XML 39 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands)
Education
 
Television
Broadcasting
 
Healthcare
 
Other
Businesses
 
Total
Balance as of December 31, 2017
  
 
  
 
 
 
  
 
  
Goodwill
$
1,171,812

 
$
190,815

 
$
69,409

 
$
233,825

 
$
1,665,861

Accumulated impairment losses
(350,850
)
 

 

 
(15,301
)
 
(366,151
)
 
820,962

 
190,815

 
69,409

 
218,524

 
1,299,710

Acquisitions
9,629

 

 

 

 
9,629

Dispositions
(11,191
)
 

 

 

 
(11,191
)
Foreign currency exchange rate changes
(17,791
)
 

 

 

 
(17,791
)
Balance as of June 30, 2018
  

 
  

 
 
 
  

 
  

Goodwill
1,132,760

 
190,815

 
69,409

 
233,825

 
1,626,809

Accumulated impairment losses
(331,151
)
 

 

 
(15,301
)
 
(346,452
)
 
$
801,609

 
$
190,815

 
$
69,409

 
$
218,524

 
$
1,280,357

Other Intangible Assets
Other intangible assets consist of the following:
 
 
 
As of June 30, 2018
 
As of December 31, 2017
(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 (1)
 
$
261,312

 
$
98,381

 
$
162,931

 
$
260,464

 
$
83,690

 
$
176,774

Trade names and trademarks
2–10 years
 
64,110

 
27,708

 
36,402

 
50,286

 
25,596

 
24,690

Network affiliation agreements
10 years
 
17,400

 
2,538

 
14,862

 
17,400

 
1,668

 
15,732

Databases and technology
3–6 years
 
24,197

 
7,416

 
16,781

 
19,563

 
5,008

 
14,555

Noncompete agreements
2–5 years
 
1,093

 
687

 
406

 
930

 
467

 
463

Other
1–8 years
 
13,430

 
8,215

 
5,215

 
13,430

 
7,668

 
5,762

  
  
 
$
381,542

 
$
144,945

 
$
236,597

 
$
362,073

 
$
124,097

 
$
237,976

Indefinite-Lived Intangible Assets
  
 
  
 
  

 
  

 
  
 
  

 
  

Trade names and trademarks
  
 
$
81,494

 
  

 
  

 
$
82,745

 
  

 
  

FCC licenses
 
 
18,800

 
 
 
 
 
18,800

 
 
 
 
Licensure and accreditation
  
 
150

 
  

 
  

 
650

 
  

 
  

 
  
 
$
100,444

 
 
 
 
 
$
102,195

 
 
 
 
____________
(1)
As of December 31, 2017, the student and customer relationships’ minimum useful life was 1 year.
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)
Kaplan
International
 
Higher
Education
 
Test
Preparation
 
Professional (U.S.)
 
Total
Balance as of December 31, 2017
  
 
  
 
  
 
 
 
  
Goodwill
$
615,861

 
$
205,494

 
$
166,098

 
$
184,359

 
$
1,171,812

Accumulated impairment losses

 
(131,023
)
 
(102,259
)
 
(117,568
)
 
(350,850
)
 
615,861

 
74,471

 
63,839

 
66,791

 
820,962

Acquisitions
26

 

 
473

 
9,130

 
9,629

Dispositions

 
(11,191
)
 

 

 
(11,191
)
Foreign currency exchange rate changes
(17,690
)
 
(40
)
 

 
(61
)
 
(17,791
)
Balance as of June 30, 2018
  

 
  

 
  

 
 
 
  

Goodwill
598,197

 
174,564

 
166,571

 
193,428

 
1,132,760

Accumulated impairment losses

 
(111,324
)
 
(102,259
)
 
(117,568
)
 
(331,151
)
 
$
598,197

 
$
63,240

 
$
64,312

 
$
75,860

 
$
801,609