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Summarized Quarterly Financial Information (Unaudited)
12 Months Ended
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:
20201st2nd3rd4th
(in thousands, except per share data)QuarterQuarterQuarterQuarterTotal
Operating revenues$414,223 $358,883 $493,262 $591,110 $1,857,478 
Costs and expenses(364,521)(329,381)(361,185)(391,087)(1,446,174)
Depreciation and amortization of intangible assets(27,345)(26,645)(26,856)(26,309)(107,155)
Gains (losses), net on disposal of property and equipment(1,433)(1,307)2,012 67 (661)
Interest expense(25,798)(22,999)(21,387)(22,810)(92,994)
Defined benefit pension plan expense(1,026)(1,026)(1,261)(1,075)(4,388)
Miscellaneous, net1,114 (1,552)1,488 1,864 2,914 
Income (loss) from continuing operations before income taxes(4,786)(24,027)86,073 151,760 209,020 
Provision (benefit) for income taxes2,412 (6,515)22,100 37,459 55,456 
Income (loss) from continuing operations, net of tax(7,198)(17,512)63,973 114,301 153,564 
Income (loss) from discontinued operations, net of tax(4,611)(4,531)(5,455)130,366 115,769 
Net income (loss)(11,809)(22,043)58,518 244,667 269,333 
Income (loss) attributable to noncontrolling interest— — — — — 
Net income (loss) attributable to the shareholders of The E.W. Scripps Company$(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:
Basic81,077 81,418 81,522 81,650 81,418 
Diluted81,077 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.
20191st2nd3rd4th
(in thousands, except per share data)QuarterQuarterQuarterQuarterTotal
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:
Basic80,673 80,822 80,877 80,927 80,826 
Diluted80,673 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.