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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 |  | $ | 277,059 |  |  | $ | 320,428 |  |  | $ | 330,857 |  |  | $ | 423,055 |  |  | $ | 1,351,399 |
Costs and expenses |  | (254,305) |  |  | (272,351) |  |  | (303,652) |  |  | (351,080) |  |  | (1,181,388) |
Depreciation and amortization of intangible assets |  | (17,006) |  |  | (19,532) |  |  | (21,661) |  |  | (26,145) |  |  | (84,344) |
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 |  |  | (417) |  |  | 1,194 |
Income (loss) from continuing operations before income taxes |  | (5,713) |  |  | 9,183 |  |  | (21,011) |  |  | 18,545 |  |  | 1,004 |
Provision (benefit) for income taxes |  | (2,393) |  |  | 3,385 |  |  | (3,677) |  |  | 5,602 |  |  | 2,917 |
Income (loss) from continuing operations, net of tax |  | (3,320) |  |  | 5,798 |  |  | (17,334) |  |  | 12,943 |  |  | (1,913) |
Loss from discontinued operations, net of tax |  | (3,494) |  |  | (6,164) |  |  | (4,429) |  |  | (2,378) |  |  | (16,465) |
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 |  | $ | (0.04) |  |  | $ | 0.07 |  |  | $ | (0.22) |  |  | $ | 0.16 |  |  | $ | (0.02) |
Loss from discontinued operations per basic share of common stock |  | $ | (0.04) |  |  | $ | (0.07) |  |  | $ | (0.05) |  |  | $ | (0.03) |  |  | $ | (0.20) |
Net income (loss) from continuing operations per diluted share of common stock |  | $ | (0.04) |  |  | $ | 0.07 |  |  | $ | (0.22) |  |  | $ | 0.16 |  |  | $ | (0.02) |
Loss from discontinued operations per diluted share of common stock |  | $ | (0.04) |  |  | $ | (0.07) |  |  | $ | (0.05) |  |  | $ | (0.03) |  |  | $ | (0.20) |
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |  |
Basic |  | 80,673 |  |  | 80,822 |  |  | 80,877 |  |  | 80,927 |  |  | 80,826 |
Diluted |  | 80,673 |  |  | 81,196 |  |  | 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 |  | $ | 243,206 |  |  | $ | 273,425 |  |  | $ | 289,334 |  |  | $ | 351,397 |  |  | $ | 1,157,362 |
Costs and expenses |  | (225,407) |  |  | (231,594) |  |  | (228,632) |  |  | (261,280) |  |  | (946,913) |
Depreciation and amortization of intangible assets |  | (14,547) |  |  | (14,494) |  |  | (14,840) |  |  | (16,830) |  |  | (60,711) |
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 |  | 138 |  |  | (156) |  |  | (546) |  |  | 687 |  |  | 123 |
Income (loss) from continuing operations before income taxes |  | (7,474) |  |  | 16,579 |  |  | 33,285 |  |  | 50,280 |  |  | 92,670 |
Provision (benefit) for income taxes |  | (1,210) |  |  | 4,219 |  |  | 8,695 |  |  | 11,077 |  |  | 22,781 |
Income (loss) from continuing operations, net of tax |  | (6,264) |  |  | 12,360 |  |  | 24,590 |  |  | 39,203 |  |  | 69,889 |
Loss from discontinued operations, net of tax |  | (20,817) |  |  | (6,640) |  |  | (5,459) |  |  | (17,224) |  |  | (50,140) |
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 |  | $ | (0.07) |  |  | $ | 0.15 |  |  | $ | 0.30 |  |  | $ | 0.48 |  |  | $ | 0.85 |
Loss from discontinued operations per basic share of common stock |  | $ | (0.26) |  |  | $ | (0.08) |  |  | $ | (0.07) |  |  | $ | (0.21) |  |  | $ | (0.61) |
Net income (loss) from continuing operations per diluted share of common stock |  | $ | (0.07) |  |  | $ | 0.15 |  |  | $ | 0.29 |  |  | $ | 0.47 |  |  | $ | 0.85 |
Loss from discontinued operations per diluted share of common stock |  | $ | (0.26) |  |  | $ | (0.08) |  |  | $ | (0.07) |  |  | $ | (0.21) |  |  | $ | (0.60) |
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=118952077&loc=d3e1280-108306 + Details
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