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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2019
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands)
Education
 
Television
Broadcasting
 
Manufacturing
 
Healthcare
 
SocialCode
 
Other
Businesses
 
Total
Balance as of December 31, 2018
  
 
  
 
 
 
 
 
 
 
  
 
  
Goodwill
$
1,128,699

 
$
190,815

 
$
231,479

 
$
69,626

 
$
15,860

 
$
7,685

 
$
1,644,164

Accumulated impairment losses
(331,151
)
 

 
(7,616
)
 

 

 
(7,685
)
 
(346,452
)
 
797,548

 
190,815

 
223,863

 
69,626

 
15,860

 

 
1,297,712

Acquisitions
6,391

 

 
2,714

 
8,283

 

 
45,999

 
63,387

Foreign currency exchange rate changes
(15,706
)
 

 

 

 

 

 
(15,706
)
Balance as of September 30, 2019
  

 
  

 
 
 
 
 
 
 
  

 
  

Goodwill
1,119,384

 
190,815

 
234,193

 
77,909

 
15,860

 
53,684

 
1,691,845

Accumulated impairment losses
(331,151
)
 

 
(7,616
)
 

 

 
(7,685
)
 
(346,452
)
 
$
788,233

 
$
190,815

 
$
226,577

 
$
77,909

 
$
15,860

 
$
45,999

 
$
1,345,393


Other Intangible Assets
Other intangible assets consist of the following:
 
 
 
As of September 30, 2019
 
As of December 31, 2018
(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
2–10 years
 
$
291,662

 
$
136,319

 
$
155,343

 
$
282,761

 
$
114,429

 
$
168,332

Trade names and trademarks
2–10 years
 
92,568

 
46,204

 
46,364

 
87,285

 
39,825

 
47,460

Network affiliation agreements
10 years
 
17,400

 
4,712

 
12,688

 
17,400

 
3,408

 
13,992

Databases and technology
3–6 years
 
30,274

 
12,221

 
18,053

 
27,041

 
8,471

 
18,570

Noncompete agreements
2–5 years
 
1,353

 
931

 
422

 
1,088

 
838

 
250

Other
1–8 years
 
24,890

 
12,367

 
12,523

 
24,530

 
9,873

 
14,657

  
  
 
$
458,147

 
$
212,754

 
$
245,393

 
$
440,105

 
$
176,844

 
$
263,261

Indefinite-Lived Intangible Assets
  
 
  
 
  

 
  

 
  
 
  

 
  

Trade names and trademarks
  
 
$
97,527

 
  

 
  

 
$
80,102

 
  

 
  

Franchise agreements
 
 
28,000

 
 
 
 
 

 
 
 
 
FCC licenses
 
 
18,800

 
 
 
 
 
18,800

 
 
 
 
Licensure and accreditation
  
 
150

 
  

 
  

 
150

 
  

 
  

 
  
 
$
144,477

 
 
 
 
 
$
99,052

 
 
 
 

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)
Kaplan
International
 
Higher
Education
 
Test
Preparation
 
Professional (U.S.)
 
Total
Balance as of December 31, 2018
  
 
  
 
  
 
 
 
  
Goodwill
$
583,424

 
$
174,564

 
$
166,920

 
$
203,791

 
$
1,128,699

Accumulated impairment losses

 
(111,324
)
 
(102,259
)
 
(117,568
)
 
(331,151
)
 
583,424

 
63,240

 
64,661

 
86,223

 
797,548

Acquisitions
6,391

 

 

 

 
6,391

Foreign currency exchange rate changes
(15,760
)
 

 

 
54

 
(15,706
)
Balance as of September 30, 2019
  

 
  

 
  

 
 
 
  

Goodwill
574,055

 
174,564

 
166,920

 
203,845

 
1,119,384

Accumulated impairment losses

 
(111,324
)
 
(102,259
)
 
(117,568
)
 
(331,151
)
 
$
574,055

 
$
63,240

 
$
64,661

 
$
86,277

 
$
788,233