BUSINESS SEGMENTS

The Company has six reportable segments: Kaplan International, Kaplan Higher Education, Kaplan Test Preparation, Kaplan Professional (U.S.), Television Broadcasting and Healthcare.

The following table summarizes the financial information related to each of the Company’s business segments:



	Three months ended
	March 31
(in thousands)	2019			2018
Operating Revenues
Education	$	372,454		$	375,499
Television broadcasting	108,223			108,802
Healthcare	37,728			37,621
Other businesses	173,834			137,538
Corporate office	—			—
Intersegment elimination	(40		)	(24		)
	$	692,199		$	659,436
Income (Loss) from Operations
Education	$	25,595		$	22,700
Television broadcasting	35,540			40,542
Healthcare	2,329			(1,391		)
Other businesses	(9,237		)	(3,695		)
Corporate office	(14,224		)	(13,942		)
	$	40,003		$	44,214
Equity in Earnings of Affiliates, Net	1,679			2,579
Interest Expense, Net	(5,725		)	(6,699		)
Non-Operating Pension and Postretirement Benefit Income, Net	19,928			21,386
Gain (Loss) on Marketable Equity Securities, Net	24,066			(14,102		)
Other Income, Net	29,351			9,187
Income Before Income Taxes	$	109,302		$	56,565
Depreciation of Property, Plant and Equipment
Education	$	6,201		$	7,606
Television broadcasting	3,239			3,071
Healthcare	610			653
Other businesses	3,233			3,059
Corporate office	240			253
	$	13,523		$	14,642
Amortization of Intangible Assets
Education	$	3,567		$	1,149
Television broadcasting	1,408			1,408
Healthcare	1,398			1,808
Other businesses	6,687			6,019
Corporate office	—			—
	$	13,060		$	10,384
Pension Service Cost
Education	$	2,664		$	2,664
Television broadcasting	731			493
Healthcare	183			122
Other businesses	474			289
Corporate office	1,169			1,372
	$	5,221		$	4,940

Asset information for the Company’s business segments are as follows:



	As of
(in thousands)	March 31, 2019		December 31, 2018
Identifiable Assets
Education	$	1,853,208	$	1,568,747
Television broadcasting	467,270		452,853
Healthcare	115,622		108,596
Other businesses	951,773		827,113
Corporate office	141,343		162,971
	$	3,529,216	$	3,120,280
Investments in Marketable Equity Securities	510,307		496,390
Investments in Affiliates	140,127		143,813
Prepaid Pension Cost	1,017,584		1,003,558
Total Assets	$	5,197,234	$	4,764,041

The Company’s education division comprises the following operating segments:



	Three months ended
	March 31
(in thousands)	2019			2018
Operating Revenues
Kaplan international	$	185,756		$	183,582
Higher education	82,780			99,830
Test preparation	61,150			59,151
Professional (U.S.)	41,214			33,356
Kaplan corporate and other	2,302			285
Intersegment elimination	(748		)	(705		)
	$	372,454		$	375,499
Income (Loss) from Operations
Kaplan international	$	24,285		$	20,404
Higher education	1,915			1,355
Test preparation	(454		)	521
Professional (U.S.)	11,259			9,315
Kaplan corporate and other	(11,404		)	(8,895		)
Intersegment elimination	(6		)	—
	$	25,595		$	22,700
Depreciation of Property, Plant and Equipment
Kaplan international	$	3,882		$	3,974
Higher education	597			1,858
Test preparation	805			978
Professional (U.S.)	865			642
Kaplan corporate and other	52			154
	$	6,201		$	7,606
Amortization of Intangible Assets	$	3,567		$	1,149
Pension Service Cost
Kaplan international	$	117		$	83
Higher education	1,163			1,406
Test preparation	866			729
Professional (U.S.)	348			290
Kaplan corporate and other	170			156
	$	2,664		$	2,664

Asset information for the Company’s education division is as follows:



	As of
(in thousands)	March 31, 2019		December 31, 2018
Identifiable assets
Kaplan international	$	1,273,080	$	1,101,040
Higher education	182,909		126,752
Test preparation	159,620		145,308
Professional (U.S.)	170,395		166,916
Kaplan corporate and other	67,204		28,731
	$	1,853,208	$	1,568,747