0001413898-21-000012 | 10-K | XBRL Viewer

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2020	Mar. 04, 2021	Jun. 30, 2020
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity File Number	1-33741
Entity Registrant Name	A. H. Belo Corporation
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	38-3765318
Entity Address, Address Line One	P. O. Box 224866
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75222-4866
City Area Code	214
Local Phone Number	977-7342
Title of 12(b) Security	Series A Common Stock, $0.01 par value
Trading Symbol	AHC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 32,154,654
Entity Central Index Key	0001413898
Amendment Flag	false
Documents Incorporated by Reference	Selected designated portions of the registrant’s definitive proxy statement, relating to the Annual Meeting of Shareholders to be held on May 13, 2021, are incorporated by reference into Parts II and III of this Annual Report.
Series A [Member]
Entity Common Stock, Shares Outstanding		18,941,420
Series B [Member]
Entity Common Stock, Shares Outstanding		2,469,003

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net Operating Revenue:
Total net operating revenue	$ 154,299	$ 183,563
Operating Costs and Expense:
Employee compensation and benefits	71,772	80,134
Other production, distribution and operating costs	80,008	90,673
Newsprint, ink and other supplies	10,168	16,570
Depreciation	7,016	8,983
Amortization	255	495
(Gain) loss on sale/disposal of assets, net	90	(24,540)
Asset impairments	563	1,709
Total operating costs and expense	169,872	174,024
Operating income (loss)	(15,573)	9,539
Other income, net	7,014	4,169
Income (Loss) Before Income Taxes	(8,559)	13,708
Income tax provision (benefit)	(1,687)	4,416
Net Income (Loss)	$ (6,872)	$ 9,292
Per Share Basis
Net income (loss), basic and diluted	$ (0.32)	$ 0.43
Number of common shares used in the per share calculation:
Basic and diluted	21,410,423	21,546,257
Advertising And Marketing Services [Member]
Net Operating Revenue:
Total net operating revenue	$ 72,214	$ 95,856
Circulation [Member]
Net Operating Revenue:
Total net operating revenue	64,935	68,260
Printing, Distribution And Other [Member]
Net Operating Revenue:
Total net operating revenue	$ 17,150	$ 19,447

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net Income (Loss)	$ (6,872)	$ 9,292
Other Comprehensive Income (Loss), Net of Tax:
Amortization of actuarial losses	876	247
Actuarial gains (losses)	(1,050)	5,100
Total other comprehensive income (loss), net of tax	(174)	5,347
Total Comprehensive Income (Loss)	$ (7,046)	$ 14,639

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 42,015	$ 48,626
Accounts receivable (net of allowance of $712 and $671 at December 31, 2020 and 2019, respectively)	16,562	18,441
Notes receivable	22,775
Inventories	1,974	2,573
Prepaids and other current assets	4,780	5,164
Total current assets	88,106	74,804
Property, plant and equipment, at cost	312,532	343,893
Less accumulated depreciation	(300,573)	(325,440)
Property, plant and equipment, net	11,959	18,453
Operating lease right-of-use assets	20,406	21,371
Intangible assets, net	64	319
Deferred income taxes, net	76	50
Long-term note receivable		22,400
Other assets	2,604	3,648
Total assets	123,215	141,045
Current liabilities:
Accounts payable	7,759	6,103
Accrued compensation and benefits	5,754	7,407
Other accrued expense	5,075	5,930
Contract liabilities	12,896	12,098
Total current liabilities	31,484	31,538
Long-term pension liabilities	18,520	23,039
Long-term operating lease liabilities	21,890	23,120
Other post-employment benefits	1,372	1,347
Other liabilities	3,541	4,264
Total liabilities	76,807	83,308
Shareholders' equity:
Preferred stock, $.01 par value; Authorized 2,000,000 shares; none issued
Treasury stock, Series A, at cost; 1,913,860 shares held at December 30, 2020 and 2019	(13,443)	(13,443)
Additional paid-in capital	494,389	494,389
Accumulated other comprehensive loss	(32,468)	(32,294)
Accumulated deficit	(402,303)	(391,148)
Total shareholders’ equity	46,408	57,737
Total liabilities and shareholders’ equity	123,215	141,045
Series A [Member]
Shareholders' equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	209	209
Series B [Member]
Shareholders' equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	$ 24	$ 24

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Allowance for doubtful accounts receivable	$ 712	$ 671
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Series A [Member]
Common stock, shares, issued	20,855,200	20,854,975
Series B [Member]
Common stock, shares, issued	2,469,083	2,469,308
Treasury Stock [Member] \| Series A [Member]
Treasury stock Series A, shares held	1,913,860	1,913,860

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member] Series A [Member]	Common Stock [Member] Series B [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member] Series A [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Series A [Member]	Total
Beginning Balance at Dec. 31, 2018			$ 233	$ 494,389		$ (12,601)	$ (37,641)	$ (393,582)		$ 50,798
Beginning Balance, Shares Common Stock at Dec. 31, 2018	20,854,728	2,469,555
Beginning Balance, Treasury Stock at Dec. 31, 2018					(1,697,370)
Net income (loss)								9,292		9,292
Other comprehensive income (loss)							5,347			5,347
Shares repurchased, shares					(216,490)				(216,490)
Shares repurchased						(842)			$ (842)	(842)
Conversion of Series B to Series A, shares	247	(247)
Dividends declared								(6,858)		(6,858)
Ending Balance at Dec. 31, 2019			233	494,389		(13,443)	(32,294)	(391,148)		57,737
Ending Balance, Shares Common Stock at Dec. 31, 2019	20,854,975	2,469,308
Ending Balance, Shares Treasury Stock at Dec. 31, 2019					(1,913,860)
Net income (loss)								(6,872)		(6,872)
Other comprehensive income (loss)							(174)			(174)
Conversion of Series B to Series A, shares	225	(225)
Dividends declared								(4,283)		(4,283)
Ending Balance at Dec. 31, 2020			$ 233	$ 494,389		$ (13,443)	$ (32,468)	$ (402,303)		$ 46,408
Ending Balance, Shares Common Stock at Dec. 31, 2020	20,855,200	2,469,083
Ending Balance, Shares Treasury Stock at Dec. 31, 2020					(1,913,860)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Shareholders' Equity [Abstract]
Dividends declared per share	$ 0.20	$ 0.32

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income (loss)	$ (6,872)	$ 9,292
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization	7,271	9,478
Net periodic pension and other post-employment benefit	(4,627)	(3,259)
Bad debt expense	425	828
Deferred income taxes	(26)	3,522
(Gain) loss on sale/disposal of assets, net	90	(24,540)
Asset impairments	563	1,709
Gain on investment related activity	(732)
Changes in working capital and other operating assets and liabilities, net of acquisitions:
Accounts receivable	1,079	3,525
Inventories, prepaids and other current assets	881	1,198
Other assets	1,026	1,381
Accounts payable	1,656	(693)
Compensation and benefit obligations	(1,653)	(2,682)
Other accrued expenses	(1,328)	859
Contract liabilities	798	649
Other post-employment benefits	(41)	(62)
Net cash provided by (used for) operating activities	(1,490)	1,205
Investing Activities
Purchases of assets	(887)	(2,415)
Sales of assets	155	4,597
Proceeds from sale of investment	750
Acquisitions, net of cash acquired		(2,356)
Net cash provided by (used for) investing activities	18	(174)
Financing Activities
Dividends paid	(5,139)	(6,876)
Shares repurchased		(842)
Net cash used for financing activities	(5,139)	(7,718)
Net decrease in cash and cash equivalents	(6,611)	(6,687)
Cash and cash equivalents, beginning of period	48,626	55,313
Cash and cash equivalents, end of period	$ 42,015	$ 48,626

Significant Accounting Policies and Recently Issued Accounting Standards

12 Months Ended

Dec. 31, 2020

Significant Accounting Policies and Recently Issued Accounting Standards [Abstract]

Significant Accounting Policies and Recently Issued Accounting Standards

Note 1: Significant Accounting Policies and Recently Issued Accounting Standards

Description of Business. A. H. Belo Corporation and subsidiaries are referred to collectively herein as “A. H. Belo” or the “Company.” The Company, headquartered in Dallas, Texas, is the leading local news and information publishing company in Texas. The Company has a growing presence in emerging media and digital marketing, and maintains capabilities related to commercial printing, distribution and direct mail. A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles.

The Company publishes The Dallas Morning News (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes, and various niche publications targeting specific audiences. Its newspaper operations also provide commercial printing and distribution services to several large national newspapers. In addition, the Company has the capabilities of a full-service strategy, creative and media agency that focuses on strategic and digital marketing, and data intelligence that provide a measurable return on investment to its clients.

COVID-19 Pandemic. Currently, the rapid spread of coronavirus (COVID-19 pandemic) globally has resulted in increased travel restrictions, and disruption and shutdown of businesses. The outbreak and any preventative or protective actions that the Company has taken and may continue to take, or may be imposed on the Company by governmental intervention, in respect of the pandemic may result in a period of disruption to the Company’s financial reporting capabilities, its printing operations, and its operations generally. COVID-19 is impacting, and may continue to impact, the Company’s customers, distribution partners, advertisers, production facilities, and third parties, and could result in additional loss of advertising revenue or supply chain disruption. The Company has been following the recommendations of local government and health authorities to minimize exposure risk for employees, including the temporary closure of some of the Company’s offices and having employees work remotely. Employees, including financial reporting staff, have been working remotely since on or about March 10, 2020, even as the stay-at-home orders were lifted in Texas. If the pandemic were to affect a significant number of the workforce employed in printing operations, the Company may experience delays or be unable to produce, print and deliver its publications and other third-party print publications on a timely basis. The extent to which the coronavirus impacts the Company’s results will depend on future developments, which are highly uncertain and include the actions taken by governments and private businesses to contain the coronavirus. The coronavirus is likely to continue to have an adverse impact on the Company’s business, results of operations and financial condition at least for the near term.

Media was designated an essential business, therefore the Company’s operations have continued throughout the pandemic. The Company is experiencing an increase in digital subscriptions, which currently does not offset the loss of advertising revenue. On April 6, 2020, the Company announced that it was taking several actions in response to the financial impact of COVID-19. The Company reduced operating and capital expenditures, and lowered the quarterly dividend rate to $0.04 per share for dividends declared. Beginning with the 2020 annual meeting of shareholders, the board of directors’ compensation was reduced and the board was reduced in size by two. In addition, employees’ base compensation was reduced Company-wide, and the annual bonus tied to financial metrics for eligible employees was not achieved. In August 2020, the Company began to restore base salaries and by October, the Company restored base salaries prospectively for all employees, with the exception of the executive officers that report to the Chief Executive Officer. The executive officers’ base salaries will be restored effective January 1, 2021. The Company continues to evaluate the future material impacts on its consolidated financial statements that may result from the actions taken by the Company and its customers in respect of the pandemic.

Basis of Presentation. The consolidated financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of the Company and its majority owned subsidiaries over which the Company exercises control. All intercompany balances and transactions have been eliminated in consolidation. All dollar amounts presented herein, except share and per share amounts, are in thousands, unless the context indicates otherwise.

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net operating revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates.

The COVID-19 pandemic has caused increased uncertainty in management’s estimates and assumptions affecting these consolidated financial statements. Areas where significant estimates are used include pension and other post-employment benefit obligation assumptions, income taxes, leases, self-insured liabilities, and long-lived assets impairment review.

