Supplemental equity and other information (Tables)

6 Months Ended

Jun. 30, 2024

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.