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Other Non-Operating Income
 12 Months Ended
Dec. 31, 2022
Other Nonoperating Income (Expense) [Abstract]  
Other Non-Operating Income OTHER NON-OPERATING INCOME
A summary of non-operating income is as follows:
Year Ended December 31
(in thousands)202220212020
Net gain on sale of businesses$22,679 $3,789 $213,302 
Net gain on cost method investments6,883 11,756 4,209 
Gain on sale of cost method investments3,294 9,355 1,039 
Foreign currency loss, net(2,023)(179)(2,153)
Impairment of cost method investments(1,305)— (7,327)
Gain on acquiring a controlling interest in an equity affiliate— — 3,708 
Gain on sale of investment in affiliates604 — 1,370 
Other, net3,368 7,833 386 
Total Other Non-Operating Income$33,500 $32,554 $214,534 
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 4 and 12).
For the years ended December 31, 2022, 2021 and 2020, the Company recorded contingent consideration gains of $4.3 million, $3.9 million and $3.5 million, respectively, related to the disposition of Kaplan University (KU) in 2018.
In the fourth quarter of 2022, the Company recorded an $18.4 million gain related to the CyberVista transaction (see Notes 3 and 4). The Company used a market approach to determine the fair value of the noncontrolling financial interest retained in CyberVista through its interest in N2K Networks.
In the second quarter of 2020, the Company made an additional investment in Framebridge (see Notes 3 and 4) 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 fourth quarter of 2020, the Company recorded a $209.8 million gain on the sale of Megaphone.