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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Changes in Carrying Amount of Goodwill The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands)EducationTelevision
Broadcasting
ManufacturingHealthcareAutomotiveOther
Businesses
Total
Balance as of December 31, 2021        
Goodwill$1,186,236 $190,815 $234,993 $118,329 $45,826 $253,399 $2,029,598 
Accumulated impairment losses
(331,151)— (34,302)— — (14,563)(380,016)
855,085 190,815 200,691 118,329 45,826 238,836 1,649,582 
Measurement period adjustments
1,000   250  (2,183)(933)
Acquisitions   5,971   5,971 
Foreign currency exchange rate changes
(36,972)     (36,972)
Balance as of June 30, 2022        
Goodwill1,150,264 190,815 234,993 124,550 45,826 251,216 1,997,664 
Accumulated impairment losses
(331,151) (34,302)  (14,563)(380,016)
$819,113 $190,815 $200,691 $124,550 $45,826 $236,653 $1,617,648 
Other Intangible Assets
Other intangible assets consist of the following:
As of June 30, 2022As of December 31, 2021
(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
$297,886 $218,349 $79,537 $300,027 $206,714 $93,313 
Trade names and trademarks
2–15 years
158,006 75,092 82,914 158,365 68,113 90,252 
Databases and technology
3–6 years
36,186 29,309 6,877 36,585 26,464 10,121 
Network affiliation agreements
10 years
17,400 9,497 7,903 17,400 8,628 8,772 
Noncompete agreements
2–5 years
1,000 993 7 1,000 991 
Other
1–8 years
68,900 29,526 39,374 68,500 23,847 44,653 
    $579,378 $362,766 $216,612 $581,877 $334,757 $247,120 
Indefinite-Lived Intangible Assets
              
Trade names and trademarks  $82,316     $86,972     
Franchise agreements44,058 44,058 
FCC licenses11,000 11,000 
Licensure and accreditation  150     150     
Other21 — 
  $137,545 $142,180 
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
Supplemental EducationTotal
Balance as of December 31, 2021      
Goodwill$621,268 $174,564 $390,404 $1,186,236 
Accumulated impairment losses— (111,324)(219,827)(331,151)
621,268 63,240 170,577 855,085 
Measurement period adjustments  1,000 1,000 
Foreign currency exchange rate changes(36,962) (10)(36,972)
Balance as of June 30, 2022      
Goodwill584,306 174,564 391,394 1,150,264 
Accumulated impairment losses (111,324)(219,827)(331,151)
$584,306 $63,240 $171,567 $819,113