false
--09-27
Q2
2020
2020-03-29
10-Q
0000058361
58122260
Yes
false
Accelerated Filer
Yes
LEE ENTERPRISES, INC
false
true
Common Stock, par value $.01 per share
lee
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> Pandemic</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">With the outbreak of COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> and the declaration of a pandemic by the World Health Organization on <div style="display: inline; font-style: italic; font: inherit;"> March 11, 2020, </div>governments implemented a combination of shelter-in-place orders and other recommendations severely limiting or restricting economic activity in our local markets. Certain aspects of our operations have experienced lower revenue and profitability over the last several years and these trends are expected to continue in the future; however, the pandemic and government restrictions caused significant and immediate declines in demand for certain of our products and services, particularly in advertising revenue.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Company currently expects that the COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic will have a significant negative near term impact on the Company’s business and operations. The long-term impact of the COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic will depend on the length, severity and recurrence of the pandemic, the availability of antiviral medications and vaccinations, the duration and extent of government actions designed to combat the pandemic, as well as changes in consumer behavior, all of which are highly uncertain.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">As a result, the Company has implemented, and continues to implement, measures to solidify our relationship with our local advertisers, reduce our cost structure and preserve liquidity. The Company believes these initiatives will allow us to meet our commitments; however, they <div style="display: inline; font-style: italic; font: inherit;"> may </div><div style="display: inline; font-style: italic; font: inherit;">not</div> be sufficient to fully offset the negative impact of the COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic on the Company’s business and results of operations.</div></div></div>
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(67, 67, 67);"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;">Purchase Agreement with Berkshire Hathaway</div></div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">On <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020, </div>the Company completed the Asset and Stock Purchase Agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> January 29, 2020 </div>with Berkshire Hathaway Inc., a Delaware corporation (“Berkshire”) and BH Media Group, Inc., a Delaware corporation (“BHMG”) (“Purchase Agreement”). As part of the Purchase Agreement, the Company purchased certain assets and assumed certain liabilities of BHMG’s newspapers and related community publications business (“BH Media Newspaper Business”), excluding real estate and fixtures such as production equipment and all of the issued and outstanding capital stock of The Buffalo News, Inc., a Delaware corporation (“Buffalo News”) for a combined purchase price of <div style="display: inline; font-style: italic; font: inherit;">$140,000,000</div> (collectively, the “Transactions”). BHMG includes <div style="display: inline; font-style: italic; font: inherit;">30</div> daily newspapers and digital operations, in addition to <div style="display: inline; font-style: italic; font: inherit;">49</div> paid weekly newspapers with websites and <div style="display: inline; font-style: italic; font: inherit;">32</div> other print products. Buffalo News is a provider of local print and digital news to the Buffalo, NY area. The rationale for the acquisition was primarily the attractive nature of the various publications, businesses, and digital platforms as well as the revenue growth and operating expense synergy opportunities.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Transactions were funded pursuant to a Credit Agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> January 29, 2020 </div>between the Company and BH Finance LLC, a Delaware limited liability company affiliated with Berkshire (“Credit Agreement”), as described further in Note <div style="display: inline; font-style: italic; font: inherit;">5.</div> Our Consolidated Financial Statements show the combined results of the Company for the period of <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>through and as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div>.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Between <div style="display: inline; font-style: italic; font: inherit;"> July 2, 2018 </div>and <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020, </div>the Company managed the BHMG newspaper business pursuant to a Management Agreement between BHMG and the Company dated <div style="display: inline; font-style: italic; font: inherit;"> June 26, 2018 (</div>“Management Agreement”).</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">In connection with the Transactions, the Management Agreement terminated on <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020. </div>As part of the settlement of the preexisting relationship, the Company received <div style="display: inline; font-style: italic; font: inherit;">$5,425,000</div> at closing. This amount represents <div style="display: inline; font-style: italic; font: inherit;">$1,245,000</div> in fixed fees pro-rated under the contract and <div style="display: inline; font-style: italic; font: inherit;">$4,180,000</div> in variable fees based upon the pro-rated annual target. The amount we received settled our existing contract assets balance, which totaled <div style="display: inline; font-style: italic; font: inherit;">$3,589,000</div> as of <div style="display: inline; font-style: italic; font: inherit;"> December 29, 2019, </div>and the remaining amount was reflected in Other Revenue for the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020. </div>The amount of variable fees was estimated based on expected BHMG financial performance through <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020. </div>Actual financial performance through <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>did <div style="display: inline; font-style: italic; font: inherit;">not</div> vary materially from the estimated amount. As such, the Company did <div style="display: inline; font-style: italic; font: inherit;">not</div> recognize a gain or loss as a result of the settlement of this preexisting relationship.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">In connection with the Transactions, the Company also entered into a <div style="display: inline; font-style: italic; font: inherit;">10</div>-year term lease with BHMG as described in Note <div style="display: inline; font-style: italic; font: inherit;">6.</div></div></div></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-left: 36pt; text-indent: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; min-; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="vertical-align: bottom; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;">March 29,</div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;">September 29,</div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;">2020</div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;">2019</div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Non-amortized intangible assets:</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Mastheads</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">42,722</div></div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">21,883</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Amortizable intangible assets:</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Customer and newspaper subscriber lists</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">790,586</div></div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">697,145</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Less accumulated amortization</div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">620,443</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">611,786</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">170,143</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">85,359</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Non-compete and consulting agreements</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">28,675</div></div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">28,675</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Less accumulated amortization</div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">28,562</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">28,524</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">113</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">151</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Other intangible assets, net</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">212,978</div></div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">107,393</div></div> </td> </tr> </table></div>
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129602000
60303000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Basis of Presentation</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: center; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The accompanying unaudited, interim, Consolidated Financial Statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for quarterly reports. The Consolidated Financial Statements include the accounts of the <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>Transactions, as defined and further described below, for approximately <div style="display: inline; font-style: italic; font: inherit;">two</div> weeks in the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020. </div>All significant intercompany accounts and transactions have been eliminated. In the opinion of management, these financial statements contain all adjustments (consisting of only normal recurring items) necessary to present fairly the financial position of Lee Enterprises, Incorporated and its subsidiaries (the “Company”) as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> and our results of operations and cash flows for the periods presented. The Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company's <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> Annual Report on Form <div style="display: inline; font-style: italic; font: inherit;">10</div>-K.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Because of seasonal and other factors, the results of operations for the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13</div> and <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> are <div style="display: inline; font-style: italic; font: inherit;">not</div> necessarily indicative of the results to be expected for the full year.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">References to “we”, “our”, “us” and the like throughout the Consolidated Financial Statements refer to the Company. References to “<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div>”, “<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div>” and the like refer to the fiscal years ended the last Sunday in <div style="display: inline; font-style: italic; font: inherit;"> September.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Consolidated Financial Statements include our accounts and those of our subsidiaries, all of which are wholly-owned, except for our <div style="display: inline; font-style: italic; font: inherit;">82.5%</div> interest in INN Partners, L.C. (“TownNews.com”), <div style="display: inline; font-style: italic; font: inherit;">50%</div> interest in TNI Partners (“TNI”) and <div style="display: inline; font-style: italic; font: inherit;">50%</div> interest in Madison Newspapers, Inc. (“MNI”).</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Investments in TNI and MNI are accounted for using the equity method and are reported at cost, plus our share of undistributed earnings since acquisition less, for TNI, amortization of intangible assets.</div></div></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; font-family: Arial; font-size: 10pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">1</div></div></div> </td> <td style="font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</div></div> </td> </tr> </table> <div style=" margin: 0pt; text-align: left; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" margin: 0pt; text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Basis of Presentation</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: center; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The accompanying unaudited, interim, Consolidated Financial Statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for quarterly reports. The Consolidated Financial Statements include the accounts of the <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>Transactions, as defined and further described below, for approximately <div style="display: inline; font-style: italic; font: inherit;">two</div> weeks in the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020. </div>All significant intercompany accounts and transactions have been eliminated. In the opinion of management, these financial statements contain all adjustments (consisting of only normal recurring items) necessary to present fairly the financial position of Lee Enterprises, Incorporated and its subsidiaries (the “Company”) as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> and our results of operations and cash flows for the periods presented. The Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company's <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> Annual Report on Form <div style="display: inline; font-style: italic; font: inherit;">10</div>-K.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Because of seasonal and other factors, the results of operations for the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13</div> and <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> are <div style="display: inline; font-style: italic; font: inherit;">not</div> necessarily indicative of the results to be expected for the full year.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">References to “we”, “our”, “us” and the like throughout the Consolidated Financial Statements refer to the Company. References to “<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div>”, “<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div>” and the like refer to the fiscal years ended the last Sunday in <div style="display: inline; font-style: italic; font: inherit;"> September.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Consolidated Financial Statements include our accounts and those of our subsidiaries, all of which are wholly-owned, except for our <div style="display: inline; font-style: italic; font: inherit;">82.5%</div> interest in INN Partners, L.C. (“TownNews.com”), <div style="display: inline; font-style: italic; font: inherit;">50%</div> interest in TNI Partners (“TNI”) and <div style="display: inline; font-style: italic; font: inherit;">50%</div> interest in Madison Newspapers, Inc. (“MNI”).</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Investments in TNI and MNI are accounted for using the equity method and are reported at cost, plus our share of undistributed earnings since acquisition less, for TNI, amortization of intangible assets.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> Pandemic</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">With the outbreak of COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> and the declaration of a pandemic by the World Health Organization on <div style="display: inline; font-style: italic; font: inherit;"> March 11, 2020, </div>governments implemented a combination of shelter-in-place orders and other recommendations severely limiting or restricting economic activity in our local markets. Certain aspects of our operations have experienced lower revenue and profitability over the last several years and these trends are expected to continue in the future; however, the pandemic and government restrictions caused significant and immediate declines in demand for certain of our products and services, particularly in advertising revenue.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Company currently expects that the COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic will have a significant negative near term impact on the Company’s business and operations. The long-term impact of the COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic will depend on the length, severity and recurrence of the pandemic, the availability of antiviral medications and vaccinations, the duration and extent of government actions designed to combat the pandemic, as well as changes in consumer behavior, all of which are highly uncertain.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">As a result, the Company has implemented, and continues to implement, measures to solidify our relationship with our local advertisers, reduce our cost structure and preserve liquidity. The Company believes these initiatives will allow us to meet our commitments; however, they <div style="display: inline; font-style: italic; font: inherit;"> may </div><div style="display: inline; font-style: italic; font: inherit;">not</div> be sufficient to fully offset the negative impact of the COVID-<div style="display: inline; font-style: italic; font: inherit;">19</div> pandemic on the Company’s business and results of operations.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(67, 67, 67);"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;">Purchase Agreement with Berkshire Hathaway</div></div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">On <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020, </div>the Company completed the Asset and Stock Purchase Agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> January 29, 2020 </div>with Berkshire Hathaway Inc., a Delaware corporation (“Berkshire”) and BH Media Group, Inc., a Delaware corporation (“BHMG”) (“Purchase Agreement”). As part of the Purchase Agreement, the Company purchased certain assets and assumed certain liabilities of BHMG’s newspapers and related community publications business (“BH Media Newspaper Business”), excluding real estate and fixtures such as production equipment and all of the issued and outstanding capital stock of The Buffalo News, Inc., a Delaware corporation (“Buffalo News”) for a combined purchase price of <div style="display: inline; font-style: italic; font: inherit;">$140,000,000</div> (collectively, the “Transactions”). BHMG includes <div style="display: inline; font-style: italic; font: inherit;">30</div> daily newspapers and digital operations, in addition to <div style="display: inline; font-style: italic; font: inherit;">49</div> paid weekly newspapers with websites and <div style="display: inline; font-style: italic; font: inherit;">32</div> other print products. Buffalo News is a provider of local print and digital news to the Buffalo, NY area. The rationale for the acquisition was primarily the attractive nature of the various publications, businesses, and digital platforms as well as the revenue growth and operating expense synergy opportunities.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Transactions were funded pursuant to a Credit Agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> January 29, 2020 </div>between the Company and BH Finance LLC, a Delaware limited liability company affiliated with Berkshire (“Credit Agreement”), as described further in Note <div style="display: inline; font-style: italic; font: inherit;">5.</div> Our Consolidated Financial Statements show the combined results of the Company for the period of <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>through and as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div>.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Between <div style="display: inline; font-style: italic; font: inherit;"> July 2, 2018 </div>and <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020, </div>the Company managed the BHMG newspaper business pursuant to a Management Agreement between BHMG and the Company dated <div style="display: inline; font-style: italic; font: inherit;"> June 26, 2018 (</div>“Management Agreement”).</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">In connection with the Transactions, the Management Agreement terminated on <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020. </div>As part of the settlement of the preexisting relationship, the Company received <div style="display: inline; font-style: italic; font: inherit;">$5,425,000</div> at closing. This amount represents <div style="display: inline; font-style: italic; font: inherit;">$1,245,000</div> in fixed fees pro-rated under the contract and <div style="display: inline; font-style: italic; font: inherit;">$4,180,000</div> in variable fees based upon the pro-rated annual target. The amount we received settled our existing contract assets balance, which totaled <div style="display: inline; font-style: italic; font: inherit;">$3,589,000</div> as of <div style="display: inline; font-style: italic; font: inherit;"> December 29, 2019, </div>and the remaining amount was reflected in Other Revenue for the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020. </div>The amount of variable fees was estimated based on expected BHMG financial performance through <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020. </div>Actual financial performance through <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>did <div style="display: inline; font-style: italic; font: inherit;">not</div> vary materially from the estimated amount. As such, the Company did <div style="display: inline; font-style: italic; font: inherit;">not</div> recognize a gain or loss as a result of the settlement of this preexisting relationship.