The E.W. Scripps Company (SSP) 10-Q5 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page	3 Months Ended
Cover Page	Mar. 31, 2023 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-10701
Entity Registrant Name	THE E.W. SCRIPPS COMPANY
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-1223339
Entity Address, Address Line One	312 Walnut Street
Entity Address, City or Town	Cincinnati,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45202
City Area Code	513
Local Phone Number	977-3000
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	SSP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0000832428
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Common stock, Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	72,377,601
Common stock, Voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	11,932,722

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 16,476	$ 18,027
Accounts receivable (less allowances — $4,644 and $4,963)	571,316	600,098
Miscellaneous	41,056	25,816
Total current assets	628,848	643,941
Investments	23,205	23,144
Property and equipment	450,246	458,600
Operating lease right-of-use assets	115,313	117,869
Goodwill	2,920,574	2,920,574
Other intangible assets	1,797,763	1,821,254
Programming	451,001	427,962
Miscellaneous	15,084	17,661
Total Assets	6,402,034	6,431,005
Current liabilities:
Accounts payable	78,247	82,710
Unearned revenue	18,687	18,183
Current portion of long-term debt	18,612	18,612
Accrued liabilities:
Employee compensation and benefits	41,271	44,590
Programming liability	185,703	167,131
Accrued interest	14,151	31,087
Miscellaneous	40,675	52,891
Other current liabilities	58,614	69,801
Total current liabilities	455,960	485,005
Long-term debt (less current portion)	2,871,555	2,853,793
Deferred income taxes	377,317	370,457
Operating lease liabilities	101,786	106,866
Other liabilities (less current portion)	495,608	484,059
Equity:
Total preferred and common stock	413,663	413,080
Additional paid-in capital	1,443,992	1,444,501
Retained earnings	319,599	350,715
Accumulated other comprehensive loss, net of income taxes	(77,446)	(77,471)
Total equity	2,099,808	2,130,825
Total Liabilities and Equity	6,402,034	6,431,005
Preferred stock
Equity:
Preferred stock	0	0
Preferred stock, Series A
Equity:
Preferred stock	412,820	412,244
Common stock, Class A
Equity:
Common stock	724	717
Common stock, Voting
Equity:
Common stock	$ 119	$ 119

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Allowance for doubtful accounts	$ 4,644	$ 4,963
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares outstanding (in shares)	0	0
Preferred stock, Series A
Preferred stock, par value (in dollars per share)	$ 100,000	$ 100,000
Preferred stock, shares outstanding (in shares)	6,000	6,000
Common stock, Class A
Common stock, shares authorized (in shares)	240,000,000	240,000,000
Common stock, shares issued (in shares)	72,377,601	71,649,335
Common stock, shares outstanding (in shares)	72,377,601	71,649,335
Common stock, Voting
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	11,932,722	11,932,722
Common stock, shares outstanding (in shares)	11,932,722	11,932,722

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Revenues:
Total operating revenues	$ 527,778	$ 565,706
Operating Expenses:
Cost of revenues, excluding depreciation and amortization	308,460	297,834
Selling, general and administrative expenses, excluding depreciation and amortization	146,886	152,727
Acquisition and related integration costs	0	1,642
Restructuring costs	16,511	0
Depreciation	15,053	15,370
Amortization of intangible assets	23,490	24,375
Losses (gains), net on disposal of property and equipment	896	2,481
Total operating expenses	511,296	494,429
Operating income	16,482	71,277
Interest expense	(48,838)	(36,499)
Gain on extinguishment of debt	0	1,234
Defined benefit pension plan income	134	663
Miscellaneous, net	(503)	(407)
Income (loss) from operations before income taxes	(32,725)	36,268
Provision (benefit) for income taxes	(14,185)	13,903
Net income (loss)	(18,540)	22,365
Preferred stock dividends	(12,576)	(12,576)
Net income (loss) attributable to the shareholders of The E.W. Scripps Company	$ (31,116)	$ 9,789
Net income per basic share of common stock attributable to the shareholders of The E.W. Scripps Company:
Net income per basic share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share)	$ (0.37)	$ 0.11
Net income per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share)	$ (0.37)	$ 0.10
Advertising
Operating Revenues:
Total operating revenues	$ 352,099	$ 398,481
Distribution
Operating Revenues:
Total operating revenues	166,559	157,600
Other
Operating Revenues:
Total operating revenues	$ 9,120	$ 9,625

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (18,540)	$ 22,365
Changes in defined benefit pension plans, net of tax of $8 and $257	25	827
Other	0	3
Total comprehensive income (loss) attributable to preferred and common stockholders	$ (18,515)	$ 23,195

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Tax on changes in defined benefit pension plans	$ 8	$ 257

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Cash Flows from Operating Activities:
Net income (loss)	$ (18,540)		$ 22,365
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	38,543		39,745
Losses (gains), net on disposal of property and equipment	896		2,481
Gain on extinguishment of debt	0	$ (7,400)	(1,234)
Programming assets and liabilities	(6,924)		(13,970)
Restructuring impairment charges	13,608		0
Deferred income taxes	6,852		11,906
Stock and deferred compensation plans	5,389		10,481
Pension contributions, net of income/expense	(411)		(930)
Other changes in certain working capital accounts, net	(26,713)		(33,761)
Miscellaneous, net	2,527		296
Net operating activities	15,227		37,379
Cash Flows from Investing Activities:
Acquisitions, net of cash acquired	0		(13,797)
Additions to property and equipment	(7,782)		(12,685)
Purchase of investments	(142)		(5,117)
Proceeds from FCC repack	0		1,201
Miscellaneous, net	3		(2,456)
Net investing activities	(7,921)		(32,854)
Cash Flows from Financing Activities:
Net borrowings under revolving credit facility	20,000		75,000
Payments on long-term debt	(4,653)		(124,197)
Preferred stock dividends	(12,000)		(12,000)
Tax payments related to shares withheld for vested stock and RSUs	(4,558)		(8,341)
Miscellaneous, net	(7,646)		(441)
Net cash used in financing activities	(8,857)		(69,979)
Decrease in cash, cash equivalents and restricted cash	(1,551)		(65,454)
Cash, cash equivalents and restricted cash:
Beginning of year	18,027		100,480
End of period	16,476	$ 18,027	35,026
Supplemental Cash Flow Disclosures
Interest paid	61,973		52,668
Income taxes refunded	(7,679)		(431)
Non-cash investing information
Capital expenditures included in accounts payable	$ 2,769		$ 4,047

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands		Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss) ("AOCI")
Equity, beginning balance at Dec. 31, 2021		$ 1,970,434	$ 409,939	$ 826	$ 1,428,460	$ 205,118	$ (73,909)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		23,195				22,365	830
Preferred stock dividends		(12,000)	576			(12,576)
Compensation plans: shares issued	[1]	2,400		7	2,393
Equity, ending balance at Mar. 31, 2022		1,984,029	410,515	833	1,430,853	214,907	(73,079)
Equity, beginning balance at Dec. 31, 2022		2,130,825	412,244	836	1,444,501	350,715	(77,471)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		(18,515)				(18,540)	25
Preferred stock dividends		(12,000)	576			(12,576)
Compensation plans: shares issued	[2]	(502)		7	(509)
Equity, ending balance at Mar. 31, 2023		$ 2,099,808	$ 412,820	$ 843	$ 1,443,992	$ 319,599	$ (77,446)

[1]Net of tax payments related to shares withheld for vested RSUs of $8,341 for the three months ended March 31, 2022.[2]Net of tax payments related to shares withheld for vested RSUs of $4,558 for the three months ended March 31, 2023.

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Preferred stock dividends (in dollars per share)	$ 2,000	$ 2,000
Net shares issued (in shares)	728,266	711,803
Tax payments related to shares withheld for vested stock and RSUs	$ 4,558	$ 8,341

