XML 43 R31.htm IDEA: XBRL DOCUMENT v3.25.2
Supplemental equity and other information (Tables)
 6 Months Ended
Jun. 30, 2025
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 data2025202420252024
Net income (loss) attributable to Gannett$78,391 $13,748 $71,058 $(71,020)
Interest adjustment to Net income (loss) attributable to Gannett related to assumed conversions of the:
    2027 Notes522 8,266 1,184 — 
    2031 Notes2,677 — 5,351 — 
Net income (loss) attributable to Gannett for diluted earnings per share$81,590 $22,014 $77,593 $(71,020)
Basic weighted average shares outstanding145,164 142,827 144,274 141,809 
Effect of dilutive securities:
Restricted stock grants(a)
662 1,596 849 — 
2027 Notes4,822 97,057 4,822 — 
2031 Notes44,745 — 44,745 — 
Diluted weighted average shares outstanding195,393 241,480 194,690 141,809 
Income (loss) per share attributable to Gannett - basic$0.54 $0.10 $0.49 $(0.50)
Income (loss) per share attributable to Gannett - diluted$0.42 $0.09 $0.40 $(0.50)
(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 thousands2025202420252024
2027 Notes(a)
— — — 97,057 
Restricted stock grants(b)
— 1,258 — 4,651 
Stock options4,716 6,068 4,716 6,068 
(a)Represents the total number of shares that would have been convertible for the six months ended 2024 as stipulated in the 2027 Notes Indenture.
(b)Includes restricted stock awards ("RSA"), restricted stock units ("RSU") and performance stock units ("PSU").
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, 2025Six months ended June 30, 2024
In thousandsPension and postretirement benefit plansForeign currency translation



TotalPension and postretirement benefit plansForeign currency translationTotal
Beginning balance$(54,953)$(1,211)$(56,164)$(64,344)$(1,197)$(65,541)
Other comprehensive (loss) income before reclassifications(8,851)21,822 12,971 516 (912)(396)
Amounts reclassified from accumulated other comprehensive income(a)(b)
82 — 82 151 — 151 
Net current period other comprehensive (loss) income(8,769)21,822 13,053 667 (912)(245)
Ending balance$(63,722)$20,611 $(43,111)$(63,677)$(2,109)$(65,786)
(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 $29 thousand and $68 thousand for the six months ended June 30, 2025 and 2024, respectively.