The New York Times Company (NYT) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 28, 2020	Jul. 31, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 28, 2020
Document Transition Report	false
Entity File Number	1-5837
Entity Registrant Name	THE NEW YORK TIMES COMPANY
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-1102020
Entity Address, Address Line One	620 Eighth Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10018
City Area Code	212
Local Phone Number	556-1234
Title of 12(b) Security	Class A Common Stock
Trading Symbol	NYT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000071691
Current Fiscal Year End Date	--12-27
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		165,953,189
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		801,884

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 29, 2019
Current assets
Cash and cash equivalents	$ 249,312	$ 230,431
Short-term marketable securities	240,400	201,785
Accounts receivable (net of allowances of $13,646 in 2020 and $14,358 in 2019)	122,092	213,402
Prepaid expenses	28,382	29,089
Other current assets	42,331	42,124
Total current assets	682,517	716,831
Other assets
Long-term marketable securities	266,946	251,696
Property, plant and equipment (less accumulated depreciation and amortization of $978,828 in 2020 and $950,881 in 2019)	611,998	627,121
Goodwill	144,767	138,674
Deferred income taxes	111,355	115,229
Miscellaneous assets	240,774	239,587
Total assets	2,058,357	2,089,138
Current liabilities
Accounts payable	70,692	116,571
Accrued payroll and other related liabilities	66,004	108,865
Unexpired subscriptions revenue	99,674	88,419
Accrued expenses and other	134,742	123,840
Total current liabilities	371,112	437,695
Other liabilities
Pension benefits obligation	294,470	313,655
Postretirement benefits obligation	35,935	37,688
Other	125,809	126,237
Total other liabilities	456,214	477,580
Common stock of $.10 par value:
Additional paid-in capital	205,618	208,028
Retained earnings	1,659,158	1,612,658
Common stock held in treasury, at cost	(171,211)	(171,211)
Accumulated other comprehensive loss, net of income taxes:
Foreign currency translation adjustments	3,706	3,438
Funded status of benefit plans	(489,748)	(498,986)
Net unrealized gain on available-for-sale securities	4,086	572
Total accumulated other comprehensive loss, net of income taxes	(481,956)	(494,976)
Total New York Times Company stockholders’ equity	1,229,171	1,172,003
Noncontrolling interest	1,860	1,860
Total stockholders’ equity	1,231,031	1,173,863
Total liabilities and stockholders’ equity	2,058,357	2,089,138
Class A Common Stock
Common stock of $.10 par value:
Common stock value	17,482	17,424
Class B Common Stock
Common stock of $.10 par value:
Common stock value	$ 80	$ 80

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 29, 2019
Accounts receivable, allowances	$ 13,646	$ 14,358
Accumulated depreciation and amortization	$ 978,828	$ 950,881
Common stock, par value (in USD per share)	$ 0.1	$ 0.1
Class A Common Stock
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	174,820,777	174,242,668
Treasury stock shares (in shares)	8,870,801	8,870,801
Class B Common Stock
Common stock, shares authorized (in shares)	803,404	803,404
Common stock, shares issued (in shares)	803,404	803,404

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Revenues
Total revenues	$ 403,750	$ 436,258	$ 847,386	$ 875,320
Operating costs
Cost of revenue (excluding depreciation and amortization)	230,147	245,195	473,819	484,554
Sales and marketing	39,617	62,289	113,413	137,109
Product development	30,737	25,261	61,539	48,989
General and administrative	58,812	50,400	111,673	102,039
Depreciation and amortization	15,631	15,180	30,816	30,098
Total operating costs	374,944	398,325	791,260	802,789
Operating profit	28,806	37,933	56,126	72,531
Other components of net periodic benefit costs	2,149	1,833	4,463	3,668
Interest income/(expense) and other, net	2,786	(1,514)	16,640	(2,817)
Income from continuing operations before income taxes	29,443	34,586	68,303	66,046
Income tax expense	5,781	9,415	11,787	10,719
Net income	23,662	25,171	56,516	55,327
Net income attributable to The New York Times Company common stockholders	$ 23,662	$ 25,171	$ 56,516	$ 55,327
Average number of common shares outstanding:
Basic (in shares)	166,869	166,152	166,725	165,915
Diluted (in shares)	168,083	167,549	167,968	167,322
Basic earnings per share attributable to The New York Times Company common stockholders
Basic earnings per share attributable to The New York Times Company common stockholders (in usd per share)	$ 0.14	$ 0.15	$ 0.34	$ 0.33
Diluted earnings per share attributable to The New York Times Company common stockholders
Diluted earnings per share attributable to The New York Times Company common stockholders (in usd per share)	0.14	0.15	0.34	0.33
Dividends declared per share (in usd per share)	$ 0	$ 0.05	$ 0.06	$ 0.10
Subscription
Revenues
Total revenues	$ 293,189	$ 270,456	$ 578,623	$ 541,266
Advertising
Revenues
Total revenues	67,760	120,761	173,897	245,849
Other
Revenues
Total revenues	$ 42,801	$ 45,041	$ 94,866	$ 88,205

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 23,662	$ 25,171	$ 56,516	$ 55,327
Other comprehensive income, before tax:
Income/(loss) on foreign currency translation adjustments	619	1,522	365	(127)
Pension and postretirement benefits obligation	6,231	4,896	12,628	9,792
Net unrealized gain on available-for-sale securities	4,075	1,415	4,790	3,489
Other comprehensive income, before tax	10,925	7,833	17,783	13,154
Income tax expense	2,848	2,015	4,763	3,414
Other comprehensive income, net of tax	8,077	5,818	13,020	9,740
Comprehensive income attributable to The New York Times Company common stockholders	$ 31,739	$ 30,989	$ 69,536	$ 65,067

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Total New York Times Company Stockholders’ Equity	Capital Stock - Class A and Class B Common	Additional Paid-in Capital	Retained Earnings	Common Stock Held in Treasury, at Cost	Accumulated Other Comprehensive Loss, Net of Income Taxes	Non- controlling Interest
Balance, beginning of period at Dec. 30, 2018	$ 1,042,641	$ 1,040,781	$ 17,396	$ 206,316	$ 1,506,004	$ (171,211)	$ (517,724)	$ 1,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	55,327	55,327			55,327
Dividends	(16,637)	(16,637)			(16,637)
Other comprehensive income	9,740	9,740					9,740
Issuance of shares:
Stock options - Class A shares	2,965	2,965	28	2,937
Restricted stock units vested - Class A shares	(3,725)	(3,725)	22	(3,747)
Performance-based awards - Class A shares	(11,924)	(11,924)	42	(11,966)
Stock-based compensation	6,816	6,816		6,816
Balance, end of period at Jun. 30, 2019	1,085,203	1,083,343	17,488	200,356	1,544,694	(171,211)	(507,984)	1,860
Balance, beginning of period at Mar. 31, 2019	1,059,814	1,057,954	17,482	197,626	1,527,859	(171,211)	(513,802)	1,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	25,171	25,171			25,171
Dividends	(8,336)	(8,336)			(8,336)
Other comprehensive income	5,818	5,818					5,818
Issuance of shares:
Restricted stock units vested - Class A shares	(273)	(273)	6	(279)
Stock-based compensation	3,009	3,009		3,009
Balance, end of period at Jun. 30, 2019	1,085,203	1,083,343	17,488	200,356	1,544,694	(171,211)	(507,984)	1,860
Balance, beginning of period at Dec. 29, 2019	1,173,863	1,172,003	17,504	208,028	1,612,658	(171,211)	(494,976)	1,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	56,516	56,516			56,516
Dividends	(10,016)	(10,016)			(10,016)
Other comprehensive income	13,020	13,020					13,020
Issuance of shares:
Stock options - Class A shares	1,873	1,873	18	1,855
Restricted stock units vested - Class A shares	(3,883)	(3,883)	14	(3,897)
Performance-based awards - Class A shares	(7,824)	(7,824)	26	(7,850)
Stock-based compensation	7,482	7,482		7,482
Balance, end of period at Jun. 28, 2020	1,231,031	1,229,171	17,562	205,618	1,659,158	(171,211)	(481,956)	1,860
Balance, beginning of period at Mar. 29, 2020	1,193,574	1,191,714	17,552	199,933	1,635,473	(171,211)	(490,033)	1,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,662	23,662			23,662
Dividends	23	23			23
Other comprehensive income	8,077	8,077					8,077
Issuance of shares:
Stock options - Class A shares	942	942	9	933
Restricted stock units vested - Class A shares	(274)	(274)	1	(275)
Stock-based compensation	5,027	5,027		5,027
Balance, end of period at Jun. 28, 2020	$ 1,231,031	$ 1,229,171	$ 17,562	$ 205,618	$ 1,659,158	$ (171,211)	$ (481,956)	$ 1,860

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Statement of Stockholders' Equity [Abstract]
Stock options (in shares)	90,735		179,510	279,510
Restricted stock unit vested (in shares)	6,516	59,967	141,501	221,087
Performance-based awards (in shares)			257,098	418,491

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 56,516	$ 55,327
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,816	30,098
Amortization of right of use asset	4,645	3,520
Stock-based compensation expense	7,482	6,826
Deferred income taxes	1,209	0
Gain on non-marketable equity investment	(10,074)	(1,886)
Long-term retirement benefit obligations	(8,524)	(11,574)
Fair market value adjustment on life insurance products	170	(2,048)
Other-net	1,514	(7,801)
Changes in operating assets and liabilities:
Accounts receivable-net	91,310	59,673
Other assets	(1,292)	(14,555)
Accounts payable, accrued payroll and other liabilities	(64,019)	(57,217)
Unexpired subscriptions	11,255	3,637
Net cash provided by operating activities	118,590	64,000
Cash flows from investing activities
Purchases of marketable securities	(278,773)	(225,765)
Maturities of marketable securities	228,938	223,327
Business acquisitions	(8,055)	0
Proceeds from sale of investments – net	4,074	110
Capital expenditures	(21,510)	(23,065)
Other-net	2,388	1,872
Net cash used in investing activities	(72,938)	(23,521)
Long-term obligations:
Repayment of debt and finance lease obligations	0	(230)
Dividends paid	(18,359)	(14,936)
Capital shares:
Proceeds from stock option exercises	1,873	2,965
Share-based compensation tax withholding	(11,706)	(15,649)
Net cash used in financing activities	(28,192)	(27,850)
Net increase in cash, cash equivalents and restricted cash	17,460	12,629
Effect of exchange rate changes on cash	162	305
Cash, cash equivalents and restricted cash at the beginning of the period	247,518	259,799
Cash, cash equivalents and restricted cash at the end of the period	$ 265,140	$ 272,733