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">In connection with the Transactions, the Company also entered into a <div style="display: inline; font-style: italic; font: inherit;">10</div>-year term lease with BHMG as described in Note <div style="display: inline; font-style: italic; font: inherit;">6.</div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: justify;"> </div> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: center; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The preparation of the Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. We evaluate these estimates and judgments on an ongoing basis.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are <div style="display: inline; font-style: italic; font: inherit;">not</div> readily apparent from other sources. Actual results <div style="display: inline; font-style: italic; font: inherit;"> may </div>differ from these estimates under different assumptions or conditions.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt; text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Business Combinations</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Company accounts for acquisitions in accordance with the provisions of Accounting Standards Codification <div style="display: inline; font-style: italic; font: inherit;">805</div> “Business Combinations” (“ASC <div style="display: inline; font-style: italic; font: inherit;">805”</div>), which provides guidance for recognition and measurement of identifiable assets and goodwill acquired, liabilities assumed, and any noncontrolling interest in the acquiree at fair value. In a business combination, the assets acquired, liabilities assumed and non-controlling interest in the acquiree are recorded as of the date of acquisition at their respective fair values with limited exceptions. Any excess of the purchase price (consideration transferred) over the estimated fair values of net assets acquired is recorded as goodwill. Transaction costs are expensed as incurred. The operating results of the acquired business are reflected in the Company’s Consolidated Financial Statements from the date of the acquisition.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" margin: 0pt; text-align: center; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Recently Issued Accounting Standards - Standards Adopted in <div style="display: inline; font-style: italic; font: inherit;">2020</div></div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;">In <div style="display: inline; font-style: italic; font: inherit;"> February 2016, </div>the FASB issued a new standard for the accounting treatment of leases, known as Accounting Standards Codification <div style="display: inline; font-style: italic; font: inherit;">842</div> (“ASC <div style="display: inline; font-style: italic; font: inherit;">842”</div>). The new standard is based on the principle that entities should recognize assets and liabilities arising from leases. The new standard's primary change is the requirement for entities to recognize a lease liability for payments and a right-of-use (“ROU”) asset representing the right to use the leased asset during the term on most operating lease arrangements. We adopted the standard effective <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2019, </div>the <div style="display: inline; font-style: italic; font: inherit;">first</div> day of fiscal year <div style="display: inline; font-style: italic; font: inherit;">2020.</div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;">We elected the package of practical expedients which permits the Company to <div style="display: inline; font-style: italic; font: inherit;">not</div> reassess under the new standard the prior conclusions about lease identification, lease classification, or initial direct costs. In addition, we did reassess whether existing land easements which were previously <div style="display: inline; font-style: italic; font: inherit;">not</div> accounted for as leases are or contain leases under the new guidance. We have elected to combine non-lease and lease components when accounting for leases. The Company has made a policy election to exclude short-term leases, those with an original term of less than <div style="display: inline; font-style: italic; font: inherit;">twelve</div> months, from recognition and measurement under ASC <div style="display: inline; font-style: italic; font: inherit;">842.</div> As such, we have <div style="display: inline; font-style: italic; font: inherit;">not</div> recognized an ROU asset or lease liability for these leases. Additional information and disclosures required by this new standard are contained in Note <div style="display: inline; font-style: italic; font: inherit;">6.</div> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Recently Issued Accounting Standards - Standards <div style="display: inline; font-style: italic; font: inherit;">Not</div> Yet Adopted </div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"><div style="display: inline; font-family:Arial;font-size:10pt;">In <div style="display: inline; font-style: italic; font: inherit;"> June 2016, </div>the FASB issued a new standard to replace the incurred loss impairment methodology under then current GAAP with a methodology that reflects expected credit losses and requires consideration of a wider array of reasonable and supportable information to inform and develop credit loss estimates. We will be required to use a forward-looking expected credit loss model for both accounts receivables and other financial instruments. The new standard will be adopted beginning <div style="display: inline; font-style: italic; font: inherit;"> September 28, 2020 </div>using a modified retrospective approach through a cumulative-effect adjustment to retained earnings as of the effective date to align our credit loss methodology with the new standard. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.</div></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div></div>
127857000
148514000
0.07
-0.07
0.36
0.08
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; margin-left: 36pt; margin-right: auto; min-; min-width: 700px;"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black; border-top: 1px solid black;"> <div style=" margin: 0pt; font-family: Arial, Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black; border-top: 1px solid black;"> <div style=" margin: 0pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </div> </td> <td colspan="10" rowspan="1" style="width: 10%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: center; border-bottom: 1px solid black; border-top: 1px solid black;">Unaudited</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black; border-top: 1px solid black;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 52%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> <td colspan="4" rowspan="1" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: center;">13 Weeks Ended</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> <td colspan="4" rowspan="1" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: center;">26 Weeks Ended</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 52%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;">March 29,</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;">March 31,</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;">March 29,</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;">March 31,</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> <div style="display: inline; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars, Except Per Share Data)</div></div> </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;">2020</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;">2019</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;">2020</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;">2019</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> <div style="display: inline; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">Total revenues</div> </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">207,329</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">230,323</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">442,025</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">494,072</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> <div style="display: inline; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">Income (loss) attributable to Lee Enterprises, Incorporated</div> </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">4,053</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(3,992</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">20,608</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">4,483</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> <div style="display: inline; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">Earnings per share - diluted</div> </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">0.07</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(0.07</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;">)</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">0.36</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">0.08</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;"> </td> </tr> </table></div>
28118000
4053000
-3992000
20608000
4483000
207329000
230323000
442025000
494072000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; margin-left: 0pt; margin-right: 0pt; min-width: 700px;"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">8</div></div></td> <td style="width: 97%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">ACQUISITIONS</div></td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><br /> The allocation of the purchase price is preliminary pending the finalization of the fair value of the acquired net assets and liabilities assumed, deferred income taxes, assumed income and non-income based tax liabilities and goodwill. These amounts are subject to adjustment as additional information is obtained within the measurement period (<div style="display: inline; font-style: italic; font: inherit;">not</div> to exceed <div style="display: inline; font-style: italic; font: inherit;">12</div> months from the acquisition date). As part of the Transactions, the Company also entered into the Credit Agreement and the BH Lease, as described above. The Company concluded that these agreements were <div style="display: inline; font-style: italic; font: inherit;">not</div> separate from the Transactions and evaluated these agreements for off-market terms and <div style="display: inline; font-style: italic; font: inherit;">no</div> such terms were identified. As such, the consideration for the acquisitions was limited to cash consideration, as shown below. The accounting for the Credit Agreement and the BH Lease are described in Notes <div style="display: inline; font-style: italic; font: inherit;">5</div> and <div style="display: inline; font-style: italic; font: inherit;">6.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The following table summarizes the preliminary determination of fair values of the assets and liabilities for the Transactions.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div> <table cellpadding="0pt" cellspacing="0pt" style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; margin-left: 36pt; margin-right: auto; min-width: 700px;"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 86%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid black; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic;">(in Thousands)</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> <td style="width: 12%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Cash and cash equivalents </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">22,293</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Current assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">52,559</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Other assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">12,167</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Property and equipment </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">42,952</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Operating lease assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">7,445</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Advertiser relationships </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">38,780</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Subscriber relationships </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">36,060</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Commercial print relationships </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">17,130</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Mastheads </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">21,680</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Goodwill </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">63,559</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width: 86%; border-top: 1px solid black; border-bottom: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Total assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">314,625</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Current liabilities assumed </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(73,451</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px">Operating lease liabilities</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(6,625</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px">Other liabilities assumed</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(2,246</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Pension obligations </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(43,503</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Postemployment benefit obligations </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(36,800</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width: 86%; padding-left: 0px; border-top: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Total liabilities </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-top: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right; border-top: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(162,625</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-top: 1px solid black;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width: 86%; border-top: 1px solid black; border-bottom: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Net assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">152,000</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width: 86%;">Less: acquired cash</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(22,293</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width: 86%; border-top: 1px solid black; border-bottom: 3px solid black;">Total consideration less acquired cash</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-top: 1px solid black; border-bottom: 3px solid black;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right; border-top: 1px solid black; border-bottom: 3px solid black;"><div style="display: inline; font-style: italic; font: inherit;">129,707</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-top: 1px solid black; border-bottom: 3px solid black;"> </td> </tr> </table> </div> <div style=" text-align: justify; margin-left: 48px; font-family: Arial; font-size: 10pt;">We expect to finalize our determination of fair values and liabilities by the end of fiscal year <div style="display: inline; font-style: italic; font: inherit;">2020.</div></div> <div style=" text-align: justify; margin: 0pt 0pt 0pt 36pt; font-family: Arial; font-size: 10pt; text-indent: 0pt;">For the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020, </div>the revenue and net income included in the Consolidated Income Statement related to the acquirees was <div style="display: inline; font-style: italic; font: inherit;">$14,648,000</div> and <div style="display: inline; font-style: italic; font: inherit;">$1,013,000,</div> respectively.</div> <div style=" text-align: justify; margin-left: 48px; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Pro Forma Information</div></div> <div style=" text-align: justify; margin: 0pt 0pt 0pt 36pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);">The following table sets forth unaudited pro forma results of operations assuming the Transactions, along with the credit arrangements necessary to finance the Transactions, occurred on <div style="display: inline; font-style: italic; font: inherit;"> October 1, 2018, </div>the <div style="display: inline; font-style: italic; font: inherit;">first</div> day of fiscal year <div style="display: inline; font-style: italic; font: inherit;">2019.</div></div> <div style=" text-indent: 0pt; text-align: justify; margin: 0pt 0pt 0pt 36pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"> </div> <div> <table cellpadding="0pt" cellspacing="0pt" style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; margin-left: 36pt; margin-right: auto; min-width: 700px;"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black; border-top: 1px solid black;"> <div style=" margin: 0pt; font-family: Arial, Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black; border-top: 1px solid black;"> <div style=" margin: 0pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </div> </td> <td colspan="10" rowspan="1" style="width: 10%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: center; border-bottom: 1px solid black; border-top: 1px solid black;">Unaudited</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black; border-top: 1px solid black;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 52%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> <td colspan="4" rowspan="1" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: center;">13 Weeks Ended</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> <td colspan="4" rowspan="1" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: center;">26 Weeks Ended</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 52%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;">March 29,</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;">March 31,</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;">March 29,</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;">March 31,</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> <div style="display: inline; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars, Except Per Share Data)</div></div> </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;">2020</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;">2019</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;">2020</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;">2019</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> <div style="display: inline; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">Total revenues</div> </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">207,329</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">230,323</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">442,025</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">494,072</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> <div style="display: inline; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">Income (loss) attributable to Lee Enterprises, Incorporated</div> </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">4,053</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(3,992</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">20,608</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">4,483</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="width: 52%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> <div style="display: inline; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">Earnings per share - diluted</div> </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">0.07</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(0.07</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;">)</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">0.36</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 10%; text-align: right; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">0.08</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid black;"> </td> </tr> </table> </div> <div style=" text-indent: 0pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"> </div> <div style=" text-indent: 0pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);">This pro forma financial information is based on historical results of operations, adjusted for the allocation of the purchase price and other acquisition accounting adjustments. This pro forma information is <div style="display: inline; font-style: italic; font: inherit;">not</div> necessarily indicative of what our results would have been had we operated the businesses since the beginning of the periods presented. The pro forma adjustments reflect the income statement effects of depreciation expense and amortization of intangibles related to the fair value adjustments of the assets acquired, acquisition-related costs, incremental interest expense related to the financing of the Transactions and <div style="display: inline; font-style: italic; font: inherit;">2020</div> Refinancing, the Lease agreement entered into as part of the Transactions, the elimination of certain intercompany activity and the related tax effects of the adjustments.</div> <div style=" text-indent: 0pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"> </div> <div style=" text-indent: 0pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-family:Arial;font-size:10pt;">The only material, nonrecurring adjustments made relate to the write-off of previously unamortized debt-issuance costs as of <div style="display: inline; font-style: italic; font: inherit;"> October 1, 2018 </div>which resulted in the following changes to net income:</div></div> <div style=" text-indent: 0pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"> </div> <table cellpadding="0pt" cellspacing="0pt" style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; margin-left: 36pt; margin-right: auto; min-width: 700px;"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;">•</td> <td style="width: 96%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: justify; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">$10,670,000</div> increase to net income for the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020.</div></td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 96%; text-align: justify; vertical-align: top;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%; vertical-align: top;">•</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 96%; text-align: justify; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">$962,000</div> increase to net income for the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2019.</div></td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 96%; text-align: justify; vertical-align: top;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%; vertical-align: top;">•</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 96%; text-align: justify; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">$11,866,000</div> increase to net income for the <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020.</div></td> </tr> <tr> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%; vertical-align: top;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 96%; text-align: justify; vertical-align: top;"> </td> </tr> <tr> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 2%; vertical-align: top;">•</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 96%; text-align: justify; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">$15,614,000</div> decrease to net income for the <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2019.</div></td> </tr> </table> <div style=" text-indent: 0pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"> </div></div>