Cash and Cash Equivalents. The Company considers all highly liquid instruments purchased with original maturities of three months or less to be cash equivalents. The Company places its cash and cash equivalents with high credit quality institutions. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.

Accounts Receivable. Accounts receivable are reported net of a valuation reserve that represents an estimate of amounts considered uncollectible. The Company estimates the allowance for doubtful accounts based on historical write-off experience and the Company’s knowledge of the customers’ ability to pay amounts due. Accounts are written-off after all collection efforts fail; generally, after one year has expired. Expense for such uncollectible amounts is included in other production, distribution and operating costs. Credit terms are customary. Bad debt expense for 2020 and 2019 was $425 and $828, respectively. Write-offs, net of recoveries and other adjustments for 2020 and 2019 were $384 and $738, respectively.

Risk Concentration. A significant portion of the Company’s customer base is concentrated within the North Texas geographical area. The Company generally extends credit to customers, and the ultimate collection of accounts receivable could be affected by the national and local economy, which currently is being impacted by the pandemic. Management continually performs credit evaluations of its customers and may require cash in advance or other special arrangements from certain customers. The Company maintains an allowance for losses based upon the collectability of accounts receivable. Management does not believe significant credit risk exists that could have a material adverse effect on the Company’s consolidated financial condition, liquidity or results of operations.

Notes Receivable. Notes receivable are recorded net of an allowance for doubtful accounts. Notes receivable are related to the financed portion of the sale of the Company’s former headquarters (see Note 14 – Disposal of Assets). Interest income is accrued on the unpaid principal balance, included in other income, net in the Consolidated Statements of Operations. The Company puts notes receivable on non-accrual status and provides an allowance against accrued interest if it is determined the likelihood of collecting substantially all of the note and accrued interest is not probable. Notes are written-off against the allowance when all possible means of collection have been exhausted and the potential for recovery is considered remote. As of December 31, 2020 and 2019, there was no allowance recorded for the notes receivable.

Inventories. Inventories, consisting primarily of newsprint, ink and other supplies used in printing newspapers, are recorded at the lower of cost or net realizable value. Cost is determined by the weighted average purchase price of the inventory acquired.

Property, Plant and Equipment. The Company records property, plant and equipment at cost or its fair value if acquired through a business acquisition or non-monetary exchange. Depreciation is recorded on a straight-line basis over the estimated useful lives of the assets and depreciable assets are reviewed to ensure the remaining useful life of the assets continues to be appropriate. An adjustment resulting from a change in the estimated useful life of an asset is recorded to depreciation expense on a prospective basis.

The table below sets forth property, plant and equipment by type.



	December 31,				Estimated
	2020		2019		Useful Lives
Land	$	1,971	$	2,191
Buildings and improvements		85,468		85,316	5 - 30 years
Publishing equipment		173,078		174,019	3 - 20 years
Other		51,876		80,678	3 - 10 years
Construction in process		139		1,689
Total		312,532		343,893
Less accumulated depreciation		(300,573)		(325,440)
Property, plant and equipment, net	$	11,959	$	18,453

Long-Lived Assets. The Company evaluates its ability to recover the carrying value of property, plant and equipment and finite-lived intangible assets, using the lowest level of separately identifiable cash flows associated with the assets, which are grouped based on the Company’s intended use of these assets. This evaluation is performed whenever a change in circumstances indicates that the carrying value of an asset group may not be recoverable. If the analysis of undiscounted future cash flows indicates the carrying value of the long-lived assets cannot be recovered, the assets are adjusted to the lower of its carrying value or fair value.

During the year ended December 31, 2020, the Company performed a review of potential impairment indicators for its long-lived assets, including property, plant and equipment, and right-of-use assets. The Company determined there were indicators of possible impairment and conducted a long-lived assets impairment review. Upon completion, it was determined the undiscounted cash flows including from ultimate disposition of the assets exceeded the carrying value of the asset group, thus no impairment was indicated. See Note 5 – Leases for additional information on right-of-use asset impairment.

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Pension. The Company follows accounting guidance for single-employer defined benefit plans. Plan assets and the projected benefit obligation are measured each December 31, and the Company records as an asset or liability the net funded position of the plans. Certain changes in actuarial valuations related to returns on plan assets and projected benefit obligations are recorded to accumulated other comprehensive income (loss) and are amortized to net periodic pension expense (benefit) over the weighted average remaining life of plan participants, to the extent the cumulative balance in accumulated other comprehensive income (loss) exceeds 10 percent of the greater of the respective plan’s (a) projected benefit obligation or (b) the market-related value of the plan’s assets. Net periodic pension expense (benefit) is recognized each period by accruing interest expense on the projected benefit obligation and accruing a return on assets associated with the plan assets. Participation in and accrual of new benefits to participants has been frozen since 2007 and, accordingly, on-going service costs are not a component of net periodic pension expense (benefit). From time to time, the Company-sponsored plans may settle pension obligations with certain plan participants through the plans’ master trust as part of its de-risking strategies. The gains or losses associated with settlements of plan obligations to participants are recognized to earnings if such settlements exceed the interest component of net periodic pension cost for the year. Otherwise, such amounts are included in actuarial gains (losses) in accumulated other comprehensive income (loss). Re-measurement of plan assets and liabilities upon a significant settlement or curtailment event is performed based on the values of the month-end closest to the event.

Long-Term Incentive Plan. The Company sponsored a long-term incentive plan (the “Plan”) under which it issued restricted stock units (“RSUs”) and cash awards to directors and certain employees of the Company. Due to the expiration of the Plan in February 2018, A. H. Belo implemented, and shareholders approved, a new long-term incentive plan (the “2017 Plan”) under which 8,000,000 shares of the Company’s Series A and Series B common stock are authorized and remain available for equity-based awards. Like its predecessor plan, awards under the 2017 Plan may be granted to A. H. Belo employees and outside directors in the form of non-qualified stock options, incentive stock options, restricted share awards, RSUs, performance shares, performance units or stock appreciation rights.

As of December 31, 2020 and 2019, there were no stock-based awards outstanding.

Shareholders’ Equity. The Company authorized the issuance of shares of Series A and Series B common stock. Series A common stock has one vote per share and Series B common stock has 10 votes per share. Shares of Series B common stock are convertible at any time on a share-for-share basis into shares of Series A common stock, but not vice versa.

The Company is authorized to grant stock option and RSU awards to employees and directors of the Company. Upon vesting of RSUs, shares of Series A common stock are issued. Upon the exercise of stock options, Series A common stock is issued if the holder of the stock options executes a simultaneous exercise and sale. If the holder of the stock option chooses not to sell the shares, Series B common stock is issued.

In 2012, the Company’s board of directors authorized the purchase of the A. H. Belo Series A or Series B common stock, for use other than retirement, through open market purchases, privately negotiated transactions or otherwise. Treasury stock acquired under the repurchase program is recorded at cost, reducing shareholders’ equity. The acquired shares are available for sale on the open market or for settlement of obligations related to future stock-based awards, if granted.

Accumulated other comprehensive loss consists of actuarial gains and losses associated with the A. H. Belo Pension Plans (the “Pension Plans”) and other post-employment benefit (the “OPEB”) plans. The cumulative balances are amortized to earnings over the weighted average remaining life expectancy of the participants to the extent such balances exceed 10 percent of the greater of the respective plan’s (a) projected benefit obligation or (b) the market-related value of the plan’s assets. The Company discloses amounts reclassified from accumulated other comprehensive loss to net income (loss) in Note 10 - Shareholders' Equity.

Revenue Recognition. The Company’s principal sources of revenue are sales of advertising within its newspaper and digital platforms, subscription and retail sales of its newspapers, commercial printing and distribution services, primarily related to national newspapers, and preprint advertising. In addition, revenue includes strategic marketing management, consulting, creative services, targeted and multi-channel (programmatic) advertising placed on third-party websites, social media management, search optimization, direct mail and the sale of promotional materials.

Revenue is recognized when obligations under the terms of a contract with our customer are satisfied. This occurs when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services, typically at contract price or determined by stand-alone selling price. The Company has an estimated allowance for credits, refunds and similar obligations. Sales tax collected concurrent with revenue-producing activities are excluded from revenue. See Note 4 – Revenue for disaggregated revenue by source.

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Leases. The Company determines if a contract is a lease at the inception of the arrangement. Operating lease right-of-use assets and liabilities are recognized at commencement date of lease agreements greater than one year based on the present value of lease payments over the lease term. In determining the present value of lease payments, the implicit rate was not readily determinable in the Company’s lease agreements. Therefore, the Company used an estimated secured incremental borrowing rate, based on the Company’s credit rating, adjusted for the weighted average term of each lease. Lease expense is recognized on a straight-line basis over the lease term and variable lease costs are expensed as incurred. For leases with terms of 12 months or less, no asset or liability is recorded and lease expense is recognized on a straight-line basis over the lease term. The exercise of lease renewal options are at the Company’s sole discretion and options are recognized when it is reasonably certain the Company will exercise the option. The recognized right-of-use assets and lease liabilities as calculated do not assume renewal options. The Company does not have lease agreements with residual value guarantees, sale leaseback terms or material restrictive covenants. Additionally, the Company does not separately identify lease and nonlease components, such as maintenance costs.

Income Taxes. The Company uses the asset and liability method of accounting for income taxes and recognizes deferred tax assets and liabilities based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates. The Company establishes a valuation allowance if it is more-likely-than-not that the deferred tax assets will not be realized. The factors used to assess the likelihood of realization of the deferred tax assets include future reversal of deferred tax liabilities, available tax planning strategies, future taxable income and taxable income in prior carryback years.

The Company evaluates any uncertain tax positions each reporting period by tax jurisdiction to determine if it is more-likely-than-not that the tax position will not be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements for such positions are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. If a net operating loss or other tax credit carry forward exists, the Company records the unrecognized tax benefits for such tax positions as a reduction to a deferred tax asset. Otherwise, the unrecognized tax benefits are recorded as a liability. The Company records a liability for uncertain tax positions taken or expected to be taken in a tax return. Any change in judgment related to the expected ultimate resolution of uncertain tax positions is recognized in earnings in the period in which such change occurs. Interest and penalties, if any, related to unrecognized tax benefits are recorded in other income, net.

Use of Estimates. Company management makes estimates and assumptions that affect the amounts and disclosures reported in its financial statements and include valuation allowances for doubtful accounts, uncertain tax positions and deferred tax assets, fair value measurements, pension plan assets, pension plan obligations, actuarial liabilities related to self-insured risks, and assumptions related to long-lived assets impairment review. Estimates are based on past experience and other considerations reasonable under the circumstances. Actual results may differ from these estimates.

Segments. In the third quarter of 2019, in conjunction with a strategic change to move to a single decision-making reporting structure and based on how the Company’s chief operating decision-maker makes decisions about allocating resources and assessing performance, the Company determined it has one reportable segment. See Note 2 – Segment Reporting.

Fair Value Measurements. The Company’s financial instruments, including cash, cash equivalents, accounts receivable, interest receivable, accounts payable and amounts due to customers are carried at cost, which approximates its fair value because of the short-term nature of these instruments.

Recently Adopted Accounting Pronouncements.

