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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 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
As of December 31, 2015
 
 
 
 
 
 
 
Goodwill
$
1,006,096

 
$
168,345

 
$
202,814

 
$
1,377,255

Accumulated impairment losses
(350,850
)
 

 
(8,892
)
 
(359,742
)
 
655,246

 
168,345

 
193,922

 
1,017,513

Measurement period adjustment
(2,781
)
 

 
(17,243
)
 
(20,024
)
Acquisitions
161,938

 

 
22,180

 
184,118

Impairment

 

 
(1,603
)
 
(1,603
)
Dispositions

 

 
(2,800
)
 
(2,800
)
Foreign currency exchange rate changes
(54,250
)
 

 

 
(54,250
)
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
19,174

 
22,470

 
101,505

 
143,149

Impairment

 

 
(7,616
)
 
(7,616
)
Dispositions

 

 
(412
)
 
(412
)
Foreign currency exchange rate changes
41,635

 

 

 
41,635

As of December 31, 2017
 
 
 
 
 
 
 
Goodwill
1,171,812

 
190,815

 
303,234

 
1,665,861

Accumulated impairment losses
(350,850
)
 

 
(15,301
)
 
(366,151
)
 
$
820,962

 
$
190,815

 
$
287,933

 
$
1,299,710

Other Intangible Assets
Other intangible assets consist of the following:
 
 
 
As of December 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)
 
$
260,464

 
$
83,690

 
$
176,774

 
$
129,616

 
$
55,863

 
$
73,753

Trade names and trademarks
2–10 years
 
50,286

 
25,596

 
24,690

 
55,240

 
29,670

 
25,570

Network affiliation agreements
10 years
 
17,400

 
1,668

 
15,732

 

 

 

Databases and technology
3–6 years (1)
 
19,563

 
5,008

 
14,555

 
5,601

 
4,368

 
1,233

Noncompete agreements
2–5 years
 
930

 
467

 
463

 
1,730

 
1,404

 
326

Other
1–8 years
 
13,430

 
7,668

 
5,762

 
12,030

 
4,973

 
7,057

 
 
 
$
362,073

 
$
124,097

 
$
237,976

 
$
204,217

 
$
96,278

 
$
107,939

Indefinite-Lived Intangible Assets
 
 
 
 
 

 
 

 
 
 
 

 
 

Trade names and trademarks
 
 
$
82,745

 
 

 
 

 
$
65,192

 
 
 
 
FCC licenses
 
 
18,800

 
 
 
 
 

 
 
 
 
Licensure and accreditation
 
 
650

 
 

 
 

 
834

 
 

 
 

 
 
 
$
102,195

 
 

 
 

 
$
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
As of December 31, 2015
 
 
 
 
 
 
 
Goodwill
$
392,457

 
$
166,098

 
$
447,541

 
$
1,006,096

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

 
(350,850
)
 
143,866

 
63,839

 
447,541

 
655,246

Measurement period adjustment
(2,781
)
 

 

 
(2,781
)
Acquisitions

 

 
161,938

 
161,938

Foreign currency exchange rate changes
44

 

 
(54,294
)
 
(54,250
)
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

 

 
19,174

 
19,174

Foreign currency exchange rate changes
133

 

 
41,502

 
41,635

As of December 31, 2017
 

 
 

 
 

 
 
Goodwill
389,853

 
166,098

 
615,861

 
1,171,812

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

 
(350,850
)
 
$
141,262

 
$
63,839

 
$
615,861

 
$
820,962