314625000
22293000
73451000
21680000
38780000
36060000
17130000
162625000
2246000
42952000
152000000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Business Combinations</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Company accounts for acquisitions in accordance with the provisions of Accounting Standards Codification <div style="display: inline; font-style: italic; font: inherit;">805</div> “Business Combinations” (“ASC <div style="display: inline; font-style: italic; font: inherit;">805”</div>), which provides guidance for recognition and measurement of identifiable assets and goodwill acquired, liabilities assumed, and any noncontrolling interest in the acquiree at fair value. In a business combination, the assets acquired, liabilities assumed and non-controlling interest in the acquiree are recorded as of the date of acquisition at their respective fair values with limited exceptions. Any excess of the purchase price (consideration transferred) over the estimated fair values of net assets acquired is recorded as goodwill. Transaction costs are expensed as incurred. The operating results of the acquired business are reflected in the Company’s Consolidated Financial Statements from the date of the acquisition.</div></div></div>
22293000
8645000
5380000
30824000
16665000
22179000
11285000
4.19
6000000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; margin-right: 0pt; min-width: 700px;"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">13</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top; width: 97%;"> <div style=" text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">COMMITMENTS AND CONTINGENT LIABILITIES</div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Income Taxes</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Commitments exclude unrecognized tax benefits to be recorded in accordance with FASB ASC Topic <div style="display: inline; font-style: italic; font: inherit;">740,</div> <div style="display: inline; font-style: italic;">Income Taxes</div>. We are unable to reasonably estimate the ultimate amount or timing of cash settlements with the respective taxing authorities for such matters. See Note <div style="display: inline; font-style: italic; font: inherit;">9.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We file income tax returns with the Internal Revenue Service (“IRS”) and various state tax jurisdictions. From time to time, we are subject to routine audits by those agencies and those audits <div style="display: inline; font-style: italic; font: inherit;"> may </div>result in proposed adjustments. We have considered the alternative interpretations that <div style="display: inline; font-style: italic; font: inherit;"> may </div>be assumed by the various taxing agencies, believe our positions taken regarding our filings are valid, and that adequate tax liabilities have been recorded to resolve such matters. However, the actual outcome cannot be determined with certainty and the difference could be material, either positively or negatively, to the Consolidated Statements of Operations and Comprehensive Income (Loss) in the periods in which such matters are ultimately determined. We do <div style="display: inline; font-style: italic; font: inherit;">not</div> believe the final resolution of such matters will be material to our consolidated financial position or cash flows.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We have various income tax examinations ongoing and at various stages of completion, but generally our income tax returns have been audited or closed to audit through <div style="display: inline; font-style: italic; font: inherit;">2014.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Legal Proceedings</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We are involved in a variety of legal actions that arise in the normal course of business. Insurance coverage mitigates potential loss for certain of these matters. While we are unable to predict the ultimate outcome of these legal actions, it is our opinion that the disposition of these matters will <div style="display: inline; font-style: italic; font: inherit;">not</div> have a material adverse effect on our Consolidated Financial Statements, taken as a whole.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Multiemployer Pension Plans</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We effectuated a total withdrawal from CWA/ITU plan in <div style="display: inline; font-style: italic; font: inherit;">2019.</div> As a result, we are subject to a claim from the multiemployer pension plan for a withdrawal liability. The amount and timing of such liability will be dependent on actions taken, or <div style="display: inline; font-style: italic; font: inherit;">not</div> taken, by the Company and the pension plan, as well as the future investment performance, the funding status of the plan and the effect (if any) of the Transactions on the prior withdrawal liability. We have accrued a liability of <div style="display: inline; font-style: italic; font: inherit;">$3,255,000</div> related to this withdrawal, as of <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020. </div>The withdrawal liability determined to be due under this plan will be funded over a period of <div style="display: inline; font-style: italic; font: inherit;">20</div> years.</div></div>
0.01
0.01
120000000
120000000
58136000
57646000
58136000
57646000
581000
577000
-5051000
-2800000
587000
7439000
7994000
1980000
-3589000
0
1107000
58563000
21720000
4460000
17858000
10847000
10684000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; font-family: Arial; font-size: 10pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial; font-size: 10pt; vertical-align: top;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">5</div></div></td> <td style="font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">DEBT</div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">On <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>in connection with the closing of the Transactions, the Company completed a comprehensive refinancing of its debt (the <div style="display: inline; font-style: italic; font: inherit;">“2020</div> Refinancing”). The <div style="display: inline; font-style: italic; font: inherit;">2020</div> Refinancing consists of a <div style="display: inline; font-style: italic; font: inherit;">25</div>-year term loan with BH Finance LLC (“BH Finance”), an affiliate of Berkshire, in an aggregate principal amount of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">576,000,000</div></div> at a <div style="display: inline; font-style: italic; font: inherit;">9%</div> annual rate (referred to herein as “Credit Agreement” and “Term Loan”). The proceeds of the Term Loan were utilized, along with cash on hand, to refinance the Company's <div style="display: inline; font-style: italic; font: inherit;">$431,502,000</div> in existing debt as well as the acquisition of the BH Media Newspaper Business assets and the stock of the Buffalo News for <div style="display: inline; font-style: italic; font: inherit;">$140,000,000</div> in cash. With the closing of this deal, BH Finance became Lee's sole lender. Proceeds of the Term Loan were used to finance the Transactions and refinance all of the Company’s outstanding debt at par, including:</div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <table style="; font-family: Arial; font-size: 10pt; margin-left: 36pt; margin-right: auto; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 2%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 2%; vertical-align: top; font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; margin-right: 14.7pt; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; font-size: 10pt;">•</div> </td> <td style="vertical-align: top; font-family: Arial; font-size: 10pt; width: 96%;"> <div style=" font-family: Arial; margin-right: 14.7pt; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; font-size: 10pt;">To redeem the <div style="display: inline; font-style: italic; font: inherit;">9.5%</div> senior secured notes (“Notes”) pursuant to an indenture dated as of <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2014 (</div>the “Indenture”);</div> </td> </tr> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 2%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 2%; vertical-align: top; font-family: Arial; font-size: 10pt;"> </td> <td style="vertical-align: top; font-family: Arial; font-size: 10pt; width: 96%;"> </td> </tr> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 2%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 2%; vertical-align: top; font-family: Arial; font-size: 10pt;">•</td> <td style="vertical-align: top; font-family: Arial; font-size: 10pt; width: 96%;">To repay the <div style="display: inline; font-style: italic; font: inherit;">12.0%</div> <div style="display: inline; font-style: italic; font: inherit;">second</div> lien term loan pursuant to a Second Lien Term Loan Agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2014, </div>as amended (the <div style="display: inline; font-style: italic; font: inherit;">“2</div><div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align:top;line-height:120%;font-size:pt">nd</div> Lien Term Loan”).</td> </tr> </table> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);">There was <div style="display: inline; font-style: italic; font: inherit;">no</div> gain or loss recognized upon extinguishment of the Indenture and the <div style="display: inline; font-style: italic; font: inherit;">2nd</div> Lien Term Loan.</div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);">As a result of the <div style="display: inline; font-style: italic; font: inherit;">2020</div> Refinancing, the Indenture, First Lien Credit Agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2014 (</div>the <div style="display: inline; font-style: italic; font: inherit;">“1</div><div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align:top;line-height:120%;font-size:pt">st</div> Lien Credit Facility”) and <div style="display: inline; font-style: italic; font: inherit;">2</div><div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align:top;line-height:120%;font-size:pt">nd</div> Lien Loan Agreement were terminated, and BH Finance is the Company’s sole lender. The Credit Agreement documents the primary terms of the Term Loan. The Term Loan matures on <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2045.</div></div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;">Debt is summarized as follows:</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"> </div> <div> <table style="margin: 0pt auto 0pt 36pt; font-size: 10pt; font-family: Arial; text-indent: 0px; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">September 29,</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">Interest</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">Rates (%)</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;">Term Loan</td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">576,000</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">9.0</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Revolving Facility</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Notes</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">363,420</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9.5</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2nd Lien Term Loan</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">80,207</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">12.0</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">576,000</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">443,627</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Unamortized debt issue costs</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(11,282</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less current maturities of long-term debt</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,954</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total long-term debt</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">576,000</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">429,391</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">As part of our refinancing, we incurred approximately <div style="display: inline; font-style: italic; font: inherit;">$417,000</div> in debt financing costs, which are reflected in Debt financing and administrative costs. On <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020, </div>we recognized <div style="display: inline; font-style: italic; font: inherit;">$9,583,000</div> in Debt financing and administrative costs related to previously unamortized debt issuance costs related to extinguished debt.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Our weighted average cost of debt at <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> is <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">9.0</div></div>%.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">At <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div>, there are <div style="display: inline; font-style: italic; font: inherit;">no</div> required debt payments. Future payments are contingent on the Company’s ability to generate future excess cash flow, as defined in the Credit Agreement.</div> <div style=" margin: 0pt; font-family: Arial; font-size: 10pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Interest</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Interest on the Term Loan bears interest at a fixed annual rate of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">9.0</div></div>%, payable monthly, and matures in <div style="display: inline; font-style: italic; font: inherit;"> March 2045.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt; text-align: center; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Principal Payments</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Voluntary payments under the Credit Agreement are <div style="display: inline; font-style: italic; font: inherit;">not</div> subject to call premiums and are payable at par.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Excluding the Excess Cash Flow payments described below, there are <div style="display: inline; font-style: italic; font: inherit;">no</div> scheduled mandatory principal payments required under the Credit Agreement. The Company is required to make mandatory pre-payments of the Term Loan as follows:</div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <table style="; font-family: Arial; font-size: 10pt; margin-left: 36pt; margin-right: auto; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 2%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 2%; vertical-align: top; font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; margin-right: 14.7pt; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; font-size: 10pt;">•</div> </td> <td style="vertical-align: top; font-family: Arial; font-size: 10pt; width: 96%;"> <div style=" font-family: Arial; margin-right: 14.7pt; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify;">The Company must prepay the Term Loan in an aggregate amount equal to <div style="display: inline; font-style: italic; font: inherit;">100%</div> of any Net Cash Proceeds received by the Company or any subsidiary from a sale, transfer, license, lease or other disposition of any property of the Company or any subsidiary in excess of <div style="display: inline; font-style: italic; font: inherit;">$500,000</div> in any <div style="display: inline; font-style: italic; font: inherit;">ninety</div> (<div style="display: inline; font-style: italic; font: inherit;">90</div>) day period.</div> </td> </tr> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 2%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 2%; vertical-align: top; font-family: Arial; font-size: 10pt;"> </td> <td style="vertical-align: top; font-family: Arial; font-size: 10pt; text-align: justify; width: 96%;"> </td> </tr> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 2%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 2%; vertical-align: top; font-family: Arial; font-size: 10pt;">•</td> <td style="vertical-align: top; font-family: Arial; font-size: 10pt; text-align: justify; width: 96%;">Beginning on <div style="display: inline; font-style: italic; font: inherit;"> June 28, 2020, </div>the Company is required to prepay the Term Loan with excess cash flow, defined as cash on the balance sheet in excess of <div style="display: inline; font-style: italic; font: inherit;">$20,000,000</div> (“Excess Cash Flow”). Excess Cash Flow is used to prepay the Term Loan, at par, and is due within <div style="display: inline; font-style: italic; font: inherit;">50</div>-days of quarter end. </td> </tr> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 2%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 2%; vertical-align: top; font-family: Arial; font-size: 10pt;"> </td> <td style="vertical-align: top; font-family: Arial; font-size: 10pt; text-align: justify; width: 96%;"> </td> </tr> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 2%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 2%; vertical-align: top; font-family: Arial; font-size: 10pt;">•</td> <td style="vertical-align: top; font-family: Arial; font-size: 10pt; text-align: justify; width: 96%;">If there is a Change of Control (as defined in the Credit Agreement), BH Finance has the option to require the Company to prepay the Term Loan in cash equal to <div style="display: inline; font-style: italic; font: inherit;">105%</div> of the unpaid principal balance, plus accrued and unpaid interest.</td> </tr> </table> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);">During the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13</div> and <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div>, payments on the Term Loan totaled <div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">$0</div>.</div></div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);">The Company <div style="display: inline; font-style: italic; font: inherit;"> may, </div>upon notice to BH Finance, at any time or from time to time, voluntarily prepay the Term Loan in whole or in part, at par, provided that any voluntary prepayment of the Term Loan shall be accompanied by payment of all accrued interest on the amount of principal prepaid to the date of prepayment<div style="display: inline; font-weight: bold;">.