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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
GOODWILL AND OTHER INTANGIBLE ASSETS
Amortization of intangible assets for the three months ended March 31, 2019 and 2018 was $13.1 million and $10.4 million, respectively. Amortization of intangible assets is estimated to be approximately $38 million for the remainder of 2019, $48 million in 2020, $43 million in 2021, $37 million in 2022, $30 million in 2023 and $54 million thereafter.
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, 2018
  
 
  
 
 
 
  
 
  
Goodwill
$
1,128,699

 
$
190,815

 
$
69,626

 
$
255,024

 
$
1,644,164

Accumulated impairment losses
(331,151
)
 

 

 
(15,301
)
 
(346,452
)
 
797,548

 
190,815

 
69,626

 
239,723

 
1,297,712

Acquisitions

 

 

 
33,062

 
33,062

Foreign currency exchange rate changes
9,048

 

 

 

 
9,048

Balance as of March 31, 2019
  

 
  

 
 
 
  

 
  

Goodwill
1,137,747

 
190,815

 
69,626

 
288,086

 
1,686,274

Accumulated impairment losses
(331,151
)
 

 

 
(15,301
)
 
(346,452
)
 
$
806,596

 
$
190,815

 
$
69,626

 
$
272,785

 
$
1,339,822


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, 2018
  
 
  
 
  
 
 
 
  
Goodwill
$
583,424

 
$
174,564

 
$
166,920

 
$
203,791

 
$
1,128,699

Accumulated impairment losses

 
(111,324
)
 
(102,259
)
 
(117,568
)
 
(331,151
)
 
583,424

 
63,240

 
64,661

 
86,223

 
797,548

Foreign currency exchange rate changes
9,019

 

 

 
29

 
9,048

Balance as of March 31, 2019
  

 
  

 
  

 
 
 
  

Goodwill
592,443

 
174,564

 
166,920

 
203,820

 
1,137,747

Accumulated impairment losses

 
(111,324
)
 
(102,259
)
 
(117,568
)
 
(331,151
)
 
$
592,443

 
$
63,240

 
$
64,661

 
$
86,252

 
$
806,596


Other intangible assets consist of the following:
 
 
 
As of March 31, 2019
 
As of December 31, 2018
(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
 
$
283,114

 
$
123,154

 
$
159,960

 
$
282,761

 
$
114,429

 
$
168,332

Trade names and trademarks
2–10 years
 
87,464

 
42,136

 
45,328

 
87,285

 
39,825

 
47,460

Network affiliation agreements
10 years
 
17,400

 
3,843

 
13,557

 
17,400

 
3,408

 
13,992

Databases and technology
3–6 years
 
27,059

 
9,702

 
17,357

 
27,041

 
8,471

 
18,570

Noncompete agreements
2–5 years
 
1,094

 
869

 
225

 
1,088

 
838

 
250

Other
1–8 years
 
24,530

 
10,701

 
13,829

 
24,530

 
9,873

 
14,657

  
  
 
$
440,661

 
$
190,405

 
$
250,256

 
$
440,105

 
$
176,844

 
$
263,261

Indefinite-Lived Intangible Assets
  
 
  
 
  

 
  

 
  
 
  

 
  

Trade names and trademarks
  
 
$
81,607

 
  

 
  

 
$
80,102

 
  

 
  

Franchise agreements
 
 
28,000

 
 
 
 
 

 
 
 
 
FCC licenses
 
 
18,800

 
 
 
 
 
18,800

 
 
 
 
Licensure and accreditation
  
 
150

 
  

 
  

 
150

 
  

 
  

 
  
 
$
128,557

 
 
 
 
 
$
99,052