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Business Segments
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTS
The Company has eight reportable segments: Kaplan International, Kaplan Higher Education, Kaplan Test Preparation, Kaplan Professional (U.S.), Television Broadcasting, Manufacturing, Healthcare, and SocialCode.
The following tables summarize the financial information related to each of the Company’s business segments:
  
Three months ended
 
March 31
(in thousands)
2020
 
2019
Operating Revenues
  
 
  
Education
$
356,378

 
$
372,454

Television broadcasting
115,448

 
108,223

Manufacturing
113,458

 
115,157

Healthcare
45,994

 
37,728

SocialCode
12,023

 
13,447

Other businesses
89,268

 
45,230

Corporate office
—

 
—

Intersegment elimination
(312
)
 
(40
)
  
$
732,257

 
$
692,199

Income (Loss) from Operations
 
 
 
Education
$
4,692

 
$
25,595

Television broadcasting
35,776

 
35,540

Manufacturing
6,501

 
3,274

Healthcare
3,169

 
2,329

SocialCode
(3,789
)
 
(4,018
)
Other businesses
(29,692
)
 
(8,493
)
Corporate office
(8,572
)
 
(14,224
)
  
$
8,085

 
$
40,003

Equity in (Losses) Earnings of Affiliates, Net
(1,547
)
 
1,679

Interest Expense, Net
(6,527
)
 
(5,725
)
Non-Operating Pension and Postretirement Benefit Income, Net
18,403

 
19,928

(Loss) Gain on Marketable Equity Securities, Net
(100,393
)
 
24,066

Other Income, Net
2,688

 
29,351

(Loss) Income Before Income Taxes
$
(79,291
)
 
$
109,302

Depreciation of Property, Plant and Equipment
 
 
 
Education
$
7,329

 
$
6,201

Television broadcasting
3,343

 
3,239

Manufacturing
2,527

 
2,433

Healthcare
540

 
610

SocialCode
121

 
152

Other businesses
2,669

 
648

Corporate office
175

 
240

  
$
16,704

 
$
13,523

Amortization of Intangible Assets and Impairment of Goodwill and Intangible Assets
  

 
 
Education
$
4,201

 
$
3,567

Television broadcasting
1,360

 
1,408

Manufacturing
7,137

 
6,530

Healthcare
1,310

 
1,398

SocialCode
157

 
157

Other businesses
16,401

 
—

Corporate office
—

 
—

  
$
30,566

 
$
13,060

Pension Service Cost
  

 
 
Education
$
2,585

 
$
2,664

Television broadcasting
796

 
731

Manufacturing
394

 
25

Healthcare
159

 
183

SocialCode
237

 
248

Other businesses
226

 
201

Corporate office
1,386

 
1,169

  
$
5,783

 
$
5,221

 
  
Asset information for the Company’s business segments is as follows:
  
As of
(in thousands)
March 31, 2020
 
December 31, 2019
Identifiable Assets
  
 
  
Education
$
1,893,250

 
$
2,032,425

Television broadcasting
457,048

 
463,689

Manufacturing
568,265

 
564,251

Healthcare
161,511

 
160,033

SocialCode
134,650

 
221,746

Other businesses
317,940

 
345,649

Corporate office
202,486

 
103,764

  
$
3,735,150

 
$
3,891,557

Investments in Marketable Equity Securities
436,204

 
585,080

Investments in Affiliates
167,628

 
162,249

Prepaid Pension Cost
1,306,843

 
1,292,350

Total Assets
$
5,645,825

 
$
5,931,236

The Company’s education division comprises the following operating segments:
  
Three months ended
  
March 31
(in thousands)
2020
 
2019
Operating Revenues
  
 
 
Kaplan international
$
199,615

 
$
185,756

Higher education
73,537

 
82,780

Test preparation
42,839

 
61,150

Professional (U.S.)
38,449

 
41,214

Kaplan corporate and other
3,205

 
2,302

Intersegment elimination
(1,267
)
 
(748
)
  
$
356,378

 
$
372,454

Income (Loss) from Operations
  

 
  

Kaplan international
$
18,980

 
$
24,285

Higher education
(2,020
)
 
1,915

Test preparation
(12,676
)
 
(454
)
Professional (U.S.)
6,126

 
11,259

Kaplan corporate and other
(5,723
)
 
(11,404
)
Intersegment elimination
5

 
(6
)
  
$
4,692

 
$
25,595

Depreciation of Property, Plant and Equipment
  

 
  

Kaplan international
$
4,578

 
$
3,882

Higher education
723

 
597

Test preparation
826

 
805

Professional (U.S.)
1,113

 
865

Kaplan corporate and other
89

 
52

  
$
7,329

 
$
6,201

Amortization of Intangible Assets
$
4,201

 
$
3,567

Pension Service Cost
  

 
  

Kaplan international
$
112

 
$
117

Higher education
1,070

 
1,163

Test preparation
823

 
866

Professional (U.S.)
262

 
348

Kaplan corporate and other
318

 
170

  
$
2,585

 
$
2,664

Asset information for the Company’s education division is as follows:
  
As of
(in thousands)
March 31, 2020
 
December 31, 2019
Identifiable assets
  
 
  
Kaplan international
$
1,316,435

 
$
1,455,122

Higher education
206,661

 
196,761

Test preparation
151,541

 
151,655

Professional (U.S.)
154,115

 
160,799

Kaplan corporate and other
64,498

 
68,088

  
$
1,893,250

 
$
2,032,425