</div></div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" margin: 0pt; text-align: center; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Covenants and Other Matters</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Credit Agreement contains certain customary representations and warranties, certain affirmative and negative covenants and certain conditions, including restrictions on incurring additional indebtedness, creating certain liens, making certain investments or acquisitions, issuing dividends, repurchasing shares of stock of the Company and certain other capital transactions. Certain existing and future direct and indirect material domestic subsidiaries of the Company are guarantors of the Company’s obligations under the Credit Agreement.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Credit Agreement restricts us from paying dividends on our Common Stock. This restriction does <div style="display: inline; font-style: italic; font: inherit;">not</div> apply to dividends issued with the Company’s Equity Interests or from the proceeds of a sale of the Company’s Equity Interests. Further, the Credit Agreement restricts or limits, among other things, subject to certain exceptions, the ability of the Company and its subsidiaries to: (i) incur additional indebtedness, (ii) make certain investments, (iii) enter into mergers, acquisitions and asset sales, (iv) incur or create liens and (v) enter into transactions with certain affiliates. The Credit Agreement contains various representation and warranties by the Company and <div style="display: inline; font-style: italic; font: inherit;"> may </div>be terminated upon the occurrence of certain events of default, including non-payment. The Credit Agreement also contains cross-default provisions tied to other agreements with BH Finance entered into by the Company and its subsidiaries in connection with the <div style="display: inline; font-style: italic; font: inherit;">2020</div> Refinancing.</div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" margin: 0pt; text-align: center; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Security</div></div> <div style=" margin: 0pt; text-align: center; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; font-family: Arial; font-size: 10pt; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0); text-align: justify;">The Term Loan is fully and unconditionally guaranteed on a joint and several <div style="display: inline; font-style: italic; font: inherit;">first</div>-priority basis by the Company's material domestic subsidiaries (excluding MNI and TNI, the “Subsidiary Guarantors”), pursuant to a Guarantee and Collateral agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 (</div>the “Guarantee and Collateral Agreement”). The Term Loan and the subsidiary guarantees are secured, subject to certain exceptions, priorities and limitations, by perfected security interests in substantially all property and assets, including certain real estate, of the Company and the Subsidiary Guarantors.</div> <div style=" margin: 0pt 0pt 0pt 36pt; font-family: Arial; font-size: 10pt; text-align: left; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; font-family: Arial; font-size: 10pt; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0); text-align: justify;">Also, the Term Loan is secured, subject to certain exceptions, priorities and limitations in the various agreements, by <div style="display: inline; font-style: italic; font: inherit;">first</div>-priority security interests in the capital stock of, and other equity interests owned by, the Company and the Subsidiary Guarantors (excluding the capital stock of MNI and TNI).</div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Liquidity</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Pursuant to the terms of the Credit Agreement, our new debt does <div style="display: inline; font-style: italic; font: inherit;">not</div> include a revolver. As part of the Credit Agreement, by <div style="display: inline; font-style: italic; font: inherit;"> June 30, 2020 </div>we are required to cash collateralize all letters of credit which were previously collateralized by a revolving credit facility.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Including cash, our liquidity at <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> totals <div style="display: inline; background-color: rgb(255, 255, 255); font-family: Arial; font-size: 10pt;">$</div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">30,824,000</div></div>. This liquidity amount excludes any future cash flows. We expect all interest and principal payments due in the next <div style="display: inline; font-style: italic; font: inherit;">twelve</div> months will be satisfied by existing cash and our cash flows, which will allow us to maintain an adequate level of liquidity. The Warrants, if and when exercised, would provide additional liquidity in an amount up to $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">25,140,000</div></div>, which is <div style="display: inline; font-style: italic; font: inherit;">not</div> considered in the calculation of Excess Cash Flow.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">There are numerous potential consequences under the Term Loan if an event of default, as defined, occurs and is <div style="display: inline; font-style: italic; font: inherit;">not</div> remedied. Many of those consequences are beyond our control. The occurrence of <div style="display: inline; font-style: italic; font: inherit;">one</div> or more events of default would give rise to the right of BH Finance to exercise their remedies under the credit agreement including, without limitation, the right to accelerate all outstanding debt and take actions authorized in such circumstances under applicable collateral security documents.</div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: left;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Our ability to operate as a going concern is dependent on our ability to remain in compliance with debt covenants and to repay, refinance or amend our debt agreements as they become due. The New Debt has only limited affirmative covenants with which we are required to maintain compliance and there are <div style="display: inline; font-style: italic; font: inherit;">no</div> leverage or financial performance covenants. We are in compliance with our debt covenants at <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div>.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; font-family: Arial; font-size: 10pt; text-align: justify; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Warrants</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">In connection with the <div style="display: inline; font-style: italic; font: inherit;">2</div><div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align:top;line-height:120%;font-size:pt">nd</div> Lien Term Loan, we entered into a Warrant Agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2014 (</div>the “Warrant Agreement”). Under the Warrant Agreement, certain affiliates or designees of the <div style="display: inline; font-style: italic; font: inherit;">2</div><div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align:top;line-height:120%;font-size:pt">nd</div> Lien Lenders received on <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2014 </div>their pro rata share of warrants to purchase, in cash, an initial aggregate of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">6,000,000</div></div> shares of Common Stock, subject to adjustment pursuant to anti-dilution provisions (the “Warrants”). The Warrants represent, when fully exercised, approximately <div style="display: inline; font-style: italic; font: inherit;">10.4%</div> of shares of Common Stock outstanding at <div style="display: inline; font-style: italic; font: inherit;"> March 30, 2014 </div>on a fully diluted basis. The exercise price of the Warrants is $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">4.19</div></div> per share.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Warrant Agreement contains provisions requiring the Warrants to be measured at fair value and included in warrants and other liabilities in our Consolidated Balance Sheets. We re-measure the fair value of the liability each reporting period, with changes reported in other, net non-operating income (expense). The initial fair value of the Warrants was $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">16,930,000</div></div>. See Note <div style="display: inline; font-style: italic; font: inherit;">12.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">In connection with the issuance of the Warrants, we entered into a Registration Rights Agreement dated as of <div style="display: inline; font-style: italic; font: inherit;"> March </div><div style="display: inline; font-style: italic; font: inherit;">31,</div> <div style="display: inline; font-style: italic; font: inherit;">2014</div> (the “Registration Rights Agreement”). The Registration Rights Agreement requires, among other matters, that we use our commercially reasonable efforts to maintain the effectiveness for certain specified periods of a shelf registration statement related to the shares of Common Stock to be issued upon exercise of the Warrants.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div></div>
431502000
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Advertising and marketing services revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">60,945</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">62,934</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">126,672</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">138,897</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Subscription revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">46,443</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">45,076</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">88,138</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">91,345</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">TownNews and other digital services revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,211</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,744</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,429</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,421</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Other revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">8,768</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">9,950</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">18,471</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">19,242</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total operating revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">121,367</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">122,704</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">243,710</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">258,905</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-family: Arial; font-size: 10pt; min-width: 700px;"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">11</div></div></div></div> </td> <td style="font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;">STOCK OWNERSHIP PLANS</div></div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;"> </div></div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">A summary of stock option activity during the </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div><div style="display: inline; color:#000000;"> follows:</div></div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div> <table cellpadding="0pt" cellspacing="0pt" style="; text-indent: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt auto 0pt 36pt; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 48%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div style=" font-family: Arial; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic;">(Thousands of Dollars and Shares, Except Per Share Data)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div style=" margin: 0pt; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Shares</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Weighted Average Exercise Price</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Weighted Average Remaining Contractual Term (Years)</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Aggregate Intrinsic Value</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Outstanding, September 29, 2019</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">809</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1.82</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Exercised</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cancelled</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Outstanding, March 29, 2020</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">809</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">1.82</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">1.4</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Exercisable, March 29, 2020</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">809</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1.82</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1.4</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table> </div> <div style=" margin: 0pt; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;">Restricted Common Stock</div></div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;"> </div></div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">The table below summarizes restricted Common Stock activity during the </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div><div style="display: inline; color:#000000;">:</div></div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; font-family: Arial; font-size: 10pt; margin-right: 5%; margin-left: 36pt; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 74%; font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> <div style=" font-family: Arial; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic;">(Thousands of Shares, Except Per Share Data)</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> <div style=" margin: 0pt; text-align: right; font-family: Arial; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Shares</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Weighted Average Grant Date Fair Value</div></td> <td style="font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Outstanding, September 29, 2019</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,477</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2.49</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Vested</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(601</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1.94</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Granted</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">720</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1.62</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cancelled</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><div style="display: inline; font-style: italic; font: inherit;">(24</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">)</td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><div style="display: inline; font-style: italic; font: inherit;">2.49</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Outstanding, March 29, 2020</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"><div style="display: inline; font-style: italic; font: inherit;">1,572</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"><div style="display: inline; font-style: italic; font: inherit;">2.15</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> </tr> </table> </div> <div style=" margin: 0pt; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">Total unrecognized compensation expense for unvested restricted Common Stock at </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div><div style="display: inline; color:#000000;"> is $</div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">1,764,000</div></div><div style="display: inline; color:#000000;">, which will be recognized over a weighted average period of </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">1.8</div></div><div style="display: inline; color:#000000;"> years.</div></div></div>
-0.09
-0.05
0
0.14
-0.09
-0.05
0
0.14
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; text-indent: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; margin-right: 0pt; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="vertical-align: top; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">10</div></div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;">EARNINGS PER COMMON SHARE</div></div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">The following table sets forth the computation of basic and diluted earnings per common share:</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div> <table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars and Shares, Except Per Share Data)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income attributable to Lee Enterprises, Incorporated:</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(5,367</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,678</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(46</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">7,683</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Weighted average common shares</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">58,136</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">57,703</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">57,931</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">57,501</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less weighted average restricted Common Stock</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,572</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,095</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,515</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,097</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Basic average common shares</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">56,564</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">55,608</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">56,416</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">55,404</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Dilutive stock options and restricted Common Stock</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">382</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">585</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,287</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Diluted average common shares</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">56,946</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">55,608</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">57,001</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">56,691</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Earnings per common share:</div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Basic</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(0.09</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(0.05</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(0.00</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">0.14</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Diluted</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(0.09</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(0.05</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(0.00</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">0.14</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap"> </td> </tr> </table> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">For the </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13</div> and <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div><div style="display: inline; color:#000000;">, <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">6,954,300</div></div></div><div style="display: inline; color:#000000;"> and <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">6,393,966</div></div> shares, respectively, were <div style="display: inline; font-style: italic; font: inherit;">not</div> considered in the computation of diluted earnings per common share because the exercise prices of the related stock options and Warrants were in excess of the fair market value of our Common Stock. For the </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13</div> and <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019</div></div><div style="display: inline; color:#000000;">, <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">6,000,000</div></div> and <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">6,000,000</div></div> shares, respectively, were <div style="display: inline; font-style: italic; font: inherit;">not</div> considered in the computation of diluted earnings per common share because the exercise prices of the related stock options and Warrants were in excess of the fair market value of our Common Stock.</div></div></div>
0.318
-1.716
-0.072
0.358
1764000
P1Y292D
953000
1957000
1691000
2506000
1000000
750000
1000000
1500000
0.5
0.5
28982000
