The New York Times Company (NYT) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 27, 2020	Oct. 30, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 27, 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	Q3
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		166,435,299
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		781,724

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 27, 2020	Dec. 29, 2019
Current assets
Cash and cash equivalents	$ 215,763	$ 230,431
Short-term marketable securities	308,734	201,785
Accounts receivable (net of allowances of $14,153 in 2020 and $14,358 in 2019)	125,337	213,402
Prepaid expenses	32,087	29,089
Other current assets	39,063	42,124
Total current assets	720,984	716,831
Other assets
Long-term marketable securities	275,649	251,696
Property, plant and equipment (less accumulated depreciation and amortization of $916,109 in 2020 and $950,881 in 2019)	604,283	627,121
Goodwill	168,700	138,674
Deferred income taxes	109,197	115,229
Miscellaneous assets	260,728	239,587
Total assets	2,139,541	2,089,138
Current liabilities
Accounts payable	97,749	116,571
Accrued payroll and other related liabilities	94,101	108,865
Unexpired subscriptions revenue	100,149	88,419
Accrued expenses and other	133,929	123,840
Total current liabilities	425,928	437,695
Other liabilities
Pension benefits obligation	286,355	313,655
Postretirement benefits obligation	34,455	37,688
Other	135,549	126,237
Total other liabilities	456,359	477,580
Common stock of $.10 par value:
Additional paid-in capital	212,291	208,028
Retained earnings	1,672,633	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	5,710	3,438
Funded status of benefit plans	(485,087)	(498,986)
Net unrealized gain on available-for-sale securities	3,459	572
Total accumulated other comprehensive loss, net of income taxes	(475,918)	(494,976)
Total New York Times Company stockholders’ equity	1,255,394	1,172,003
Noncontrolling interest	1,860	1,860
Total stockholders’ equity	1,257,254	1,173,863
Total liabilities and stockholders’ equity	2,139,541	2,089,138
Class A Common Stock
Common stock of $.10 par value:
Common stock value	17,521	17,424
Class B Common Stock
Common stock of $.10 par value:
Common stock value	$ 78	$ 80

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 27, 2020	Dec. 29, 2019
Accounts receivable, allowance for credit loss	$ 14,153	$ 14,358
Accumulated depreciation and amortization	$ 916,109	$ 950,881
Common stock, par value (in usd per share)	$ 0.10	$ 0.10
Class A Common Stock
Authorized shares (in shares)	300,000,000	300,000,000
Issued shares (in shares)	175,215,600	174,242,668
Treasury shares (in shares)	8,870,801	8,870,801
Class B Common Stock
Authorized shares (in shares)	781,724	803,404
Issued shares (in shares)	781,724	803,404

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Revenues
Total revenues	$ 426,895	$ 428,501	$ 1,274,281	$ 1,303,821
Operating costs
Cost of revenue (excluding depreciation and amortization)	235,900	245,100	709,719	729,654
Sales and marketing	50,627	64,218	164,040	201,327
Product development	34,102	26,669	95,641	75,658
General and administrative	51,118	50,015	162,791	152,054
Depreciation and amortization	15,552	15,450	46,368	45,548
Total operating costs	387,299	401,452	1,178,559	1,204,241
Restructuring charge	0	4,008	0	4,008
Gain from pension liability adjustment	0	(2,045)	0	(2,045)
Operating profit	39,596	25,086	95,722	97,617
Other components of net periodic benefit costs	2,272	1,834	6,735	5,502
Interest income/(expense) and other, net	3,537	(755)	20,177	(3,572)
Income from continuing operations before income taxes	40,861	22,497	109,164	88,543
Income tax expense	7,283	6,070	19,070	16,789
Net income	33,578	16,427	90,094	71,754
Net income attributable to The New York Times Company common stockholders	$ 33,578	$ 16,427	$ 90,094	$ 71,754
Average number of common shares outstanding:
Basic (in shares)	167,075	166,148	166,842	165,976
Diluted (in shares)	168,059	167,555	167,943	167,384
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)	$ 0.20	$ 0.10	$ 0.54	$ 0.43
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)	0.20	0.10	0.54	0.43
Dividends declared per share (in usd per share)	$ 0.12	$ 0.05	$ 0.18	$ 0.15
Subscription
Revenues
Total revenues	$ 300,950	$ 267,302	$ 879,573	$ 808,568
Advertising
Revenues
Total revenues	79,253	113,531	253,150	359,380
Other
Revenues
Total revenues	$ 46,692	$ 47,668	$ 141,558	$ 135,873

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 33,578	$ 16,427	$ 90,094	$ 71,754
Other comprehensive income, before tax:
Income/(loss) on foreign currency translation adjustments	2,730	(3,159)	3,095	(3,286)
Pension and postretirement benefits obligation	6,354	4,893	18,982	14,685
Net unrealized (loss)/gain on available-for-sale securities	(854)	284	3,936	3,773
Other comprehensive income, before tax	8,230	2,018	26,013	15,172
Income tax expense	2,192	489	6,955	3,903
Other comprehensive income, net of tax	6,038	1,529	19,058	11,269
Comprehensive income attributable to The New York Times Company common stockholders	$ 39,616	$ 17,956	$ 109,152	$ 83,023

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	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	Total New York Times Company Stockholders’ Equity	Non- controlling Interest
Balance, beginning of period at Dec. 30, 2018	$ 1,042,641	$ 17,396	$ 206,316	$ 1,506,004	$ (171,211)	$ (517,724)	$ 1,040,781	$ 1,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	71,754			71,754			71,754
Dividends	(24,970)			(24,970)			(24,970)
Other comprehensive income	11,269					11,269	11,269
Issuance of shares:
Stock options - Class A shares	2,998	28	2,970				2,998
Restricted stock units vested - Class A shares	(3,725)	25	(3,750)				(3,725)
Performance-based awards - Class A shares	(11,924)	42	(11,966)				(11,924)
Stock-based compensation	9,723		9,723				9,723
Balance, end of period at Sep. 29, 2019	1,097,766	17,491	203,293	1,552,788	(171,211)	(506,455)	1,095,906	1,860
Balance, beginning of period at Jun. 30, 2019	1,085,203	17,488	200,356	1,544,694	(171,211)	(507,984)	1,083,343	1,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	16,427			16,427			16,427
Dividends	(8,333)			(8,333)			(8,333)
Other comprehensive income	1,529					1,529	1,529
Issuance of shares:
Stock options - Class A shares	33		33				33
Restricted stock units vested - Class A shares		3	(3)
Stock-based compensation	2,907		2,907				2,907
Balance, end of period at Sep. 29, 2019	1,097,766	17,491	203,293	1,552,788	(171,211)	(506,455)	1,095,906	1,860
Balance, beginning of period at Dec. 29, 2019	1,173,863	17,504	208,028	1,612,658	(171,211)	(494,976)	1,172,003	1,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	90,094			90,094			90,094
Dividends	(30,119)			(30,119)			(30,119)
Other comprehensive income	19,058					19,058	19,058
Issuance of shares:
Stock options - Class A shares	5,307	55	5,252				5,307
Restricted stock units vested - Class A shares	(3,899)	14	(3,913)				(3,899)
Performance-based awards - Class A shares	(7,824)	26	(7,850)				(7,824)
Stock-based compensation	10,774		10,774				10,774
Balance, end of period at Sep. 27, 2020	1,257,254	17,599	212,291	1,672,633	(171,211)	(475,918)	1,255,394	1,860
Balance, beginning of period at Jun. 28, 2020	1,231,031	17,562	205,618	1,659,158	(171,211)	(481,956)	1,229,171	1,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	33,578			33,578			33,578
Dividends	(20,103)			(20,103)			(20,103)
Other comprehensive income	6,038					6,038	6,038
Issuance of shares:
Stock options - Class A shares	3,434	37	3,397				3,434
Restricted stock units vested - Class A shares	(16)		(16)				(16)
Stock-based compensation	3,292		3,292				3,292
Balance, end of period at Sep. 27, 2020	$ 1,257,254	$ 17,599	$ 212,291	$ 1,672,633	$ (171,211)	$ (475,918)	$ 1,255,394	$ 1,860

