Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill, by segment, were as follows:

(in thousands)	Education		Television Broadcasting		Manufacturing		Healthcare		Automotive		Other Businesses		Total
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 adjustment	1,081		—		—		249		—		(2,183)		(853)
Acquisitions	—		—		—		17,292		38,871		—		56,163
Impairment	—		—		—		—		—		(102,124)		(102,124)
Foreign currency exchange rate changes	(41,815)		—		—		—		—		—		(41,815)
As of December 31, 2022
Goodwill	1,145,502		190,815		234,993		135,870		84,697		251,216		2,043,093
Accumulated impairment losses	(331,151)		—		(34,302)		—		—		(116,687)		(482,140)
	814,351		190,815		200,691		135,870		84,697		134,529		1,560,953
Measurement period adjustment	—		—		—		(2,217)		—		—		(2,217)
Acquisitions	—		—		—		1,385		44,583		—		45,968
Impairment	—		—		(47,760)		—		—		(50,239)		(97,999)
Foreign currency exchange rate changes	18,489		—		—		—		—		—		18,489
As of December 31, 2023
Goodwill	1,163,991		190,815		234,993		135,038		129,280		251,216		2,105,333
Accumulated impairment losses	(331,151)		—		(82,062)		—		—		(166,926)		(580,139)
	$	832,840	$	190,815	$	152,931	$	135,038	$	129,280	$	84,290	$	1,525,194

Other Intangible Assets

Other intangible assets consist of the following:

		As of December 31, 2023						As of December 31, 2022
(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	$	283,098	$	236,776	$	46,322	$	297,766	$	230,429	$	67,337
Trade names and trademarks	2–15 years	143,389		90,558		52,831		148,102		81,078		67,024
Network affiliation agreements	10 years	17,400		13,348		4,052		17,400		10,367		7,033
Databases and technology	3–6 years	36,538		35,712		826		36,216		32,219		3,997
Other	1–8 years	41,327		33,164		8,163		44,644		28,613		16,031
		$	521,752	$	409,558	$	112,194	$	544,128	$	382,706	$	161,422
Indefinite-Lived Intangible Assets
Franchise agreements		$	92,158					$	85,858
Trade names and trademarks		84,533						81,905
FCC licenses		11,000						11,000
Other		171						171
		$	187,862					$	178,934

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 Education		Total
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 adjustment	—		—		1,081		1,081
Foreign currency exchange rate changes	(41,707)		—		(108)		(41,815)
As of December 31, 2022
Goodwill	579,561		174,564		391,377		1,145,502
Accumulated impairment losses	—		(111,324)		(219,827)		(331,151)
	579,561		63,240		171,550		814,351
Foreign currency exchange rate changes	18,439		—		50		18,489
As of December 31, 2023
Goodwill	598,000		174,564		391,427		1,163,991
Accumulated impairment losses	—		(111,324)		(219,827)		(331,151)
	$	598,000	$	63,240	$	171,600	$	832,840