In August 2018, the FASB issued ASU 2018-14 – Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans. This update modifies the annual disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans by removing disclosures that are no longer considered cost beneficial, clarifying the specific requirements of disclosures and adding disclosure requirements identified as relevant. The guidance will be effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The Company adopted this standard retrospectively as of its fiscal year ending December 31, 2020, and it did not have a material impact on the Company’s consolidated financial statements and related disclosures.

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-15 – Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. This update clarifies the accounting for implementation costs incurred in a cloud computing arrangement, or hosting arrangement, that is a service contract. Costs for implementation activities incurred during the application development stage will be capitalized depending on the nature of the costs, while costs incurred during the preliminary project and post implementation stages will be expensed as the activities are performed. The capitalized implementation costs will be expensed over the term of the hosting arrangement. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company adopted ASU 2018-15 prospectively as of January 1, 2020, and it did not have a material impact on the Company’s consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12 – Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 removes specific exceptions to the general principles in Topic 740 in order to reduce the complexity of its application. ASU 2019-12 also improves consistency and simplifies existing guidance by clarifying and amending certain specific areas of Topic 740. The guidance will be effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted and is to be adopted prospectively, modified retrospectively or retrospectively depending on the associated exception. It was determined that only two of the items were applicable to the Company. These two items are the exception to the incremental approach for intra-period tax allocation and the exception in interim-period income tax accounting for year-to-date losses that exceed anticipated losses. Both of these items are to be adopted prospectively. The Company early adopted this standard prospectively in the third quarter of 2020, and it did not have a material impact on the Company’s consolidated financial statements and related disclosures.

New Accounting Pronouncements. The FASB issued the following accounting pronouncements and guidance, which may be applicable to the Company but have not yet become effective.

In June 2016, the FASB issued ASU 2016-13 – Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. Since June 2016, the FASB issued clarifying updates to the new standard including changing the effective date for smaller reporting companies. The guidance will be effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

Segment Reporting

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Reporting

Note 2: Segment Reporting

Based on the Company’s structure and organizational chart, the Company’s chief operating decision-maker (the “CODM”) is its Chief Executive Officer, Robert W. Decherd.

In the third quarter of 2019, in conjunction with a strategic change to move to a single decision-making reporting structure and based on how the Company’s CODM makes decisions about allocating resources and assessing performance, the Company determined it has one reportable segment. See Note 4 – Revenue for disaggregated revenue by source.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Acquisitions

12 Months Ended

Dec. 31, 2020

Acquisitions [Abstract]

Acquisitions

Note 3: Acquisitions

In April 2019, the Company completed the acquisition of certain assets of Cubic, Inc. for a cash purchase price of $2,356, net of $213 cash acquired. Transaction costs related to the purchase were a component of other production, distribution and operating costs in the Consolidated Statements of Operations and totaled $92, of which $0 and $86 were incurred in 2020 and 2019, respectively.

The new entity Cubic Creative, Inc. (“Cubic Creative”) is located in Tulsa, Oklahoma. This acquisition added creative strategy services, which complement service offerings currently available to A. H. Belo clients. The expected benefit from providing these additional services was attributed to goodwill, all of which is expected to be deductible for tax purposes.

The table below sets forth the finalized allocation of the purchase price.



		Estimated ‎Fair Value
Working capital, net of acquired cash	$	228
Property, plant and equipment		25
Other intangible assets - customer relationships		510
Goodwill		1,593
Total	$	2,356

Operating results of the business acquired have been included in the Consolidated Statements of Operations from the acquisition date forward. Operating results for the year ended December 31, 2019, included Cubic Creative operating revenue of $2,464 and pretax income of $1,885. Pro forma results of the Company, assuming the acquisition had occurred at the beginning of each period presented, would not be materially different from the results reported. The fair value of the assets acquired would be classified as Level III assets (unobservable inputs) in the fair value hierarchy. In the third quarter of 2019, in conjunction with the Company’s organizational changes, the Company conducted an impairment review of goodwill and long-lived assets. As a result, the Company’s goodwill was fully impaired in the third quarter of 2019. As of January 1, 2020, Cubic Creative’s operations were fully incorporated into The Dallas Morning News.

Revenue

12 Months Ended

Dec. 31, 2020

Revenue [Abstract]

Revenue

Note 4: Revenue

The table below sets forth revenue disaggregated by revenue source.



	Years Ended December 31,
	2020		2019
Advertising and Marketing Services
Print advertising	$	46,318	$	62,256
Digital advertising and marketing services		25,896		33,600
Total	$	72,214	$	95,856

Circulation
Print circulation	$	58,415	$	63,321
Digital circulation		6,520		4,939
Total	$	64,935	$	68,260

Printing, Distribution and Other	$	17,150	$	19,447

Total Revenue	$	154,299	$	183,563

Advertising and Marketing Services

Print advertising revenue represents sales of advertising space within the Company’s core and niche newspapers, as well as preprinted advertisements inserted into the Company’s core newspapers and niche publications or distributed to non-subscribers through the mail.

Digital advertising and marketing services revenue consists of strategic marketing management, consulting, creative services, targeted and multi-channel (programmatic) advertising placed on third-party websites, digital sales of banner, classified and native advertisements on the Company’s news and entertainment-related websites and mobile apps, social media management, search optimization, direct mail and the sale of promotional materials. The Company’s auto sales division offered targeted advertising to auto dealerships primarily in the North Texas region desiring to advertise their inventory on the cars.com platform through September 30, 2019.

Advertising and marketing services revenue is primarily recognized at a point in time when the ad or service is complete and delivered, based on the customers’ contract price. Barter advertising transactions are recognized at estimated fair value based on the negotiated contract price and the range of prices for similar advertising from customers unrelated to the barter transaction. The Company expenses barter costs as incurred, which is independent from the timing of revenue recognition. In addition, certain digital advertising revenue related to website access is recognized over time, based on the customers’ monthly rate. The Company typically extends credit to advertising and marketing services customers, although for certain advertising campaigns the customer may pay in advance.

For ads placed on certain third-party websites, the Company must evaluate whether it is acting as the principal, where revenue is reported on a gross basis, or acting as the agent, where revenue is reported on a net basis. Generally, the Company reports advertising revenue for ads placed on third-party websites on a net basis, meaning the amount recorded to revenue is the amount billed to the customer net of amounts paid to the publisher of the third-party website. The Company is acting as the agent because the publisher controls the advertising inventory.

Circulation

Print circulation revenue is generated primarily by selling home delivery subscriptions, including premium publications, and from single copy sales to non-subscribers. Home delivery revenue is recognized over the subscription period based on the days of actual delivery over the total subscription days and single copy revenue is recognized at a point in time when the paper is purchased. Revenue is directly reduced for any non-payment for the grace period of home delivery subscriptions where the Company recorded revenue for newspapers delivered after a subscription expired.

Digital circulation revenue is generated by digital-only subscriptions and is recognized over the subscription period based on daily or monthly access to the content in the subscription period.

Payment of circulation fees is typically received in advance and deferred over the subscription period.

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Printing, Distribution and Other

Printing, distribution and other revenue is primarily generated from printing and distribution of other newspapers, as well as production of preprinted advertisements for other newspapers. Printing, distribution and other revenue is recognized at a point in time when the product or service is delivered. The Company typically extends credit to printing and distribution customers.

Deferred Revenue

Deferred revenue is recorded when cash payments are received in advance of the Company’s performance, including amounts which are refundable. The Company’s primary sources of deferred revenue are from circulation subscriptions and advertising paid in advance of the service provided. These up-front payments are recorded upon receipt as contract liabilities in the Consolidated Balance Sheets and the revenue is recognized when the Company’s obligations under the terms of the contract are satisfied. In the year ended December 31, 2020, the Company recognized $10,567 of revenue that was included in the contract liabilities balance as of December 31, 2019. The Company typically recognizes deferred revenue within 1 to 12 months.

Practical Expedients and Exemptions

The Company generally expenses sales commissions and circulation acquisition costs when incurred because the amortization period would have been one year or less. These costs are recorded within employee compensation and benefits expense and other production, distribution and operating costs expense, respectively.

The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less and contracts for which revenue is recognized at the amount invoiced for services performed.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

Note 5: Leases

The Company has various operating leases primarily for office space and other distribution centers, some of which include escalating lease payments and options to extend or terminate the lease. The Company’s leases have remaining terms of less than 1 year to 13 years.

The Company subleases office space to the Denton Publishing Company and, beginning in the fourth quarter of 2020, office space in Dallas, Texas both with a remaining lease term of approximately three years. As a result of the Company subleasing office space in Dallas, Texas at a lower rate than the head lease, an asset impairment of $461 was recorded in the fourth quarter. Additionally, the Company has various subleases with distributors, for distribution center space, with varying remaining lease terms of less than one year to two years and are cancellable with notice by either party. Sublease income is included in printing, distribution and other revenue in the Consolidated Statements of Operations. As of December 31, 2020, sublease income is expected to approximate $720 in 2021, $520 in 2022, and $320 in 2023.

As of December 31, 2020, the Company did not have any significant operating leases that have not yet commenced.

The table below sets forth supplemental Consolidated Balance Sheet information for the Company’s leases.



	Classification		December 31, 2020		December 31, 2019
Assets
Operating	Operating lease right-of-use assets	$	20,406	$	21,371

Liabilities
Operating
Current	Other accrued expense	$	2,306	$	1,579
Noncurrent	Long-term operating lease liabilities		21,890		23,120
Total lease liabilities		$	24,196	$	24,699

Lease Term and Discount Rate
Operating leases
Weighted average remaining lease term (years)			10.6		11.7
Weighted average discount rate (%)			7.4		7.5

‎

The table below sets forth components of lease cost and supplemental cash flow information for the Company’s leases.



	Years Ended December 31,
	2020		2019
Lease Cost
Operating lease cost	$	4,267	$	4,264
Short-term lease cost		14		135
Variable lease cost		573		576
Sublease income		(768)		(734)
Total lease cost	$	4,086	$	4,241

Supplemental Cash Flow Information
Cash paid for operating leases included in operating activities	$	4,143	$	4,115
Right-of-use assets obtained in exchange for operating lease liabilities		1,795		23,886

The table below sets forth the remaining maturities of the Company’s lease liabilities as of December 31, 2020.



Years Ending December 31,	Operating Leases
2021	$	3,982
2022		4,232
2023		3,325
2024		2,467
2025		2,430
Thereafter		19,691
Total lease payments		36,127
Less: imputed interest		11,931
Total lease liabilities	$	24,196

Intangible Assets

12 Months Ended

Dec. 31, 2020

Intangible Assets [Abstract]

Intangible Assets

Note 6: Intangible Assets

The table below sets forth intangible assets as of December 31, 2020 and 2019.



	December 31,		December 31,
	2020		2019
Intangible Assets
Cost	$	2,030	$	2,030
Accumulated Amortization		(1,966)		(1,711)
Net Carrying Value	$	64	$	319

The intangible assets include $1,520 of developed technology with an estimated useful life of five years, fully amortized in 2019, and $510 of customer relationships with estimated useful lives of two years and net carrying value of $64 that will be fully amortized in 2021. Aggregate amortization expense was $255 and $495 for 2020 and 2019, respectively.