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - shares	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Statement of Stockholders' Equity [Abstract]
Stock options (in shares)	372,508	3,000	552,018	282,510
Restricted stock unit vested (in shares)	635	25,512	142,136	246,599
Performance-based awards (in shares)			257,098	418,491

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019
Cash flows from operating activities
Net income	$ 90,094	$ 71,754
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	46,368	45,548
Amortization of right of use asset	6,446	5,462
Stock-based compensation expense	10,744	9,723
Deferred income taxes	(1,209)	0
Gain on non-marketable equity investment	(10,074)	(1,886)
Long-term retirement benefit obligations	(11,635)	(17,648)
Fair market value adjustment on life insurance products	(638)	(2,215)
Other-net	(3,658)	(6,926)
Changes in operating assets and liabilities:
Accounts receivable-net	88,065	55,383
Other assets	3,816	(17,401)
Accounts payable, accrued payroll and other liabilities	(23,366)	(22,898)
Unexpired subscriptions	11,730	2,704
Net cash provided by operating activities	206,683	121,600
Cash flows from investing activities
Purchases of marketable securities	(460,117)	(466,108)
Maturities of marketable securities	331,786	458,810
Business acquisitions	(33,085)	0
Proceeds from sale of investments – net	1,000	103
Capital expenditures	(29,236)	(33,101)
Other-net	2,388	3,038
Net cash used in investing activities	(187,264)	(37,258)
Long-term obligations:
Repayment of debt and finance lease obligations	0	(7,220)
Dividends paid	(28,393)	(23,269)
Payment of contingent consideration	(862)	0
Capital shares:
Proceeds from stock option exercises	5,307	2,998
Share-based compensation tax withholding	(11,723)	(15,648)
Net cash used in financing activities	(35,671)	(43,139)
Net (decrease)/increase in cash, cash equivalents and restricted cash	(16,252)	41,203
Effect of exchange rate changes on cash	349	(202)
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	$ 231,615	$ 300,800

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 27, 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 September 27, 2020 and December 29, 2019, and the results of operations, changes in stockholders’ equity and cash flows of the Company for the periods ended September 27, 2020, and September 29, 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 39 weeks for the third quarter and nine 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 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 reclassified expenses for the prior period in order to present comparable financial results. There was 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	9 Months Ended
	Sep. 27, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExcept as described herein, as of September 27, 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 do not expect this guidance to have a material impact on our consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Sep. 27, 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 digital and print products (which include our news product, as well as our Games (previously 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 revenue is principally from advertisers promoting products, services or brands on digital platforms in the form of banners and video, and in print, in the form of column-inch ads. Advertising revenue is primarily derived from offerings sold directly to marketers by our advertising sales teams. A smaller proportion of our total advertising revenues is generated through programmatic auctions run by third-party ad exchanges and from creative services fees, including those associated with our branded content studio. Digital advertising revenues also include creative services fees and advertising revenue generated by Wirecutter, our product review and recommendation website. Print advertising includes revenue from column-inch ads and classified advertising, including line-ads as well as preprinted advertising, also known as freestanding inserts. 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 Nine Months Ended (In thousands) September 27, 2020 As % of total September 29, 2019 As % of total September 27, 2020 As % of total September 29, 2019 As % of total Subscription $ 300,950 70.5 % $ 267,302 62.4 % $ 879,573 69.0 % $ 808,568 62.0 % Advertising 79,253 18.6 % 113,531 26.5 % 253,150 19.9 % 359,380 27.6 % Other (1) 46,692 10.9 % 47,668 11.1 % 141,558 11.1 % 135,873 10.4 % Total $ 426,895 100.0 % $ 428,501 100.0 % $ 1,274,281 100.0 % $ 1,303,821 100.0 % (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 and $8 million for the third quarters of 2020 and 2019, respectively, and approximately $22 million and $23 million for the first nine months of 2020 and 2019, respectively. The following table summarizes digital and print subscription revenues, which are components of subscription revenues above, for the third quarters and first nine months ended September 27, 2020, and September 29, 2019: For the Quarters Ended For the Nine Months Ended (In thousands) September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Digital-only subscription revenues: News product subscription revenues (1) $ 140,740 $ 107,009 $ 392,620 $ 313,785 Other product subscription revenues (2) 14,546 8,855 38,660 24,573 Subtotal digital-only subscriptions 155,286 115,864 431,280 338,358 Print subscription revenues: Domestic home delivery subscription revenues (3) 129,912 126,769 396,620 395,011 Single-copy, NYT International and other subscription revenues (4) 15,752 24,669 51,673 75,199 Subtotal print subscription revenues 145,664 151,438 448,293 470,210 Total subscription revenues $ 300,950 $ 267,302 $ 879,573 $ 808,568 (1) Includes revenues from subscriptions to the Company’s news product. News product subscription packages that include access to the Company’s Games and Cooking products are also included in this category. (2) Includes revenues from standalone subscriptions to the Company’s Games, Cooking and audio products. (3) Includes free access to some or all of the Company’s digital products. (4) NYT International is the international edition of our print newspaper. The following table summarizes digital and print advertising revenues for the third quarters and first nine months of 2020 and 2019: For the Quarters Ended For the Nine Months Ended (In thousands) September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Advertising revenues: Digital $ 47,763 $ 54,653 $ 138,452 $ 168,222 Print 31,490 58,878 114,698 191,158 Total advertising $ 79,253 $ 113,531 $ 253,150 $ 359,380 Performance Obligations We have remaining performance obligations related to digital archive and other licensing and certain advertising contracts. As of September 27, 2020, the aggregate amount of transaction price allocated to the remaining performance obligations for contracts with a duration greater than one year was approximately $153 million. The Company will recognize this revenue as performance obligations are satisfied. We expect that approximately $16 million, $60 million and $77 million will be recognized in the remainder of 2020, 2021 and thereafter, respectively. Contract Assets As of September 27, 2020, and December 29, 2019, the Company had $2.2 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 $1.2 million for the nine months ended September 27, 2020, is due to consideration that was reclassified to Accounts receivable when invoiced based on the contractual billing schedules for the period ended September 27, 2020.

