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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting Information [Line Items]  
Summary of Segment Reporting Information, by Operating Segment
The following table summarizes the financial information related to each of the Company’s business segments:
  
Three Months Ended
 
Six months ended
 
June 30
 
June 30
(in thousands)
2019
 
2018
 
2019
 
2018
Operating Revenues
 
 
 
 
  
 
  
Education
$
367,763

 
$
370,005

 
$
740,217

 
$
745,504

Television broadcasting
116,628

 
114,086

 
224,851

 
222,888

Healthcare
40,641

 
38,208

 
78,369

 
75,829

Other businesses
212,614

 
150,399

 
386,448

 
287,937

Corporate office
—

 
—

 
—

 
—

Intersegment elimination
(44
)
 
(21
)
 
(84
)
 
(45
)
  
$
737,602

 
$
672,677

 
$
1,429,801

 
$
1,332,113

Income (Loss) from Operations
 
 
 
 
 
 
 
Education
$
26,305

 
$
37,554

 
$
51,900

 
$
60,254

Television broadcasting
44,494

 
41,118

 
80,034

 
81,660

Healthcare
2,598

 
764

 
4,927

 
(627
)
Other businesses
(2,196
)
 
(1,054
)
 
(11,433
)
 
(4,749
)
Corporate office
(13,238
)
 
(12,756
)
 
(27,462
)
 
(26,698
)
  
$
57,963

 
$
65,626

 
$
97,966

 
$
109,840

Equity in Earnings of Affiliates, Net
1,467

 
931

 
3,146

 
3,510

Interest Expense, Net
(6,807
)
 
(15,264
)
 
(12,532
)
 
(21,963
)
Debt Extinguishment Costs
—

 
(11,378
)
 
—

 
(11,378
)
Non-Operating Pension and Postretirement Benefit Income, Net
12,253

 
23,041

 
32,181

 
44,427

Gain (Loss) on Marketable Equity Securities, Net
7,791

 
(2,554
)
 
31,857

 
(16,656
)
Other Income, Net
1,228

 
2,333

 
30,579

 
11,520

Income Before Income Taxes
$
73,895

 
$
62,735

 
$
183,197

 
$
119,300

Depreciation of Property, Plant and Equipment
 
 
 
 
 
 
 
Education
$
6,137

 
$
6,839

 
$
12,338

 
$
14,445

Television broadcasting
3,293

 
2,974

 
6,532

 
6,045

Healthcare
607

 
647

 
1,217

 
1,300

Other businesses
3,605

 
2,906

 
6,838

 
5,965

Corporate office
242

 
253

 
482

 
506

  
$
13,884

 
$
13,619

 
$
27,407

 
$
28,261

Amortization of Intangible Assets and Impairment of Long-Lived Assets
 
 
 
 
  

 
 
Education
$
4,070

 
$
1,663

 
$
7,637

 
$
2,812

Television broadcasting
1,408

 
1,408

 
2,816

 
2,816

Healthcare
1,410

 
1,809

 
2,808

 
3,617

Other businesses
6,685

 
6,519

 
13,372

 
12,538

Corporate office
—

 
—

 
—

 
—

  
$
13,573

 
$
11,399

 
$
26,633

 
$
21,783

Pension Service Cost
 
 
 
 
  

 
 
Education
$
2,522

 
$
1,878

 
$
5,186

 
$
4,542

Television broadcasting
780

 
601

 
1,511

 
1,094

Healthcare
63

 
165

 
246

 
287

Other businesses
367

 
378

 
841

 
667

Corporate office
1,231

 
1,295

 
2,400

 
2,667

  
$
4,963

 
$
4,317

 
$
10,184

 
$
9,257

Asset information for the Company’s business segments are as follows:
  
As of
(in thousands)
June 30, 2019
 
December 31, 2018
Identifiable Assets
  
 
  
Education
$
1,789,059

 
$
1,568,747

Television broadcasting
475,379

 
452,853

Healthcare
123,876

 
108,596

Other businesses
962,227

 
827,113

Corporate office
160,095

 
162,971

  
$
3,510,636

 
$
3,120,280

Investments in Marketable Equity Securities
518,099

 
496,390

Investments in Affiliates
159,660

 
143,813

Prepaid Pension Cost
1,024,555

 
1,003,558

Total Assets
$
5,212,950

 
$
4,764,041
Education [Member]  
Segment Reporting Information [Line Items]  
Summary of Segment Reporting Information, by Operating Segment
  
Three Months Ended
 
Six months ended
  
June 30
 
June 30
(in thousands)
2019
 
2018
 
2019
 
2018
Operating Revenues
  
 
  
 
  
 
 
Kaplan international
$
188,580

 
$
184,303

 
$
374,336

 
$
367,885

Higher education
76,288

 
85,981

 
159,068

 
185,811

Test preparation
65,673

 
68,604

 
126,823

 
127,755

Professional (U.S.)
35,147

 
31,057

 
76,361

 
64,413

Kaplan corporate and other
2,369

 
442

 
4,671

 
727

Intersegment elimination
(294
)
 
(382
)
 
(1,042
)
 
(1,087
)
  
$
367,763

 
$
370,005

 
$
740,217

 
$
745,504

Income (Loss) from Operations
 
 
  

 
  

 
  

Kaplan international
$
25,537

 
$
24,187

 
$
49,822

 
$
44,591

Higher education
2,721

 
11,219

 
4,636

 
12,574

Test preparation
4,289

 
6,120

 
3,835

 
6,641

Professional (U.S.)
4,745

 
4,780

 
16,004

 
14,095

Kaplan corporate and other
(10,990
)
 
(8,763
)
 
(22,394
)
 
(17,658
)
Intersegment elimination
3

 
11

 
(3
)
 
11

  
$
26,305

 
$
37,554

 
$
51,900

 
$
60,254

Depreciation of Property, Plant and Equipment
  

 
  

 
  

 
  

Kaplan international
$
3,716

 
$
3,764

 
$
7,598

 
$
7,738

Higher education
629

 
1,274

 
1,226

 
3,132

Test preparation
779

 
973

 
1,584

 
1,951

Professional (U.S.)
959

 
670

 
1,824

 
1,312

Kaplan corporate and other
54

 
158

 
106

 
312

  
$
6,137

 
$
6,839

 
$
12,338

 
$
14,445

Amortization of Intangible Assets
$
3,377

 
$
1,663

 
$
6,944

 
$
2,812

Impairment of Long-lived Assets
$
693

 
$
—

 
$
693

 
$
—

Pension Service Cost
  

 
  

 
  

 
  

Kaplan international
$
110

 
$
84

 
$
227

 
$
167

Higher education
1,102

 
804

 
2,265

 
2,210

Test preparation
821

 
729

 
1,687

 
1,458

Professional (U.S.)
329

 
290

 
677

 
580

Kaplan corporate and other
160

 
(29
)
 
330

 
127

  
$
2,522

 
$
1,878

 
$
5,186

 
$
4,542

Asset information for the Company’s education division is as follows:
  
As of
(in thousands)
June 30, 2019
 
December 31, 2018
Identifiable assets
  
 
  
Kaplan international
$
1,225,819

 
$
1,101,040

Higher education
186,623

 
126,752

Test preparation
158,612

 
145,308

Professional (U.S.)
156,632

 
166,916

Kaplan corporate and other
61,373

 
28,731

  
$
1,789,059

 
$
1,568,747