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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting Information [Line Items]  
Restructuring and Related Costs Restructuring related costs across all businesses in 2020 were recorded as follows:
(in thousands)
Kaplan International
Higher Education
Test Preparation
Professional (U.S)
Kaplan Corporate
Total Education
SocialCode
Total
Severance
$1,224  $—  $—  $—  $—  $1,224  $—  $1,224  
Facility related costs:
Operating lease cost
2,418  3,442  2,740  556  —  9,156  —  9,156  
Accelerated depreciation of property, plant and equipment
1,472  95  1,792  9  —  3,368  —  3,368  
Total Restructuring Costs Included in Segment Income (Loss) from Operations
$5,114  $3,537  $4,532  $565  $—  $13,748  $—  $13,748  
Impairment of other long-lived assets:








Lease right-of-use assets
3,790  2,062  243  1,955  —  8,050  1,405  9,455  
Property, plant and equipment
1,199  174  —  597  —  1,970  86  2,056  
Non-operating pension and postretirement benefit income, net
1,100  1,431  —  2,295  189  5,015  999  6,014  
Total Restructuring Related Costs
$11,203  $7,204  $4,775  $5,412  $189  $28,783  $2,490  $31,273  
Summary of Segment Reporting Information, by Operating Segment
The following tables summarize the financial information related to each of the Company’s business segments:
  Three Months EndedSix months ended
June 30June 30
(in thousands)2020201920202019
Operating Revenues    
Education$333,175  $367,763  $689,553  $740,217  
Television broadcasting100,762  116,628  216,210  224,851  
Manufacturing83,239  114,873  196,697  230,030  
Healthcare49,181  40,641  95,175  78,369  
SocialCode10,483  16,382  22,506  29,829  
Other businesses76,380  81,359  165,648  126,589  
Corporate office—  —  —  —  
Intersegment elimination(349) (44) (661) (84) 
  $652,871  $737,602  $1,385,128  $1,429,801  
Income (Loss) from Operations
Education$12,254  $26,305  $16,946  $51,900  
Television broadcasting23,627  44,494  59,403  80,034  
Manufacturing(1,482) 4,692  5,019  7,966  
Healthcare8,818  2,598  11,987  4,927  
SocialCode(3,004) (975) (6,793) (4,993) 
Other businesses(21,316) (5,913) (51,008) (14,406) 
Corporate office(13,020) (13,238) (21,592) (27,462) 
  $5,877  $57,963  $13,962  $97,966  
Equity in Earnings (Losses) of Affiliates, Net1,182  1,467  (365) 3,146  
Interest Expense, Net(6,423) (6,807) (12,950) (12,532) 
Non-Operating Pension and Postretirement Benefit Income, Net
12,136  

12,253  

30,539  

32,181  
Gain (Loss) on Marketable Equity Securities, Net
39,890  

7,791  

(60,503) 

31,857  
Other Income, Net
8,100  

1,228  

10,788  

30,579  
Income (Loss) Before Income Taxes
$60,762  

$73,895  

$(18,529) 

$183,197  
Depreciation of Property, Plant and Equipment
Education$10,324  $6,137  $17,653  $12,338  
Television broadcasting3,446  3,293  6,789  6,532  
Manufacturing2,526  2,384  5,053  4,817  
Healthcare493  607  1,033  1,217  
SocialCode121  384  242  536  
Other businesses5,827  837  8,496  1,485  
Corporate office176  242  351  482  
  $22,913  $13,884  $39,617  $27,407  
Amortization of Intangible Assets and Impairment of Goodwill and Other Long-lived Assets




  


Education$14,291  $4,070  $18,492  $7,637  
Television broadcasting1,361  1,408  2,721  2,816  
Manufacturing6,988  6,528  14,125  13,058  
Healthcare1,307  1,410  2,617  2,808  
SocialCode1,647  157  1,804  314  
Other businesses244  —  16,645  —  
Corporate office—  —  —  —  
  $25,838  $13,573  $56,404  $26,633  
Pension Service Cost  
Education$2,592  $2,522  $5,177  $5,186  
Television broadcasting836  780  1,632  1,511  
Manufacturing395  15  789  40  
Healthcare112  63  271  246  
SocialCode162  191  399  439  
Other businesses241  161  467  362  
Corporate office1,466  1,231  2,852  2,400  
  $5,804  $4,963  $11,587  $10,184  
  
Asset information for the Company’s business segments is as follows:
  As of
(in thousands)June 30, 2020December 31, 2019
Identifiable Assets    
Education$1,827,258  $2,032,425  
Television broadcasting450,134  463,689  
Manufacturing557,767  564,251  
Healthcare159,045  160,033  
SocialCode122,421  221,746  
Other businesses391,031  345,649  
Corporate office261,002  103,764  
  $3,768,658  $3,891,557  
Investments in Marketable Equity Securities431,808  585,080  
Investments in Affiliates156,677  162,249  
Prepaid Pension Cost1,315,174  1,292,350  
Total Assets$5,672,317  $5,931,236  
Education [Member]  
Segment Reporting Information [Line Items]  
Summary of Segment Reporting Information, by Operating Segment
The Company’s education division comprises the following operating segments:
  Three Months EndedSix months ended
  June 30June 30
(in thousands)2020201920202019
Operating Revenues      
Kaplan international$164,713  $188,580  $364,328  $374,336  
Higher education86,453  76,288  159,990  159,068  
Test preparation51,111  65,673  93,950  126,823  
Professional (U.S.)28,674  35,147  67,123  76,361  
Kaplan corporate and other3,039  2,369  6,244  4,671  
Intersegment elimination(815) (294) (2,082) (1,042) 
  $333,175  $367,763  $689,553  $740,217  
Income (Loss) from Operations      
Kaplan international$16,035  $25,537  $35,015  $49,822  
Higher education17,050  2,721  15,030  4,636  
Test preparation(1,048) 4,289  (13,724) 3,835  
Professional (U.S.)1,378  4,745  7,504  16,004  
Kaplan corporate and other(21,161) (10,990) (26,884) (22,394) 
Intersegment elimination—  3  5  (3) 
  $12,254  $26,305  $16,946  $51,900  
Depreciation of Property, Plant and Equipment
        
Kaplan international$5,619  $3,716  $10,197  $7,598  
Higher education832  629  1,555  1,226  
Test preparation2,607  779  3,433  1,584  
Professional (U.S.)1,165  959  2,278  1,824  
Kaplan corporate and other101  54  190  106  
  $10,324  $6,137  $17,653  $12,338  
Amortization of Intangible Assets$4,271  $3,377  $8,472  $6,944  
Impairment of Long-lived Assets$10,020  $693  $10,020  $693  
Pension Service Cost        
Kaplan international$120  $110  $232  $227  
Higher education1,070  1,102  2,140  2,265  
Test preparation823  821  1,646  1,687  
Professional (U.S.)261  329  523  677  
Kaplan corporate and other318  160  636  330  
  $2,592  $2,522  $5,177  $5,186  
Asset information for the Company’s education division is as follows:
  As of
(in thousands)June 30, 2020December 31, 2019
Identifiable assets    
Kaplan international$1,266,671  $1,455,122  
Higher education210,789  196,761  
Test preparation138,359  151,655  
Professional (U.S.)146,295  160,799  
Kaplan corporate and other65,144  68,088  
  $1,827,258  $2,032,425