Marketable Securities

Marketable Securities	9 Months Ended
	Sep. 27, 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 $4.7 million and $0.8 million of net unrealized gains in Accumulated other comprehensive income (“AOCI”) as of September 27, 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 September 27, 2020, and December 29, 2019: September 27, 2020 (In thousands) Amortized Cost Gross unrealized gains Gross unrealized losses Fair Value Short-term AFS securities Corporate debt securities $ 119,042 $ 561 $ (17) $ 119,586 U.S. Treasury securities 97,712 94 (4) 97,802 U.S. governmental agency securities 47,759 68 (4) 47,823 Commercial paper 43,523 — — 43,523 Total short-term AFS securities $ 308,036 $ 723 $ (25) $ 308,734 Long-term AFS securities Corporate debt securities $ 118,690 $ 1,713 $ (22) $ 120,381 U.S. Treasury securities 88,059 2,343 — 90,402 U.S. governmental agency securities 64,881 89 (104) 64,866 Total long-term AFS securities $ 271,630 $ 4,145 $ (126) $ 275,649 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 September 27, 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: September 27, 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 $ 22,174 $ (17) $ — $ — $ 22,174 $ (17) U.S. Treasury securities 43,982 (4) — — 43,982 (4) U.S. governmental agency securities 4,999 (2) 8,748 (2) 13,747 (4) Total short-term AFS securities $ 71,155 $ (23) $ 8,748 $ (2) $ 79,903 $ (25) Long-term AFS securities Corporate debt securities $ 10,466 $ (22) $ — $ — $ 10,466 $ (22) U.S. governmental agency securities 22,146 (104) — — 22,146 (104) Total long-term AFS securities $ 32,612 $ (126) $ — $ — $ 32,612 $ (126) 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 September 27, 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 September 27, 2020, we have recognized no losses or allowance for credit losses related to AFS securities. As of September 27, 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	9 Months Ended
	Sep. 27, 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 valuation of assets acquired and liabilities assumed, resulting in allocations primarily to goodwill of $5.8 million and intangibles of $2.7 million in the second quarter of 2020. The carrying amount of the intangible asset 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. During the third quarter of 2020, the Company acquired substantially all the assets and certain liabilities of Serial Productions, LLC (“Serial”). The purchase price includes approximately $25.0 million in cash that was paid at closing on July 29, 2020, and $9.3 million of contingent consideration. The contingent consideration is related to contingent payments based on the achievement of certain operational targets, as defined in the acquisition agreement, over the five years following the acquisition. The Company estimated the fair value of the contingent consideration liability using a probability-weighted discounted cash flow model. The fair value is based on significant unobservable inputs and therefore represents a Level 3 measurement as defined in Note 8. The Company allocated the purchase price for this acquisition based on the valuation of assets acquired and liabilities assumed, resulting in allocations primarily to goodwill of $21.5 million and intangibles of $12.9 million as of the date of acquisition. The carrying amount of the intangible assets related to this acquisition has been included in Miscellaneous assets in our Condensed Consolidated Balance Sheets and include an indefinite-lived intangible of $9.0 million. The estimated useful life for the finite asset is 6 years and it is amortized on a straight-line basis. The changes in the carrying amount of goodwill as of September 27, 2020, and since December 29, 2019, were as follows: (In thousands) Total Company Balance as of December 29, 2019 $ 138,674 Business acquisitions 27,269 Foreign currency translation 2,757 Balance as of September 27, 2020 $ 168,700 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 $17.0 million is included in Miscellaneous assets

Investments

Investments	9 Months Ended
	Sep. 27, 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 September 27, 2020, and December 29, 2019, non-marketable equity securities included in Miscellaneous assets in our Condensed Consolidated Balance Sheets had a carrying value of $21.8 million and $13.4 million, respectively. During the first quarter 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	9 Months Ended
	Sep. 27, 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 third quarters of 2020 and 2019, respectively, and $11.6 million and $13.1 million in the first nine 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 Nine Months Ended (In thousands) September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Interest income and other expense, net (1) $ 3,720 $ 5,078 $ 20,724 $ 17,093 Interest expense (188) (7,118) (569) (21,314) Amortization of debt costs and discount on debt — 1,278 — 590 Capitalized interest 5 7 22 59 Total interest income/(expense) and other, net $ 3,537 $ (755) $ 20,177 $ (3,572) (1) The nine months ended September 27, 2020, include a $10.1 million gain related to a non-marketable equity investment transaction. The nine months ended September 29, 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 September 27, 2020, and December 29, 2019, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) September 27, 2020 December 29, 2019 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 215,763 $ 230,431 Restricted cash included within other current assets 550 528 Restricted cash included within miscellaneous assets 15,302 16,559 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 231,615 $ 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 September 27, 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 no severance costs in the third quarter of 2020 and $0.3 million in severance costs in the third quarter of 2019, and $6.7 million and $2.4 million in the first nine 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 $10.2 million and $8.4 million included in Accrued expenses and other in our Condensed Consolidated Balance Sheets as of September 27, 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	9 Months Ended
	Sep. 27, 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 September 27, 2020, and December 29, 2019: (In thousands) September 27, 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 $ 119,586 $ — $ 119,586 $ — $ 99,126 $ — $ 99,126 $ — U.S. Treasury securities 97,802 — 97,802 — 43,095 — 43,095 — U.S. governmental agency securities 47,823 — 47,823 — 37,502 — 37,502 — Commercial paper 43,523 — 43,523 — 12,561 — 12,561 — Certificates of deposit — — — — 9,501 — 9,501 — Total short-term AFS securities $ 308,734 $ — $ 308,734 $ — $ 201,785 $ — $ 201,785 $ — Long-term AFS securities (1) Corporate debt securities $ 120,381 $ — $ 120,381 $ — $ 103,737 $ — $ 103,737 $ — U.S. Treasury securities 90,402 — 90,402 — 101,438 — 101,438 — U.S. governmental agency securities 64,866 — 64,866 — 46,521 — 46,521 — Total long-term AFS securities $ 275,649 $ — $ 275,649 $ — $ 251,696 $ — $ 251,696 $ — Liabilities: Deferred compensation (2)(3) $ 19,797 $ 19,797 $ — $ — $ 23,702 $ 23,702 $ — $ — Contingent consideration (4) $ 8,431 $ — $ — $ 8,431 $ — $ — $ — $ — (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 $46.8 million as of September 27, 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. (4) The contingent consideration represents contingent payments in connection with the Serial acquisition. The Company estimated the fair value of the contingent consideration liability using a probability-weighted discounted cash flow model. The estimate of the fair value of contingent consideration requires subjective assumptions to be made regarding probabilities assigned to operational targets and the discount rate. During the three months ended September 27, 2020, the Company made payments of $0.9 million related to the contingent consideration. The remaining balance of $8.4 million is included in Accrued expenses and other, for the current portion of the liability, and Other non-current liabilities, for the long-term portion of the liability, in our Condensed Consolidated Balance Sheets. See Note 5 for more information.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	9 Months Ended
	Sep. 27, 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 September 27, 2020 September 29, 2019 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 2,608 $ — $ 2,608 $ 1,278 $ — $ 1,278 Interest cost 11,742 1,648 13,390 14,708 2,089 16,797 Expected return on plan assets (17,741) — (17,741) (20,258) — (20,258) Amortization of actuarial loss 5,655 1,521 7,176 4,635 1,094 5,729 Amortization of prior service credit (486) — (486) (487) — (487) Net periodic pension cost/(income) (1) $ 1,778 $ 3,169 $ 4,947 $ (124) $ 3,183 $ 3,059 For the Nine Months Ended September 27, 2020 September 29, 2019 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 7,822 $ — $ 7,822 $ 3,835 $ — $ 3,835 Interest cost 35,226 4,945 40,171 44,125 6,265 50,390 Expected return on plan assets (53,222) — (53,222) (60,775) — (60,775) Amortization of actuarial loss 16,966 4,564 21,530 13,905 3,282 17,187 Amortization of prior service credit (1,459) — (1,459) (1,459) — (1,459) Net periodic pension cost/(income) (1) $ 5,333 $ 9,509 $ 14,842 $ (369) $ 9,547 $ 9,178 (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 nine months of 2020 and 2019, we made pension contributions of $6.9 million and $6.3 million, respectively, to the APP. We expect contributions in 2020 to total approximately $9 million to satisfy funding requirements. As part of our continued effort to reduce the size and volatility of our pension plan obligations, and the administrative costs related thereto, in October 2020 we entered into an agreement with an insurance company to transfer approximately $235 million in pension obligations under the Pension Plan. See Note 16 for more information. Multiemployer Plans During the third quarter of 2019 we recorded a gain of $2.0 million from a multiemployer pension liability adjustment, which was recorded in Gain from pension liability adjustment in our Condensed Consolidated Statements of Operations. Other Postretirement Benefits The components of net periodic postretirement benefit (income)/cost were as follows: For the Quarters Ended For the Nine Months Ended (In thousands) September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Service cost $ 7 $ 6 $ 21 $ 20 Interest cost 257 402 770 1,202 Amortization of actuarial loss 763 843 2,289 2,531 Amortization of prior service credit (1,099) (1,192) (3,378) (3,574) Net periodic postretirement benefit (income)/cost (1) $ (72) $ 59 $ (298) $ 179 (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	9 Months Ended
	Sep. 27, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company had income tax expense of $7.3 million and $19.1 million in the third quarter and first nine months of 2020, respectively. The Company had income tax expense of $6.1 million and $16.8 million in the third quarter and first nine months of 2019, respectively. The Company’s effective tax rates from continuing operations were 17.8% and 17.5% for the third quarter and first nine months of 2020, respectively. The Company’s effective tax rates from continuing operations were 27.0% and 19.0% for the third quarter and first nine months of 2019, respectively. The Company received a tax benefit in the first and third quarters of 2020 and in the first quarter of 2019 from stock price appreciation on stock-based awards that settled in the quarters, resulting in lower than statutory tax rates in the third quarter of 2020 and in the first nine 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	9 Months Ended
	Sep. 27, 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 1.0 million and 1.1 million in the third quarter and first nine months of 2020, respectively and 1.4 million in the third quarter and first nine 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 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 third quarters and first nine months of 2020 and 2019, respectively.

