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Supplemental equity and other information (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Loss Per Share (Basic And Diluted) The following table sets forth the information to compute basic and diluted loss per share:
Year ended December 31,
In thousands, except per share data
2024
2023
2022
Net loss attributable to Gannett
$(26,354)
$(27,791)
$(78,002)
Basic weighted average shares outstanding
142,516
139,633
136,903
Diluted weighted average shares outstanding
142,516
139,633
136,903
Loss per share attributable to Gannett - basic
$(0.18)
$(0.20)
$(0.57)
Loss per share attributable to Gannett - diluted
$(0.18)
$(0.20)
$(0.57)
Schedule of Securities From Computation of Diluted Income Per Share The Company excluded the following securities from the computation of diluted loss per share because their effect would
have been antidilutive:
Year ended December 31,
In thousands
2024
2023
2022
2027 Notes(a)
7,612
97,057
97,057
2031 Notes(b)
44,745
Restricted stock grants(c)
7,267
8,608
8,616
Stock options
5,416
6,068
6,068
Warrants(d)
845
(a)Represents the total number of shares that would have been convertible as of December 31, 2024 and 2023 as stipulated in the 2027 Notes Indenture.
(b)Represents the total number of shares that would have been convertible as of December 31, 2024 as stipulated in the 2031 Notes Indenture.
(c) Includes restricted stock awards ("RSA"), restricted stock units ("RSU") and performance stock units ("PSU").
(d)The warrants expired on November 26, 2023.
Schedule of Nonvested RSA, RSU and PSU Cost The following table outlines RSA activity:
Year ended December 31,
 
2024
2023
2022
Number
of RSAs
(In thousands)
Weighted-
average
grant date
fair value
Number
of RSAs
(In thousands)
Weighted-
average
grant date
fair value
Number
of RSAs
(In thousands)
Weighted-
average
grant date
fair value
Unvested at beginning of year
8,456
$3.09
8,616
$4.40
6,949
$4.32
Granted
272
4.04
5,171
1.87
7,427
4.29
Vested
(4,024)
3.57
(3,910)
4.11
(2,633)
4.63
Forfeited
(543)
3.01
(1,421)
3.68
(3,127)
3.75
Unvested at end of year
4,161
$2.71
8,456
$3.09
8,616
$4.40
The following table outlines RSU and PSU activity:
Year ended December 31,
 
2024
2023
2022
Number
of RSUs &
PSUs
(In thousands)
Weighted-
average
grant date
fair value
Number
of RSUs &
PSUs
(In thousands)
Weighted-
average
grant date
fair value
Number
of RSUs &
PSUs
(In thousands)
Weighted-
average
grant date
fair value
Unvested at beginning of year
181
$1.83
1,000
$3.04
2,905
$4.05
Granted(a)
3,074
4.15
332
1.83
332
4.63
Vested
(152)
3.04
(1,905)
4.58
Forfeited and canceled(b)
(141)
2.44
(999)
2.85
(332)
4.63
Unvested at end of year
3,114
$4.10
181
$1.83
1,000
$3.04
(a) There were no RSUs granted during the years ended December 31, 2023 and 2022.
(b) For the years ended December 31, 2024, 2023, and 2022, the Company canceled 15 thousand, 900 thousand, and 332 thousand, respectively, of PSUs and
RSUs.
Schedule of Accumulated Other Comprehensive Income (Loss) The following tables summarize the components of, and the changes in, Accumulated other comprehensive income (loss),
net of tax:
In thousands
Pension and
postretirement
benefit plans
Foreign
currency
translation
Total
Balance at December 31, 2021
$50,870
$9,128
$59,998
Other comprehensive loss before reclassifications
(136,352)
(24,008)
(160,360)
Amounts reclassified from accumulated other comprehensive loss(a) (b) (c)
(869)
(869)
Current period other comprehensive loss
(137,221)
(24,008)
(161,229)
Balance at December 31, 2022
$(86,351)
$(14,880)
$(101,231)
Other comprehensive income before reclassifications
22,639
13,683
36,322
Amounts reclassified from accumulated other comprehensive income(a) (b)
(632)
(632)
Current period other comprehensive income
22,007
13,683
35,690
Balance at December 31, 2023
$(64,344)
$(1,197)
$(65,541)
Other comprehensive income (loss) before reclassifications
8,981
(14)
8,967
Amounts reclassified from accumulated other comprehensive income (loss)(a) (b)
410
410
Current period other comprehensive income (loss)
9,391
(14)
9,377
Balance at December 31, 2024
$(54,953)
$(1,211)
$(56,164)
(a)Accumulated other comprehensive income (loss) component represents amortization of actuarial loss and is included in the computation of net periodic
benefit cost. See Note 9 — Pensions and other postretirement benefit plans.
(b) Amounts reclassified from accumulated other comprehensive income (loss) are recorded net of income tax provision of $0.1 million for the year ended
December 31, 2024, and net of income tax benefits of $0.2 million, and $0.3 million for the years ended December 31, 2023 and 2022, respectively.
(c) Amounts reclassified from accumulated other comprehensive income (loss) include a net pension settlement gain of $0.7 million ($0.5 million, net of tax) for
the year ended December 31, 2022. See Note 9 — Pensions and other postretirement benefit plans.