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Other Non-Operating Income
 6 Months Ended
Jun. 30, 2020
Other Nonoperating Income (Expense) [Abstract]  
Other Non-Operating Income OTHER NON-OPERATING INCOME
A summary of non-operating income is as follows:
Three Months Ended 
 June 30		Six Months Ended 
 June 30
(in thousands)2020201920202019
Gain on acquiring a controlling interest in an equity affiliate$3,708  $—  $3,708  $—  
Foreign currency (loss) gain, net(1,070) 109  3,220  623  
Impairment of cost method investments—  —  (2,577) —  
Gain on cost method investments2,571  —  2,571  1,411  
Gain on sale of a business1,653  232  1,760  421  
Gain on sale of equity affiliates1,473  —  1,370  28,994  
Gain on sale of a cost method investment—  —  518  —  
Other (loss) gain, net(235) 887  218  (870) 
Total Other Non-Operating Income$8,100  $1,228  $10,788  $30,579  
In the second quarter of 2020, the Company made an additional investment in Framebridge (see Notes 2 and 3) that resulted in the Company obtaining control of the investee. The Company remeasured its previously held equity interest in Framebridge at the acquisition-date fair value and recorded a gain of $3.7 million. The fair value was determined using a market approach by using the share value indicated in the transaction.
The Company recorded contingent consideration gains of $1.7 million and $1.8 million, respectively, for the three and six months ended June 30, 2020, related to the disposition of Kaplan University in 2018.
In the second quarter of 2020, the Company recorded a $2.6 million gain resulting from observable price changes in the fair value of an equity security accounted for under the cost method.
In the first quarter of 2020, the Company recorded impairment losses of $2.6 million to equity securities that are accounted for as cost method investments.
In the first quarter of 2019, the Company recorded a $1.4 million gain resulting from observable price changes in the fair value of equity securities accounted for under the cost method.
In the first quarter of 2019, the Company recorded a $29.0 million gain on the sale of the Company’s interest in Gimlet Media.