Supplemental Stockholders' Equi

Supplemental Stockholders' Equity Information	9 Months Ended
	Sep. 27, 2020
Equity [Abstract]
Supplemental Stockholders' Equity Information	SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATIONIn 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 September 27, 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 nine 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 September 27, 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 3,095 — 3,936 7,031 Amounts reclassified from accumulated other comprehensive loss, before tax — 18,982 — 18,982 Income tax expense 823 5,083 1,049 6,955 Net current-period other comprehensive income, net of tax 2,272 13,899 2,887 19,058 Balance as of September 27, 2020 $ 5,710 $ (485,087) $ 3,459 $ (475,918) The following table summarizes the reclassifications from AOCI for the nine months ended September 27, 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) $ (4,837) Other components of net periodic benefit costs Amortization of actuarial loss (1) 23,819 Other components of net periodic benefit costs Total reclassification, before tax (2) 18,982 Income tax expense 5,083 Income tax expense Total reclassification, net of tax $ 13,899 (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 nine months ended September 27, 2020.

Segment Information

Segment Information	9 Months Ended
	Sep. 27, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATIONThe 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	9 Months Ended
	Sep. 27, 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	9 Months Ended
	Sep. 27, 2020
Accounting Changes and Error Corrections [Abstract]
Reclassifications	RECLASSIFICATION The Company 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 reclassified expenses for the prior period in order to present comparable financial results. There was 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, unallocated overhead costs, severance and multiemployer pension plan withdrawal 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 nine months ended September 29, 2019, is as follows: As Reported for the Quarter Ended September 29, 2019 Reclassification Recast for the Quarter Operating costs Production costs: Wages and benefits $ 106,377 $ (106,377) (1)(2) $ — Raw materials 18,531 (18,531) (1) — Other production costs 53,868 (53,868) (1)(2) — Total production costs 178,776 (178,776) (1)(2) — Cost of revenue (excluding depreciation and amortization) — 245,100 (1)(3)(4) 245,100 Selling, general and administrative costs 207,226 (207,226) (3)(4)(5) — Sales and marketing — 64,218 (4)(5) 64,218 Product development — 26,669 (2)(4)(5) 26,669 General and administrative — 50,015 (4)(5) 50,015 Depreciation and amortization 15,450 — 15,450 Total operating costs $ 401,452 $ — $ 401,452 As Reported for the Nine Months Ended September 29, 2019 Reclassification Recast for the Nine Months Ended Operating costs Production costs: Wages and benefits $ 313,244 $ (313,244) (1)(2) $ — Raw materials 57,527 (57,527) (1) — Other production costs 149,102 (149,102) (1)(2) — Total production costs 519,873 (519,873) (1)(2) — Cost of revenue (excluding depreciation and amortization) — 729,654 (1)(3)(4) 729,654 Selling, general and administrative costs 638,820 (638,820) (3)(4)(5) — Sales and marketing — 201,327 (4)(5) 201,327 Product development — 75,658 (2)(4)(5) 75,658 General and administrative — 152,054 (4)(5) 152,054 Depreciation and amortization 45,548 — 45,548 Total operating costs $ 1,204,241 $ — $ 1,204,241 ( 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 Event

Subsequent Event	9 Months Ended
	Sep. 27, 2020
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENT On October 9, 2020, the Company entered into an agreement with Massachusetts Mutual Life Insurance Company (“MassMutual”) under which approximately $235 million in pension obligations under The New York Times Companies Pension Plan will be transferred to MassMutual. Under the agreement, the Company will purchase from MassMutual a group annuity contract for approximately 1,850 retirees (and beneficiaries) that will provide for an irrevocable commitment by MassMutual to make annuity payments to the affected retirees. As a result, the payment obligation and administration thereof for the affected retirees will be transferred from the Pension Plan to MassMutual. The transfer will not change the amount of the monthly pension benefits received by the affected retirees. This arrangement is part of the Company’s continued effort to reduce the overall size and volatility of our pension plan obligations, and the administrative costs related thereto. The purchase of the group annuity contract will be funded through existing Pension Plan assets. As a result of the transaction, the Company expects to recognize a non-cash pension settlement charge of approximately $80-85 million before tax in the fourth quarter of 2020. This charge represents the acceleration of deferred charges currently accrued in AOCI.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 27, 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 do not expect this guidance to have a material impact on our consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 27, 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 do not expect this guidance to have a material impact on our consolidated financial statements.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 27, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Subscription, advertising and other revenues were as follows: For the Quarters Ended For the Nine Months Ended (In thousands) September 27, 2020 As % of total September 29, 2019 As % of total September 27, 2020 As % of total September 29, 2019 As % of total Subscription $ 300,950 70.5 % $ 267,302 62.4 % $ 879,573 69.0 % $ 808,568 62.0 % Advertising 79,253 18.6 % 113,531 26.5 % 253,150 19.9 % 359,380 27.6 % Other (1) 46,692 10.9 % 47,668 11.1 % 141,558 11.1 % 135,873 10.4 % Total $ 426,895 100.0 % $ 428,501 100.0 % $ 1,274,281 100.0 % $ 1,303,821 100.0 % (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 and $8 million for the third quarters of 2020 and 2019, respectively, and approximately $22 million and $23 million for the first nine months of 2020 and 2019, respectively. The following table summarizes digital and print subscription revenues, which are components of subscription revenues above, for the third quarters and first nine months ended September 27, 2020, and September 29, 2019: For the Quarters Ended For the Nine Months Ended (In thousands) September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Digital-only subscription revenues: News product subscription revenues (1) $ 140,740 $ 107,009 $ 392,620 $ 313,785 Other product subscription revenues (2) 14,546 8,855 38,660 24,573 Subtotal digital-only subscriptions 155,286 115,864 431,280 338,358 Print subscription revenues: Domestic home delivery subscription revenues (3) 129,912 126,769 396,620 395,011 Single-copy, NYT International and other subscription revenues (4) 15,752 24,669 51,673 75,199 Subtotal print subscription revenues 145,664 151,438 448,293 470,210 Total subscription revenues $ 300,950 $ 267,302 $ 879,573 $ 808,568 (1) Includes revenues from subscriptions to the Company’s news product. News product subscription packages that include access to the Company’s Games and Cooking products are also included in this category. (2) Includes revenues from standalone subscriptions to the Company’s Games, Cooking and audio products. (3) Includes free access to some or all of the Company’s digital products. (4) NYT International is the international edition of our print newspaper. The following table summarizes digital and print advertising revenues for the third quarters and first nine months of 2020 and 2019: For the Quarters Ended For the Nine Months Ended (In thousands) September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Advertising revenues: Digital $ 47,763 $ 54,653 $ 138,452 $ 168,222 Print 31,490 58,878 114,698 191,158 Total advertising $ 79,253 $ 113,531 $ 253,150 $ 359,380

