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Summarized Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of quarterly financial information | Summarized quarterly financial information is as follows:
2019 |  | 1st |  | 2nd |  | 3rd |  | 4th |  |
(in thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter |  | Total
Operating revenues |  | $ | 292,163 |  |  | $ | 337,495 |  |  | $ | 349,777 |  |  | $ | 444,401 |  |  | $ | 1,423,836 |
Costs and expenses |  | (274,058 | ) |  | (294,942 | ) |  | (327,049 | ) |  | (376,956 | ) |  | (1,273,005 | )
Depreciation and amortization of intangible assets |  | (17,792 | ) |  | (20,237 | ) |  | (22,241 | ) |  | (26,716 | ) |  | (86,986 | )
Gains (losses), net on disposal of property and equipment |  | (173 | ) |  | (144 | ) |  | 11 |  |  | 1,998 |  |  | 1,692 |
Interest expense |  | (8,916 | ) |  | (18,023 | ) |  | (26,537 | ) |  | (27,120 | ) |  | (80,596 | )
Defined benefit pension plan expense |  | (1,572 | ) |  | (1,564 | ) |  | (2,071 | ) |  | (1,746 | ) |  | (6,953 | )
Miscellaneous, net |  | (800 | ) |  | 369 |  |  | 2,042 |  |  | (474 | ) |  | 1,137 |
Income (loss) from continuing operations before income taxes |  | (11,148 | ) |  | 2,954 |  |  | (26,068 | ) |  | 13,387 |  |  | (20,875 | )
Provision (benefit) for income taxes |  | (4,334 | ) |  | 3,320 |  |  | (4,305 | ) |  | 2,822 |  |  | (2,497 | )
Income (loss) from continuing operations, net of tax |  | (6,814 | ) |  | (366 | ) |  | (21,763 | ) |  | 10,565 |  |  | (18,378 | )
Loss from discontinued operations, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) |  | (6,814 | ) |  | (366 | ) |  | (21,763 | ) |  | 10,565 |  |  | (18,378 | )
Income (loss) attributable to noncontrolling interest |  | — |  |  | — |  |  | 166 |  |  | (166 | ) |  | — |
Net income (loss) attributable to the shareholders of The E.W. Scripps Company |  | $ | (6,814 | ) |  | $ | (366 | ) |  | $ | (21,929 | ) |  | $ | 10,731 |  |  | $ | (18,378 | )
Net income (loss) from continuing operations per basic share of common stock |  | $ | (0.08 | ) |  | $ | (0.01 | ) |  | $ | (0.27 | ) |  | $ | 0.13 |  |  | $ | (0.23 | )
Net income (loss) from continuing operations per diluted share of common stock |  | $ | (0.08 | ) |  | $ | (0.01 | ) |  | $ | (0.27 | ) |  | $ | 0.13 |  |  | $ | (0.23 | )
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |  |
Basic |  | 80,673 |  |  | 80,822 |  |  | 80,877 |  |  | 80,927 |  |  | 80,826 |
Diluted |  | 80,673 |  |  | 80,822 |  |  | 80,877 |  |  | 81,322 |  |  | 80,826 |
Cash dividends per share of common stock |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.20 |
The sum of the quarterly net income (loss) per share amounts may not equal the reported annual amount because each amount is computed independently based upon the weighted-average number of shares outstanding for the period.
2018 |  | 1st |  | 2nd |  | 3rd |  | 4th |  |
(in thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter |  | Total
Operating revenues |  | $ | 254,191 |  |  | $ | 283,395 |  |  | $ | 302,726 |  |  | $ | 368,113 |  |  | $ | 1,208,425 |
Costs and expenses |  | (238,682 | ) |  | (245,610 | ) |  | (247,304 | ) |  | (281,628 | ) |  | (1,013,224 | )
Depreciation and amortization of intangible assets |  | (15,420 | ) |  | (15,382 | ) |  | (15,598 | ) |  | (17,587 | ) |  | (63,987 | )
Gains (losses), net on disposal of property and equipment |  | (717 | ) |  | 66 |  |  | 501 |  |  | (1,105 | ) |  | (1,255 | )
Interest expense |  | (8,759 | ) |  | (9,279 | ) |  | (9,003 | ) |  | (9,143 | ) |  | (36,184 | )
Defined benefit pension plan expense |  | (1,388 | ) |  | (1,389 | ) |  | (3,529 | ) |  | (13,446 | ) |  | (19,752 | )
Miscellaneous, net |  | 167 |  |  | (156 | ) |  | (546 | ) |  | 687 |  |  | 152 |
Income (loss) from continuing operations before income taxes |  | (10,608 | ) |  | 11,645 |  |  | 27,247 |  |  | 45,891 |  |  | 74,175 |
Provision (benefit) for income taxes |  | (2,031 | ) |  | 2,983 |  |  | 7,208 |  |  | 9,938 |  |  | 18,098 |
Income (loss) from continuing operations, net of tax |  | (8,577 | ) |  | 8,662 |  |  | 20,039 |  |  | 35,953 |  |  | 56,077 |
Loss from discontinued operations, net of tax |  | (18,504 | ) |  | (2,942 | ) |  | (908 | ) |  | (13,974 | ) |  | (36,328 | )
Net income (loss) |  | $ | (27,081 | ) |  | $ | 5,720 |  |  | $ | 19,131 |  |  | $ | 21,979 |  |  | $ | 19,749 |
Loss attributable to noncontrolling interest |  | (632 | ) |  | — |  |  | — |  |  | — |  |  | (632 | )
Net income (loss) attributable to the shareholders of The E.W. Scripps Company |  | $ | (26,449 | ) |  | $ | 5,720 |  |  | $ | 19,131 |  |  | $ | 21,979 |  |  | $ | 20,381 |
Net income (loss) from continuing operations per basic share of common stock |  | $ | (0.10 | ) |  | $ | 0.10 |  |  | $ | 0.24 |  |  | $ | 0.44 |  |  | $ | 0.69 |
Loss from discontinued operations per basic share of common stock |  | $ | (0.23 | ) |  | $ | (0.04 | ) |  | $ | (0.01 | ) |  | $ | (0.17 | ) |  | $ | (0.44 | )
Net income (loss) from continuing operations per diluted share of common stock |  | $ | (0.10 | ) |  | $ | 0.10 |  |  | $ | 0.24 |  |  | $ | 0.44 |  |  | $ | 0.68 |
Loss from discontinued operations per diluted share of common stock |  | $ | (0.23 | ) |  | $ | (0.04 | ) |  | $ | (0.01 | ) |  | $ | (0.17 | ) |  | $ | (0.44 | )
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |  |
Basic |  | 81,554 |  |  | 81,824 |  |  | 81,452 |  |  | 80,669 |  |  | 81,369 |
Diluted |  | 81,554 |  |  | 81,852 |  |  | 82,084 |  |  | 81,348 |  |  | 81,927 |
Cash dividends per share of common stock |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.20 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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