Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

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
Balance 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
Foreign currency exchange rate changes	(11,878)		—		—		—		—		—		(11,878)
Balance as of March 31, 2024
Goodwill	1,152,113		190,815		234,993		135,038		129,280		251,216		2,093,455
Accumulated impairment losses	(331,151)		—		(82,062)		—		—		(166,926)		(580,139)
	$	820,962	$	190,815	$	152,931	$	135,038	$	129,280	$	84,290	$	1,513,316

Other Intangible Assets

Other intangible assets consist of the following:

		As of March 31, 2024						As of December 31, 2023
(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	$	282,190	$	242,044	$	40,146	$	283,098	$	236,776	$	46,322
Trade names and trademarks	2–15 years	143,163		93,733		49,430		143,389		90,558		52,831
Network affiliation agreements	10 years	17,400		12,543		4,857		17,400		13,348		4,052
Databases and technology	3–6 years	36,228		35,815		413		36,538		35,712		826
Other	1–8 years	41,514		34,734		6,780		41,327		33,164		8,163
		$	520,495	$	418,869	$	101,626	$	521,752	$	409,558	$	112,194
Indefinite-Lived Intangible Assets
Franchise agreements		$	92,158					$	92,158
Trade names and trademarks		83,990						84,533
FCC licenses		11,000						11,000
Other		171						171
		$	187,319					$	187,862

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
Balance 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
Foreign currency exchange rate changes	(11,829)		—		(49)		(11,878)
Balance as of March 31, 2024
Goodwill	586,171		174,564		391,378		1,152,113
Accumulated impairment losses	—		(111,324)		(219,827)		(331,151)
	$	586,171	$	63,240	$	171,551	$	820,962