XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Revenue
 9 Months Ended
Jun. 23, 2024
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
The following table presents our revenue disaggregated by source:
Three months EndedNine months Ended
(Thousands of Dollars)June 23,
2024		June 25,
2023		June 23,
2024		June 25,
2023
Operating revenue:
Print advertising revenue18,941 29,216 62,118 102,503 
Digital advertising and marketing services revenue49,903 49,904 141,747 143,903 
Advertising and marketing services revenue68,844 79,120 203,865 246,406 
Print subscription revenue47,605 61,842 148,443 193,799 
Digital subscription revenue20,701 15,715 60,429 42,039 
Subscription revenue68,306 77,557 208,872 235,838 
Print other revenue8,278 9,773 24,839 30,542 
Digital other revenue5,150 4,860 15,230 14,343 
Other revenue13,428 14,633 40,069 44,885 
Total operating revenue150,578 171,310 452,806 527,129 
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.
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 three and nine months ended June 23, 2024, that was included in the contract liability as of September 24, 2023, was $2.8 million and $37.3 million, respectively. Revenue recognized in the three and nine months ended June 25, 2023, that was included in the contract liability as of September 25, 2022, was $4.3 million and $45.5 million, respectively.
Accounts receivable, excluding allowance for credit losses was $67.0 million and $74.4 million as of June 23, 2024, and September 24, 2023, respectively. Allowance for credit losses was $5.8 million and $5.3 million as of June 23, 2024, and September 24, 2023, respectively.
Valuation and qualifying account information related to the allowance for credit losses related to continuing operations is as follows:
(Thousands of Dollars)June 23,
2024		September 24,
2023
Balance, beginning of year5,260 5,237 
Additions charged to expense9,511 6,942 
Deductions from reserves(8,994)(6,919)
Balance, end of year5,777 5,260 
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.