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies As used in the Notes to Condensed Consolidated Financial Statements, the terms “Scripps,” “Company,” “we,” “our,” or “us” may, depending on the context, refer to The E.W. Scripps Company, to one or more of its consolidated subsidiary companies, or to all of them taken as a whole. Basis of Presentation — The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The interim financial statements should be read in conjunction with the audited consolidated financial statements, including the notes thereto included in our 2022 Annual Report on Form 10-K. In management's opinion, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the interim periods have been made. Results of operations are not necessarily indicative of the results that may be expected for future interim periods or for the full year. Additionally, certain amounts in prior periods have been reclassified to conform to the current period's presentation. Our presentation for operating revenues in 2023 includes a new caption titled “Distribution” revenues. This caption includes amounts that were previously reported within our “Retransmission and carriage” revenue caption and also includes subscription revenues that were previously captured within our “Other” revenue caption. Amounts previously reported in 2022 within these prior revenue captions have been reclassified to conform to the 2023 presentation. Principles of Consolidation — The consolidated financial statements include our accounts and those of our wholly-owned and majority-owned subsidiaries and variable interest entities ("VIEs") for which we are the primary beneficiary. We are the primary beneficiary of a VIE when we have the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and have the obligation to absorb losses or the right to receive returns that would be significant to the VIE. Noncontrolling interest represents an owner’s share of the equity in certain of our consolidated entities. All intercompany transactions and account balances have been eliminated in consolidation. Investments in entities over which we have significant influence but not control are accounted for using the equity method of accounting. Income from equity method investments represents our proportionate share of net income generated by equity method investees. Nature of Operations — We are a diverse media enterprise, serving audiences and businesses through a portfolio of local television stations and national news and entertainment networks. All of our businesses provide content and services via digital platforms, including the Internet, smartphones and tablets. Our media businesses are organized into the following reportable business segments: Local Media, Scripps Networks and Other. Additional information for our business segments is presented in Note 12. Segment Information. Use of Estimates — Preparing financial statements in accordance with accounting principles generally accepted in the United States of America requires us to make a variety of decisions that affect the reported amounts and the related disclosures. Such decisions include the selection of accounting principles that reflect the economic substance of the underlying transactions and the assumptions on which to base accounting estimates. In reaching such decisions, we apply judgment based on our understanding and analysis of the relevant circumstances, including our historical experience, actuarial studies and other assumptions. Our financial statements include estimates and assumptions used in the periods over which long-lived assets are depreciated or amortized; the fair value of long-lived assets, goodwill and indefinite lived assets; the liability for uncertain tax positions and valuation allowances against deferred income tax assets; the fair value of assets acquired and liabilities assumed in business combinations; and self-insured risks. While we re-evaluate our estimates and assumptions on an ongoing basis, actual results could differ from those estimated at the time of preparation of the financial statements. Nature of Products and Services — The following is a description of principal activities from which we generate revenue. Core Advertising — Core advertising is comprised of sales to local and national customers. The advertising includes a combination of broadcast airtime, as well as digital advertising. Pricing of advertising time is based on audience size and share, the demographic of our audiences and the demand for our limited inventory of commercial time. Advertising time is sold through a combination of local and national sales staff and national sales representative firms. Digital revenues are primarily generated from the sale of advertising to local and national customers on our local television websites, smartphone apps, tablet apps and other platforms. Political Advertising — Political advertising is generally sold through our Washington D.C. sales office. Advertising is sold to presidential, gubernatorial, Senate and House of Representative candidates, as well as for state and local issues. It is also sold to political action groups (PACs) or other advocacy groups. Distribution Revenues — We earn revenues from cable operators, satellite carriers, other multi-channel video programming distributors (collectively "MVPDs"), other online video distributors and subscribers for access rights to our broadcast signals. These arrangements are generally governed by multi-year contracts and the fees we receive are typically based on the number of subscribers the respective distributor has and the contracted rate per subscriber. Refer to Note 12. Segment Information for further information, including revenue by significant product and service offering. Revenue Recognition — Revenue is measured based on the consideration we expect to be entitled to in exchange for promised goods or services provided to customers, and excludes any amounts collected on behalf of third parties. Revenue is recognized upon transfer of control of promised products or services to customers. Advertising — Advertising revenue is recognized, net of agency commissions, over time primarily as ads are aired or impressions are delivered and any contracted audience guarantees are met. We apply the practical expedient to recognize revenue at the amount we have the right to invoice, which corresponds directly to the value a customer has received relative to our performance. For advertising sold based on audience guarantees, audience deficiency may result in an obligation to deliver additional advertisements to the customer. To the extent that we do not satisfy contracted audience ratings, we record deferred revenue until such time that the audience guarantee has been satisfied. Distribution — Our primary source of distribution revenue is from retransmission consent contracts with MVPDs. Retransmission revenues are considered licenses of functional intellectual property and are recognized at the point in time the content is transferred to the customer. MVPDs report their subscriber numbers to us generally on a 30- to 90-day lag. Prior to receiving the MVPD reporting, we record revenue based on estimates of the number of subscribers, utilizing historical levels and trends of subscribers for each MVPD. Cost of Revenues — Cost of revenues reflects the cost of providing our broadcast signals, programming and other content to respective distribution platforms. The costs captured within the cost of revenues caption include programming, content distribution, satellite transmission fees, production and operations and other direct costs. Contract Balances — Timing of revenue recognition may differ from the timing of cash collection from customers. We record a receivable when revenue is recognized prior to cash receipt, or unearned revenue when cash is collected in advance of revenue being recognized. Payment terms may vary by contract type, although our terms generally include a requirement of payment within 30 to 90 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We estimate the allowance based on expected credit losses, including our historical experience of actual losses and known troubled accounts. The allowance for doubtful accounts totaled $4.6 million at March 31, 2023 and $5.0 million at December 31, 2022. We record unearned revenue when cash payments are received in advance of our performance. We generally require amounts payable under advertising contracts with political advertising customers to be paid in advance. Unearned revenue totaled $18.7 million at March 31, 2023 and is expected to be recognized within revenue over the next 12 months. Unearned revenue totaled $18.2 million at December 31, 2022. We recorded $4.6 million of revenue in the three months ended March 31, 2023 that was included in unearned revenue at December 31, 2022. Leases — We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, other current liabilities and operating lease liabilities in our Condensed Consolidated Balance Sheets. Finance leases are included in property and equipment, other current liabilities and other long-term liabilities in our Condensed Consolidated Balance Sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As the implicit rate is not readily determinable for most of our leases, we use our incremental borrowing rate when determining the present value of lease payments. The incremental borrowing rate represents an estimate of the interest rate we would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of the lease. The operating lease ROU asset also includes any payments made at or before commencement and is reduced by any lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Share-Based Compensation — We have a Long-Term Incentive Plan (the “Plan”) which is described more fully in our 2022 Annual Report on Form 10-K. The Plan provides for the award of incentive and nonqualified stock options, stock appreciation rights, restricted stock units ("RSUs") and unrestricted Class A Common shares and performance units to key employees and non-employee directors. Share-based compensation costs totaled $3.5 million and $9.3 million for the first quarter of 2023 and 2022, respectively. Earnings Per Share (“EPS”) — Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our RSUs, are considered participating securities for purposes of calculating EPS. Under the two-class method, we allocate a portion of net income to these participating securities and, therefore, exclude that income from the calculation of EPS for common stock. We do not allocate losses to the participating securities. The following table presents information about basic and diluted weighted-average shares outstanding: Three Months Ended (in thousands) 2023 2022 Numerator (for basic and diluted earnings per share) Net income (loss) $ (18,540) $ 22,365 Less income allocated to RSUs — (276) Less preferred stock dividends (12,576) (12,576) Numerator for basic and diluted earnings per share $ (31,116) $ 9,513 Denominator Basic weighted-average shares outstanding 83,751 82,788 Effect of dilutive securities — 9,485 Diluted weighted-average shares outstanding 83,751 92,273 The dilutive effects of performance-based stock awards are included in the computation of diluted earnings per share to the extent the related performance criteria are met through the respective balance sheet reporting date. As of March 31, 2023, potential dilutive securities representing 420,000 shares were excluded from the computation of diluted earnings per share as the related performance criteria were not yet met, although the Company expects to meet various levels of criteria in the future . For the three month period ended March 31, 2023, we incurred a net loss and the inclusion of RSUs would be anti-dilutive. The March 31, 2023 diluted EPS calculation excludes the effect from 1.4 million of outstanding RSUs that were anti-dilutive. The March 31, 2023 basic and dilutive EPS calculations also exclude the impact of the common stock warrant as the effect would be anti-dilutive.

Recently Adopted and Issued Acc

Recently Adopted and Issued Accounting Standards	3 Months Ended
Recently Adopted and Issued Accounting Standards	Mar. 31, 2023
Accounting Policies [Abstract]
Recently Adopted and Issued Accounting Standards	Recently Adopted and Issued Accounting Standards In March 2020, the Financial Accounting Standards Board ("FASB") issued new guidance that provides optional expedients and exceptions to certain accounting requirements to facilitate the transition away from the use of the London Interbank Offered Rate ("LIBOR") and other interbank offered rates. The guidance was effective as of March 12, 2020 and the sunset date of the guidance was deferred to December 31, 2024, subject to meeting certain criteria, that have contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. We evaluate transactions and contract modifications occurring as a result of reference rate reform and determine whether to apply the optional guidance on an ongoing basis.

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Nuvyyo Acquisition On January 5, 2022, we acquired Nuvyyo for net cash consideration totaling $13.8 million. Nuvyyo provides consumers DVR product solutions to watch and record free over-the-air HDTV on connected devices. The final purchase price allocation assigned $7.2 million to intangible assets with useful lives ranging from three

Asset Write-Downs and Other Cha

Asset Write-Downs and Other Charges and Credits	3 Months Ended
Asset Write-Downs and Other Charges and Credits	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Asset Write-Downs and Other Charges and Credits	Asset Write-Downs and Other Charges and Credits Income (loss) from operations before income taxes was affected by the following: 2023 - In January of 2023, we announced a strategic restructuring and reorganization of the Company that will further leverage our strong position in the U.S. television ecosystem and propel our growth across new distribution platforms and emerging media marketplaces. The restructuring aims to create a leaner and more agile operating structure through the centralization of certain services and the consolidation of layers of management across our operating businesses and corporate office. Restructuring costs totaled $16.5 million in the first quarter of 2023. In connection with the shutdown of the TrueReal network, we incurred a $13.6 million charge related to the write-down of certain programming assets. Restructuring costs also include severance charges and outside consulting fees associated with the ongoing strategic reorganization of the Company. We are continuing to evaluate the full scope of restructuring charges expected to be incurred for this plan. 2022 - Acquisition and related integration costs were $1.6 million in the first three months of 2022.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We file a consolidated federal income tax return, consolidated unitary tax returns in certain states and other separate state income tax returns for our subsidiary companies. The income tax provision for interim periods is determined based upon the expected effective income tax rate for the full year and the tax rate applicable to certain discrete transactions in the interim period. To determine the annual effective income tax rate, we must estimate both the total income (loss) before income tax for the full year and the jurisdictions in which that income (loss) is subject to tax. The actual effective income tax rate for the full year may differ from these estimates if income (loss) before income tax is greater than or less than what was estimated or if the allocation of income (loss) to jurisdictions in which it is taxed is different from the estimated allocations. We review and adjust our estimated effective income tax rate for the full year each quarter based upon our most recent estimates of income (loss) before income tax for the full year and the jurisdictions in which we expect that income will be taxed. The effective income tax rate for the three months ended March 31, 2023 and 2022 was 43% and 38%, respectively. Differences between our effective income tax rate and the U.S. federal statutory rate are the impact of state taxes, foreign taxes, non-deductible expenses, changes in reserves for uncertain tax positions, excess tax benefits or expense from the exercise and vesting of share-based compensation awards ($1.2 million expense in 2023 and $1.1 million benefit in 2022), state deferred rate changes ($4.7 million expense in 2022) and state NOL valuation allowance changes.

