EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 28, 2021

Basic and diluted earnings per common share were as follows (in thousands, except per share amounts):


	Three months ended
		March 28, 2021		March 29, 2020
Income (loss) - Numerator:
Net income (loss) available to Tribune common stockholders, before discontinued operations		6,122		(48,980)

Income from discontinued operations, net of taxes		20,500		4,974
Less: Income (loss) attributable to NCI		(413)		1,330
Less: NCI carrying value adjustment		—		322
Plus: Elimination of cumulative NCI carrying value adjustments		25,842		—
Income available to common shareholders from discontinued operations, net of taxes		46,755		3,322
Net income (loss) attributable to Tribune common stockholders		$	52,877	$	(45,658)

Shares - Denominator:
Weighted average number of common shares outstanding (basic)		36,687		36,294
Dilutive effect of employee stock options and RSUs		336		—
Adjusted weighted average shares outstanding (diluted)		37,023		36,294

Basic net income (loss) attributable to Tribune per common share:
Income (loss) from continuing operations		$	0.17	$	(1.35)
Income from discontinued operations		$	1.27	$	0.09
Basic net income (loss) attributable to Tribune per common share		$	1.44	$	(1.26)

Diluted net income (loss) attributable to Tribune per common share:
Income (loss) from continuing operations		$	0.17	$	(1.35)
Income from discontinued operations		$	1.26	$	0.09
Diluted net income (loss) attributable to Tribune per common share		$	1.43	$	(1.26)

Tribune Publishing Co 10-Q