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Income statements and balance sheets follow for The New York Times Company. Refer to these financial statements to answer the requirements. The New York Times

Income statements and balance sheets follow for The New York Times Company. Refer to these financial statements to answer the requirements.

The New York Times Company

Consolidated Statements of Income

Fiscal year ended

(in thousands)

Dec. 29, 2016

Dec. 30, 2015

Revenues

Circulation

$ 880,543

$ 851,790

Advertising

580,732

638,709

Other

94,067

88,716

Total revenues

1,555,342

1,579,215

Production costs

Wages and benefits

363,051

354,516

Raw materials

72,325

77,176

Other

192,728

186,120

Total production costs

628,104

617,812

Selling, general and administrative costs

721,083

713,837

Depreciation and amortization

61,723

61,597

Total operating costs

1,410,910

1,393,246

Restructuring charge

14,804

0

Multiemployer pension plan withdrawal expense

6,730

9,055

Pension settlement charges

21,294

40,329

Early termination charge

0

0

Operating profit

101,604

136,585

Loss from joint ventures

(36,273)

(783)

Interest expense, net

34,805

39,050

Income from continuing operations before income taxes

30,526

96,752

Income tax expense/(benefit)

4,421

33,910

Income from continuing operations

26,105

62,842

Loss from discontinued operations, net of income taxes

(2,273)

0

Net income

23,832

62,842

Net loss attributable to the noncontrolling interest

5,236

404

Net income attributable to The New York Times Company common stockholders

$29,068

$63,246

a. Compute net operating profit after tax (NOPAT) for 2016 and 2015. Assume that combined federal and state statutory tax rates are 37% for both years.

I am trying to compute the NOPAT for years 2015 and 2016.

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