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Document and Entity Information (USD $)
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12 Months Ended | |||
|---|---|---|---|---|
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Dec. 31, 2011
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Jun. 30, 2011
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Feb. 15, 2012
Common stock, Class A
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Feb. 15, 2012
Voting Common stock
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| Entity Registrant Name | SCRIPPS E W CO /DE | |||
| Entity Central Index Key | 0000832428 | |||
| Document Type | 10-K | |||
| Document Period End Date | Dec. 31, 2011 | |||
| Amendment Flag | false | |||
| Document Fiscal Year Focus | 2011 | |||
| Document Fiscal Period Focus | FY | |||
| Current Fiscal Year End Date | --12-31 | |||
| Entity Well-known Seasoned Issuer | No | |||
| Entity Voluntary Filers | No | |||
| Entity Current Reporting Status | Yes | |||
| Entity Filer Category | Accelerated Filer | |||
| Entity Public Float | $ 308,560,000 | |||
| Entity Common Stock, Shares Outstanding | 42,430,375 | 11,932,735 | ||
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- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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| X | ||||||||||
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other. No definition available.
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| X | ||||||||||
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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| X | ||||||||||
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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| X | ||||||||||
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue or other forms of income in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The noncurrent portion as of the balance sheet date of the aggregate carrying amount of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after the valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed in the balance sheet. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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Consolidated Balance Sheets (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified |
Dec. 31, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Allowances for accounts and notes receivable | $ 1,885 | $ 2,789 |
| Preferred stock, par value | $ 0.01 | $ 0.01 |
| Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
| Preferred stock, shares outstanding | ||
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Common stock, Class A
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| Common stock, shares authorized | 240,000,000 | 240,000,000 |
| Common stock, shares issued | 42,353,882 | 46,403,887 |
| Common stock, shares outstanding | 42,353,882 | 46,403,887 |
| Common stock, par value | $ 0.01 | $ 0.01 |
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Voting Common stock
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| Common stock, shares authorized | 60,000,000 | 60,000,000 |
| Common stock, shares issued | 11,932,735 | 11,932,735 |
| Common stock, shares outstanding | 11,932,735 | 11,932,735 |
| X | ||||||||||
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Impairment of goodwill, indefinite and long-lived assets No definition available.
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| X | ||||||||||
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- Definition
Net depreciation, amortization, and (gains) losses No definition available.
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| X | ||||||||||
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- Definition
Newsprint and press supply expenses. No definition available.
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| X | ||||||||||
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- Definition
Program and program licensing expenses. No definition available.
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| X | ||||||||||
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- Definition
Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The gains (losses) included in results of operations resulting from the sale or disposal of property, plant and equipment, which do not qualify for treatment as discontinued operations. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount charged against earnings in the period for incurred and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Revenue from sale of subscriptions (such as subscriptions to a magazine or newspaper). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Consolidated Statements of Comprehensive Income (Loss) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
|
| Consolidated Statements of Comprehensive Income (Loss) [Abstract] | |||
| Net income (loss) | $ (15,687) | $ 130,406 | $ (209,647) |
| Changes in defined pension plans, net of tax of $9,961; $6,092 and $23,942 | (16,733) | 10,214 | 39,633 |
| Equity in investee's adjustment for pensions, net of tax of $743 | 1,324 | ||
| Other | 732 | 331 | (297) |
| Total comprehensive income (loss) | (31,688) | 140,951 | (168,987) |
| Less comprehensive loss attributable to noncontrolling interest | (150) | (103) | (42) |
| Total comprehensive income (loss) attributable to the shareholders of The E.W. Scripps Company | $ (31,538) | $ 141,054 | $ (168,945) |
| X | ||||||||||
|
- Definition
Equity in investee's adjustment for pensions, net of tax of $743 No definition available.
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests, if any. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) in accumulated comprehensive income during the period related to pension and other postretirement benefit plans, after tax. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in other comprehensive income during the reporting period, net of tax, for an item that is not separately disclosed. No definition available.
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
|
| Consolidated Statements of Comprehensive Income (Loss) [Abstract] | |||
| Changes in defined pension plans, net of tax | $ 9,961 | $ 6,092 | $ 23,942 |
| Equity in investee's adjustment for pensions, net of tax | $ 743 | ||
| X | ||||||||||
|
- Definition
Equity in investee's adjustment for pensions, net of tax No definition available.
|
| X | ||||||||||
|
- Definition
Tax effects of the increase (decrease) to accumulated comprehensive income during the period related to benefit plans. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Impairment of goodwill, indefinite and long-lived assets No definition available.
|
| X | ||||||||||
|
- Definition
Pension expense, net of payments No definition available.
|
| X | ||||||||||
|
- Definition
Cash flows related to share based compensation and deferred compensation. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents cash provided by or used in the investing activities of the entity's discontinued operations during the period. This element is only used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in investing activities reflect only cash flows attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents cash provided by or used in the operating activities of the entity's discontinued operations during the period. This element is only used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in operating activities reflect only cash flows attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified equity-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-based compensation recognized in financial statements. This element reduces net cash provided by operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gains (losses) included in results of operations resulting from the sale or disposal of property, plant and equipment, which do not qualify for treatment as discontinued operations. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period of all assets and liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
the increase (decrease) in cash associated with the entity's discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) the entity's financing activities specifically EXCLUDING the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or used in financing activities. Such reporting would necessitate the entity to use the Net Cash provided by or used in Discontinued Operations, Total element provided in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) the entity's investing activities specifically EXCLUDING the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or used in investing activities. Such reporting would necessitate the entity to use the Net Cash provided by or used in Discontinued Operations, Total element provided in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) the entity's continuing operations. This element specifically EXCLUDES the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or used in operating activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities). No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for the return on capital for noncontrolled interest in the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow paid by the company to cover an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of noncontrolling interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity in investee's adjustment for pensions, net of tax of $743 No definition available.
|
| X | ||||||||||
|
- Definition
Tax benefit associated with any equity-based compensation plan other than an employee stock ownership plan (ESOP). The tax benefit results from the deduction by the entity on its tax return for an award of stock that exceeds the cumulative compensation cost for common stock or preferred stock recognized for financial reporting. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) in accumulated comprehensive income during the period related to pension and other postretirement benefit plans, after tax. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in other comprehensive income during the reporting period, net of tax, for an item that is not separately disclosed. No definition available.
