2021 Q4 Form 10-K Financial Statement

#000007169122000006 Filed on February 23, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $594.2M $2.075B $509.4M
YoY Change 16.66% 16.33% 0.2%
Cost Of Revenue $280.2M $1.040B $250.5M
YoY Change 11.87% 8.27% 34.32%
Gross Profit $314.0M $1.035B $258.9M
YoY Change 21.28% 25.74% -19.57%
Gross Profit Margin 52.84% 49.9% 50.83%
Selling, General & Admin $164.3M $545.1M $125.8M
YoY Change 30.62% 20.44% -44.65%
% of Gross Profit 52.33% 52.65% 48.59%
Research & Development $41.59M $160.9M $36.80M
YoY Change 13.02% 20.61%
% of Gross Profit 13.25% 15.54% 14.21%
Depreciation & Amortization $13.97M $57.50M $15.70M
YoY Change -11.0% -7.46% 3.29%
% of Gross Profit 4.45% 5.55% 6.06%
Operating Expenses $219.9M $705.9M $178.3M
YoY Change 23.32% 20.48% -26.44%
Operating Profit $94.12M $268.0M $80.53M
YoY Change 16.86% 52.07% 3.3%
Interest Expense $992.0K $32.95M $3.200M
YoY Change -69.0% 41.39% -390.91%
% of Operating Profit 1.05% 12.29% 3.97%
Other Income/Expense, Net -$2.682M -$10.48M -$1.800M
YoY Change 49.0% 21.84% -300.0%
Pretax Income $92.43M $290.5M $6.268M
YoY Change 1374.55% 151.66% -91.74%
Income Tax $22.54M $70.53M -$4.475M
% Of Pretax Income 24.38% 24.28% -71.39%
Net Earnings $69.89M $220.0M $10.01M
YoY Change 598.26% 119.74% -85.33%
Net Earnings / Revenue 11.76% 10.6% 1.97%
Basic Earnings Per Share $1.31 $0.06
Diluted Earnings Per Share $414.4K $1.31 $0.06
COMMON SHARES
Basic Shares Outstanding 167.9M shares 167.4M shares
Diluted Shares Outstanding 168.5M shares 168.2M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $661.0M $661.0M $595.2M
YoY Change 11.06% 11.06% 37.71%
Cash & Equivalents $320.0M $320.0M $286.1M
Short-Term Investments $341.1M $341.1M $309.1M
Other Short-Term Assets $25.55M $58.75M $27.50M
YoY Change -7.07% 3.07% -34.72%
Inventory
Prepaid Expenses $33.20M $29.49M
Receivables $232.9M $232.9M $183.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $952.7M $952.7M $835.8M
YoY Change 13.98% 13.99% 16.6%
LONG-TERM ASSETS
Property, Plant & Equipment $575.0M $575.0M $594.5M
YoY Change -3.29% -3.29% -5.2%
Goodwill $166.4M $171.7M
YoY Change -3.09% 23.78%
Intangibles $14.25M
YoY Change
Long-Term Investments $441.3M $441.3M $286.8M
YoY Change 53.86% 43.41% 13.95%
Other Assets $346.7M $414.6M $319.3M
YoY Change 8.56% 6.58% 33.28%
Total Long-Term Assets $1.611B $1.611B $1.472B
YoY Change 9.48% 9.48% 7.25%
TOTAL ASSETS
Total Short-Term Assets $952.7M $952.7M $835.8M
Total Long-Term Assets $1.611B $1.611B $1.472B
Total Assets $2.564B $2.564B $2.308B
YoY Change 11.11% 11.11% 10.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $127.1M $127.1M $123.2M
YoY Change 3.18% 3.14% 5.65%
Accrued Expenses $146.3M $312.8M $137.1M
YoY Change 6.74% 21.14% 10.7%
Deferred Revenue $119.3M $105.3M
YoY Change 13.24% 19.14%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $559.2M $559.2M $486.7M
YoY Change 14.88% 14.89% 11.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $133.0M $464.2M $127.6M
YoY Change 4.28% -5.8% 1.07%
Total Long-Term Liabilities $464.2M $464.2M $492.8M
YoY Change -5.8% -5.8% 3.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $559.2M $559.2M $486.7M
Total Long-Term Liabilities $464.2M $464.2M $492.8M
Total Liabilities $1.023B $1.025B $979.6M
YoY Change 4.47% 4.4% 7.03%
SHAREHOLDERS EQUITY
Retained Earnings $1.845B $1.673B
YoY Change 10.33% 3.72%
Common Stock $230.1M $216.7M
YoY Change 6.18% 4.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $171.2M $171.2M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.539B $1.539B $1.326B
YoY Change
Total Liabilities & Shareholders Equity $2.564B $2.564B $2.308B
YoY Change 11.11% 11.11% 10.46%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $69.89M $220.0M $10.01M
YoY Change 598.26% 119.74% -85.33%
Depreciation, Depletion And Amortization $13.97M $57.50M $15.70M
YoY Change -11.0% -7.46% 3.29%
Cash From Operating Activities $59.54M $269.1M $91.20M
YoY Change -34.71% -9.68% 33.53%
INVESTING ACTIVITIES
Capital Expenditures -$10.89M $34.64M -$5.300M
YoY Change 105.42% 0.54% -56.91%
Acquisitions
YoY Change
Other Investing Activities -$40.23M -$3.716M -$6.600M
YoY Change 509.62% 30.34% -104.62%
Cash From Investing Activities -$51.12M -$180.8M -$11.80M
YoY Change 333.24% -9.18% -109.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -11.99M -$54.95M -9.300M
YoY Change 28.96% 22.18% -96.31%
NET CHANGE
Cash From Operating Activities 59.54M $269.1M 91.20M
Cash From Investing Activities -51.12M -$180.8M -11.80M
Cash From Financing Activities -11.99M -$54.95M -9.300M
Net Change In Cash -3.574M $33.34M 70.10M
YoY Change -105.1% -38.11% -231.27%
FREE CASH FLOW
Cash From Operating Activities $59.54M $269.1M $91.20M
Capital Expenditures -$10.89M $34.64M -$5.300M
Free Cash Flow $70.43M $234.5M $96.50M
YoY Change -27.02% -11.01% 19.73%

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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
247518000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
259799000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
334306000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
301964000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
247518000 USD
CY2021 us-gaap Interest Paid Net
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546000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
508000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
66443000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24382000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30407000 USD
CY2021 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements. Actual results could differ from these estimates.</span></div>
CY2021 us-gaap Fiscal Period
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">Fiscal years 2021, 2020 and 2019 each comprised 52</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">weeks, and ended as of December 26, 2021, December 27, 2020, and December 29, 2019, respectively. </span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">In December 2021, the Board of Directors approved a resolution to change the Company’s fiscal year from a 52/53 week fiscal year ending the last Sunday of December to a calendar year. Accordingly, the Company’s 2022 fiscal year, which commenced December 27, 2021, will be extended from December 25, 2022, to December 31,2022, and subsequent fiscal years will begin on January 1 and end on December 31 of each year.</span></div>
CY2021 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments, which potentially subject us to concentration of risk, are cash and cash equivalents and marketable securities. Cash is placed with major financial institutions. As of December 26, 2021, we had cash balances at financial institutions in excess of federal insurance limits. We periodically evaluate the credit standing of these financial institutions as part of our ongoing investment strategy.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">Our marketable securities portfolio consists of investment-grade securities diversified among security types, issuers and industries. Our cash equivalents and marketable securities are primarily managed by third-party investment managers who are required to adhere to investment policies approved by our Board of Directors designed to mitigate risk.</span></div>
