Business Segments (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment

The following table summarizes financial information related to each of the Company's business segments:

	Three Months Ended March 31
(in thousands)	2017			2016
Operating Revenues
Education	$	372,897		$	401,076
Television broadcasting	91,496			92,018
Other businesses	118,324			108,716
Corporate office	—			—
Intersegment elimination	—			(70		)
	$	582,717		$	601,740
Income (Loss) from Operations
Education	$	9,031		$	14,488
Television broadcasting	25,969			41,220
Other businesses	(10,564		)	(5,730		)
Corporate office	4,618			1,894
	$	29,054		$	51,872
Equity in Earnings of Affiliates, Net	649			1,004
Interest Expense, Net	(6,766		)	(7,357		)
Other Income, Net	849			15,096
Income Before Income Taxes	$	23,786		$	60,615
Depreciation of Property, Plant and Equipment
Education	$	8,584		$	11,103
Television broadcasting	2,594			2,377
Other businesses	3,184			3,027
Corporate office	290			254
	$	14,652		$	16,761
Amortization of Intangible Assets
Education	$	1,120		$	1,681
Television broadcasting	902			63
Other businesses	4,814			4,518
Corporate office	—			—
	$	6,836		$	6,262
Net Pension (Credit) Expense
Education	$	2,706		$	3,109
Television broadcasting	493			439
Other businesses	483			254
Corporate office	(18,370		)	(15,861		)
	$	(14,688	)	$	(12,059	)

Asset information for the Company’s business segments are as follows:

	As of
(in thousands)	March 31, 2017		December 31, 2016
Identifiable Assets
Education	$	1,475,285	$	1,479,267
Television broadcasting	445,278		336,631
Other businesses	698,908		796,935
Corporate office	466,130		455,209
	$	3,085,601	$	3,068,042
Investments in Marketable Equity Securities	433,787		424,229
Investments in Affiliates	60,287		58,806
Prepaid Pension Cost	836,430		881,593
Total Assets	$	4,416,105	$	4,432,670

Education [Member]

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment

The Company’s education division comprises the following operating segments:

	Three Months Ended
	March 31
(in thousands)	2017			2016
Operating Revenues
Higher education	$	144,310		$	165,549
Test preparation	64,568			66,462
Kaplan international	164,562			169,287
Kaplan corporate and other	14			125
Intersegment elimination	(557		)	(347		)
	$	372,897		$	401,076
Income (Loss) from Operations
Higher education	$	12,604		$	21,306
Test preparation	(2,864		)	(2,310		)
Kaplan international	7,707			4,897
Kaplan corporate and other	(8,469		)	(9,405		)
Intersegment elimination	53			—
	$	9,031		$	14,488
Depreciation of Property, Plant and Equipment
Higher education	$	3,431		$	4,175
Test preparation	1,341			1,781
Kaplan international	3,682			5,060
Kaplan corporate and other	130			87
	$	8,584		$	11,103
Amortization of Intangible Assets	$	1,120		$	1,681
Pension Expense
Higher education	$	2,044		$	1,905
Test preparation	911			768
Kaplan international	87			67
Kaplan corporate and other	(336		)	369
	$	2,706		$	3,109

Asset information for the Company's education division is as follows:

	As of
(in thousands)	March 31, 2017		December 31, 2016
Identifiable assets
Higher education	$	321,573	$	373,127
Test preparation	133,061		133,709
Kaplan international	1,000,432		950,922
Kaplan corporate and other	20,219		21,509
	$	1,475,285	$	1,479,267