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in equity as a result of a spin-off transaction (a regular or reverse spin-off) which is based on the recorded amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Consolidated Statements of Equity (Parenthetical)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
|
| Shares issued on compensation plans | 2,166,605 | 3,661,797 | 857,953 |
| Repurchase of common shares | 6,216,610 | ||
|
Common Stock
|
|||
| Shares issued on compensation plans | 2,166,605 | 3,661,797 | 857,953 |
| Repurchase of common shares | 6,216,610 | ||
|
Additional Paid-in Capital
|
|||
| Shares issued on compensation plans | 2,166,605 | 3,661,797 | 857,953 |
| Repurchase of common shares | 6,216,610 | ||
|
Retained Earnings (Accumulated Deficit)
|
|||
| Shares issued on compensation plans | 2,166,605 | 3,661,797 | |
| X | ||||||||||
|
- Definition
Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Summary of Significant Accounting Policies
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Summary of Significant Accounting Policies [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Significant Accounting Policies |
1. Summary of Significant Accounting Policies
As used in the Notes to Consolidated Financial Statements, the terms “we,” “our,” “us” or “Scripps”
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 concern with interests in television and newspaper
publishing. All of our media businesses provide content and advertising services via various
digital platforms, including the internet, mobile devices and tablets. Our media businesses are
organized into the following reportable business segments: Television, Newspapers, JOAs and
newspaper partnerships, and Syndication and other.
Basis of Presentation — Certain amounts in prior periods have been reclassified to conform to the
current period’s presentation.
Concentration Risks — We have geographically dispersed operations and 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 material effect on our financial position,
results of operations or cash flows.
We derive approximately 76% 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 — The preparation of 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; 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.
Income (loss) attributable to noncontrolling interests in subsidiary companies are included in
net income (loss) attributable to noncontrolling interest in the Consolidated Statements of
Operations.
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 print, broadcast and Internet advertising and
the sale of newspapers.
Revenue recognition policies for each source of revenue are as follows.
Advertising. Print and broadcast advertising revenue is recognized, net of agency
commissions, when we display the advertisements. Digital advertising includes time-based,
impression-based, and click-through based campaigns. We recognize digital advertising revenue from
fixed duration campaigns over the period in which the advertising appears. We recognized digital
advertising that is based upon the number of impressions delivered or the number of click-throughs
is recognized as impressions are delivered or click-throughs occur.
Advertising contracts, which generally have a term of one year or less, may provide rebates,
discounts and bonus advertisements based upon the volume of advertising purchased during the terms
of the contracts. This requires us to make
certain estimates regarding future advertising volumes. We record estimated rebates,
discounts and bonus advertisements as a reduction of revenue in the period the advertisement is
displayed.
Broadcast advertising contracts may guarantee the advertiser a minimum audience. We provide
the advertiser with additional advertising time if we do not deliver the guaranteed audience size.
If we determine we have not delivered the guaranteed audience, we record an accrual for “make-good”
advertisements as a reduction of revenue. We adjust the accrual throughout the term of the
advertising contracts.
Newspaper Subscriptions. We recognized newspaper subscription revenue upon the publication
date of the newspaper. We defer revenues from prepaid newspaper subscriptions and recognize
circulation revenue on a pro-rata basis over the term of the subscription.
We base circulation revenue for newspapers sold directly to subscribers on the retail rate. We
base circulation revenue for newspapers sold to independent newspaper distributors, which are
subject to returns, upon the wholesale rate. We estimated returns based on historical return rates
and adjust our estimates based on the actual returns.
Other Revenues. We also derive revenues from cable and satellite retransmission of
our broadcast signal and from printing/distribution other publications. We recognize
retransmission revenues based on the terms and rates. We recognized printing revenues and
third-party distribution revenue when the product is delivered in accordance with the customer’s
instructions.
Cash Equivalents and Short-term Investments — Cash-equivalents represent highly liquid
investments with an original maturity of less than three months. Short-term investments
represent excess cash invested in securities not meeting the criteria to be classified as cash
equivalents. Short-term investments are carried at cost plus accrued income, which approximates
fair value.
Inventories — Inventories are stated at the lower of cost or market. We determine the cost of
inventories using the first in, first out (“FIFO”) method.
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.
Investments — We may have investments in both public and 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 classify all other securities, except those
accounted for under the equity method, as available for sale and carry those securities at fair
value. We determine fair value using quoted market prices. We record the difference between cost
basis and fair value, net of related tax effects, in the accumulated other comprehensive income
(loss) component of equity.
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.
Property, Plant and Equipment — Property, plant and equipment, which includes internal use
software and digital site development cost, is carried at cost less depreciation. We expense costs
incurred in the preliminary project stage to develop or acquire internal use software or digital
sites as incurred. Upon completion of the preliminary project stage and upon
management authorization of the project, we capitalize costs to acquire or develop internal use
software or digital sites, which primarily include coding, designing system interfaces, and
installation and testing, if it is probable the project will be completed and the software will be
used for its intended function. We expense costs incurred after implementation, such as
maintenance and training.
We compute depreciation using the straight-line method over estimated useful lives as follows:
Programs and Program Licenses — 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 include both pre-determined fixed fees and variable payments based on
other factors. We expense fixed fee payments on a straight-line basis over the term of the
affiliation agreement. We expense variable fees as incurred.
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 programs become 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.
We review the net realizable value of programs and program licenses for impairment using a
day-part methodology, whereby programs broadcast during a particular time period (such as prime
time) are evaluated on an aggregate basis.