CY2021 us-gaap Operating Lease Impairment Loss
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0 USD
CY2021 us-gaap Impairment Lessor Asset Under Operating Lease
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0 USD
CY2021Q4 us-gaap Self Insurance Reserve
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CY2020Q4 us-gaap Self Insurance Reserve
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2074877000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1783639000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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123000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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42000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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20000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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61000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
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3400000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
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1800000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
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340252000 USD
CY2021Q4 nyt Debt Securities Availableforsale Gross Unrealized Gains Current
DebtSecuritiesAvailableforsaleGrossUnrealizedGainsCurrent
937000 USD
CY2021Q4 nyt Debt Securities Availableforsale Gross Unrealized Losses Current
DebtSecuritiesAvailableforsaleGrossUnrealizedLossesCurrent
114000 USD
CY2021Q4 nyt Debt Securities Availableforsale Securities Current
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CY2020Q4 us-gaap Debt Securities Available For Sale Amortized Cost Noncurrent
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CY2020Q4 nyt Debt Securities Availableforsale Gross Unrealized Gain Non Current
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3716000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent
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CY2021Q4 nyt Debt Securities Availableforsale Gross Unrealized Gain Non Current
DebtSecuritiesAvailableforsaleGrossUnrealizedGainNonCurrent
149000 USD
CY2021Q4 nyt Debt Securities Availableforsale Gross Unrealized Losses Non Current
DebtSecuritiesAvailableforsaleGrossUnrealizedLossesNonCurrent
2720000 USD
CY2021Q4 nyt Debt Securities Availableforsale Securities Non Current
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CY2020Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
308490000 USD
CY2020Q4 nyt Debt Securities Availableforsale Gross Unrealized Gains Current
DebtSecuritiesAvailableforsaleGrossUnrealizedGainsCurrent
604000 USD
CY2020Q4 nyt Debt Securities Availableforsale Gross Unrealized Losses Current
DebtSecuritiesAvailableforsaleGrossUnrealizedLossesCurrent
14000 USD
CY2020Q4 nyt Debt Securities Availableforsale Securities Current
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309080000 USD
CY2020Q4 nyt Debt Securities Availableforsale Gross Unrealized Losses Non Current
DebtSecuritiesAvailableforsaleGrossUnrealizedLossesNonCurrent
28000 USD
CY2020Q4 nyt Debt Securities Availableforsale Securities Non Current
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CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
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0 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
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0 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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6114000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
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CY2019Q4 us-gaap Goodwill
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CY2020 us-gaap Goodwill Acquired During Period
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27269000 USD
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
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CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-5297000 USD
CY2021Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2020 us-gaap Income Loss From Equity Method Investments
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5000000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2021Q4 us-gaap Equity Securities Fv Ni Cost
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27900000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni Cost
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20900000 USD
CY2021Q4 nyt Equity Securities Fvni Accumulated Unrealized Gain
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15300000 USD
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
15200000 USD
CY2020 us-gaap Equity Securities Fv Ni Realized Gain Loss
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2500000 USD
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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12000000 USD
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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7600000 USD
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2021 us-gaap Marketing And Advertising Expense
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CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
135900000 USD
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
167900000 USD
CY2021 us-gaap Marketing Expense
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CY2020 us-gaap Marketing Expense
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129600000 USD
CY2019 us-gaap Marketing Expense
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156900000 USD
CY2021 us-gaap Investment Income Interest
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6558000 USD
CY2020 us-gaap Investment Income Interest
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13983000 USD
CY2019 us-gaap Investment Income Interest
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CY2021 us-gaap Interest And Dividend Income Securities
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CY2020 us-gaap Interest And Dividend Income Securities
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CY2019 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1886000 USD
CY2021 us-gaap Interest Expense Debt Excluding Amortization
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780000 USD
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
757000 USD
CY2019 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
26928000 USD
CY2021 us-gaap Amortization Of Debt Discount Premium
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0 USD
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2019 us-gaap Amortization Of Debt Discount Premium
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CY2021 us-gaap Interest Paid Capitalized
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CY2020 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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CY2019 us-gaap Interest Paid Capitalized
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69000 USD
