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Summary of Quarterly Operating Results and Comprehensive Income (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results of Operations and Comprehensive Income
Quarterly results of operations and comprehensive income for the year ended December 31, 2016, is as follows:
(in thousands, except per share amounts)
First
Quarter
 
Second Quarter
 
Third
Quarter
 
Fourth
Quarter
Operating Revenues
 
 
 
 
 
 
 
Education
$
401,006

 
$
419,144

 
$
386,936

 
$
391,261

Advertising
68,158

 
70,901

 
86,531

 
85,488

Other
132,576

 
138,888

 
148,171

 
152,830

 
601,740

 
628,933

 
621,638

 
629,579

Operating Costs and Expenses
 
 
 
 
 
 
 
Operating
291,632

 
296,033

 
293,194

 
300,086

Selling, general and administrative
235,213

 
236,437

 
237,694

 
195,173

Depreciation of property, plant and equipment
16,761

 
16,045

 
16,097

 
15,717

Amortization of intangible assets
6,262

 
6,278

 
6,620

 
7,511

Impairment of goodwill
—

 
—

 
—

 
1,603

 
549,868

 
554,793

 
553,605

 
520,090

Income from Operations
51,872

 
74,140

 
68,033

 
109,489

Equity in earnings (losses) of affiliates, net
1,004

 
(891
)
 
(1,008
)
 
(7,042
)
Interest income
591

 
721

 
740

 
1,041

Interest expense
(7,948
)
 
(7,971
)
 
(8,614
)
 
(10,857
)
Other income (expense), net
15,096

 
19,000

 
(18,225
)
 
(28,513
)
Income from Operations Before Income Taxes
60,615

 
84,999

 
40,926

 
64,118

Provision for Income Taxes
22,400

 
23,800

 
7,800

 
27,200

Net Income
38,215

 
61,199

 
33,126

 
36,918

Net Income Attributable to Noncontrolling Interests
(435
)
 
(433
)
 
—

 
—

Net Income Attributable to Graham Holdings Company Common Stockholders
$
37,780

 
$
60,766

 
$
33,126

 
$
36,918

 
 
 
 
 
 
 
 
Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 
 
 
 
Basic net income per common share
$
6.63

 
$
10.82

 
$
5.90

 
$
6.60

Diluted net income per common share
$
6.59

 
$
10.76

 
$
5.87

 
$
6.57

Basic average number of common shares outstanding
5,623

 
5,544

 
5,544

 
5,527

Diluted average number of common shares outstanding
5,652

 
5,574

 
5,574

 
5,556

2016 Quarterly comprehensive income (loss)
$
41,015

 
$
49,996

 
$
40,331

 
$
(40,946
)

The sum of the four quarters may not necessarily be equal to the annual amounts reported in the Consolidated Statements of Operations due to rounding.
Quarterly results of operations and comprehensive income for the year ended December 31, 2015, is as follows:
(in thousands, except per share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Operating Revenues
 
 
 
 
 
 
 
Education
$
500,602

 
$
523,625

 
$
481,687

 
$
421,491

Advertising
66,454

 
70,137

 
68,898

 
74,435

Other
80,369

 
87,128

 
90,847

 
120,441

 
647,425

 
680,890

 
641,432

 
616,367

Operating Costs and Expenses
 
 
 
 
 
 
 
Operating
309,223

 
311,121

 
302,029

 
283,780

Selling, general and administrative
302,405

 
276,412

 
285,563

 
239,783

Depreciation of property, plant and equipment
22,197

 
25,609

 
14,460

 
15,640

Amortization of intangible assets
4,738

 
4,647

 
4,512

 
5,120

Impairment of goodwill and other long-lived assets
—

 
6,876

 
248,591

 
4,233

 
638,563

 
624,665

 
855,155

 
548,556

Income (Loss) from Operations
8,862

 
56,225

 
(213,723
)
 
67,811

Equity in (losses) earnings of affiliates, net
(404
)
 
(353
)
 
95

 
(35
)
Interest income
559

 
323

 
481

 
546

Interest expense
(8,501
)
 
(8,348
)
 
(7,830
)
 
(7,975
)
Other (expense) income, net
(1,105
)
 
11,678

 
(40,458
)
 
21,262

(Loss) Income from Continuing Operations Before Income Taxes
(589
)
 
59,525

 
(261,435
)
 
81,609

Provision (Benefit) for Income Taxes
900

 
19,600

 
(30,500
)
 
30,500

(Loss) Income from Continuing Operations
(1,489
)
 
39,925

 
(230,935
)
 
51,109

Income from Discontinued Operations, Net of Tax
23,289

 
18,502

 
379

 
—

Net Income (Loss)
21,800

 
58,427

 
(230,556
)
 
51,109

Net (Income) Loss Attributable to Noncontrolling Interests
(774
)
 
(434
)
 
(287
)
 
60

Net Income (Loss) Attributable to Graham Holdings Company
21,026

 
57,993

 
(230,843
)
 
51,169

Redeemable Preferred Stock Dividends
(420
)
 
(211
)
 
—

 
—

Net Income (Loss) Attributable to Graham Holdings Company Common Stockholders
$
20,606

 
$
57,782

 
$
(230,843
)
 
$
51,169

 
 
 
 
 
 
 
 
Amounts Attributable to Graham Holdings Company Common Stockholders
 

 
 

 
 

 
 

(Loss) income from continuing operations
$
(2,683
)
 
$
39,280

 
$
(231,222
)
 
$
51,169

Income from discontinued operations, net of tax
23,289

 
18,502

 
379

 
—

Net income (loss) attributable to Graham Holdings Company common stockholders
$
20,606

 
$
57,782

 
$
(230,843
)
 
$
51,169

 
 
 
 
 
 
 
 
Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 
 
 
 
Basic (loss) income per common share from continuing operations
$
(0.58
)
 
$
6.74

 
$
(40.32
)
 
$
8.78

Basic income per common share from discontinued operations
4.09

 
3.18

 
0.07

 
—

Basic net income (loss) per common share
$
3.51

 
$
9.92

 
$
(40.25
)
 
$
8.78

 
 
 
 
 
 
 
 
Diluted (loss) income per common share from continuing operations
$
(0.58
)
 
$
6.71

 
$
(40.32
)
 
$
8.72

Diluted income per common share from discontinued operations
4.06

 
3.16

 
0.07

 
—

Diluted net income (loss) per common share
$
3.48

 
$
9.87

 
$
(40.25
)
 
$
8.72

Basic average number of common shares outstanding
5,704

 
5,720

 
5,738

 
5,746

Diluted average number of common shares outstanding
5,791

 
5,805

 
5,837

 
5,834

2015 Quarterly comprehensive income (loss)
$
4,098

 
$
56,304

 
$
(235,556
)
 
$
(64,301
)

The sum of the four quarters may not necessarily be equal to the annual amounts reported in the Consolidated Statements of Operations due to rounding.
Schedule Of Quarterly Impact From Certain Items
Quarterly impact from certain items in 2016 and 2015 (after-tax and diluted EPS amounts):
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2016
 
 
 
 
 
 
 
Ÿ
Settlement gain of $10.8 million related to a bulk lump sum pension offering
 
 
 
 
 
 
$
1.92

Ÿ
Charges of $7.7 million related to restructuring at the education division ($1.2 million, $0.9 million, $1.1 million and $4.5 million in the first, second, third and fourth quarters, respectively)
$
(0.21
)
 
$
(0.15
)
 
$
(0.19
)
 
$
(0.81
)
Ÿ
Non-operating gain, net, of $20.0 million from the sales of land and marketable equity securities ($1.1 million gain, $23.9 million gain and $5.0 million loss in the first, second and fourth quarters, respectively)
$
0.19

 
$
4.23

 
 
 
$
(0.90
)
Ÿ
Non-operating gain of $13.6 million arising from the sale of a business and the formation of a joint venture ($11.9 million and $1.7 million in the first and second quarters, respectively)
$
2.08

 
$
0.29

 
 
 
 
Ÿ
Non-operating expense of $24.1 million from the write-down of cost method investments and investments in affiliates ($9.6 million and $14.5 million in the third and fourth quarters, respectively)
 
 
 
 
$
(1.70
)
 
$
(2.57
)
Ÿ
Losses, net, of $25.5 million for non-operating foreign currency losses ($3.4 million, $15.4 million, $2.4 million and $4.2 million in the first, second, third and fourth quarters, respectively)
$
(0.60
)
 
$
(2.73
)
 
$
(0.43
)
 
$
(0.75
)
Ÿ
Net nonrecurring $8.3 million deferred tax benefit related to Kaplan's international operations
 
 
 
 
$
1.47

 
 
Ÿ
Favorable $5.6 million out of period deferred tax adjustment related to the KHE goodwill impairment recorded in the third quarter of 2015
 
 
$
1.00

 
 
 
 
2015
 
 
 
 
 
 
 
Ÿ
Goodwill and long-lived assets impairment charges of $225.2 million at Kaplan and other businesses ($4.4 million, $217.1 million and $3.7 million in the second, third and fourth quarters, respectively)
 
 
$
(0.75
)
 
$
(37.85
)
 
$
(0.63
)
Ÿ
Charges of $28.9 million related to restructuring at the education division, corporate office and other businesses ($6.8 million, $10.7 million, $5.8 million and $5.5 million in the first, second, third and fourth quarters, respectively)
$
(1.17
)
 
$
(1.82
)
 
$
(1.00
)
 
$
(0.96
)
Ÿ
Charges of $15.3 million related to the modification of stock option awards in conjunction with the Cable ONE spin-off and the modification of restricted stock awards ($11.6 million and $3.7 million in the third and fourth quarters, respectively)
 
 
 
 
$
(1.99
)
 
$
(0.63
)
Ÿ
Non-operating losses, net, of $15.7 million arising from the sales of five businesses and an investment, and on the formation of a joint venture ($3.6 million gain, $5.0 million gain and $24.3 million loss in the first, second and third quarters, respectively)
$
0.50

 
$
0.85

 
$
(4.16
)
 
 
Ÿ
Gain of $13.2 million from the sale of land
 
 
 
 
 
 
$
2.27

Ÿ
Losses, net, of $9.7 million for non-operating unrealized foreign currency (losses) gains ($4.4 million loss, $2.3 million gain, $8.0 million loss and $0.4 million gain in the first, second, third and fourth quarters, respectively)
$
(0.75
)
 
$
0.39

 
$
(1.37
)
 
$
0.07