Related Party Transactions

12 Months Ended

Dec. 31, 2020

Related Party Transactions

Note 7: Related Party Transactions

In 2017, the Company extended a term note to eSite Analytics, Inc. (“eSite”) of $750. The note had a term of three years, matured February 8, 2020, and incurred interest at a rate of 5.5 percent. The note provided for quarterly interest and principal payments of approximately $60. In March 2019, the Company extended a line of credit of $200 to eSite. In November 2019, the $200 line of credit was rolled into the term note and the note was extended until September 30, 2022. As of December 31, 2019, the note receivable was $573. On February 13, 2020, eSite paid off their loan, including interest. On September 24, 2020, the Company’s shares of eSite were repurchased by eSite for $750, recognized in other income, net in the Consolidated Statement of Operations. The Company no longer has any investment in or influence over the business.

‎

Income Taxes

12 Months Ended

Dec. 31, 2020

Income Taxes [Abstract]

Income Taxes

Note 8: Income Taxes

The table below sets forth the Company’s income tax provision (benefit).



	Years Ended December 31,
	2020		2019
Current
Federal	$	(2,281)	$	—
State		620		894
Total current		(1,661)		894
Deferred
Federal		(287)		3,029
State		119		(124)
Total deferred		(168)		2,905
Valuation Allowance		142		617
Income Tax Provision (Benefit)	$	(1,687)	$	4,416

The table below reconciles the income tax provision (benefit) computed by applying the applicable United States federal income tax rate to the income tax provision computed at the effective income tax rate.



	Years Ended December 31,
	2020		2019
Computed expected income tax provision (benefit)	$	(1,794)	$	2,879
State income tax (net of federal benefit)		560		583
Valuation allowance		142		617
Nondeductible expenses		85		392
Uncertain tax position reserve		65		(15)
Carryback receivable		(911)		—
Deferred adjustment		147		(19)
Other		19		(21)
Income tax provision (benefit)	$	(1,687)	$	4,416
Effective income tax rate		19.7%		32.2%

A tax benefit of $(1,687) was recorded in 2020. The benefit was primarily due to the recognition of the 2018 net operating loss carryback permitted by the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), partially offset by the effect of the Texas margin tax.

A tax provision of $4,416 was recorded in 2019. The provision was primarily due to annual income before income taxes, primarily a result of income generated from the sale of the Company’s former headquarters (see Note 14 – Disposal of Assets), the Texas margin tax and an increase in the valuation allowance due to a change in judgement as to the realization of the Company’s deferred tax assets.

The Company made income tax payments, net (refunds), of $(1,675) and $901 in 2020 and 2019, respectively.

In response to COVID-19, the CARES Act was signed into law on March 27, 2020. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary changes to the prior and future limitations on interest deductions, temporary suspension of certain payment requirements for the employer portion of Social Security taxes, technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property, and the creation of certain refundable employee retention credits. The Company has benefited from the temporary five year net operating loss carryback provision and the technical correction for qualified leasehold improvements, which changes 39-year property to 15-year property, eligible for 100 percent tax bonus depreciation. Applying the technical correction to 2018 has resulted in reporting additional tax depreciation of $1,017 and increased the 2018 net operating loss to approximately $6,829. The loss was carried back against 2014 taxes paid at the federal statutory rate of 35 percent that was previously in effect, resulting in a cash refund of $2,425, including interest, received on October 2, 2020. The Company also applied the technical correction for qualified leasehold improvements to the 2019 and 2020 tax year, the results of which were reflected in the deferred tax assets and liabilities as of December 31, 2020.

‎

The Consolidated Appropriations Act, 2021 (the “Act”), which includes The COVID-related Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020, was passed and signed into law the last week of 2020. Among others, the provisions in the Act included items such as guidance on expenses associated with forgiven Paycheck Protection Program loans, business meals deductions, individual tax rebates and unemployment benefits. The Company did not avail itself of any of the items contained in the new Act.

The table below sets forth the significant components of the Company’s deferred tax assets and liabilities.



	December 31,
	2020		2019
Gross Deferred Tax Assets:
Defined benefit plans	$	3,889	$	4,838
Investments		60		142
Tax depreciation less than book depreciation		434		1,378
Expenses deductible for tax purposes in a year different from the year accrued		831		838
Lease liability		5,081		5,187
Deferred compensation and benefits		68		—
Book amortization in excess of tax amortization		1,032		1,037
State taxes		76		146
Net operating loss carryforward		5,842		3,662
Other		462		644
Total deferred tax assets		17,775		17,872
Valuation allowance		(12,953)		(12,783)
Total deferred tax assets, net of valuation allowance		4,822		5,089
Gross Deferred Tax Liabilities:
Deferred compensation and benefits		—		(54)
Right-of-use asset		(4,285)		(4,488)
Other		(461)		(497)
Total deferred tax liabilities		(4,746)		(5,039)

Net Deferred Tax Assets	$	76	$	50

The presentation of net deferred tax assets and liabilities for each jurisdiction are presented as noncurrent within the Company’s Consolidated Balance Sheets. Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases and are stated at enacted tax rates expected to be in effect when the taxes are actually paid or recovered. The Company recognizes a valuation allowance for deferred tax assets when it is more-likely-than-not that these assets will not be realized. In making this determination, all positive and negative evidence is considered, including future reversals of existing taxable temporary differences, tax planning strategies, future taxable income and taxable income in prior carryback years. In 2020, the valuation allowance increased $170, of which $28 is deferred tax assets related to amounts recorded in accumulated other comprehensive loss that are fully reserved by a valuation allowance. At December 31, 2020, the Company had a federal net operating loss carryforward of $27,764, of which $17,528 expires in 2037 and $10,236 does not have an expiration. The annual utilization of the portion of the federal net operating loss, which does not have an expiration, is limited to 80 percent of taxable income in tax years beginning after January 1, 2021. The Company has a state net operating loss of $380, which will begin to expire in 2039. In 2019, as a result of goodwill being fully impaired, the resulting adjustment to the deferred tax asset of $318 was fully offset by an adjustment to the valuation allowance, recorded as a charge to the income tax provision.

Uncertain tax positions are evaluated and a liability is recognized for the tax benefit associated with uncertain positions only if it is more-likely-than-not that the positions will not be sustained upon examination by taxing authorities, based on the technical merits of the positions. The Company assesses its filing positions in all significant jurisdictions where it is required to file income tax returns for all open tax years. The Company’s federal income tax return for December 31, 2014 and for tax years subsequent to December 31, 2016 remain subject to examination, and income tax returns in major state income tax jurisdictions where the Company operated remain subject to examination. The statute of limitations associated with the December 31, 2014 federal return was extended in 2020 due to the net operating loss carryback pursuant to the CARES Act. The Company has recorded a reserve for the tax benefit related to uncertain tax positions existing as of December 31, 2020, included in other liabilities in the Consolidated Balance Sheets.

‎

The table below sets forth a reconciliation of the beginning and ending amount of unrecognized tax benefit.



	2020		2019
Balance at January 1	$	2,577	$	2,592
Increase related to prior year tax positions		65		—
Decrease related to statute of limitations expiring		(1)		(15)
Balance at December 31	$	2,641	$	2,577

The Company recorded interest expense of $179 and $253 for 2020 and 2019, respectively, and penalty expense of $15 for 2020, included in other income, net in the Consolidated Statements of Operations. Accrued interest and penalty at December 31, 2020 and 2019 was $477 and $282, respectively, included in other liabilities in the Consolidated Balance Sheets. The Company expects it is reasonably possible to recognize a tax benefit of approximately $2,575 within the next 12 months from the release of a federal uncertain tax reserve due to the statute lapsing in October 2021.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Pension and Other Retirement Plans

12 Months Ended

Dec. 31, 2020

Pension and Other Retirement Plans [Abstract]

Pension and Other Retirement Plans

Note 9: Pension and Other Retirement Plans

Defined Benefit Plans. The Company sponsors the A. H. Belo Pension Plans (the “Pension Plans”), which provide benefits to approximately 1,400 current and former employees of the Company. A. H. Belo Pension Plan I provides benefits to certain current and former employees primarily employed with The Dallas Morning News or the A. H. Belo corporate offices. A. H. Belo Pension Plan II provides benefits to certain former employees of The Providence Journal Company. This obligation was retained by the Company upon the sale of the newspaper operations of The Providence Journal. No additional benefits are accruing under the A. H. Belo Pension Plans, as future benefits were frozen.

The Company is the sole sponsor of the Pension Plans and is required to meet certain pension funding requirements as established under the Employment Retirement Income Security Act (“ERISA”). Instability in global and domestic capital markets may result in low returns on the assets contributed to the Pension Plans. Additionally, low yields on corporate bonds may decrease the discount rate, resulting in a higher funding obligation. Although legislation was enacted into law in 2012, which provided limited funding relief, market conditions could materially increase the funding requirements associated with the Pension Plans, with an adverse effect on the Company’s liquidity and financial condition. The Company was not required to make contributions to the A. H. Belo Pension Plans in 2020 and 2019 under ERISA. The Company will continue to evaluate the feasibility of de-risking strategies based on the economic benefits to the Company.

Actuarial gains (losses) of $(1,008) and $5,282 were recorded to other comprehensive income (loss) in 2020 and 2019, respectively, related to the Pension Plans; see Note 10 - Shareholders' Equity for information on amounts recorded to accumulated other comprehensive loss.

The table below sets forth summarized financial information about the A. H. Belo Pension Plans.



	2020		2019
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year	$	219,444	$	203,424
Interest cost		6,236		7,896
Actuarial loss		20,261		20,202
Benefit payments		(12,301)		(12,078)
Projected benefit obligation at end of year		233,640		219,444
Change in Plan Assets
Fair value of plan assets at beginning of year		196,405		171,535
Return on plan assets		31,016		36,948
Benefit payments		(12,301)		(12,078)
Fair value of plan assets at end of year		215,120		196,405
Funded Status	$	(18,520)	$	(23,039)
Amounts Recorded on the Balance Sheet
Noncurrent liability - accrued benefit cost	$	18,520	$	23,039
Accumulated Benefit Obligation	$	233,640	$	219,444

‎

Net Periodic Pension Benefit

The projected benefit obligations of the A. H. Belo Pension Plans are estimated using the FTSE Pension Discount Curve, which is based upon a portfolio of high-quality corporate debt securities with maturities that correlate to the expected timing of estimated benefit payments to the Pension Plans’ participants. Future estimated benefit payments are discounted to their present value at the appropriate yield curve spot rate to determine the projected benefit obligation outstanding at each year end. The single equivalent discount rate as of December 31, 2020, was 2.1 percent and 2.9 percent for December 31, 2019. The significant losses related to changes in the projected benefit obligation for 2020 and 2019 were primarily due to the movement in the discount rate.

Interest expense included in net periodic pension benefit is based on the FTSE Pension Discount Curve established at the beginning of the fiscal year. The discount rate for fiscal year 2020 and 2019 interest cost was 2.9 percent and 4.0 percent, respectively.

The Company assumed a 6.5 percent long-term return on the Pension Plans’ assets in 2020 and 2019. This return is based upon historical returns of similar investment pools having asset allocations consistent with the expected allocations of the A. H. Belo Pension Plans. Investment strategies for the Pension Plans’ assets are based upon factors such as the effective duration of the actuarial liabilities and market risks.

The Company’s estimates of net periodic pension expense or benefit are based on the expected return on plan assets, interest on the projected benefit obligations and the amortization of actuarial gains and losses that are deferred in accumulated other comprehensive loss. Participation in and accrual of new benefits to participants has been frozen since 2007 and, accordingly, on-going service costs are not a component of net periodic pension expense (benefit).

