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Supplemental Equity Information | 9 Months Ended
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Sep. 30, 2018
Equity [Abstract] |
Supplemental equity information | Supplemental equity information The following table summarizes equity account activity for the nine months ended September 30, 2018 and 2017 (in thousands):
| TEGNA Inc. Shareholders’ Equity |  | Noncontrolling Interests |  | Total Equity
Balance at Dec. 31, 2017 | $ | 995,041 |  |  | $ | — |  |  | $ | 995,041 |
Comprehensive income: |  |  |  |  |
Net income | 244,850 |  |  | — |  |  | 244,850 |
Other comprehensive income | 8,855 |  |  | — |  |  | 8,855 |
Total comprehensive income | 253,705 |  |  | — |  |  | 253,705 |
Dividends declared | (45,193 | ) |  | — |  |  | (45,193 | )
Stock-based compensation | 12,292 |  |  | — |  |  | 12,292 |
Treasury shares acquired | (5,831 | ) |  | — |  |  | (5,831 | )
Impact from adoption of new revenue standard | (3,724 | ) |  | — |  |  | (3,724 | )
Other activity, including shares withheld for employee taxes | (707 | ) |  | — |  |  | (707 | )
Balance at Sept. 30, 2018 | $ | 1,205,583 |  |  | $ | — |  |  | $ | 1,205,583 |
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 |
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 |  | Other |  | Total
Quarters Ended: |  |  |  |  |  |  |
Balance at June 30, 2018 | $ | (125,288 | ) |  | $ | 547 |  |  | $ | — |  |  | $ | (124,741 | )
Other comprehensive income before reclassifications | — |  |  | (23 | ) |  | — |  |  | (23 | )
Amounts reclassified from AOCL | 1,851 |  |  | — |  |  | — |  |  | 1,851 |
Total other comprehensive income | 1,851 |  |  | (23 | ) |  | — |  |  | 1,828 |
Balance at Sept. 30, 2018 | $ | (123,437 | ) |  | $ | 524 |  |  | $ | — |  |  | $ | (122,913 | )
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 | )
| Retirement Plans |  | Foreign Currency Translation |  | Other |  | Total
Nine Months Ended: |  |  |  |  |  |  |
Balance at Dec. 31, 2017 | $ | (107,037 | ) |  | $ | 114 |  |  | $ | — |  |  | $ | (106,923 | )
Other comprehensive income before reclassifications | — |  |  | 410 |  |  | — |  |  | 410 |
Amounts reclassified from AOCL | 8,445 |  |  | — |  |  | — |  |  | 8,445 |
Total other comprehensive income | 8,445 |  |  | 410 |  |  | — |  |  | 8,855 |
Reclassification of stranded tax effects to retained earnings | (24,845 | ) |  | — |  |  | — |  |  | (24,845 | )
Balance at Sept. 30, 2018 | $ | (123,437 | ) |  | $ | 524 |  |  | $ | — |  |  | $ | (122,913 | )
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 | )
Reclassifications from AOCL to the Statement of Income are comprised of pension and other post-retirement components. Pension and other post retirement reclassifications are related to the amortization of prior service costs, amortization of actuarial losses, and pension payment timing related charges related to our SERP plan. Amounts reclassified out of AOCL are summarized below (in thousands):
| Quarter ended Sept. 30, |  | Nine months ended Sept. 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Amortization of prior service (credit) cost | $ | (101 | ) |  | $ | 16 |  |  | $ | (302 | ) |  | $ | 48 |
Amortization of actuarial loss | 1,376 |  |  | 2,185 |  |  | 4,129 |  |  | 6,555 |
Reclassification of CareerBuilder foreign currency translation | — |  |  | 22,024 |  |  | — |  |  | 22,024 |
Reclassification of available for sale investment | — |  |  | — |  |  | — |  |  | 9,743 |
Pension payment timing related charges | 1,198 |  |  | — |  |  | 7,498 |  |  | — |
Total reclassifications, before tax | 2,473 |  |  | 24,225 |  |  | 11,325 |  |  | 38,370 |
Income tax effect | (622 | ) |  | (850 | ) |  | (2,880 | ) |  | (2,543 | )
Total reclassifications, net of tax | $ | 1,851 |  |  | $ | 23,375 |  |  | $ | 8,445 |  |  | $ | 35,827 |
Performance Share Award Program During the first quarter of 2018, the Leadership Development and Compensation Committee (LDCC) of the Board of Directors established new performance metrics for long-term incentive awards for our executives under the Company’s 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010), as amended, designed to better reflect TEGNA as a pure-play broadcaster. On March 1, 2018, we granted certain employees performance share awards (PSAs) reflecting these new metrics with aggregate target awards of approximately 0.6 million shares of our common stock. The number of shares earned under the March 1 PSAs will be determined based on the achievement of certain financial performance criteria (adjusted EBITDA and free cash flow as defined by the PSA) over a two-year cumulative financial performance period. If the financial performance criteria are met and certified by the LDCC, the shares earned under the PSA will be subject to an additional one year service period before the common stock is released to the employees. The PSAs do not pay dividends or allow voting rights during the performance period. Therefore, the fair value of the PSA is the quoted market value of our stock on the grant date less the present value of the expected dividends not received during the relevant performance period. The PSA provides the LDCC with limited discretion to make adjustments to the financial targets to ensure consistent year-to-year comparison for the performance criteria. For expense recognition, in the period it becomes probable that the minimum performance criteria specified in the PSA will be achieved, we will recognize expense for the proportionate share of the total fair value of the shares subject to the PSA related to the vesting period that has already lapsed. Each reporting period we will adjust the fair value of the PSAs to the quoted market value of our stock price. In the event we determine it is no longer probable that we will achieve the minimum performance criteria specified in the PSA, we will reverse all of the previously recognized compensation expense in the period such a determination is made.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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