Business Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment

Company information broken down by operating segment and education division:

	Year Ended December 31
(in thousands)	2019			2018			2017
Operating Revenues
Education	$	1,451,750		$	1,451,015		$	1,516,776
Television broadcasting	463,464			505,549			409,916
Manufacturing	449,053			487,619			414,193
Healthcare	161,768			149,275			154,202
SocialCode	62,754			58,728			62,077
Other businesses	344,092			43,880			34,733
Corporate office	—			—			—
Intersegment elimination	(782		)	(100		)	(51		)
	$	2,932,099		$	2,695,966		$	2,591,846
Income (Loss) from Operations
Education	$	48,072		$	97,136		$	77,687
Television broadcasting	152,668			210,533			139,258
Manufacturing	20,467			28,851			14,947
Healthcare	7,908			(8,401		)	(2,569		)
SocialCode	(3,283		)	(1,081		)	(3,674		)
Other businesses	(30,129		)	(28,016		)	(30,536		)
Corporate office	(51,157		)	(52,861		)	(58,710		)
	$	144,546		$	246,161		$	136,403
Equity in Earnings (Losses) of Affiliates, Net	11,664			14,473			(3,249		)
Interest Expense, Net	(23,628		)	(32,549		)	(27,305		)
Debt Extinguishment Costs	—			(11,378		)	—
Non-Operating Pension and Postretirement Benefit Income, Net	162,798			120,541			72,699
Gain (Loss) on Marketable Equity Securities, net	98,668			(15,843		)	—
Other Income, Net	32,431			2,103			4,241
Income Before Income Taxes	$	426,479		$	323,508		$	182,789
Depreciation of Property, Plant and Equipment
Education	$	25,655		$	28,099		$	32,906
Television broadcasting	12,817			13,204			12,179
Manufacturing	10,036			9,515			9,173
Healthcare	2,314			2,577			4,583
SocialCode	1,017			797			1,004
Other businesses	6,539			1,523			1,546
Corporate office	875			1,007			1,118
	$	59,253		$	56,722		$	62,509
Amortization of Intangible Assets and Impairment of Goodwill and
Other Long-Lived Assets
Education	$	15,608		$	9,362		$	5,162
Television broadcasting	13,408			5,632			6,349
Manufacturing	26,342			24,746			31,052
Healthcare	6,411			14,855			7,905
SocialCode	626			928			333
Other businesses	—			—			—
Corporate office	—			—			—
	$	62,395		$	55,523		$	50,801
Pension Service Cost
Education	$	10,385		$	8,753		$	9,720
Television broadcasting	3,025			2,188			1,942
Manufacturing	80			72			79
Healthcare	492			573			665
SocialCode	877			723			593
Other businesses	763			578			453
Corporate office	4,800			5,334			5,235
	$	20,422		$	18,221		$	18,687
Capital Expenditures
Education	$	57,246		$	54,159		$	27,520
Television broadcasting	19,362			27,013			16,802
Manufacturing	11,218			14,806			8,012
Healthcare	2,303			1,741			2,987
SocialCode	643			113			756
Other businesses	3,060			235			1,003
Corporate office	115			—			—
	$	93,947		$	98,067		$	57,080

Asset information for the Company’s business segments is as follows:

	As of December 31
(in thousands)	2019		2018
Identifiable Assets
Education	$	2,032,425	$	1,568,747
Television broadcasting	463,689		452,853
Manufacturing	564,251		593,111
Healthcare	160,033		108,596
SocialCode	221,746		213,394
Other businesses	345,649		20,608
Corporate office	103,764		162,971
	$	3,891,557	$	3,120,280
Investments in Marketable Equity Securities	585,080		496,390
Investments in Affiliates	162,249		143,813
Prepaid Pension Cost	1,292,350		1,003,558
Total Assets	$	5,931,236	$	4,764,041

Education [Member]

Segment Reporting Information [Line Items]

Schedule of Restructuring Costs

Across all Kaplan businesses, restructuring costs of $9.1 million were recorded in 2017 as follows:

	Year Ended
(in thousands)	December 31, 2017
Accelerated depreciation	$	339
Severance	6,099
Other	2,627
	$	9,065

Summary of Segment Reporting Information, by Operating Segment

The Company’s education division comprises the following operating segments:

	Year Ended December 31
(in thousands)	2019			2018			2017
Operating Revenues
Kaplan international	$	750,245		$	719,982		$	697,999
Higher education	305,672			342,085			431,425
Test preparation	243,917			256,102			273,298
Professional (U.S.)	144,897			134,187			115,839
Kaplan corporate and other	9,480			1,142			294
Intersegment elimination	(2,461		)	(2,483		)	(2,079		)
	$	1,451,750		$	1,451,015		$	1,516,776
Income (Loss) from Operations
Kaplan international	$	42,129		$	70,315		$	51,623
Higher education	13,960			15,217			16,719
Test preparation	7,399			19,096			11,507
Professional (U.S.)	27,088			28,608			27,558
Kaplan corporate and other	(42,499		)	(36,064		)	(29,863		)
Intersegment elimination	(5		)	(36		)	143
	$	48,072		$	97,136		$	77,687
Depreciation of Property, Plant and Equipment
Kaplan international	$	15,394		$	15,755		$	14,892
Higher education	2,883			4,826			9,117
Test preparation	3,284			3,941			5,286
Professional (U.S.)	3,848			3,096			3,041
Kaplan corporate and other	246			481			570
	$	25,655		$	28,099		$	32,906
Amortization of Intangible Assets	$	14,915		$	9,362		$	5,162
Impairment of Long-Lived Assets	$	693		$	—		$	—
Pension Service Cost
Kaplan international	$	454		$	298		$	264
Higher education	4,535			4,310			5,269
Test preparation	3,378			2,611			2,755
Professional (U.S.)	1,356			1,162			913
Kaplan corporate and other	662			372			519
	$	10,385		$	8,753		$	9,720
Capital Expenditures
Kaplan international	$	48,362		$	44,469		$	21,667
Higher education	3,463			4,045			2,158
Test preparation	1,527			681			1,038
Professional (U.S.)	3,835			4,845			2,475
Kaplan corporate and other	59			119			182
	$	57,246		$	54,159		$	27,520

Asset information for the Company’s education division is as follows:

	As of December 31
(in thousands)	2019		2018
Identifiable Assets
Kaplan international	$	1,455,122	$	1,101,040
Higher education	196,761		126,752
Test preparation	151,655		145,308
Professional (U.S.)	160,799		166,916
Kaplan corporate and other	68,088		28,731
	$	2,032,425	$	1,568,747