Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2017	Jan. 31, 2018	Jun. 30, 2017
Document Information [Line Items]
Entity Registrant Name	E.W. SCRIPPS Co
Entity Central Index Key	0000832428
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 1,007,000,000
Common stock, Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		69,582,721
Voting common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,932,722

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 148,699	$ 134,352
Accounts and notes receivable (less allowances — $1,949 and $1,490)	245,365	178,537
Licensed programming	53,468	3,207
Miscellaneous	21,998	15,578
Assets held for sale — current	136,004	14,221
Total current assets	605,534	345,895
Investments	7,699	14,221
Property and equipment	209,995	225,437
Goodwill	755,949	575,780
Other intangible assets	425,975	412,551
Licensed programming (less current portion)	85,269	1,796
Deferred income taxes	20,076	16,608
Miscellaneous	19,051	11,798
Assets held for sale — noncurrent	0	131,820
Total Assets	2,129,548	1,735,906
Current liabilities:
Accounts payable	23,647	15,976
Customer deposits and unearned revenue	7,353	6,410
Current portion of long-term debt	5,656	6,571
Accrued liabilities:
Employee compensation and benefits	41,939	31,198
Miscellaneous	44,396	18,285
Program license liability	58,176	10,665
Other current liabilities	10,085	12,146
Liabilities held for sale — current	19,536	2,880
Total current liabilities	210,788	104,131
Long-term debt (less current portion)	687,619	386,614
Other liabilities (less current portion)	293,656	273,929
Liabilities held for sale — noncurrent	0	25,297
Commitments and contingencies (Note 16)
Equity:
Preferred stock, $.01 par — authorized: 25,000,000 shares; none outstanding	0	0
Common stock, $.01 par: Class A - authorized: 240,000,000 shares; issued and outstanding; 2017 - 69,699,105 shares; 2016 - 70,042,300 shares. Voting - authorized: 60,000,000 shares; issued and outstanding; 2017 - 11,932,722 shares; 2016 - 11,932,722 shares	816	819
Additional paid-in capital	1,129,020	1,132,540
Accumulated deficit	(90,061)	(94,077)
Accumulated other comprehensive loss, net of income taxes	(102,922)	(93,347)
Total The E.W. Scripps Company shareholders' equity	936,853	945,935
Stockholders' Equity Attributable to Noncontrolling Interest	632	0
Total equity	937,485	945,935
Total Liabilities and Equity	2,129,548	1,735,906
Common stock, Class A
Equity:
Common stock, $.01 par: Class A - authorized: 240,000,000 shares; issued and outstanding; 2017 - 69,699,105 shares; 2016 - 70,042,300 shares. Voting - authorized: 60,000,000 shares; issued and outstanding; 2017 - 11,932,722 shares; 2016 - 11,932,722 shares	697	700
Voting common stock
Equity:
Common stock, $.01 par: Class A - authorized: 240,000,000 shares; issued and outstanding; 2017 - 69,699,105 shares; 2016 - 70,042,300 shares. Voting - authorized: 60,000,000 shares; issued and outstanding; 2017 - 11,932,722 shares; 2016 - 11,932,722 shares	$ 119	$ 119

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Allowances for accounts and notes receivable	$ 1,949	$ 1,490
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, Class A
Common stock, shares authorized	240,000,000	240,000,000
Common stock, shares issued	69,699,105	70,042,300
Common stock, shares outstanding	69,699,105	70,042,300
Voting common stock
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	11,932,722	11,932,722
Common stock, shares outstanding	11,932,722	11,932,722

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Revenues:
Advertising	$ 564,708	$ 609,612	$ 489,246
Retransmission and carriage	259,712	220,723	136,571
Other	40,414	38,485	28,358
Total operating revenues	864,834	868,820	654,175
Costs and Expenses:
Employee compensation and benefits	367,735	343,570	316,424
Programming	216,467	166,986	112,165
Other expenses	185,869	173,797	149,451
Acquisition and related integration costs	0	578	37,988
Restructuring costs	4,422	0	0
Total costs and expenses	774,493	684,931	616,028
Depreciation, Amortization, and Losses (Gains):
Depreciation	34,049	32,474	32,812
Amortization of intangible assets	22,294	22,730	16,979
Impairment of goodwill and intangibles	35,732	0	24,613
(Gains) losses, net on disposal of property and equipment	169	480	305
Net depreciation, amortization, and losses (gains)	92,244	55,684	74,709
Operating income (loss)	(1,903)	128,205	(36,562)
Interest expense	(26,697)	(18,039)	(15,099)
Defined benefit pension plan expense	(14,112)	(14,332)	(58,674)
Miscellaneous, net	10,636	(2,646)	(1,421)
Income (loss) from continuing operations before income taxes	(32,076)	93,188	(111,756)
Provision (benefit) for income taxes	(20,054)	33,266	(37,884)
Income (loss) from continuing operations, net of tax	(12,022)	59,922	(73,872)
Income (loss) from discontinued operations, net of tax	(2,595)	7,313	(8,605)
Net income (loss)	(14,617)	67,235	(82,477)
Net income (loss) attributable to noncontrolling interest	(1,511)	0	0
Net income (loss) attributable to the shareholders of The E.W. Scripps Company	$ (13,106)	$ 67,235	$ (82,477)
Net income (loss) per basic share of common stock attributable to the shareholders of The E.W. Scripps Company:
Income (loss) from continuing operations, per basic share	$ (0.13)	$ 0.71	$ (0.95)
Income (loss) from discontinued operations, per basic share	(0.03)	0.09	(0.11)
Net income (loss) per basic share of common stock (USD per share)	(0.16)	0.80	(1.06)
Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company:
Income (loss) from continuing operations, per diluted share	(0.13)	0.71	(0.95)
Income (loss) from discontinued operations, per diluted share	(0.03)	0.09	(0.11)
Net income (loss) per diluted share of common stock (USD per share)	$ (0.16)	$ 0.80	$ (1.06)
Weighted average shares outstanding:
Basic (in shares)	82,052	83,339	77,373
Diluted (in shares)	82,052	83,639	77,373