We classify the portion of the unamortized balance expected to be amortized within one year as
a current asset.
Program rights liabilities payable within the next twelve months are included in accounts
payable. 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 and Other indefinite-lived intangible assets, but we review them
for impairment at least annually. 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 assets classified as indefinite-lived intangible assets continue to have
indefinite lives.
We review Goodwill for impairment based upon 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 newspapers and television.
Amortizable Intangible Assets — Television network affiliation 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 to 25 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, plant 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 forecasted undiscounted cash flows of the operation to which the assets relate to
the carrying amount of the assets. If the 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 $20.7 million and $22.1 million at December 31,
2011 and 2010, 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.
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.
Newsprint and Press Supplies — Newsprint and press supplies costs include costs incurred to print
and produce our newspapers and other publications to readers. We expense these costs as incurred.
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 newsprint and 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 19. The Plan provides for the award of incentive and nonqualified stock options,
stock appreciation rights, restricted stock units (RSUs), restricted 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 Class A Common shares or 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, net of estimated forfeitures due to termination of employment or failure
to meet performance targets, are recognized on a straight-line basis over the requisite service
period of the award. 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 restricted stock and 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 2010, in the determination of dilutive securities, the inclusion of RSUs and restricted
stock as participating securities is more dilutive, and therefore, the dilutive EPS calculation
excludes them. For 2011 and 2009, we incurred a net loss and the inclusion of unvested restricted
stock, RSUs and stock options held by employees and directors were anti-dilutive, and accordingly
the diluted EPS calculation excludes those common share equivalents.
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The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Recently Adopted Standards and Issued Accounting Standards
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12 Months Ended |
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Dec. 31, 2011
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| Recently Adopted Standards and Issued Accounting Standards [Abstract] | |
| Recently Adopted Standards and Issued Accounting Standards |
2. Recently Adopted Standards and Issued Accounting Standards
Recently Adopted Accounting Standards — In October 2009, the FASB issued amendments to the
accounting and disclosure for revenue recognition. These amendments, which were effective for us
on January 1, 2011, modified the criteria for recognizing revenue in multiple element
arrangements and the scope of what constitutes a non-software deliverable. The adoption of this
standard did not have a material impact on our financial condition or results of operations.
In September 2011, the FASB issued changes to the disclosure requirements with respect to
multiemployer pension plans. These changes require additional separate disclosures for
multiemployer pension plans and multiemployer other postretirement benefit plans. The additional
disclosures are effective for our year ending December 31, 2011. The implementation of this
amended accounting guidance did not have a material impact on our consolidated financial position
and results of operations.
In June 2011, the FASB issued amendments to disclosure requirements for presentation of
comprehensive income. This guidance, effective retrospectively for the interim and annual periods
beginning on or after December 15, 2011 (early adoption is permitted), requires presentation of
total comprehensive income, the components of net income, and the components of other comprehensive
income either in a single continuous statement of comprehensive income or in two separate but
consecutive statements. The implementation of this amended accounting guidance did not have a
material impact on our consolidated financial position and results of operations.
Recently Issued Accounting Standards — In May 2011, the FASB issued amendments to disclosure
requirements for common fair value measurement. These amendments, effective for the interim and
annual periods beginning on or after December 15, 2011 (early adoption is prohibited), result in
common definition of fair value and common requirements for measurement of and disclosure
requirements between U.S. GAAP and IFRS. Consequently, the amendments change some fair value
measurement principles and disclosure requirements. The implementation of this amended
accounting guidance is not expected to have a material impact on our consolidated financial
position and results of operations.
In September 2011, the FASB issued changes to the testing of goodwill for impairment. These
changes provide an entity the option to first assess qualitative factors to determine whether the
existence of events or circumstances leads to a determination
that it is more likely than not (more than 50%) that the fair value of a reporting unit is
less than its carrying amount. Such qualitative factors may include the following: macroeconomic
conditions; industry and market considerations; cost factors; overall financial performance; and
other relevant entity-specific events. If an entity elects to perform a qualitative assessment and
determines that an impairment is more likely than not, the entity is then required to perform the
existing two-step quantitative impairment test, otherwise no further analysis is required. An
entity also may elect not to perform the qualitative assessment and, instead, go directly to the
two-step quantitative impairment test. These changes become effective for us for any goodwill
impairment test performed on January 1, 2012 or later, although early adoption is permitted. The
implementation of this amended accounting guidance is not expected to have a material impact on our
consolidated financial position and results of operations.
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The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions
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Dec. 31, 2011
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| Acquisitions |
3. Acquisitions
On October 3, 2011, we reached a definitive agreement to acquire McGraw-Hill Broadcasting
Company, Inc. (“McGraw-Hill”) for $212 million in cash, plus a working capital adjustment estimated
at $4.4 million. On December 30, 2011, we closed our acquisition of McGraw-Hill. We financed the
transaction pursuant to a credit agreement entered into
December 9, 2011. The businesses acquired
include four ABC affiliated television stations and five Azteca affiliated stations. Since the
closing date was December 30, 2011, revenue and expenses for 2011 are not significant.
Pending the finalization of third-party valuation and other items, the following table
summarizes the preliminary fair values of the assets acquired and the liabilities assumed:
Of
the $130 million allocated to intangible assets, $44 million was for
FCC licenses, which we have determined to have an indefinite life
and therefore will not be amortized. Of the remaining balance $74 million
was allocated to television network affiliation relationships with an
estimated amortization period of 20 of 25 years. The remaining
balance was allocated to advertiser relationships with an estimated
amortization period of 7 to 10 years.
The goodwill of $29 million arising from the transaction consists largely of the synergies
and economies of scale expected from the acquisition. We allocated all of the goodwill to our
television segment. We will treat the transaction as a purchase of assets for income tax purposes,
resulting in a step-up in the assets acquired. The goodwill is deductible for income tax purposes.
