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Business Segments
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTS
The Company has seven reportable segments: Kaplan International, Kaplan Higher Education, Kaplan Supplemental Education, Television Broadcasting, Manufacturing, Healthcare and Automotive.
The following tables summarize the financial information related to each of the Company’s business segments:
  Three months endedNine months ended
September 30September 30
(in thousands)2022202120222021
Operating Revenues    
Education$355,064 $335,999 $1,066,089 $1,005,300 
Television broadcasting135,165 126,498 380,970 360,089 
Manufacturing122,964 99,766 365,966 356,849 
Healthcare87,176 55,445 230,816 160,184 
Automotive211,396 84,702 509,965 242,702 
Other businesses101,207 107,539 308,150 199,477 
Corporate office— — — — 
Intersegment elimination(534)(513)(1,495)(1,558)
  $1,012,438 $809,436 $2,860,461 $2,323,043 
Income (Loss) from Operations before Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets






Education$22,625 $13,869 $69,952 $57,238 
Television broadcasting53,691 41,911 135,991 113,212 
Manufacturing14,723 (6,942)39,527 27,990 
Healthcare6,953 6,016 21,491 23,312 
Automotive11,050 4,506 25,493 8,815 
Other businesses(17,840)(19,752)(68,301)(57,533)
Corporate office(17,035)(13,481)(40,886)(42,831)
$74,167 $26,127 $183,267 $130,203 
Amortization of Intangible Assets and Impairment of Long-Lived Assets
Education$3,980 $3,955 $12,190 $15,240 
Television broadcasting1,360 1,361 4,080 4,081 
Manufacturing5,076 32,541 15,403 46,138 
Healthcare905 756 2,822 2,317 
Automotive— — — — 
Other businesses3,314 4,121 9,941 7,599 
Corporate office— — — — 
$14,635 $42,734 $44,436 $75,375 
Income (Loss) from Operations
Education$18,645 $9,914 $57,762 $41,998 
Television broadcasting52,331 40,550 131,911 109,131 
Manufacturing9,647 (39,483)24,124 (18,148)
Healthcare6,048 5,260 18,669 20,995 
Automotive11,050 4,506 25,493 8,815 
Other businesses(21,154)(23,873)(78,242)(65,132)
Corporate office(17,035)(13,481)(40,886)(42,831)
  $59,532 $(16,607)$138,831 $54,828 
Equity in Earnings of Affiliates, Net(1,111)12,964 2,920 28,168 
Interest Expense, Net(10,776)(9,422)(36,755)(22,457)
Non-Operating Pension and Postretirement Benefit Income, Net
50,687 27,561 152,063 81,564 
(Loss) Gain on Marketable Equity Securities, Net
(54,250)14,069 (172,878)176,981 
Other Income, Net
2,358 5,218 6,410 27,660 
Income Before Income Taxes
$46,440 $33,783 $90,591 $346,744 
  Three months endedNine months ended
September 30September 30
(in thousands)2022202120222021
Depreciation of Property, Plant and Equipment
Education$8,360 $8,217 $25,396 $23,479 
Television broadcasting2,961 3,462 9,335 10,478 
Manufacturing2,358 2,402 7,109 7,346 
Healthcare590 322 1,455 970 
Automotive1,067 535 2,596 1,555 
Other businesses4,169 3,649 12,198 7,578 
Corporate office152 154 456 480 
  $19,657 $18,741 $58,545 $51,886 
Pension Service Cost  
Education$2,233 $2,339 $6,700 $7,020 
Television broadcasting884 901 2,666 2,692 
Manufacturing276 321 828 962 
Healthcare138 141 417 421 
Automotive6 — 17 — 
Other businesses552 458 1,549 1,314 
Corporate office1,468 1,615 4,404 4,845 
  $5,557 $5,775 $16,581 $17,254 
Asset information for the Company’s business segments is as follows:
  As of
(in thousands)September 30, 2022December 31, 2021
Identifiable Assets    
Education$1,847,201 $2,026,782 
Television broadcasting422,465 448,627 
Manufacturing494,335 486,304 
Healthcare245,276 194,823 
Automotive411,440 238,200 
Other businesses620,287 689,872 
Corporate office76,503 68,962 
  $4,117,507 $4,153,570 
Investments in Marketable Equity Securities597,456 809,997 
Investments in Affiliates169,422 155,444 
Prepaid Pension Cost2,392,746 2,306,514 
Total Assets$7,277,131 $7,425,525 
The Company’s education division comprises the following operating segments:
  Three Months EndedNine months ended
  September 30September 30
(in thousands)2022202120222021
Operating Revenues      
Kaplan international$193,085 $168,143 $598,469 $521,314 
Higher education80,684 85,518 229,467 239,944 
Supplemental education79,566 80,489 233,416 238,055 
Kaplan corporate and other4,927 3,761 13,726 10,739 
Intersegment elimination(3,198)(1,912)(8,989)(4,752)
  $355,064 $335,999 $1,066,089 $1,005,300 
Income (Loss) From Operations before Amortization of Intangible Assets and Impairment of Long-Lived Assets
Kaplan international$8,503 $(999)$48,130 $23,285 
Higher education9,027 9,525 16,768 18,152 
Supplemental education9,471 11,769 17,671 33,079 
Kaplan corporate and other(4,579)(6,426)(12,783)(17,375)
Intersegment elimination203 — 166 97 
$22,625 $13,869 $69,952 $57,238 
Amortization of Intangible Assets$3,980 $3,888 $12,190 $11,967 
Impairment of Long-Lived Assets$— $67 $— $3,273 
Income (Loss) from Operations      
Kaplan international$8,503 $(999)$48,130 $23,285 
Higher education9,027 9,525 16,768 18,152 
Supplemental education9,471 11,769 17,671 33,079 
Kaplan corporate and other(8,559)(10,381)(24,973)(32,615)
Intersegment elimination203 — 166 97 
  $18,645 $9,914 $57,762 $41,998 
Depreciation of Property, Plant and Equipment
        
Kaplan international$5,709 $5,516 $17,258 $15,603 
Higher education988 923 3,072 2,648 
Supplemental education1,570 1,658 4,787 4,904 
Kaplan corporate and other93 120 279 324 
  $8,360 $8,217 $25,396 $23,479 
Pension Service Cost        
Kaplan international$67 $73 $202 $221 
Higher education961 1,109 2,862 3,329 
Supplemental education1,029 954 3,106 2,861 
Kaplan corporate and other176 203 530 609 
  $2,233 $2,339 $6,700 $7,020 
Asset information for the Company’s education division is as follows:
  As of
(in thousands)September 30, 2022December 31, 2021
Identifiable Assets    
Kaplan international$1,336,856 $1,493,868 
Higher education177,042 187,789 
Supplemental education267,826 286,877 
Kaplan corporate and other65,477 58,248 
  $1,847,201 $2,026,782