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Other Non-Operating Income
 9 Months Ended
Sep. 30, 2019
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)
2019
 
2018
 
2019
 
2018
Gain on sale of an equity affiliate
$
—

 
$
—

 
$
28,994

 
$
—

Gain on cost method investments
3,669

 
8,487

 
5,080

 
8,487

Foreign currency gain (loss), net
661

 
(116
)
 
1,284

 
(2,205
)
Impairment of a cost method investment
—

 
(2,500
)
 
—

 
(2,500
)
Gain on sales of businesses
486

 
916

 
907

 
8,157

Gain on sale of cost method investments
259

 
—

 
259

 
2,845

(Loss) gain on sale of property, plant and equipment
(38
)
 
—

 
(82
)
 
2,542

Other gain (loss), net
519

 
(3,645
)
 
(307
)
 
(2,664
)
Total Other Non-Operating Income
$
5,556

 
$
3,142

 
$
36,135

 
$
14,662


In the third quarter of 2019, the Company recorded a $3.7 million gain resulting from observable price changes in the fair value of equity securities accounted for under the cost method.
In the first quarter of 2019, the Company recorded a $1.3 million gain resulting from observable price changes in the fair value of equity securities accounted for under the cost method.
In the first quarter of 2019, the Company recorded a $29.0 million gain on the sale of the Company’s interest in Gimlet Media.
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 a $1.9 million in contingent consideration gains related to the sale of a business (see Note 2).