28742000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">3</div> </div></div> </td> <td> <div style=" margin: 0pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">INVESTMENTS IN ASSOCIATED COMPANIES</div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">TNI Partners</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">In Tucson, Arizona, TNI, acting as agent for our subsidiary, Star Publishing Company (“Star Publishing”), and Citizen Publishing Company (“Citizen”), a subsidiary of Gannett Co. Inc., is responsible for printing, delivery, advertising, and subscription activities of the <div style="display: inline; font-style: italic;">Arizona Daily Star </div>as well as the related digital platforms and specialty publications. TNI collects all receipts and income and pays substantially all operating expenses incident to the partnership's operations and publication of the newspaper and other media.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Income or loss of TNI (before income taxes) is allocated equally to Star Publishing and Citizen.</div> <div style=" margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;">Summarized results of TNI are as follows:</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,185</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">11,480</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">20,381</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">23,644</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">7,766</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">8,832</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">15,931</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">17,928</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating income</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,419</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,648</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">4,450</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">5,716</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Company's 50% share of operating income</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,210</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,323</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,225</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,858</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less amortization of intangible assets</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">105</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">105</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">210</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">209</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Equity in earnings of TNI</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,105</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,218</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,015</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,649</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> </table> </div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">TNI makes weekly distributions of its earnings and for the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019</div></div>, we received $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">953,000</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">1,957,000</div></div> in distributions, respectively. In the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019</div></div>, we received $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">1,691,000</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2,506,000</div></div> in distributions, respectively.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Madison Newspapers, Inc.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We have a <div style="display: inline; font-style: italic; font: inherit;">50%</div> ownership interest in MNI, which publishes daily and Sunday newspapers, and other publications in Madison, Wisconsin, and other Wisconsin locations, and operates their related digital platforms. Net income or loss of MNI (after income taxes) is allocated equally to us and The Capital Times Company (“TCT”). MNI conducts its business under the trade name Capital Newspapers.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Summarized results of MNI are as follows:</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">12,325</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,092</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">26,250</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">27,918</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating expenses, excluding restructuring costs, depreciation and amortization</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">11,561</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">11,579</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">23,681</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">24,272</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Restructuring costs</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">38</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">68</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Depreciation and amortization</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">197</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">280</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">341</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">559</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating income</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">567</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,195</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,228</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">3,019</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net income</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">514</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">996</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,830</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,394</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Equity in earnings of MNI</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">257</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">499</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">915</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,197</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> </table> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">MNI makes quarterly distributions of its earnings and in the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019</div></div>, we received dividends of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">1,000,000</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">750,000</div></div>, respectively. In the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019</div></div>, we received dividends of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">1,000,000</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">1,500,000</div></div> respectively.</div></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,185</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">11,480</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">20,381</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">23,644</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating expenses</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">7,766</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">8,832</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">15,931</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">17,928</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating income</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,419</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,648</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">4,450</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">5,716</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Company's 50% share of operating income</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,210</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,323</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,225</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,858</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less amortization of intangible assets</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">105</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">105</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">210</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">209</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Equity in earnings of TNI</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,105</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,218</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,015</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,649</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">12,325</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,092</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">26,250</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">27,918</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating expenses, excluding restructuring costs, depreciation and amortization</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">11,561</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">11,579</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">23,681</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; vertical-align: top;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; vertical-align: top;"><div style="display: inline; font-style: italic; font: inherit;">24,272</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Restructuring costs</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">38</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">68</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Depreciation and amortization</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">197</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">280</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">341</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">559</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating income</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">567</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,195</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,228</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">3,019</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net income</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">514</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">996</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,830</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,394</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Equity in earnings of MNI</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">257</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">499</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">915</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,197</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> </table></div>
9613000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; font-family: Arial; font-size: 10pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">12</div></div></div></div> </td> <td style="font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-weight: bold;">FAIR VALUE MEASUREMENTS</div></div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">We utilize FASB ASC Topic <div style="display: inline; font-style: italic; font: inherit;">820,</div><div style="display: inline; font-style: italic;"> Fair Value Measurements and Disclosures</div>, to measure and report fair value. FASB ASC Topic <div style="display: inline; font-style: italic; font: inherit;">820</div> defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. FASB ASC Topic <div style="display: inline; font-style: italic; font: inherit;">820</div> establishes a <div style="display: inline; font-style: italic; font: inherit;">three</div>-level hierarchy of fair value measurements based on whether the inputs to those measurements are observable or unobservable, which consists of the following levels:</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 27pt 0pt 63pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-style: italic;">Level <div style="display: inline; font-style: italic; font: inherit;">1</div></div> - Quoted prices for identical instruments in active markets.</div></div> <div style=" margin: 0pt 27pt 0pt 63pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 27pt 0pt 63pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-style: italic;">Level <div style="display: inline; font-style: italic; font: inherit;">2</div></div> - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are <div style="display: inline; font-style: italic; font: inherit;">not</div> active; and model-derived valuations in which all significant inputs are observable in active markets.</div></div> <div style=" margin: 0pt 27pt 0pt 63pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 27pt 0pt 63pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;"><div style="display: inline; font-style: italic;">Level <div style="display: inline; font-style: italic; font: inherit;">3</div></div> - Valuations derived from valuation techniques in which <div style="display: inline; font-style: italic; font: inherit;">one</div> or more significant inputs are unobservable.</div></div> <div style=" margin: 0pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">The following methods and assumptions are used to estimate the fair value of each class of financial instruments for which it is practicable to estimate value.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">The carrying amounts of cash equivalents, accounts receivable and accounts payable approximate fair value because of the short maturity of those instruments. Investments totaling $</div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">6,068,000</div></div><div style="display: inline; color:#000000;">, including our </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">17%</div></div><div style="display: inline; color:#000000;"> ownership of the non-voting common stock of TCT and a private equity investment, are carried at cost. As of </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div><div style="display: inline; color:#000000;">, based on the most recent data available, the approximate fair value of the private equity investment is $</div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">9,613,000</div></div><div style="display: inline; color:#000000;"> which is a level <div style="display: inline; font-style: italic; font: inherit;">3</div> fair value measurement. Fair value of the remaining investments approximates book value.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">Our fixed rate debt consists of <div style="display: inline; font-style: italic; font: inherit;">$576,000,000</div> </div><div style="display: inline; color:#000000;">principal amount of the Term Loan recorded at carrying value, which approximates fair value. This represents a level <div style="display: inline; font-style: italic; font: inherit;">3</div> fair value measurement. </div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; color:#000000;">As discussed more fully in Note <div style="display: inline; font-style: italic; font: inherit;">5,</div> we recorded a liability for the Warrants issued in connection with the Warrant Agreement. The liability was initially measured at its fair value and we re-measure the liability to fair value each reporting period, with changes reported in other non-operating income (expense). The initial fair value of the Warrants was $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">16,930,000</div></div>. The fair value of Warrants at </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div><div style="display: inline; color:#000000;"> and</div><div style="display: inline;"> <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> December 29, 2019</div></div></div><div style="display: inline; color:#000000;"> are $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">158,000</div></div></div><div style="display: inline; color:#000000;"> and </div><div style="display: inline; background-color:null;"><div style="display: inline; color:#000000;">$<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">178,000</div></div></div></div><div style="display: inline; color:#000000;">, respectively. Fair value is determined using the Black-Scholes option pricing model. These represent level <div style="display: inline; font-style: italic; font: inherit;">2</div> fair value measurements.</div></div></div>
P5Y146D
P4Y328D
P6Y146D
P8Y255D
620443000
611786000
28562000
28524000
26965000
20355000
22614000
23393000
24382000
790586000
697145000
28675000
28675000
6113000
-83000
5299000
17000
0
63559000
250309000
313868000
63559000
63559000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">4</div></div></div> </td> <td> <div style=" text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">GOODWILL AND OTHER INTANGIBLE ASSETS</div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Changes in the carrying amount of goodwill are as follows:</div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div> <table cellpadding="0pt" cellspacing="0pt" style="; text-indent: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt auto 0pt 36pt; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="margin: 0px; padding-top: 0px; padding-right: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="margin: 0px; padding-top: 0px; padding-right: 0px; padding-left: 0px; width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="margin: 0px; padding-top: 0px; padding-right: 0px; padding-left: 0px; width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td nowrap="nowrap" style="margin: 0px; padding: 0px; width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></td> <td nowrap="nowrap" style="margin: 0px; padding: 0px 0px 1px; width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td nowrap="nowrap" style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 87%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div style=" font-family: Arial; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div style=" margin: 0pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Goodwill, gross amount</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,539,038</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accumulated impairment losses</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,288,729</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0">Goodwill, beginning of period</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">250,309</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">Goodwill acquired in business combinations</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">63,559</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Goodwill, end of period</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">313,868</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table> </div> <div style=" margin: 0pt; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Identified intangible assets consist of the following:</div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"> </div> <div> <table style="margin-left: 36pt; text-indent: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="vertical-align: bottom; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;">March 29,</div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;">September 29,</div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;">2020</div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;">2019</div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Non-amortized intangible assets:</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Mastheads</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">42,722</div></div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">21,883</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Amortizable intangible assets:</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Customer and newspaper subscriber lists</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">790,586</div></div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">697,145</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Less accumulated amortization</div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">620,443</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">611,786</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">170,143</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">85,359</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Non-compete and consulting agreements</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">28,675</div></div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">28,675</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Less accumulated amortization</div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">28,562</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">28,524</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">113</div></div> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">151</div></div> </td> </tr> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="vertical-align: middle; width: 61.5%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: left;">Other intangible assets, net</div> </td> <td style="vertical-align: middle; width: 15.7%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">212,978</div></div> </td> <td style="vertical-align: middle; width: 22.8%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">107,393</div></div> </td> </tr> </table> </div> <div style=" margin: 0pt; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Company recognized <div style="display: inline; font-style: italic; font: inherit;">$38,780,000</div> of advertiser relationships, <div style="display: inline; font-style: italic; font: inherit;">$36,060,000</div> of subscriber relationships, <div style="display: inline; font-style: italic; font: inherit;">$17,130,000</div> of commercial print relationships and <div style="display: inline; font-style: italic; font: inherit;">$21,680,000</div> of indefinite-lived masthead assets as part of the Transactions.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Annual amortization of intangible assets for the <div style="display: inline; font-style: italic; font: inherit;">five</div> years ending <div style="display: inline; font-style: italic; font: inherit;"> December </div><div style="display: inline; font-style: italic; font: inherit;">2021</div> to <div style="display: inline; font-style: italic; font: inherit;"> December </div><div style="display: inline; font-style: italic; font: inherit;">2025</div> is estimated to be $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">26,965,000</div></div>, $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">24,382,000</div></div>, $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">23,393,000</div></div>, $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">22,614,000</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">20,355,000</div></div>, respectively. The weighted average amortization period for those amortizable assets acquired as part of the Transactions is <div style="display: inline; font-style: italic; font: inherit;">9.2</div> years.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">As of <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020, </div>the weighted average amortization periods for amortizable intangible assets are <div style="display: inline; font-style: italic; font: inherit;">5.4</div> years for advertiser relationships, <div style="display: inline; font-style: italic; font: inherit;">4.9</div> years for customer relationships, <div style="display: inline; font-style: italic; font: inherit;">8.7</div> years for subscriber relationships. The weighted average amortization period in total for all amortizable intangible assets is <div style="display: inline; font-style: italic; font: inherit;">6.4</div> years.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The Company recognized $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">63,559</div></div><div style="display: inline; font-style: italic; font: inherit;">,000</div> of Goodwill as part of the Transactions. The value of the acquired Goodwill is primarily related to an assembled workforce and expected synergies from combining operations. For tax purposes, the amount of Goodwill that is expected to be deductible is $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">28,118</div></div><div style="display: inline; font-style: italic; font: inherit;">,000.</div> Refer to Note <div style="display: inline; font-style: italic; font: inherit;">8</div> for more information regarding preliminary purchase accounting for the Transactions.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div></div>
