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Other Non-Operating Income
 9 Months Ended
Sep. 30, 2018
Other Nonoperating Income (Expense) [Abstract]  
Other Non-Operating Income
OTHER NON-OPERATING INCOME
A summary of non-operating income is as follows:
 
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
(in thousands)
2018
 
2017
 
2018
 
2017
Gain on cost method investments
$
8,487

 
$
—

 
$
8,487

 
$
—

Impairment of cost method investments
(2,500
)
 
(200
)
 
(2,500
)
 
(200
)
Gain (loss) on sales of businesses
916

 
—

 
8,157

 
(342
)
Gain on sale of a cost method investment
—

 
—

 
2,845

 
—

Gain on sale of land
—

 
—

 
2,542

 
—

Foreign currency (loss) gain, net
(116
)
 
1,414

 
(2,205
)
 
6,608

Other, net
(3,645
)
 
749

 
(2,664
)
 
815

Total Other Non-Operating Income
$
3,142

 
$
1,963

 
$
14,662

 
$
6,881


In the third quarter of 2018, the Company recorded an $8.5 million gain resulting from observable price changes in the fair value of equity securities accounted for under the cost method.
In the first nine months of 2018, the Company recorded an $8.2 million gain on the sale of three businesses in the education division, including a gain of $4.3 million on the Kaplan University transaction and $1.9 million in contingent consideration gains related to the sale of a business (see Note 2).