The table below sets forth components of net periodic pension benefit, which are included in other income, net in the Consolidated Statements of Operations.



	Years Ended December 31,
	2020		2019
Interest cost	$	6,236	$	7,896
Expected return on plans' assets		(11,762)		(11,464)
Amortization of actuarial loss		880		278
Net periodic pension benefit	$	(4,646)	$	(3,290)

Plan Assets

The Company is responsible for directing the investment strategies of the A. H. Belo Pension Plans’ assets. The investment strategies focus on asset class diversification, liquidity to meet benefit payments and an appropriate balance of long-term investment return and risks. The long-term targeted allocation of the Pension Plans’ assets invested in equity securities and fixed income securities is approximately 45.0 percent and 55.0 percent, respectively. These targets are determined based on the effective duration of the actuarial liabilities, the expected long-term rate of return on assets, and expected market risks. Investment risk is continuously monitored and Pension Plans’ assets are rebalanced to target allocations to meet the Company’s strategy and the Pension Plans’ liquidity needs. At December 31, 2020, the Pension Plans’ investments in equity securities and fixed income securities accounted for 43.9 percent and 56.1 percent of the total noncash holdings, respectively.

‎

The table below sets forth the A. H. Belo Pension Plans’ assets at fair value as of December 31, 2020 and 2019, with inputs used to develop fair value measurements.



	Fair Value Measurements Using
	Total				Quoted Price in ‎Active Markets ‎for Identical Assets ‎(Level I)				Significant Other ‎Observable Inputs ‎(Level II)				Significant ‎Unobservable ‎Inputs ‎(Level III)
Description	2020		2019		2020		2019		2020		2019		2020		2019
Cash and Money Market Funds	$	1,690	$	1,743	$	1,690	$	1,743	$	—	$	—	$	—	$	—
Equity Funds
U.S. equity securities		60,744		54,258		—		—		60,744		54,258		—		—
International equity securities		32,888		29,519		—		—		32,888		29,519		—		—
Fixed Income Funds
Domestic corporate and government debt securities		53,323		60,743		—		—		53,323		60,743		—		—
Domestic corporate debt securities		65,271		46,115		—		—		65,271		46,115		—		—
International corporate and government debt securities		1,204		4,027		—		—		1,204		4,027		—		—
Total	$	215,120	$	196,405	$	1,690	$	1,743	$	213,430	$	194,662	$	—	$	—

Inputs and valuation techniques used to measure the fair value of Pension Plans’ assets vary according to the type of asset being valued. Cash and money market funds are designated as Level I. Remaining investments are in commingled funds and fair values are determined by the fund manager primarily based upon closing market quotes of the assets. Equity securities held through units in these funds are monitored as to issuer and industry. As of December 31, 2020, there were no significant concentrations of equity or debt securities in any single issuer or industry.

Other

The table below sets forth the Company’s expected future benefit payments as of December 31, 2020.



Payment year	Expected ‎Benefit ‎Payments
2021	$	13,562
2022		13,644
2023		13,489
2024		13,456
2025		13,390
2026 - 2030		64,253

The Company currently does not expect to make contributions to the A. H. Belo Pension Plans in 2021 and no contributions are required to these plans in 2021 under ERISA.

Other defined benefit plans. A. H. Belo also sponsors other post-employment benefit (the “OPEB”) plans, which provide health and life insurance benefits for certain retired employees. These plans were frozen subsequent to the separation from the Company’s former parent company; therefore, no future benefits accrue and on-going service costs are not a component of net periodic benefit cost. The Company recorded a liability of $1,372 and $1,347 related to the OPEB plans as of December 31, 2020 and 2019, respectively. A net periodic benefit cost of $19 and $9 in 2020 and 2019, respectively, was recorded to other income, net. The net periodic benefit cost primarily represents amortization of actuarial gains (losses) and prior service costs, offset by interest expense associated with the actuarial liability. Actuarial losses of $(42) and $(182) were recorded to other comprehensive income (loss) in 2020 and 2019, respectively; see Note 10 - Shareholders' Equity.

Defined Contribution Plans. The A. H. Belo Savings Plan (the “Savings Plan”), a defined contribution 401(k) plan, covers substantially all employees of A. H. Belo. Participants may elect to contribute a portion of their pretax compensation as provided by the Savings Plan and the Internal Revenue Code. Employees can contribute up to 100 percent of their annual eligible compensation less required withholdings and deductions up to statutory limits. The Company provides an ongoing dollar-for-dollar match of eligible

employee contributions, up to 1.5 percent of the employees’ compensation. The Company recorded expense of $741 and $702 in 2020 and 2019 respectively, for matching contributions to the Savings Plan.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (d)(iii)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Shareholders' Equity

12 Months Ended

Dec. 31, 2020

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 10: Shareholders’ Equity

Dividends. Quarterly dividends returned $5,139 and $6,876 to shareholders in 2020 and 2019, respectively. On December 3, 2020, the Company’s board of directors declared a $0.04 per share dividend to shareholders of record as of the close of business on February 12, 2021, paid on March 5, 2021.

Treasury Stock. In 2019, the Company repurchased shares of its common stock pursuant to a publicly announced share repurchase program authorized by the Company’s board of directors. The agreement to repurchase the Company’s stock expired in the fourth quarter of 2019 and was not renewed. During the fourth quarter of 2019, the Company purchased 33,032 shares of its Series A common stock through open market transactions for $123. In 2019, the Company purchased 216,490 shares of its Series A common stock through open market transactions for $842.

Outstanding Shares. The Company had Series A and Series B common stock outstanding of 18,941,340 and 2,469,083, respectively, net of treasury shares at December 31, 2020. At December 31, 2019, the Company had Series A and Series B common stock outstanding of 18,941,115 and 2,469,308, respectively, net of treasury shares.

Accumulated Other Comprehensive Loss. Accumulated other comprehensive loss consists of actuarial gains and losses attributable to the A. H. Belo Pension Plans, gains and losses resulting from Pension Plans’ amendments and other actuarial experience attributable to OPEB plans. The Company records amortization of the components of accumulated other comprehensive loss in other income, net in its Consolidated Statements of Operations. Gains and losses are amortized over the weighted average remaining life expectancy of the OPEB plans and Pension Plans’ participants.

The table below sets forth the changes in accumulated other comprehensive loss, net of tax, as presented in the Company’s consolidated financial statements.



	Years Ended December 31,
	2020						2019
	Total		Defined ‎benefit pension ‎plans		Other post- employment benefit plans		Total		Defined ‎benefit pension ‎plans		Other post- employment benefit plans
Balance, beginning of period	$	(32,294)	$	(32,443)	$	149	$	(37,641)	$	(38,003)	$	362
Amortization		876		880		(4)		247		278		(31)
Actuarial gains (losses)		(1,050)		(1,008)		(42)		5,100		5,282		(182)
Balance, end of period	$	(32,468)	$	(32,571)	$	103	$	(32,294)	$	(32,443)	$	149

Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Note 11: Earnings Per Share

The table below sets forth the net income (loss) available to common shareholders and weighted average shares used for calculating basic and diluted earnings per share (“EPS”). The Company’s Series A and Series B common stock equally share in the distributed and undistributed earnings.



	Years Ended December 31,
	2020		2019
Earnings (Numerator)
Net income (loss) available to common shareholders	$	(6,872)	$	9,292

Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)		21,410,423		21,546,257

Income (Loss) Per Share
Basic and diluted	$	(0.32)	$	0.43

There were no options or RSUs outstanding as of December 31, 2020 and 2019, that would result in dilution of shares or the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 12: Commitments and Contingencies

As of December 31, 2020, the Company had contractual obligations, in aggregate, of $16,436 for the next five years and $19,691 thereafter, for operating leases, primarily for office space and other distribution centers, some of which include escalating lease payments. See Note 5 – Leases for future lease payments by year. In addition, the Company had expected purchase obligations of $117 related to capital expenditures.

In December 2017, AHC Dallas Properties, LLC, a wholly-owned subsidiary of the Company, assumed a 12-year lease agreement for office space that serves as the headquarters of the Denton Record-Chronicle. In connection with the sale of Denton Publishing Company, owner of the Denton Record-Chronicle, to Denton Media Company, Inc., the Company entered into a sublease with Denton Publishing Company for a term ending on July 30, 2023.

In December 2016, the Dallas Morning News, Inc., a wholly-owned subsidiary of the Company, entered into a 16-year lease agreement for office space for the Company’s new corporate headquarters. The Company recognizes rent expense on a straight-line basis. Per the amended lease agreement, rent payments began in November 2018.

Total lease expense for property and equipment was $4,854 and $4,975 in 2020 and 2019, respectively.

The Company funds the A. H. Belo Pension Plans to meet or exceed statutory requirements. The Company currently does not expect to make contributions to the A. H. Belo Pension Plans in 2021 and no contributions are required to these plans in 2021 under the applicable tax and labor laws governing pension plan funding; see Note 9 - Pension and Other Retirement Plans.

From time to time, the Company is involved in a variety of claims, lawsuits and other disputes arising in the ordinary course of business. Management routinely assesses the likelihood of adverse judgments or outcomes in these matters, as well as the ranges of probable losses to the extent losses are reasonably estimable. Accruals for contingencies are recorded when, in the judgment of management, adverse judgments or outcomes are probable and the financial impact, should an adverse outcome occur, is reasonably estimable. The determination of likely outcomes of litigation matters relates to factors that include, but are not limited to, past experience and other evidence, interpretation of relevant laws or regulations and the specifics and status of each matter. Predicting the outcome of claims and litigation and estimating related costs and financial exposure involves substantial uncertainties that could cause actual results to vary materially from estimates and accruals. In the opinion of management, liabilities, if any, arising from other currently existing claims against the Company would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.

Supplemental Cash Flow Data

12 Months Ended

Dec. 31, 2020

Supplemental Cash Flow Data [Abstract]

Supplemental Cash Flow Data

Note 13: Supplemental Cash Flow Data

The table below sets forth supplemental disclosures related to the Company’s Consolidated Statements of Cash Flows.



	Years Ended December 31,
	2020		2019
Income tax paid, net (refund)	$	(1,675)	$	901
Noncash investing and financing activities:
Investments in property, plant and equipment payable	$	117	$	237
Dividends payable		856		1,713
Notes receivable for asset sales		375		22,400

Disposal of Assets

12 Months Ended

Dec. 31, 2020

Disposal of Assets [Abstract]

Disposal of Assets

Note 14: Disposal of Assets

In the third quarter of 2019, the Company recorded a loss of $1,362 on the disposal of newspaper production assets and publishing software that was replaced by a new digital content platform. The loss is included in the (gain) loss on sale/disposal of assets, net in the Consolidated Statement of Operations. The newspaper production assets were disposed as a result of the Company’s strategic decision, in the first quarter of 2019, to eliminate its brokered printing business and reduce the number of local and national commercial print customers it serves from more than 30 to 5.

In May 2019, the Company finalized a Purchase and Sale Agreement with Charter DMN Holdings, LP (the “Purchaser”) for the sale of the real estate assets in downtown Dallas, Texas, previously used as the Company’s headquarters for a sale price of $28,000. The sale price consisted of $4,597 cash received, after selling costs of approximately $1,000, and a two year seller-financed promissory note (the “Promissory Note”) of $22,400, included in current notes receivable as of December 31, 2020. The sale provided the Company an additional $1,000 contingency payment if certain conditions were met. The contingency expired as of June 30, 2020, with no payment made by the Purchaser related to the contingency. In 2019, the Company recorded a pretax gain of $25,908, included in (gain) loss on sale/disposal of assets, net in the Consolidated Statement of Operations. Due to the offset by existing net operating loss carryforwards, the Company did not record any current tax expense related to the sale transaction.