Pro forma results of operations, assuming the transaction had taken place at the beginning of
2010 is included in the following table. The pro forma information includes the historical results
of operations of Scripps and McGraw-Hill and adjustments for interest expense that would have been
incurred to finance the acquisition, additional depreciation and amortization of the assets
acquired and excludes the pre-acquisition transaction related expenses incurred by the acquired
companies. The pro forma information does not include efficiencies, costs reductions and 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.
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The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Discontinued Operations
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Dec. 31, 2011
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| Discontinued Operations |
4. Discontinued Operations
Sale of Licensing
On June 3, 2010, the Company and its wholly owned subsidiary, United Feature Syndicate, Inc.
(“UFS”) completed the sale of its character licensing business (“UML”) to Iconix Brand Group. The
sale also included certain intellectual property including the rights to syndicate the Peanuts and
Dilbert comic strips. The aggregate cash sale price was $175 million resulting in a pre-tax gain
of $162 million. The results of operations of UML and the gain on sale are presented as
discontinued operations in our financial statements for all periods.
Closure of Rocky Mountain News
After an unsuccessful search for a buyer, we closed the Rocky Mountain News after it published
its final edition on February 27, 2009.
Our Rocky Mountain News and Media News Group, Inc.’s (MNG) Denver Post were partners in The
Denver Newspaper Agency (the “Denver JOA”), a limited liability partnership, which operated the
sales, production and business operations of the Rocky Mountain News prior to its closure. Each
newspaper owned 50% of the Denver JOA and received a 50% share of the profits. Each newspaper
provided the Denver JOA with the independent editorial content published in its newspaper.
Under the terms of an agreement with MNG, we transferred our interests in the Denver JOA to
MNG in the third quarter of 2009. We recorded no gain or loss on the transfer of our interest in
the Denver JOA to MNG.
The results of the operations of the Rocky Mountain News and the earnings from our interest in
the Denver JOA are presented as discontinued operations in our financial statements for all
periods.
The results of businesses held for sale or that have ceased operations are presented as
discontinued operations within our results of operations. The results of operations of these
businesses are excluded from segment results for all periods presented.
Operating results of our discontinued operations were as follows:
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- Definition
The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Asset Write-Downs and Other Charges and Credits
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12 Months Ended |
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Dec. 31, 2011
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| Asset Write-Downs and Other Charges and Credits [Abstract] | |
| Asset Write-Downs and Other Charges and Credits |
5. Asset Write-Downs and Other Charges and Credits
Income (loss) from continuing operations was affected by the following:
2011 — Restructuring costs at our newspaper operations totaled $9.9 million. Restructuring costs
primarily include costs associated with a reduction-in-force and efforts to simplify and
standardize advertising and circulation systems and other processes in our newspaper division.
We incurred $2.8 million of deal-related cost for the acquisition of McGraw-Hill Broadcasting.
In the third quarter we recorded a $9 million, non-cash charge to reduce the carrying value of
long-lived assets at four of our newspapers.
2010 — Restructuring costs at our television and newspaper operations totaled $12.7 million.
2009 — Separation costs and costs to restructure our operations were $9.9 million.
In the first quarter we recorded a $215 million, non-cash charge to reduce the carrying value
of our goodwill for our Television division.
We also recorded a $1 million non-cash charge to reduce the carrying value of the FCC license
for our Lawrence, Kansas, television station.
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- Details
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- Definition
Asset Write-Downs and Other Charges and Credits No definition available.
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Income Taxes
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Dec. 31, 2011
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| Income Taxes [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes |
6. 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 consisted of the following:
The difference between the statutory rate for federal income tax and the effective income tax
rate was as follows:
We believe adequate provision has been made for all open tax years.
The approximate effect of the temporary differences giving rise to deferred income tax
(liabilities) assets were as follows:
Total state operating loss carryforwards were $241 million at December 31, 2011. Our state
tax loss carryforwards expire through 2028. 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 $39.9 million at December 31, 2011. Almost all of our deferred
tax assets reverse in 2012 and 2013. We can use any tax losses resulting from the deferred tax
assets reversing in 2012 to claim refunds of taxes paid in prior periods. Management believes that
it is more likely than not that we will realize the benefits of our Federal deferred tax assets and
therefore has not recorded a valuation allowance for our deferred tax assets. If economic
conditions worsen, future estimates of taxable income could be lower than our current estimates,
which may require valuation allowances to be recorded in future reporting periods.
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.
A reconciliation of the beginning and ending balances of the total amounts of gross
unrecognized tax benefits is as follows:
The total amount of net unrecognized tax benefits that, if recognized, would affect the
effective tax rate was $14 million at December 31, 2011. We accrue interest and penalties related
to unrecognized tax benefits in our provision for income taxes. At December 31, 2011 and 2010, we
had accrued interest related to unrecognized tax benefits of $2.4 million and $2.6 million,
respectively.
We file income tax returns in the U.S. and in various state, local and foreign jurisdictions.
We are routinely examined by tax authorities in these jurisdictions.
During 2011, we settled the examinations of our 2005 to 2009 Federal income tax returns with
the Internal Revenue Service. Our tax benefit was increased $1 million due to the realization
of previously unrecognized tax benefits.
During 2010, we settled the examinations of several state and local tax returns for periods
through 2008. Our tax provision was reduced by $14.0 million due to the realization of previously
unrecognized tax benefits for settlement of issues for state and local jurisdictions.
In 2009, we reached an agreement with the Internal Revenue Service (“IRS”) to settle the
examination of our 2005 and 2006 federal income tax returns. Our tax benefit in 2009 was increased
by $0.9 million due to the realization of previously unrecognized tax benefits.
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 $5.0 million.
