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Supplemental equity and other information (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of Basic and Diluted Income (Loss) per Share) | The following table sets forth the information to compute basic and diluted income (loss) per share:
| Three months ended June 30, |  | Six months ended June 30,
In thousands, except per share data | 2024 |  | 2023 |  | 2024 |  | 2023
Net income (loss) attributable to Gannett | $ | 13,748 |  |  | $ | (12,677) |  |  | $ | (71,020) |  |  | $ | (2,333) |
Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the 2027 Notes, net of taxes | 8,266 |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Gannett for diluted earnings per share | $ | 22,014 |  |  | $ | (12,677) |  |  | $ | (71,020) |  |  | $ | (2,333) |
Basic weighted average shares outstanding | 142,827 |  |  | 139,805 |  |  | 141,809 |  |  | 138,873 |
Effect of dilutive securities: |  |  |  |  |  |  |
Restricted stock grants(a) | 1,596 |  |  | — |  |  | — |  |  | — |
2027 Notes | 97,057 |  |  | — |  |  | — |  |  | — |
Diluted weighted average shares outstanding | 241,480 |  |  | 139,805 |  |  | 141,809 |  |  | 138,873 |
Income (loss) per share attributable to Gannett - basic | $ | 0.10 |  |  | $ | (0.09) |  |  | $ | (0.50) |  |  | $ | (0.02) |
Income (loss) per share attributable to Gannett - diluted | $ | 0.09 |  |  | $ | (0.09) |  |  | $ | (0.50) |  |  | $ | (0.02) |
(a) Includes restricted stock awards ("RSAs"), restricted stock units ("RSUs") and performance stock units ("PSUs").
Schedule of Securities Excluded From Computation of Diluted Income (Loss) Per Share | The Company excluded the following securities from the computation of diluted income (loss) per share because their effect would have been antidilutive:
| Three months ended June 30, |  | Six months ended June 30,
In thousands | 2024 |  | 2023 |  | 2024 |  | 2023
Warrants(a) | — |  |  | 845 |  |  | — |  |  | 845 |
Stock options | 6,068 |  |  | 6,068 |  |  | 6,068 |  |  | 6,068 |
Restricted stock grants(b) | 1,258 |  |  | 8,937 |  |  | 4,651 |  |  | 8,937 |
2027 Notes(c) | — |  |  | 97,057 |  |  | 97,057 |  |  | 97,057 |
(a)The warrants expired on November 26, 2023. (b)Includes RSAs, RSUs and PSUs. (c)Represents the total number of shares that would be convertible for the six months ended June 30, 2024 and the three and six months ended June 30, 2023 as stipulated in the 2027 Notes Indenture.
Schedule of Accumulated Other Comprehensive Loss, Net of Tax | The following tables summarize the components of, and the changes in, Accumulated other comprehensive loss, net of tax:
| Six months ended June 30, 2024 |  | Six months ended June 30, 2023
In thousands | Pension and postretirement benefit plans |  | Foreign currency translation |  | Total |  | Pension and postretirement benefit plans |  | Foreign currency translation |  | Total
Beginning balance | $ | (64,344) |  |  | $ | (1,197) |  |  | $ | (65,541) |  |  | $ | (86,351) |  |  | $ | (14,880) |  |  | $ | (101,231) |
Other comprehensive income (loss) before reclassifications, net of taxes | 516 |  |  | (912) |  |  | (396) |  |  | 15,342 |  |  | 12,164 |  |  | 27,506 |
Amounts reclassified from accumulated other comprehensive income(a)(b) | 151 |  |  | — |  |  | 151 |  |  | 31 |  |  | — |  |  | 31 |
Net current period other comprehensive income (loss), net of tax | 667 |  |  | (912) |  |  | (245) |  |  | 15,373 |  |  | 12,164 |  |  | 27,537 |
Ending balance | $ | (63,677) |  |  | $ | (2,109) |  |  | $ | (65,786) |  |  | $ | (70,978) |  |  | $ | (2,716) |  |  | $ | (73,694) |
(a)Amounts reclassified from accumulated other comprehensive income are included in the computation of net periodic benefit cost. See Note 7 — Pensions and other postretirement benefit plans. (b)Amounts reclassified from accumulated other comprehensive income are recorded net of tax impacts of $68 thousand and $14 thousand for the six months ended June 30, 2024 and 2023, respectively.

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