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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues        
Operating Revenues $ 809,436 $ 716,982 $ 2,323,043 $ 2,102,110
Operating Costs and Expenses        
Selling, general and administrative 215,891 166,207 587,181 506,199
Depreciation of property, plant and equipment 18,741 18,481 51,886 58,098
Amortization of intangible assets 15,981 14,150 43,807 42,642
Impairment of goodwill and other long-lived assets 26,753 1,916 31,568 29,828
Total Operating Costs and Expenses 826,043 676,738 2,268,215 2,047,904
(Loss) Income from Operations (16,607) 40,244 54,828 54,206
Equity in earnings of affiliates, net 12,964 4,092 28,168 3,727
Interest income (79) 890 2,687 2,995
Interest expense (9,343) (7,247) (25,144) (22,302)
Non-operating pension and postretirement benefit income, net 27,561 10,489 81,564 41,028
Gain (loss) on marketable equity securities, net 14,069 59,364 176,981 (1,139)
Other income, net 5,218 222 27,660 11,010
Income Before Income Taxes 33,783 108,054 346,744 89,525
(Benefit from) Provision for Income Taxes (5,900) 30,000 78,500 26,500
Net Income 39,683 78,054 268,244 63,025
Net (Income) Loss Attributable to Noncontrolling Interests (97) (439) (850) 199
Net Income Attributable to Graham Holdings Company Common Stockholders $ 39,586 $ 77,615 $ 267,394 $ 63,224
Per Share Information Attributable to Graham Holdings Company Common Stockholders        
Basic net income per common share (in USD per share) $ 7.93 $ 15.25 $ 53.49 $ 12.15
Basic average number of common shares outstanding (in shares) 4,961 5,060 4,966 5,176
Diluted net income per common share (in USD per share) $ 7.90 $ 15.22 $ 53.33 $ 12.11
Diluted average number of common shares outstanding (in shares) 4,977 5,072 4,980 5,192
Services [Member]        
Operating Revenues        
Operating Revenues $ 515,280 $ 492,399 $ 1,509,986 $ 1,492,631
Operating Costs and Expenses        
Cost of services and goods 307,138 298,250 906,555 929,877
Goods [Member]        
Operating Revenues        
Operating Revenues 294,156 224,583 813,057 609,479
Operating Costs and Expenses        
Cost of services and goods $ 241,539 $ 177,734 $ 647,218 $ 481,260