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (14,617)	$ 67,235	$ (82,477)
Changes in fair value of derivative, net of tax of $0, $142 and $148	0	242	237
Changes in defined benefit pension plans, net of tax of $4,152, $(2,455), and $21,139	10,150	(3,936)	33,825
Other	(355)	149	253
Total comprehensive income (loss)	(4,822)	63,690	(48,162)
Net income (loss) attributable to noncontrolling interest	(1,511)	0	0
Total comprehensive income (loss) attributable to the shareholders of The E.W. Scripps Company	$ (3,311)	$ 63,690	$ (48,162)

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Changes in defined benefit pension plans, tax amount	$ 4,152	$ (2,455)	$ 21,139
Changes in fair value of derivative, tax amount	$ 0	$ 142	$ 148

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Cash Flows [Abstract]
Net income (loss)	$ (14,617)	$ 67,235	$ (82,477)
Income (loss) from discontinued operations, net of tax	(2,595)	7,313	(8,605)
Income (loss) from continuing operations, net of tax	(12,022)	59,922	(73,872)
Adjustments to reconcile income (loss) from continuing operations to net cash flows from operating activities:
Depreciation and amortization	56,343	55,204	49,791
Impairment of goodwill and intangibles	35,732	0	24,613
Gain on disposition of investments	(6,106)	0	0
(Gains) losses on sale of property and equipment	169	480	305
Deferred income taxes	(16,084)	38,794	(26,210)
Stock and deferred compensation plans	15,872	10,857	9,873
Pension expense, net of payments	(6,738)	4,936	58,358
Other changes in certain working capital accounts, net	(20,508)	(34,861)	(40,434)
Miscellaneous, net	(16,473)	565	602
Net cash provided by continuing operating activities	30,185	135,897	3,026
Net cash provided by discontinued operating activities	10,667	10,596	5,844
Net operating activities	40,852	146,493	8,870
Cash Flows from Investing Activities:
Acquisitions, net of cash acquired	(280,940)	(43,500)	(46,838)
Proceeds from sale of property held for sale	0	0	14,500
Additions to property and equipment	(17,932)	(25,911)	(20,788)
Acquisition of intangibles	(9,745)	0	0
Purchase of investments	(836)	(2,128)	(7,658)
Miscellaneous, net	12,886	147	3,300
Net cash used in continuing investing activities	(296,567)	(71,392)	(57,484)
Net cash used in discontinued investing activities	(2,500)	(2,036)	(3,878)
Net investing activities	(299,067)	(73,428)	(61,362)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt	700,000	0	200,000
Payments on long-term debt	(393,927)	(6,635)	(122,406)
Payments of financing costs	(9,671)	0	(2,592)
Dividends paid	0	0	(59,523)
Repurchase of Class A Common shares	(17,885)	(44,401)	(16,222)
Proceeds from employee stock options	1,461	4,641	7,249
Tax payments related to shares withheld for vested stock and RSUs	(4,576)	(2,681)	(5,237)
Miscellaneous, net	(2,840)	(4,258)	575
Net cash provided by (used in) continuing financing activities	272,562	(53,334)	1,844
Increase (decrease) in cash, cash equivalents and restricted cash	14,347	19,731	(50,648)
Cash, cash equivalents and restricted cash:
Beginning of year	134,352	114,621	165,269
End of year	$ 148,699	$ 134,352	$ 114,621

Consolidated Statements of Equity - USD ($)
$ in Thousands

Total

Common Stock

Additional Paid-in Capital

Retained Earnings (Accumulated Deficit)

Accumulated Other Comprehensive Loss

Noncontrolling Interests

Balance at Dec. 31, 2014

$ 519,933

$ 570

$ 525,456

$ 118,693

$ (126,443)

$ 1,657

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income (loss)

(82,477)

Changes in defined benefit pension plans

33,825

Change in fair value of derivative

237

Cash dividends: declared and paid

(59,523)

Shares issued for acquisition

636,000

263

635,737

Spin-off of Newspapers

(142,842)

(143,511)

2,326

(1,657)

Repurchase of Class A Common shares

(16,222)

^[1]

(8)

^[1]

(8,994)

^[1]

(7,220)

Compensation plans: net share issued

^[1]

11,799

11,786

Other

253

Balance (Originally Reported) at Dec. 31, 2015

900,983

838

1,163,985

(174,038)

(89,802)

Balance (Adjustment) at Dec. 31, 2015

14,750

(58)

14,808

Balance (As Adjusted)

915,733

838

1,163,927

(159,230)

(89,802)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income (loss)

67,235

Changes in defined benefit pension plans

(3,936)

Change in fair value of derivative

242

Repurchase of Class A Common shares

(44,401)

^[1]

(27)

(42,292)

(2,082)

Compensation plans: net share issued

^[1]

10,913

10,905

Other

149

Balance at Dec. 31, 2016

945,935

819

1,132,540

(94,077)

(93,347)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Minority interest contribution to subsidiary

2,143

Net income (loss)

(14,617)

(13,106)

(1,511)

Changes in defined benefit pension plans

10,150

Change in fair value of derivative

Repurchase of Class A Common shares

(17,885)

(10)

(15,627)

(2,248)

Compensation plans: net share issued

^[1]

12,114

12,107

Reclassification of disproportionate tax effects from AOCL

(19,370)

19,370

(19,370)

Other

(355)

Balance at Dec. 31, 2017

$ 937,485

$ 816

$ 1,129,020

$ (90,061)

$ (102,922)

$ 632

[1]	* Net of tax payments related to shares withheld for vested stock and RSUs of $4,576 in 2017, $2,681 in 2016 and $5,237 in 2015.

Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Stockholders' Equity [Abstract]
Shares issued on compensation plan	661,256	867,196	1,313,313
Repurchase of Class A Common shares	1,004,451	2,711,865	839,859
Shares issued for acquisition	0	0	26,350,993
Common Stock, Dividends, Per Share, Declared	$ 0	$ 0	$ 1.03
Cash dividends per share of common stock (USD per share)	$ 0	$ 0	$ 1.03
Tax payments related to shares withheld for vested stock and RSUs	$ 4,576	$ 2,681	$ 5,237

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

As used in the Notes to Consolidated Financial Statements, the terms “Scripps,” “Company,” “we,” “our,” or “us” may, depending on the context, refer to The E.W. Scripps Company, to one or more of its consolidated subsidiary companies or to all of them taken as a whole.

Nature of Operations — We are a diverse media enterprise, serving audiences and businesses through a portfolio of local and national media brands. All of our media businesses provide content and advertising services via digital platforms, including the Internet, smartphones and tablets. Our media businesses are organized into the following reportable business segments: Local Media, National Media and Other.

On April 1, 2015, we distributed our newspaper business to our shareholders in a tax-free spin-off. In the fourth quarter of 2017, we began the process to divest our radio business. As of December 31, 2017, we have classified the radio segment as held for sale in our Consolidated Balance Sheets and reported its results as discontinued operations in our Consolidated Statement of Operations. For additional information on the spin-off of our newspaper business and our radio business classified as held for sale, see Note 21.

Concentration Risks — Our operations are geographically dispersed and we have a diverse customer base. We believe bad debt losses resulting from default by a single customer, or defaults by customers in any depressed region or business sector, would not have a material effect on our financial position, results of operations or cash flows.

We derive approximately

65% of our operating revenues from marketing services, including advertising. Changes in the demand for such services, both nationally and in individual markets, can affect operating results.

Use of Estimates — Preparing financial statements in accordance with accounting principles generally accepted in the United States of America requires us to make a variety of decisions that affect the reported amounts and the related disclosures. Such decisions include the selection of accounting principles that reflect the economic substance of the underlying transactions and the assumptions on which to base accounting estimates. In reaching such decisions, we apply judgment based on our understanding and analysis of the relevant circumstances, including our historical experience, actuarial studies and other assumptions.

Our financial statements include estimates and assumptions used in accounting for our defined benefit pension plans; the periods over which long-lived assets are depreciated or amortized; the fair value of long-lived assets, goodwill and indefinite lived assets; the liability for uncertain tax positions and valuation allowances against deferred income tax assets; the fair value of assets acquired and liabilities assumed in business combinations; and self-insured risks.

While we re-evaluate our estimates and assumptions on an ongoing basis, actual results could differ from those estimated at the time of preparation of the financial statements.

Consolidation — The consolidated financial statements include the accounts of The E.W. Scripps Company and its majority-owned subsidiary companies. Investments in 20%-to-50%-owned companies where we exert significant influence and all 50%-or-less-owned partnerships and limited liability companies are accounted for using the equity method. We do not hold any interests in variable interest entities. All significant intercompany transactions have been eliminated.

Revenue Recognition — We recognize revenue when persuasive evidence of a sales arrangement exists, delivery occurs or services are rendered, the sales price is fixed or determinable and collectability is reasonably assured. When a sales arrangement contains multiple elements, such as the sale of advertising and other services, we allocate revenue to each element based upon its relative fair value. We report revenue net of sales and other taxes collected from our customers.

Our primary sources of revenue are from the sale of media advertising, as well as retransmission and carriage fees received from cable operators and satellite carriers.

Revenue recognition policies for each source of revenue are outlined below.

Advertising — Broadcast and digital advertising revenue is recognized, net of agency commissions, when we air the advertisements.

Television advertising arrangements may guarantee the advertiser a minimum audience. We provide the advertiser with additional advertising time if we do not deliver the guaranteed audience size. We recognize broadcast advertising revenue as the guaranteed minimum audience is delivered.

Retransmission and carriage — Our local television stations derive revenues from cable operators and satellite carriers for the retransmission of our broadcast signal based on the number of subscribers in our market. Our Newsy cable network receives carriage fees from cable operators for the right to distribute its programming based on the number of subscribers and contracted programming rates. We recognize retransmission and carriage revenues based on the contractual terms and rates.

Other revenues — We derive revenues from sponsorships and community events through our Local Media segment. Our National Media segment offers subscription services for access to premium content to its consumers. Our podcast business acts as a sales and marketing representative and earns commissions for its work.

Cash Equivalents — Cash equivalents represent highly liquid investments with maturity of less than three months when acquired.

Trade Receivables — We extend credit to customers based upon our assessment of the customer’s financial condition. Collateral is generally not required from customers. We base allowances for credit losses upon trends, economic conditions, review of aging categories, specific identification of customers at risk of default and historical experience. We require advance payment from political advertisers.

A rollforward of the allowance for doubtful accounts is as follows:



(in thousands)

January 1, 2015	$	1,390
Charged to costs and expenses	1,322
Amounts charged off, net	(1,195		)
Balance as of December 31, 2015	1,517
Charged to costs and expenses	1,601
Amounts charged off, net	(1,628		)
Balance as of December 31, 2016	1,490
Charged to costs and expenses	1,407
Amounts charged off, net	(948		)
Balance as of December 31, 2017	$	1,949

Investments — From time to time, we make investments in private companies. Investment securities can be impacted by various market risks, including interest rate risk, credit risk and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term. Such changes could materially affect the amounts reported in our financial statements.

We record investments in private companies not accounted for under the equity method at cost, net of impairment write-downs, because no readily determinable market price is available.

