XML 56 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Components of benefit expense

The components of the expense consisted of the following:

		For the years ended December 31,
(in thousands)		2017				2016				2015
Interest cost		$	25,966			$	27,359			$	30,477
Expected return on plan assets, net of expenses		(17,439		)		(18,466		)		(24,320		)
Amortization of actuarial loss		4,424				4,406				4,617
Curtailment/Settlement losses		—				—				46,793
Total for defined benefit plans		12,951				13,299				57,567
Multi-employer plans		253				168				180
Withdrawal from GCIU multi-employer plan		—				—				351
SERPs		1,161				1,033				1,107
Defined contribution plans		9,183				8,265				9,858
Net periodic benefit cost		23,548				22,765				69,063
Allocated to discontinued operations		(687		)		(652		)		(886		)
Net periodic benefit cost - continuing operations		$	22,861			$	22,113			$	68,177

Changes in plan assets and benefit obligations recognized in other comprehensive income (loss)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were as follows:

		For the years ended December 31,
(in thousands)		2017				2016				2015
Current year actuarial gain/(loss)		$	12,205			$	(9,379	)		$	1,026
Amortization of actuarial loss		4,424				4,406				4,617
Curtailment/Settlement losses		—				—				46,793
Total		$	16,629			$	(4,973	)		$	52,436

Schedule of assumptions used

Assumptions used to determine the defined benefit pension plans benefit obligations were as follows:

		2017			2016			2015
Weighted average discount rate		3.7	%		4.26	%		4.55	%

Assumptions used in determining the annual retirement plans expense were as follows:

		2017 (1)			2016 (1)			2015 (2)
Discount rate		4.26	%		4.55	%		4.01%-4.53%
Long-term rate of return on plan assets		4.20%-4.30%			4.50%-4.65%			4.10%-6.10%

⁽¹⁾ Ranges presented for long-term rate of return on plan assets for 2017 and 2016 represent the rates used for Scripps Pension Plan and Journal Communications, Inc. Employees' Pension Plan.

⁽²⁾ Ranges presented for discount rate and long-term rate of return on plan assets for 2015 represent the rates used for various remeasurement periods during the year as well as differing rates used for Scripps Pension Plan and Journal Communications, Inc. Employees' Pension Plan.

Schedule of employee benefit plan assets and obligations

The following table presents information about our employee benefit plan assets and obligations:

		Defined Benefit Plans								SERPs
		For the years ended December 31,
(in thousands)		2017				2016				2017				2016
Change in projected benefit obligation:
Projected benefit obligation at beginning of year		$	625,535			$	611,257			$	21,260			$	19,800
Interest cost		25,966				27,359				869				910
Benefits paid		(34,997		)		(33,571		)		(948		)		(1,030		)
Actuarial (gains)/losses		38,032				20,490				2,510				1,580
Projected benefit obligation at end of year		654,536				625,535				23,691				21,260
Plan assets:
Fair value at beginning of year		412,459				407,797				—				—
Actual return on plan assets		67,676				29,577				—				—
Company contributions		19,303				8,656				948				1,030
Benefits paid		(34,997		)		(33,571		)		(948		)		(1,030		)
Fair value at end of year		464,441				412,459				—				—
Funded status		$	(190,095	)		$	(213,076	)		$	(23,691	)		$	(21,260	)
Amounts recognized in Consolidated Balance Sheets:
Current liabilities		$	—			$	—			$	(6,380	)		$	(1,548	)
Noncurrent liabilities		(190,095		)		(213,076		)		(17,311		)		(19,712		)
Total		$	(190,095	)		$	(213,076	)		$	(23,691	)		$	(21,260	)
Unrecognized net actuarial loss recognized in accumulated other comprehensive loss		$	127,666			$	144,294			$	8,667			$	6,342

Schedule of pension plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets

Information for pension plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets was as follows:

		Defined Benefit Plans								SERPs
		As of December 31,
(in thousands)		2017				2016				2017				2016
Accumulated benefit obligation		$	654,536			$	625,535			$	23,691			$	21,260
Projected benefit obligation		654,536				625,535				23,691				21,260
Fair value of plan assets		464,441				412,459				—				—

Schedule of allocation of pension plan assets by asset category

Information related to our pension plan asset allocations by asset category were as follows:

		Target allocation			Percentage of plan assets as of December 31,
		2018			2017			2016
US equity securities		20	%		21	%		20	%
Non-US equity securities		30	%		29	%		30	%
Fixed-income securities		45	%		44	%		44	%
Other		5	%		6	%		6	%
Total		100	%		100	%		100	%

Plan assets measured using the fair value hierarchy

The following table presents our plan assets using the fair value hierarchy as of December 31, 2017 and 2016:

		As of December 31,
(in thousands)		2017				2016
Equity securities
Common/collective trust funds		$	234,061			$	204,084
Fixed income
Common/collective trust funds		204,453				184,000
Real estate fund		23,102				21,646
Cash equivalents		2,825				2,729
Fair value of plan assets		$	464,441			$	412,459

X

- Definition

Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized and the net funded status of those plans.

+ References

No definition available.

+ Details

Name:	ssp_ScheduleOfAmountsRecognizedInBalanceSheetAndNetFundedStatusTableTextBlock
Namespace Prefix:	ssp_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e2417-114920

+ Details

Name:	us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
-URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration