XML 29 R73.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements (Details 1) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Assets    
Marketable equity securities $ 193,793us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent $ 487,156us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent
7.25% Unsecured Notes due February 1, 2019 [Member]    
Liabilities    
7.25% unsecured notes 450,300us-gaap_DebtInstrumentFairValue
/ us-gaap_LongtermDebtTypeAxis
= ghc_SevenPointTwoFivePercentUnsecuredNotesDueFebruaryOneTwoThousandAndNineteenMember
475,200us-gaap_DebtInstrumentFairValue
/ us-gaap_LongtermDebtTypeAxis
= ghc_SevenPointTwoFivePercentUnsecuredNotesDueFebruaryOneTwoThousandAndNineteenMember
Fair Value, Measurements, Recurring [Member]    
Assets    
Money market investments 368,131us-gaap_MoneyMarketFundsAtCarryingValue
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[1] 431,836us-gaap_MoneyMarketFundsAtCarryingValue
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[1]
Commercial paper 226,197ghc_CommercialPaperTotal
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[2]  
Marketable equity securities 193,793us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[3] 487,156us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[3]
Other current investments 32,959us-gaap_OtherShortTermInvestments
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[4] 35,162us-gaap_OtherShortTermInvestments
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[4]
Total Financial Assets 821,080us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
954,154us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Liabilities    
Deferred compensation plan liabilities 70,661us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[5] 67,603us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[5]
Interest rate swap 179us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[6] 1,047us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[6]
Total Financial Liabilities 562,111us-gaap_FinancialLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
588,499us-gaap_FinancialLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Fair Value, Measurements, Recurring [Member] | 7.25% Unsecured Notes due February 1, 2019 [Member]    
Liabilities    
7.25% unsecured notes 450,344us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_SevenPointTwoFivePercentUnsecuredNotesDueFebruaryOneTwoThousandAndNineteenMember
[7] 475,224us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_SevenPointTwoFivePercentUnsecuredNotesDueFebruaryOneTwoThousandAndNineteenMember
[7]
Fair Value, Measurements, Recurring [Member] | AUD $50 million portion of Revolver [Member]    
Liabilities    
AUD revolving credit borrowing 40,927us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_FiftyMillionAustralianDollarPortionOfRevolverMember
[7] 44,625us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_FiftyMillionAustralianDollarPortionOfRevolverMember
[7]
Level 1 [Member] | Fair Value, Measurements, Recurring [Member]    
Assets    
Money market investments 0us-gaap_MoneyMarketFundsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[1] 0us-gaap_MoneyMarketFundsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[1]
Commercial paper 226,197ghc_CommercialPaperTotal
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[2]  
Marketable equity securities 193,793us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[3] 487,156us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[3]
Other current investments 11,788us-gaap_OtherShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[4] 11,826us-gaap_OtherShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[4]
Total Financial Assets 431,778us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
498,982us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Liabilities    
Deferred compensation plan liabilities 0us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[5] 0us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[5]
Interest rate swap 0us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[6] 0us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[6]
Total Financial Liabilities 0us-gaap_FinancialLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
0us-gaap_FinancialLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | 7.25% Unsecured Notes due February 1, 2019 [Member]    
Liabilities    
7.25% unsecured notes 0us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_SevenPointTwoFivePercentUnsecuredNotesDueFebruaryOneTwoThousandAndNineteenMember
[7] 0us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_SevenPointTwoFivePercentUnsecuredNotesDueFebruaryOneTwoThousandAndNineteenMember
[7]
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | AUD $50 million portion of Revolver [Member]    
Liabilities    
AUD revolving credit borrowing 0us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_FiftyMillionAustralianDollarPortionOfRevolverMember
[7] 0us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_FiftyMillionAustralianDollarPortionOfRevolverMember
[7]
Level 2 [Member] | Fair Value, Measurements, Recurring [Member]    
Assets    
Money market investments 368,131us-gaap_MoneyMarketFundsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[1] 431,836us-gaap_MoneyMarketFundsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[1]
Commercial paper 0ghc_CommercialPaperTotal
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[2]  
Marketable equity securities 0us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[3] 0us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[3]
Other current investments 21,171us-gaap_OtherShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[4] 23,336us-gaap_OtherShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[4]
Total Financial Assets 389,302us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
455,172us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Liabilities    
Deferred compensation plan liabilities 70,661us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[5] 67,603us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[5]
Interest rate swap 179us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[6] 1,047us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[6]
Total Financial Liabilities 562,111us-gaap_FinancialLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
588,499us-gaap_FinancialLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | 7.25% Unsecured Notes due February 1, 2019 [Member]    
Liabilities    
7.25% unsecured notes 450,344us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_SevenPointTwoFivePercentUnsecuredNotesDueFebruaryOneTwoThousandAndNineteenMember
[7] 475,224us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_SevenPointTwoFivePercentUnsecuredNotesDueFebruaryOneTwoThousandAndNineteenMember
[7]
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | AUD $50 million portion of Revolver [Member]    
Liabilities    
AUD revolving credit borrowing $ 40,927us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_FiftyMillionAustralianDollarPortionOfRevolverMember
[7] $ 44,625us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
/ us-gaap_LongtermDebtTypeAxis
= ghc_FiftyMillionAustralianDollarPortionOfRevolverMember
[7]
[1] The Company’s money market investments are included in cash, cash equivalents and restricted cash.
[2] The Company’s commercial paper investments with original maturities of 90 days or less are included in cash and cash equivalents.
[3] The Company’s investments in marketable equity securities are classified as available-for-sale.
[4] Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits.
[5] Includes Graham Holdings Company’s Deferred Compensation Plan and supplemental savings plan benefits under the Graham Holdings Company’s Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits. These plans measure the market value of a participant’s balance in a notional investment account that is comprised primarily of mutual funds, which are based on observable market prices. However, since the deferred compensation obligations are not exchanged in an active market, they are classified as Level 2 in the fair value hierarchy. Realized and unrealized gains (losses) on deferred compensation are included in operating income.
[6] Included in Other liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.
[7] See Note 10 for carrying amount of these notes and borrowing.