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2023
Leases [Abstract]
Leases	Leases We have operating leases for office space, data centers and certain equipment. We also have finance leases for office space. Our leases have remaining lease terms of 1 year to 36 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. Operating lease costs recognized in our Condensed Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022 totaled $6.8 million and $6.5 million, respectively, including short-term lease costs in each period of $0.4 million. Amortization of the right-of-use asset for our finance leases totaled $0.2 million for the three months ended March 31, 2023 and interest expense on the finance leases liability totaled $0.5 million for the three months ended March 31, 2023. Other information related to our leases was as follows: (in thousands, except lease term and discount rate) As of As of Balance Sheet Information Operating Leases Right-of-use assets $ 115,313 $ 117,869 Other current liabilities 20,411 19,599 Operating lease liabilities 101,786 106,866 Financing Leases Property and equipment, at cost 28,321 28,321 Accumulated depreciation 265 69 Property and equipment, net 28,056 28,252 Other current liabilities — 426 Other liabilities 28,997 28,063 Weighted Average Remaining Lease Term Operating leases 8.00 years 8.22 years Finance leases 35.25 years 35.50 years Weighted Average Discount Rate Operating leases 4.45 % 4.34 % Finance leases 7.10 % 7.10 % Three Months Ended (in thousands) 2023 2022 Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 6,379 $ 6,058 Operating cash flows from finance leases — — Financing cash flows from finance leases — — Right-of-use assets obtained in exchange for new operating lease obligations 2,439 231 Right-of-use assets obtained in exchange for new finance lease obligations — — Future minimum lease payments under non-cancellable leases as of March 31, 2023 were as follows: (in thousands) Operating Finance Remainder of 2023 $ 20,854 $ 426 2024 25,042 1,302 2025 20,366 1,776 2026 18,295 1,824 2027 15,759 1,875 Thereafter 45,369 92,050 Total future minimum lease payments 145,685 99,253 Less: Imputed interest (23,488) (70,256) Total $ 122,197 $ 28,997
Leases	Leases We have operating leases for office space, data centers and certain equipment. We also have finance leases for office space. Our leases have remaining lease terms of 1 year to 36 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. Operating lease costs recognized in our Condensed Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022 totaled $6.8 million and $6.5 million, respectively, including short-term lease costs in each period of $0.4 million. Amortization of the right-of-use asset for our finance leases totaled $0.2 million for the three months ended March 31, 2023 and interest expense on the finance leases liability totaled $0.5 million for the three months ended March 31, 2023. Other information related to our leases was as follows: (in thousands, except lease term and discount rate) As of As of Balance Sheet Information Operating Leases Right-of-use assets $ 115,313 $ 117,869 Other current liabilities 20,411 19,599 Operating lease liabilities 101,786 106,866 Financing Leases Property and equipment, at cost 28,321 28,321 Accumulated depreciation 265 69 Property and equipment, net 28,056 28,252 Other current liabilities — 426 Other liabilities 28,997 28,063 Weighted Average Remaining Lease Term Operating leases 8.00 years 8.22 years Finance leases 35.25 years 35.50 years Weighted Average Discount Rate Operating leases 4.45 % 4.34 % Finance leases 7.10 % 7.10 % Three Months Ended (in thousands) 2023 2022 Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 6,379 $ 6,058 Operating cash flows from finance leases — — Financing cash flows from finance leases — — Right-of-use assets obtained in exchange for new operating lease obligations 2,439 231 Right-of-use assets obtained in exchange for new finance lease obligations — — Future minimum lease payments under non-cancellable leases as of March 31, 2023 were as follows: (in thousands) Operating Finance Remainder of 2023 $ 20,854 $ 426 2024 25,042 1,302 2025 20,366 1,776 2026 18,295 1,824 2027 15,759 1,875 Thereafter 45,369 92,050 Total future minimum lease payments 145,685 99,253 Less: Imputed interest (23,488) (70,256) Total $ 122,197 $ 28,997

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
Goodwill and Other Intangible Assets	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill consisted of the following: (in thousands) Local Media Scripps Networks Other Total Gross balance as of December 31, 2022 $ 1,122,408 $ 2,028,890 $ 7,190 $ 3,158,488 Accumulated impairment losses (216,914) (21,000) — (237,914) Net balance as of December 31, 2022 $ 905,494 $ 2,007,890 $ 7,190 $ 2,920,574 Gross balance as of March 31, 2023 $ 1,122,408 $ 2,028,890 $ 7,190 $ 3,158,488 Accumulated impairment losses (216,914) (21,000) — (237,914) Net balance as of March 31, 2023 $ 905,494 $ 2,007,890 $ 7,190 $ 2,920,574 Other intangible assets consisted of the following: (in thousands) As of As of Amortizable intangible assets: Carrying amount: Television affiliation relationships $ 1,060,244 $ 1,060,244 Customer lists and advertiser relationships 220,997 220,997 Other 136,100 136,100 Total carrying amount 1,417,341 1,417,341 Accumulated amortization: Television affiliation relationships (235,610) (222,092) Customer lists and advertiser relationships (112,983) (106,654) Other (50,800) (47,156) Total accumulated amortization (399,393) (375,902) Net amortizable intangible assets 1,017,948 1,041,439 Indefinite-lived intangible assets — FCC licenses 779,815 779,815 Total other intangible assets $ 1,797,763 $ 1,821,254 Estimated amortization expense of intangible assets for each of the next five years is $70.6 million for the remainder of 2023, $92.7 million in 2024, $89.6 million in 2025, $86.1 million in 2026, $83.2 million in 2027, $62.0 million in 2028 and $533.7 million in later years. Goodwill and other indefinite-lived intangible assets are tested for impairment annually and any time events occur or changes in circumstances indicate it is more likely than not the fair value of a reporting unit, or respective indefinite-lived intangible asset, is below its carrying value. Such events or changes in circumstances include, but are not limited to, changes in business climate, declines in the price of our stock, or other factors resulting in lower cash flow related to such assets. If the carrying amount exceeds its fair value, then an impairment loss is recognized. The reporting unit valuations used to test goodwill and intangible assets for impairment are dependent on a number of significant estimates and assumptions, including macroeconomic conditions, market growth rates, competitive activities, cost containment, margin expansion and strategic business plans. Additionally, future changes in these assumptions and estimates with respect to long-term growth rates and discount rates or future cash flow projections, could result in significantly different estimates of the fair values. Our annual impairment testing for goodwill performed during the fourth quarter of 2022 indicated that the fair value of our Local Media reporting unit exceeded its carrying value by 30% and the fair value of our Scripps Networks reporting unit exceeded its carrying value by 2.5%. Given the limited excess of the fair value over the carrying value for the Scripps Networks reporting unit, this reporting unit is more sensitive to changes in assumptions regarding its fair value. A 50 basis point increase in the discount rate or a decrease of $25 million in the annual cash flows used in the discounted cash flow analysis could result in the fair value of this reporting unit being less than its carrying value. While we believe the estimates and judgments used in determining the fair values were appropriate, these estimates of fair value assume certain growth of our businesses, which, if not achieved, could impact the fair value and possibly result in an impairment of the goodwill in future periods. No impairment charges were recorded during the quarters ended March 31, 2023 or March 31, 2022.