We regularly review our investments to determine if there has been any other-than-temporary decline in value. These reviews require management judgments that often include estimating the outcome of future events and determining whether factors exist that indicate impairment has occurred. We evaluate, among other factors, the extent to which cost exceeds fair value; the duration of the decline in fair value below cost; and the current cash position, earnings and cash forecasts and near term prospects of the investee. We reduce the cost basis when a decline in fair value below cost is determined to be other than temporary, with the resulting adjustment charged against earnings.

Network Launch Incentives — We may incur cash payments to cable and satellite operators for the initial long-term distribution agreements ("network launch incentives"). These fees are amortized over the life of the contract as expense in relation to a ratio of the periods revenue to the estimated total revenues over the term of the respective contract.

Property and Equipment — Property and equipment is carried at cost less depreciation. We compute depreciation using the straight-line method over estimated useful lives as follows:



Buildings and improvements	15 to 45 years
Leasehold improvements	Shorter of term of lease or useful life
Broadcast transmission towers and related equipment	15 to 35 years
Other broadcast and program production equipment	3 to 15 years
Computer hardware	3 to 5 years
Office and other equipment	3 to 10 years

Programming — Programming includes the cost of national television network programming, programming produced by us or for us by independent production companies and programs licensed under agreements with independent producers.

Our network affiliation agreements require the payment of affiliation fees to the network. Network affiliation fees consist of pre-determined fixed fees in all cases and variable payments based on a share of retransmission revenues above the fixed fees for some of our agreements.

Program licenses principally consist of television series and films. Program licenses generally have fixed terms, limit the number of times we can air the programs and require payments over the terms of the licenses. We record licensed program assets and liabilities when the license period has commenced and the programs are available for broadcast. We do not discount program licenses for imputed interest. We amortize program licenses based upon expected cash flows over the term of the license agreement or on a straight line basis. We classify the portion of the unamortized balance expected to be amortized within one year as a current asset.

The costs of programming produced by us or for us by independent production companies are expensed over the course of the television season. Internal costs, including employee compensation and benefits, to produce daily or live broadcast shows, such as news, sports or daily magazine shows, are expensed as incurred and are not classified in our Consolidated Statements of Operations as program costs, but are classified based on the type of cost incurred.

We review the net realizable value of programs and program licenses for impairment using a day-part methodology if the programming is for our local broadcast stations, whereby programs broadcast during a particular time period, such as prime time, are evaluated on an aggregate basis. Programming for our over-the-air broadcast network is reviewed for impairment using the individual network methodology.

Program rights liabilities payable within the next twelve months are included as current liabilities and noncurrent program rights liabilities are included in other noncurrent liabilities.

Goodwill and Other Indefinite-Lived Intangible Assets — Goodwill represents the cost of acquisitions in excess of the acquired businesses’ tangible assets and identifiable intangible assets.

FCC licenses represent the value assigned to the broadcast licenses of acquired broadcast television stations. Broadcast television stations are subject to the jurisdiction of the Federal Communications Commission (“FCC”) which prohibits the operation of stations except in accordance with an FCC license. FCC licenses stipulate each station’s operating parameters as defined by channels, effective radiated power and antenna height. FCC licenses are granted for a term of up to eight years, and are renewable upon request. We have never had a renewal request denied and all previous renewals have been for the maximum term.

We do not amortize goodwill or our FCC licenses, but we review them for impairment at least annually or any time events occur or conditions change that would indicate it is more likely than not the fair value of a reporting unit is below its carrying value. We perform our annual impairment review during the fourth quarter of each year in conjunction with our annual planning cycle. We also assess, at least annually, whether our FCC licenses, classified as indefinite-lived intangible assets, continue to have indefinite lives.

We review goodwill for impairment based upon our reporting units, which are defined as operating segments or groupings of businesses one level below the operating segment level. Reporting units with similar economic characteristics are aggregated into a single unit when testing goodwill for impairment. Our reporting units are our Local Media group, Katz, Midroll and Newsy. As a result of our new segment structure, we considered if there was any goodwill impairment immediately prior to the realignment and determined that there was no impairment.

Amortizable Intangible Assets — Television network affiliations represents the value assigned to an acquired broadcast television station’s relationship with a national television network. Television stations affiliated with national television networks typically have greater profit margins than independent television stations, primarily due to audience recognition of the television station as a network affiliate. We amortize these network affiliation relationships on a straight-line basis over estimated useful lives of 20 years.

We amortize customer lists and other intangible assets in relation to their expected future cash flows over estimated useful lives of up to 20 years.

Impairment of Long-Lived Assets — We review long-lived assets (primarily property and equipment and amortizable intangible assets) for impairment whenever events or circumstances indicate the carrying amounts of the assets may not be recoverable. Recoverability is determined by comparing the aggregate forecasted undiscounted cash flows derived from the operation of the assets to the carrying amount of the assets. If the aggregate undiscounted cash flow is less than the carrying amount of the assets, then amortizable intangible assets are written down first, followed by other long-lived assets, to fair value. We determine fair value based on discounted cash flows or appraisals. We report long-lived assets to be disposed of at the lower of carrying amount or fair value less costs to sell.

Self-Insured Risks — We are self-insured, up to certain limits, for general and automobile liability, employee health, disability and workers’ compensation claims and certain other risks. Estimated liabilities for unpaid claims totaled $9.8 million and $10.6 million at December 31, 2017 and 2016, respectively. We estimate liabilities for unpaid claims using actuarial methodologies and our historical claims experience. While we re-evaluate our assumptions and review our claims experience on an ongoing basis, actual claims paid could vary significantly from estimated claims, which would require adjustments to expense. Based on the terms of the Master Transaction Agreement from the Journal transactions, Scripps remains the primary obligor for newspaper insurance claims incurred prior to April 1, 2015. We recorded the liabilities related to these claims on our Consolidated Balance Sheets with an offsetting receivable of $1.7 million, which will be paid by Journal Media Group.

Income Taxes — We recognize deferred income taxes for temporary differences between the tax basis and reported amounts of assets and liabilities that will result in taxable or deductible amounts in future years. We establish a valuation allowance if we believe that it is more likely than not that we will not realize some or all of the deferred tax assets.

