The New York Times Company's "adjusted diluted earnings per share" metric eliminates costs associated with employee layoffs and contract buyouts, even though they have been occurring with some regularity the last few years. The New York Times also presents a non-GAAP operating costs figure that deducts severance and non-operating retirement-related costs as well as depreciation, amortization and charges resulting from the withdrawal from multiemployer pension plans. Pulling out all those expenses helps creates a profit instead of a loss.