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 28, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION In the opinion of management of The New York Times Company (the “Company”), the Condensed Consolidated Financial Statements present fairly the financial position of the Company as of June 28, 2020 and December 29, 2019 , and the results of operations, changes in stockholders’ equity and cash flows of the Company for the periods ended June 28, 2020 , and June 30, 2019 . The Company and its consolidated subsidiaries are referred to collectively as “we,” “us” or “our.” All adjustments necessary for a fair presentation have been included and are of a normal and recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The financial statements were prepared in accordance with the requirements of the Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain notes or other financial information that are normally required by accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted from these interim financial statements. These financial statements, therefore, should be read in conjunction with the Consolidated Financial Statements and related Notes included in our Annual Report on Form 10-K for the year ended December 29, 2019 . Due to the seasonal nature of our business, operating results for the interim periods are not necessarily indicative of a full year’s operations. The fiscal periods included herein comprise 13 weeks and 26 weeks for the second quarter and six months, respectively. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our Condensed Consolidated Financial Statements. Actual results could differ from these estimates. Reclassification The Company has changed the expense captions on its Condensed Consolidated Statement of Operations effective for the quarter ended March 29, 2020 . These changes were made in order to reflect how the Company manages its business and to communicate where the Company is investing resources and how this aligns with the Company’s strategy. The Company has reclassified expenses for the prior period in order to present comparable financial results. There is no change to consolidated operating income, operating expense, net income or cash flows as a result of this change in classification. See Note 15 for more detail.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 28, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Except as described herein, as of June 28, 2020 , our significant accounting policies, which are detailed in our Annual Report on Form 10-K for the year ended December 29, 2019 , have not changed materially. Recently Adopted Accounting Pronouncements Accounting Standard Update(s) Topic Effective Period Summary 2018-15 Intangibles—Goodwill and Other—Internal-Use Software Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Clarifies the accounting for implementation costs in cloud computing arrangements. The standard provides that implementation costs be evaluated for capitalization using the same criteria as that used for internal-use software development costs, with amortization expense being recorded in the same income statement expense line as the hosted service costs and over the expected term of the hosting arrangement. The Company adopted this ASU prospectively on December 30, 2019 and will include capitalized implementation costs in Miscellaneous assets in the Company’s Condensed Consolidated Balance Sheet and within Total operating costs in the Condensed Consolidated Statement of Operations. The adoption did not have a material impact on the Company’s consolidated financial statements. 2018-13 Fair Value Measurement (Topic 820) Disclosure Framework Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Modifies the disclosure requirements on fair value measurements. The amendments of disclosures related to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted this ASU on December 30, 2019. The adoption did not have a material impact on the Company’s disclosures. 2016-13 Financial Instruments—Credit Losses Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Amends guidance on reporting credit losses for assets, including trade receivables, available-for-sale marketable securities and any other financial assets not excluded from the scope that have the contractual right to receive cash. For trade receivables, ASU 2016-13 eliminates the probable initial recognition threshold in current generally accepted accounting standards, and, instead, requires an entity to reflect its current estimate of all expected credit losses. For available-for-sale marketable securities, credit losses should be measured in a manner similar to current generally accepted accounting standards; however, ASU 2016-13 will require that credit losses be presented as an allowance rather than as a write-down. The Company adopted this ASU on December 30, 2019 using a modified retrospective approach. The adoption did not have a material impact on the Company’s consolidated financial statements. Recently Issued Accounting Pronouncements The Financial Accounting Standards Board (the “FASB”) issued authoritative guidance on the following topics: Accounting Standard Update(s) Topic Effective Period Summary 2019-12 Simplifying the Accounting for Income Taxes (Topic 740) Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption is permitted. Simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in Accounting Standards Codification (“ASC”) 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The standard also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. We do not expect this guidance to have a material impact on our consolidated financial statements. 2018-14 Compensation—Retirement Benefits—Defined Benefit Plans—General Fiscal years ending after December 15, 2020. Early adoption is permitted. Modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement benefit plans. The guidance removes disclosures, clarifies the specific requirements of disclosures and adds disclosure requirements identified as relevant. We are currently in the process of evaluating the impact on our consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Jun. 28, 2020
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE We generate revenues principally from subscriptions and advertising. Subscription revenues consist of revenues from subscriptions to our print and digital products (which include our news product, as well as our Crossword, Cooking and audio products) and single-copy and bulk sales of our print products. Subscription revenues are based on both the number of copies of the printed newspaper sold and digital-only subscriptions, and the rates charged to the respective customers. Advertising revenues are primarily derived from offerings sold directly to marketers by our advertising sales team. A significantly smaller and diminishing proportion of our total advertising revenues is generated through programmatic auctions run by third-party ad exchanges. Advertising revenues are primarily determined by the volume, rate and mix of advertisements. Display advertising revenue is principally from advertisers promoting products, services or brands. Display advertising also includes advertisements that direct viewers to branded content on our platforms. Other print advertising revenue primarily includes classified advertising revenue. Other digital advertising revenue primarily includes creative services fees, including those associated with our branded content studio; advertising revenue from our podcasts; and advertising revenue generated by Wirecutter, our product review and recommendation website. Other revenues primarily consist of revenues from licensing, affiliate referrals from Wirecutter, the leasing of floors in the New York headquarters building located at 620 Eighth Avenue, New York, New York (the “Company Headquarters”), commercial printing, television and film, retail commerce and NYT Live (our live events business). Subscription, advertising and other revenues were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2020 As % of total June 30, 2019 As % of total June 28, 2020 As % of total June 30, 2019 As % of total Subscription $ 293,189 72.6 % $ 270,456 62.0 % $ 578,623 68.3 % $ 541,266 61.8 % Advertising 67,760 16.8 % 120,761 27.7 % 173,897 20.5 % 245,849 28.1 % Other (1) 42,801 10.6 % 45,041 10.3 % 94,866 11.2 % 88,205 10.1 % Total $ 403,750 100.0 % $ 436,258 100.0 % $ 847,386 100.0 % $ 875,320 100.0 % (1) Other revenue includes building rental revenue, which is not under the scope of Revenue from Contracts with Customers (Topic 606). Building rental revenue was approximately $7 million for the second quarters of 2020 and 2019, respectively, and approximately $15 million for the first six months of 2020 and 2019, respectively. The following table summarizes print and digital subscription revenues, which are components of subscription revenues above, for the second quarters and first six months ended June 28, 2020 , and June 30, 2019 : For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Print subscription revenues: Domestic home delivery subscription revenues (1) $ 132,971 $ 133,038 $ 266,708 $ 268,241 Single copy, NYT International and other subscription revenues (2) 14,234 24,783 35,921 50,531 Subtotal print subscription revenues 147,205 157,821 302,629 318,772 Digital-only subscription revenues: News product subscription revenues (3) 132,922 104,430 251,880 206,776 Other product subscription revenues (4) 13,062 8,205 24,114 15,718 Subtotal digital-only subscriptions 145,984 112,635 275,994 222,494 Total subscription revenues $ 293,189 $ 270,456 $ 578,623 $ 541,266 (1) Includes free access to some or all of the Company’s digital products. (2) NYT International is the international edition of our print newspaper. (3) Includes revenues from subscriptions to the Company’s news product. News product subscription packages that include access to the Company’s Crossword and Cooking products are also included in this category. (4) Includes revenues from standalone subscriptions to the Company’s Crossword, Cooking and audio products. Advertising revenues (print and digital) by category were as follows: For the Quarters Ended June 28, 2020 June 30, 2019 (In thousands) Print Digital Total Print Digital Total Advertising revenues: Display $ 21,460 $ 30,466 $ 51,926 $ 55,859 $ 42,833 $ 98,692 Other 6,769 9,065 15,834 6,876 15,193 22,069 Total advertising $ 28,229 $ 39,531 $ 67,760 $ 62,735 $ 58,026 $ 120,761 For the Six Months Ended June 28, 2020 June 30, 2019 (In thousands) Print Digital Total Print Digital Total Advertising revenues: Display $ 69,619 $ 70,360 $ 139,979 $ 118,201 $ 84,945 $ 203,146 Other 13,589 20,329 33,918 14,079 28,624 42,703 Total advertising $ 83,208 $ 90,689 $ 173,897 $ 132,280 $ 113,569 $ 245,849 Performance Obligations We have remaining performance obligations related to digital archive and other licensing and certain advertising contracts. As of June 28, 2020 , the aggregate amount of transaction price allocated to the remaining performance obligations for contracts with a duration greater than one year was approximately $138 million . The Company will recognize this revenue as performance obligations are satisfied. We expect that approximately $26 million , $45 million and $67 million will be recognized in the remainder of 2020, 2021 and thereafter, respectively. Contract Assets As of June 28, 2020 , and December 29, 2019 , the Company had $2.6 million and $3.4 million , respectively, in contract assets recorded in the Condensed Consolidated Balance Sheets related to digital archiving licensing revenue. The contract asset is reclassified to Accounts receivable when the customer is invoiced based on the contractual billing schedule. The decrease in the contract assets balance of $0.8 million for the six months ended June 28, 2020 , is due to consideration that was reclassified to Accounts receivable when invoiced based on the contractual billing schedules for the period ended June 28, 2020 .

Marketable Securities

Marketable Securities	6 Months Ended
	Jun. 28, 2020
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	MARKETABLE SECURITIES The Company accounts for its marketable securities as available for sale (“AFS”). The Company recorded $5.6 million and $0.8 million of net unrealized gains in Accumulated other comprehensive income (“AOCI”) as of June 28, 2020 , and December 29, 2019 , respectively. The following tables present the amortized cost, gross unrealized gains and losses, and fair market value of our AFS debt securities as of June 28, 2020 , and December 29, 2019 : June 28, 2020 (In thousands) Amortized Cost Gross unrealized gains Gross unrealized losses Fair Value Short-term AFS securities Corporate debt securities $ 105,615 $ 669 $ (13 ) $ 106,271 U.S. Treasury securities 78,826 179 (1 ) 79,004 U.S. governmental agency securities 35,965 180 (1 ) 36,144 Commercial paper 15,981 — — 15,981 Certificates of deposit 3,000 — — 3,000 Total short-term AFS securities $ 239,387 $ 1,028 $ (15 ) $ 240,400 Long-term AFS securities Corporate debt securities $ 114,618 $ 1,751 $ (28 ) $ 116,341 U.S. Treasury securities 92,680 2,714 — 95,394 U.S. governmental agency securities 55,089 125 (3 ) 55,211 Total long-term AFS securities $ 262,387 $ 4,590 $ (31 ) $ 266,946 December 29, 2019 (In thousands) Amortized Cost Gross unrealized gains Gross unrealized losses Fair Value Short-term AFS securities Corporate debt securities $ 98,864 $ 271 $ (9 ) $ 99,126 U.S. Treasury securities 43,098 8 (11 ) 43,095 U.S. governmental agency securities 37,471 35 (4 ) 37,502 Commercial paper 12,561 — — 12,561 Certificates of deposit 9,501 — — 9,501 Total short-term AFS securities $ 201,495 $ 314 $ (24 ) $ 201,785 Long-term AFS securities Corporate debt securities $ 103,149 $ 617 $ (29 ) $ 103,737 U.S. Treasury securities 101,457 84 (103 ) 101,438 U.S. governmental agency securities 46,600 5 (84 ) 46,521 Total long-term AFS securities $ 251,206 $ 706 $ (216 ) $ 251,696 The following tables represent the AFS securities as of June 28, 2020 , and December 29, 2019 , that were in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position: June 28, 2020 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross unrealized losses Fair Value Gross unrealized losses Fair Value Gross unrealized losses Short-term AFS securities Corporate debt securities $ 22,721 $ (13 ) $ — $ — $ 22,721 $ (13 ) U.S. Treasury securities 14,496 (1 ) — — 14,496 (1 ) U.S. governmental agency securities 9,999 (1 ) — — 9,999 (1 ) Total short-term AFS securities $ 47,216 $ (15 ) $ — $ — $ 47,216 $ (15 ) Long-term AFS securities Corporate debt securities $ 17,542 $ (28 ) $ — $ — $ 17,542 $ (28 ) U.S. governmental agency securities 8,747 (3 ) — — 8,747 (3 ) Total long-term AFS securities $ 26,289 $ (31 ) $ — $ — $ 26,289 $ (31 ) December 29, 2019 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross unrealized losses Fair Value Gross unrealized losses Fair Value Gross unrealized losses Short-term AFS securities Corporate debt securities $ 20,975 $ (6 ) $ 8,251 $ (3 ) $ 29,226 $ (9 ) U.S. Treasury securities 13,296 (3 ) 11,147 (8 ) 24,443 (11 ) U.S. governmental agency securities — — 15,000 (4 ) 15,000 (4 ) Total short-term AFS securities $ 34,271 $ (9 ) $ 34,398 $ (15 ) $ 68,669 $ (24 ) Long-term AFS securities Corporate debt securities $ 35,891 $ (25 ) $ 4,502 $ (4 ) $ 40,393 $ (29 ) U.S. Treasury securities 60,935 (103 ) — — 60,935 (103 ) U.S. governmental agency securities 34,167 (84 ) — — 34,167 (84 ) Total long-term AFS securities $ 130,993 $ (212 ) $ 4,502 $ (4 ) $ 135,495 $ (216 ) We assess AFS securities on a quarterly basis or more often if a potential loss-triggering event occurs. For AFS securities in an unrealized loss position, we first assess whether we intend to sell, or if it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For AFS securities that do not meet the aforementioned criteria, we evaluate whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, we consider the extent to which fair value is less than amortized cost, creditworthiness of the security, and adverse conditions specifically related to the security. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. As of June 28, 2020 , we did not intend to sell and it was not likely that we would be required to sell these investments before recovery of their amortized cost basis, which may be at maturity. As of June 28, 2020 , we have recognized no losses or allowance for credit losses related to AFS securities. As of June 28, 2020 , our short-term and long-term marketable securities had remaining maturities of less than 1 month to 12 months and 13 months to 36 months , respectively. See Note 8 for more information regarding the fair value of our marketable securities.