We record a liability for unrecognized tax benefits resulting from uncertain tax positions taken or that we expect to take in a tax return. Interest and penalties associated with such tax positions are included in the tax provision. The liability for additional taxes and interest is included in other liabilities in the Consolidated Balance Sheets.

Risk Management Contracts — We do not hold derivative financial instruments for trading or speculative purposes and we do not hold leveraged contracts. From time to time, we may use derivative financial instruments to limit the impact of interest rate fluctuations on our earnings and cash flows.

Stock-Based Compensation — We have a Long-Term Incentive Plan (the “Plan”) which is described more fully in Note 17. The Plan provides for the award of incentive and nonqualified stock options, stock appreciation rights, restricted stock units (RSUs) and unrestricted Class A Common shares and performance units to key employees and non-employee directors.

We recognize compensation cost based on the grant-date fair value of the award. We determine the fair value of awards that grant the employee the underlying shares by the fair value of a Class A Common share on the date of the award.

Certain awards of RSUs have performance conditions under which the number of shares granted is determined by the extent to which such performance conditions are met (“Performance Shares”). Compensation costs for such awards are measured by the grant-date fair value of a Class A Common share and the number of shares earned. In periods prior to completion of the performance period, compensation costs are based upon estimates of the number of shares that will be earned.

Compensation costs are recognized on a straight-line basis over the requisite service period of the award. The impact of forfeitures are recognized as they occur. The requisite service period is generally the vesting period stated in the award. Grants to retirement-eligible employees are expensed immediately and grants to employees who will become retirement eligible prior to the end of the stated vesting period are expensed over such shorter period because stock compensation grants vest upon the retirement of the employee.

Earnings Per Share (“EPS”) — Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our RSUs, are considered participating securities for purposes of calculating EPS. Under the two-class method, we allocate a portion of net income to these participating securities and therefore exclude that income from the calculation of EPS for common stock. We do not allocate losses to the participating securities.

The following table presents information about basic and diluted weighted-average shares outstanding:



	For the years ended December 31,
(in thousands)	2017			2016			2015

Numerator (for basic and diluted earnings per share)
Net income (loss) from continuing operations	$	(12,022	)	$	59,922		$	(73,872	)
Loss attributable to noncontrolling interest	1,511			—			—
Income allocated to RSUs	—			(817		)	—
Numerator for basic and diluted earnings per share from continuing operations attributable to the shareholders of The E.W. Scripps Company	$	(10,511	)	$	59,105		$	(73,872	)
Denominator
Basic weighted-average shares outstanding	82,052			83,339			77,373
Effect of dilutive securities:
Stock options held by employees and directors	—			300			—
Diluted weighted-average shares outstanding	82,052			83,639			77,373
Anti-dilutive securities⁽¹⁾	1,220			—			1,907


⁽¹⁾	Amount outstanding at balance sheet date, before application of the treasury stock method and not weighted for period outstanding.

For the years ended December 31, 2017 and 2015, we incurred a net loss and the inclusion of RSUs and stock options would have been anti-dilutive, and accordingly the diluted EPS calculation for the period excludes those common share equivalents.

Recently Adopted Standards and Issued Accounting Standards	12 Months Ended
	Dec. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Adopted Standards and Issued Accounting Standards	Recently Adopted and Issued Accounting Standards Recently Adopted Accounting Standards — In March 2017, the Financial Accounting Standards Board (FASB) issued new guidance on the presentation of net periodic benefit cost in the statement of operations. It requires entities to disaggregate the current service cost component from the other components of net benefit cost. The service cost is presented with other current compensation costs in the statement of operations, while the other components are presented outside of income from operations. We elected to retrospectively adopt this guidance as of January 1, 2017. We do not have any service cost associated with our net benefit cost, as such, the impact of adopting this new guidance was to reclassify our defined benefit pension plan expense out of operating costs and expenses and to classify it as a non-operating expense below operating income. In January 2017, the FASB issued new guidance to simplify the measurement of goodwill impairments by eliminating Step 2 from the impairment test, which requires a hypothetical purchase price allocation to measure the amount of impairment loss. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to the reporting unit. We have elected to adopt this guidance as of January 1, 2017. In March 2016, the FASB issued new guidance which simplifies the accounting for share-based compensation arrangements, including the related income tax consequences and classification in the statement of cash flows. We elected to adopt this guidance effective January 1, 2016. The adoption used the modified retrospective transition method which had no impact on prior years. The impact of adopting this guidance was to record $14.7 million of previously unrecognized tax benefits, increasing deferred tax assets and retained earnings as of December 31, 2015. In January 2017, the FASB issued new guidance to clarify the definition of a business for acquisitions, with the intent to make application of the guidance more consistent and cost-efficient. We elected to adopt this guidance as of June 30, 2017, for acquisitions subsequent to our adoption date. We do not expect the adoption of this guidance to affect the treatment of future acquisitions or dispositions. In February 2018, the FASB issued new guidance that permits companies to reclassify the disproportionate tax effect in accumulated other comprehensive income ("AOCI") caused by the Tax Cuts and Jobs Act of 2017. We have adopted this guidance as of December 31, 2017. The impact of the adoption was to reclassify $19.4 million of tax effects related to our defined benefits plans from AOCI to retained earnings. Recently Issued Accounting Standards — In August 2016, the FASB issued new guidance related to classification of certain cash receipts and payments in the statement of cash flows. This new guidance was issued with the objective of reducing diversity in practice around eight specific types of cash flows. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. We are currently evaluating the impact of this guidance on our consolidated statements of cash flows. In June 2016, the FASB issued new guidance that changes the impairment model for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, entities will be required to use a new forward-looking “expected loss” model that will replace today’s “incurred loss” model and generally will result in the earlier recognition of allowances for losses. For available-for-sale debt securities with unrealized losses, entities will measure credit losses in a manner similar to current practice, except that the losses will be recognized as an allowance. The guidance is effective in 2020 with early adoption permitted in 2019. We are currently evaluating the impact of this guidance on our consolidated financial statements and the timing of adoption. In February 2016, the FASB issued new guidance on the accounting for leases. Under this guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases (with the exception of short-term leases) at the commencement date. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. We are currently evaluating the impact of this guidance on our consolidated financial statements. In January 2016, the FASB issued new guidance on the recognition and measurement of financial instruments. This guidance primarily affects the accounting for equity method investments, financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. We are currently evaluating the impact of this guidance on our consolidated financial statements. In May 2014, the FASB issued new guidance on revenue recognition. Under this standard, an entity shall recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard creates a five-step process that requires entities to exercise judgment when considering the terms of the contract(s) and all relevant facts and circumstances. This standard permits the use of either the retrospective or cumulative effect transition method and will be effective for us beginning in 2018. We are finalizing our assessment of the impact this new guidance will have on our consolidated financial statements. We expect to retrospectively apply this guidance. We do not expect that the adoption of this guidance will impact the timing of our revenue recognition. We do expect to have no more than $20 million of additional revenues in prior years from the impact of recording some revenue transactions on a gross basis that were previously recorded on a net basis. We expect that the adoption of the new standard will also require expanded footnote disclosure.

