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Business Segments
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTS
In the second quarter of 2023, Kaplan modified its segment reporting for Kaplan India, a shared services center that supports Higher Education. Kaplan India was previously included in Kaplan corporate and other. Certain amounts in previously issued financial statements have been reclassified to conform to the current presentation.
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 Ended 
 September 30		Nine Months Ended 
 September 30
(in thousands)2023202220232022
Operating Revenues    
Education$411,837 $355,064 $1,192,105 $1,066,089 
Television broadcasting116,112 135,165 347,818 380,970 
Manufacturing109,216 122,964 343,882 365,966 
Healthcare116,164 87,176 331,505 230,816 
Automotive272,018 211,396 765,251 509,965 
Other businesses86,653 101,207 269,110 308,150 
Corporate office365 — 1,215 — 
Intersegment elimination(846)(534)(2,822)(1,495)
  $1,111,519 $1,012,438 $3,248,064 $2,860,461 
Income (Loss) from Operations before Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets






Education$33,069 $22,625 $94,625 $69,952 
Television broadcasting33,310 53,691 97,808 135,991 
Manufacturing10,515 14,723 39,019 39,527 
Healthcare6,837 6,953 19,986 21,491 
Automotive8,240 11,050 28,543 25,493 
Other businesses(24,404)(17,840)(73,428)(68,301)
Corporate office(14,599)(17,035)(39,881)(40,886)
$52,968 $74,167 $166,672 $183,267 
Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets
Education$3,210 $3,980 $11,610 $12,190 
Television broadcasting1,363 1,360 4,088 4,080 
Manufacturing51,489 5,076 60,683 15,403 
Healthcare866 905 2,702 2,822 
Automotive3 — 3 — 
Other businesses53,149 3,314 58,987 9,941 
Corporate office— — — — 
$110,080 $14,635 $138,073 $44,436 
Income (Loss) from Operations
Education$29,859 $18,645 $83,015 $57,762 
Television broadcasting31,947 52,331 93,720 131,911 
Manufacturing(40,974)9,647 (21,664)24,124 
Healthcare5,971 6,048 17,284 18,669 
Automotive8,237 11,050 28,540 25,493 
Other businesses(77,553)(21,154)(132,415)(78,242)
Corporate office(14,599)(17,035)(39,881)(40,886)
  $(57,112)$59,532 $28,599 $138,831 
Equity in (Losses) Earnings of Affiliates, Net(791)(1,111)(2,245)2,920 
Interest Expense, Net(9,824)(10,776)(33,140)(36,755)
Non-Operating Pension and Postretirement Benefit Income, Net
35,653 50,687 97,313 152,063 
Gain (Loss) on Marketable Equity Securities, Net
16,759 (54,250)113,429 (172,878)
Other Income, Net
3,581 2,358 22,458 6,410 
(Loss) Income Before Income Taxes
$(11,734)$46,440 $226,414 $90,591 
  Three Months Ended 
 September 30		Nine Months Ended 
 September 30
(in thousands)2023202220232022
Depreciation of Property, Plant and Equipment
Education$10,000 $8,360 $28,428 $25,396 
Television broadcasting3,120 2,961 9,243 9,335 
Manufacturing2,388 2,358 6,957 7,109 
Healthcare1,411 590 3,802 1,455 
Automotive1,304 1,067 3,565 2,596 
Other businesses3,832 4,169 10,882 12,198 
Corporate office152 152 458 456 
  $22,207 $19,657 $63,335 $58,545 
Pension Service Cost  
Education$2,226 $2,233 $6,680 $6,700 
Television broadcasting833 884 2,498 2,666 
Manufacturing280 276 836 828 
Healthcare3,521 138 10,563 417 
Automotive16 6 26 17 
Other businesses662 552 1,847 1,549 
Corporate office952 1,468 2,856 4,404 
  $8,490 $5,557 $25,306 $16,581 
Asset information for the Company’s business segments is as follows:
  As of
(in thousands)September 30, 2023December 31, 2022
Identifiable Assets    
Education$1,960,870 $1,987,042 
Television broadcasting420,938 431,084 
Manufacturing435,324 486,487 
Healthcare252,770 249,845 
Automotive568,673 427,221 
Other businesses366,694 475,583 
Corporate office123,782 70,567 
  $4,129,051 $4,127,829 
Investments in Marketable Equity Securities665,514 609,921 
Investments in Affiliates191,408 186,419 
Prepaid Pension Cost1,703,216 1,658,046 
Total Assets$6,689,189 $6,582,215 
The Company’s education division comprises the following operating segments:
  Three Months Ended 
 September 30		Nine Months Ended 
 September 30
  
(in thousands)2023202220232022
Operating Revenues      
Kaplan international$249,976 $193,085 $714,715 $598,469 
Higher education81,925 82,314 250,557 233,990 
Supplemental education78,332 79,566 226,535 233,416 
Kaplan corporate and other3,101 2,616 8,360 7,414 
Intersegment elimination(1,497)(2,517)(8,062)(7,200)
  $411,837 $355,064 $1,192,105 $1,066,089 
Income (Loss) From Operations before Amortization of Intangible Assets and Impairment of Long-Lived Assets
Kaplan international$22,220 $8,503 $64,272 $48,130 
Higher education8,465 9,064 33,343 17,423 
Supplemental education9,729 9,471 16,992 17,671 
Kaplan corporate and other(7,412)(4,616)(20,074)(13,438)
Intersegment elimination67 203 92 166 
$33,069 $22,625 $94,625 $69,952 
Amortization of Intangible Assets$3,210 $3,980 $11,133 $12,190 
Impairment of Long-Lived Assets$— $— $477 $— 
Income (Loss) from Operations      
Kaplan international$22,220 $8,503 $64,272 $48,130 
Higher education8,465 9,064 33,343 17,423 
Supplemental education9,729 9,471 16,992 17,671 
Kaplan corporate and other(10,622)(8,596)(31,684)(25,628)
Intersegment elimination67 203 92 166 
  $29,859 $18,645 $83,015 $57,762 
Depreciation of Property, Plant and Equipment
        
Kaplan international$7,599 $5,709 $20,832 $17,258 
Higher education1,258 1,050 3,431 3,256 
Supplemental education1,117 1,570 4,087 4,787 
Kaplan corporate and other26 31 78 95 
  $10,000 $8,360 $28,428 $25,396 
Pension Service Cost        
Kaplan international$83 $67 $244 $202 
Higher education958 961 2,803 2,862 
Supplemental education1,063 1,029 3,110 3,106 
Kaplan corporate and other122 176 523 530 
  $2,226 $2,233 $6,680 $6,700 
Asset information for the Company’s education division is as follows:
  As of
(in thousands)September 30, 2023December 31, 2022
Identifiable Assets    
Kaplan international$1,437,590 $1,479,833 
Higher education223,593 187,034 
Supplemental education252,571 268,499 
Kaplan corporate and other47,116 51,676 
  $1,960,870 $1,987,042