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Investments in Associated Companies | 12 Months Ended
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Sep. 27, 2015
Schedule of Equity Method Investments [Line Items] |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | INVESTMENTS IN ASSOCIATED COMPANIES TNI Partners In Tucson, Arizona, TNI, acting as agent for our subsidiary, Star Publishing Company (“Star Publishing”) and Citizen Publishing Company (“Citizen”), a subsidiary of Gannett Co. Inc., is responsible for printing, delivery, advertising and subscription activities of the Arizona Daily Star, as well as the related digital platforms and specialty publications. TNI collects all receipts and income and pays substantially all operating expenses incident to the partnership's operations and publication of the newspaper and other media. Income or loss of TNI (before income taxes) is allocated equally to Star Publishing and Citizen. Summarized financial information of TNI is as follows:
(Thousands of Dollars) | September 27 2015 |  |  | September 28 2014 |
ASSETS |  |  |
Cash and cash equivalents | 126 |  |  | 176 |
Accounts receivable, net | 4,563 |  |  | 4,749 |
Inventories | 899 |  |  | 1,582 |
Other current assets | 173 |  |  | 125 |
Investments and other assets | 33 |  |  | 78 |
Total assets | 5,794 |  |  | 6,710 |
LIABILITIES AND MEMBERS' EQUITY |  |  |
Accrued expenses and other current liabilities | 1,650 |  |  | 2,160 |
Unearned revenue | 3,137 |  |  | 3,036 |
Total liabilities | 4,787 |  |  | 5,196 |
Members' equity | 1,007 |  |  | 1,514 |
Total liabilities and members' equity | 5,794 |  |  | 6,710 |
Summarized results of TNI are as follows:
(Thousands of Dollars) | 2015 |  |  | 2014 |  |  | 2013 |
| 52 Weeks |  |  | 52 Weeks |  |  | 53 Weeks |
Operating revenue: |  |  |  |  |
Advertising and marketing services | 33,782 |  |  | 36,957 |  |  | 40,166 |
Subscription | 19,227 |  |  | 17,525 |  |  | 18,248 |
Other | 2,917 |  |  | 3,410 |  |  | 3,576 |
Total operating revenue | 55,926 |  |  | 57,892 |  |  | 61,990 |
Operating expenses: |  |  |  |  |
Compensation | 17,509 |  |  | 18,505 |  |  | 19,799 |
Newsprint and ink | 6,775 |  |  | 8,123 |  |  | 9,626 |
Other operating expenses | 21,129 |  |  | 20,672 |  |  | 20,971 |
Workforce adjustments | — |  |  | (71 | ) |  | — |
Net income | 10,513 |  |  | 10,663 |  |  | 11,594 |
Company's 50% share | 5,256 |  |  | 5,331 |  |  | 5,797 |
Less amortization of intangible assets | 418 |  |  | 418 |  |  | 621 |
Equity in earnings of TNI | 4,838 |  |  | 4,913 |  |  | 5,176 |
Summarized cash flows of TNI are as follows:
(Thousands of Dollars) | 2015 |  |  | 2014 |  |  | 2013 |
| 52 Weeks |  |  | 52 Weeks |  |  | 53 Weeks |
Net income | 10,513 |  |  | 10,663 |  |  | 11,594 |
Cash provided by (required for) operating activities | (458 | ) |  | (442 | ) |  | 1,351 |
Cash required for financing activities (partner distributions) | (10,105 | ) |  | (10,276 | ) |  | (12,851 | )
Net increase (decrease) in cash and cash equivalents | (50 | ) |  | (55 | ) |  | 94 |
Cash and cash equivalents: |  |  |  |  |
Beginning of year | 176 |  |  | 231 |  |  | 137 |
End of year | 126 |  |  | 176 |  |  | 231 |
Star Publishing's 50% share of TNI depreciation and certain general and administrative expenses associated with its share of the operation and administration of TNI are reported as operating expenses (benefit) in our Consolidated Statements of Operations and Comprehensive Income (Loss). These amounts totaled $(254,000), $(60,000),and $(488,000), in 2015, 2014 and 2013, respectively. Fees for editorial services provided to TNI by Star Publishing totaled $5,492,000, $5,908,000, and $6,041,000 in 2015, 2014 and 2013, respectively. At September 27, 2015, the carrying value of the Company's 50% investment in TNI is $17,508,000. The difference between our carrying value and our 50% share of the members' equity of TNI relates principally to goodwill of $12,366,000 