1539038000
1288729000
-7321000
-2171000
268000
13062000
7321000
268000
2171000
13062000
1362000
1717000
2931000
3846000
1105000
1218000
2015000
2649000
257000
499000
915000
1197000
-85000
-303000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-family: Arial; font-size: 10pt; min-width: 700px;"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">9</div></div></div> </td> <td style="font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">INCOME TAXES</div></div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; text-indent: -36pt; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-family:Arial;font-size:10pt;">We recorded an income tax <div style="display: inline;">benefit</div> </div><div style="display: inline; font-family: Arial; font-size: 10pt;">of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2,331,000</div></div> related to <div style="display: inline;">a loss</div></div><div style="display: inline; font-family: Arial; font-size: 10pt;"> before taxes of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">7,321,000</div></div></div><div style="display: inline; font-family: Arial; font-size: 10pt;"> for the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div></div><div style="display: inline; font-family: Arial; font-size: 10pt;">, and an income tax <div style="display: inline;">benefit</div> of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">460,000</div></div> related to <div style="display: inline;">income</div> before taxes of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">268,000</div></div> for the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div></div><div style="display: inline; font-family: Arial; font-size: 10pt;">. For the <div style="display: inline; font-style: italic; font: inherit;">13</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019</div></div><div style="display: inline; font-family: Arial; font-size: 10pt;">, we recorded an income tax <div style="display: inline;">expense</div> of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">156,000</div></div></div><div style="display: inline; font-family: Arial; font-size: 10pt;"> related to <div style="display: inline;">a loss</div> before taxes of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">2,171,000</div></div></div><div style="display: inline; font-family: Arial; font-size: 10pt;"> and an income tax <div style="display: inline;">expense</div> of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">4,670,000</div></div> related to <div style="display: inline;">income</div> of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13,062,000</div></div> for the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019</div></div></div><div style="display: inline; font-family: Arial; font-size: 10pt;">.</div> <div style="display: inline; font-family: Arial; font-size: 10pt;">The effective income tax rate for the </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13</div> and <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div><div style="display: inline; font-family: Arial; font-size: 10pt;"> was <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">31.8%</div></div></div><div style="display: inline; font-family: Arial; font-size: 10pt;"> and negative <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">171.6%</div></div>, respectively. The effective income tax rate for the </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13</div> and <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2019</div></div><div style="display: inline; font-family: Arial; font-size: 10pt;"> was negative </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">7.2%</div></div><div style="display: inline; font-family: Arial; font-size: 10pt;"> and <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">35.8%</div></div></div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-family: Arial; font-size: 10pt;">The primary differences between these rates and the U.S. federal statutory rate of <div style="display: inline; font-style: italic; font: inherit;">21%</div> are due to the effect of state taxes, non-deductible expenses, adjustments to reserves for uncertain tax positions, including any related interest, mark-to-market adjustments to value the Warrants and certain adjustments made to reflect the impact of the Transactions.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The CARES Act was enacted on <div style="display: inline; font-style: italic; font: inherit;"> March 27, 2020. </div>The Company anticipates that it will realize benefits under the CARES Act related to payroll taxes, including deferrals of certain employer payroll tax payments in <div style="display: inline; font-style: italic; font: inherit;">2020</div> to the end of <div style="display: inline; font-style: italic; font: inherit;">2021</div> and <div style="display: inline; font-style: italic; font: inherit;">2022.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-family: Arial; font-size: 10pt;"> </div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-family: Arial; font-size: 10pt;">We file a consolidated federal tax return, as well as combined and separate tax returns in approximately <div style="display: inline; font-style: italic; font: inherit;">27</div> state and local jurisdictions. We do <div style="display: inline; font-style: italic; font: inherit;">not</div> currently have any federal tax examinations in progress. California is the only state with an income tax examination currently in progress. Our income tax returns have generally been audited or closed to audit through <div style="display: inline; font-style: italic; font: inherit;">2012.</div> See Note <div style="display: inline; font-style: italic; font: inherit;">12</div> for a discussion of our tax audits.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 0pt; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-family: Arial; font-size: 10pt;">At </div><div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> September 29, 2019</div></div><div style="display: inline; font-family: Arial; font-size: 10pt;">, we had approximately <div style="display: inline; font-style: italic; font: inherit;">$63,048,000</div> of state net operating loss benefits. The Company consumed its federal net operating losses in the year ended <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2018.</div></div></div></div>
-2331000
-460000
156000
4670000
-8134000
-3051000
6918000
545000
-1610000
-2039000
-2157000
2989000
-1237000
-663000
382000
585000
1287000
42722000
21883000
212978000
107393000
11127000
12140000
22242000
24397000
2016000
1903000
8530000
3769000
6068000
48691000
47785000
91934000
94824000
19106000
16979000
2303000
3605000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 68%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating lease costs</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,742</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,711</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Variable lease costs</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">295</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">575</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Short-term lease costs</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">266</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">319</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total Operating Lease Expense</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,303</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">3,605</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 68%; border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cash paid for amounts included in the measurement of lease liabilities:</div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating cash outflow from operating leases</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">2,375</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">3,266</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap"> </td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 82%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Weighted average remaining lease term (years)</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 15%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9.08</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Weighted Average discount rate</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 15%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">8.27</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap">%</td> </tr> </table></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 84%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; padding-bottom: 1px; border-bottom: thin solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);">(Thousands of Dollars)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px 0px 1px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2020 (six months remaining)</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">7,048</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2021</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,681</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2022</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">11,413</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2023</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,698</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2024</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,218</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Thereafter</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">50,643</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total lease payments</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">103,701</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Less: interest</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(31,794</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Present value of lease liabilities</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">71,907</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table></div>
103701000
50643000
10218000
10698000
11413000
13681000
7048000
31794000
P10Y
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; font-family: Arial; font-size: 10pt; min-width: 700px;"> <tr style="vertical-align: top; font-family: Arial; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial; font-size: 10pt;"> <div style=" margin: 0pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">6</div> </div></div> </td> <td style="font-family: Arial; font-size: 10pt;"> <div style=" margin: 0pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">LEASES </div></div> </td> </tr> </table> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">Effective <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2019, </div>the <div style="display: inline; font-style: italic; font: inherit;">first</div> day of fiscal year <div style="display: inline; font-style: italic; font: inherit;">2020,</div> we adopted ASC <div style="display: inline; font-style: italic; font: inherit;">842</div> using the modified retrospective method as of the adoption date. As a result of electing the modified retrospective approach, we have <div style="display: inline; font-style: italic; font: inherit;">not</div> restated prior year financial statements to conform to the new guidance. Our operating lease portfolio primarily includes real estate, office equipment, and vehicles. </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">In connection with the Transactions, the Company entered into a lease agreement between BH Media, as Landlord, and the Company, as Tenant, providing for the leasing of <div style="display: inline; font-style: italic; font: inherit;">68</div> properties and related fixtures (including production equipment) used in the BH Media Newspaper Business (“BH Lease”). The Lease was signed and commenced on <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020. </div>The BH Media Lease requires the Company to pay annual rent of <div style="display: inline; font-style: italic; font: inherit;">$8,000,000,</div> payable in equal monthly payments, as well as all operating costs relating to the properties (including maintenance, repairs, property taxes and insurance). Rent payments will be subject to a Rent Credit (as defined in the Lease) equal to <div style="display: inline; font-style: italic; font: inherit;">8.00%</div> of the net consideration for any leased real estate sold by BH Media during the term of the Lease. In connection with the BH Lease, the Company recognized <div style="display: inline; font-style: italic; font: inherit;">$56,226,000</div> and <div style="display: inline; font-style: italic; font: inherit;">$56,226,000</div> in ROU assets and lease liabilities, respectively, as of <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020.</div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">Total lease expense consists of the following:</div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div> <div> <table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 68%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating lease costs</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,742</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,711</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Variable lease costs</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">295</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">575</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Short-term lease costs</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">266</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">319</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total Operating Lease Expense</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,303</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">3,605</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> </table> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">Supplemental cash flow information related to our operating leases was as follows:</div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div> <div> <table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 68%; border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cash paid for amounts included in the measurement of lease liabilities:</div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Operating cash outflow from operating leases</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">2,375</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">3,266</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap"> </td> </tr> </table> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">As a result of the adoption of ASC <div style="display: inline; font-style: italic; font: inherit;">842,</div> on <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2019, </div>we recorded operating lease right-of-use assets of <div style="display: inline; font-style: italic; font: inherit;">$10,709,000,</div> current portion of lease liabilities of <div style="display: inline; font-style: italic; font: inherit;">$2,281,000,</div> and long-term operating lease liabilities of <div style="display: inline; font-style: italic; font: inherit;">$8,353,000</div> in a non-cash operating activity. </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">As of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div>, maturities of lease liabilities were as follows:</div> <div> <table cellpadding="0pt" cellspacing="0pt" style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 84%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; padding-bottom: 1px; border-bottom: thin solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);">(Thousands of Dollars)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px 0px 1px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2020 (six months remaining)</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">7,048</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2021</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,681</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2022</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">11,413</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2023</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,698</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2024</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,218</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Thereafter</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">50,643</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total lease payments</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">103,701</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Less: interest</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(31,794</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 84%; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Present value of lease liabilities</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">71,907</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">As of the year ended <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> September 29, 2019</div></div>, minimum lease payments during the <div style="display: inline; font-style: italic; font: inherit;">five</div> years ending <div style="display: inline; font-style: italic; font: inherit;"> September 2024 </div>and thereafter were <div style="display: inline; font-style: italic; font: inherit;">$3,403,000,</div> <div style="display: inline; font-style: italic; font: inherit;">$2,290,000,</div> <div style="display: inline; font-style: italic; font: inherit;">$2,238,000,</div> <div style="display: inline; font-style: italic; font: inherit;">$1,637,000,</div> <div style="display: inline; font-style: italic; font: inherit;">$1,367,000</div> and <div style="display: inline; font-style: italic; font: inherit;">$4,991,000,</div> respectively.</div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">Our lease contracts are discounted using the incremental borrowing rate for the Company. We determined the incremental borrowing rate based on a senior secured collateral adjusted yield curve for the Company. This yield curve reflects the estimated rate that would have been paid by the Company to borrow on a collateralized basis over a similar term of the <div style="display: inline; font-style: italic; font: inherit;">5</div> year lease in a similar economic environment. This rate was reassessed as part of the Transactions and was utilized to re-measure the assumed lease liabilities as well as the BH Lease as of <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020. </div>We will assess this rate annually to determine whether it needs to be updated. The weighted average revolving lease terms and discount rates for all of our operating leases were as follows.</div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div> <div> <table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29, 2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 82%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Weighted average remaining lease term (years)</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 15%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9.08</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Weighted Average discount rate</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 15%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">8.27</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap">%</td> </tr> </table> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"> </div></div>