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- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Joint Operating Agreements and Partnerships
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12 Months Ended |
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Dec. 31, 2011
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| Joint Operating Agreements and Partnerships [Abstract] | |
| Joint Operating Agreements and Partnerships |
7. Joint Operating Agreements and Partnerships
In connection with the February 2009 closure of the Rocky Mountain News, we transferred our
50% interest in Prairie Mountain Publishing -(“PMP”), a newspaper partnership with a subsidiary of
MNG that operated certain of both companies’ other newspapers in Colorado, to MNG. Under the terms
of the agreement we received a $5 million secured promissory note from MNG, which we have recorded
at $4.4 million, the carrying value of the assets we gave up. We recorded no gain or loss on the
transfer of our interest.
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- Definition
Joint Operating Agreements and Partnerships No definition available.
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Investments
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Dec. 31, 2011
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| Investments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments |
8. Investments
Investments consisted of the following:
Our investments do not trade in public markets, so they do not have readily determinable
fair values. We estimate the fair values of the investments to approximate their carrying values at
December 31, 2011 and 2010. There can be no assurance we would realize the carrying values of
these securities upon their sale.
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- Definition
Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Property, Plant and Equipment
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Dec. 31, 2011
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| Property, Plant and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment |
9. Property, Plant and Equipment
Property, plant and equipment consisted of the following:
In 2011, we recorded a $9 million non-cash charge to reduce the carrying value of
long-lived assets at four of our newspapers. Our estimates of cumulative undiscounted future cash
flows at these properties were not sufficient to recover the $36 million carrying value of the
assets and we wrote them down to their estimated fair value of $27 million. The measurement of the
fair value is a nonrecurring level 3 measurement (significant unobservable inputs) in the fair
value hierarchy. In determining fair value, we utilized a market approach which employs available
recent transactions for similar assets or prior transactions adjusted for changes in the market for
those assets.
Estimating undiscounted cash flows requires significant judgments and estimates. We will
continue to monitor the estimated cash flows of our newspapers properties and may incur additional
impairment charges if future cash flows are less than our current estimates.
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The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Other Intangible Assets
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Dec. 31, 2011
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| Goodwill and Other Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Other Intangible Assets |
10. Goodwill and Other Intangible Assets
Goodwill and other intangible assets consisted of the following:
Activity related to goodwill by business segment was as follows:
Due primarily to increases in the cost of capital for local media businesses and declines
in our stock price and that of other publicly traded television companies during the first quarter
of 2009, we determined that indications of impairment existed for our Television goodwill as of
March 31, 2009. We concluded the fair value of our television reporting unit did not exceed the
carrying value of our television net assets and we recorded a $215 million, non-cash charge to
reduce the carrying value of goodwill to zero. We also recorded a $1 million non-cash charge to
reduce the carrying value of the FCC license for our Lawrence, Kansas, television station to its
estimated fair value in the first quarter of 2009.
Management must make significant judgments to determine fair values, including the valuation
methodology and the underlying financial information used in the valuation. These judgments
include, but are not limited to, long-term projections of future financial performance and the
selection of appropriate discount rates used to determine the present value of future cash flows.
Changes in such estimates or the application of alternative assumptions could produce significantly
different results.
Estimated amortization expense of intangible assets for each of the next five years is $5.8
million in 2012, $5.7 million in 2013, $5.6 million in 2014, $5.5 million in 2015, $5.5 million in
2016, and $65.9 million in later years.
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- Definition
The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt
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Dec. 31, 2011
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| Long-Term Debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt |
11. Long-Term Debt
Long-term debt consisted of the following:
On December 9, 2011, we entered into a $312 million revolving credit and term loan
agreement (“Financing Agreement”) to finance the acquisition of McGraw-Hill Broadcasting, Inc. and
to provide liquidity for ongoing operations. The Financing Agreement has a five-year term and
includes a $212 million term loan and a $100 million revolving credit facility. We terminated our
previous revolving credit facility on the funding of the new Financing Agreement on December 30,
2011. There were no borrowings under the previous revolving credit agreement in 2011.
The Financing Agreement includes certain affirmative and negative covenants, including
maintenance of minimum fixed charge coverage and leverage ratios, as defined in the Financing Agreement. We
were in compliance with all covenants at December 31, 2011.
Interest was payable at a base rate of 6.25% on December 31, 2011. Beginning January 6, 2012,
interest is payable at rates based on our leverage ratio and LIBOR plus a margin ranging from 3.5%
to 4.0% (4.3% at January 6, 2012). The Financing Agreement also includes a provision that in certain circumstances
we must use a portion of excess cash flow to repay debt. As of December 31, 2011, we were not
required to make additional principal payments based on excess cash flow. The weighted-average
interest rate on borrowings was 6.25% at December 31, 2011.
Scheduled principal payments on long-term debt at December 31, 2011, are: $15.9 million in
2012, $15.9 million in 2013, $26.5 million in 2014, $26.5 million in 2015, and $127.2 million in
2016.
Under the terms of the Financing Agreement we granted the lenders mortgages on certain of our
real property, pledges of our equity interests in our subsidiaries and security interests in
substantially all other personal property, including cash, accounts receivables, inventories and
equipment.
The Financing Agreement allows us to make dividends and stock buy-backs up to $25 million plus
additional amounts based on our financial results and condition, up to a maximum of $250 million
over the term of the agreement. We can also make acquisitions up to $25 million plus additional
amounts based on our financial results and condition, up to a maximum of $150 million.
Commitment fees of 0.50% per annum of the total unused commitment are payable under the
revolving credit facility.
As of December 31, 2011 and 2010, we had outstanding letters of credit totaling $1.1 million
and $10.4 million, respectively.
In October 2008, we entered into a 2-year $30 million notional interest rate swap which
expired in October 2010. Under this agreement we received payments based on the 3-month LIBOR and
made payments based on a fixed rate of 3.2%. This swap was not designated as a hedge in accordance
with generally accepted accounting principles and changes in fair value were recorded in
miscellaneous-net with a corresponding adjustment to other long-term liabilities. The fair value
at December 31, 2009 was $0.8 million liability. For the year ended December 31, 2010, $0.8
million gain was recorded in other income (expense), while no gain or loss was recorded for the
year ended December 31, 2009.
