XML 12 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Revenues                      
Education $ 380,953 $ 377,033 $ 386,698 $ 372,975 $ 391,261 $ 386,936 $ 419,144 $ 401,006 $ 1,517,659 $ 1,598,347 $ 1,927,405
Advertising 84,517 74,198 77,437 69,221 90,707 91,597 75,494 73,104 305,373 330,902 299,076
Other 210,347 205,994 211,952 140,521 147,611 143,105 134,295 127,630 768,814 552,641 359,633
Total Operating Revenues 675,817 657,225 676,087 582,717 629,579 621,638 628,933 601,740 2,591,846 2,481,890 2,586,114
Operating Costs and Expenses                      
Operating 371,922 374,987 381,747 325,687 320,677 314,513 318,612 316,228 1,454,343 1,270,030 1,306,863
Selling, general and administrative 225,477 228,051 208,973 225,289 208,281 232,080 229,442 226,294 887,790 896,097 1,080,768
Depreciation of property, plant and equipment 15,984 16,002 15,871 14,652 15,717 16,097 16,045 16,761 62,509 64,620 77,906
Amortization of Intangible Assets 12,897 10,923 10,531 6,836 7,511 6,620 6,278 6,262 41,187 26,671 19,017
Impairment of goodwill and other long-lived assets 78 312 9,224 0         9,614 1,603 259,700
Total Operating Costs and Expenses 626,358 630,275 626,346 572,464 553,789 569,310 570,377 565,545 2,455,443 2,259,021 2,744,254
Income (Loss) from Operations 49,459 26,950 49,741 10,253 75,790 52,328 58,556 36,195 136,403 222,869 (158,140)
Equity in losses of affiliates, net (4,697) (532) 1,331 649 (7,042) (1,008) (891) 1,004 (3,249) (7,937) (697)
Interest Income 3,184 861 1,173 1,363 1,041 740 721 591 6,581 3,093 1,909
Interest expense (8,103) (8,619) (9,035) (8,129) (10,857) (8,614) (7,971) (7,948) (33,886) (35,390) (32,654)
Non-operating pension and postretirement benefit income, net 17,657 17,621 18,620 18,801 33,699 15,705 15,584 15,677 72,699 80,665 77,315
Other income (expense), net (2,640) 1,963 4,069 849 (28,513) (18,225) 19,000 15,096 4,241 (12,642) (8,623)
Income (Loss) from Continuing Operations Before Income Taxes 54,860 38,244 65,899 23,786 64,118 40,926 84,999 60,615 182,789 250,658 (120,890)
(Benefit from) Provision for Income Taxes (159,700) 13,400 23,900 2,700 27,200 7,800 23,800 22,400 (119,700) 81,200 20,500
Income (Loss) from Continuing Operations                 302,489 169,458 (141,390)
Income from Discontinued Operations, Net of Tax                 0 0 42,170
Net Income (Loss) 214,560 24,844 41,999 21,086 36,918 33,126 61,199 38,215 302,489 169,458 (99,220)
Net Income Attributable to Noncontrolling Interests (382) (60) (3) 0 0 0 (433) (435) (445) (868) (1,435)
Net Income (Loss) Attributable to Graham Holdings Company                 302,044 168,590 (100,655)
Redeemable Preferred Stock Dividends                 0 0 (631)
Net income (loss) attributable to Graham Holdings Company common stockholders 214,178 24,784 41,996 21,086 36,918 33,126 60,766 37,780 302,044 168,590 (101,286)
Amounts Attributable to Graham Holdings Company Common Stockholders                      
Income (loss) from continuing operations                 302,044 168,590 (143,456)
Income from Discontinued Operations, Net of Tax                 0 0 42,170
Net income (loss) attributable to Graham Holdings Company common stockholders $ 214,178 $ 24,784 $ 41,996 $ 21,086 $ 36,918 $ 33,126 $ 60,766 $ 37,780 $ 302,044 $ 168,590 $ (101,286)
Per Share Information Attributable to Graham Holdings Company Common Stockholders                      
Basic income (loss) per common share from continuing operations in dollars per share                 $ 54.24 $ 29.95 $ (25.23)
Basic income per common share from discontinued operations in dollars per share                 0.00 0.00 7.36
Basic net income (loss) per common share in dollars per share $ 38.76 $ 4.45 $ 7.51 $ 3.77 $ 6.60 $ 5.90 $ 10.82 $ 6.63 $ 54.24 $ 29.95 $ (17.87)
Basic average number of common shares outstanding in shares 5,473 5,518 5,539 5,535 5,527 5,544 5,544 5,623 5,516 5,559 5,727
Diluted income (loss) per common share from continuing operations in dollars per share                 $ 53.89 $ 29.80 $ (25.23)
Diluted income per common share from discontinued operations in dollars per share                 0.00 0.00 7.36
Diluted net income (loss) per common share in dollars per share $ 38.52 $ 4.42 $ 7.46 $ 3.75 $ 6.57 $ 5.87 $ 10.76 $ 6.59 $ 53.89 $ 29.80 $ (17.87)
Diluted average number of common shares outstanding in shares 5,509 5,554 5,577 5,569 5,556 5,574 5,574 5,652 5,552 5,589 5,727