Goodwill and Intangibles

Goodwill and Intangibles	6 Months Ended
	Jun. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	GOODWILL AND INTANGIBLES During the first quarter of 2020, the Company acquired Listen In Audio, Inc., a company that transforms journalism articles into audio that is made available in a subscription-based product named “Audm,” in an all-cash transaction. We paid $8.6 million (comprised of $8.0 million cash payment and $0.6 million note receivable previously issued by the Company, which was canceled at the close of the transaction) and entered into agreements that will likely require retention payments over the three years following the acquisition. The Company allocated the purchase price for this acquisition based on the final valuation of assets acquired and liabilities assumed, resulting in allocations primarily to goodwill and intangibles as of June 28, 2020 . The carrying amount of the intangible asset of $2.7 million related to this acquisition has been included in Miscellaneous Assets in our Condensed Consolidated Balance Sheets. The estimated useful life for this asset is 8 years and it is amortized on a straight-line basis. The changes in the carrying amount of goodwill as of June 28, 2020 , and since December 29, 2019 , were as follows: (In thousands) Total Company Balance as of December 29, 2019 $ 138,674 Business acquisition 5,818 Foreign currency translation 275 Balance as of June 28, 2020 $ 144,767 The foreign currency translation line item reflects changes in goodwill resulting from fluctuating exchange rates related to the consolidation of certain international subsidiaries. The aggregate carrying amount of intangible assets of $4.5 million is included in Miscellaneous assets in our Condensed Consolidated Balance Sheets as of June 28, 2020

Investments

Investments	6 Months Ended
	Jun. 28, 2020
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS Non-Marketable Equity Securities Our non-marketable equity securities are investments in privately held companies/funds without readily determinable market values. Gains and losses on non-marketable securities sold or impaired are recognized in Interest income/(expense) and other, net . As of June 28, 2020 , and December 29, 2019 , non-marketable equity securities included in Miscellaneous assets in our Condensed Consolidated Balance Sheets had a carrying value of $19.3 million and $13.4 million , respectively. During the first six months of 2020 , we recorded a $10.1 million gain related to a non-marketable equity investment transaction. The gain is comprised of $2.5 million realized gain due to the partial sale of the investment and a $7.6 million unrealized gain due to the mark to market of the remaining investment, and is included in Interest income/(expense) and other, net in our Condensed Consolidated Statements of Operations.

Other

Other	6 Months Ended
	Jun. 28, 2020
Other Income and Expenses [Abstract]
Other	OTHER Capitalized Computer Software Costs Amortization of capitalized computer software costs included in Depreciation and amortization in our Condensed Consolidated Statements of Operations were $3.9 million and $4.4 million in the second quarters of 2020 and 2019 , respectively, and $7.7 million and $8.7 million in the first six months of 2020 and 2019 , respectively, Interest income/(expense) and other, net Interest income/(expense) and other, net , as shown in the accompanying Condensed Consolidated Statements of Operations was as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Interest expense $ (189 ) $ (7,137 ) $ (381 ) $ (14,196 ) Amortization of debt costs and discount on debt — 205 — (688 ) Capitalized interest 10 8 17 52 Interest income and other expense, net (1) 2,965 5,410 17,004 12,015 Total interest income/(expense) and other, net $ 2,786 $ (1,514 ) $ 16,640 $ (2,817 ) (1) The six months ended June 28, 2020 , include a $10.1 million gain related to a non-marketable equity investment transaction. The six months ended June 30, 2019 , include a fair value adjustment of $1.9 million related to the sale of a non-marketable equity security. Restricted Cash A reconciliation of cash, cash equivalents and restricted cash as of June 28, 2020 , and December 29, 2019 , from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) June 28, 2020 December 29, 2019 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 249,312 $ 230,431 Restricted cash included within other current assets 531 528 Restricted cash included within miscellaneous assets 15,297 16,559 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 265,140 $ 247,518 Substantially all of the amount included in restricted cash is set aside to collateralize workers’ compensation obligations. Revolving Credit Facility In September 2019, the Company entered into a $250.0 million five-year unsecured revolving credit facility (the “Credit Facility”). Certain of the Company’s domestic subsidiaries have guaranteed the Company’s obligations under the Credit Facility. Borrowings under the Credit Facility bear interest at specified rates based on our utilization and consolidated leverage ratio. The Credit Facility contains various customary affirmative and negative covenants. In addition, the Company is obligated to pay a quarterly unused commitment fee of 0.20% . As of June 28, 2020 , there were no outstanding borrowings under the Credit Facility and the Company was in compliance with the financial covenants contained in the documents governing the Credit Facility. Severance Costs We recognized severance costs of $6.3 million and $0.7 million in the second quarters of 2020 and 2019 , respectively, and $6.7 million and $2.1 million in the first six months of 2020 and 2019, respectively. Severance costs recognized in 2020 were largely related to workforce reductions primarily affecting our advertising department. These costs are recorded in General and administrative costs in our Condensed Consolidated Statements of Operations. We had a severance liability of $12.0 million and $8.4 million included in Accrued expenses and other in our Condensed Consolidated Balance Sheets as of June 28, 2020 , and December 29, 2019 , respectively. We anticipate most of the payments will be made within the next twelve months.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 28, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is the price that would be received upon the sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date. The transaction would be in the principal or most advantageous market for the asset or liability, based on assumptions that a market participant would use in pricing the asset or liability. The fair value hierarchy consists of three levels: Level 1–quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; Level 2–inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3–unobservable inputs for the asset or liability. Assets/Liabilities Measured and Recorded at Fair Value on a Recurring Basis The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of June 28, 2020 , and December 29, 2019 : (In thousands) June 28, 2020 December 29, 2019 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Short-term AFS securities (1) Corporate debt securities $ 106,271 $ — $ 106,271 $ — $ 99,126 $ — $ 99,126 $ — U.S. Treasury securities 79,004 — 79,004 — 43,095 — 43,095 — U.S. governmental agency securities 36,144 — 36,144 — 37,502 — 37,502 — Commercial paper 15,981 — 15,981 — 12,561 — 12,561 — Certificates of deposit 3,000 — 3,000 — 9,501 — 9,501 — Total short-term AFS securities $ 240,400 $ — $ 240,400 $ — $ 201,785 $ — $ 201,785 $ — Long-term AFS securities (1) Corporate debt securities $ 116,341 $ — $ 116,341 $ — $ 103,737 $ — $ 103,737 $ — U.S. Treasury securities 95,394 — 95,394 — 101,438 — 101,438 — U.S. governmental agency securities 55,211 — 55,211 — 46,521 — 46,521 — Total long-term AFS securities $ 266,946 $ — $ 266,946 $ — $ 251,696 $ — $ 251,696 $ — Liabilities: Deferred compensation (2)(3) $ 18,871 $ 18,871 $ — $ — $ 23,702 $ 23,702 $ — $ — (1) We classified these investments as Level 2 since the fair value is based on market observable inputs for investments with similar terms and maturities. (2) The deferred compensation liability, included in Other liabilities—other in our Condensed Consolidated Balance Sheets, consists of deferrals under The New York Times Company Deferred Executive Compensation Plan (the “DEC”), which previously enabled certain eligible executives to elect to defer a portion of their compensation on a pre-tax basis. The deferred amounts are invested at the executives’ option in various mutual funds. The fair value of deferred compensation is based on the mutual fund investments elected by the executives and on quoted prices in active markets for identical assets. Participation in the DEC was frozen effective December 31, 2015. (3) The Company invests the assets associated with the deferred compensation liability in life insurance products. Our investments in life insurance products are included in Miscellaneous assets in our Condensed Consolidated Balance Sheets, and were $45.1 million as of June 28, 2020 , and $46.0 million as of December 29, 2019 . The fair value of these assets is measured using the net asset value per share (or its equivalent) and has not been classified in the fair value hierarchy.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
	Jun. 28, 2020
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits	PENSION AND OTHER POSTRETIREMENT BENEFITS Pension Single-Employer Plans We maintain The New York Times Companies Pension Plan (the “Pension Plan”), a frozen single-employer defined benefit pension plan. The Company also jointly sponsors a defined benefit plan with The NewsGuild of New York known as the Guild-Times Adjustable Pension Plan (the “APP”) that continues to accrue active benefits. We also have a foreign-based pension plan for certain employees (the “foreign plan”). The information for the foreign plan is combined with the information for U.S. non-qualified plans. The benefit obligation of the foreign plan is immaterial to our total benefit obligation. The components of net periodic pension cost/(income) were as follows: For the Quarters Ended June 28, 2020 June 30, 2019 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 2,607 $ — $ 2,607 $ 1,279 $ — $ 1,279 Interest cost 11,742 1,649 13,391 14,708 2,088 16,796 Expected return on plan assets (17,745 ) — (17,745 ) (20,259 ) — (20,259 ) Amortization of actuarial loss 5,655 1,522 7,177 4,635 1,094 5,729 Amortization of prior service credit (486 ) — (486 ) (486 ) — (486 ) Net periodic pension cost/(income) (1) $ 1,773 $ 3,171 $ 4,944 $ (123 ) $ 3,182 $ 3,059 For the Six Months Ended June 28, 2020 June 30, 2019 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 5,214 $ — $ 5,214 $ 2,557 $ — $ 2,557 Interest cost 23,484 3,297 26,781 29,417 4,176 33,593 Expected return on plan assets (35,481 ) — (35,481 ) (40,517 ) — (40,517 ) Amortization of actuarial loss 11,310 3,043 14,353 9,270 2,188 11,458 Amortization of prior service credit (972 ) — (972 ) (972 ) — (972 ) Net periodic pension cost/(income) (1) $ 3,555 $ 6,340 $ 9,895 $ (245 ) $ 6,364 $ 6,119 (1) The service cost component of net periodic pension cost is recognized in Total operating costs, while the other components are included in Other components of net periodic benefit costs in our Condensed Consolidated Statements of Operations, below Operating profit. During the first six months of 2020 and 2019 , we made pension contributions of $4.6 million and $4.3 million , respectively, to the APP. We expect contributions in 2020 to total approximately $9 million to satisfy funding requirements. Other Postretirement Benefits The components of net periodic postretirement benefit (income)/cost were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Service cost $ 7 $ 7 $ 14 $ 14 Interest cost 257 400 513 800 Amortization of actuarial loss 763 844 1,526 1,688 Amortization of prior service credit (1,223 ) (1,191 ) (2,279 ) (2,382 ) Net periodic postretirement benefit (income)/cost (1) $ (196 ) $ 60 $ (226 ) $ 120 (1) The service cost component of net periodic postretirement benefit cost is recognized in Total operating costs, while the other components are included in Other components of net periodic benefit costs in our Condensed Consolidated Statements of Operations, below Operating profit.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 28, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company had income tax expense of $5.8 million and $11.8 million in the second quarter and first six months of 2020 , respectively. The Company had income tax expense of $9.4 million and $10.7 million in the second quarter and first six months of 2019 , respectively. The Company’s effective tax rates from continuing operations were 19.6% and 17.3% for the second quarter and first six months of 2020 , respectively. The Company’s effective tax rates from continuing operations were 27.2% and 16.2% for the second quarter and first six months of 2019, respectively. The Company received a tax benefit in the second quarter of 2020 from a reduction in the Company’s reserve for uncertain tax positions, and in the first quarters of both 2020 and 2019 from stock price appreciation on stock-based awards that settled in the quarter, resulting in lower than statutory tax rates in the second quarter of 2020 and in the first six months of 2020 and 2019. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") was signed into law. We do not expect the tax provisions in the CARES Act to have a material impact on the Company’s consolidated financial statements.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 28, 2020
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE We compute earnings per share using a two-class method, which is an earnings allocation method used when a company’s capital structure includes either two or more classes of common stock or common stock and participating securities. This method determines earnings per share based on dividends declared on common stock and participating securities (i.e., distributed earnings), as well as participation rights of participating securities in any undistributed earnings. Earnings per share is computed using both basic shares and diluted shares. The difference between basic and diluted shares is that diluted shares include the dilutive effect of the assumed exercise of outstanding securities. Our stock options, stock-settled long-term performance awards and restricted stock units could have a significant impact on diluted shares. The difference between basic and diluted shares of approximately 1.2 million in the second quarter and first six months of 2020 and 1.4 million in the second quarter and first six months of 2019 , resulted primarily from the dilutive effect of certain stock options, performance awards and restricted stock units. Securities that could potentially be dilutive are excluded from the computation of diluted earnings per share when a loss from continuing operations exists or when the exercise price exceeds the market value of our Class A Common Stock, because their inclusion would result in an anti-dilutive effect on per share amounts. There were approximately 0.2 million restricted stock units excluded from the computation of diluted earnings per share because they were anti-dilutive in the first six months of 2020 , and no anti-dilutive stock options or stock-settled long-term performance awards excluded in the same period. There were no anti-dilutive stock options, stock-settled long-term performance awards or restricted stock units excluded from the computation of diluted earnings per share in the first six months of 2019 or in the second quarters of 2020 and 2019 , respectively.