The Promissory Note is secured by a first lien deed of trust covering the property and bears interest payable in quarterly installments that began on July 1, 2019, continuing through its maturity on June 30, 2021, and includes a pre-payment feature. Interest will be accrued at 3.5 percent during the first year and at 4.5 percent during the second year. In 2020 and 2019, the Company received $897 and $395, respectively, of interest income included in other income, net in the Consolidated Statements of Operations.

As a direct result of COVID-19 uncertainties, on April 3, 2020, the Company and the Purchaser entered into an amendment to the Promissory Note deferring the Purchaser’s interest payment of $195 that was due April 1, 2020, and adding it to a second promissory note (the “Second Promissory Note”). In addition, the Second Promissory Note includes a 2019 real property tax reconciliation payment due from the Purchaser under the Purchase and Sale Agreement in the amount of $180. The Second Promissory Note, in the principal amount of $375, included in current notes receivable in the Consolidated Balance Sheet, is secured by a second lien deed of trust covering the property and due June 30, 2021. The Company evaluated the collectability of the notes as a result of the purchaser’s request to defer the first quarter 2020 interest payment and the continuation of the pandemic. Management believes as of December 31, 2020, the promissory notes are recoverable since the purchaser is in compliance with the terms, is publicly indicating its intent to develop the property, and management believes that the value of the collateral has not materially changed from the sale date. In addition, on January 4, 2021, the Purchaser paid the fourth quarter 2020 interest payment of $253.

The timing in general of commercial development may have been impacted by the pandemic, and thus capital constraints in commercial real estate markets may exist. Management continues to closely monitor the collectability of the notes and the value of the underlying collateral. Continued economic and other effects of the pandemic could impact the timing of payment or realization of the notes.

Subsequent Events

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

Note 15: Subsequent Events

The Company evaluates subsequent events at the date of the consolidated balance sheet as well as conditions that arise after the balance sheet date but before the consolidated financial statements are issued. To the extent any events and conditions exist, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions.

On March 4, 2021, the Company’s board of directors declared a $0.04 per share dividend to shareholders of record as of the close of business on May 14, 2021, which is payable on June 4, 2021.

Significant Accounting Policies and Recently Issued Accounting Standards (Policy)

12 Months Ended

Dec. 31, 2020

Significant Accounting Policies and Recently Issued Accounting Standards [Abstract]

Description of Business, Policy

COVID-19 Pandemic, Policy

Basis of Presentation, Policy

Cash and Cash Equivalents, Policy

Accounts Receivable, Policy

Risk Concentration, Policy

Notes Receivable, Policy

Inventories, Policy

Property, Plant and Equipment, Policy

The table below sets forth property, plant and equipment by type.



	December 31,				Estimated
	2020		2019		Useful Lives
Land	$	1,971	$	2,191
Buildings and improvements		85,468		85,316	5 - 30 years
Publishing equipment		173,078		174,019	3 - 20 years
Other		51,876		80,678	3 - 10 years
Construction in process		139		1,689
Total		312,532		343,893
Less accumulated depreciation		(300,573)		(325,440)
Property, plant and equipment, net	$	11,959	$	18,453

Long-Lived Assets, Policy

‎

Pension, Policy

Long-Term Incentive Plan, Policy

As of December 31, 2020 and 2019, there were no stock-based awards outstanding

Shareholders' Equity, Policy

Revenue Recognition, Policy

Leases, Policy

Income Taxes, Policy

Use of Estimates, Policy

Segments, Policy

Fair Value Measurements, Policy

Recently Adopted Accounting Pronouncements, Policy

Recently Adopted Accounting Pronouncements.

New Accounting Pronouncements, Policy

New Accounting Pronouncements. The FASB issued the following accounting pronouncements and guidance, which may be applicable to the Company but have not yet become effective.In June 2016, the FASB issued ASU 2016-13 – Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. Since June 2016, the FASB issued clarifying updates to the new standard including changing the effective date for smaller reporting companies. The guidance will be effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

Significant Accounting Policies and Recently Issued Accounting Standards (Tables)

12 Months Ended

Dec. 31, 2020

Significant Accounting Policies and Recently Issued Accounting Standards [Abstract]

Property, Plant and Equipment by Type



	December 31,				Estimated
	2020		2019		Useful Lives
Land	$	1,971	$	2,191
Buildings and improvements		85,468		85,316	5 - 30 years
Publishing equipment		173,078		174,019	3 - 20 years
Other		51,876		80,678	3 - 10 years
Construction in process		139		1,689
Total		312,532		343,893
Less accumulated depreciation		(300,573)		(325,440)
Property, plant and equipment, net	$	11,959	$	18,453

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Acquisitions [Abstract]

Finalized Allocation Of Purchase Price



		Estimated ‎Fair Value
Working capital, net of acquired cash	$	228
Property, plant and equipment		25
Other intangible assets - customer relationships		510
Goodwill		1,593
Total	$	2,356

Revenue (Tables)

12 Months Ended

Dec. 31, 2020

Revenue [Abstract]

Disaggregated By Revenue Source



	Years Ended December 31,
	2020		2019
Advertising and Marketing Services
Print advertising	$	46,318	$	62,256
Digital advertising and marketing services		25,896		33,600
Total	$	72,214	$	95,856

Circulation
Print circulation	$	58,415	$	63,321
Digital circulation		6,520		4,939
Total	$	64,935	$	68,260

Printing, Distribution and Other	$	17,150	$	19,447

Total Revenue	$	154,299	$	183,563

Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Supplemental Consolidated Balance Sheet Information for Leases



	Classification		December 31, 2020		December 31, 2019
Assets
Operating	Operating lease right-of-use assets	$	20,406	$	21,371

Liabilities
Operating
Current	Other accrued expense	$	2,306	$	1,579
Noncurrent	Long-term operating lease liabilities		21,890		23,120
Total lease liabilities		$	24,196	$	24,699

Lease Term and Discount Rate
Operating leases
Weighted average remaining lease term (years)			10.6		11.7
Weighted average discount rate (%)			7.4		7.5

Schedule of Components of Lease Cost and Supplemental Cash Flow Information for Leases



	Years Ended December 31,
	2020		2019
Lease Cost
Operating lease cost	$	4,267	$	4,264
Short-term lease cost		14		135
Variable lease cost		573		576
Sublease income		(768)		(734)
Total lease cost	$	4,086	$	4,241

Supplemental Cash Flow Information
Cash paid for operating leases included in operating activities	$	4,143	$	4,115
Right-of-use assets obtained in exchange for operating lease liabilities		1,795		23,886

Schedule of Remaining Maturities of Lease Liabilities



Years Ending December 31,	Operating Leases
2021	$	3,982
2022		4,232
2023		3,325
2024		2,467
2025		2,430
Thereafter		19,691
Total lease payments		36,127
Less: imputed interest		11,931
Total lease liabilities	$	24,196

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Intangible Assets [Abstract]

Schedule of Identifiable Intangible Assets



	December 31,		December 31,
	2020		2019
Intangible Assets
Cost	$	2,030	$	2,030
Accumulated Amortization		(1,966)		(1,711)
Net Carrying Value	$	64	$	319

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes [Abstract]

Schedule of Components of Income Tax Provision (Benefit)



	Years Ended December 31,
	2020		2019
Current
Federal	$	(2,281)	$	—
State		620		894
Total current		(1,661)		894
Deferred
Federal		(287)		3,029
State		119		(124)
Total deferred		(168)		2,905
Valuation Allowance		142		617
Income Tax Provision (Benefit)	$	(1,687)	$	4,416

Schedule of Effective Income Tax Rate Reconciliation



	Years Ended December 31,
	2020		2019
Computed expected income tax provision (benefit)	$	(1,794)	$	2,879
State income tax (net of federal benefit)		560		583
Valuation allowance		142		617
Nondeductible expenses		85		392
Uncertain tax position reserve		65		(15)
Carryback receivable		(911)		—
Deferred adjustment		147		(19)
Other		19		(21)
Income tax provision (benefit)	$	(1,687)	$	4,416
Effective income tax rate		19.7%		32.2%

Schedule of Deferred Tax Assets and Liabilities



	December 31,
	2020		2019
Gross Deferred Tax Assets:
Defined benefit plans	$	3,889	$	4,838
Investments		60		142
Tax depreciation less than book depreciation		434		1,378
Expenses deductible for tax purposes in a year different from the year accrued		831		838
Lease liability		5,081		5,187
Deferred compensation and benefits		68		—
Book amortization in excess of tax amortization		1,032		1,037
State taxes		76		146
Net operating loss carryforward		5,842		3,662
Other		462		644
Total deferred tax assets		17,775		17,872
Valuation allowance		(12,953)		(12,783)
Total deferred tax assets, net of valuation allowance		4,822		5,089
Gross Deferred Tax Liabilities:
Deferred compensation and benefits		—		(54)
Right-of-use asset		(4,285)		(4,488)
Other		(461)		(497)
Total deferred tax liabilities		(4,746)		(5,039)

Net Deferred Tax Assets	$	76	$	50

Schedule of Unrecognized Tax Positions



	2020		2019
Balance at January 1	$	2,577	$	2,592
Increase related to prior year tax positions		65		—
Decrease related to statute of limitations expiring		(1)		(15)
Balance at December 31	$	2,641	$	2,577

Pension and Other Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2020

Pension and Other Retirement Plans [Abstract]

Schedule of Defined Benefit Plans Disclosures



	2020		2019
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year	$	219,444	$	203,424
Interest cost		6,236		7,896
Actuarial loss		20,261		20,202
Benefit payments		(12,301)		(12,078)
Projected benefit obligation at end of year		233,640		219,444
Change in Plan Assets
Fair value of plan assets at beginning of year		196,405		171,535
Return on plan assets		31,016		36,948
Benefit payments		(12,301)		(12,078)
Fair value of plan assets at end of year		215,120		196,405
Funded Status	$	(18,520)	$	(23,039)
Amounts Recorded on the Balance Sheet
Noncurrent liability - accrued benefit cost	$	18,520	$	23,039
Accumulated Benefit Obligation	$	233,640	$	219,444

Schedule of Net Periodic Pension Benefit



	Years Ended December 31,
	2020		2019
Interest cost	$	6,236	$	7,896
Expected return on plans' assets		(11,762)		(11,464)
Amortization of actuarial loss		880		278
Net periodic pension benefit	$	(4,646)	$	(3,290)

Schedule of Fair Value and Allocation of Plan Assets



	Fair Value Measurements Using
	Total				Quoted Price in ‎Active Markets ‎for Identical Assets ‎(Level I)				Significant Other ‎Observable Inputs ‎(Level II)				Significant ‎Unobservable ‎Inputs ‎(Level III)
Description	2020		2019		2020		2019		2020		2019		2020		2019
Cash and Money Market Funds	$	1,690	$	1,743	$	1,690	$	1,743	$	—	$	—	$	—	$	—
Equity Funds
U.S. equity securities		60,744		54,258		—		—		60,744		54,258		—		—
International equity securities		32,888		29,519		—		—		32,888		29,519		—		—
Fixed Income Funds
Domestic corporate and government debt securities		53,323		60,743		—		—		53,323		60,743		—		—
Domestic corporate debt securities		65,271		46,115		—		—		65,271		46,115		—		—
International corporate and government debt securities		1,204		4,027		—		—		1,204		4,027		—		—
Total	$	215,120	$	196,405	$	1,690	$	1,743	$	213,430	$	194,662	$	—	$	—

