Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

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, 2024
Goodwill	$	1,146,335	$	190,815	$	234,993	$	135,038	$	129,280	$	251,216	$	2,087,677
Accumulated impairment losses	(331,151)		—		(82,062)		—		—		(174,428)		(587,641)
	815,184		190,815		152,931		135,038		129,280		76,788		1,500,036
Reclassification to assets held for sale	(1,070)		—		—		—		—		—		(1,070)
Foreign currency exchange rate changes	10,433		—		—		—		—		—		10,433
Balance as of March 31, 2025
Goodwill	1,155,698		190,815		234,993		135,038		129,280		251,216		2,097,040
Accumulated impairment losses	(331,151)		—		(82,062)		—		—		(174,428)		(587,641)
	$	824,547	$	190,815	$	152,931	$	135,038	$	129,280	$	76,788	$	1,509,399

Other Intangible Assets

Other intangible assets consist of the following:

		As of March 31, 2025						As of December 31, 2024
(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	$	280,411	$	255,881	$	24,530	$	281,140	$	252,969	$	28,171
Trade names and trademarks	2–10 years	113,280		95,705		17,575		116,081		94,408		21,673
Network affiliation agreements	10 years	17,400		14,282		3,118		17,400		13,848		3,552
Databases and technology	3–6 years	31,705		31,705		—		33,290		33,290		—
Other	1–8 years	41,514		39,103		2,411		41,514		38,214		3,300
		$	484,310	$	436,676	$	47,634	$	489,425	$	432,729	$	56,696
Indefinite-Lived Intangible Assets
Franchise agreements		$	92,158					$	92,158
Trade names and trademarks		61,669						60,994
FCC licenses		11,000						11,000
Other		171						171
		$	164,998					$	164,323

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, 2024
Goodwill	$	580,495	$	174,564	$	391,276	$	1,146,335
Accumulated impairment losses	—		(111,324)		(219,827)		(331,151)
	580,495		63,240		171,449		815,184
Reclassification to assets held for sale	(1,070)		—		—		(1,070)
Foreign currency exchange rate changes	10,424		—		9		10,433
Balance as of March 31, 2025
Goodwill	589,849		174,564		391,285		1,155,698
Accumulated impairment losses	—		(111,324)		(219,827)		(331,151)
	$	589,849	$	63,240	$	171,458	$	824,547