other comprehensive loss before reclassifications

 
(4,196
)
 
(8,017
)
 
(12,213
)
Amounts reclassified from AOCL
3,717

 

 

 
3,717

Other comprehensive income (loss)
3,717

 
(4,196
)
 
(8,017
)
 
(8,496
)
Balance at Sept. 30, 2016
$
(112,779
)
 
$
(24,325
)
 
$
(2,343
)
 
$
(139,447
)
 
 
 
 
 
 
 
 
(1) Our entire foreign currency translation adjustment is related to our CareerBuilder investment. As a result of deconsolidating the investment due to the sale of our majority ownership, we reclassified the translation adjustment from AOCL to the Consolidated Statement of Income as of the date of sale, July 31, 2017. Due to the noncontrolling stake that we retained in CareerBuilder, we will continue to record our ownership share of foreign currently translation adjustments through our equity method investment.










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. in the second quarter of 2017. The OTTI loss represents the amount of loss previously recorded to AOCL which was recognized as a non-operating expense on the Consolidated Statement of Income due to the fact that we did not expect the investment to fully recover the losses prior to our sale of it. We sold the entirety of our investment in Gannett Co., Inc. common stock in the third quarter of 2017. Amounts reclassified out of AOCL are summarized below (in thousands):
 
Quarter ended
Sept. 30,
 
Nine months ended
Sept. 30,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Amortization of prior service (credit) cost
$
16

 
$
(22
)
 
$
48

 
$
108

Amortization of actuarial loss
2,185

 
1,785

 
6,555

 
5,977

Reclassification of CareerBuilder foreign currency translation
22,024

 

 
22,024

 

Reclassification of available for sale investment

 

 
9,743

 

Total reclassifications, before tax
24,225

 
1,763

 
38,370

 
6,085

Income tax effect
(850
)
 
(688
)
 
(2,543
)
 
(2,368
)
Total reclassifications, net of tax
$
23,375

 
$
1,075

 
$
35,827

 
$
3,717