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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands)
Education
 
Cable
 
Television
Broadcasting
 
Other
Businesses
 
Total
Balance as of December 31, 2013
  
 
  
 
  
 
  
 
  
Goodwill
$
1,073,433

 
$
85,488

 
$
203,165

 
$
34,877

 
$
1,396,963

Accumulated impairment losses
(102,259
)
 

 

 
(6,082
)
 
(108,341
)
 
971,174

 
85,488

 
203,165

 
28,795

 
1,288,622

Acquisitions
14,941

 

 

 
98,366

 
113,307

Dispositions
(2,420
)
 

 
(37,661
)
 

 
(40,081
)
Foreign currency exchange rate changes
(8,759
)
 

 

 

 
(8,759
)
Balance as of September 30, 2014
  

 
  

 
  

 
  

 
  

Goodwill
1,077,195

 
85,488

 
165,504

 
133,243

 
1,461,430

Accumulated impairment losses
(102,259
)
 

 

 
(6,082
)
 
(108,341
)
 
$
974,936

 
$
85,488

 
$
165,504

 
$
127,161

 
$
1,353,089

Other Intangible Assets
Other intangible assets consist of the following:
 
 
 
As of September 30, 2014
 
As of December 31, 2013
(in thousands)
Useful Life
Range
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortized Intangible Assets
  
 
  
 
  
 
  
 
  
 
  
 
  
Noncompete agreements
2–5 years
 
$
12,392

 
$
11,373

 
$
1,019

 
$
13,540

 
$
12,622

 
$
918

Student and customer relationships
2–10 years
 
111,354

 
48,558

 
62,796

 
72,050

 
45,718

 
26,332

Databases and technology
3–5 years
 
12,190

 
8,364

 
3,826

 
10,790

 
6,991

 
3,799

Trade names and trademarks
2–10 years
 
26,863

 
17,956

 
8,907

 
22,327

 
16,052

 
6,275

Other
1–25 years
 
9,626

 
7,943

 
1,683

 
9,836

 
7,572

 
2,264

  
  
 
$
172,425

 
$
94,194

 
$
78,231

 
$
128,543

 
$
88,955

 
$
39,588

Indefinite-Lived Intangible Assets
  
 
  
 
  

 
  

 
  
 
  

 
  

Franchise agreements
  
 
$
496,321

 
  

 
  

 
$
496,321

 
  

 
  

Wireless licenses
  
 

 
  

 
  

 
22,150

 
  

 
  

Licensure and accreditation
  
 
7,321

 
  

 
  

 
7,171

 
  

 
  

Other
  
 
68,567

 
  

 
  

 
15,636

 
  

 
  

 
  
 
$
572,209

 
 
 
 
 
$
541,278

 
 
 
 
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)
Higher
Education
 
Test
Preparation
 
Kaplan
International
 
Total
Balance as of December 31, 2013
  
 
  
 
  
 
  
Goodwill
$
409,016

 
$
152,187

 
$
512,230

 
$
1,073,433

Accumulated impairment losses

 
(102,259
)
 

 
(102,259
)
 
409,016

 
49,928

 
512,230

 
971,174

Acquisitions
1,343

 
13,598

 

 
14,941

Dispositions

 

 
(2,420
)
 
(2,420
)
Foreign currency exchange rate changes
(95
)
 

 
(8,664
)
 
(8,759
)
Balance as of September 30, 2014
  

 
  

 
  

 
  

Goodwill
410,264

 
165,785

 
501,146

 
1,077,195

Accumulated impairment losses

 
(102,259
)
 

 
(102,259
)
 
$
410,264

 
$
63,526

 
$
501,146

 
$
974,936