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Other Non-Operating Income
 9 Months Ended
Sep. 30, 2021
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)
2021202020212020
Gain on cost method investments
$— $1,638 $10,506 $4,209 
Gain on sale of cost method investments— 521 6,793 1,039 
Gain on sale of businesses1,303 755 2,749 2,515 
Foreign currency (loss) gain, net(6)(2,343)674 877 
Gain on acquiring a controlling interest in an equity affiliate— — — 3,708 
Impairment of cost method investments
— — — (2,577)
Gain on sale of equity affiliates
— — — 1,370 
Other gain (loss), net
3,921 (349)6,938 (131)
Total Other Non-Operating Income
$5,218 $222 $27,660 $11,010 
The gains on cost method investments result from observable price changes in the fair value of the underlying equity securities accounted for under the cost method (see Notes 3 and 8).
During the three and nine months ended September 30, 2021, the Company recorded contingent consideration gains of $1.3 million and $2.8 million, respectively, related to the disposition of Kaplan University (KU) in 2018. During the three and nine months ended September 30, 2020, the Company recorded contingent consideration gains of $0.8 million and $2.5 million, respectively.
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.