Supplemental Stockholders' Equi

Supplemental Stockholders' Equity Information	6 Months Ended
	Jun. 28, 2020
Equity [Abstract]
Supplemental Stockholders' Equity Information	SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION In 2015, the Board of Directors authorized up to $101.1 million of repurchases of shares of the Company’s Class A Common Stock. As of June 28, 2020 , repurchases under this authorization totaled $84.9 million (excluding commissions) and $16.2 million remained under this authorization. The Company did not repurchase any shares during the first six months of 2020. All purchases were made pursuant to our publicly announced share repurchase program. Our Board of Directors has authorized us to purchase shares under this authorization from time to time, subject to market conditions and other factors. There is no expiration date with respect to this authorization. The following table summarizes the changes in AOCI by component as of June 28, 2020 : (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Net Unrealized Gain on Available-For-Sale Securities Total Accumulated Other Comprehensive Loss Balance as of December 29, 2019 $ 3,438 $ (498,986 ) $ 572 $ (494,976 ) Other comprehensive income before reclassifications, before tax 365 — 4,790 5,155 Amounts reclassified from accumulated other comprehensive loss, before tax — 12,628 — 12,628 Income tax expense 97 3,390 1,276 4,763 Net current-period other comprehensive income, net of tax 268 9,238 3,514 13,020 Balance as of June 28, 2020 $ 3,706 $ (489,748 ) $ 4,086 $ (481,956 ) The following table summarizes the reclassifications from AOCI for the six months ended June 28, 2020 : (In thousands) Detail about accumulated other comprehensive loss components Amounts reclassified from accumulated other comprehensive loss Affects line item in the statement where net income is presented Funded status of benefit plans: Amortization of prior service credit (1) $ (3,251 ) Other components of net periodic benefit costs Amortization of actuarial loss (1) 15,879 Other components of net periodic benefit costs Total reclassification, before tax (2) 12,628 Income tax expense 3,390 Income tax expense Total reclassification, net of tax $ 9,238 (1) These AOCI components are included in the computation of net periodic benefit cost for pension and other postretirement benefits. See Note 9 for more information. (2) There were no reclassifications relating to noncontrolling interest for the six months ended June 28, 2020 .

Segment Information

Segment Information	6 Months Ended
	Jun. 28, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The Company identifies a business as an operating segment if: (i) it engages in business activities from which it may earn revenues and incur expenses; (ii) its operating results are regularly reviewed by the Chief Operating Decision Maker (who is the Company’s President and Chief Executive Officer) to make decisions about resources to be allocated to the segment and assess its performance; and (iii) it has available discrete financial information. The Company has determined that it has one reportable segment. Therefore, all required segment information can be found in the Condensed Consolidated Financial Statements.

Contingent Liabilities

Contingent Liabilities	6 Months Ended
	Jun. 28, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	CONTINGENT LIABILITIES Legal Proceedings We are involved in various legal actions incidental to our business that are now pending against us. These actions are generally for amounts greatly in excess of the payments, if any, that may be required to be made. Although the Company cannot predict the outcome of these matters, it is possible that an unfavorable outcome in one or more matters could be material to the Company’s consolidated results of operations or cash flows for an individual reporting period. However, based on currently available information, management does not believe that the ultimate resolution of these matters, individually or in the aggregate, is likely to have a material effect on the Company’s financial position.

