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Revenue
6 Months Ended
Mar. 24, 2024
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
The following table presents our revenue disaggregated by source:
Three months EndedSix months Ended
(Thousands of Dollars)March 24,
2024
March 26,
2023
March 24,
2024
March 26,
2023
Operating revenue:
Print advertising revenue18,742 31,450 43,177 73,286 
Digital advertising revenue45,392 46,250 91,844 93,999 
Advertising and marketing services revenue64,134 77,700 135,021 167,285 
Print subscription revenue48,966 64,586 100,838 131,956 
Digital subscription revenue20,261 13,996 39,728 26,325 
Subscription revenue69,227 78,582 140,566 158,281 
Print other revenue8,069 9,649 16,561 20,769 
Digital other revenue5,120 4,756 10,080 9,483 
Other revenue13,189 14,405 26,641 30,252 
Total operating revenue146,550 170,687 302,228 355,818 
Recognition principles: Revenue is recognized when a performance obligation is satisfied by the transfer of control of the contracted goods or services to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services.
Arrangements with multiple performance obligations: We have various advertising and subscription agreements which include both print and digital performance obligations. Revenue from sales agreements that contain multiple performance obligations are allocated to each obligation based on the relative standalone selling price. We determine standalone selling prices based on observable prices charged to customers.
Contract Liabilities: The Company’s primary source of contract liabilities is unearned revenue from subscriptions paid in advance of the service provided. The Company expects to recognize the revenue related to unsatisfied performance obligations over the next twelve months in accordance with the terms of the subscriptions and other contracts with customers. Revenue recognized in the six months ended March 24, 2024, that was included in the contract liability as of September 24, 2023, was $34.4 million.
Accounts receivable, excluding allowance for credit losses was $65.7 million and $74.4 million as of March 24, 2024, and September 24, 2023, respectively. Allowance for credit losses was $6.5 million and $5.3 million as of March 24, 2024, and September 24, 2023, respectively.
Sales commissions are expensed as incurred as the associated contractual periods are one year or less. These costs are recorded within compensation. Most of our contracts have original expected lengths of one year or less and revenue is earned at a rate and amount that corresponds directly with the value to the customer.