v3.25.2
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
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, 2024        
Goodwill$1,146,335 $190,815 $234,993 $135,038 $129,280 $251,216 $2,087,677 
Accumulated impairment losses
(331,151)— (82,062)— — (174,428)(587,641)
815,184 190,815 152,931 135,038 129,280 76,788 1,500,036 
Acquisitions1,167 — — — — — 1,167 
Dispositions(1,204)— — — — — (1,204)
Foreign currency exchange rate changes
35,562 — — — — — 35,562 
Balance as of June 30, 2025        
Goodwill1,181,860 190,815 234,993 135,038 129,280 251,216 2,123,202 
Accumulated impairment losses
(331,151)— (82,062)— — (174,428)(587,641)
$850,709 $190,815 $152,931 $135,038 $129,280 $76,788 $1,535,561 
Other Intangible Assets
Other intangible assets consist of the following:
As of June 30, 2025As of December 31, 2024
(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
$279,276 $258,303 $20,973 $281,140 $252,969 $28,171 
Trade names and trademarks
2–10 years
110,497 98,945 11,552 116,081 94,408 21,673 
Network affiliation agreements
10 years
17,400 14,717 2,683 17,400 13,848 3,552 
Databases and technology
3–6 years
29,852 29,852 — 33,290 33,290 — 
Other
1–8 years
36,814 34,991 1,823 41,514 38,214 3,300 
    $473,839 $436,808 $37,031 $489,425 $432,729 $56,696 
Indefinite-Lived Intangible Assets
              
Franchise agreements$92,158 $92,158 
Trade names and trademarks  63,066     60,994     
FCC licenses11,000 11,000 
Other150 171 
  $166,374 $164,323 
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, 2024      
Goodwill$580,495 $174,564 $391,276 $1,146,335 
Accumulated impairment losses— (111,324)(219,827)(331,151)
580,495 63,240 171,449 815,184 
Acquisitions— — 1,167 1,167 
Dispositions(1,204)— — (1,204)
Foreign currency exchange rate changes35,474 — 88 35,562 
Balance as of June 30, 2025      
Goodwill614,765 174,564 392,531 1,181,860 
Accumulated impairment losses— (111,324)(219,827)(331,151)
$614,765 $63,240 $172,704 $850,709