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: center; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Recently Issued Accounting Standards - Standards Adopted in <div style="display: inline; font-style: italic; font: inherit;">2020</div></div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;">In <div style="display: inline; font-style: italic; font: inherit;"> February 2016, </div>the FASB issued a new standard for the accounting treatment of leases, known as Accounting Standards Codification <div style="display: inline; font-style: italic; font: inherit;">842</div> (“ASC <div style="display: inline; font-style: italic; font: inherit;">842”</div>). The new standard is based on the principle that entities should recognize assets and liabilities arising from leases. The new standard's primary change is the requirement for entities to recognize a lease liability for payments and a right-of-use (“ROU”) asset representing the right to use the leased asset during the term on most operating lease arrangements. We adopted the standard effective <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2019, </div>the <div style="display: inline; font-style: italic; font: inherit;">first</div> day of fiscal year <div style="display: inline; font-style: italic; font: inherit;">2020.</div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;">We elected the package of practical expedients which permits the Company to <div style="display: inline; font-style: italic; font: inherit;">not</div> reassess under the new standard the prior conclusions about lease identification, lease classification, or initial direct costs. In addition, we did reassess whether existing land easements which were previously <div style="display: inline; font-style: italic; font: inherit;">not</div> accounted for as leases are or contain leases under the new guidance. We have elected to combine non-lease and lease components when accounting for leases. The Company has made a policy election to exclude short-term leases, those with an original term of less than <div style="display: inline; font-style: italic; font: inherit;">twelve</div> months, from recognition and measurement under ASC <div style="display: inline; font-style: italic; font: inherit;">842.</div> As such, we have <div style="display: inline; font-style: italic; font: inherit;">not</div> recognized an ROU asset or lease liability for these leases. Additional information and disclosures required by this new standard are contained in Note <div style="display: inline; font-style: italic; font: inherit;">6.</div> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Recently Issued Accounting Standards - Standards <div style="display: inline; font-style: italic; font: inherit;">Not</div> Yet Adopted </div></div> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 7.2pt 0pt 34pt; text-align: justify;"><div style="display: inline; font-family:Arial;font-size:10pt;">In <div style="display: inline; font-style: italic; font: inherit;"> June 2016, </div>the FASB issued a new standard to replace the incurred loss impairment methodology under then current GAAP with a methodology that reflects expected credit losses and requires consideration of a wider array of reasonable and supportable information to inform and develop credit loss estimates. We will be required to use a forward-looking expected credit loss model for both accounts receivables and other financial instruments. The new standard will be adopted beginning <div style="display: inline; font-style: italic; font: inherit;"> September 28, 2020 </div>using a modified retrospective approach through a cumulative-effect adjustment to retained earnings as of the effective date to align our credit loss methodology with the new standard. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.</div></div></div></div>
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; font-family: Arial; font-size: 10pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">7</div></div></div> </td> <td style="font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">PENSION, POSTRETIREMENT AND POSTEMPLOYMENT DEFINED BENEFIT PLANS</div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We have several noncontributory defined benefit pension plans that together cover selected employees. Benefits under the plans were generally based on salary and years of service. With the exception of defined benefit plans acquired in the Transactions, effective in <div style="display: inline; font-style: italic; font: inherit;">2012,</div> substantially all benefits are frozen and only a small amount of additional benefits are being accrued. Our liability and related expense for benefits under the plans are recorded over the service period of employees based upon annual actuarial calculations. Plan funding strategies are influenced by government regulations. Plan assets consist primarily of domestic and foreign corporate equity securities, government and corporate bonds, hedge fund investments and cash.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We provide retiree medical and life insurance benefits under postretirement plans at several of our operating locations. The level and adjustment of participant contributions vary depending on the specific plan. In addition, St. Louis Post-Dispatch LLC, provides postemployment disability benefits to certain employee groups prior to retirement. Our liability and related expense for benefits under the postretirement plans are recorded over the service period of active employees based upon annual actuarial calculations. We accrue postemployment disability benefits when it becomes probable that such benefits will be paid and when sufficient information exists to make reasonable estimates of the amounts to be paid.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">As part of the Transactions, the Company assumed several non-contributory defined benefit pension plans that together cover selected employees. Benefits under the plans are generally based on salary and years of service. The liability and related expense for benefits under the plans are recorded over the service period of employees based upon annual actuarial calculations. Plan funding strategies are influenced by government regulations. Plan assets consist primarily of domestic corporate equity securities, government and corporate bonds, money markets and deposits with insurance companies. The amount of net pension obligations for those plans as of <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020, </div>the initial measurement date, was <div style="display: inline; font-style: italic; font: inherit;">$43,503,000.</div> The total pension benefit recognized for the period between <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020 </div>was <div style="display: inline; font-style: italic; font: inherit;">$86,000.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Additionally, as part of the Transactions, the Company assumed certain unfunded postemployment benefit plans which provide coverage to retirees for portions of premiums associated with medical, dental, life, and vision insurance benefits in <div style="display: inline; font-style: italic; font: inherit;">eight</div> collective bargaining units. The amount of premiums paid in <div style="display: inline; font-style: italic; font: inherit;">five</div> bargaining units are capped at specific dollar amounts per month. The amount of premiums paid in <div style="display: inline; font-style: italic; font: inherit;">three</div> bargaining units are uncapped. The plan groups consist of capped retirees, uncapped retirees, capped active employees, and uncapped active employees. New participants in the uncapped plans are eligible for Medicare supplemental medical insurance. The total postemployment benefit obligation recognized for these plans as of <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020, </div>the initial measurement date, was <div style="display: inline; font-style: italic; font: inherit;">$36,800,000.</div> The total postemployment benefit cost recognized for the period between <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020 </div>was <div style="display: inline; font-style: italic; font: inherit;">$79,000.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We use a fiscal year end measurement date for all of our pension and postretirement medical plan obligations.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The net periodic pension and postretirement cost (benefit) components for our plans are as follows:</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div> <table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 52%; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">PENSION PLANS</div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Service cost for benefits earned during the period</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">103</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">111</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">18</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Interest cost on projected benefit obligation</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,420</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,641</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,651</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,282</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Expected return on plan assets</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,321</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,018</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(4,272</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(4,036</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amortization of net loss</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">792</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">284</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1584</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">568</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amortization of prior service benefit</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(25</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(4</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(50</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Pension benefit</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(8</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(109</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">70</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(218</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> </table> </div> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div> <table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 52%; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">POSTRETIREMENT MEDICAL PLANS</div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0">Service cost for benefits earned during the period</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">36</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">36</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Interest cost on projected benefit obligation</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">110</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">103</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">177</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">206</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Expected return on plan assets</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(265</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(270</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(530</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(540</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amortization of net gain</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(186</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(244</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(372</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(488</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amortization of prior service benefit</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(161</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(181</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(322</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(362</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Postretirement medical benefit</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(466</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(592</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,011</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,184</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> </table> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">In the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> we did <div style="display: inline; font-style: italic; font: inherit;">not</div> contribute to our pension plans. Based on our forecast at <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div>, we expected to make contributions of $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">6,720,000</div></div> to our pension trust during the remainder of fiscal <div style="display: inline; font-style: italic; font: inherit;">2020.</div> However, the CARES Act allows the Company to defer pension contributions until <div style="display: inline; font-style: italic; font: inherit;"> January 1, 2021. </div>As a result, we do <div style="display: inline; font-style: italic; font: inherit;">not</div> expect to make pension contributions for the remainder of fiscal <div style="display: inline; font-style: italic; font: inherit;">2020.</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div></div>
650000
39390000
2550000
0
0
500000
500000
0
0
576000000
17637000
770000
10670000
962000
11866000
15614000
-4990000
-2327000
728000
8392000
514000
996000
1830000
2394000
408574000
404762000
114627000
82039000
0
0
443627000
8404000
1925000
2759000
3557000
2820000
38000
68000
-265470000
-265423000
14648000
60945000
62934000
126672000
138897000
46443000
45076000
88138000
91345000
13979000
14694000
28900000
28663000
121367000
122704000
243710000
258905000
5211000
4744000
10429000
9421000
8768000
9950000
18471000
19242000
10185000
11480000
20381000
23644000
12325000
13092000
26250000
27918000
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-family: Arial; font-size: 10pt; min-width: 700px;"> <tr style="font-family: Arial; font-size: 10pt;"> <td style="width: 36pt; font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">2</div></div></div> </td> <td style="font-family: Arial; font-size: 10pt; vertical-align: top;"> <div style=" text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">REVENUE</div></div> </td> </tr> </table> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The following table presents our revenue disaggregated by source:</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Advertising and marketing services revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">60,945</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">62,934</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">126,672</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">138,897</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Subscription revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">46,443</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">45,076</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">88,138</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">91,345</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">TownNews and other digital services revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,211</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,744</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">10,429</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,421</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Other revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">8,768</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">9,950</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">18,471</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">19,242</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total operating revenue</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">121,367</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">122,704</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">243,710</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">258,905</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-style: italic;">Recognition principles:</div> Revenue is recognized when a performance obligation is satisfied by the transfer of control of the contracted goods or services to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-style: italic;">Arrangements with multiple performance obligations:</div> We have various advertising and subscription agreements which include both print and digital performance obligations. Revenue from sales agreements that contain multiple performance obligations are allocated to each obligation based on the relative standalone selling price. We determine standalone selling prices based on observable prices charged to customers.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-style: italic;">Contract Assets and Liabilities:</div> The Company’s primary source of contract liabilities is unearned revenue from subscriptions paid in advance of the service provided. The Company expects to recognize the revenue related to unsatisfied performance obligations over the next <div style="display: inline; font-style: italic; font: inherit;">twelve</div> months in accordance with the terms of the subscriptions and other contracts with customers. The unearned revenue balances described herein are the Company's only contract liability. Unearned revenue was $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">58,563,000</div></div> as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">21,720,000</div></div> as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> September 29, 2019</div></div>. Revenue recognized in the <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">13</div> and <div style="display: inline; font-style: italic; font: inherit;">26</div> weeks ended <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> that was included in the contract liability as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> September 29, 2019</div></div> was $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">4,460,000</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">17,858,000</div></div>.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">Contract asset balances relate to our Management Agreement revenue and were <div style="display: inline; font-style: italic; font: inherit;">$0</div> as of <div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020 </div>and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">1,107,000</div></div> as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> September 29, 2019</div></div> and consisted solely of the variable consideration earned under the Management Agreement. In conjunction with the execution of the Purchase Agreement, the previously recorded contract asset balance was collected on <div style="display: inline; font-style: italic; font: inherit;"> March 16, 2020. </div>Accounts receivable, excluding allowance for doubtful accounts and contract assets, was $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">81,007,000</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">47,863,000</div></div> as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> and <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> September 29, 2019</div></div>, respectively. Allowance for doubtful accounts was $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">7,661,000</div></div> and $<div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;">6,434,000</div></div> as of <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> March 29, 2020</div></div> and <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> September 29, 2019</div></div>, respectively.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-style: italic;">Practical expedients:</div><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;"> </div></div>Sales commissions are expensed as incurred as the associated contractual periods are <div style="display: inline; font-style: italic; font: inherit;">one</div> year or less. These costs are recorded within compensation. The vast majority of our contracts have original expected lengths of <div style="display: inline; font-style: italic; font: inherit;">one</div> year or less and revenue is earned at a rate and amount that corresponds directly with the value to the customer.