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Sep. 27, 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 September 27, 2020, and December 29, 2019: September 27, 2020 (In thousands) Amortized Cost Gross unrealized gains Gross unrealized losses Fair Value Short-term AFS securities Corporate debt securities $ 119,042 $ 561 $ (17) $ 119,586 U.S. Treasury securities 97,712 94 (4) 97,802 U.S. governmental agency securities 47,759 68 (4) 47,823 Commercial paper 43,523 — — 43,523 Total short-term AFS securities $ 308,036 $ 723 $ (25) $ 308,734 Long-term AFS securities Corporate debt securities $ 118,690 $ 1,713 $ (22) $ 120,381 U.S. Treasury securities 88,059 2,343 — 90,402 U.S. governmental agency securities 64,881 89 (104) 64,866 Total long-term AFS securities $ 271,630 $ 4,145 $ (126) $ 275,649 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 September 27, 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: September 27, 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 $ 22,174 $ (17) $ — $ — $ 22,174 $ (17) U.S. Treasury securities 43,982 (4) — — 43,982 (4) U.S. governmental agency securities 4,999 (2) 8,748 (2) 13,747 (4) Total short-term AFS securities $ 71,155 $ (23) $ 8,748 $ (2) $ 79,903 $ (25) Long-term AFS securities Corporate debt securities $ 10,466 $ (22) $ — $ — $ 10,466 $ (22) U.S. governmental agency securities 22,146 (104) — — 22,146 (104) Total long-term AFS securities $ 32,612 $ (126) $ — $ — $ 32,612 $ (126) 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 (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Sep. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Balances	The changes in the carrying amount of goodwill as of September 27, 2020, and since December 29, 2019, were as follows: (In thousands) Total Company Balance as of December 29, 2019 $ 138,674 Business acquisitions 27,269 Foreign currency translation 2,757 Balance as of September 27, 2020 $ 168,700

Other (Tables)

Other (Tables)	9 Months Ended
	Sep. 27, 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 Nine Months Ended (In thousands) September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Interest income and other expense, net (1) $ 3,720 $ 5,078 $ 20,724 $ 17,093 Interest expense (188) (7,118) (569) (21,314) Amortization of debt costs and discount on debt — 1,278 — 590 Capitalized interest 5 7 22 59 Total interest income/(expense) and other, net $ 3,537 $ (755) $ 20,177 $ (3,572) (1) The nine months ended September 27, 2020, include a $10.1 million gain related to a non-marketable equity investment transaction. The nine months ended September 29, 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 September 27, 2020, and December 29, 2019, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) September 27, 2020 December 29, 2019 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 215,763 $ 230,431 Restricted cash included within other current assets 550 528 Restricted cash included within miscellaneous assets 15,302 16,559 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 231,615 $ 247,518
Restrictions on Cash and Cash Equivalents	A reconciliation of cash, cash equivalents and restricted cash as of September 27, 2020, and December 29, 2019, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) September 27, 2020 December 29, 2019 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 215,763 $ 230,431 Restricted cash included within other current assets 550 528 Restricted cash included within miscellaneous assets 15,302 16,559 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 231,615 $ 247,518

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 27, 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 September 27, 2020, and December 29, 2019: (In thousands) September 27, 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 $ 119,586 $ — $ 119,586 $ — $ 99,126 $ — $ 99,126 $ — U.S. Treasury securities 97,802 — 97,802 — 43,095 — 43,095 — U.S. governmental agency securities 47,823 — 47,823 — 37,502 — 37,502 — Commercial paper 43,523 — 43,523 — 12,561 — 12,561 — Certificates of deposit — — — — 9,501 — 9,501 — Total short-term AFS securities $ 308,734 $ — $ 308,734 $ — $ 201,785 $ — $ 201,785 $ — Long-term AFS securities (1) Corporate debt securities $ 120,381 $ — $ 120,381 $ — $ 103,737 $ — $ 103,737 $ — U.S. Treasury securities 90,402 — 90,402 — 101,438 — 101,438 — U.S. governmental agency securities 64,866 — 64,866 — 46,521 — 46,521 — Total long-term AFS securities $ 275,649 $ — $ 275,649 $ — $ 251,696 $ — $ 251,696 $ — Liabilities: Deferred compensation (2)(3) $ 19,797 $ 19,797 $ — $ — $ 23,702 $ 23,702 $ — $ — Contingent consideration (4) $ 8,431 $ — $ — $ 8,431 $ — $ — $ — $ — (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 $46.8 million as of September 27, 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. (4) The contingent consideration represents contingent payments in connection with the Serial acquisition. The Company estimated the fair value of the contingent consideration liability using a probability-weighted discounted cash flow model. The estimate of the fair value of contingent consideration requires subjective assumptions to be made regarding probabilities assigned to operational targets and the discount rate. During the three months ended September 27, 2020, the Company made payments of $0.9 million related to the contingent consideration. The remaining balance of $8.4 million is included in Accrued expenses and other, for the current portion of the liability, and Other non-current liabilities, for the long-term portion of the liability, in our Condensed Consolidated Balance Sheets. See Note 5 for more information.

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 27, 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 September 27, 2020 September 29, 2019 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 2,608 $ — $ 2,608 $ 1,278 $ — $ 1,278 Interest cost 11,742 1,648 13,390 14,708 2,089 16,797 Expected return on plan assets (17,741) — (17,741) (20,258) — (20,258) Amortization of actuarial loss 5,655 1,521 7,176 4,635 1,094 5,729 Amortization of prior service credit (486) — (486) (487) — (487) Net periodic pension cost/(income) (1) $ 1,778 $ 3,169 $ 4,947 $ (124) $ 3,183 $ 3,059 For the Nine Months Ended September 27, 2020 September 29, 2019 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 7,822 $ — $ 7,822 $ 3,835 $ — $ 3,835 Interest cost 35,226 4,945 40,171 44,125 6,265 50,390 Expected return on plan assets (53,222) — (53,222) (60,775) — (60,775) Amortization of actuarial loss 16,966 4,564 21,530 13,905 3,282 17,187 Amortization of prior service credit (1,459) — (1,459) (1,459) — (1,459) Net periodic pension cost/(income) (1) $ 5,333 $ 9,509 $ 14,842 $ (369) $ 9,547 $ 9,178 (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 Nine Months Ended (In thousands) September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Service cost $ 7 $ 6 $ 21 $ 20 Interest cost 257 402 770 1,202 Amortization of actuarial loss 763 843 2,289 2,531 Amortization of prior service credit (1,099) (1,192) (3,378) (3,574) Net periodic postretirement benefit (income)/cost (1) $ (72) $ 59 $ (298) $ 179 (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)	9 Months Ended
	Sep. 27, 2020
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The following table summarizes the changes in AOCI by component as of September 27, 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 3,095 — 3,936 7,031 Amounts reclassified from accumulated other comprehensive loss, before tax — 18,982 — 18,982 Income tax expense 823 5,083 1,049 6,955 Net current-period other comprehensive income, net of tax 2,272 13,899 2,887 19,058 Balance as of September 27, 2020 $ 5,710 $ (485,087) $ 3,459 $ (475,918)
Reclassification out of Accumulated Other Comprehensive Income	The following table summarizes the reclassifications from AOCI for the nine months ended September 27, 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) $ (4,837) Other components of net periodic benefit costs Amortization of actuarial loss (1) 23,819 Other components of net periodic benefit costs Total reclassification, before tax (2) 18,982 Income tax expense 5,083 Income tax expense Total reclassification, net of tax $ 13,899 (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 nine months ended September 27, 2020.

