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Summarized Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Summarized Quarterly Financial Information (Unaudited) | Summarized Quarterly Financial Information (Unaudited) Summarized quarterly financial information is as follows:
2020 |  | 1st |  | 2nd |  | 3rd |  | 4th |  |
(in thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter |  | Total
Operating revenues |  | $ | 414,223 |  |  | $ | 358,883 |  |  | $ | 493,262 |  |  | $ | 591,110 |  |  | $ | 1,857,478 |
Costs and expenses |  | (364,521) |  |  | (329,381) |  |  | (361,185) |  |  | (391,087) |  |  | (1,446,174) |
Depreciation and amortization of intangible assets |  | (27,345) |  |  | (26,645) |  |  | (26,856) |  |  | (26,309) |  |  | (107,155) |
Gains (losses), net on disposal of property and equipment |  | (1,433) |  |  | (1,307) |  |  | 2,012 |  |  | 67 |  |  | (661) |
Interest expense |  | (25,798) |  |  | (22,999) |  |  | (21,387) |  |  | (22,810) |  |  | (92,994) |
Defined benefit pension plan expense |  | (1,026) |  |  | (1,026) |  |  | (1,261) |  |  | (1,075) |  |  | (4,388) |
Miscellaneous, net |  | 1,114 |  |  | (1,552) |  |  | 1,488 |  |  | 1,864 |  |  | 2,914 |
Income (loss) from continuing operations before income taxes |  | (4,786) |  |  | (24,027) |  |  | 86,073 |  |  | 151,760 |  |  | 209,020 |
Provision (benefit) for income taxes |  | 2,412 |  |  | (6,515) |  |  | 22,100 |  |  | 37,459 |  |  | 55,456 |
Income (loss) from continuing operations, net of tax |  | (7,198) |  |  | (17,512) |  |  | 63,973 |  |  | 114,301 |  |  | 153,564 |
Income (loss) from discontinued operations, net of tax |  | (4,611) |  |  | (4,531) |  |  | (5,455) |  |  | 130,366 |  |  | 115,769 |
Net income (loss) |  | (11,809) |  |  | (22,043) |  |  | 58,518 |  |  | 244,667 |  |  | 269,333 |
Income (loss) attributable to noncontrolling interest |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to the shareholders of The E.W. Scripps Company |  | $ | (11,809) |  |  | $ | (22,043) |  |  | $ | 58,518 |  |  | $ | 244,667 |  |  | $ | 269,333 |
Net income (loss) from continuing operations per basic share of common stock |  | $ | (0.09) |  |  | $ | (0.22) |  |  | $ | 0.76 |  |  | $ | 1.36 |  |  | $ | 1.84 |
Loss from discontinued operations per basic share of common stock |  | $ | (0.06) |  |  | $ | (0.06) |  |  | $ | (0.07) |  |  | $ | 1.55 |  |  | $ | 1.39 |
Net income (loss) from continuing operations per diluted share of common stock |  | $ | (0.09) |  |  | $ | (0.22) |  |  | $ | 0.76 |  |  | $ | 1.35 |  |  | $ | 1.83 |
Loss from discontinued operations per diluted share of common stock |  | $ | (0.06) |  |  | $ | (0.06) |  |  | $ | (0.07) |  |  | $ | 1.55 |  |  | $ | 1.39 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |  |
Basic |  | 81,077 |  |  | 81,418 |  |  | 81,522 |  |  | 81,650 |  |  | 81,418 |
Diluted |  | 81,077 |  |  | 81,418 |  |  | 82,088 |  |  | 82,467 |  |  | 81,831 |
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.
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.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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