XML 32 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2017
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands)
Education
 
Television
Broadcasting
 
Other
Businesses
 
Total
Balance as of December 31, 2016
  
 
  
 
  
 
  
Goodwill
$
1,111,003

 
$
168,345

 
$
202,141

 
$
1,481,489

Accumulated impairment losses
(350,850
)
 

 
(7,685
)
 
(358,535
)
 
760,153

 
168,345

 
194,456

 
1,122,954

Acquisitions
20,851

 
21,781

 

 
42,632

Dispositions

 

 
(412
)
 
(412
)
Foreign currency exchange rate changes
14,257

 

 

 
14,257

Balance as of March 31, 2017
  

 
  

 
  

 
  

Goodwill
1,146,111

 
190,126

 
201,729

 
1,537,966

Accumulated impairment losses
(350,850
)
 

 
(7,685
)
 
(358,535
)
 
$
795,261

 
$
190,126

 
$
194,044

 
$
1,179,431

Other Intangible Assets
Other intangible assets consist of the following:
 
 
 
As of March 31, 2017
 
As of December 31, 2016
(in thousands)
Useful Life
Range
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortized Intangible Assets
  
 
  
 
  
 
  
 
  
 
  
 
  
Student and customer relationships
1–10 years (1)
 
$
131,975

 
$
60,389

 
$
71,586

 
$
129,616

 
$
55,863

 
$
73,753

Trade names and trademarks
2–10 years
 
56,270

 
30,654

 
25,616

 
55,240

 
29,670

 
25,570

Network affiliation agreements
15 years
 
45,900

 
638

 
45,262

 

 

 

Databases and technology
3–5 years
 
9,051

 
4,565

 
4,486

 
5,601

 
4,368

 
1,233

Noncompete agreements
2–5 years
 
1,730

 
1,464

 
266

 
1,730

 
1,404

 
326

Other
1–8 years
 
12,030

 
5,322

 
6,708

 
12,030

 
4,973

 
7,057

  
  
 
$
256,956

 
$
103,032

 
$
153,924

 
$
204,217

 
$
96,278

 
$
107,939

Indefinite-Lived Intangible Assets
  
 
  
 
  

 
  

 
  
 
  

 
  

Trade names and trademarks
  
 
$
65,953

 
  

 
  

 
$
65,192

 
  

 
  

FCC licenses
 
 
26,600

 
 
 
 
 

 
 
 
 
Licensure and accreditation
  
 
650

 
  

 
  

 
834

 
  

 
  

 
  
 
$
93,203

 
 
 
 
 
$
66,026

 
 
 
 
____________
(1)
The Company's student and customer relationships’ minimum useful life was 2 years as of December 31, 2016.
Education [Member]  
Changes in Carrying Amount of Goodwill
The changes in carrying amount of goodwill at the Company’s education division were as follows:
(in thousands)
Higher
Education
 
Test
Preparation
 
Kaplan
International
 
Total
Balance as of December 31, 2016
  
 
  
 
  
 
  
Goodwill
$
389,720

 
$
166,098

 
$
555,185

 
$
1,111,003

Accumulated impairment losses
(248,591
)
 
(102,259
)
 

 
(350,850
)
 
141,129

 
63,839

 
555,185

 
760,153

Acquisitions

 

 
20,851

 
20,851

Foreign currency exchange rate changes
28

 

 
14,229

 
14,257

Balance as of March 31, 2017
  

 
  

 
  

 
  

Goodwill
389,748

 
166,098

 
590,265

 
1,146,111

Accumulated impairment losses
(248,591
)
 
(102,259
)
 

 
(350,850
)
 
$
141,157

 
$
63,839

 
$
590,265

 
$
795,261