Reclassification (Tables)

Reclassification (Tables)	9 Months Ended
	Sep. 27, 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 nine months ended September 29, 2019, is as follows: As Reported for the Quarter Ended September 29, 2019 Reclassification Recast for the Quarter Operating costs Production costs: Wages and benefits $ 106,377 $ (106,377) (1)(2) $ — Raw materials 18,531 (18,531) (1) — Other production costs 53,868 (53,868) (1)(2) — Total production costs 178,776 (178,776) (1)(2) — Cost of revenue (excluding depreciation and amortization) — 245,100 (1)(3)(4) 245,100 Selling, general and administrative costs 207,226 (207,226) (3)(4)(5) — Sales and marketing — 64,218 (4)(5) 64,218 Product development — 26,669 (2)(4)(5) 26,669 General and administrative — 50,015 (4)(5) 50,015 Depreciation and amortization 15,450 — 15,450 Total operating costs $ 401,452 $ — $ 401,452 As Reported for the Nine Months Ended September 29, 2019 Reclassification Recast for the Nine Months Ended Operating costs Production costs: Wages and benefits $ 313,244 $ (313,244) (1)(2) $ — Raw materials 57,527 (57,527) (1) — Other production costs 149,102 (149,102) (1)(2) — Total production costs 519,873 (519,873) (1)(2) — Cost of revenue (excluding depreciation and amortization) — 729,654 (1)(3)(4) 729,654 Selling, general and administrative costs 638,820 (638,820) (3)(4)(5) — Sales and marketing — 201,327 (4)(5) 201,327 Product development — 75,658 (2)(4)(5) 75,658 General and administrative — 152,054 (4)(5) 152,054 Depreciation and amortization 45,548 — 45,548 Total operating costs $ 1,204,241 $ — $ 1,204,241 ( 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 .

Revenue - Subscription, Adverti

Revenue - Subscription, Advertising, and Other Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 426,895	$ 428,501	$ 1,274,281	$ 1,303,821
Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	100.00%	100.00%	100.00%	100.00%
Subscription
Disaggregation of Revenue [Line Items]
Total revenues	$ 300,950	$ 267,302	$ 879,573	$ 808,568
Subscription | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	70.50%	62.40%	69.00%	62.00%
Advertising
Disaggregation of Revenue [Line Items]
Total revenues	$ 79,253	$ 113,531	$ 253,150	$ 359,380
Advertising | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	18.60%	26.50%	19.90%	27.60%
Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 46,692	$ 47,668	$ 141,558	$ 135,873
Other | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	10.90%	11.10%	11.10%	10.40%
Real Estate
Disaggregation of Revenue [Line Items]
Revenue not from contract with customer	$ 7,000	$ 8,000	$ 22,000	$ 23,000

Revenue - Digital-only Subscrip

Revenue - Digital-only Subscription Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 426,895	$ 428,501	$ 1,274,281	$ 1,303,821
News products | Digital
Disaggregation of Revenue [Line Items]
Total revenues	140,740	107,009	392,620	313,785
Other products | Digital
Disaggregation of Revenue [Line Items]
Total revenues	14,546	8,855	38,660	24,573
Domestic home delivery subscription | Print
Disaggregation of Revenue [Line Items]
Total revenues	129,912	126,769	396,620	395,011
Single copy, NYT International and other | Print
Disaggregation of Revenue [Line Items]
Total revenues	15,752	24,669	51,673	75,199
Subscription
Disaggregation of Revenue [Line Items]
Total revenues	300,950	267,302	879,573	808,568
Subscription | Digital
Disaggregation of Revenue [Line Items]
Total revenues	155,286	115,864	431,280	338,358
Subscription | Print
Disaggregation of Revenue [Line Items]
Total revenues	$ 145,664	$ 151,438	$ 448,293	$ 470,210

Revenue - Advertising Revenues

Revenue - Advertising Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Disaggregation of Revenue [Line Items]
Advertising revenue	$ 426,895	$ 428,501	$ 1,274,281	$ 1,303,821
Advertising
Disaggregation of Revenue [Line Items]
Advertising revenue	79,253	113,531	253,150	359,380
Digital | Advertising
Disaggregation of Revenue [Line Items]
Advertising revenue	47,763	54,653	138,452	168,222
Print | Advertising
Disaggregation of Revenue [Line Items]
Advertising revenue	$ 31,490	$ 58,878	$ 114,698	$ 191,158

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details) $ in Millions	Sep. 27, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 153
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-09-28
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 16
Remaining performance obligation, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-12-28
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 60
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-12-27
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 77
Remaining performance obligation, period	1 year

Revenue - Contract Assets (Deta

Revenue - Contract Assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 27, 2020	Dec. 29, 2019
Revenue from Contract with Customer [Abstract]
Contract asset, current	$ 2.2	$ 3.4
Commutative catch up adjustment	$ 1.2

Marketable Securities - Availab

Marketable Securities - Available for Sale (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 27, 2020	Dec. 29, 2019
Debt Securities, Available-for-sale [Line Items]
Net unrealized loss in other comprehensive income	$ 4,700	$ 800
Short-term AFS securities
Amortized cost, short-term AFS securities	308,036	201,495
Gross unrealized gains, short-term AFS securities	723	314
Gross unrealized losses, short-term AFS securities	(25)	(24)
Fair value, short-term AFS securities	308,734	201,785
Long-term AFS securities
Amortized cost, long-term AFS securities	271,630	251,206
Gross unrealized gains, long-term AFS securities	4,145	706
Gross unrealized losses, long-term AFS securities	(126)	(216)
Fair value, long-term AFS securities	275,649	251,696
Corporate debt securities
Short-term AFS securities
Amortized cost, short-term AFS securities	119,042	98,864
Gross unrealized gains, short-term AFS securities	561	271
Gross unrealized losses, short-term AFS securities	(17)	(9)
Fair value, short-term AFS securities	119,586	99,126
Long-term AFS securities
Amortized cost, long-term AFS securities	118,690	103,149
Gross unrealized gains, long-term AFS securities	1,713	617
Gross unrealized losses, long-term AFS securities	(22)	(29)
Fair value, long-term AFS securities	120,381	103,737
U.S. Treasury securities
Short-term AFS securities
Amortized cost, short-term AFS securities	97,712	43,098
Gross unrealized gains, short-term AFS securities	94	8
Gross unrealized losses, short-term AFS securities	(4)	(11)
Fair value, short-term AFS securities	97,802	43,095
Long-term AFS securities
Amortized cost, long-term AFS securities	88,059	101,457
Gross unrealized gains, long-term AFS securities	2,343	84
Gross unrealized losses, long-term AFS securities	0	(103)
Fair value, long-term AFS securities	90,402	101,438
U.S. governmental agency securities
Short-term AFS securities
Amortized cost, short-term AFS securities	47,759	37,471
Gross unrealized gains, short-term AFS securities	68	35
Gross unrealized losses, short-term AFS securities	(4)	(4)
Fair value, short-term AFS securities	47,823	37,502
Long-term AFS securities
Amortized cost, long-term AFS securities	64,881	46,600
Gross unrealized gains, long-term AFS securities	89	5
Gross unrealized losses, long-term AFS securities	(104)	(84)
Fair value, long-term AFS securities	64,866	46,521
Commercial paper
Short-term AFS securities
Amortized cost, short-term AFS securities	43,523	12,561
Gross unrealized gains, short-term AFS securities	0	0
Gross unrealized losses, short-term AFS securities	0	0
Fair value, short-term AFS securities	$ 43,523	12,561
Certificates of deposit
Short-term AFS securities
Amortized cost, short-term AFS securities		9,501
Gross unrealized gains, short-term AFS securities		0
Gross unrealized losses, short-term AFS securities		0
Fair value, short-term AFS securities		$ 9,501

