XML 17 R23.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Other Non-Operating Income
 12 Months Ended
Dec. 31, 2019
Other Nonoperating Income (Expense) [Abstract]  
Other Non-Operating Income
OTHER NON-OPERATING INCOME
A summary of non-operating income is as follows:
 
Year Ended December 31
(in thousands)
2019
 
2018
 
2017
Gain on sale of an equity affiliate
$
28,994

 
$
—

 
$
—

Loss on guarantor obligations
(1,075
)
 
(17,518
)
 
—

Net gain on cost method investments
5,080

 
11,663

 
—

Net (loss) gain on sales of businesses
(564
)
 
8,157

 
(569
)
Foreign currency (loss) gain, net
(1,070
)
 
(3,844
)
 
3,310

Gain on sale of cost method investments
267

 
2,845

 
16

Impairment of cost method investments
—

 
(2,697
)
 
(200
)
Net (loss) gain on sale of property, plant and equipment
(82
)
 
2,539

 
—

Other, net
881

 
958

 
1,684

Total Other Non-Operating Income
$
32,431

 
$
2,103

 
$
4,241


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 first and third quarter of 2019, the Company recorded gains of $1.3 million and $3.7 million, respectively, resulting from observable price changes in the fair value of equity securities accounted for under the cost method.
In 2018, the Company recorded a $17.5 million loss in guarantor lease obligations in connection with the sale of the KHE Campuses business.
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 fourth quarter of 2018, an additional $3.2 million gain was recorded.
In 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 3).