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- Details
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- Definition
The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Liabilities
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Dec. 31, 2011
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| Other Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Liabilities |
12. Other Liabilities
Other liabilities consisted of the following:
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- Details
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- Definition
The entire disclosure for other liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Noncontrolling Interests
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Dec. 31, 2011
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| Noncontrolling Interests [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noncontrolling Interests |
13. Noncontrolling Interests
Individuals and other entities own a 4% noncontrolling interest in the capital stock of the
subsidiary company that publishes our Memphis newspaper and a 6% noncontrolling interest in the
capital stock of the subsidiary company that publishes our Evansville newspaper. We are not
required to redeem the noncontrolling interests in these subsidiary companies.
A summary of the components of net income (loss) attributable to The E.W. Scripps Company
shareholders is as follows:
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- Definition
The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Supplemental Cash Flow Information
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Dec. 31, 2011
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| Supplemental Cash Flow Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Supplemental Cash Flow Information |
14. Supplemental Cash Flow Information
The following table presents additional information about the change in certain working capital
accounts:
Information regarding supplemental cash flow disclosures is as follows:
In 2010 we entered into a $2.2 million capital lease obligation for the purchase of
computer software.
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- Definition
The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Employee Benefit Plans
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Dec. 31, 2011
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| Employee Benefit Plans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee Benefit Plans |
15. Employee Benefit Plans
We
sponsor various noncontributory defined benefit plans covering
substantially all full-time employees that began employment prior to
June 30, 2008 (the majority of our defined benefit pension plans were
frozen June 30, 2009). Benefits earned by employees are generally based upon employee
compensation and years of service credits.
We also have a non-qualified Supplemental Executive Retirement Plan (“SERP”). The SERP, which
is unfunded, provides defined pension benefits in addition to the defined benefit pension plan to
eligible participants based on average earnings, years of service and age at retirement.
Effective June 30, 2009, we froze the accrual of service credits under certain of our defined
benefit pension plans that cover a majority of our employees, including our SERP. The freeze
resulted in the recognition of a curtailment loss of $4.2 million in the first quarter of 2009 and
a gain of $1.1 million in the second quarter of 2009. We also recognized a curtailment loss of
$0.9 million in 2009 related to the closure of our Denver newspaper.
We sponsor a defined contribution plan covering substantially all non-union and certain union
employees. We historically matched a portion of employees’ voluntary contributions to this plan.
We suspended our matching contributions in the second quarter of 2009. Our matching contributions
were reinstated in July 2010. In connection with freezing the accrual of service credits under
certain of our defined benefit pension plans we began contributing additional amounts to certain
employee’s defined contribution retirement accounts in 2011. These transition credits, which we
will make through 2014, are determined based upon the employee’s age and compensation.
Other union-represented employees are covered by defined benefit pension plans jointly
sponsored by us and the union, or by union-sponsored multi-employer plans.
We use a December 31 measurement date for our retirement plans. Retirement plans expense is
based on valuations as of the beginning of each fiscal year. The components of the expense
consisted of the following:
Other changes in plan assets and benefit obligations recognized in other comprehensive income
(loss) were as follows:
In addition to the amounts summarized above, amortization of actuarial losses of $1.3
million, $1.4 million and $0.5 million were recorded through other comprehensive income in 2011,
2010 and 2009, respectively, related to our SERP plan. A current year actuarial loss of $1.6
million and $0.6 million was recognized in 2011 and 2010, respectively, and a current year
actuarial gain of
$3.2 million was recognized in 2009, related to our SERP plan. A settlement loss of $0.6
million was recorded through other comprehensive income in 2010 related to our SERP plan.
Assumptions used in determining the annual retirement plans expense were as follows:
The discount rate used to determine our future pension obligations is based on a dedicated
bond portfolio approach that includes securities rated Aa or better with maturities matching our
expected benefit payments from the plans. The increase in compensation levels assumption is based
on actual past experience and our near-term outlook.
The expected long-term rate of return on plan assets is based upon the weighted-average
expected rate of return and capital market forecasts for each asset class employed. Our expected
rate of return on plan assets also considers our historical compounded return on plan assets for 10
and 15 year periods.
Obligations and Funded Status — Defined benefit plans pension obligations and funded status is
actuarially valued as of the end of each year. The following table presents information about our
employee benefit plan assets and obligations:
In 2012, for our defined benefit pension plans, we expect to recognize amortization of
actuarial loss from accumulated other comprehensive loss into net periodic benefit costs of $3.7
million (including $0.2 million for the SERP).
Information for pension plans with an accumulated benefit obligation in excess of plan assets was
as follows:
Information for pension plans with a projected benefit obligation in excess of plan assets was
as follows:
Assumptions used to determine the defined benefit plans benefit obligations were as follows:
We expect to contribute $1.1 million in 2012 to fund SERP benefits. We have met the
minimum funding requirements for our qualified defined benefit pension plans and expect to make
$1.3 million in contributions in 2012.
Estimated future benefit payments expected to be paid for the next ten years are $21.3 million
in 2012, $22.0 million in 2013, $23.0 million in 2014, $24.2 million in 2015, $25.0 million in 2016
and a total of $148 million for the five years ending 2021.
Plan Assets and Investment Strategy
Our long-term investment strategy for pension assets is to earn a rate of return over time that
minimizes future contributions to the plan while reducing the volatility of pension assets relative
to pension liabilities. The strategy reflects the fact that we have frozen the accrual of service
credits under defined benefit plans covering the majority of employees. We evaluate our asset
allocation target ranges for equity, fixed income and other investments annually. We monitor
actual asset allocations monthly and adjust as necessary. We control risk through diversification
among multiple asset classes, managers and styles. Risk is further monitored at the manager and
asset class level by evaluating performance against appropriate benchmarks.
Information related to our pension plan asset allocations by asset category were as follows:
U.S. equity securities include common stocks of large, medium, and small capitalization
companies, which are predominantly U.S. based. Non-U.S. equity securities include companies
domiciled outside the U.S. and American depository receipts. Fixed-income securities include
securities issued or guaranteed by the U.S. government, mortgage backed securities and corporate
debt obligations. Other investments include real estate funds.