Reclassification

Reclassification	6 Months Ended
	Jun. 28, 2020
Accounting Changes and Error Corrections [Abstract]
Reclassification	RECLASSIFICATION The Company has changed the expense captions on its Condensed Consolidated Statement of Operations effective for the quarter ended March 29, 2020. These changes were made in order to reflect how the Company manages its business and to communicate where the Company is investing resources and how this aligns with the Company’s strategy. The Company has reclassified expenses for the prior period in order to present comparable financial results. There is no change to consolidated operating income, operating expense, net income or cash flows as a result of this change in classification. A summary of changes is as follows: “Production costs” has become “Cost of revenue”: ◦ Cost of revenue contains all costs related to content creation, subscriber and advertiser servicing, and print production and distribution costs as well as infrastructure costs related to delivering digital content, which include all cloud and cloud related costs as well as compensation for employees that enhance and maintain our platforms. This represents a change from previously disclosed production costs, which did not include distribution or subscriber servicing costs. In addition, certain product development costs previously included in production costs have been reclassified to product development. “Selling, general and administrative” has been split into three lines: ◦ Sales and marketing represents all costs related to the Company’s marketing efforts as well as advertising sales costs. ◦ Product development represents the Company’s investment into developing and enhancing new and existing product technology including engineering, product development, and data insights. ◦ General and administrative includes general management, corporate enterprise technology, building operations and unallocated overhead costs. In addition, incentive compensation, which was previously wholly included in selling, general and administrative, was reclassified to align with the classification of the related wages across each of the expense captions. A reconciliation of the expenses as previously disclosed to the recast presentation for the quarter and six months ended June 30, 2019 , is as follows: As Reported for the Quarter Ended June 30, 2019 Reclassification Recast for the Quarter Ended June 30, 2019 Operating costs Production costs: Wages and benefits $ 103,959 $ (103,959 ) (1)(2) $ — Raw materials 19,158 (19,158 ) (1) — Other production costs 49,897 (49,897 ) (1)(2) — Total production costs 173,014 (173,014 ) (1)(2) — Cost of revenue (excluding depreciation and amortization) — 245,195 (1)(3)(4) 245,195 Selling, general and administrative costs 210,131 (210,131 ) (3)(4)(5) — Sales and marketing — 62,289 (4)(5) 62,289 Product development — 25,261 (2)(4)(5) 25,261 General and administrative — 50,400 (4)(5) 50,400 Depreciation and amortization 15,180 — 15,180 Total operating costs $ 398,325 $ — $ 398,325 As Reported for the Six Months Ended June 30, 2019 Reclassification Recast for the Six Months Ended June 30, 2019 Operating costs Production costs: Wages and benefits $ 206,867 $ (206,867 ) (1)(2) $ — Raw materials 38,996 (38,996 ) (1) — Other production costs 95,234 (95,234 ) (1)(2) — Total production costs 341,097 (341,097 ) (1)(2) — Cost of revenue (excluding depreciation and amortization) — 484,554 (1)(3)(4) 484,554 Selling, general and administrative costs 431,594 (431,594 ) (3)(4)(5) — Sales and marketing — 137,109 (4)(5) 137,109 Product development — 48,989 (2)(4)(5) 48,989 General and administrative — 102,039 (4)(5) 102,039 Depreciation and amortization 30,098 — 30,098 Total operating costs $ 802,789 $ — $ 802,789 ( 1) In the first quarter of 2020, the Company discontinued the use of the production cost caption. These costs, with the exception of product engineering and product design costs, which were reclassified to product development, were reclassified to cost of revenue. (2) Costs related to developing and enhancing new and existing product technology previously included in production costs were reclassified to product development. (3) Distribution and fulfillment costs and subscriber and advertising servicing related costs previously included in selling, general and administrative were reclassified to cost of revenue. (4) Incentive Compensation previously included in selling, general and administrative was reclassified to align with the related salaries in each caption . (5) In the first quarter of 2020, the Company discontinued the use of the selling, general and administrative cost caption. These costs, with the exception of those related to distribution and fulfillment, subscriber and advertising servicing and incentive compensation related to cost of revenue, were reclassified to the new captions: sales and marketing, product development and general and administrative.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 28, 2020
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On July 22, 2020, the Company entered into an agreement to acquire substantially all of the assets, and certain of the liabilities, of Serial Productions, LLC. The consideration includes approximately $25 million in cash that was paid at closing on July 29, 2020. On June 30, 2020, our Board of Directors approved a quarterly dividend of $0.06 per share on our Class A and Class B common stock that was paid on July 23, 2020, to all stockholders of record as of the close of business on July 10, 2020.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies - (Policies)	6 Months Ended
	Jun. 28, 2020
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements Accounting Standard Update(s) Topic Effective Period Summary 2018-15 Intangibles—Goodwill and Other—Internal-Use Software Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Clarifies the accounting for implementation costs in cloud computing arrangements. The standard provides that implementation costs be evaluated for capitalization using the same criteria as that used for internal-use software development costs, with amortization expense being recorded in the same income statement expense line as the hosted service costs and over the expected term of the hosting arrangement. The Company adopted this ASU prospectively on December 30, 2019 and will include capitalized implementation costs in Miscellaneous assets in the Company’s Condensed Consolidated Balance Sheet and within Total operating costs in the Condensed Consolidated Statement of Operations. The adoption did not have a material impact on the Company’s consolidated financial statements. 2018-13 Fair Value Measurement (Topic 820) Disclosure Framework Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Modifies the disclosure requirements on fair value measurements. The amendments of disclosures related to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted this ASU on December 30, 2019. The adoption did not have a material impact on the Company’s disclosures. 2016-13 Financial Instruments—Credit Losses Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Amends guidance on reporting credit losses for assets, including trade receivables, available-for-sale marketable securities and any other financial assets not excluded from the scope that have the contractual right to receive cash. For trade receivables, ASU 2016-13 eliminates the probable initial recognition threshold in current generally accepted accounting standards, and, instead, requires an entity to reflect its current estimate of all expected credit losses. For available-for-sale marketable securities, credit losses should be measured in a manner similar to current generally accepted accounting standards; however, ASU 2016-13 will require that credit losses be presented as an allowance rather than as a write-down. The Company adopted this ASU on December 30, 2019 using a modified retrospective approach. The adoption did not have a material impact on the Company’s consolidated financial statements. Recently Issued Accounting Pronouncements The Financial Accounting Standards Board (the “FASB”) issued authoritative guidance on the following topics: Accounting Standard Update(s) Topic Effective Period Summary 2019-12 Simplifying the Accounting for Income Taxes (Topic 740) Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption is permitted. Simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in Accounting Standards Codification (“ASC”) 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The standard also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. We do not expect this guidance to have a material impact on our consolidated financial statements. 2018-14 Compensation—Retirement Benefits—Defined Benefit Plans—General Fiscal years ending after December 15, 2020. Early adoption is permitted. Modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement benefit plans. The guidance removes disclosures, clarifies the specific requirements of disclosures and adds disclosure requirements identified as relevant. We are currently in the process of evaluating the impact on our consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - (Tables)	6 Months Ended
	Jun. 28, 2020
Accounting Policies [Abstract]
Schedule of Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Accounting Standard Update(s) Topic Effective Period Summary 2018-15 Intangibles—Goodwill and Other—Internal-Use Software Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Clarifies the accounting for implementation costs in cloud computing arrangements. The standard provides that implementation costs be evaluated for capitalization using the same criteria as that used for internal-use software development costs, with amortization expense being recorded in the same income statement expense line as the hosted service costs and over the expected term of the hosting arrangement. The Company adopted this ASU prospectively on December 30, 2019 and will include capitalized implementation costs in Miscellaneous assets in the Company’s Condensed Consolidated Balance Sheet and within Total operating costs in the Condensed Consolidated Statement of Operations. The adoption did not have a material impact on the Company’s consolidated financial statements. 2018-13 Fair Value Measurement (Topic 820) Disclosure Framework Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Modifies the disclosure requirements on fair value measurements. The amendments of disclosures related to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted this ASU on December 30, 2019. The adoption did not have a material impact on the Company’s disclosures. 2016-13 Financial Instruments—Credit Losses Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Amends guidance on reporting credit losses for assets, including trade receivables, available-for-sale marketable securities and any other financial assets not excluded from the scope that have the contractual right to receive cash. For trade receivables, ASU 2016-13 eliminates the probable initial recognition threshold in current generally accepted accounting standards, and, instead, requires an entity to reflect its current estimate of all expected credit losses. For available-for-sale marketable securities, credit losses should be measured in a manner similar to current generally accepted accounting standards; however, ASU 2016-13 will require that credit losses be presented as an allowance rather than as a write-down. The Company adopted this ASU on December 30, 2019 using a modified retrospective approach. The adoption did not have a material impact on the Company’s consolidated financial statements. Recently Issued Accounting Pronouncements The Financial Accounting Standards Board (the “FASB”) issued authoritative guidance on the following topics: Accounting Standard Update(s) Topic Effective Period Summary 2019-12 Simplifying the Accounting for Income Taxes (Topic 740) Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption is permitted. Simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in Accounting Standards Codification (“ASC”) 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The standard also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. We do not expect this guidance to have a material impact on our consolidated financial statements. 2018-14 Compensation—Retirement Benefits—Defined Benefit Plans—General Fiscal years ending after December 15, 2020. Early adoption is permitted. Modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement benefit plans. The guidance removes disclosures, clarifies the specific requirements of disclosures and adds disclosure requirements identified as relevant. We are currently in the process of evaluating the impact on our consolidated financial statements.

Revenue - (Tables)

Revenue - (Tables)	6 Months Ended
	Jun. 28, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of revenues	Subscription, advertising and other revenues were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2020 As % of total June 30, 2019 As % of total June 28, 2020 As % of total June 30, 2019 As % of total Subscription $ 293,189 72.6 % $ 270,456 62.0 % $ 578,623 68.3 % $ 541,266 61.8 % Advertising 67,760 16.8 % 120,761 27.7 % 173,897 20.5 % 245,849 28.1 % Other (1) 42,801 10.6 % 45,041 10.3 % 94,866 11.2 % 88,205 10.1 % Total $ 403,750 100.0 % $ 436,258 100.0 % $ 847,386 100.0 % $ 875,320 100.0 % (1) Other revenue includes building rental revenue, which is not under the scope of Revenue from Contracts with Customers (Topic 606). Building rental revenue was approximately $7 million for the second quarters of 2020 and 2019, respectively, and approximately $15 million for the first six months of 2020 and 2019, respectively. The following table summarizes print and digital subscription revenues, which are components of subscription revenues above, for the second quarters and first six months ended June 28, 2020 , and June 30, 2019 : For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Print subscription revenues: Domestic home delivery subscription revenues (1) $ 132,971 $ 133,038 $ 266,708 $ 268,241 Single copy, NYT International and other subscription revenues (2) 14,234 24,783 35,921 50,531 Subtotal print subscription revenues 147,205 157,821 302,629 318,772 Digital-only subscription revenues: News product subscription revenues (3) 132,922 104,430 251,880 206,776 Other product subscription revenues (4) 13,062 8,205 24,114 15,718 Subtotal digital-only subscriptions 145,984 112,635 275,994 222,494 Total subscription revenues $ 293,189 $ 270,456 $ 578,623 $ 541,266 (1) Includes free access to some or all of the Company’s digital products. (2) NYT International is the international edition of our print newspaper. (3) Includes revenues from subscriptions to the Company’s news product. News product subscription packages that include access to the Company’s Crossword and Cooking products are also included in this category. (4) Includes revenues from standalone subscriptions to the Company’s Crossword, Cooking and audio products. Advertising revenues (print and digital) by category were as follows: For the Quarters Ended June 28, 2020 June 30, 2019 (In thousands) Print Digital Total Print Digital Total Advertising revenues: Display $ 21,460 $ 30,466 $ 51,926 $ 55,859 $ 42,833 $ 98,692 Other 6,769 9,065 15,834 6,876 15,193 22,069 Total advertising $ 28,229 $ 39,531 $ 67,760 $ 62,735 $ 58,026 $ 120,761 For the Six Months Ended June 28, 2020 June 30, 2019 (In thousands) Print Digital Total Print Digital Total Advertising revenues: Display $ 69,619 $ 70,360 $ 139,979 $ 118,201 $ 84,945 $ 203,146 Other 13,589 20,329 33,918 14,079 28,624 42,703 Total advertising $ 83,208 $ 90,689 $ 173,897 $ 132,280 $ 113,569 $ 245,849

Marketable Securities - (Tables

Marketable Securities - (Tables)	6 Months Ended
	Jun. 28, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Market Value of AFS Securities	The following tables present the amortized cost, gross unrealized gains and losses, and fair market value of our AFS debt securities as of June 28, 2020 , and December 29, 2019 : June 28, 2020 (In thousands) Amortized Cost Gross unrealized gains Gross unrealized losses Fair Value Short-term AFS securities Corporate debt securities $ 105,615 $ 669 $ (13 ) $ 106,271 U.S. Treasury securities 78,826 179 (1 ) 79,004 U.S. governmental agency securities 35,965 180 (1 ) 36,144 Commercial paper 15,981 — — 15,981 Certificates of deposit 3,000 — — 3,000 Total short-term AFS securities $ 239,387 $ 1,028 $ (15 ) $ 240,400 Long-term AFS securities Corporate debt securities $ 114,618 $ 1,751 $ (28 ) $ 116,341 U.S. Treasury securities 92,680 2,714 — 95,394 U.S. governmental agency securities 55,089 125 (3 ) 55,211 Total long-term AFS securities $ 262,387 $ 4,590 $ (31 ) $ 266,946 December 29, 2019 (In thousands) Amortized Cost Gross unrealized gains Gross unrealized losses Fair Value Short-term AFS securities Corporate debt securities $ 98,864 $ 271 $ (9 ) $ 99,126 U.S. Treasury securities 43,098 8 (11 ) 43,095 U.S. governmental agency securities 37,471 35 (4 ) 37,502 Commercial paper 12,561 — — 12,561 Certificates of deposit 9,501 — — 9,501 Total short-term AFS securities $ 201,495 $ 314 $ (24 ) $ 201,785 Long-term AFS securities Corporate debt securities $ 103,149 $ 617 $ (29 ) $ 103,737 U.S. Treasury securities 101,457 84 (103 ) 101,438 U.S. governmental agency securities 46,600 5 (84 ) 46,521 Total long-term AFS securities $ 251,206 $ 706 $ (216 ) $ 251,696
Schedule of AFS Securities in Unrealized Loss Position	The following tables represent the AFS securities as of June 28, 2020 , and December 29, 2019 , that were in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position: June 28, 2020 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross unrealized losses Fair Value Gross unrealized losses Fair Value Gross unrealized losses Short-term AFS securities Corporate debt securities $ 22,721 $ (13 ) $ — $ — $ 22,721 $ (13 ) U.S. Treasury securities 14,496 (1 ) — — 14,496 (1 ) U.S. governmental agency securities 9,999 (1 ) — — 9,999 (1 ) Total short-term AFS securities $ 47,216 $ (15 ) $ — $ — $ 47,216 $ (15 ) Long-term AFS securities Corporate debt securities $ 17,542 $ (28 ) $ — $ — $ 17,542 $ (28 ) U.S. governmental agency securities 8,747 (3 ) — — 8,747 (3 ) Total long-term AFS securities $ 26,289 $ (31 ) $ — $ — $ 26,289 $ (31 ) December 29, 2019 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross unrealized losses Fair Value Gross unrealized losses Fair Value Gross unrealized losses Short-term AFS securities Corporate debt securities $ 20,975 $ (6 ) $ 8,251 $ (3 ) $ 29,226 $ (9 ) U.S. Treasury securities 13,296 (3 ) 11,147 (8 ) 24,443 (11 ) U.S. governmental agency securities — — 15,000 (4 ) 15,000 (4 ) Total short-term AFS securities $ 34,271 $ (9 ) $ 34,398 $ (15 ) $ 68,669 $ (24 ) Long-term AFS securities Corporate debt securities $ 35,891 $ (25 ) $ 4,502 $ (4 ) $ 40,393 $ (29 ) U.S. Treasury securities 60,935 (103 ) — — 60,935 (103 ) U.S. governmental agency securities 34,167 (84 ) — — 34,167 (84 ) Total long-term AFS securities $ 130,993 $ (212 ) $ 4,502 $ (4 ) $ 135,495 $ (216 )

