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Other Non-Operating Income
 6 Months Ended
Jun. 30, 2023
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 
 June 30

Six Months Ended 
 June 30
(in thousands)
2023202220232022
Gain on sale of businesses$12,232 $753 $13,232 $1,698 
Gain on cost method investments1,273 — 3,104 — 
Gain (loss) on sale of cost method investments46 (51)831 1,024 
Foreign currency gain (loss), net1,604 (478)100 (1,525)
Gain on sale of investments in affiliates— — 15 604 
Other gain, net639 952 1,595 2,251 
Total Other Non-Operating Income
$15,794 $1,176 $18,877 $4,052 
The gain on cost method investments resulted 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 six months ended June 30, 2023, the Company recorded contingent consideration gains of $2.2 million and $3.2 million, respectively, related to the disposition of Kaplan University (KU) in 2018. During the three and six months ended June 30, 2022, the Company recorded contingent consideration gains of $0.8 million and $1.7 million, respectively.
In the second quarter of 2023, the Company recorded a $10.0 million gain related to the Pinna transaction (see Notes 2 and 3). The Company used a market approach to determine the fair value of the noncontrolling financial interest received in Realm in exchange for the Pinna business.