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Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
In the first quarter of 2020, as a result of the uncertainty and challenging operating environment created by the COVID-19 pandemic, the Company performed an interim review of the goodwill, indefinite-lived intangibles and other long-lived assets of the CRG and automotive dealership reporting units and asset groups. As a result of the impairment reviews, the Company recorded a $9.7 million goodwill and indefinite-lived intangible asset impairment charge at CRG and a $6.7 million indefinite-lived intangible asset impairment charge at the auto dealerships. The Company estimated the fair value of the reporting units and indefinite-lived intangible assets by utilizing a discounted cash flow model. The carrying value of the CRG reporting unit and the indefinite-lived intangible assets exceeded the estimated fair value, resulting in a goodwill and indefinite-lived intangible asset impairment charge for the amount by which the carrying value exceeded the estimated fair value. CRG and the automotive dealerships are included in other businesses. Additional COVID-19 disruptions could result in future adverse changes in projections for future operating results or other key assumptions, such as projected revenue, profit margin, capital expenditures or cash flows associated with fair value estimates and could lead to additional future impairments, which could be material.
Amortization of intangible assets for the three months ended June 30, 2020 and 2019, was $14.3 million and $12.9 million, respectively. Amortization of intangible assets for the six months ended June 30, 2020 and 2019, was $28.5 million and $25.9 million, respectively. Amortization of intangible assets is estimated to be approximately $28 million for the remainder of 2020, $52 million in 2021, $46 million in 2022, $37 million in 2023, $28 million in 2024 and $41 million thereafter. The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands)EducationTelevision
Broadcasting		ManufacturingHealthcareSocialCodeOther
Businesses		Total
Balance as of December 31, 2019        
Goodwill$1,140,958  $190,815  $234,993  $98,421  $15,860  $53,684  $1,734,731  
Accumulated impairment losses
(331,151) —  (7,616) —  —  (7,685) (346,452) 
809,807  190,815  227,377  98,421  15,860  45,999  1,388,279  
Measurement period adjustments
154  —  —  —  —  —  154  
Acquisitions13,022  —  —  —  —  63,898  76,920  
Impairment—  —  —  —  —  (6,878) (6,878) 
Foreign currency exchange rate changes
(18,096) —  —  —  —  —  (18,096) 
Balance as of June 30, 2020        
Goodwill1,136,038  190,815  234,993  98,421  15,860  117,582  1,793,709  
Accumulated impairment losses
(331,151) —  (7,616) —  —  (14,563) (353,330) 
$804,887  $190,815  $227,377  $98,421  $15,860  $103,019  $1,440,379  
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, 2019        
Goodwill$595,604  $174,564  $166,920  $203,870  $1,140,958  
Accumulated impairment losses—  (111,324) (102,259) (117,568) (331,151) 
595,604  63,240  64,661  86,302  809,807  
Measurement period adjustments154  —  —  —  154  
Acquisitions9,788  —  —  3,234  13,022  
Foreign currency exchange rate changes(18,013) —  —  (83) (18,096) 
Balance as of June 30, 2020        
Goodwill587,533  174,564  166,920  207,021  1,136,038  
Accumulated impairment losses—  (111,324) (102,259) (117,568) (331,151) 
$587,533  $63,240  $64,661  $89,453  $804,887  
Other intangible assets consist of the following:
As of June 30, 2020As of December 31, 2019
(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
$292,300  $161,020  $131,280  $291,626  $144,625  $147,001  
Trade names and trademarks
2–10 years
108,854  47,929  60,925  87,190  42,770  44,420  
Network affiliation agreements
10 years
17,400  6,019  11,381  17,400  5,148  12,252  
Databases and technology
3–6 years
34,210  16,010  18,200  30,623  12,850  17,773  
Noncompete agreements
2–5 years
1,150  843  307  1,313  929  384  
Other
1–8 years
24,800  15,006  9,794  24,800  13,149  11,651  
    $478,714  $246,827  $231,887  $452,952  $219,471  $233,481  
Indefinite-Lived Intangible Assets
              
Trade names and trademarks  $82,905      $100,491      
Franchise agreements21,858  28,556  
FCC licenses11,000  11,000  
Licensure and accreditation  150      150      
  $115,913  $140,197