Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill, by segment, were as follows:

(in thousands)	Education		Television Broadcasting		Manufacturing		Healthcare		Automotive		Other Businesses		Total
Balance as of December 31, 2022
Goodwill	$	1,145,502	$	190,815	$	234,993	$	135,870	$	84,697	$	251,216	$	2,043,093
Accumulated impairment losses	(331,151)		—		(34,302)		—		—		(116,687)		(482,140)
	814,351		190,815		200,691		135,870		84,697		134,529		1,560,953
Measurement period adjustments	—		—		—		(2,217)		—		—		(2,217)
Acquisitions	—		—		—		385		44,583		—		44,968
Impairments	—		—		(47,760)		—		—		(50,239)		(97,999)
Foreign currency exchange rate changes	(5,998)		—		—		—		—		—		(5,998)
Balance as of September 30, 2023
Goodwill	1,139,504		190,815		234,993		134,038		129,280		251,216		2,079,846
Accumulated impairment losses	(331,151)		—		(82,062)		—		—		(166,926)		(580,139)
	$	808,353	$	190,815	$	152,931	$	134,038	$	129,280	$	84,290	$	1,499,707

Other Intangible Assets

Other intangible assets consist of the following:

		As of September 30, 2023						As of December 31, 2022
(in thousands)	Useful Life Range	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net  Carrying Amount
Amortized Intangible Assets
Student and customer relationships	2–10 years	$	281,838	$	231,161	$	50,677	$	297,766	$	230,429	$	67,337
Trade names and trademarks	2–15 years	142,812		86,534		56,278		148,102		81,078		67,024
Network affiliation agreements	10 years	17,400		12,603		4,797		17,400		10,367		7,033
Databases and technology	3–6 years	36,087		34,871		1,216		36,216		32,219		3,997
Noncompete agreements	2–5 years	20		18		2		1,000		995		5
Other	1–8 years	41,327		31,450		9,877		43,644		27,618		16,026
		$	519,484	$	396,637	$	122,847	$	544,128	$	382,706	$	161,422
Indefinite-Lived Intangible Assets
Franchise agreements		$	92,158					$	85,858
Trade names and trademarks		82,382						81,905
FCC licenses		11,000						11,000
Licensure and accreditation		150						150
Other		21						21
		$	185,711					$	178,934

Education [Member]

Changes in Carrying Amount of Goodwill

The changes in carrying amount of goodwill at the Company’s education division were as follows:

(in thousands)	Kaplan International		Higher Education		Supplemental Education		Total
Balance as of December 31, 2022
Goodwill	$	579,561	$	174,564	$	391,377	$	1,145,502
Accumulated impairment losses	—		(111,324)		(219,827)		(331,151)
	579,561		63,240		171,550		814,351
Foreign currency exchange rate changes	(6,009)		—		11		(5,998)
Balance as of September 30, 2023
Goodwill	573,552		174,564		391,388		1,139,504
Accumulated impairment losses	—		(111,324)		(219,827)		(331,151)
	$	573,552	$	63,240	$	171,561	$	808,353