</div></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; margin-left: 36pt; margin-right: auto; min-; min-width: 700px;"> <tr style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="width: 86%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid black; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic;">(in Thousands)</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> <td style="width: 12%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Cash and cash equivalents </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">22,293</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Current assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">52,559</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Other assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">12,167</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Property and equipment </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">42,952</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Operating lease assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">7,445</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Advertiser relationships </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">38,780</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Subscriber relationships </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">36,060</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Commercial print relationships </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">17,130</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Mastheads </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">21,680</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Goodwill </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">63,559</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width: 86%; border-top: 1px solid black; border-bottom: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Total assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">314,625</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Current liabilities assumed </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(73,451</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px">Operating lease liabilities</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(6,625</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px">Other liabilities assumed</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(2,246</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Pension obligations </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(43,503</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width:86%; padding-left:12px"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Postemployment benefit obligations </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(36,800</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width: 86%; padding-left: 0px; border-top: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Total liabilities </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-top: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right; border-top: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(162,625</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-top: 1px solid black;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width: 86%; border-top: 1px solid black; border-bottom: 1px solid black;"> <div style="font-size:13px"> <div style="font-family:Arial,Helvetica,sans-serif"> Net assets </div> </div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right; border-top: 1px solid black; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">152,000</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-top: 1px solid black; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="width: 86%;">Less: acquired cash</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">(22,293</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%;">)</td> </tr> <tr style="background-color: rgb(255, 255, 255);"> <td style="width: 86%; border-top: 1px solid black; border-bottom: 3px solid black;">Total consideration less acquired cash</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; text-align: right; border-top: 1px solid black; border-bottom: 3px solid black;">$</td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 12%; text-align: right; border-top: 1px solid black; border-bottom: 3px solid black;"><div style="display: inline; font-style: italic; font: inherit;">129,707</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 1%; border-top: 1px solid black; border-bottom: 3px solid black;"> </td> </tr> </table></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin: 0pt auto 0pt 36pt; font-size: 10pt; font-family: Arial; text-indent: 0px; min-; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">September 29,</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">Interest</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">Rates (%)</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;">Term Loan</td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">576,000</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;"><div style="display: inline; font-style: italic; font: inherit;">9.0</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; padding: 0px; margin: 0px;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Revolving Facility</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Notes</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">363,420</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9.5</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2nd Lien Term Loan</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">80,207</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">12.0</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">576,000</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">443,627</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Unamortized debt issue costs</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(11,282</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less current maturities of long-term debt</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,954</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total long-term debt</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">576,000</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">429,391</div></td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 52%; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">PENSION PLANS</div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Service cost for benefits earned during the period</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">103</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">111</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">18</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Interest cost on projected benefit obligation</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,420</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,641</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,651</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,282</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Expected return on plan assets</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,321</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(2,018</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(4,272</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(4,036</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amortization of net loss</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">792</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">284</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1584</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">568</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amortization of prior service benefit</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(25</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(4</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(50</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Pension benefit</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(8</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(109</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">70</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(218</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: auto; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 52%; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">POSTRETIREMENT MEDICAL PLANS</div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0">Service cost for benefits earned during the period</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">36</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">36</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Interest cost on projected benefit obligation</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">110</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">103</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">177</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">206</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Expected return on plan assets</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(265</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(270</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(530</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(540</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amortization of net gain</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(186</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(244</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(372</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(488</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amortization of prior service benefit</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(161</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(181</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(322</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(362</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Postretirement medical benefit</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(466</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(592</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,011</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,184</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> </table></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">13 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="4" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">March 31,</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic;">(Thousands of Dollars and Shares, Except Per Share Data)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font: inherit;">2019</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income attributable to Lee Enterprises, Incorporated:</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(5,367</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,678</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(46</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">7,683</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Weighted average common shares</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">58,136</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">57,703</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">57,931</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">57,501</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less weighted average restricted Common Stock</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,572</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,095</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,515</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,097</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Basic average common shares</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">56,564</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">55,608</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">56,416</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">55,404</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Dilutive stock options and restricted Common Stock</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">382</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">585</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,287</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Diluted average common shares</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">56,946</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">55,608</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">57,001</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">56,691</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Earnings per common share:</div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Basic</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(0.09</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(0.05</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(0.00</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">0.14</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Diluted</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(0.09</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(0.05</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">(0.00</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">0.14</div></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;" nowrap="nowrap"> </td> </tr> </table></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="; text-indent: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt auto 0pt 36pt; min-; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="margin: 0px; padding-top: 0px; padding-right: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="margin: 0px; padding-top: 0px; padding-right: 0px; padding-left: 0px; width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="margin: 0px; padding-top: 0px; padding-right: 0px; padding-left: 0px; width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td nowrap="nowrap" style="margin: 0px; padding: 0px; width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">26 Weeks Ended</div></td> <td nowrap="nowrap" style="margin: 0px; padding: 0px 0px 1px; width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td nowrap="nowrap" style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">March 29,</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 87%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div style=" font-family: Arial; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic;">(Thousands of Dollars)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div style=" margin: 0pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;">2020</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Goodwill, gross amount</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,539,038</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accumulated impairment losses</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(1,288,729</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0">Goodwill, beginning of period</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"><div style="display: inline; font-style: italic; font: inherit;">250,309</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0; margin: 0"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">Goodwill acquired in business combinations</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">63,559</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Goodwill, end of period</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">313,868</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; font-family: Arial; font-size: 10pt; margin-right: 5%; margin-left: 36pt; min-; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 74%; font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> <div style=" font-family: Arial; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic;">(Thousands of Shares, Except Per Share Data)</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> <div style=" margin: 0pt; text-align: right; font-family: Arial; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Shares</div></div> </td> <td style="font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Weighted Average Grant Date Fair Value</div></td> <td style="font-family: Arial; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; background-color: rgb(255, 255, 255);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> <td style="font-family: Arial; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Outstanding, September 29, 2019</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,477</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2.49</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Vested</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(601</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1.94</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Granted</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">720</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1.62</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cancelled</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><div style="display: inline; font-style: italic; font: inherit;">(24</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">)</td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><div style="display: inline; font-style: italic; font: inherit;">2.49</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> <div style=" font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Outstanding, March 29, 2020</div> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"><div style="display: inline; font-style: italic; font: inherit;">1,572</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 1%; font-family: Arial; font-size: 10pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> <td style="width: 10%; text-align: right; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"><div style="display: inline; font-style: italic; font: inherit;">2.15</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial; font-size: 10pt; margin-left: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 3px; border-bottom-style: double;"> </td> </tr> </table></div>
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="; text-indent: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt auto 0pt 36pt; min-; min-width: 700px;"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="width: 48%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div style=" font-family: Arial; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic;">(Thousands of Dollars and Shares, Except Per Share Data)</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div style=" margin: 0pt; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Shares</div></div> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Weighted Average Exercise Price</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Weighted Average Remaining Contractual Term (Years)</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;">Aggregate Intrinsic Value</div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-top: thin solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Outstanding, September 29, 2019</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">809</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1.82</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Exercised</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cancelled</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Outstanding, March 29, 2020</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">809</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">1.82</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">1.4</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Exercisable, March 29, 2020</div> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">809</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1.82</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1.4</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> </tr> </table></div>
571000
810000
24000
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1477000
1572000
2.49
2.15
601000
1.94
809000
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809000
809000
1.82
1.82
P1Y146D
P1Y146D
266000
319000
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577000
255476000
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581000
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581000
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572000
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin: 0pt; text-align: center; text-indent: 0pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: center; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">The preparation of the Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. We evaluate these estimates and judgments on an ongoing basis.</div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;"> </div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: Arial; font-size: 10pt;">We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are <div style="display: inline; font-style: italic; font: inherit;">not</div> readily apparent from other sources. Actual results <div style="display: inline; font-style: italic; font: inherit;"> may </div>differ from these estimates under different assumptions or conditions.</div></div></div>
295000
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57703000
57931000
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56564000
55608000
56416000
55404000
1572000
2095000
1515000
2097000
xbrli:shares
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