Print Page  |  Close Window

Investor Relations

SEC Filings

8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 05/03/2017
Entire Document
 


GRAHAM HOLDINGS COMPANY
EDUCATION DIVISION INFORMATION
(Unaudited)
 
 
 
 
  
Three Months Ended
 
  
  
March 31
 
%
(in thousands)
2017
 
2016
 
Change
Operating Revenues
  
 
  
 
  
Higher education
$
144,310

 
$
165,549

 
(13
)
Test preparation
64,568

 
66,462

 
(3
)
Kaplan international
164,562

 
169,287

 
(3
)
Kaplan corporate and other
14

 
125

 
(89
)
Intersegment elimination
(557
)
 
(347
)
 

  
$
372,897

 
$
401,076

 
(7
)
Operating Expenses
  

 
  

 
  

Higher education
$
131,706

 
$
144,243

 
(9
)
Test preparation
67,432

 
68,772

 
(2
)
Kaplan international
156,855

 
164,390

 
(5
)
Kaplan corporate and other
7,363

 
7,849

 
(6
)
Amortization of intangible assets
1,120

 
1,681

 
(33
)
Intersegment elimination
(610
)
 
(347
)
 

  
$
363,866

 
$
386,588

 
(6
)
Operating Income (Loss)
  

 
  

 
  

Higher education
$
12,604

 
$
21,306

 
(41
)
Test preparation
(2,864
)
 
(2,310
)
 
(24
)
Kaplan international
7,707

 
4,897

 
57

Kaplan corporate and other
(7,349
)
 
(7,724
)
 
5

Amortization of intangible assets
(1,120
)
 
(1,681
)
 
33

Intersegment elimination
53

 

 

  
$
9,031

 
$
14,488

 
(38
)
Depreciation
  

 
  

 
  

Higher education
$
3,431

 
$
4,175

 
(18
)
Test preparation
1,341

 
1,781

 
(25
)
Kaplan international
3,682

 
5,060

 
(27
)
Kaplan corporate and other
130

 
87

 
49

  
$
8,584

 
$
11,103

 
(23
)
Pension Expense
  

 
 
 
  

Higher education
$
2,044

 
$
1,905

 
7

Test preparation
911

 
768

 
19

Kaplan international
87

 
67

 
30

Kaplan corporate and other
(336
)
 
369

 

  
$
2,706

 
$
3,109

 
(13
)

-more-
7