Long-Term Debt

Long-Term Debt	3 Months Ended
Long-Term Debt	Mar. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following: (in thousands) As of As of Revolving credit facility $ 20,000 $ — Senior secured notes, due in 2029 523,356 523,356 Senior unsecured notes, due in 2027 425,667 425,667 Senior unsecured notes, due in 2031 392,071 392,071 Term loan, due in 2024 283,500 284,250 Term loan, due in 2026 734,534 736,437 Term loan, due in 2028 557,000 559,000 Total outstanding principal 2,936,128 2,920,781 Less: Debt issuance costs and issuance discounts (45,961) (48,376) Less: Current portion (18,612) (18,612) Net carrying value of long-term debt $ 2,871,555 $ 2,853,793 Fair value of long-term debt * $ 2,549,713 $ 2,677,845 * The fair values of debt are estimated based on either quoted private market transactions or observable estimates provided by third party financial professionals, and as such, are classified within Level 2 of the fair value hierarchy. Scripps Senior Secured Credit Agreement On January 7, 2021, we entered into the Sixth Amendment to the Third Amended Restated Credit Agreement ("Sixth Amendment"). Under the Sixth Amendment, we have a $400 million revolving credit facility ("Revolving Credit Facility") that matures on the earlier of January 2026 or 91 days prior to the stated maturity date for any of our existing loans and our existing unsecured notes that mature within the facility's term. Commitment fees of 0.30% to 0.50% per annum, based on our leverage ratio, of the total unused commitment are payable under the Revolving Credit Facility. In the first quarter of 2023, we amended our Revolving Credit Facility, replacing the LIBOR interest rate provisions with interest rate provisions based on the secured overnight financing rate ("SOFR"). Interest is payable on the Revolving Credit Facility at rates based on SOFR, plus a margin based on our leverage ratio, ranging from 1.75% to 2.50%. As of March 31, 2023, we had $20 million outstanding under the Revolving Credit Facility with an interest rate of 9.50%. The weighted-average interest rate over the period during which we had a drawn revolver balance in 2023 was 7.32%. As of March 31, 2023 and December 31, 2022, we had outstanding letters of credit totaling $6.4 million and $7.1 million, respectively, under the Revolving Credit Facility. On October 2, 2017, we issued a $300 million term loan B which matures in October 2024 ("2024 term loan"). Interest is currently payable on the 2024 term loan at a rate based on SOFR, plus a fixed margin of 2.00%. Interest will reduce to a rate of SOFR plus a fixed margin of 1.75% if the Company’s total net leverage, as defined by the amended agreement, is below 2.75. The 2024 term loan requires annual principal payments of $3 million. As of March 31, 2023 and December 31, 2022, the interest rate on the 2024 term loan was 6.92% and 6.38%, respectively. The weighted-average interest rate was 6.53% and 2.15% for the three months ended March 31, 2023 and 2022, respectively. On May 1, 2019, we issued a $765 million term loan B ("2026 term loan") that matures in May 2026. Interest is currently payable on the 2026 term loan at a rate based on SOFR, plus a fixed margin of 2.56%. The 2026 term loan requires annual principal payments of $7.6 million. Deferred financing costs and original issuance discount totaled approximately $23.0 million with this term loan, which are being amortized over the life of the loan. As of March 31, 2023 and December 31, 2022, the interest rate on the 2026 term loan was 7.48% and 6.95%, respectively. The weighted-average interest rate on the 2026 term loan was 7.10% and 3.31% for the three months ended March 31, 2023 and 2022, respectively. Under the Sixth Amendment, we also issued an $800 million term loan B ("2028 term loan"). The term loan matures in 2028 with interest payable at rates based on SOFR, plus a fixed margin of 2.75%. Additionally, the Sixth Amendment provided that the SOFR rate could not be less than 0.75% for our term loans that mature in 2026 and 2028. The 2028 term loan requires annual principal payments of $8.0 million. We incurred deferred financing costs totaling $23.4 million related to this term loan and the amendment to the Revolving Credit Facility, which are being amortized over the life of the term loan. As of March 31, 2023 and December 31, 2022, the interest rate on the 2028 term loan was 7.67% and 7.13%, respectively. The weighted-average interest rate on the 2028 term loan was 7.28% and 3.75% for the three months ended March 31, 2023 and 2022, respectively. The Senior Secured Credit Agreement contains covenants that limit our ability to incur additional debt and provides for restrictions on certain payments (dividends and share repurchases). Additionally, we must be in compliance with certain leverage ratios in order to proceed with acquisitions. Our credit agreement also includes a provision that in certain circumstances we must use a portion of excess cash flow to repay debt. We granted the lenders pledges of our equity interests in our subsidiaries and security interests in substantially all other personal property including cash, accounts receivables and equipment. In addition, the Revolving Credit Facility contains a covenant to comply with a maximum first lien net leverage ratio of 4.50 to 1.0 when we have outstanding borrowings on the facility. As of March 31, 2023, we were in compliance with our financial covenants. 2029 Senior Secured Notes On December 30, 2020, we issued $550 million of senior secured notes (the "2029 Senior Notes"), which bear interest at a rate of 3.875% per annum and mature on January 15, 2029. The 2029 Senior Notes were priced at 100% of par value and interest is payable semi-annually on January 15 and July 15. Prior to January 15, 2024 we may redeem up to 40% of the aggregate principal amount of the 2029 Senior Notes at a redemption price of 103.875% of the principal amount plus accrued and unpaid interest, if any, to the date of redemption. We may also redeem some or all of the 2029 Senior Notes before January 15, 2024 at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date plus a "make whole" premium. On or after January 15, 2024 and before January 15, 2026, we may redeem the notes, in whole or in part, at applicable redemption prices noted in the indenture agreement. If we sell certain of our assets or have a change of control, the holders of the 2029 Senior Notes may require us to repurchase some or all of the notes. Our credit agreement also includes a provision that in certain circumstances we must use a portion of excess cash flow to repay debt. The 2029 Senior Notes are guaranteed by us and the majority our subsidiaries and are secured on equal footing with the obligations under the Senior Secured Credit Agreement. The notes are secured, on a first lien basis, from pledges of equity interests in our subsidiaries and by substantially all of the existing and future assets of Scripps. The 2029 Senior Notes contain covenants with which we must comply that are typical for borrowing transactions of this nature. We incurred approximately $13.8 million of deferred financing costs in connection with the issuance of the 2029 Senior Notes, which are being amortized over the life of the notes. 2027 Senior Unsecured Notes On July 26, 2019, we issued $500 million of senior unsecured notes, which bear interest at a rate of 5.875% per annum and mature on July 15, 2027 ("the 2027 Senior Notes"). The 2027 Senior Notes were priced at 100% of par value and interest is payable semi-annually on July 15 and January 15. We may redeem the notes before July 15, 2025, in whole or in part, at applicable redemption prices noted in the indenture agreement. If we sell certain of our assets or have a change of control, the holders of the 2027 Senior Notes may require us to repurchase some or all of the notes. The 2027 Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by certain of our existing and future domestic restricted subsidiaries. The 2027 Senior Notes contain covenants with which we must comply that are typical for borrowing transactions of this nature. There are no registration rights associated with the 2027 Senior Notes. We incurred approximately $10.7 million of deferred financing costs in connection with the issuance of the 2027 Senior Notes, which are being amortized over the life of the notes. 2031 Senior Unsecured Notes On December 30, 2020, we issued $500 million of senior unsecured notes (the "2031 Senior Notes"), which bear interest at a rate of 5.375% per annum and mature on January 15, 2031. The 2031 Senior Notes were priced at 100% of par value and interest is payable semi-annually on January 15 and July 15. Prior to January 15, 2024 we may redeem up to 40% of the aggregate principal amount of the 2031 Senior Notes at a redemption price of 105.375% of the principal amount plus accrued and unpaid interest, if any, to the date of redemption. We may also redeem some or all of the 2031 Senior Notes before January 15, 2026 at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date plus a "make whole" premium. On or after January 15, 2026 and before January 15, 2029, we may redeem the notes, in whole or in part, at applicable redemption prices noted in the indenture agreement. If we sell certain of our assets or have a change of control, the holders of the 2031 Senior Notes may require us to repurchase some or all of the notes. The 2031 Senior Notes are also guaranteed by us and the majority our subsidiaries. The 2031 Senior Notes contain covenants with which we must comply that are typical for borrowing transactions of this nature. We incurred approximately $12.5 million of deferred financing costs in connection with the issuance of the 2031 Senior Notes, which are being amortized over the life of the notes. Debt Repurchase Authorization In February 2023, our Board of Directors provided a new debt repurchase authorization, pursuant to which we may reduce, through redemptions or open market purchases and retirement, a combination of the outstanding principal balance of our senior secured and senior unsecured notes. The authorization permits an aggregate principal amount reduction of up to $500 million and expires on March 1, 2026. Our previous debt repurchase authorization expired on March 1, 2023. Debt Repurchase Transactions During the first quarter of 2022, we redeemed $42.2 million of our 2027 Senior Notes, $26.6 million of our 2029 Senior Notes and $54.5 million of our 2031 Senior Notes. The redemptions resulted in a gain on extinguishment of debt of $1.2 million, as the notes were redeemed for total consideration below par value of the notes. During the fourth quarter of 2022, we redeemed $16.8 million of our 2027 Senior Notes and $31.4 million of our 2031 Senior Notes. The redemptions resulted in a gain on extinguishment of debt of $7.4 million, as the notes were redeemed for total consideration below par value of the notes. During the full year of 2022, we made additional principal payments on the 2028 term loan totaling $100 million and wrote-off $1.1 million of deferred financing costs related to this term loan to interest expense.

Other Liabilities

Other Liabilities	3 Months Ended
Other Liabilities	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Liabilities	Other Liabilities Other liabilities consisted of the following: (in thousands) As of As of Employee compensation and benefits $ 27,873 $ 25,916 Deferred FCC repack income 44,960 46,205 Programming liability 275,121 263,093 Liability for pension benefits 77,745 78,279 Liabilities for uncertain tax positions 14,286 14,144 Finance leases 28,997 28,063 Other 26,626 28,359 Other liabilities (less current portion) $ 495,608 $ 484,059

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
Supplemental Cash Flow Information	Mar. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information The following table presents additional information about the change in certain working capital accounts: Three Months Ended (in thousands) 2023 2022 Accounts receivable $ 28,782 $ 9,361 Other current assets (15,453) 2,585 Accounts payable (4,100) 7,555 Accrued employee compensation and benefits (3,325) (24,552) Accrued interest (16,936) (19,922) Other accrued liabilities (12,216) (6,608) Unearned revenue 504 (1,917) Other, net (3,969) (263) Total $ (26,713) $ (33,761)

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
Employee Benefit Plans	Mar. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans We sponsor a noncontributory defined benefit pension plan and non-qualified Supplemental Executive Retirement Plans ("SERPs"). The accrual for future benefits has been frozen in our defined benefit pension plan and SERPs. We sponsor a defined contribution plan covering substantially all non-union and certain union employees. We match a portion of employees' voluntary contributions to this plan. 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. The components of the employee benefit plan expense consisted of the following: Three Months Ended (in thousands) 2023 2022 Interest cost $ 5,935 $ 4,333 Expected return on plan assets, net of expenses (6,306) (6,224) Amortization of actuarial loss and prior service cost 5 1,014 Total for defined benefit pension plan (366) (877) SERPs 232 214 Defined contribution plan 4,429 4,453 Net periodic benefit cost $ 4,295 $ 3,790 We contributed $0.2 million to fund current benefit payments for our SERPs during the three months ended March 31, 2023. During the remainder of 2023, we anticipate contributing an additional $1.2 million to fund the SERPs' benefit payments. We have met regulatory funding requirements for our qualified benefit pension plan and do not have a mandatory contribution in 2023.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information We determine our business segments based upon our management and internal reporting structures, as well as the basis on which our chief operating decision maker makes resource-allocation decisions. Our Local Media segment includes our 61 local broadcast stations and their related digital operations. It is comprised of 18 ABC affiliates, 11 NBC affiliates, nine CBS affiliates and four FOX affiliates. We also have 12 CW affiliates - four on full power stations and eight on multicast; five independent stations and 10 additional low power stations. Our Local Media segment earns revenue primarily from the sale of advertising to local, national and political advertisers and retransmission fees received from cable operators, telecommunications companies, satellite carriers and over-the-top virtual MVPDs. Our Scripps Networks segment includes national news outlets Court TV and Scripps News (formerly Newsy), as well as popular entertainment brands ION, Bounce, Defy TV, Grit, ION Mystery and Laff. The Scripps Networks reach nearly every U.S. television home through free over-the-air broadcast, cable/satellite, connected TV and digital distribution. These operations earn revenue primarily through the sale of advertising. Our respective business segment results reflect the impact of intercompany carriage agreements between our local broadcast television stations and our national networks. We also allocate a portion of certain corporate costs and expenses, including accounting, human resources, employee benefit and information technology to our business segments. These intercompany agreements and allocations are generally amounts agreed upon by management, which may differ from an arms-length amount. The other segment caption aggregates our operating segments that are too small to report separately. Costs for centrally provided services and certain corporate costs that are not allocated to the business segments are included in shared services and corporate costs. These unallocated corporate costs would also include the costs associated with being a public company. Corporate assets are primarily cash and cash equivalents, restricted cash, 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, defined benefit pension plan amounts, income taxes, depreciation and amortization, impairment charges, 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: Three Months Ended (in thousands) 2023 2022 Segment operating revenues: Local Media $ 311,923 $ 326,661 Scripps Networks 216,473 239,068 Other 3,756 4,151 Intersegment eliminations (4,374) (4,174) Total operating revenues $ 527,778 $ 565,706 Segment profit (loss): Local Media $ 45,843 $ 54,393 Scripps Networks 51,526 85,076 Other (1,532) (1,113) Shared services and corporate (23,405) (23,211) Acquisition and related integration costs — (1,642) Restructuring costs (16,511) — Depreciation and amortization of intangible assets (38,543) (39,745) Gains (losses), net on disposal of property and equipment (896) (2,481) Interest expense (48,838) (36,499) Gain on extinguishment of debt — 1,234 Defined benefit pension plan income 134 663 Miscellaneous, net (503) (407) Income (loss) from operations before income taxes $ (32,725) $ 36,268 Depreciation: Local Media $ 9,853 $ 10,142 Scripps Networks 4,736 4,785 Other 45 44 Shared services and corporate 419 399 Total depreciation $ 15,053 $ 15,370 Amortization of intangible assets: Local Media $ 8,980 $ 8,980 Scripps Networks 13,009 14,209 Other 449 481 Shared services and corporate 1,052 705 Total amortization of intangible assets $ 23,490 $ 24,375 Additions to property and equipment: Local Media $ 7,267 $ 9,313 Scripps Networks 194 3,209 Other — 9 Shared services and corporate 835 56 Total additions to property and equipment $ 8,296 $ 12,587 A disaggregation of the principal activities from which we generate revenue is as follows: Three Months Ended (in thousands) 2023 2022 Operating revenues: Core advertising $ 348,574 $ 392,535 Political 3,525 5,946 Distribution 166,559 157,600 Other 9,120 9,625 Total operating revenues $ 527,778 $ 565,706