Schedule of Expected Benefit Payments



Payment year	Expected ‎Benefit ‎Payments
2021	$	13,562
2022		13,644
2023		13,489
2024		13,456
2025		13,390
2026 - 2030		64,253

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

Shareholders' Equity [Abstract]

Changes in Accumulated Other Comprehensive Loss



	Years Ended December 31,
	2020						2019
	Total		Defined ‎benefit pension ‎plans		Other post- employment benefit plans		Total		Defined ‎benefit pension ‎plans		Other post- employment benefit plans
Balance, beginning of period	$	(32,294)	$	(32,443)	$	149	$	(37,641)	$	(38,003)	$	362
Amortization		876		880		(4)		247		278		(31)
Actuarial gains (losses)		(1,050)		(1,008)		(42)		5,100		5,282		(182)
Balance, end of period	$	(32,468)	$	(32,571)	$	103	$	(32,294)	$	(32,443)	$	149

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation



	Years Ended December 31,
	2020		2019
Earnings (Numerator)
Net income (loss) available to common shareholders	$	(6,872)	$	9,292

Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)		21,410,423		21,546,257

Income (Loss) Per Share
Basic and diluted	$	(0.32)	$	0.43

Supplemental Cash Flow Data (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental Cash Flow Data [Abstract]

Supplemental Disclosures of Cash Flows



	Years Ended December 31,
	2020		2019
Income tax paid, net (refund)	$	(1,675)	$	901
Noncash investing and financing activities:
Investments in property, plant and equipment payable	$	117	$	237
Dividends payable		856		1,713
Notes receivable for asset sales		375		22,400

Significant Accounting Policies and Recently Issued Accounting Standards (Narrative) (Details)		3 Months Ended	12 Months Ended
	Apr. 06, 2020 item $ / shares	Sep. 30, 2019 segment	Dec. 31, 2020 USD ($) item shares	Dec. 31, 2019 USD ($) shares
Basis of Presentation and Recently Issued Accounting Standards [Line Items]
Bad debt expense \| $			$ 425,000	$ 828,000
Write-offs, net of recoveries and other adjustments \| $			384,000	738,000
Allowance for notes receivable \| $			$ 0	$ 0
Number of reportable segments \| segment		1
COVID-19 Pandemic [Member]
Basis of Presentation and Recently Issued Accounting Standards [Line Items]
Future expected dividend rate \| $ / shares	$ 0.04
Reduced size of board of directors \| item	2
Series A [Member]
Basis of Presentation and Recently Issued Accounting Standards [Line Items]
Common stock, voting rights, number of votes \| item			1
Series B [Member]
Basis of Presentation and Recently Issued Accounting Standards [Line Items]
Common stock, voting rights, number of votes \| item			10
RSUs [Member]
Basis of Presentation and Recently Issued Accounting Standards [Line Items]
Share-based payment award other than option outstanding \| shares			0	0
2017 Plan [Member]
Basis of Presentation and Recently Issued Accounting Standards [Line Items]
Number of shares authorized \| shares			8,000,000

Significant Accounting Policies and Recently Issued Accounting Standards (Property, Plant and Equipment by Type) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment
Total	$ 312,532	$ 343,893
Less accumulated depreciation	(300,573)	(325,440)
Property, plant and equipment, net	11,959	18,453
Land [Member]
Property, Plant and Equipment
Total	1,971	2,191
Buildings and improvements [Member]
Property, Plant and Equipment
Total	$ 85,468	85,316
Buildings and improvements [Member] \| Minimum [Member]
Property, Plant and Equipment
Estimated useful life	5 years
Buildings and improvements [Member] \| Maximum [Member]
Property, Plant and Equipment
Estimated useful life	30 years
Publishing equipment [Member]
Property, Plant and Equipment
Total	$ 173,078	174,019
Publishing equipment [Member] \| Minimum [Member]
Property, Plant and Equipment
Estimated useful life	3 years
Publishing equipment [Member] \| Maximum [Member]
Property, Plant and Equipment
Estimated useful life	20 years
Other [Member]
Property, Plant and Equipment
Total	$ 51,876	80,678
Other [Member] \| Minimum [Member]
Property, Plant and Equipment
Estimated useful life	3 years
Other [Member] \| Maximum [Member]
Property, Plant and Equipment
Estimated useful life	10 years
Construction In Progress [Member]
Property, Plant and Equipment
Total	$ 139	$ 1,689

Segment Reporting (Narrative) (Details)	3 Months Ended
Segment Reporting (Narrative) (Details)	Sep. 30, 2019 segment
Segment Reporting [Abstract]
Number of reportable segments	1

Acquisitions (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
Acquisitions (Narrative) (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Business acquisition cash purchase price, net of cash acquired			$ 2,356
Pretax income		$ (8,559)	13,708
Net operating revenue		154,299	183,563
Cubic Creative, Inc.[Member]
Business Acquisition [Line Items]
Business acquisition cash purchase price, net of cash acquired	$ 2,356
Cash acquired from acquisition	213
Business combination, transaction costs	$ 92
Business combination, transaction costs incurred		$ 0	86
Pretax income			1,885
Net operating revenue			$ 2,464

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

Acquisitions (Finalized Allocation Of Purchase Price) (Details) - Cubic Creative, Inc.[Member] $ in Thousands	Apr. 01, 2019 USD ($)
Business Acquisition [Line Items]
Working capital, net of acquired cash	$ 228
Property, plant, and equipment	25
Other intangible assets - customer relationships	510
Goodwill	1,593
Total	$ 2,356

Revenue (Narrative) (Details) $ in Thousands	12 Months Ended
Revenue (Narrative) (Details) $ in Thousands	Dec. 31, 2020 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, revenue recognized	$ 10,567
Minimum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation expected timing of revenue recognition	1 month
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation expected timing of revenue recognition	12 months

Revenue (Disaggregated by Revenue Source) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 154,299	$ 183,563
Print Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	46,318	62,256
Digital Advertising and Marketing Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	25,896	33,600
Advertising And Marketing Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	72,214	95,856
Print Circulation [Member]
Disaggregation of Revenue [Line Items]
Revenues	58,415	63,321
Digital Circulation [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,520	4,939
Circulation [Member]
Disaggregation of Revenue [Line Items]
Revenues	64,935	68,260
Printing, Distribution And Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 17,150	$ 19,447

- Definition

+ References

+ Details

Leases (Narrative) (Details) - USD ($)	3 Months Ended	12 Months Ended
Leases (Narrative) (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Asset impairments	$ 461,000	$ 563,000	$ 1,709,000
Sublease income expected in 2021	720,000	720,000
Sublease income expected in 2022	520,000	520,000
Sublease income expected in 2023	$ 320,000	320,000
Operating leases, not yet commenced		$ 0
Denton Publishing Company [Member] \| Sublease [Member]
Operating leases remaining terms	3 years	3 years
Minimum [Member]
Operating leases remaining terms	1 year	1 year
Minimum [Member] \| Distributors Sublease [Member]
Operating leases remaining terms	1 year	1 year
Maximum [Member]
Operating leases remaining terms	13 years	13 years
Maximum [Member] \| Distributors Sublease [Member]
Operating leases remaining terms	2 years	2 years

Leases (Schedule of Supplemental Consolidated Balance Sheet Information for Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 20,406	$ 21,371
Operating lease liabilities current	2,306	1,579
Operating lease liabilities noncurrent	21,890	23,120
Total lease liabilities	$ 24,196	$ 24,699
Operating leases weighted average remaining lease term (years)	10 years 7 months 6 days	11 years 8 months 12 days
Operating leases weighted average discount rate	7.40%	7.50%

Leases (Schedule of Components of Lease Cost and Supplemental Cash Flow Information for Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lease, Cost [Abstract]
Operating lease cost	$ 4,267	$ 4,264
Short-term lease cost	14	135
Variable lease cost	573	576
Sublease income	(768)	(734)
Total lease cost	4,086	4,241
Cash paid for operating leases included in operating activities	4,143	4,115
Right-of-use assets obtained in exchange for operating lease liabilities	$ 1,795	$ 23,886

Leases (Schedule of Remaining Maturities of Lease Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021	$ 3,982
2022	4,232
2023	3,325
2024	2,467
2025	2,430
Thereafter	19,691
Total lease payments	36,127
Less: imputed interest	11,931
Total lease liabilities	$ 24,196	$ 24,699

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 255	$ 495
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets excluding goodwill	$ 510
Definite-lived intangibles, useful life	2 years
Expected amortization expense, 2021	$ 64
Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets excluding goodwill	$ 1,520
Definite-lived intangibles, useful life	5 years

Intangible Assets (Schedule of Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Intangible Assets
Cost	$ 2,030	$ 2,030
Accumulated Amortization	(1,966)	(1,711)
Net Carrying Value	$ 64	$ 319

Related Party Transactions (Narrative) (Details) - eSite Analytics, Inc. [Member] - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Sep. 24, 2020	Nov. 30, 2019	Dec. 31, 2017	Dec. 31, 2019	Mar. 31, 2019
Notes receivable non current		$ 200	$ 750	$ 573	$ 200
Related parties, notes receivable periodic payments			$ 60
Related parties, notes receivable term			3 years
Related party, interest rate on notes receivable			5.50%
Related parties, notes receivable maturity date		Sep. 30, 2022
Related party transaction, other income, net	$ 750

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands				12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Oct. 02, 2020	Mar. 27, 2020	Mar. 26, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2014
Income Tax [Line Items]
Income tax provision (benefit)				$ (1,687)	$ 4,416
Income tax paid, net (refund)				(1,675)	901
Net operating loss carryforward				5,842	3,662
Changes in valuation allowance				170	318
Income tax, interest expense				179	253
Income tax, penality expense				15
Income tax examination accrued interest and penalty				477	$ 282
Tax benefit expected to be recognized from the release of an uncertain tax reserve				$ 2,575
The CARES Act [Member]
Income Tax [Line Items]
Temporary net operating loss carry back term				5 years
Additional tax depreciation		$ 1,017
Net operating loss		$ 6,829
Other Deferred Tax Assets [Member]
Income Tax [Line Items]
Changes in valuation allowance				$ 28
Leasehold Improvements [Member]
Income Tax [Line Items]
Estimated useful life			39 years
Leasehold Improvements [Member] \| The CARES Act [Member]
Income Tax [Line Items]
Estimated useful life		15 years
Leasehold improvements, percentage of eligibility for tax bonus depreciation		100.00%
Federal [Member]
Income Tax [Line Items]
Net operating loss carryforward				27,764
Federal [Member] \| Net Operating Loss Carryforward Expiring In 2037 [Member]
Income Tax [Line Items]
Net operating loss carryforward				17,528
Federal [Member] \| Net Operating Loss Carryforward With No Expiration [Member]
Income Tax [Line Items]
Net operating loss carryforward				$ 10,236
Net operating loss maximum annual utilization of taxable income, percent				80.00%
State and Local Jurisdiction [Member] \| Net Operating Loss Carryforward Expiring In 2039 [Member]
Income Tax [Line Items]
State net operating loss carryforward				$ 380
Loss Carried Back to 2014 [Member]
Income Tax [Line Items]
U.S. corporate income tax rate						35.00%
Loss Carried Back to 2014 [Member] \| The CARES Act [Member]
Income Tax [Line Items]
Proceeds from income tax refunds	$ 2,425