Marketable Securities Available

Marketable Securities Available-for-sale Securities - Continuous Loss Position (Details) - USD ($) $ in Thousands	Sep. 27, 2020	Dec. 29, 2019
Total short-term AFS securities
Short-term AFS securities
Fair value, less than 12 months	$ 71,155	$ 34,271
Gross unrealized losses, less than 12 months	(23)	(9)
Fair value, greater than 12 months	8,748	34,398
Gross unrealized losses, greater than 12 months	(2)	(15)
Fair value, total	79,903	68,669
Gross unrealized losses, total	(25)	(24)
Total long-term AFS securities
Long-term AFS securities
Fair value, less than 12 months	32,612	130,993
Gross unrealized losses, less than 12 months	(126)	(212)
Fair value, greater than 12 months	0	4,502
Gross unrealized losses, greater than 12 months	0	(4)
Fair value, total	32,612	135,495
Gross unrealized losses, total	(126)	(216)
Corporate debt securities
Short-term AFS securities
Fair value, less than 12 months	22,174	20,975
Gross unrealized losses, less than 12 months	(17)	(6)
Fair value, greater than 12 months	0	8,251
Gross unrealized losses, greater than 12 months	0	(3)
Fair value, total	22,174	29,226
Gross unrealized losses, total	(17)	(9)
Long-term AFS securities
Fair value, less than 12 months	10,466	35,891
Gross unrealized losses, less than 12 months	(22)	(25)
Fair value, greater than 12 months	0	4,502
Gross unrealized losses, greater than 12 months	0	(4)
Fair value, total	10,466	40,393
Gross unrealized losses, total	(22)	(29)
U.S. Treasury securities
Short-term AFS securities
Fair value, less than 12 months	43,982	13,296
Gross unrealized losses, less than 12 months	(4)	(3)
Fair value, greater than 12 months	0	11,147
Gross unrealized losses, greater than 12 months	0	(8)
Fair value, total	43,982	24,443
Gross unrealized losses, total	(4)	(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	4,999	0
Gross unrealized losses, less than 12 months	(2)	0
Fair value, greater than 12 months	8,748	15,000
Gross unrealized losses, greater than 12 months	(2)	(4)
Fair value, total	13,747	15,000
Gross unrealized losses, total	(4)	(4)
Long-term AFS securities
Fair value, less than 12 months	22,146	34,167
Gross unrealized losses, less than 12 months	(104)	(84)
Fair value, greater than 12 months	0	0
Gross unrealized losses, greater than 12 months	0	0
Fair value, total	22,146	34,167
Gross unrealized losses, total	$ (104)	$ (84)

Marketable Securities (Details)

Marketable Securities (Details)	9 Months Ended
	Sep. 27, 2020USD ($)
Line of Credit Facility [Line Items]
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		9 Months Ended
	Sep. 27, 2020	Mar. 29, 2020	Sep. 27, 2020	Sep. 29, 2019	Jun. 28, 2020	Dec. 29, 2019
Business Acquisition [Line Items]
Payments for business acquisitions			$ 33,085	$ 0
Goodwill	$ 168,700		168,700			$ 138,674
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
Goodwill					$ 5,800
Intangible assets					$ 2,700
Useful life	8 years
Serial Productions, LLC
Business Acquisition [Line Items]
Payments for business acquisitions	$ 25,000
Goodwill	21,500		21,500
Intangible assets	12,900		12,900
Acquisition of business, earn-out payments	$ 9,300
Earn-out payment term	5 years
Indefinite-lived intangible assets (excluding goodwill)	$ 9,000		9,000
Useful life	6 years
Miscellaneous Assets
Business Acquisition [Line Items]
Intangible assets	$ 17,000		$ 17,000

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) $ in Thousands	9 Months Ended
	Sep. 27, 2020USD ($)
Goodwill [Roll Forward]
Balance as of December 29, 2019	$ 138,674
Business acquisitions	27,269
Foreign currency translation	2,757
Balance as of September 27, 2020	$ 168,700

Investments - Non-Marketable Eq

Investments - Non-Marketable Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 27, 2020	Mar. 29, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019	Dec. 29, 2019
Net Investment Income [Line Items]
Equity securities	$ 21,800			$ 21,800		$ 13,400
Interest income and other expense, net	$ 3,720		$ 5,078	$ 20,724	$ 17,093
Realized gain on partial sale of investment		$ 2,500
Unrealized gain due to mark to market of remaining investment		7,600
Non-marketable equity securities
Net Investment Income [Line Items]
Interest income and other expense, net		$ 10,100

Other - Narrative (Details)

Other - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019	Dec. 29, 2019
Other Expense [Line Items]
Severance liability		$ 10,200,000		$ 10,200,000		$ 8,400,000
Credit Facility
Other Expense [Line Items]
Unsecured revolving credit facility, maximum borrowing capacity			$ 250,000,000		$ 250,000,000
Unsecured revolving credit facility, term	5 years
Unsecured revolving credit facility, unused commitment fee (quarterly)	0.20%
Capitalized Computer Software Costs
Other Expense [Line Items]
Capitalized computer software amortization		3,900,000	4,400,000	11,600,000	13,100,000
Severance | Selling, General and Administrative Expenses
Other Expense [Line Items]
Severance costs		$ 0	$ 300,000	$ 6,700,000	$ 2,400,000

Other - Interest Expense and Ot

Other - Interest Expense and Other, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Other Income and Expenses [Abstract]
Interest income and other expense, net	$ 3,720	$ 5,078	$ 20,724	$ 17,093
Interest expense	(188)	(7,118)	(569)	(21,314)
Amortization of debt costs and discount on debt	0	1,278	0	590
Capitalized interest	5	7	22	59
Total interest expense and other, net	3,537	(755)	20,177	(3,572)
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	Sep. 27, 2020	Dec. 29, 2019	Sep. 29, 2019	Dec. 30, 2018
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 215,763	$ 230,431
Restricted cash included within other current assets	550	528
Restricted cash included within miscellaneous assets	15,302	16,559
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$ 231,615	$ 247,518	$ 300,800	$ 259,799

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 27, 2020	Sep. 27, 2020	Sep. 29, 2019	Dec. 29, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	$ 308,734	$ 308,734		$ 201,785
Long-term AFS securities	275,649	275,649		251,696
Payment of contingent consideration	900	862	$ 0
Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	19,797	19,797		23,702
Contingent consideration	0	0		0
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0		0
Contingent consideration	0	0		0
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0		0
Contingent consideration	8,431	8,431		0
Fair Value | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	19,797	19,797		23,702
Contingent consideration	8,431	8,431		0
Debt Securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	308,734	308,734		201,785
Long-term AFS securities	275,649	275,649		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		0
Long-term AFS securities	0	0		0
Debt Securities | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	308,734	308,734		201,785
Long-term AFS securities	275,649	275,649		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		0
Long-term AFS securities	0	0		0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	119,586	119,586		99,126
Long-term AFS securities	120,381	120,381		103,737
Corporate debt securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	119,586	119,586		99,126
Long-term AFS securities	120,381	120,381		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		0
Long-term AFS securities	0	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	119,586	119,586		99,126
Long-term AFS securities	120,381	120,381		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		0
Long-term AFS securities	0	0		0
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	97,802	97,802		43,095
Long-term AFS securities	90,402	90,402		101,438
U.S. Treasury securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	97,802	97,802		43,095
Long-term AFS securities	90,402	90,402		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		0
Long-term AFS securities	0	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	97,802	97,802		43,095
Long-term AFS securities	90,402	90,402		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		0
Long-term AFS securities	0	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	47,823	47,823		37,502
Long-term AFS securities	64,866	64,866		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		0
Long-term AFS securities	0	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	47,823	47,823		37,502
Long-term AFS securities	64,866	64,866		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		0
Long-term AFS securities	0	0		0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	43,523	43,523		12,561
Commercial paper | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	43,523	43,523		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		0
Commercial paper | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	43,523	43,523		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		0
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities				9,501
Certificates of deposit | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0		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		0
Certificates of deposit | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0		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		0
Life insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Miscellaneous assets	$ 46,800	$ 46,800		$ 46,000

