How do I calculate the Net Operating Assets for 2015 and 2016 (in thousands) Dec. 29, 2016 Dec. 30, 2015 Cash and cash equivalents $ 100,692 $ 105,776 Short-term investments 449,535 507,639 Accounts receivable, net 197,355 207,180 Prepaid assets 15,948 19,430 Other current assets 32,648 22,507 Total current assets 796,178 862,532 Long-term marketable securities 187,299 291,136 Investments in joint ventures 15,614 22,815 Property plant and equipment, net 596,743 632,439 Goodwill 134,517 109,085 Deferred income taxes 301,342 309,142 Miscellaneous assets 153,702 190,541 Total assets $2,185,395 $2,417,690 Accounts payable $ 104,463 $ 96,082 Accrued payroll and other related liabilities 96,463 98,256 Unexpired subscriptions 66,686 60,184 Current portion of long-term debt 0 188,377 Accrued expenses and other 131,125 120,686 Total current liabilities 398,737 563,585 Long-term debt and capital lease obligations 246,978 242,851 Pension benefits obligation 558,790 627,697 Postretirement benefits obligation 57,999 62,879 Other 78,647 92,223 Total other liabilities 942,414 1,025,650 Stockholders’ equity Common stock of $0.10 par value Class A common stock 16,921 16,826 Class B convertible stock 82 82 Additional paid-in capital 149,928 146,348 Retained earnings 1,331,911 1,328,744 Common stock held in treasury, at cost (171,211) (156,155) Accumulated other comprehensive loss, net of tax (479,816) (509,094) Total New York Times Company stockholders’ equity 847,815 826,751 Noncontrolling interest (3,571) 1,704 Total stockholders’ equity 844,244 828,455 Total liabilities and stockholders’ equity $2,185,395 $2,417,690

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.18E

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How do I calculate the Net Operating Assets for 2015 and 2016

(in thousands)	Dec. 29, 2016	Dec. 30, 2015

Cash and cash equivalents	$ 100,692	$ 105,776
Short-term investments	449,535	507,639
Accounts receivable, net	197,355	207,180
Prepaid assets	15,948	19,430
Other current assets	32,648	22,507
Total current assets	796,178	862,532
Long-term marketable securities	187,299	291,136
Investments in joint ventures	15,614	22,815
Property plant and equipment, net	596,743	632,439
Goodwill	134,517	109,085
Deferred income taxes	301,342	309,142
Miscellaneous assets	153,702	190,541
Total assets	$2,185,395	$2,417,690

Accounts payable	$ 104,463	$ 96,082
Accrued payroll and other related liabilities	96,463	98,256
Unexpired subscriptions	66,686	60,184
Current portion of long-term debt	0	188,377
Accrued expenses and other	131,125	120,686
Total current liabilities	398,737	563,585

Long-term debt and capital lease obligations	246,978	242,851
Pension benefits obligation	558,790	627,697
Postretirement benefits obligation	57,999	62,879
Other	78,647	92,223
Total other liabilities	942,414	1,025,650

Stockholders’ equity
Common stock of $0.10 par value
Class A common stock	16,921	16,826
Class B convertible stock	82	82
Additional paid-in capital	149,928	146,348
Retained earnings	1,331,911	1,328,744
Common stock held in treasury, at cost	(171,211)	(156,155)
Accumulated other comprehensive loss, net of tax	(479,816)	(509,094)
Total New York Times Company stockholders’ equity	847,815	826,751
Noncontrolling interest	(3,571)	1,704
Total stockholders’ equity	844,244	828,455
Total liabilities and stockholders’ equity	$2,185,395	$2,417,690

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