Capital Stock

Capital Stock	3 Months Ended
Capital Stock	Mar. 31, 2023
Equity [Abstract]
Capital Stock	Capital Stock 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 matters as required by Ohio law. On January 7, 2021, we issued 6,000 shares of series A preferred stock, having a face value of $100,000 per share. The preferred stock shares are perpetual and will be redeemable at the option of the Company beginning on the fifth anniversary of issuance, and redeemable at the option of the holders in the event of a Change of Control (as defined in the terms of the preferred shares), in each case at a redemption price of 105% of the face value, plus accrued and unpaid dividends (whether or not declared). As long as the Company pays quarterly dividends in cash on the preferred stock shares, the dividend rate will be 8% per annum. If dividends on the preferred stock shares, which compound quarterly, are not paid in full in cash, the rate will increase to 9% per annum for the remaining period of time that the preferred stock shares are outstanding. Preferred stock dividends were $12.0 million during the first three months of 2023 and 2022. Under the terms of the preferred stock shares, we are prohibited from paying dividends on and repurchasing our common shares until all preferred stock shares are redeemed. Class A Common Shares Stock Warrant — In connection with the issuance of the preferred stock shares, Berkshire Hathaway, Inc. ("Berkshire Hathaway") also received a warrant to purchases up to 23.1 million Class A shares, at an exercise price of $13 per share. The warrant is exercisable at the holder's option at any time or from time to time, in whole or in part, until the first anniversary of the date on which no preferred stock shares remain outstanding.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
Accumulated Other Comprehensive Income (Loss)	Mar. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) ("AOCI") by component, including items reclassified out of AOCI, were as follows: Three Months Ended March 31, 2023 (in thousands) Defined Benefit Pension Items Other Total Beginning balance, December 31, 2022 $ (77,327) $ (144) $ (77,471) Other comprehensive income (loss) before reclassifications — — — Amounts reclassified from AOCI, net of tax of $8 (a) 25 — 25 Net current-period other comprehensive income (loss) 25 — 25 Ending balance, March 31, 2023 $ (77,302) $ (144) $ (77,446) Three Months Ended March 31, 2022 (in thousands) Defined Benefit Pension Items Other Total Beginning balance, December 31, 2021 $ (73,713) $ (196) $ (73,909) Other comprehensive income (loss) before reclassifications — — — Amounts reclassified from AOCI, net of tax of $257 (a) 827 3 830 Net current-period other comprehensive income (loss) 827 3 830 Ending balance, March 31, 2022 $ (72,886) $ (193) $ (73,079) (a) Actuarial gain (loss) is included in defined benefit pension plan expense in the Condensed Consolidated Statements of Operations

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation — The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The interim financial statements should be read in conjunction with the audited consolidated financial statements, including the notes thereto included in our 2022 Annual Report on Form 10-K. In management's opinion, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the interim periods have been made.
Reclassifications	Results of operations are not necessarily indicative of the results that may be expected for future interim periods or for the full year. Additionally, certain amounts in prior periods have been reclassified to conform to the current period's presentation. Our presentation for operating revenues in 2023 includes a new caption titled “Distribution” revenues. This caption includes amounts that were previously reported within our “Retransmission and carriage” revenue caption and also includes subscription revenues that were previously captured within our “Other” revenue caption. Amounts previously reported in 2022 within these prior revenue captions have been reclassified to conform to the 2023 presentation.
Principles of Consolidation	Principles of Consolidation — The consolidated financial statements include our accounts and those of our wholly-owned and majority-owned subsidiaries and variable interest entities ("VIEs") for which we are the primary beneficiary. We are the primary beneficiary of a VIE when we have the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and have the obligation to absorb losses or the right to receive returns that would be significant to the VIE. Noncontrolling interest represents an owner’s share of the equity in certain of our consolidated entities. All intercompany transactions and account balances have been eliminated in consolidation. Investments in entities over which we have significant influence but not control are accounted for using the equity method of accounting. Income from equity method investments represents our proportionate share of net income generated by equity method investees.
Nature of Operations	Nature of Operations — We are a diverse media enterprise, serving audiences and businesses through a portfolio of local television stations and national news and entertainment networks. All of our businesses provide content and services via digital platforms, including the Internet, smartphones and tablets. Our media businesses are organized into the following reportable business segments: Local Media, Scripps Networks and Other. Additional information for our business segments is presented in Note 12. Segment Information.
Use of Estimates	Use of Estimates — Preparing financial statements in accordance with accounting principles generally accepted in the United States of America requires us to make a variety of decisions that affect the reported amounts and the related disclosures. Such decisions include the selection of accounting principles that reflect the economic substance of the underlying transactions and the assumptions on which to base accounting estimates. In reaching such decisions, we apply judgment based on our understanding and analysis of the relevant circumstances, including our historical experience, actuarial studies and other assumptions. Our financial statements include estimates and assumptions used in the periods over which long-lived assets are depreciated or amortized; the fair value of long-lived assets, goodwill and indefinite lived assets; the liability for uncertain tax positions and valuation allowances against deferred income tax assets; the fair value of assets acquired and liabilities assumed in business combinations; and self-insured risks. While we re-evaluate our estimates and assumptions on an ongoing basis, actual results could differ from those estimated at the time of preparation of the financial statements.
Nature of Products and Services	Nature of Products and Services — The following is a description of principal activities from which we generate revenue. Core Advertising — Core advertising is comprised of sales to local and national customers. The advertising includes a combination of broadcast airtime, as well as digital advertising. Pricing of advertising time is based on audience size and share, the demographic of our audiences and the demand for our limited inventory of commercial time. Advertising time is sold through a combination of local and national sales staff and national sales representative firms. Digital revenues are primarily generated from the sale of advertising to local and national customers on our local television websites, smartphone apps, tablet apps and other platforms. Political Advertising — Political advertising is generally sold through our Washington D.C. sales office. Advertising is sold to presidential, gubernatorial, Senate and House of Representative candidates, as well as for state and local issues. It is also sold to political action groups (PACs) or other advocacy groups. Distribution Revenues — We earn revenues from cable operators, satellite carriers, other multi-channel video programming distributors (collectively "MVPDs"), other online video distributors and subscribers for access rights to our broadcast signals. These arrangements are generally governed by multi-year contracts and the fees we receive are typically based on the number of subscribers the respective distributor has and the contracted rate per subscriber.
Revenue Recognition	Revenue Recognition — Revenue is measured based on the consideration we expect to be entitled to in exchange for promised goods or services provided to customers, and excludes any amounts collected on behalf of third parties. Revenue is recognized upon transfer of control of promised products or services to customers. Advertising — Advertising revenue is recognized, net of agency commissions, over time primarily as ads are aired or impressions are delivered and any contracted audience guarantees are met. We apply the practical expedient to recognize revenue at the amount we have the right to invoice, which corresponds directly to the value a customer has received relative to our performance. For advertising sold based on audience guarantees, audience deficiency may result in an obligation to deliver additional advertisements to the customer. To the extent that we do not satisfy contracted audience ratings, we record deferred revenue until such time that the audience guarantee has been satisfied. Distribution — Our primary source of distribution revenue is from retransmission consent contracts with MVPDs. Retransmission revenues are considered licenses of functional intellectual property and are recognized at the point in time the content is transferred to the customer. MVPDs report their subscriber numbers to us generally on a 30- to 90-day lag. Prior to receiving the MVPD reporting, we record revenue based on estimates of the number of subscribers, utilizing historical levels and trends of subscribers for each MVPD. Cost of Revenues — Cost of revenues reflects the cost of providing our broadcast signals, programming and other content to respective distribution platforms. The costs captured within the cost of revenues caption include programming, content distribution, satellite transmission fees, production and operations and other direct costs.
Contract Balances	Contract Balances — Timing of revenue recognition may differ from the timing of cash collection from customers. We record a receivable when revenue is recognized prior to cash receipt, or unearned revenue when cash is collected in advance of revenue being recognized. Payment terms may vary by contract type, although our terms generally include a requirement of payment within 30 to 90 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services.
Leases	Leases — We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, other current liabilities and operating lease liabilities in our Condensed Consolidated Balance Sheets. Finance leases are included in property and equipment, other current liabilities and other long-term liabilities in our Condensed Consolidated Balance Sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As the implicit rate is not readily determinable for most of our leases, we use our incremental borrowing rate when determining the present value of lease payments. The incremental borrowing rate represents an estimate of the interest rate we would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of the lease. The operating lease ROU asset also includes any payments made at or before commencement and is reduced by any lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
Share-Based Compensation	Share-Based Compensation — We have a Long-Term Incentive Plan (the “Plan”) which is described more fully in our 2022 Annual Report on Form 10-K. The Plan provides for the award of incentive and nonqualified stock options, stock appreciation rights, restricted stock units ("RSUs") and unrestricted Class A Common shares and performance units to key employees and non-employee directors.
Earnings Per Share (EPS)	Earnings Per Share (“EPS”) — Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our RSUs, are considered participating securities for purposes of calculating EPS. Under the two-class method, we allocate a portion of net income to these participating securities and, therefore, exclude that income from the calculation of EPS for common stock. We do not allocate losses to the participating securities.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	In March 2020, the Financial Accounting Standards Board ("FASB") issued new guidance that provides optional expedients and exceptions to certain accounting requirements to facilitate the transition away from the use of the London Interbank Offered Rate ("LIBOR") and other interbank offered rates. The guidance was effective as of March 12, 2020 and the sunset date of the guidance was deferred to December 31, 2024, subject to meeting certain criteria, that have contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. We evaluate transactions and contract modifications occurring as a result of reference rate reform and determine whether to apply the optional guidance on an ongoing basis.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
Summary of Significant Accounting Policies (Tables)	Mar. 31, 2023
Accounting Policies [Abstract]
Components of basic and diluted weighted-average shares	The following table presents information about basic and diluted weighted-average shares outstanding: Three Months Ended (in thousands) 2023 2022 Numerator (for basic and diluted earnings per share) Net income (loss) $ (18,540) $ 22,365 Less income allocated to RSUs — (276) Less preferred stock dividends (12,576) (12,576) Numerator for basic and diluted earnings per share $ (31,116) $ 9,513 Denominator Basic weighted-average shares outstanding 83,751 82,788 Effect of dilutive securities — 9,485 Diluted weighted-average shares outstanding 83,751 92,273

