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Business Segments (Tables)
 3 Months Ended
Mar. 31, 2023
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)20232022
Operating Revenues    
Education$378,041 $358,012 
Television broadcasting112,877 123,419 
Manufacturing114,584 115,940 
Healthcare102,059 67,255 
Automotive232,561 150,967 
Other businesses92,008 99,617 
Corporate office— — 
Intersegment elimination(584)(489)
  $1,031,546 $914,721 
Income (Loss) from Operations before Amortization of Intangible Assets and Impairment of Long-Lived Assets




Education$27,456 $24,558 
Television broadcasting29,945 41,258 
Manufacturing12,190 15,138 
Healthcare3,890 7,288 
Automotive10,843 7,078 
Other businesses(27,906)(27,430)
Corporate office(14,073)(13,007)
$42,345 $54,883 
Amortization of Intangible Assets and Impairment of Long-Lived Assets
Education$4,416 $4,146 
Television broadcasting1,362 1,360 
Manufacturing4,862 5,163 
Healthcare954 929 
Automotive— — 
Other businesses3,095 3,314 
Corporate office— — 
$14,689 $14,912 
Income (Loss) from Operations
Education$23,040 $20,412 
Television broadcasting28,583 39,898 
Manufacturing7,328 9,975 
Healthcare2,936 6,359 
Automotive10,843 7,078 
Other businesses(31,001)(30,744)
Corporate office(14,073)(13,007)
  $27,656 $39,971 
Equity in Earnings of Affiliates, Net4,661 2,604 
Interest Expense, Net(13,090)(10,702)
Non-Operating Pension and Postretirement Benefit Income, Net
31,845 50,505 
Gain on Marketable Equity Securities, Net
18,022 46,912 
Other Income, Net
3,083 2,876 
Income Before Income Taxes
$72,177 $132,166 
  Three Months Ended 
 March 31
(in thousands)20232022
Depreciation of Property, Plant and Equipment
Education$8,968 $8,505 
Television broadcasting3,036 3,289 
Manufacturing2,282 2,428 
Healthcare1,104 410 
Automotive1,113 777 
Other businesses3,369 3,915 
Corporate office153 151 
  $20,025 $19,475 
Pension Service Cost  
Education$2,198 $2,536 
Television broadcasting860 926 
Manufacturing275 328 
Healthcare4,357 186 
Automotive5 6 
Other businesses572 520 
Corporate office976 1,529 
  $9,243 $6,031 
Asset information for the Company’s business segments is as follows:
  As of
(in thousands)March 31, 2023December 31, 2022
Identifiable Assets    
Education$1,952,768 $1,987,042 
Television broadcasting424,185 431,084 
Manufacturing488,192 486,487 
Healthcare255,542 249,845 
Automotive440,036 427,221 
Other businesses445,409 475,583 
Corporate office66,087 70,567 
  $4,072,219 $4,127,829 
Investments in Marketable Equity Securities603,543 609,921 
Investments in Affiliates194,960 186,419 
Prepaid Pension Cost1,671,477 1,658,046 
Total Assets$6,542,199 $6,582,215 
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)20232022
Operating Revenues  
Kaplan international$227,076 $204,513 
Higher education76,345 75,808 
Supplemental education73,587 76,304 
Kaplan corporate and other5,375 4,345 
Intersegment elimination(4,342)(2,958)
  $378,041 $358,012 
Income (Loss) From Operations before Amortization of Intangible Assets and Impairment of Long-Lived Assets
Kaplan international$21,301 $20,564 
Higher education6,661 5,037 
Supplemental education3,751 3,371 
Kaplan corporate and other(4,416)(4,433)
Intersegment elimination159 19 
$27,456 $24,558 
Amortization of Intangible Assets$3,939 $4,146 
Impairment of Long-Lived Assets$477 $— 
Income (Loss) from Operations    
Kaplan international$21,301 $20,564 
Higher education6,661 5,037 
Supplemental education3,751 3,371 
Kaplan corporate and other(8,832)(8,579)
Intersegment elimination159 19 
  $23,040 $20,412 
Depreciation of Property, Plant and Equipment
    
Kaplan international$6,330 $5,755 
Higher education996 1,020 
Supplemental education1,509 1,639 
Kaplan corporate and other133 91 
  $8,968 $8,505 
Pension Service Cost    
Kaplan international$80 $72 
Higher education922 1,081 
Supplemental education1,024 1,182 
Kaplan corporate and other172 201 
  $2,198 $2,536 
Asset information for the Company’s education division is as follows:
  As of
(in thousands)March 31, 2023December 31, 2022
Identifiable Assets    
Kaplan international$1,449,063 $1,479,833 
Higher education182,720 174,033 
Supplemental education256,050 268,499 
Kaplan corporate and other64,935 64,677 
  $1,952,768 $1,987,042