Goodwill and Intangibles - (Tab

Goodwill and Intangibles - (Tables)	6 Months Ended
	Jun. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Balances	The changes in the carrying amount of goodwill as of June 28, 2020 , and since December 29, 2019 , were as follows: (In thousands) Total Company Balance as of December 29, 2019 $ 138,674 Business acquisition 5,818 Foreign currency translation 275 Balance as of June 28, 2020 $ 144,767

Other - (Tables)

Other - (Tables)	6 Months Ended
	Jun. 28, 2020
Other Income and Expenses [Abstract]
Interest Expense and Other, Net	Interest income/(expense) and other, net , as shown in the accompanying Condensed Consolidated Statements of Operations was as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Interest expense $ (189 ) $ (7,137 ) $ (381 ) $ (14,196 ) Amortization of debt costs and discount on debt — 205 — (688 ) Capitalized interest 10 8 17 52 Interest income and other expense, net (1) 2,965 5,410 17,004 12,015 Total interest income/(expense) and other, net $ 2,786 $ (1,514 ) $ 16,640 $ (2,817 ) (1) The six months ended June 28, 2020 , include a $10.1 million gain related to a non-marketable equity investment transaction. The six months ended June 30, 2019 , include a fair value adjustment of $1.9 million related to the sale of a non-marketable equity security.
Reconciliation of Cash, Cash Equivalents, and Restricted Cash	A reconciliation of cash, cash equivalents and restricted cash as of June 28, 2020 , and December 29, 2019 , from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) June 28, 2020 December 29, 2019 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 249,312 $ 230,431 Restricted cash included within other current assets 531 528 Restricted cash included within miscellaneous assets 15,297 16,559 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 265,140 $ 247,518
Restrictions on Cash and Cash Equivalents	A reconciliation of cash, cash equivalents and restricted cash as of June 28, 2020 , and December 29, 2019 , from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) June 28, 2020 December 29, 2019 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 249,312 $ 230,431 Restricted cash included within other current assets 531 528 Restricted cash included within miscellaneous assets 15,297 16,559 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 265,140 $ 247,518

Fair Value Measurements - (Tabl

Fair Value Measurements - (Tables)	6 Months Ended
	Jun. 28, 2020
Fair Value Disclosures [Abstract]
Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis	The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of June 28, 2020 , and December 29, 2019 : (In thousands) June 28, 2020 December 29, 2019 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Short-term AFS securities (1) Corporate debt securities $ 106,271 $ — $ 106,271 $ — $ 99,126 $ — $ 99,126 $ — U.S. Treasury securities 79,004 — 79,004 — 43,095 — 43,095 — U.S. governmental agency securities 36,144 — 36,144 — 37,502 — 37,502 — Commercial paper 15,981 — 15,981 — 12,561 — 12,561 — Certificates of deposit 3,000 — 3,000 — 9,501 — 9,501 — Total short-term AFS securities $ 240,400 $ — $ 240,400 $ — $ 201,785 $ — $ 201,785 $ — Long-term AFS securities (1) Corporate debt securities $ 116,341 $ — $ 116,341 $ — $ 103,737 $ — $ 103,737 $ — U.S. Treasury securities 95,394 — 95,394 — 101,438 — 101,438 — U.S. governmental agency securities 55,211 — 55,211 — 46,521 — 46,521 — Total long-term AFS securities $ 266,946 $ — $ 266,946 $ — $ 251,696 $ — $ 251,696 $ — Liabilities: Deferred compensation (2)(3) $ 18,871 $ 18,871 $ — $ — $ 23,702 $ 23,702 $ — $ — (1) We classified these investments as Level 2 since the fair value is based on market observable inputs for investments with similar terms and maturities. (2) The deferred compensation liability, included in Other liabilities—other in our Condensed Consolidated Balance Sheets, consists of deferrals under The New York Times Company Deferred Executive Compensation Plan (the “DEC”), which previously enabled certain eligible executives to elect to defer a portion of their compensation on a pre-tax basis. The deferred amounts are invested at the executives’ option in various mutual funds. The fair value of deferred compensation is based on the mutual fund investments elected by the executives and on quoted prices in active markets for identical assets. Participation in the DEC was frozen effective December 31, 2015. (3) The Company invests the assets associated with the deferred compensation liability in life insurance products. Our investments in life insurance products are included in Miscellaneous assets in our Condensed Consolidated Balance Sheets, and were $45.1 million as of June 28, 2020 , and $46.0 million as of December 29, 2019 . The fair value of these assets is measured using the net asset value per share (or its equivalent) and has not been classified in the fair value hierarchy.

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits - (Tables)	6 Months Ended
	Jun. 28, 2020
Pension Plan
Pension Benefits
Schedule of Components of Net Periodic Pension Cost and Postretirement Benefit Income	The components of net periodic pension cost/(income) were as follows: For the Quarters Ended June 28, 2020 June 30, 2019 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 2,607 $ — $ 2,607 $ 1,279 $ — $ 1,279 Interest cost 11,742 1,649 13,391 14,708 2,088 16,796 Expected return on plan assets (17,745 ) — (17,745 ) (20,259 ) — (20,259 ) Amortization of actuarial loss 5,655 1,522 7,177 4,635 1,094 5,729 Amortization of prior service credit (486 ) — (486 ) (486 ) — (486 ) Net periodic pension cost/(income) (1) $ 1,773 $ 3,171 $ 4,944 $ (123 ) $ 3,182 $ 3,059 For the Six Months Ended June 28, 2020 June 30, 2019 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 5,214 $ — $ 5,214 $ 2,557 $ — $ 2,557 Interest cost 23,484 3,297 26,781 29,417 4,176 33,593 Expected return on plan assets (35,481 ) — (35,481 ) (40,517 ) — (40,517 ) Amortization of actuarial loss 11,310 3,043 14,353 9,270 2,188 11,458 Amortization of prior service credit (972 ) — (972 ) (972 ) — (972 ) Net periodic pension cost/(income) (1) $ 3,555 $ 6,340 $ 9,895 $ (245 ) $ 6,364 $ 6,119 (1) The service cost component of net periodic pension cost is recognized in Total operating costs, while the other components are included in Other components of net periodic benefit costs in our Condensed Consolidated Statements of Operations, below Operating profit.
Other Postretirement Benefit Plan
Pension Benefits
Schedule of Components of Net Periodic Pension Cost and Postretirement Benefit Income	The components of net periodic postretirement benefit (income)/cost were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Service cost $ 7 $ 7 $ 14 $ 14 Interest cost 257 400 513 800 Amortization of actuarial loss 763 844 1,526 1,688 Amortization of prior service credit (1,223 ) (1,191 ) (2,279 ) (2,382 ) Net periodic postretirement benefit (income)/cost (1) $ (196 ) $ 60 $ (226 ) $ 120 (1) The service cost component of net periodic postretirement benefit cost is recognized in Total operating costs, while the other components are included in Other components of net periodic benefit costs in our Condensed Consolidated Statements of Operations, below Operating profit.

Supplemental Stockholders' Eq_2

Supplemental Stockholders' Equity Information - (Tables)	6 Months Ended
	Jun. 28, 2020
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The following table summarizes the changes in AOCI by component as of June 28, 2020 : (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Net Unrealized Gain on Available-For-Sale Securities Total Accumulated Other Comprehensive Loss Balance as of December 29, 2019 $ 3,438 $ (498,986 ) $ 572 $ (494,976 ) Other comprehensive income before reclassifications, before tax 365 — 4,790 5,155 Amounts reclassified from accumulated other comprehensive loss, before tax — 12,628 — 12,628 Income tax expense 97 3,390 1,276 4,763 Net current-period other comprehensive income, net of tax 268 9,238 3,514 13,020 Balance as of June 28, 2020 $ 3,706 $ (489,748 ) $ 4,086 $ (481,956 )
Reclassification out of Accumulated Other Comprehensive Income	The following table summarizes the reclassifications from AOCI for the six months ended June 28, 2020 : (In thousands) Detail about accumulated other comprehensive loss components Amounts reclassified from accumulated other comprehensive loss Affects line item in the statement where net income is presented Funded status of benefit plans: Amortization of prior service credit (1) $ (3,251 ) Other components of net periodic benefit costs Amortization of actuarial loss (1) 15,879 Other components of net periodic benefit costs Total reclassification, before tax (2) 12,628 Income tax expense 3,390 Income tax expense Total reclassification, net of tax $ 9,238 (1) These AOCI components are included in the computation of net periodic benefit cost for pension and other postretirement benefits. See Note 9 for more information. (2) There were no reclassifications relating to noncontrolling interest for the six months ended June 28, 2020 .

Reclassification - (Tables)

Reclassification - (Tables)	6 Months Ended
	Jun. 28, 2020
Accounting Changes and Error Corrections [Abstract]
Reconciliation of Expenses Previously Disclosed	A reconciliation of the expenses as previously disclosed to the recast presentation for the quarter and six months ended June 30, 2019 , is as follows: As Reported for the Quarter Ended June 30, 2019 Reclassification Recast for the Quarter Ended June 30, 2019 Operating costs Production costs: Wages and benefits $ 103,959 $ (103,959 ) (1)(2) $ — Raw materials 19,158 (19,158 ) (1) — Other production costs 49,897 (49,897 ) (1)(2) — Total production costs 173,014 (173,014 ) (1)(2) — Cost of revenue (excluding depreciation and amortization) — 245,195 (1)(3)(4) 245,195 Selling, general and administrative costs 210,131 (210,131 ) (3)(4)(5) — Sales and marketing — 62,289 (4)(5) 62,289 Product development — 25,261 (2)(4)(5) 25,261 General and administrative — 50,400 (4)(5) 50,400 Depreciation and amortization 15,180 — 15,180 Total operating costs $ 398,325 $ — $ 398,325 As Reported for the Six Months Ended June 30, 2019 Reclassification Recast for the Six Months Ended June 30, 2019 Operating costs Production costs: Wages and benefits $ 206,867 $ (206,867 ) (1)(2) $ — Raw materials 38,996 (38,996 ) (1) — Other production costs 95,234 (95,234 ) (1)(2) — Total production costs 341,097 (341,097 ) (1)(2) — Cost of revenue (excluding depreciation and amortization) — 484,554 (1)(3)(4) 484,554 Selling, general and administrative costs 431,594 (431,594 ) (3)(4)(5) — Sales and marketing — 137,109 (4)(5) 137,109 Product development — 48,989 (2)(4)(5) 48,989 General and administrative — 102,039 (4)(5) 102,039 Depreciation and amortization 30,098 — 30,098 Total operating costs $ 802,789 $ — $ 802,789 ( 1) In the first quarter of 2020, the Company discontinued the use of the production cost caption. These costs, with the exception of product engineering and product design costs, which were reclassified to product development, were reclassified to cost of revenue. (2) Costs related to developing and enhancing new and existing product technology previously included in production costs were reclassified to product development. (3) Distribution and fulfillment costs and subscriber and advertising servicing related costs previously included in selling, general and administrative were reclassified to cost of revenue. (4) Incentive Compensation previously included in selling, general and administrative was reclassified to align with the related salaries in each caption . (5) In the first quarter of 2020, the Company discontinued the use of the selling, general and administrative cost caption. These costs, with the exception of those related to distribution and fulfillment, subscriber and advertising servicing and incentive compensation related to cost of revenue, were reclassified to the new captions: sales and marketing, product development and general and administrative.

