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Discontinued Operations
 9 Months Ended
Sep. 30, 2014
Discontinued Operation, Additional Disclosures [Abstract]  
Discontinued Operations
DISCONTINUED OPERATIONS
In the third quarter of 2014, Kaplan completed the sale of three of its schools in China that were previously included as part of Kaplan International. An additional school in China is expected to be sold by Kaplan in the fourth quarter of 2014. These sales resulted in a pre-tax loss of $4.4 million that was recorded in the third quarter of 2014.
On June 30, 2014, the Company and Berkshire Hathaway Inc. completed a transaction, as described in Note 4, in which Berkshire acquired a wholly-owned subsidiary of the Company that included, among other things, WPLG, a Miami-based television station; a $375.0 million gain from the WPLG sale was recorded in the second quarter of 2014.
On October 1, 2013, the Company completed the sale of most of its newspaper publishing businesses. The publishing businesses sold include The Washington Post, Express, The Gazette Newspapers, Southern Maryland Newspapers, Greater Washington Publishing, Fairfax County Times and El Tiempo Latino and related websites (Publishing Subsidiaries).
In March 2013, the Company completed the sale of The Herald which resulted in a pre-tax loss of $0.1 million that was recorded in the first quarter of 2013.
The results of operations of the schools in China, WPLG, the Publishing Subsidiaries and The Herald are included in the Company’s Condensed Consolidated Statements of Operations as Income (Loss) from Discontinued Operations, Net of Tax, for all periods presented. The Company did not reclassify its Statements of Cash Flows or prior Condensed Consolidated Balance Sheets to reflect the various discontinued operations.
In the first quarter of 2014, an after-tax adjustment of $3.0 million was made to reduce the $100.0 million after-tax gain on the sale of the Publishing Subsidiaries previously reported in the fourth quarter of 2013, as a result of changes in estimates related to liabilities retained as part of the sale.
The summarized (loss) income from discontinued operations, net of tax, is presented below:
  
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
  
 
(in thousands)
2014
 
2013
 
2014
 
2013
Operating revenues
$
1,294

 
$
141,152

 
$
46,713

 
$
441,001

Operating costs and expenses
(2,225
)
 
(178,823
)
 
(39,580
)
 
(507,434
)
(Loss) income from discontinued operations
(931
)
 
(37,671
)
 
7,133

 
(66,433
)
Provision (benefit) from income taxes
231

 
(13,683
)
 
3,371

 
(24,159
)
Net (Loss) Income from Discontinued Operations
(1,162
)
 
(23,988
)
 
3,762

 
(42,274
)
(Loss) gain on sales of discontinued operations
(4,352
)
 
—

 
349,875

 
(70
)
Expense (benefit) from income taxes on sales of discontinued operations
1,466

 
—

 
(16,304
)
 
(24
)
(Loss) Income from Discontinued Operations, Net of Tax
$
(6,980
)
 
$
(23,988
)
 
$
369,941

 
$
(42,320
)