CY2021 us-gaap Interest Income Expense Net
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32945000 USD
CY2020 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
23330000 USD
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3820000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
286079000 USD
CY2021Q4 us-gaap Restricted Cash Current
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0 USD
CY2020Q4 us-gaap Restricted Cash Current
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686000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
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14333000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
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15199000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
334306000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
301964000 USD
CY2019 us-gaap Restructuring Charges
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4000000 USD
CY2021Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
2100000 USD
CY2020Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
5000000 USD
CY2021 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
161000000 USD
CY2020 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
123000000 USD
CY2021Q4 us-gaap Deferred Compensation Plan Assets
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52500000 USD
CY2020Q4 us-gaap Deferred Compensation Plan Assets
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49200000 USD
CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
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236300000 USD
CY2020Q4 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
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21101000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
22245000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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63614000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
52695000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
5360000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
4279000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
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CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
48366000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
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CY2020Q4 us-gaap Other Liabilities Noncurrent
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127585000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
24241000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
34537000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
16378000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.056
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3873000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.034
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5303000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.032
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
2782000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.010
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.022
CY2019 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.015
CY2021 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGainLossonLifeInsuranceAmount
-712000 USD
CY2021 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGainLossonLifeInsurancePercent
-0.002
CY2020 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGainLossonLifeInsuranceAmount
-635000 USD
CY2020 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGainLossonLifeInsurancePercent
-0.006
CY2019 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGainLossonLifeInsuranceAmount
-1662000 USD
CY2019 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGainLossonLifeInsurancePercent
-0.010
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
593000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.002
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.007
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
1938000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.012
CY2021 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationAmount
4140000 USD
CY2021 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationPercent
0.014
CY2020 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationAmount
1271000 USD
CY2020 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationPercent
0.011
CY2019 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationAmount
-355000 USD
CY2019 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationPercent
-0.002
CY2021 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
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5461000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0.019
CY2020 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
7251000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0.063
CY2019 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
6184000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0.038
CY2021 nyt Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncome
2972000 USD
CY2021 nyt Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income Percent
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncomePercent
0.010
CY2020 nyt Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncome
686000 USD
CY2020 nyt Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income Percent
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncomePercent
0.006
CY2019 nyt Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncome
2625000 USD
CY2019 nyt Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income Percent
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncomePercent
0.016
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5571000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.019
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3892000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.034
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5672000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.034
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
348000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-617000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1641000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.010
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70530000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14595000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.126
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24494000 USD
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.149
CY2021 us-gaap Current Federal Tax Expense Benefit
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55110000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
21414000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16283000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1042000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
905000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
823000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
20736000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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