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2020	Dec. 29, 2019
Revenue from Contract with Customer [Abstract]
Contract asset, current	$ 2.6	$ 3.4
Commutative catch up adjustment	$ 0.8

Revenue - Subscription, Adverti

Revenue - Subscription, Advertising, and Other Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 403,750	$ 436,258	$ 847,386	$ 875,320
Subscription
Disaggregation of Revenue [Line Items]
Total revenues	293,189	270,456	578,623	541,266
Advertising
Disaggregation of Revenue [Line Items]
Total revenues	67,760	120,761	173,897	245,849
Other
Disaggregation of Revenue [Line Items]
Total revenues	42,801	45,041	94,866	88,205
Real Estate
Disaggregation of Revenue [Line Items]
Revenue not from contract with customer	$ 7,000	$ 7,000	$ 15,000	$ 15,000
Product concentration risk | Product and service benchmark
Disaggregation of Revenue [Line Items]
As % of total	100.00%	100.00%	100.00%	100.00%
Product concentration risk | Product and service benchmark | Subscription
Disaggregation of Revenue [Line Items]
As % of total	72.60%	62.00%	68.30%	61.80%
Product concentration risk | Product and service benchmark | Advertising
Disaggregation of Revenue [Line Items]
As % of total	16.80%	27.70%	20.50%	28.10%
Product concentration risk | Product and service benchmark | Other
Disaggregation of Revenue [Line Items]
As % of total	10.60%	10.30%	11.20%	10.10%

Revenue - Digital-only Subscrip

Revenue - Digital-only Subscription Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 403,750	$ 436,258	$ 847,386	$ 875,320
Domestic home delivery subscription
Disaggregation of Revenue [Line Items]
Total revenues	132,971	133,038	266,708	268,241
Single copy, NYT International and other
Disaggregation of Revenue [Line Items]
Total revenues	14,234	24,783	35,921	50,531
Print Subscription
Disaggregation of Revenue [Line Items]
Total revenues	147,205	157,821	302,629	318,772
News Products
Disaggregation of Revenue [Line Items]
Total revenues	132,922	104,430	251,880	206,776
Other Products
Disaggregation of Revenue [Line Items]
Total revenues	13,062	8,205	24,114	15,718
Total subscription revenues
Disaggregation of Revenue [Line Items]
Total revenues	293,189	270,456	578,623	541,266
Digital
Disaggregation of Revenue [Line Items]
Total revenues	$ 145,984	$ 112,635	$ 275,994	$ 222,494

Revenue - Advertising Revenues

Revenue - Advertising Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Advertising revenue	$ 403,750	$ 436,258	$ 847,386	$ 875,320
Display
Disaggregation of Revenue [Line Items]
Advertising revenue	51,926	98,692	139,979	203,146
Other
Disaggregation of Revenue [Line Items]
Advertising revenue	15,834	22,069	33,918	42,703
Total advertising
Disaggregation of Revenue [Line Items]
Advertising revenue	67,760	120,761	173,897	245,849
Print | Display
Disaggregation of Revenue [Line Items]
Advertising revenue	21,460	55,859	69,619	118,201
Print | Other
Disaggregation of Revenue [Line Items]
Advertising revenue	6,769	6,876	13,589	14,079
Print | Total advertising
Disaggregation of Revenue [Line Items]
Advertising revenue	28,229	62,735	83,208	132,280
Digital
Disaggregation of Revenue [Line Items]
Advertising revenue	145,984	112,635	275,994	222,494
Digital | Display
Disaggregation of Revenue [Line Items]
Advertising revenue	30,466	42,833	70,360	84,945
Digital | Other
Disaggregation of Revenue [Line Items]
Advertising revenue	9,065	15,193	20,329	28,624
Digital | Total advertising
Disaggregation of Revenue [Line Items]
Advertising revenue	$ 39,531	$ 58,026	$ 90,689	$ 113,569

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details) $ in Millions	Jun. 28, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 138
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-06-29
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 45
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 67
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	1 year

Marketable Securities - Availab

Marketable Securities - Available for Sale (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 28, 2020	Dec. 29, 2019
Debt Securities, Available-for-sale [Line Items]
Net unrealized gains (loss) in other comprehensive income	$ 5,600	$ 800
Short-term AFS securities
Amortized cost, short-term AFS securities	239,387	201,495
Gross unrealized gains, short-term AFS	1,028	314
Gross unrealized losses, short-term AFS	(15)	(24)
Fair value, short-term AFS securities	240,400	201,785
Long-term AFS securities
Amortized cost, long-term AFS securities	262,387	251,206
Gross unrealized gains, long-term AFS	4,590	706
Gross unrealized losses, long-term AFS	(31)	(216)
Fair value, long-term AFS securities	266,946	251,696
Corporate debt securities
Short-term AFS securities
Amortized cost, short-term AFS securities	105,615	98,864
Gross unrealized gains, short-term AFS	669	271
Gross unrealized losses, short-term AFS	(13)	(9)
Fair value, short-term AFS securities	106,271	99,126
Long-term AFS securities
Amortized cost, long-term AFS securities	114,618	103,149
Gross unrealized gains, long-term AFS	1,751	617
Gross unrealized losses, long-term AFS	(28)	(29)
Fair value, long-term AFS securities	116,341	103,737
U.S. Treasury securities
Short-term AFS securities
Amortized cost, short-term AFS securities	78,826	43,098
Gross unrealized gains, short-term AFS	179	8
Gross unrealized losses, short-term AFS	(1)	(11)
Fair value, short-term AFS securities	79,004	43,095
Long-term AFS securities
Amortized cost, long-term AFS securities	92,680	101,457
Gross unrealized gains, long-term AFS	2,714	84
Gross unrealized losses, long-term AFS	0	(103)
Fair value, long-term AFS securities	95,394	101,438
U.S. governmental agency securities
Short-term AFS securities
Amortized cost, short-term AFS securities	35,965	37,471
Gross unrealized gains, short-term AFS	180	35
Gross unrealized losses, short-term AFS	(1)	(4)
Fair value, short-term AFS securities	36,144	37,502
Long-term AFS securities
Amortized cost, long-term AFS securities	55,089	46,600
Gross unrealized gains, long-term AFS	125	5
Gross unrealized losses, long-term AFS	(3)	(84)
Fair value, long-term AFS securities	55,211	46,521
Commercial paper
Short-term AFS securities
Amortized cost, short-term AFS securities	15,981	12,561
Gross unrealized gains, short-term AFS	0	0
Gross unrealized losses, short-term AFS	0	0
Fair value, short-term AFS securities	15,981	12,561
Certificates of deposit
Short-term AFS securities
Amortized cost, short-term AFS securities	3,000	9,501
Gross unrealized gains, short-term AFS	0	0
Gross unrealized losses, short-term AFS	0	0
Fair value, short-term AFS securities	$ 3,000	$ 9,501

Marketable Securities - Avail_2

Marketable Securities - Available-for-sale Securities - Continuous Loss Position (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 29, 2019
Total short-term AFS securities
Short-term AFS securities
Fair value, less than 12 months	$ 47,216	$ 34,271
Gross unrealized losses, less than 12 months	(15)	(9)
Fair value, greater than 12 months	0	34,398
Gross unrealized losses, greater than 12 months	0	(15)
Fair value, total	47,216	68,669
Gross unrealized losses, total	(15)	(24)
Total long-term AFS securities
Long-term AFS securities
Fair value, less than 12 months	26,289	130,993
Gross unrealized losses, less than 12 months	(31)	(212)
Fair value, greater than 12 months	0	4,502
Gross unrealized losses, greater than 12 months	0	(4)
Fair value, total	26,289	135,495
Gross unrealized losses, total	(31)	(216)
Corporate debt securities
Short-term AFS securities
Fair value, less than 12 months	22,721	20,975
Gross unrealized losses, less than 12 months	(13)	(6)
Fair value, greater than 12 months	0	8,251
Gross unrealized losses, greater than 12 months	0	(3)
Fair value, total	22,721	29,226
Gross unrealized losses, total	(13)	(9)
Long-term AFS securities
Fair value, less than 12 months	17,542	35,891
Gross unrealized losses, less than 12 months	(28)	(25)
Fair value, greater than 12 months	0	4,502
Gross unrealized losses, greater than 12 months	0	(4)
Fair value, total	17,542	40,393
Gross unrealized losses, total	(28)	(29)
US Treasury Securities
Short-term AFS securities
Fair value, less than 12 months	14,496	13,296
Gross unrealized losses, less than 12 months	(1)	(3)
Fair value, greater than 12 months	0	11,147
Gross unrealized losses, greater than 12 months	0	(8)
Fair value, total	14,496	24,443
Gross unrealized losses, total	(1)	(11)
Long-term AFS securities
Fair value, less than 12 months		60,935
Gross unrealized losses, less than 12 months		(103)
Fair value, greater than 12 months		0
Gross unrealized losses, greater than 12 months		0
Fair value, total		60,935
Gross unrealized losses, total		(103)
U.S. governmental agency securities
Short-term AFS securities
Fair value, less than 12 months	9,999	0
Gross unrealized losses, less than 12 months	(1)	0
Fair value, greater than 12 months	0	15,000
Gross unrealized losses, greater than 12 months	0	(4)
Fair value, total	9,999	15,000
Gross unrealized losses, total	(1)	(4)
Long-term AFS securities
Fair value, less than 12 months	8,747	34,167
Gross unrealized losses, less than 12 months	(3)	(84)
Fair value, greater than 12 months	0	0
Gross unrealized losses, greater than 12 months	0	0
Fair value, total	8,747	34,167
Gross unrealized losses, total	$ (3)	$ (84)

Marketable Securities - Narrati

Marketable Securities - Narrative (Details)	6 Months Ended
	Jun. 28, 2020USD ($)
Investments, Debt and Equity Securities [Abstract]
OTTI loss recognized	$ 0
Short-term Marketable Securities | Minimum
Line of Credit Facility [Line Items]
Marketable securities, remaining maturities (in months)	1 month
Short-term Marketable Securities | Maximum
Line of Credit Facility [Line Items]
Marketable securities, remaining maturities (in months)	12 months
Long-term Marketable Securities | Minimum
Line of Credit Facility [Line Items]
Marketable securities, remaining maturities (in months)	13 months
Long-term Marketable Securities | Maximum
Line of Credit Facility [Line Items]
Marketable securities, remaining maturities (in months)	36 months

Goodwill and Intangibles - Narr

Goodwill and Intangibles - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Mar. 29, 2020	Jun. 28, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Payments for business acquisitions			$ 8,055	$ 0
Intangible assets	$ 4,500		4,500
Listen In Audio, Inc.
Business Acquisition [Line Items]
Consideration transferred		$ 8,600
Payments for business acquisitions		8,000
Acquisition of business, note receivable		$ 600
Retention payment term		3 years
Intangible assets	$ 2,700		$ 2,700
Useful life	8 years