Income Taxes (Schedule of Components of Income Tax Provision (Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Current
Federal	$ (2,281)
State	620	$ 894
Total current	(1,661)	894
Deferred
Federal	(287)	3,029
State	119	(124)
Total deferred	(168)	2,905
Valuation Allowance	142	617
Income tax provision (benefit)	$ (1,687)	$ 4,416

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Abstract]
Computed expected income tax provision (benefit)	$ (1,794)	$ 2,879
State income tax (net of federal benefit)	560	583
Valuation allowance	142	617
Nondeductible expenses	85	392
Uncertain tax position reserve	65	(15)
Carryback receivable	(911)
Deferred adjustment	147	(19)
Other	19	(21)
Income tax provision (benefit)	$ (1,687)	$ 4,416
Effective income tax rate	19.70%	32.20%

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Abstract]
Defined benefit plans	$ 3,889	$ 4,838
Investments	60	142
Tax depreciation less than book depreciation	434	1,378
Expenses deductible for tax purposes in a year different from the year accrued	831	838
Lease liability	5,081	5,187
Deferred compensation and benefits	68
Book amortization in excess of tax amortization	1,032	1,037
State taxes	76	146
Net operating loss carryforward	5,842	3,662
Other	462	644
Total deferred tax assets	17,775	17,872
Valuation allowance	(12,953)	(12,783)
Total deferred tax assets, net of valuation allowance	4,822	5,089
Gross Deferred Tax Liabilities:
Deferred compensation and benefits		(54)
Right-of-use asset	(4,285)	(4,488)
Other	(461)	(497)
Total deferred tax liabilities	(4,746)	(5,039)
Net Deferred Tax Assets	$ 76	$ 50

Income Taxes (Schedule of Unrecognized Tax Positions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at January 1	$ 2,577	$ 2,592
Increase related to prior year tax positions	65
Decrease related to statute of limitations expiring	(1)	(15)
Balance at December 31	$ 2,641	$ 2,577

Pension and Other Retirement Plans (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($) employee	Dec. 31, 2019 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Actuarial gains (losses)	$ (1,050)	$ 5,100
401(K) Plan [Member]
Defined Contribution Plans
Maximum pretax contribution per employee	100.00%
Defined contribution plan, employer matching contribution, percent	1.50%
Expense recognized	$ 741	702
Other Post-Employment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)	19	9
Recorded liabilities	1,372	1,347
Actuarial gains (losses)	$ (42)	$ (182)
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate of projected benefit obligation	2.10%	2.90%
Discount rate, net periodic pension expense (benefit)	2.90%	4.00%
Expected long-term return on plan assets	6.50%	6.50%
Net periodic cost (benefit)	$ (4,646)	$ (3,290)
Actuarial gains (losses)	$ (1,008)	$ 5,282
Defined Contribution Plans
Number of employee participants \| employee	1,400
Pension Plan [Member] \| Equity Securities [Member]
Defined Benefit Plan, Assets, Target Allocations
Target allocation of plans' assets	45.00%
Allocation of plans' assets	43.90%
Pension Plan [Member] \| Fixed Income Securities [Member]
Defined Benefit Plan, Assets, Target Allocations
Target allocation of plans' assets	55.00%
Allocation of plans' assets	56.10%

Pension and Other Retirement Plans (Schedule of Defined Benefit Plans Disclosures) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan, Change in Plan Assets [Roll Forward]
Noncurrent liability - accrued benefit cost	$ 18,520	$ 23,039
Pension Plan [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll forward]
Projected benefit obligation at beginning of year	219,444	203,424
Interest cost	6,236	7,896
Actuarial loss	20,261	20,202
Benefit payments	(12,301)	(12,078)
Projected benefit obligation at end of year	233,640	219,444
Defined Benefit Plan, Change in Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	196,405	171,535
Return on plan assets	31,016	36,948
Benefit payments	(12,301)	(12,078)
Fair value of plan assets at end of year	215,120	196,405
Funded status	(18,520)	(23,039)
Noncurrent liability - accrued benefit cost	18,520	23,039
Accumulated benefit obligation	$ 233,640	$ 219,444

Pension and Other Retirement Plans (Schedule of Net Periodic Pension Benefit) (Details) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 6,236	$ 7,896
Expected return on plans' assets	(11,762)	(11,464)
Amortization of actuarial loss	880	278
Net periodic pension benefit	$ (4,646)	$ (3,290)

Pension and Other Retirement Plans (Schedule of Fair Value and Allocation of Plan Assets) (Details) - Pension Plan [Member] - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	$ 215,120	$ 196,405	$ 171,535
Cash and Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	1,690	1,743
U.S. Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	60,744	54,258
International Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	32,888	29,519
Domestic Corporate and Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	53,323	60,743
Domestic Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	65,271	46,115
International Corporate and Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	1,204	4,027
Level I - Fair Value, Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	1,690	1,743
Level I - Fair Value, Inputs \| Cash and Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	1,690	1,743
Level II - Fair Value, Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	213,430	194,662
Level II - Fair Value, Inputs [Member] \| U.S. Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	60,744	54,258
Level II - Fair Value, Inputs [Member] \| International Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	32,888	29,519
Level II - Fair Value, Inputs [Member] \| Domestic Corporate and Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	53,323	60,743
Level II - Fair Value, Inputs [Member] \| Domestic Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	65,271	46,115
Level II - Fair Value, Inputs [Member] \| International Corporate and Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of plan assets	$ 1,204	$ 4,027

Pension and Other Retirement Plans (Schedule of Expected Benefit Payments) (Details) $ in Thousands	Dec. 31, 2020 USD ($)
Pension and Other Retirement Plans [Abstract]
2021	$ 13,562
2022	13,644
2023	13,489
2024	13,456
2025	13,390
2026-2030	$ 64,253

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 03, 2020
Shareholders' Equity [Line Items]
Dividends paid		$ 5,139	$ 6,876
Dividends payable, amount per share				$ 0.04
Dividends payable, date declared		Dec. 03, 2020
Dividends payable, date of record		Feb. 12, 2021
Dividends payable, date of payment		Mar. 05, 2021
Shares repurchased			$ 842
Series A [Member]
Shareholders' Equity [Line Items]
Shares repurchased, shares	33,032		216,490
Shares repurchased	$ 123		$ 842
Common stock, shares, outstanding	18,941,115	18,941,340	18,941,115
Series B [Member]
Shareholders' Equity [Line Items]
Common stock, shares, outstanding	2,469,308	2,469,083	2,469,308

Shareholders' Equity (Changes in Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	$ (32,294)	$ (37,641)
Actuarial gains (losses)	(1,050)	5,100
Amortization	876	247
Balance, end of period	(32,468)	(32,294)
Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	(32,443)	(38,003)
Actuarial gains (losses)	(1,008)	5,282
Amortization	880	278
Balance, end of period	(32,571)	(32,443)
Other Post-Employment Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	149	362
Actuarial gains (losses)	(42)	(182)
Amortization	(4)	(31)
Balance, end of period	$ 103	$ 149

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Earnings Per Share (Narrative) (Details) - shares	12 Months Ended
Earnings Per Share (Narrative) (Details) - shares	Dec. 31, 2020	Dec. 31, 2019
Employee Stock Option [Member]
Antidilutive securities excluded from computation of earnings per share, amount	0	0
RSUs [Member]
Antidilutive securities excluded from computation of earnings per share, amount	0	0

Earnings Per Share (Schedule of Earnings Per Share Reconciliation) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income (loss) available to common shareholders	$ (6,872)	$ 9,292
Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)	21,410,423	21,546,257
Income (Loss) Per Share
Basic and diluted	$ (0.32)	$ 0.43

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2016
Commitments and Contingencies [Line Items]
Operating leases, aggregate contractual obligations due in next five years	$ 16,436
Operating leases, contractual obligations due after fifth year	19,691
Purchase obligations related to capital expenditures	117
AHC Dallas Properties, LLC [Member]
Commitments and Contingencies [Line Items]
Operating lease term			12 years
Dallas Morning News, Inc [Member]
Commitments and Contingencies [Line Items]
Operating lease term				16 years
Property and Equipment [Member]
Commitments and Contingencies [Line Items]
Lease expense for property and equipment	$ 4,854	$ 4,975

Supplemental Cash Flow Data (Supplemental Disclosures of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Supplemental Cash Flow Data [Abstract]
Income tax paid, net (refund)	$ (1,675)	$ 901
Investments in property, plant and equipment payable	117	237
Dividends Payable	856	1,713
Notes receivable for asset sales	$ 375	$ 22,400

Disposal of Assets (Narrative) (Details) $ in Thousands			1 Months Ended	3 Months Ended		9 Months Ended	12 Months Ended
Disposal of Assets (Narrative) (Details) $ in Thousands	Jan. 04, 2021 USD ($)	Apr. 03, 2020 USD ($)	May 31, 2019 USD ($)	Sep. 30, 2019 USD ($)	Mar. 31, 2019 customer	Dec. 31, 2019 customer	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of newspaper production assets and publishing software				$ 1,362
Number of local and national commercial print customers \| customer					30	5
Proceeds from sale of assets							$ 155	$ 4,597
Current notes receivable							22,775
(Gain) loss on sale/disposal of assets, net							(90)	24,540
Dallas, Texas [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sale/disposal of assets, net								(25,908)
Charter DMN Holdings, LP [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from interest payment by Purchaser							897	$ 395
Charter DMN Holdings, LP [Member] \| Subsequent Event [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from interest payment by Purchaser	$ 253
Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of real estate assets, amount			$ 28,000
Proceeds from sale of assets			4,597
Real estate assets selling costs			$ 1,000
Notes receivable term			2 years
Current notes receivable							$ 22,400
Additional contingency payment receivable if certain conditions are met			$ 1,000
Interest rate on promissory note during first year							3.50%
Interest rate on promissory note during second year							4.50%
Second Promissory Note [Member] \| Charter DMN Holdings, LP [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current notes receivable		$ 375
Note receivable, due date		Jun. 30, 2021
Second Promissory Note [Member] \| Charter DMN Holdings, LP [Member] \| Deferred Purchaser's Interest Payment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current notes receivable		$ 195
Second Promissory Note [Member] \| Charter DMN Holdings, LP [Member] \| 2019 Real Property Tax Reconciliation Payment Due from Purchaser [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current notes receivable		$ 180

Subsequent Events (Narrative) (Details) - $ / shares		12 Months Ended
Subsequent Events (Narrative) (Details) - $ / shares	Mar. 04, 2021	Dec. 31, 2020	Dec. 03, 2020
Subsequent Event [Line Items]
Dividends payable, amount per share			$ 0.04
Dividends payable, date declared		Dec. 03, 2020
Dividends payable, date of record		Feb. 12, 2021
Dividends payable, date of payment		Mar. 05, 2021
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends payable, amount per share	$ 0.04
Dividends payable, date declared	Mar. 04, 2021
Dividends payable, date of record	May 14, 2021
Dividends payable, date of payment	Jun. 04, 2021