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2023
Leases [Abstract]
Schedule of information related to operating leases	Other information related to our leases was as follows: (in thousands, except lease term and discount rate) As of As of Balance Sheet Information Operating Leases Right-of-use assets $ 115,313 $ 117,869 Other current liabilities 20,411 19,599 Operating lease liabilities 101,786 106,866 Financing Leases Property and equipment, at cost 28,321 28,321 Accumulated depreciation 265 69 Property and equipment, net 28,056 28,252 Other current liabilities — 426 Other liabilities 28,997 28,063 Weighted Average Remaining Lease Term Operating leases 8.00 years 8.22 years Finance leases 35.25 years 35.50 years Weighted Average Discount Rate Operating leases 4.45 % 4.34 % Finance leases 7.10 % 7.10 %
Schedule of lease cost information	Three Months Ended (in thousands) 2023 2022 Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 6,379 $ 6,058 Operating cash flows from finance leases — — Financing cash flows from finance leases — — Right-of-use assets obtained in exchange for new operating lease obligations 2,439 231 Right-of-use assets obtained in exchange for new finance lease obligations — —
Schedule of minimum lease payments under non-cancellable operating leases	Future minimum lease payments under non-cancellable leases as of March 31, 2023 were as follows: (in thousands) Operating Finance Remainder of 2023 $ 20,854 $ 426 2024 25,042 1,302 2025 20,366 1,776 2026 18,295 1,824 2027 15,759 1,875 Thereafter 45,369 92,050 Total future minimum lease payments 145,685 99,253 Less: Imputed interest (23,488) (70,256) Total $ 122,197 $ 28,997
Schedule of minimum lease payments under non-cancellable finance leases	Future minimum lease payments under non-cancellable leases as of March 31, 2023 were as follows: (in thousands) Operating Finance Remainder of 2023 $ 20,854 $ 426 2024 25,042 1,302 2025 20,366 1,776 2026 18,295 1,824 2027 15,759 1,875 Thereafter 45,369 92,050 Total future minimum lease payments 145,685 99,253 Less: Imputed interest (23,488) (70,256) Total $ 122,197 $ 28,997

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
Goodwill and Other Intangible Assets (Tables)	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	Goodwill consisted of the following: (in thousands) Local Media Scripps Networks Other Total Gross balance as of December 31, 2022 $ 1,122,408 $ 2,028,890 $ 7,190 $ 3,158,488 Accumulated impairment losses (216,914) (21,000) — (237,914) Net balance as of December 31, 2022 $ 905,494 $ 2,007,890 $ 7,190 $ 2,920,574 Gross balance as of March 31, 2023 $ 1,122,408 $ 2,028,890 $ 7,190 $ 3,158,488 Accumulated impairment losses (216,914) (21,000) — (237,914) Net balance as of March 31, 2023 $ 905,494 $ 2,007,890 $ 7,190 $ 2,920,574
Summary of other finite-lived intangible assets	Other intangible assets consisted of the following: (in thousands) As of As of Amortizable intangible assets: Carrying amount: Television affiliation relationships $ 1,060,244 $ 1,060,244 Customer lists and advertiser relationships 220,997 220,997 Other 136,100 136,100 Total carrying amount 1,417,341 1,417,341 Accumulated amortization: Television affiliation relationships (235,610) (222,092) Customer lists and advertiser relationships (112,983) (106,654) Other (50,800) (47,156) Total accumulated amortization (399,393) (375,902) Net amortizable intangible assets 1,017,948 1,041,439 Indefinite-lived intangible assets — FCC licenses 779,815 779,815 Total other intangible assets $ 1,797,763 $ 1,821,254
Schedule of indefinite-lived intangible assets	Other intangible assets consisted of the following: (in thousands) As of As of Amortizable intangible assets: Carrying amount: Television affiliation relationships $ 1,060,244 $ 1,060,244 Customer lists and advertiser relationships 220,997 220,997 Other 136,100 136,100 Total carrying amount 1,417,341 1,417,341 Accumulated amortization: Television affiliation relationships (235,610) (222,092) Customer lists and advertiser relationships (112,983) (106,654) Other (50,800) (47,156) Total accumulated amortization (399,393) (375,902) Net amortizable intangible assets 1,017,948 1,041,439 Indefinite-lived intangible assets — FCC licenses 779,815 779,815 Total other intangible assets $ 1,797,763 $ 1,821,254

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
Long-Term Debt (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Components of long-term debt	Long-term debt consisted of the following: (in thousands) As of As of Revolving credit facility $ 20,000 $ — Senior secured notes, due in 2029 523,356 523,356 Senior unsecured notes, due in 2027 425,667 425,667 Senior unsecured notes, due in 2031 392,071 392,071 Term loan, due in 2024 283,500 284,250 Term loan, due in 2026 734,534 736,437 Term loan, due in 2028 557,000 559,000 Total outstanding principal 2,936,128 2,920,781 Less: Debt issuance costs and issuance discounts (45,961) (48,376) Less: Current portion (18,612) (18,612) Net carrying value of long-term debt $ 2,871,555 $ 2,853,793 Fair value of long-term debt * $ 2,549,713 $ 2,677,845 * The fair values of debt are estimated based on either quoted private market transactions or observable estimates provided by third party financial professionals, and as such, are classified within Level 2 of the fair value hierarchy.

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
Other Liabilities (Tables)	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Other liabilities	Other liabilities consisted of the following: (in thousands) As of As of Employee compensation and benefits $ 27,873 $ 25,916 Deferred FCC repack income 44,960 46,205 Programming liability 275,121 263,093 Liability for pension benefits 77,745 78,279 Liabilities for uncertain tax positions 14,286 14,144 Finance leases 28,997 28,063 Other 26,626 28,359 Other liabilities (less current portion) $ 495,608 $ 484,059

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
Supplemental Cash Flow Information (Tables)	Mar. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Change in certain working capital accounts	The following table presents additional information about the change in certain working capital accounts: Three Months Ended (in thousands) 2023 2022 Accounts receivable $ 28,782 $ 9,361 Other current assets (15,453) 2,585 Accounts payable (4,100) 7,555 Accrued employee compensation and benefits (3,325) (24,552) Accrued interest (16,936) (19,922) Other accrued liabilities (12,216) (6,608) Unearned revenue 504 (1,917) Other, net (3,969) (263) Total $ (26,713) $ (33,761)

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
Employee Benefit Plans (Tables)	Mar. 31, 2023
Retirement Benefits [Abstract]
Components of employee benefit plan expense	The components of the employee benefit plan expense consisted of the following: Three Months Ended (in thousands) 2023 2022 Interest cost $ 5,935 $ 4,333 Expected return on plan assets, net of expenses (6,306) (6,224) Amortization of actuarial loss and prior service cost 5 1,014 Total for defined benefit pension plan (366) (877) SERPs 232 214 Defined contribution plan 4,429 4,453 Net periodic benefit cost $ 4,295 $ 3,790

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Information regarding business segments	Information regarding our business segments is as follows: Three Months Ended (in thousands) 2023 2022 Segment operating revenues: Local Media $ 311,923 $ 326,661 Scripps Networks 216,473 239,068 Other 3,756 4,151 Intersegment eliminations (4,374) (4,174) Total operating revenues $ 527,778 $ 565,706 Segment profit (loss): Local Media $ 45,843 $ 54,393 Scripps Networks 51,526 85,076 Other (1,532) (1,113) Shared services and corporate (23,405) (23,211) Acquisition and related integration costs — (1,642) Restructuring costs (16,511) — Depreciation and amortization of intangible assets (38,543) (39,745) Gains (losses), net on disposal of property and equipment (896) (2,481) Interest expense (48,838) (36,499) Gain on extinguishment of debt — 1,234 Defined benefit pension plan income 134 663 Miscellaneous, net (503) (407) Income (loss) from operations before income taxes $ (32,725) $ 36,268 Depreciation: Local Media $ 9,853 $ 10,142 Scripps Networks 4,736 4,785 Other 45 44 Shared services and corporate 419 399 Total depreciation $ 15,053 $ 15,370 Amortization of intangible assets: Local Media $ 8,980 $ 8,980 Scripps Networks 13,009 14,209 Other 449 481 Shared services and corporate 1,052 705 Total amortization of intangible assets $ 23,490 $ 24,375 Additions to property and equipment: Local Media $ 7,267 $ 9,313 Scripps Networks 194 3,209 Other — 9 Shared services and corporate 835 56 Total additions to property and equipment $ 8,296 $ 12,587
Disaggregation of principal revenue generating activities	A disaggregation of the principal activities from which we generate revenue is as follows: Three Months Ended (in thousands) 2023 2022 Operating revenues: Core advertising $ 348,574 $ 392,535 Political 3,525 5,946 Distribution 166,559 157,600 Other 9,120 9,625 Total operating revenues $ 527,778 $ 565,706

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Mar. 31, 2023
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)	Changes in accumulated other comprehensive income (loss) ("AOCI") by component, including items reclassified out of AOCI, were as follows: Three Months Ended March 31, 2023 (in thousands) Defined Benefit Pension Items Other Total Beginning balance, December 31, 2022 $ (77,327) $ (144) $ (77,471) Other comprehensive income (loss) before reclassifications — — — Amounts reclassified from AOCI, net of tax of $8 (a) 25 — 25 Net current-period other comprehensive income (loss) 25 — 25 Ending balance, March 31, 2023 $ (77,302) $ (144) $ (77,446) Three Months Ended March 31, 2022 (in thousands) Defined Benefit Pension Items Other Total Beginning balance, December 31, 2021 $ (73,713) $ (196) $ (73,909) Other comprehensive income (loss) before reclassifications — — — Amounts reclassified from AOCI, net of tax of $257 (a) 827 3 830 Net current-period other comprehensive income (loss) 827 3 830 Ending balance, March 31, 2022 $ (72,886) $ (193) $ (73,079) (a) Actuarial gain (loss) is included in defined benefit pension plan expense in the Condensed Consolidated Statements of Operations

