Business Segments (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment

The following tables summarize the financial information related to each of the Company’s business segments:

	Three months ended
	March 31
(in thousands)	2021		2020
Operating Revenues
Education	$	329,317	$	356,378
Television broadcasting	113,625		115,448
Manufacturing	115,960		113,458
Healthcare	50,043		45,994
Other businesses	104,039		101,282
Corporate office	—		—
Intersegment elimination	(529)		(303)
	$	712,455	$	732,257
Income (Loss) from Operations before Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets
Education	$	24,148	$	8,893
Television broadcasting	34,337		37,136
Manufacturing	15,894		13,638
Healthcare	7,921		4,479
Other businesses	(18,692)		(16,923)
Corporate office	(14,780)		(8,572)
	$	48,828	$	38,651
Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets
Education	$	5,212	$	4,201
Television broadcasting	1,359		1,360
Manufacturing	6,987		7,137
Healthcare	781		1,310
Other businesses	645		16,558
Corporate office	—		—
	$	14,984	$	30,566
Income (Loss) from Operations
Education	$	18,936	$	4,692
Television broadcasting	32,978		35,776
Manufacturing	8,907		6,501
Healthcare	7,140		3,169
Other businesses	(19,337)		(33,481)
Corporate office	(14,780)		(8,572)
	$	33,844	$	8,085
Equity in Earnings (Losses) of Affiliates, Net	13,428		(1,547)
Interest Expense, Net	(7,558)		(6,527)
Non-Operating Pension and Postretirement Benefit Income, Net	28,787		18,403
Gain (Loss) on Marketable Equity Securities, Net	79,214		(100,393)
Other Income, Net	6,320		2,688
Income (Loss) Before Income Taxes	$	154,035	$	(79,291)
Depreciation of Property, Plant and Equipment
Education	$	7,780	$	7,329
Television broadcasting	3,473		3,343
Manufacturing	2,517		2,527
Healthcare	317		540
Other businesses	2,290		2,790
Corporate office	168		175
	$	16,545	$	16,704
Pension Service Cost
Education	$	2,283	$	2,585
Television broadcasting	835		796
Manufacturing	395		394
Healthcare	172		159
Other businesses	369		463
Corporate office	1,548		1,386
	$	5,602	$	5,783

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

	As of
(in thousands)	March 31, 2021		December 31, 2020
Identifiable Assets
Education	$	1,901,257	$	1,975,104
Television broadcasting	450,403		453,988
Manufacturing	557,631		551,611
Healthcare	160,033		160,654
Other businesses	506,936		517,533
Corporate office	341,980		348,045
	$	3,918,240	$	4,006,935
Investments in Marketable Equity Securities	700,352		573,102
Investments in Affiliates	169,203		155,777
Prepaid Pension Cost	1,730,625		1,708,305
Total Assets	$	6,518,420	$	6,444,119

Education [Member]

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment

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

	Three months ended
	March 31
(in thousands)	2021		2020
Operating Revenues
Kaplan international	$	171,895	$	199,615
Higher education	75,686		73,537
Supplemental education	79,655		81,288
Kaplan corporate and other	3,363		3,205
Intersegment elimination	(1,282)		(1,267)
	$	329,317	$	356,378
Income (Loss) From Operations before Amortization of Intangible Assets and Impairment of Long-Lived Assets
Kaplan international	$	10,207	$	18,980
Higher education	6,253		(2,020)
Supplemental education	12,497		(6,550)
Kaplan corporate and other	(4,907)		(1,522)
Intersegment elimination	98		5
	$	24,148	$	8,893
Amortization of Intangible Assets	$	4,165	$	4,201
Impairment of Long-Lived Assets	$	1,047	$	—
Income (Loss) from Operations
Kaplan international	$	10,207	$	18,980
Higher education	6,253		(2,020)
Supplemental education	12,497		(6,550)
Kaplan corporate and other	(10,119)		(5,723)
Intersegment elimination	98		5
	$	18,936	$	4,692
Depreciation of Property, Plant and Equipment
Kaplan international	$	5,252	$	4,578
Higher education	852		723
Supplemental education	1,576		1,939
Kaplan corporate and other	100		89
	$	7,780	$	7,329
Pension Service Cost
Kaplan international	$	71	$	112
Higher education	1,083		1,070
Supplemental education	931		1,085
Kaplan corporate and other	198		318
	$	2,283	$	2,585

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

	As of
(in thousands)	March 31, 2021		December 31, 2020
Identifiable Assets
Kaplan international	$	1,387,772	$	1,455,722
Higher education	188,602		187,123
Supplemental education	265,408		274,687
Kaplan corporate and other	59,475		57,572
	$	1,901,257	$	1,975,104