Acquisitions

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Acquisitions

Katz

On October 2, 2017 we acquired the Katz networks for $292 million, which is net of a 5.33% non controlling interest we owned prior to the acquisition date. Katz owns and operates four national television networks — Bounce, Grit, Escape and Laff. The acquisition was funded through the issuance of a new Term Loan B. Katz is included as part of our National Media segment.

Pending the finalization of asset valuations, the following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed:



(in thousands)

Assets:
Cash	$	21,372
Accounts receivable	44,306
Current portion of programs and program licenses	47,120
Intangible assets	32,300
Goodwill	209,572
Programs and program licenses (less current portion)	74,998
Other assets	1,395
Total assets acquired	431,063
Accounts payable and accrued liabilities	29,339
Current portion of program rights payable	46,376
Program rights payable (less current portion)	53,036
Net purchase price	$	302,312

Of the $32 million allocated to intangible assets, $8 million was assigned to trade names with a life of 10 years and $24 million was assigned to advertiser relationships with a life of 5 years.

The goodwill of $210 million arises from being able to enter into the market for established over-the-air networks. The goodwill was allocated to our National Media segment. We treated the transaction as an asset acquisition for income tax purposes with a step-up in the assets acquired. The goodwill is deductible for income tax purposes.

From the acquisition date of October 2, 2017 through December 31, 2017, revenues from the Katz operations were $41 million.

Prior to the acquisition of Katz, we owned a 5.33% noncontrolling interest of the company. Upon obtaining a controlling interest in Katz, we recorded a $5.4 million gain from the fair value remeasurement of our 5.33% interest. This gain is included in Miscellaneous, net in our Consolidated Statement of Operations.

Stitcher

On June 6, 2016, we completed the acquisition of Stitcher for a cash purchase price of $4.5 million. Stitcher is a popular podcast listening service which facilitates discovery and streaming for more than 65,000 podcasts. Stitcher now operates as part of Midroll Media, which significantly broadens Midroll's consumer base and technological capabilities. Of the $4.5 million purchase price, $2.9 million was allocated to intangible assets, the majority of which was technological software with an estimated amortization period of 3 years. The remainder of the purchase price was allocated to goodwill.

Cracked

On April 12, 2016, we acquired the multi-platform humor and satire brand Cracked, which informs and entertains millennial audiences with a website, social media and a popular podcast. The purchase price was $39 million in cash.

The final fair values of the assets acquired were $9.6 million of intangibles and $29.4 million of goodwill. Of the $9.6 million allocated to intangible assets, $7.6 million was for trade names with an estimated amortization period of 20 years. The remaining balance of $2.0 million was allocated to content library with an estimated amortization period of 3 years.

The goodwill of $29 million arising from the transaction consists largely of the benefit we derive from being able to expand our presence and digital brands on the web, in over-the-top video and audio and on other emerging platforms. We allocated the goodwill to our National Media segment. We treated the transaction as an asset acquisition for income tax purposes with a step-up in the assets acquired. The goodwill is deductible for income tax purposes.

From the acquisition date of April 12, 2016 through December 31, 2016, revenues from the Cracked operations were $4.0 million.

Midroll Media

On July 22, 2015, we acquired Midroll Media, a company that creates original podcasts and operates a network that currently generates advertising revenue for more than 300 podcast shows. The purchase price was $50 million in cash, plus a $10 million earnout payable over three years. We estimated the fair value of the earnout to be $7 million.

The following table summarizes the final fair values of the assets acquired and the liabilities assumed:



(in thousands)

Assets:
Cash	$	635
Accounts receivable	2,925
Other assets	482
Intangible assets	10,700
Goodwill	45,586
Total assets acquired	60,328
Current liabilities	3,365
Net purchase price	$	56,963

Of the $11 million allocated to intangible assets, $7 million was allocated to advertiser relationships with an estimated amortization period of 5 years and the balance of $4 million was allocated to various other intangible assets.

The goodwill of $46 million arising from the transaction consists largely of the benefit we derive from being able to enter the podcast market with an established business. We allocated the goodwill to our National Media segment. We treated the transaction as an asset acquisition for income tax purposes with a step-up in the assets acquired. The goodwill is deductible for income tax purposes.

Journal Communications Broadcast Group

On April 1, 2015, we acquired the broadcast group owned by Journal Communications, Inc. ("Journal") as part of the transactions described in Note 21. The businesses acquired included 12 television stations and 34 radio stations. We issued 26.4 million Class A Common shares to the Journal shareholders in exchange for their interest in Journal for a purchase price of $636 million. The fair value of the shares issued was determined on the basis of the closing market price of our Class A Common shares on April 1, 2015, the acquisition date.