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 4,644		$ 4,963
Unearned revenue	18,687		$ 18,183
Prior year unearned revenue recognized in period	4,600
Share-based compensation costs	$ 3,500	$ 9,300
Potentially dilutive shares (in shares)	420,000
Antidilutive RSUs outstanding (in shares)	1,400,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator (for basic and diluted earnings per share)
Income from continuing operations, net of tax	$ (18,540)	$ 22,365
Less income allocated to RSUs (basic)	0	(276)
Less income allocated to RSUs (diluted)	0	(276)
Less preferred stock dividends	(12,576)	(12,576)
Numerator for basic earnings per share	(31,116)	9,513
Numerator for diluted earnings per share	$ (31,116)	$ 9,513
Denominator
Basic weighted-average shares outstanding (in shares)	83,751	82,788
Effect of dilutive securities (in shares)	0	9,485
Diluted weighted-average shares outstanding (in shares)	83,751	92,273

Acquisitions - Acquisition Info

Acquisitions - Acquisition Information (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 05, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Net cash consideration		$ 0	$ 13,797
Goodwill		$ 2,920,574		$ 2,920,574
Nuvyyo
Business Acquisition [Line Items]
Net cash consideration	$ 13,800
Amortizable intangible assets	7,200
Goodwill	$ 7,200
Nuvyyo \| Minimum
Business Acquisition [Line Items]
Intangible asset, estimated amortization period	3 years
Nuvyyo \| Maximum
Business Acquisition [Line Items]
Intangible asset, estimated amortization period	5 years

Asset Write-Downs and Other C_2

Asset Write-Downs and Other Charges and Credits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restructuring costs	$ 16,500
Acquisition and related integration costs	0		$ 1,642
Gain on extinguishment of debt	0	$ 7,400	1,234
TrueReal Restructuring \| Write-Down Of Programming Assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restructuring costs incurred	$ 13,600
Senior unsecured notes, due in 2027
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Additional loan principal payment			42,200
Senior secured notes, due in 2029
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Additional loan principal payment			26,600
Senior unsecured notes, due in 2031
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Additional loan principal payment			$ 54,500

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Operating Loss Carryforwards [Line Items]
Effective income tax rate	43%	38%
Net impact of various items effecting the income tax effective rate	$ 1.2	$ 1.1
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Impact of change in state tax rate		$ 4.7

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Lessee, Lease, Description [Line Items]
Option to extend leases, term	5 years
Option to terminate leases, term	1 year
Operating lease costs	$ 6,800	$ 6,500
Short-term lease costs	400	$ 400
Finance lease right-of-use asset amortization	200
Finance lease interest expense	$ 500
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	36 years

Leases - Information Related to

Leases - Information Related to Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Operating Leases
Right-of-use assets	$ 115,313	$ 117,869
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current
Other current liabilities	$ 20,411	19,599
Operating lease liabilities	101,786	106,866
Financing Leases
Property and equipment, at cost	28,321	28,321
Accumulated depreciation	265	69
Property and equipment, net	28,056	28,252
Other current liabilities	0	426
Other liabilities	$ 28,997	$ 28,063
Weighted Average Remaining Lease Term
Operating leases	8 years	8 years 2 months 19 days
Finance leases	35 years 3 months	35 years 6 months
Weighted Average Discount Rate
Operating leases	4.45%	4.34%
Finance leases	7.10%	7.10%

Leases - Lease Cost Information

Leases - Lease Cost Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 6,379	$ 6,058
Operating cash flows from finance leases	0	0
Financing cash flows from finance leases	0	0
Right-of-use assets obtained in exchange for new operating lease obligations	2,439	231
Right-of-use assets obtained in exchange for new finance lease obligations	$ 0	$ 0

Leases - Minimum Lease Payments

Leases - Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Lessee, Operating Lease, Liability, to be Paid [Abstract]
Remainder of 2023	$ 20,854
2024	25,042
2025	20,366
2026	18,295
2027	15,759
Thereafter	45,369
Total future minimum lease payments	145,685
Less: Imputed interest	(23,488)
Total	122,197
Finance Lease, Liability, to be Paid [Abstract]
Remainder of 2023	426
2024	1,302
2025	1,776
2026	1,824
2027	1,875
Thereafter	92,050
Total future minimum lease payments	99,253
Less: Imputed interest	(70,256)
Total	$ 28,997

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Goodwill [Roll Forward]
Gross beginning balance	$ 3,158,488
Accumulated impairment losses, beginning balance	(237,914)
Net balance, beginning of period	2,920,574
Gross ending balance	3,158,488
Accumulated impairment losses, ending balance	(237,914)
Net balance, end of period	2,920,574
Local Media
Goodwill [Roll Forward]
Gross beginning balance	1,122,408
Accumulated impairment losses, beginning balance	(216,914)
Net balance, beginning of period	905,494
Gross ending balance	1,122,408
Accumulated impairment losses, ending balance	(216,914)
Net balance, end of period	905,494
Scripps Networks
Goodwill [Roll Forward]
Gross beginning balance	2,028,890
Accumulated impairment losses, beginning balance	(21,000)
Net balance, beginning of period	2,007,890
Gross ending balance	2,028,890
Accumulated impairment losses, ending balance	(21,000)
Net balance, end of period	2,007,890
Other
Goodwill [Roll Forward]
Gross beginning balance	7,190
Accumulated impairment losses, beginning balance	0
Net balance, beginning of period	7,190
Gross ending balance	7,190
Accumulated impairment losses, ending balance	0
Net balance, end of period	$ 7,190

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Carrying amount:
Total carrying amount	$ 1,417,341	$ 1,417,341
Accumulated amortization:
Total accumulated amortization	(399,393)	(375,902)
Net amortizable intangible assets	1,017,948	1,041,439
Indefinite-lived intangible assets — FCC licenses	779,815	779,815
Total other intangible assets	1,797,763	1,821,254
Television affiliation relationships
Carrying amount:
Total carrying amount	1,060,244	1,060,244
Accumulated amortization:
Total accumulated amortization	(235,610)	(222,092)
Customer lists and advertiser relationships
Carrying amount:
Total carrying amount	220,997	220,997
Accumulated amortization:
Total accumulated amortization	(112,983)	(106,654)
Other
Carrying amount:
Total carrying amount	136,100	136,100
Accumulated amortization:
Total accumulated amortization	$ (50,800)	$ (47,156)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Goodwill [Line Items]
Estimated amortization expense, remainder of 2023	$ 70,600,000
Estimated amortization expense, 2024	92,700,000
Estimated amortization expense, 2025	89,600,000
Estimated amortization expense, 2026	86,100,000
Estimated amortization expense, 2027	83,200,000
Estimated amortization expense, 2028	62,000,000
Estimated amortization expense, in later years	533,700,000
Goodwill impairment	$ 0	$ 0
Local Media
Goodwill [Line Items]
Percentage fair value in excess of carrying value			30%
Scripps Networks
Goodwill [Line Items]
Percentage fair value in excess of carrying value			2.50%
Increase in basis points			0.0050
Decrease in annual cash flows			$ 25,000,000

Long-Term Debt - Components of

Long-Term Debt - Components of Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	May 01, 2019
Components of Long-term debt
Total outstanding principal	$ 2,936,128	$ 2,920,781
Less: Debt issuance costs and issuance discounts	(45,961)	(48,376)
Less: Current portion	(18,612)	(18,612)
Net carrying value of long-term debt	2,871,555	2,853,793
Fair value of long-term debt	2,549,713	2,677,845
Senior secured notes, due in 2029 \| Senior secured debt
Components of Long-term debt
Total outstanding principal	523,356	523,356
Senior unsecured notes, due in 2027 \| Senior unsecured notes
Components of Long-term debt
Total outstanding principal	425,667	425,667
Senior unsecured notes, due in 2031 \| Senior unsecured notes
Components of Long-term debt
Total outstanding principal	392,071	392,071
Term loan, due in 2024
Components of Long-term debt
Total outstanding principal	283,500	284,250
Term loan, due in 2026
Components of Long-term debt
Total outstanding principal	734,534	736,437
Less: Debt issuance costs and issuance discounts			$ (23,000)
Term loan, due in 2028
Components of Long-term debt
Total outstanding principal	557,000	559,000
Revolving credit facility \| Revolving credit facility
Components of Long-term debt
Total outstanding principal	$ 20,000	$ 0

