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v3.19.3.a.u2

Debt - Additional Information (Details) - USD ($) |  | 12 Months Ended |
--- | --- | --- | ---
May 31, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Oct. 31, 2019
Line Of Credit Facility [Line Items] |  |  |  |  |
Borrowings | $ 675,000,000 | $ 648,125,000 |  |  |
Cash payment to TEGNA | $ 650,000,000 | 0 | $ 0 | $ 650,000,000 |
Debt issuance costs |  | $ 5,500,000 | 4,100,000 |  |
New York Fed Bank Rate |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Basis spread on variable rate | 0.50% |  |  |  |
Minimum | LIBOR |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Basis spread on variable rate | 1.25% |  |  |  |
Minimum | ABR |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Basis spread on variable rate | 0.25% |  |  |  |
Maximum | LIBOR |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Basis spread on variable rate | 2.00% |  |  |  |
Maximum | ABR |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Basis spread on variable rate | 1.00% |  |  |  |
Term Loan And Revolving Credit Facility |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Credit agreement maturity date | May 31, 2022 |  |  |  |
Line of credit facility description |  | the Credit Agreement is payable based on either (i) the London Interbank Offered Rate (“LIBOR”) or (ii) the Alternate Base Rate (“ABR”), as defined in the Credit Agreement, in either case plus an applicable margin |  |  |
Net leverage ratio |  |  |  |  | 4.50%
Revolving Credit Facility |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Aggregate principal amount | $ 450,000,000 |  |  |  |
Net leverage ratio |  | 3.80% |  |  |
Outstanding borrowings |  | $ 260,000,000.0 |  |  |
Effective interest rate |  | 3.70% |  |  |
Repayment of loan |  | $ 30,000,000.0 |  |  |
Borrowings to fund DI acquisition |  |  | 165,000,000.0 |  |
Share repurchases funding through borrowings |  |  | $ 30,000,000.0 |  |
Additional amount permitted to borrow |  | $ 190,000,000.0 |  |  |
Letter Of Credit |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Aggregate principal amount | 25,000,000 |  |  |  |
Term Loan |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Aggregate principal amount | $ 450,000,000 |  |  |  |
Mode of payment |  | quarterly |  |  |
Outstanding borrowings |  | $ 388,100,000 |  |  |
Effective interest rate |  | 4.50% |  |  |
Repayment of loan |  | $ 28,100,000 |  |  |

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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
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