The following table summarizes the final fair values of the assets acquired and the liabilities assumed:



(in thousands)

Assets:
Cash	$	2,529
Accounts receivable	47,978
Other current assets	2,236
Property and equipment	123,264
Intangible assets	294,800
Goodwill	456,440
Other long-term assets	6,350
Assets held for sale	14,500
Total assets acquired	948,097
Accounts payable and accrued liabilities	38,107
Employee benefit obligations	85,261
Deferred tax liability	57,112
Long-term debt	126,873
Other long-term liabilities	4,744
Net purchase price	$	636,000

Of the $295 million allocated to intangible assets, $112 million was for FCC licenses which we determined to have an indefinite life and, therefore, are not amortized. The remaining balance of $183 million was allocated to television network affiliation relationships and advertiser relationships with estimated amortization periods of 10 to 20 years.

The goodwill of $456 million arising from the transaction consists largely of synergies and economies of scale and other benefits of a larger broadcast footprint. The goodwill was allocated to our Local Media ($415 million) and radio ($41 million) segments. We treated the transaction as a stock acquisition for income tax purposes resulting in no step-up in the assets acquired. The goodwill is not deductible for income tax purposes.

Concurrent with the acquisition of the Journal television stations, due to FCC conflict ownership rules, Journal was required to dispose of KNIN, the Fox affiliate located in Boise, ID. The station was placed in a divestiture trust for our benefit and was sold on October 1, 2015 for $14.5 million. The sale did not result in a gain or loss.

Pro forma results of operations

Pro forma results of operations are presented in the following table. For 2017 and 2016, the results assume that the Katz acquisition had taken place at the beginning of 2016. For 2015, the results assume that the Journal transaction had taken place at the beginning of 2014. The 2015 pro forma information does not include any results for Katz. The pro forma results do not include Cracked, Stitcher or Midroll as the impact of these acquisitions, individually or in the aggregate, are not material to prior year results of operations. The pro forma information includes the historical results of operations of the acquired operations and adjustments for additional depreciation and amortization of the assets acquired, additional interest expense related to the financing of the transaction and reflecting the transaction costs incurred in 2015 as if they were incurred in 2014. The weighted average shares utilized in calculating the earnings per share for 2015 assumes that the shares issued to the Journal shareholders were issued on January 1, 2014. The pro forma information does not include efficiencies, cost reductions or synergies expected to result from the acquisition. The unaudited pro forma financial information is not necessarily indicative of the results that actually would have occurred had the acquisition been completed at the beginning of the period.



	For the years ended December 31,
(in thousands, except per share data) (unaudited)	2017			2016		2015

Operating revenues	$	978,303		$	997,759	$	778,118
Income (loss) from continuing operations	(12,477		)	55,506		(37,452		)
Income (loss) per share from continuing operations attributable to the shareholders of The E.W. Scripps Company
Basic	$	(0.13	)	$	0.66	$	(0.45	)
Diluted	(0.13		)	0.65		(0.45		)

Asset Write-Downs and Other Charges and Credits	12 Months Ended
Asset Write-Downs and Other Charges and Credits	Dec. 31, 2017
Asset Write-Downs and Other Charges and Credits [Abstract]
Asset Write-Downs and Other Charges and Credits	Asset Write-Downs and Other Charges and Credits Income (loss) from continuing operations before income taxes was affected by the following: 2017 — In the second quarter, we sold our newspaper syndication business, resulting in a gain of $3.0 million. Restructuring includes $3.5 million of severance associated with a change in senior management and employees, as well as outside consulting fees associated with changes in our management and operating structure. There was $3.2 million gain recorded for a reduction to the Midroll earn out accrual. In the third quarter of 2017, we recorded a $29 million non-cash charge to reduce the carrying value of goodwill and $6.3 million to reduce the value of intangible assets related to Cracked. For more information around the impairment of goodwill and intangibles, see Note 9. We recognized a $5.4 million gain on our investment in Katz when we completed the acquisition in the fourth quarter. 2016 — Acquisition and related integration costs of $0.6 million include costs for spinning off our newspaper operations and costs associated with acquisitions, such as legal and accounting fees, as well as costs to integrate acquired operations. 2015 — Acquisition and related integration costs of $38 million are costs incurred for the Journal transactions and other acquisitions, such as investment banking, legal and accounting fees, as well as costs to integrate the acquired operations. We recorded a $24.6 million non-cash charge to reduce the carrying value of our goodwill and certain intangible assets of Newsy and a smaller business. For additional information around the impairment of goodwill and intangibles, see Note 9.

Income Taxes

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

We file a consolidated federal income tax return, consolidated unitary returns in certain states, and other separate state income tax returns for certain of our subsidiary companies.

The provision for income taxes from continuing operations consisted of the following:



	For the years ended December 31,
(in thousands)	2017			2016			2015

Current:
Federal	$	215		$	904		$	279
State and local	(963		)	(1,628		)	(3,588		)
Total current income tax provision	(748		)	(724		)	(3,309		)
Deferred:
Federal	(16,602		)	31,029			(30,546		)
State and local	(2,704		)	2,961			(4,029		)
Total deferred income tax provision	(19,306		)	33,990			(34,575		)
Provision (benefit) for income taxes	$	(20,054	)	$	33,266		$	(37,884	)

The difference between the statutory rate for federal income tax and the effective income tax rate was as follows:



	For the years ended December 31,
	2017		2016		2015

Statutory rate	35.0	%	35.0	%	35.0	%
Effect of:
State and local income taxes, net of federal tax benefit	2.2		3.0		3.5
Excess tax benefits from stock-based compensation	7.1		(1.8	)	—
Nondeductible expenses	(4.6	)	1.4		(1.7	)
Reserve for uncertain tax positions	3.6		(0.8	)	2.2
Nondeductible goodwill impairment	—		—		(6.8	)
U.S. federal statutory rate change	13.2		—		—
Other	6.0		(1.1	)	1.7
Effective income tax rate	62.5	%	35.7	%	33.9	%

Nondeductible expenses in 2015 include amounts for transaction costs related to the Journal transactions.

