XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Mar. 27, 2016
Mar. 29, 2015
Mar. 27, 2016
Mar. 29, 2015
Operating revenue:        
Advertising and marketing services $ 88,731,000 $ 98,017,000 $ 194,368,000 $ 213,847,000
Subscription 46,658,000 48,111,000 97,089,000 98,510,000
Other 11,446,000 10,429,000 23,783,000 21,409,000
Total operating revenue 146,835,000 156,557,000 315,240,000 333,766,000
Operating expenses:        
Compensation 58,850,000 61,236,000 117,514,000 123,173,000
Newsprint and ink 6,053,000 7,661,000 12,738,000 16,507,000
Other operating expenses 54,107,000 56,866,000 112,977,000 117,103,000
Depreciation 4,325,000 4,686,000 8,652,000 9,301,000
Amortization of intangible assets 6,616,000 6,880,000 13,232,000 13,760,000
Gain on sales of assets, net (438,000) 5,000 (1,409,000) (252,000)
Workforce adjustments 588,000 641,000 1,192,000 852,000
Total operating expenses 130,101,000 137,975,000 264,896,000 280,444,000
Equity in earnings of associated companies 2,009,000 1,653,000 4,808,000 4,410,000
Operating income 18,743,000 20,235,000 55,152,000 57,732,000
Non-operating income (expense):        
Financial income 110,000 102,000 185,000 180,000
Financial expense (16,281,000) (18,403,000) (33,423,000) (37,193,000)
Debt financing costs and amortization (2,034,000) (1,493,000) (3,367,000) (2,595,000)
Gain on insurance settlement 30,646,000 0 30,646,000 0
Other, net 688,000 2,318,000 1,333,000 1,140,000
Total non-operating expense, net 13,129,000 (17,476,000) (4,626,000) (38,468,000)
Income (loss) before income taxes 31,872,000 2,759,000 50,526,000 19,264,000
Income tax expense (benefit) 12,389,000 717,000 19,535,000 7,215,000
Net income 19,483,000 2,042,000 30,991,000 12,049,000
Net income attributable to non-controlling interests (255,000) (242,000) (526,000) (496,000)
Income (loss) attributable to Lee Enterprises, Incorporated 19,228,000 1,800,000 30,465,000 11,553,000
Other comprehensive income (loss), net of income taxes (43,000) (192,000) (86,000) (384,000)
Comprehensive income (loss) attributable to Lee Enterprises, Incorporated $ 19,185,000 $ 1,608,000 $ 30,379,000 $ 11,169,000
Basic:        
Earnings Per Share, Basic $ 0.36 $ 0.03 $ 0.57 $ 0.22
Diluted:        
Diluted $ 0.36 $ 0.03 $ 0.57 $ 0.21