- Schedule of Goodwill Balances

- Schedule of Goodwill Balances (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2020USD ($)
Goodwill [Roll Forward]
Balance as of December 29, 2019	$ 138,674
Business acquisition	5,818
Foreign currency translation	275
Balance as of June 28, 2020	$ 144,767

Investments - Non-Marketable Eq

Investments - Non-Marketable Equity Securities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2020	Dec. 29, 2019
Net Investment Income [Line Items]
Equity securities	$ 19.3	$ 13.4
Realized gain on partial sale of investment	2.5
Unrealized gain due to mar to market of remaining investment	7.6
Non-marketable equity securities
Net Investment Income [Line Items]
Interest income and other expense, net	$ 10.1

Other - Narrative (Details)

Other - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 29, 2019	Sep. 29, 2019
Other Expense [Line Items]
Severance liability		$ 12,000,000		$ 12,000,000		$ 8,400,000
Capitalized Computer Software Costs
Other Expense [Line Items]
Capitalized computer software amortization		3,900,000	$ 4,400,000	7,700,000	$ 8,700,000
Severance | Selling, General and Administrative Expenses
Other Expense [Line Items]
Severance costs		6,300,000	$ 700,000	6,700,000	$ 2,100,000
Credit Facility
Other Expense [Line Items]
Unsecured revolving credit facility, maximum borrowing capacity							$ 250,000,000
Unsecured revolving credit facility, term	5 years
Unsecured revolving credit facility, unused commitment fee (quarterly)	0.20%
Line of credit facility, outstanding borrowings		$ 0		$ 0

Other - Interest Expense and Ot

Other - Interest Expense and Other, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Other Income and Expenses [Abstract]
Interest expense	$ (189)	$ (7,137)	$ (381)	$ (14,196)
Amortization of debt costs and (premium)/discount on debt	0	205	0	(688)
Capitalized interest	10	8	17	52
Interest income and other expense, net	2,965	5,410	17,004	12,015
Total interest expense and other, net	2,786	(1,514)	16,640	(2,817)
Interest income and other expense, net	$ 10,100		$ 10,100
Fair value adjustment		$ 1,900		$ 1,900

Other - Reconciliation of Cash,

Other - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 29, 2019	Jun. 30, 2019	Dec. 30, 2018
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 249,312	$ 230,431
Restricted cash included within other current assets	531	528
Restricted cash included within miscellaneous assets	15,297	16,559
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$ 265,140	$ 247,518	$ 272,733	$ 259,799

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 29, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	$ 240,400	$ 201,785
Long-term AFS securities	266,946	251,696
Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	18,871	23,702
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0
Fair Value | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	18,871	23,702
Debt Securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	240,400	201,785
Long-term AFS securities	266,946	251,696
Debt Securities | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Debt Securities | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	240,400	201,785
Long-term AFS securities	266,946	251,696
Debt Securities | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	106,271	99,126
Long-term AFS securities	116,341	103,737
Corporate debt securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	106,271	99,126
Long-term AFS securities	116,341	103,737
Corporate debt securities | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Corporate debt securities | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	106,271	99,126
Long-term AFS securities	116,341	103,737
Corporate debt securities | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	79,004	43,095
Long-term AFS securities	95,394	101,438
U.S. Treasury securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	79,004	43,095
Long-term AFS securities	95,394	101,438
U.S. Treasury securities | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
U.S. Treasury securities | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	79,004	43,095
Long-term AFS securities	95,394	101,438
U.S. Treasury securities | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
U.S. governmental agency securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	36,144	37,502
Long-term AFS securities	55,211	46,521
U.S. governmental agency securities | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
U.S. governmental agency securities | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	36,144	37,502
Long-term AFS securities	55,211	46,521
U.S. governmental agency securities | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	15,981	12,561
Commercial paper | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	15,981	12,561
Commercial paper | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Commercial paper | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	15,981	12,561
Commercial paper | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	3,000	9,501
Certificates of deposit | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	3,000	9,501
Certificates of deposit | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Certificates of deposit | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	3,000	9,501
Certificates of deposit | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Life Insurance Product Line
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Life Insurance Investments	$ 45,100	$ 46,000

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits - Net Periodic Pension Cost (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Pension Benefits
Service cost	$ 2,607	$ 1,279	$ 5,214	$ 2,557
Interest cost	13,391	16,796	26,781	33,593
Expected return on plan assets	(17,745)	(20,259)	(35,481)	(40,517)
Amortization of actuarial loss	7,177	5,729	14,353	11,458
Amortization of prior service credit	(486)	(486)	(972)	(972)
Net periodic postretirement benefit (income)/cost	4,944	3,059	9,895	6,119
Qualified Plans
Pension Benefits
Service cost	2,607	1,279	5,214	2,557
Interest cost	11,742	14,708	23,484	29,417
Expected return on plan assets	(17,745)	(20,259)	(35,481)	(40,517)
Amortization of actuarial loss	5,655	4,635	11,310	9,270
Amortization of prior service credit	(486)	(486)	(972)	(972)
Net periodic postretirement benefit (income)/cost	1,773	(123)	3,555	(245)
Pension contributions			4,600	4,300
Expected contributions in 2020	9,000		9,000
Non- Qualified Plans
Pension Benefits
Service cost	0	0	0	0
Interest cost	1,649	2,088	3,297	4,176
Expected return on plan assets	0	0	0	0
Amortization of actuarial loss	1,522	1,094	3,043	2,188
Amortization of prior service credit	0	0	0	0
Net periodic postretirement benefit (income)/cost	$ 3,171	$ 3,182	$ 6,340	$ 6,364

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits - Other Postretirement Benefits (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Pension Benefits
Service cost	$ 7	$ 7	$ 14	$ 14
Interest cost	257	400	513	800
Amortization of actuarial loss	763	844	1,526	1,688
Amortization of prior service credit	(1,223)	(1,191)	(2,279)	(2,382)
Net periodic postretirement benefit (income)/cost	$ (196)	$ 60	$ (226)	$ 120

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 5,781	$ 9,415	$ 11,787	$ 10,719
Effective income tax rate from continuing operations	19.60%	27.20%	17.30%	16.20%

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,200,000	1,400,000	1,200,000	1,400,000
Restricted Stock Units and Long-term Incentive Compensation Stock-settled Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0		0
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			200,000
Long-term Incentive Compensation Stock-settled Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			0

Supplemental Stockholders' Eq_3

Supplemental Stockholders' Equity Information - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 28, 2020	Dec. 31, 2015
Class of Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount	$ 16,200,000
Class A Common Stock
Class of Stock [Line Items]
Stock repurchase program, authorized amount		$ 101,100,000
Share repurchases	$ 84,900,000

Supplemental Stockholders' Eq_4

Supplemental Stockholders' Equity Information - Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	$ 1,193,574	$ 1,059,814	$ 1,173,863	$ 1,042,641
Other comprehensive income before reclassifications, before tax			5,155
Amounts reclassified from accumulated other comprehensive loss, before tax			12,628
Income tax expense	2,848	2,015	4,763	3,414
Other comprehensive income, net of tax	8,077	5,818	13,020	9,740
Balance, end of period	1,231,031	1,085,203	1,231,031	1,085,203
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			3,438
Other comprehensive income before reclassifications, before tax			365
Amounts reclassified from accumulated other comprehensive loss, before tax			0
Income tax expense			97
Other comprehensive income, net of tax			268
Balance, end of period	3,706		3,706
Funded Status of Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(498,986)
Other comprehensive income before reclassifications, before tax			0
Amounts reclassified from accumulated other comprehensive loss, before tax			12,628
Income tax expense			3,390
Other comprehensive income, net of tax			9,238
Balance, end of period	(489,748)		(489,748)
Net Unrealized Gain on Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			572
Other comprehensive income before reclassifications, before tax			4,790
Amounts reclassified from accumulated other comprehensive loss, before tax			0
Income tax expense			1,276
Other comprehensive income, net of tax			3,514
Balance, end of period	4,086		4,086
Accumulated Other Comprehensive Loss, Net of Income Taxes
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(490,033)	(513,802)	(494,976)	(517,724)
Other comprehensive income, net of tax	8,077	5,818	13,020	9,740
Balance, end of period	$ (481,956)	$ (507,984)	$ (481,956)	$ (507,984)

Supplemental Stockholders' Eq_5

Supplemental Stockholders' Equity Information - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortizations	$ (230,147)	$ (245,195)	$ (473,819)	$ (484,554)
Total reclassification, before tax	29,443	34,586	68,303	66,046
Income tax expense	5,781	9,415	11,787	10,719
Total reclassification, net of tax	$ 23,662	$ 25,171	56,516	$ 55,327
Amounts reclassified from accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification, before tax			12,628
Income tax expense			3,390
Total reclassification, net of tax			9,238
Amounts reclassified from accumulated other comprehensive loss | Amortization of prior service credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortizations			(3,251)
Amounts reclassified from accumulated other comprehensive loss | Amortization of actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortizations			$ 15,879

Segment Information - Narrative

Segment Information - Narrative (Details)	6 Months Ended
	Jun. 28, 2020Segment
Segment Reporting [Abstract]
Number of reportable segments (in segments)	1

Reclassification (Details)

Reclassification (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Wages and benefits		$ 0		$ 0
Raw materials		0		0
Other production costs		0		0
Cost of Revenue		0		0
Cost of Goods and Services Sold	$ 230,147	245,195	$ 473,819	484,554
Selling, general and administrative costs		0		0
Sales and marketing	39,617	62,289	113,413	137,109
Product development	30,737	25,261	61,539	48,989
General and administrative	58,812	50,400	111,673	102,039
Depreciation and amortization	$ 15,631	15,180	$ 30,816	30,098
Total operating costs		398,325		802,789
As Reported for the Quarter Ended June 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Wages and benefits		103,959		206,867
Raw materials		19,158		38,996
Other production costs		49,897		95,234
Cost of Revenue		173,014		341,097
Cost of Goods and Services Sold		0		0
Selling, general and administrative costs		210,131		431,594
Sales and marketing		0		0
Product development		0		0
General and administrative		0		0
Depreciation and amortization		15,180		30,098
Total operating costs		398,325		802,789
Reclassification
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Wages and benefits		(103,959)		(206,867)
Raw materials		(19,158)		(38,996)
Other production costs		(49,897)		(95,234)
Cost of Revenue		(173,014)		(341,097)
Cost of Goods and Services Sold		245,195		484,554
Selling, general and administrative costs		(210,131)		(431,594)
Sales and marketing		62,289		137,109
Product development		25,261		48,989
General and administrative		50,400		102,039
Depreciation and amortization		0		0
Total operating costs		$ 0		$ 0

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 29, 2020	Jun. 30, 2020	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Subsequent Event [Line Items]
Consideration transferred					$ 8,055	$ 0
Dividends declared per share (in usd per share)			$ 0	$ 0.05	$ 0.06	$ 0.10
Serial Productions, LLC | Subsequent Event
Subsequent Event [Line Items]
Consideration transferred	$ 25,000
Class A Common Stock | Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share (in usd per share)		$ 0.06
Class B Common Stock | Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share (in usd per share)		$ 0.06