The approximate effect of the temporary differences giving rise to deferred income tax assets (liabilities) were as follows:



	As of December 31,
(in thousands)	2017			2016

Temporary differences:
Property and equipment	$	(14,493	)	$	(27,049	)
Goodwill and other intangible assets	(52,532		)	(79,610		)
Investments, primarily gains and losses not yet recognized for tax purposes	2,792			5,180
Accrued expenses not deductible until paid	7,136			8,700
Deferred compensation and retiree benefits not deductible until paid	61,070			96,910
Other temporary differences, net	3,267			3,835
Total temporary differences	7,240			7,966
Federal and state net operating loss carryforwards	15,455			9,597
Valuation allowance for state deferred tax assets	(2,619		)	(955		)
Net deferred tax asset (liability)	$	20,076		$	16,608

Total federal operating loss carryforwards were $24 million and state operating loss carryforwards were $257 million at December 31, 2017. Our state tax loss carryforwards expire through 2037. Because we file separate state income tax returns for certain of our subsidiary companies, we are not able to use state tax losses of a subsidiary company to offset state taxable income of another subsidiary company.

Deferred tax assets totaled $20 million at December 31, 2017. Management believes that it is more likely than not that we will realize the benefits of our federal deferred tax assets and therefore have not recorded a valuation allowance. The deferred tax asset includes the tax effect of state net operating loss carryforwards. We recognize state net operating loss carryforwards as deferred tax assets, subject to valuation allowances. At each balance sheet date, we estimate the amount of carryforwards that are not expected to be used prior to expiration of the carryforward period. The tax effect of the carryforwards that are not expected to be used prior to their expiration is included in the valuation allowance.

On December 22, 2017, the U.S. government enacted comprehensive tax legislation referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act significantly revises the future ongoing U.S. corporate income tax by, among other things, lowering U.S. corporate income tax rates.

The reduction of the U.S. corporate tax rate caused the company to adjust its federal deferred tax assets and liabilities to the lower base rate of 21%. The change in the rate resulted in a provisional estimated benefit of $4.2 million for the year ended December 31, 2017. This amount includes the benefit related to the rate change on the deferred tax liabilities included in the radio net assets that are classified as held for sale (see Note 21) as such benefit is required by GAAP to be included in income taxes from continuing operations.

The changes included in the Tax Act are broad and complex. The final transition impacts of the Tax Act may differ from the above estimate, possibly materially, due to, among other things, changes in interpretations of the Tax Act, any legislative action to address questions that arise because of the Tax Act, any changes in accounting standards for income taxes or related interpretations in response to the Tax Act, or any updates or changes to estimates the company has utilized to calculate the transition impacts, including impacts from changes to current year taxable earnings estimates. The Securities Exchange Commission has issued rules that would allow for a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impacts.

During 2015, deferred tax assets relating to employee share-based compensation from the vesting of RSUs and the exercise of stock options had not been recognized since we were in a net tax loss position in that year. The additional tax benefits were reflected as net operating loss carryforwards when we filed our tax returns, but the additional tax benefits were not recorded under GAAP until the tax deduction reduced taxes payable. The amount of unrecognized tax deductions for the years ended December 31, 2015 was approximately $16 million. Effective January 1, 2016, we adopted new accounting guidance that allows us to recognize the benefits when deductible for tax purposes.

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:



	For the years ended December 31,
(in thousands)	2017			2016			2015

Gross unrecognized tax benefits at beginning of year	$	2,665		$	5,011		$	7,024
Increases in tax positions for prior years	16			22			859
Decreases in tax positions for prior years	(390		)	(1,684		)	(96		)
Increases in tax positions for current years	—			336			—
Decreases in tax positions for current years	(54		)	—			—
Decreases from lapse in statute of limitations	(1,149		)	(1,020		)	(2,776		)
Gross unrecognized tax benefits at end of year	$	1,088		$	2,665		$	5,011

The total amount of net unrecognized tax benefits that, if recognized, would affect the effective tax rate was $0.4 million at December 31, 2017. We accrue interest and penalties related to unrecognized tax benefits in our provision for income taxes. At December 31, 2017 and 2016, we had accrued interest related to unrecognized tax benefits of $0.4 million.

We file income tax returns in the U.S. and in various state and local jurisdictions. We are routinely examined by tax authorities in these jurisdictions. At December 31, 2017, we are no longer subject to federal income tax examinations for years prior to 2014. For state and local jurisdictions, we are generally no longer subject to income tax examinations for years prior to 2013.

In 2017, 2016 and 2015 we recognized $1.1 million, $0.9 million and $2.5 million, respectively, of previously unrecognized net tax benefits primarily due to the lapse of the statute of limitations in certain tax jurisdictions.

Due to the potential for resolution of federal and state examinations, and the expiration of various statutes of limitation, it is reasonably possible that our gross unrecognized tax benefits balance may change within the next twelve months by as much as $0.2 million.

Restricted Cash	12 Months Ended
Restricted Cash	Dec. 31, 2017
Cash and Cash Equivalents [Abstract]
Restricted Cash	Restricted Cash At December 31, 2017 and 2016, our cash and cash equivalents included $5.1 million and $5.5 million, respectively, held in a restricted cash account on deposit with our insurance carrier. This account serves as collateral, in place of an irrevocable stand-by letter of credit, to provide financial assurance that we will fulfill our obligations with respect to cash requirements associated with our workers' compensation self-insurance. This cash is to remain on deposit with the carrier until all claims have been paid or we provide a letter of credit in lieu of the cash deposit.