and other identified intangible assets of $4,972,000, certain of which are being amortized over their estimated useful lives through 2020. See Note 4. Annual amortization of intangible assets is estimated to be $418,000 in 2016, 2017, 2018, 2019 and $314,000 in 2020. Madison Newspapers, Inc. We have a 50% ownership interest in MNI, which publishes daily and Sunday newspapers, and other publications in Madison, Wisconsin, and other Wisconsin locations, and operates their related digital sites. Net income or loss of MNI (after income taxes) is allocated equally to us and The Capital Times Company (“TCT”). MNI conducts its business under the trade name Capital Newspapers. Summarized financial information of MNI is as follows:
(Thousands of Dollars) | September 27 2015 |  |  | September 28 2014 |
ASSETS |  |  |
Cash and cash equivalents | 9,406 |  |  | 12,245 |
Accounts receivable, net | 5,632 |  |  | 5,794 |
Other current assets | 3,217 |  |  | 2,656 |
Current assets | 18,255 |  |  | 20,695 |
Investments and other assets | 2,871 |  |  | 2,871 |
Property and equipment, net | 5,665 |  |  | 6,758 |
Goodwill and other intangible assets | 25,673 |  |  | 26,118 |
Total assets | 52,464 |  |  | 56,442 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
Accrued expenses and other current liabilities | 3,120 |  |  | 3,502 |
Unearned revenue | 4,980 |  |  | 5,226 |
Deferred income taxes | 9,235 |  |  | 8,425 |
Total liabilities | 17,335 |  |  | 17,153 |
Stockholders' equity | 35,129 |  |  | 39,289 |
Total liabilities and stockholders' equity | 52,464 |  |  | 56,442 |
Summarized results of MNI are as follows:
(Thousands of Dollars) | 2015 |  |  | 2014 |  |  | 2013 |
Operating revenue: |  |  |  |  |
Advertising and marketing services | 41,443 |  |  | 44,357 |  |  | 46,373 |
Subscription | 24,372 |  |  | 21,578 |  |  | 17,421 |
Other | 1,449 |  |  | 1,543 |  |  | 1,674 |
Total operating revenue | 67,264 |  |  | 67,478 |  |  | 65,468 |
Operating expenses: |  |  |  |  |
Compensation | 21,106 |  |  | 21,750 |  |  | 23,282 |
Newsprint and ink | 4,409 |  |  | 5,166 |  |  | 5,871 |
Other operating expenses | 29,280 |  |  | 28,477 |  |  | 24,046 |
Workforce adjustments | 459 |  |  | 244 |  |  | 308 |
Depreciation and amortization | 1,630 |  |  | 1,626 |  |  | 1,530 |
Total operating expenses | 56,884 |  |  | 57,263 |  |  | 55,037 |
Operating income | 10,380 |  |  | 10,215 |  |  | 10,431 |
Non-operating income, net | 424 |  |  | 408 |  |  | 415 |
Income before income taxes | 10,804 |  |  | 10,623 |  |  | 10,846 |
Income tax expense | 3,972 |  |  | 3,855 |  |  | 3,895 |
Net income | 6,832 |  |  | 6,768 |  |  | 6,951 |
Equity in earnings of MNI | 3,416 |  |  | 3,384 |  |  | 3,509 |
Summarized cash flows of MNI are as follows:
(Thousands of Dollars) | 2015 |  |  | 2014 |  |  | 2013 |
Net income | 6,832 |  |  | 6,768 |  |  | 6,951 |
Cash provided by operating activities | 8,593 |  |  | 9,448 |  |  | 8,643 |
Cash required for investing activities | (432 | ) |  | (255 | ) |  | (155 | )
Cash required for financing activities (dividends paid) | (11,000 | ) |  | (9,500 | ) |  | (11,500 | )
Net decrease in cash and cash equivalents | (2,839 | ) |  | (307 | ) |  | (3,012 | )
Cash and cash equivalents: |  |  |  |  |
Beginning of year | 12,245 |  |  | 12,552 |  |  | 15,564 |
End of year | 9,406 |  |  | 12,245 |  |  | 12,552 |
Fees for editorial services provided to MNI by us are included in other revenue in the Consolidated Statements of Operations and Comprehensive Income (Loss) and totaled $7,242,000, $7,050,000 and $7,346,000, in 2015, 2014 and 2013, respectively. At September 27, 2015, the carrying value of the Company's 50% investment in MNI is $17,561,000.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=49116238&loc=d3e32847-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=49116238&loc=d3e32787-111569 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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