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Other Non-Operating Income
 9 Months Ended
Sep. 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 
 September 30

Nine Months Ended 
 September 30
(in thousands)
2020

2019

2020

2019
Gain on cost method investments
$1,638 

$3,669 

$4,209 $5,080 
Gain on acquiring a controlling interest in an equity affiliate— 

— 

3,708 

— 
Impairment of cost method investments
— 

— 

(2,577)

— 
Gain on sale of businesses
755 

486 

2,515 

907 
Gain on sale of equity affiliates
— 

— 

1,370 

28,994 
Gain on sale of cost method investments
521 

259 

1,039 

259 
Foreign currency (loss) gain, net
(2,343)

661 

877 

1,284 
Other (loss) gain, net
(349)

481 

(131)

(389)
Total Other Non-Operating Income
$222 

$5,556 

$11,010 

$36,135 
In the third quarter of 2020, the Company recorded a $1.6 million gain resulting from observable price changes in the fair value of an equity security accounted for under the cost method.
The Company recorded contingent consideration gains of $0.8 million and $2.5 million, respectively, for the three and nine months ended September 30, 2020, related to the disposition of Kaplan University in 2018.
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.
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 third quarter of 2019, the Company recorded a $3.7 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 $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.