v3.26.1
Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
During the first quarter of 2026, in connection with the classification of the KLG disposal group as held for sale, the Company recognized a goodwill impairment charge of $1.0 million at Kaplan International (see Note 2).
Amortization of intangible assets for the three months ended June 30, 2026 and 2025, was $6.0 million and $7.2 million, respectively. Amortization of intangible assets for the six months ended June 30, 2026 and 2025, was $12.0 million and $15.1 million, respectively. Amortization of intangible assets is estimated to be approximately $11 million for the remainder of 2026, $9 million in 2027, $6 million in 2028, $5 million in 2029, $5 million in 2030 and $13 million thereafter.
The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands)EducationTelevision
Broadcasting		HealthcareManufacturingAutomotiveOther
Businesses		Total
As of December 31, 2025        
Goodwill$1,181,284 $190,815 $136,637 $272,523 $140,832 $108,943 $2,031,034 
Accumulated impairment losses
(331,151)— — (82,062)— (32,155)(445,368)
850,133 190,815 136,637 190,461 140,832 76,788 1,585,666 
Acquisition— — 17,996 — — — 17,996 
Impairment(976)— — — — — (976)
Disposition— — — — — — — 
Foreign currency exchange rate changes
(2,113)— — — — — (2,113)
As of June 30, 2026        
Goodwill1,178,195 190,815 154,633 272,523 140,832 108,943 2,045,941 
Accumulated impairment losses
(331,151)— — (82,062)— (32,155)(445,368)
$847,044 $190,815 $154,633 $190,461 $140,832 $76,788 $1,600,573 
The changes in carrying amount of goodwill at the Company’s education and healthcare divisions were as follows:
(in thousands)
Kaplan
International
Higher
Education
Supplemental EducationTotal
Education		CSIOther HealthcareTotal Healthcare
As of December 31, 2025      
Goodwill$614,096 $174,564 $392,624 $1,181,284 $87,140 $49,497 $136,637 
Accumulated impairment losses— (111,324)(219,827)(331,151)— — — 
614,096 63,240 172,797 850,133 87,140 49,497 136,637 
Acquisition— — — — — 17,996 17,996 
Impairment(976)— — (976)— — — 
Disposition— — — — — — — 
Foreign currency exchange rate changes(2,049)— (64)(2,113)— — — 
As of June 30, 2026      
Goodwill611,071 174,564 392,560 1,178,195 87,140 67,493 154,633 
Accumulated impairment losses— (111,324)(219,827)(331,151)— — — 
$611,071 $63,240 $172,733 $847,044 $87,140 $67,493 $154,633 
Other intangible assets consist of the following:
As of June 30, 2026As of December 31, 2025
(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
$296,900 $263,999 $32,901 $307,312 $266,453 $40,859 
Trade names and trademarks
2–10 years
107,337 94,370 12,967 114,227 98,147 16,080 
Network affiliation agreements
10 years
17,400 16,457 943 17,400 15,588 1,812 
Databases and technology
3–6 years
30,496 28,568 1,928 32,376 30,293 2,083 
Other
1–8 years
38,063 37,393 670 38,063 37,266 797 
    $490,196 $440,787 $49,409 $509,378 $447,747 $61,631 
Indefinite-Lived Intangible Assets
              
Franchise agreements$97,002 $97,002 
Trade names and trademarks  62,185     62,653     
FCC licenses11,000 11,000 
Other150 150 
  $170,337 $170,805