XML 32 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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
18,986

 
24,256

 
94,758

 
138,000

Impairment

 

 
(7,616
)
 
(7,616
)
Dispositions

 

 
(412
)
 
(412
)
Foreign currency exchange rate changes
26,968

 

 

 
26,968

Balance as of June 30, 2017
  

 
  

 
  

 
  

Goodwill
1,156,957

 
192,601

 
296,487

 
1,646,045

Accumulated impairment losses
(350,850
)
 

 
(15,301
)
 
(366,151
)
 
$
806,107

 
$
192,601

 
$
281,186

 
$
1,279,894

Other Intangible Assets
Other intangible assets consist of the following:
 
 
 
As of June 30, 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)
 
$
224,280

 
$
66,780

 
$
157,500

 
$
129,616

 
$
55,863

 
$
73,753

Trade names and trademarks
2–10 years
 
56,995

 
31,920

 
25,075

 
55,240

 
29,670

 
25,570

Network affiliation agreements
15 years
 
42,600

 
1,302

 
41,298

 

 

 

Databases and technology
3–6 years (1)
 
19,505

 
3,321

 
16,184

 
5,601

 
4,368

 
1,233

Noncompete agreements
2–5 years
 
2,180

 
1,480

 
700

 
1,730

 
1,404

 
326

Other
1–8 years
 
13,730

 
6,150

 
7,580

 
12,030

 
4,973

 
7,057

  
  
 
$
359,290

 
$
110,953

 
$
248,337

 
$
204,217

 
$
96,278

 
$
107,939

Indefinite-Lived Intangible Assets
  
 
  
 
  

 
  

 
  
 
  

 
  

Trade names and trademarks
  
 
$
82,810

 
  

 
  

 
$
65,192

 
  

 
  

FCC licenses
 
 
26,600

 
 
 
 
 

 
 
 
 
Licensure and accreditation
  
 
650

 
  

 
  

 
834

 
  

 
  

 
  
 
$
110,060

 
 
 
 
 
$
66,026

 
 
 
 
____________
(1)
As of December 31, 2016, the student and customer relationships’ minimum useful life was 2 years and the databases and technology’s maximum useful life was 5 years.
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

 

 
18,986

 
18,986

Foreign currency exchange rate changes
70

 

 
26,898

 
26,968

Balance as of June 30, 2017
  

 
  

 
  

 
  

Goodwill
389,790

 
166,098

 
601,069

 
1,156,957

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

 
(350,850
)
 
$
141,199

 
$
63,839

 
$
601,069

 
$
806,107