The company transitioned the defined benefit plan assets from a more traditional 65/35%
equity/fixed income allocation to a “liability-driven investing” (LDI) approach beginning in 2009.
The rationale for this change is to better align the returns and duration of plan assets with the
duration and behavior of plan liabilities. This approach will ultimately reduce volatility in the
funded status of the plan. Volatility in the funded status is caused by differences in the discount
rate used to value plan liabilities and returns on plan assets. We intend to institute this change
gradually based upon the funding level of plan assets relative to ERISA’s Funding Target (“Funding
Target Attainment Percentage”). At the end of the process, approximately 75% of plan assets will
be invested in long duration fixed income products and 25% in return-seeking assets.
The following table presents our plan assets using the fair value hierarchy as of December 31, 2011
and 2010:
Equity securities-common/collective trust funds and fixed income-common/collective trust funds
are comprised of shares or units in commingled funds that are not publically traded. The
underlying assets in these funds (equity securities and fixed income securities) are publically
traded on exchanges and price quotes for the assets held by these funds are readily available.
Real estate pertains to an investment in a real estate fund which invests in limited partnerships,
limited liability corporations, real estate investment trusts, other funds and insurance company
group annuity contracts. The valuations for these holdings are based on property appraisals using
cash flow analysis and market transactions.
The following table presents a reconciliation of Level 3 assets held during 2011 and 2010:
Multi-employer plans
We participate in four multi-employer pension plans that cover certain employees that are members
of union or trade association that have a collective-bargaining agreement with us. We represent
less then 5% of the total contributions made to the four plans and deem only two of the four plans
we participate in to be significant. The following table summarizes the two plans we deem
significant:
Certain collective bargaining agreements have expired and are on a month-to-month basis,
however we are in negotiations with the unions and expect to reach agreements in 2012.
The CWA/ITU Negotiated Pension Plan has a withdrawal liability of approximately $4 million.
Contribution rates are scheduled to remain consistent with current rates for the foreseeable
future. A rehabilitation plan was adopted in 2010 related to pension vesting and early retirement,
however, mandatory increase in contributions or surcharges were not implemented.
The GCIU-Employer Retirement Fund has a withdrawal liability of approximately $9 million. A
rehabilitation plan was adopted in 2009, which will increase employer contributions beginning in
2012.
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Information
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Dec. 31, 2011
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| Segment Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Information |
16. Segment Information
We determine our business segments based upon our management and internal reporting structure. Our
reportable segments are strategic businesses that offer different products and services.
Television includes ten ABC affiliates, three NBC affiliates, one independent station and five
Azteca affiliates. Our television stations reach approximately 13% of the nation’s television
households. Television stations earn revenue primarily from the sale of advertising time to local
and national advertisers.
Our newspaper business segment includes daily and community newspapers in 13 markets in the U.S.
Newspapers earn revenue primarily from the sale of advertising space to local and national
advertisers and from the sale of newspapers to readers.
Syndication and other primarily include syndication of news features and comics and other features
for the newspaper industry.
We allocate a portion of certain corporate costs and expenses, including information technology,
pensions and other employee benefits, and other shared services, to our business segments. The
allocations are generally amounts agreed upon by management, which may differ from an arms-length
amount. Corporate assets are primarily cash, cash equivalents and other short-term investments,
property and equipment primarily used for corporate purposes, and deferred income taxes.
Our chief operating decision maker evaluates the operating performance of our business segments and
makes decisions about the allocation of resources to our business segments using a measure called
segment profit. Segment profit excludes interest, income taxes, depreciation and amortization,
divested operating units, restructuring activities, investment results and certain other items that
are included in net income (loss) determined in accordance with accounting principles generally
accepted in the United States of America.
Information regarding our business segments is as follows:
No single customer provides more than 10% of our revenue.
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Spin-Off of Scripps Networks Interactive, Inc.
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12 Months Ended |
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Dec. 31, 2011
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| Spin-off of Scripps Networks Interactive, Inc. [Abstract] | |
| Spin-off of Scripps Networks Interactive, Inc. |
17. Spin-off of Scripps Networks Interactive, Inc.
On July 1, 2008, we distributed all of the shares of Scripps Networks Interactive, Inc. (“SNI”) to
shareholders of record as of the close of business on June 16, 2008. SNI owned and operated our
national lifestyle cable television networks and interactive media businesses.
SNI reimbursed us $6.7 million in 2010 and $16 million in 2009 for its share of estimated taxes
prior to the spin-off under the Tax Allocation Agreement.
SNI paid $3.7 million in 2010 to settle audits of certain combined state and local tax returns for periods prior to the Spin-off.
We reimbursed SNI $0.8 million for our share of the audit settlements.
During 2010, we filed a carryback claim for $9.3 million of capital losses incurred by SNI
subsequent to the spin-off. Under the terms of the Tax Allocation Agreement, these capital losses
were carried back to our consolidated federal income tax returns for periods prior to the spin-off.
We paid SNI for the loss carryback when the refund claim was received from the Internal Revenue
Service.
During 2010 and 2009, the Company made adjustments of $7.9 million and $0.6 million, respectively, to the net assets
distributed. The adjustment primarily related to the allocation and settlement of tax accounts and employee benefit plans.
At December 31, 2011, and December 31, 2010, we owed SNI $0.4 million and $7.5 million,
respectively for its share of tax refund claims for prior years. In 2011, we paid SNI $7.1 million, its share of the
tax refund claims we received from the tax authorities.
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- Details
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| X | ||||||||||
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- Definition
Spin off of Scripps Networks Interactive, Inc. No definition available.
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Commitments and Contingencies
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12 Months Ended |
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Dec. 31, 2011
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| Commitments and Contingencies [Abstract] | |
| Commitments and Contingencies |
18. Commitments and Contingencies
We are involved in litigation arising in the ordinary course of business, none of which is expected
to result in material loss.