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details)						1 Months Ended	3 Months Ended			12 Months Ended
Long-Term Debt - Narrative (Details)	Jan. 07, 2021 USD ($)	Dec. 30, 2020 USD ($)	Jul. 26, 2019 USD ($)	May 01, 2019 USD ($)	Oct. 02, 2017 USD ($)	Feb. 28, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Debt issuance costs							$ 45,961,000	$ 48,376,000		$ 48,376,000
Aggregate amount of debt principal repurchase program authorized						$ 500,000,000
Gain on extinguishment of debt							0	7,400,000	$ 1,234,000
Revolving credit facility \| Revolving credit facility
Debt Instrument [Line Items]
Revolving credit borrowing capacity	$ 400,000,000
Number of days before maturity	91 days
Outstanding under Revolving Credit Facility							$ 20,000,000
Interest rate on line of credit facility							9.50%
Net leverage ratio requirement							4.50
Revolving credit facility \| Revolving credit facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Weighted average interest rate during the period							7.32%
Revolving credit facility \| Revolving credit facility \| Minimum
Debt Instrument [Line Items]
Percentage of commitment fees of total unused commitment under revolving credit facility	0.30%
Revolving credit facility \| Revolving credit facility \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
LIBOR plus margin range	1.75%
Revolving credit facility \| Revolving credit facility \| Maximum
Debt Instrument [Line Items]
Percentage of commitment fees of total unused commitment under revolving credit facility	0.50%
Revolving credit facility \| Revolving credit facility \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
LIBOR plus margin range	2.50%
Revolving credit facility \| Letter of credit
Debt Instrument [Line Items]
Letters of credit outstanding							$ 6,400,000	$ 7,100,000		$ 7,100,000
Term loan, due in 2024
Debt Instrument [Line Items]
Debt face value					$ 300,000,000
Net leverage ratio requirement					2.75
Annual principal payments					$ 3,000,000
Variable interest rate							6.92%	6.38%		6.38%
Weighted average interest rate							6.53%		2.15%
Term loan, due in 2024 \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
LIBOR plus margin range					2%
Term loan, due in 2024 \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
LIBOR plus margin range					1.75%
Term loan, due in 2026
Debt Instrument [Line Items]
Debt face value				$ 765,000,000
Annual principal payments				7,600,000
Variable interest rate							7.48%	6.95%		6.95%
Weighted average interest rate							7.10%		3.31%
Minimum LIBOR Rate	0.75%
Debt issuance costs				$ 23,000,000
Term loan, due in 2026 \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
LIBOR plus margin range				2.56%
Sixth Amendment Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
LIBOR plus margin range	2.75%
Sixth Amendment Facility \| Term loans
Debt Instrument [Line Items]
Debt issuance costs	$ 23,400,000
Sixth Amendment Facility \| Term loans \| ION Media
Debt Instrument [Line Items]
Debt face value	800,000,000
Term loan, due in 2028
Debt Instrument [Line Items]
Annual principal payments	$ 8,000,000
Minimum LIBOR Rate	0.75%
Additional loan principal payment										$ 100,000,000
Written off deferred financing costs										$ 1,100,000
Term loan, due in 2028 \| Term loans
Debt Instrument [Line Items]
Weighted average interest rate							7.28%		3.75%
Debt stated rate							7.67%	7.13%		7.13%
Senior secured notes due 2029 \| Senior notes
Debt Instrument [Line Items]
Debt face value		$ 550,000,000
Debt issuance costs		$ 13,800,000
Debt stated rate		3.875%
Debt issuance price as a percentage of par		100%
Additional loan principal payment									$ 26,600,000
Senior secured notes due 2029 \| Senior notes \| Redemption Period One
Debt Instrument [Line Items]
Redemption as a percent of principal		40%
Debt redemption price		103.875%
Senior secured notes due 2029 \| Senior notes \| Redemption Period Two
Debt Instrument [Line Items]
Debt redemption price		100%
Senior unsecured notes, due in 2027
Debt Instrument [Line Items]
Additional loan principal payment									42,200,000
Senior unsecured notes, due in 2027 \| Senior notes
Debt Instrument [Line Items]
Debt face value			$ 500,000,000
Debt issuance costs			$ 10,700,000
Debt stated rate			5.875%
Debt issuance price as a percentage of par			100%
Additional loan principal payment								$ 16,800,000	42,200,000
Senior unsecured notes, due in 2031
Debt Instrument [Line Items]
Additional loan principal payment									54,500,000
Senior unsecured notes, due in 2031 \| Senior notes
Debt Instrument [Line Items]
Debt face value		$ 500,000,000
Debt issuance costs		$ 12,500,000
Debt stated rate		5.375%
Debt issuance price as a percentage of par		100%
Additional loan principal payment								$ 31,400,000	$ 54,500,000
Senior unsecured notes, due in 2031 \| Senior notes \| Redemption Period One
Debt Instrument [Line Items]
Redemption as a percent of principal		40%
Debt redemption price		105.375%
Senior unsecured notes, due in 2031 \| Senior notes \| Redemption Period Two
Debt Instrument [Line Items]
Debt redemption price		100%

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other liabilities
Employee compensation and benefits	$ 27,873	$ 25,916
Deferred FCC repack income	44,960	46,205
Programming liability	275,121	263,093
Liability for pension benefits	77,745	78,279
Liabilities for uncertain tax positions	14,286	14,144
Other liabilities	28,997	28,063
Other	26,626	28,359
Other liabilities (less current portion)	$ 495,608	$ 484,059

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Changes in Certain Working Capital Accounts, Net
Accounts receivable	$ 28,782	$ 9,361
Other current assets	(15,453)	2,585
Accounts payable	(4,100)	7,555
Accrued employee compensation and benefits	(3,325)	(24,552)
Accrued interest	(16,936)	(19,922)
Other accrued liabilities	(12,216)	(6,608)
Unearned revenue	504	(1,917)
Other, net	(3,969)	(263)
Total	$ (26,713)	$ (33,761)

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net periodic benefit cost	$ 4,295	$ 3,790
Defined contribution plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net periodic benefit cost	4,429	4,453
Defined benefit plans
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	5,935	4,333
Expected return on plan assets, net of expenses	(6,306)	(6,224)
Amortization of actuarial loss and prior service cost	5	1,014
Total for defined benefit pension plan	(366)	(877)
SERPs
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net periodic benefit cost	$ 232	$ 214

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - SERPs $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Contributions to benefit plan	$ 0.2
Estimated future contributions	$ 1.2

Segment Information - Narrative

Segment Information - Narrative (Details) - Local Media	Mar. 31, 2023 station affiliate lowPowerStation
Segment Reporting Information [Line Items]
Number of local broadcast stations \| station	61
Number of low power stations operated \| lowPowerStation	10
ABC affiliates
Segment Reporting Information [Line Items]
Number of affiliates	18
NBC affiliates
Segment Reporting Information [Line Items]
Number of affiliates	11
CBS affiliates
Segment Reporting Information [Line Items]
Number of affiliates	9
FOX affiliates
Segment Reporting Information [Line Items]
Number of affiliates	4
CW affiliates
Segment Reporting Information [Line Items]
Number of affiliates	12
Number of full power stations \| station	4
Number of multicast \| station	8
Independent stations
Segment Reporting Information [Line Items]
Number of affiliates	5

Segment Information - Schedule

Segment Information - Schedule of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Information regarding business segments
Total operating revenues	$ 527,778		$ 565,706
Acquisition and related integration costs	0		(1,642)
Restructuring costs	(16,511)		0
Depreciation and amortization of intangible assets	(38,543)		(39,745)
Gains (losses), net on disposal of property and equipment	(896)		(2,481)
Interest expense	(48,838)		(36,499)
Gain on extinguishment of debt	0	$ 7,400	1,234
Defined benefit pension plan income	134		663
Miscellaneous, net	(503)		(407)
Income (loss) from operations before income taxes	(32,725)		36,268
Depreciation:
Total depreciation	15,053		15,370
Amortization of intangible assets:
Total amortization of intangible assets	23,490		24,375
Additions to property and equipment:
Total additions to property and equipment	8,296		12,587
Intersegment eliminations
Information regarding business segments
Total operating revenues	(4,374)		(4,174)
Shared services and corporate
Information regarding business segments
Segment profit (loss):	(23,405)		(23,211)
Depreciation:
Total depreciation	419		399
Amortization of intangible assets:
Total amortization of intangible assets	1,052		705
Additions to property and equipment:
Total additions to property and equipment	835		56
Local Media \| Operating segments
Information regarding business segments
Total operating revenues	311,923		326,661
Segment profit (loss):	45,843		54,393
Depreciation:
Total depreciation	9,853		10,142
Amortization of intangible assets:
Total amortization of intangible assets	8,980		8,980
Additions to property and equipment:
Total additions to property and equipment	7,267		9,313
Scripps Networks \| Operating segments
Information regarding business segments
Total operating revenues	216,473		239,068
Segment profit (loss):	51,526		85,076
Depreciation:
Total depreciation	4,736		4,785
Amortization of intangible assets:
Total amortization of intangible assets	13,009		14,209
Additions to property and equipment:
Total additions to property and equipment	194		3,209
Other \| Operating segments
Information regarding business segments
Total operating revenues	3,756		4,151
Segment profit (loss):	(1,532)		(1,113)
Depreciation:
Total depreciation	45		44
Amortization of intangible assets:
Total amortization of intangible assets	449		481
Additions to property and equipment:
Total additions to property and equipment	$ 0		$ 9

Segment Information - Disaggreg

Segment Information - Disaggregation of Revenue Generating Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 527,778	$ 565,706
Core advertising
Disaggregation of Revenue [Line Items]
Total operating revenues	348,574	392,535
Political
Disaggregation of Revenue [Line Items]
Total operating revenues	3,525	5,946
Other
Disaggregation of Revenue [Line Items]
Total operating revenues	9,120	9,625
Distribution
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 166,559	$ 157,600

Capital Stock (Details)

Capital Stock (Details) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
	Jan. 07, 2021 $ / shares shares	Mar. 31, 2023 USD ($) director classOfCommonShare	Mar. 31, 2022 USD ($)
Class of Stock [Line Items]
Classes of common shares \| classOfCommonShare		2
Minimum number of directors up for election to entitle shareholders to vote \| director		3
Percentage of directors up for election if more than minimum number		33.33%
Preferred stock dividends \| $		$ 12,000	$ 12,000
Preferred stock \| Berkshire Hathaway \| ION Media
Class of Stock [Line Items]
Preferred shares issued (in shares) \| shares	6
Face value of preferred shares (in dollars per share) \| $ / shares	$ 100,000
Preferred shares redemption price, as a percent	105%
Preferred stock dividend rate	8%
Preferred stock dividend rate if dividends not paid in cash	9%
Preferred stock dividends \| $		$ 12,000	$ 12,000
Common stock, Class A \| Berkshire Hathaway
Class of Stock [Line Items]
Number of shares purchasable by warrant (up to) (in shares) \| shares	23,100
Exercise right of warrants (in dollars per share) \| $ / shares	$ 13

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Loss [Roll Forward]
Equity, beginning balance	$ 2,130,825	$ 1,970,434
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from AOCI, net of tax	25	830
Net current-period other comprehensive income (loss)	25	830
Equity, ending balance	2,099,808	1,984,029
Defined Benefit Pension Items
Accumulated Other Comprehensive Loss [Roll Forward]
Equity, beginning balance	(77,327)	(73,713)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from AOCI, net of tax	25	827
Net current-period other comprehensive income (loss)	25	827
Equity, ending balance	(77,302)	(72,886)
Actuarial gain (loss) tax amount	8	257
Other
Accumulated Other Comprehensive Loss [Roll Forward]
Equity, beginning balance	(144)	(196)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from AOCI, net of tax	0	3
Net current-period other comprehensive income (loss)	0	3
Equity, ending balance	(144)	(193)
AOCI Attributable to Parent
Accumulated Other Comprehensive Loss [Roll Forward]
Equity, beginning balance	(77,471)	(73,909)
Equity, ending balance	$ (77,446)	$ (73,079)