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits - Pension Benefits - Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019	Oct. 09, 2020
Pension Benefits
Gain from pension liability adjustment	$ 0	$ 2,045	$ 0	$ 2,045
Pension Plan
Pension Benefits
Service cost	2,608	1,278	7,822	3,835
Interest cost	13,390	16,797	40,171	50,390
Expected return on plan assets	(17,741)	(20,258)	(53,222)	(60,775)
Amortization of actuarial loss	7,176	5,729	21,530	17,187
Amortization of prior service credit	(486)	(487)	(1,459)	(1,459)
Net periodic postretirement benefit income/cost	4,947	3,059	14,842	9,178
Pension Plan | Subsequent Event
Pension Benefits
Pension obligation					$ 235,000
Qualified Plans | Pension Plan
Pension Benefits
Service cost	2,608	1,278	7,822	3,835
Interest cost	11,742	14,708	35,226	44,125
Expected return on plan assets	(17,741)	(20,258)	(53,222)	(60,775)
Amortization of actuarial loss	5,655	4,635	16,966	13,905
Amortization of prior service credit	(486)	(487)	(1,459)	(1,459)
Net periodic postretirement benefit income/cost	1,778	(124)	5,333	(369)
Pension contributions			6,900	6,300
Expected future employer contributions	9,000		9,000
Qualified Plans | Pension Plan | Subsequent Event
Pension Benefits
Pension obligation					$ 235,000
Non- Qualified Plans | Pension Plan
Pension Benefits
Service cost	0	0	0	0
Interest cost	1,648	2,089	4,945	6,265
Expected return on plan assets	0	0	0	0
Amortization of actuarial loss	1,521	1,094	4,564	3,282
Amortization of prior service credit	0	0	0	0
Net periodic postretirement benefit income/cost	$ 3,169	$ 3,183	$ 9,509	$ 9,547

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits - Other Postretirement Benefits (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Pension Benefits
Service cost	$ 7	$ 6	$ 21	$ 20
Interest cost	257	402	770	1,202
Amortization of actuarial loss	763	843	2,289	2,531
Amortization of prior service credit	(1,099)	(1,192)	(3,378)	(3,574)
Net periodic postretirement benefit income/cost	$ (72)	$ 59	$ (298)	$ 179

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 7,283	$ 6,070	$ 19,070	$ 16,789
Effective income tax rate from continuing operations	17.80%	27.00%	17.50%	19.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,000,000	1,400,000	1,100,000	1,400,000
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	0	0	0

Supplemental Stockholders' Eq_3

Supplemental Stockholders' Equity Information - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 27, 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		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	$ 1,231,031	$ 1,085,203	$ 1,173,863	$ 1,042,641
Income tax expense	2,192	489	6,955	3,903
Other comprehensive income, net of tax	6,038	1,529	19,058	11,269
Balance, end of period	1,257,254	1,097,766	1,257,254	1,097,766
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			3,438
Other comprehensive (loss)/income before reclassifications, before tax			3,095
Amounts reclassified from accumulated other comprehensive loss, before tax			0
Income tax expense			823
Other comprehensive income, net of tax			2,272
Balance, end of period	5,710		5,710
Funded Status of Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(498,986)
Other comprehensive (loss)/income before reclassifications, before tax			0
Amounts reclassified from accumulated other comprehensive loss, before tax			18,982
Income tax expense			5,083
Other comprehensive income, net of tax			13,899
Balance, end of period	(485,087)		(485,087)
Net Unrealized Gain on Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			572
Other comprehensive (loss)/income before reclassifications, before tax			3,936
Amounts reclassified from accumulated other comprehensive loss, before tax			0
Income tax expense			1,049
Other comprehensive income, net of tax			2,887
Balance, end of period	3,459		3,459
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(481,956)	(507,984)	(494,976)	(517,724)
Other comprehensive (loss)/income before reclassifications, before tax			7,031
Amounts reclassified from accumulated other comprehensive loss, before tax			18,982
Income tax expense			6,955
Other comprehensive income, net of tax	6,038	1,529	19,058	11,269
Balance, end of period	$ (475,918)	$ (506,455)	$ (475,918)	$ (506,455)

Supplemental Stockholders' Eq_5

Supplemental Stockholders' Equity Information - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of revenue (excluding depreciation and amortization)		$ (245,100)		$ (729,654)
Total reclassification, before tax	$ 40,861	22,497	$ 109,164	88,543
Income tax expense	7,283	6,070	19,070	16,789
Total reclassification, net of tax	$ 33,578	$ 16,427	90,094	$ 71,754
Amounts reclassified from accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification, before tax			18,982
Income tax expense			5,083
Total reclassification, net of tax			13,899
Amounts reclassified from accumulated other comprehensive loss | Amortization of prior service credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of revenue (excluding depreciation and amortization)			(4,837)
Amounts reclassified from accumulated other comprehensive loss | Amortization of actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of revenue (excluding depreciation and amortization)			$ 23,819

Segment Information (Details)

Segment Information (Details)	9 Months Ended
	Sep. 27, 2020segment
Segment Reporting [Abstract]
Number of reportable segments (in segments)	1

Reclassification (Details)

Reclassification (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2020	Sep. 29, 2019	Sep. 27, 2020	Sep. 29, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Wages and benefits		$ 0		$ 0
Raw materials		0		0
Other production costs		0		0
Total production costs		0		0
Cost of revenue (excluding depreciation and amortization)		245,100		729,654
Selling, general and administrative costs		0		0
Sales and marketing	$ 50,627	64,218	$ 164,040	201,327
Product development	34,102	26,669	95,641	75,658
General and administrative	$ 51,118	50,015	$ 162,791	152,054
Depreciation and amortization		15,450		45,548
Total operating costs		401,452		1,204,241
As reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Wages and benefits		106,377		313,244
Raw materials		18,531		57,527
Other production costs		53,868		149,102
Total production costs		178,776		519,873
Cost of revenue (excluding depreciation and amortization)		0		0
Selling, general and administrative costs		207,226		638,820
Sales and marketing		0		0
Product development		0		0
General and administrative		0		0
Depreciation and amortization		15,450		45,548
Total operating costs		401,452		1,204,241
Reclassification
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Wages and benefits		(106,377)		(313,244)
Raw materials		(18,531)		(57,527)
Other production costs		(53,868)		(149,102)
Total production costs		(178,776)		(519,873)
Cost of revenue (excluding depreciation and amortization)		245,100		729,654
Selling, general and administrative costs		(207,226)		(638,820)
Sales and marketing		64,218		201,327
Product development		26,669		75,658
General and administrative		50,015		152,054
Depreciation and amortization		0		0
Total operating costs		$ 0		$ 0

Subsequent Event (Details)

Subsequent Event (Details) - Pension Plan - Subsequent Event $ in Millions	Oct. 09, 2020USD ($)Benefit_Plan_Participants	Dec. 27, 2020USD ($)
Subsequent Event [Line Items]
Pension obligation	$ 235
Number of retirees and beneficiaries (in participants) | Benefit_Plan_Participants	1,850
Minimum | Forecast
Subsequent Event [Line Items]
Curtailment recorded		$ (80)
Maximum | Forecast
Subsequent Event [Line Items]
Curtailment recorded		$ (85)