Minimum payments on noncancelable leases at December 31, 2011, were: 2012, $4.3 million; 2013, $3.5
million; 2014, $2.8 million; 2015, $1.8 million; 2016, $1.7 million; and later years, $1.9 million.
We expect our operating leases will be replaced with leases for similar facilities upon their
expiration. Rental expense for cancelable and noncancelable leases from continuing operations was
$7.8 million in 2011, $8.5 million in 2010 and $10.2 million in 2009. Rental expense for
cancelable and noncancelable leases from discontinued operations was $1.1 million in 2010 and $2.5
million in 2009.
In the ordinary course of business, we enter into long-term contracts to obtain talent or other
services. Liabilities for such commitments are recorded when the related services are rendered.
Minimum payments on such contractual commitments at December 31, 2011, were: 2012, $33.6 million;
2013, $20.3 million; 2014, $9.8 million; 2015, $2.1 million; 2016, $0.6 million; and later years,
$0.2 million. We expect these contracts will be replaced with similar contracts upon their
expiration.
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- Details
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| X | ||||||||||
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Capital Stock and Share Based Compensation Plans
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Dec. 31, 2011
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| Capital Stock and Share Based Compensation Plans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock and Share Based Compensation Plans |
19. Capital Stock and Share Based Compensation Plans
Capital Stock — We have two classes of common shares, Common Voting Shares and Class A Common
shares. The Class A Common shares are only entitled to vote on the election of the greater of
three or one-third of the directors and other matter as required by Ohio law.
Share Repurchase Plan — Our board of directors authorized the repurchase up to $75 million of our
Class A Common shares in 2010. In 2011, we repurchased a total of $51 million of shares at
prices ranging from $6.55 to $9.70 per share. An additional $24 million of shares may be
repurchased pursuant to the authorization. We did not repurchase any shares under this program in
2010. The shares may be repurchased from time to time at management’s discretion, either in the
open market, through pre-arranged trading plans or in privately negotiated block transactions. The
authorization expires December 31, 2012.
Incentive Plans — On May 13, 2010, we adopted The E.W. Scripps Company 2010 Long-Term Incentive
Plan (the “Plan”). The Plan replaces The E.W. Scripps 1997 Long-Term Incentive Plan, as amended
(the “1997 Plan”). The Plan permits the granting of Nonqualified Stock Options, Incentive Stock
Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units and Other Stock-Based
Awards. Any shares previously granted under the 1997 Plan that are subsequently forfeited,
terminated, settled in cash or
used to satisfy tax withholding obligations become available for issuance under the 2010 Plan. The
Plan terminates on February 15, 2020.
We satisfy stock option exercises and vested stock awards with newly issued shares. As of
December 31, 2011, 4.9 million shares were available for future stock compensation grants.
Stock Options — Stock options grant the recipient the right to purchase Class A Common shares at
not less than 100% of the fair market value on the date the option is granted. Stock options
granted to employees generally vest over a three-year period, conditioned upon the individual’s
continued employment through that period. Awards vest immediately upon the retirement, death or
disability of the employee or upon a change in control of Scripps or in the business in which the
individual is employed. Unvested awards are forfeited if employment is terminated for other
reasons. Options granted to employees prior to 2005 generally expire ten years after grant, while
options granted in 2005 and later generally have eight-year terms. Stock options granted to
non-employee directors generally vest over a one-year period and have a ten-year term.
The following table summarizes information about stock option transactions:
The following table presents additional information about exercises of stock options:
Information about options outstanding and options exercisable by year of grant is as
follows:
(dollars in millions, except per share amounts)
Restricted Stock and Restricted Stock Units — Awards of Class A Common shares (“restricted
stock”) and Restricted Stock Units (“RSU”) generally require no payment by the employee. RSUs are
converted into an equal number of Class A Common shares when vested. These awards generally vest
over a three or four year period, conditioned upon the individual’s continued employment through
that period. Awards vest immediately upon the retirement, death or disability of the employee or
upon a change in control of Scripps or in the business in which the individual is employed.
Unvested awards may be forfeited if employment is terminated for other reasons. Awards are
nontransferable during the vesting period, but the awards are entitled to all the rights of an
outstanding share. There are no post-vesting restrictions on awards granted to employees and
non-employee directors.
Long-term incentive compensation includes performance share awards. Performance share awards
represent the right to receive an award of restricted shares if certain performance measures are
met. Each award specifies a target number of shares to be issued and the specific performance
criteria that must be met. The number of shares that an employee receives may be less or more than
the target number of shares depending on the extent to which the specified performance measures are
met or exceeded.
Information and activity for our restricted stock and RSUs is presented below:
We recognize the fair value of the awards as the employee’s rights to the awards vest. In
the first quarter of 2012, approximately 2.4 million of the RSUs will vest and the holders will
receive approximately 1.5 million shares, net of tax withholdings. Employees are not restricted
from selling shares received upon the vesting of their RSUs.
The following table presents additional information about restricted stock and restricted
stock unit vesting:
Stock Compensation Costs
As of December 31, 2011, $6.2 million of total unrecognized compensation cost related to
restricted stock, RSUs and performance shares is expected to be recognized over a weighted-average
period of 1.6 years.
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The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Also includes disclosure of compensation-related costs for equity-based compensation which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details, and employee stock purchase plan details. No definition available.
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Summarized Quarterly Financial Information (Unaudited)
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Dec. 31, 2011
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| Summarized Quarterly Financial Information (Unaudited) |
20. Summarized Quarterly Financial Information (Unaudited)
Summarized financial information is as follows:
The sum of the quarterly net income per share amounts may not equal the reported annual
amount because each is computed independently based upon the weighted-average number of shares
outstanding for the period.
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- Definition
The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Valuation and Qualifying Accounts
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Dec. 31, 2011
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Valuation and Qualifying Accounts
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- Definition
The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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