v2.3.0.11

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 18, 2011	Jun. 19, 2010	Jun. 18, 2011	Jun. 19, 2010
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]
OPERATING REVENUES	$ 74,520	$ 73,896	$ 147,679	$ 148,653
OPERATING EXPENSES:
Editorial, production, and distribution	35,097	35,306	69,437	72,990
Selling	9,792	9,517	19,459	20,389
General and administrative	16,322	15,167	32,919	32,414
TOTAL OPERATING EXPENSES	61,211	59,990	121,815	125,793
OPERATING PROFIT	13,309	13,906	25,864	22,860
INVESTMENT INCOME	689	789	1,433	1,604
INTEREST EXPENSE	(82)	(394)	(362)	(875)
INCOME BEFORE INCOME TAXES	13,916	14,301	26,935	23,589
PROVISION FOR INCOME TAXES	5,273	5,506	10,074	8,627
NET INCOME	8,643	8,795	16,861	14,962
OTHER COMPREHENSIVE (LOSS) INCOME	(457)	(1,306)	(447)	64,900
COMPREHENSIVE INCOME	$ 8,186	$ 7,489	$ 16,414	$ 79,862
EARNINGS PER SHARE	$ 0.34	$ 0.34	$ 0.66	$ 0.57
WEIGHTED AVERAGE SHARES OUTSTANDING	25,379,523	25,947,079	25,393,431	26,051,981

Intercompany interest income and expense and interest expense on loans, lines of credit, and tax and other obligations.

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The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

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The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

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BUREAU OF NATIONAL AFFAIRS INC 10-Q