The items below are included in the Selected Financial Data. 2014 The items below had a net unfavorable effect on our results from continuing operations of $35.1 million, or $.22  per share: •  $36.7 million of expenses ($21.7 million after tax, or $.13 per share) for non-operating retirement costs. •  a $36.1 million pre-tax charge ($21.4 million after tax, or $.13 per share) for severance costs. •  a $21.1 million income tax benefit ($.13 per share) primarily due to reductions in the Company’s reserve for  uncertain tax positions. •  a $9.5 million pre-tax pension settlement charge ($5.7 million after tax, or $.04 per share) in connection with  lump-sum payments made under an immediate pension benefits offer to certain former employees. •  a $9.2 million pre-tax charge ($5.9 million after tax or $.04 per share) for the impairment related to the  Company’s investment in a joint venture. •  a $2.6 million pre-tax charge ($1.5 million after tax, or $.01 per share) for the early termination of a  distribution agreement, which will result in distribution cost savings for the Company in future periods. THE NEW YORK TIMES COMPANY – P. 19 GLYPH<160> As of and for the Years Ended (In thousands, except ratios, per share andGLYPH<160>employeeGLYPH<160>data) December 28, 2014 December 29, 2013 December 30, 2012 December 25, 2011 December 26, 2010 (52 Weeks) (52 Weeks) (53 Weeks) (52 Weeks) (52 Weeks) Per Share of Common Stock Basic earnings/(loss) per share attributable to The New York Times Company common stockholders: Income from continuing operations $ 0.23 $ 0.38 $ 1.11 $ 0.31 $ 0.35 (Loss)/income from discontinued operations, net of income taxes (0.01) 0.05 (0.19) (0.57) 0.40 Net income/(loss) $ 0.22 $ 0.43 $ 0.92 $ (0.26) $ 0.75 Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:GLYPH<160> Income from continuing operations $ 0.21 $ 0.36 $ 1.07 $ 0.30 $ 0.33 (Loss)/income from discontinued operations, net of income taxes (0.01) 0.05 (0.18) (0.55) 0.39 Net income/(loss) $ 0.20 $ 0.41 $ 0.89 $ (0.25) $ 0.72 Dividends declared per share $ 0.16 $ 0.08 $ GLYPH<151> $ GLYPH<151> $ GLYPH<151> New York Times Company stockholdersGLYPH<146> equity per share $ 4.50 $ 5.34 $ 4.34 $ 3.51 $ 4.46 Average basic shares outstanding 150,673 149,755 148,147 147,190 145,636 Average diluted shares outstanding 161,323 157,774 152,693 152,007 152,600 Key Ratios Operating profit to revenues 6% 10% 6% 8 % 8% Return on average common stockholdersGLYPH<146> equity 4% 9% 23% (6)% 17% Return on average total assets 1% 2% 5% (1)% 3% Total debt and capital lease obligations to total capitalization 47% 45% 51% 59% 59% Current assets to current liabilities 1.91 3.36 3.30 2.67 3.35 Ratio of earnings to fixed charges 1.67 2.58 4.94 1.76 1.65 Full-Time Equivalent Employees 3,588 3,529 5,363 7,273 7,414