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Investor Relations

SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 08/02/2017
Entire Document
 


The Company’s education division comprises the following operating segments:
  
Three Months Ended
 
Six Months Ended
  
June 30
 
June 30
(in thousands)
2017
 
2016
 
2017
 
2016
Operating Revenues
  
 
  
 
  
 
  
Higher education
$
139,204

 
$
157,980

 
$
283,514

 
$
323,529

Test preparation
75,730

 
79,349

 
140,298

 
145,811

Kaplan international
171,747

 
182,325

 
336,309

 
351,612

Kaplan corporate and other
57

 
18

 
71

 
143

Intersegment elimination
(239
)
 
(459
)
 
(796
)
 
(806
)
  
$
386,499

 
$
419,213

 
$
759,396

 
$
820,289

Income (Loss) from Operations
 
 
  

 
  

 
  

Higher education
$
17,711

 
$
17,237

 
$
30,315

 
$
38,543

Test preparation
5,741

 
7,036

 
2,877

 
4,726

Kaplan international
15,954

 
16,479

 
23,661

 
21,376

Kaplan corporate and other
(6,451
)
 
(7,811
)
 
(14,920
)
 
(17,216
)
Intersegment elimination
(30
)
 
(49
)
 
23

 
(49
)
  
$
32,925

 
$
32,892

 
$
41,956

 
$
47,380

Depreciation of Property, Plant and Equipment
  

 
  

 
  

 
  

Higher education
$
3,249

 
$
3,993

 
$
6,680

 
$
8,168

Test preparation
1,332

 
1,615

 
2,673

 
3,396

Kaplan international
3,609

 
4,319

 
7,291

 
9,379

Kaplan corporate and other
135

 
315

 
265

 
402

  
$
8,325

 
$
10,242

 
$
16,909

 
$
21,345

Amortization of Intangible Assets
$
1,323

 
$
1,704

 
$
2,443

 
$
3,385

Pension Expense
  

 
  

 
  

 
  

Higher education
$
2,044

 
$
1,905

 
$
4,088

 
$
3,810

Test preparation
911

 
768

 
1,822

 
1,536

Kaplan international
87

 
67

 
174

 
134

Kaplan corporate and other
(889
)
 
278

 
(1,225
)
 
647

  
$
2,153

 
$
3,018

 
$
4,859

 
$
6,127

Asset information for the Company’s education division is as follows:
  
As of
(in thousands)
June 30,
2017
 
December 31,
2016
Identifiable assets
  
 
  
Higher education
$
339,304

 
$
373,127

Test preparation
133,482

 
133,709

Kaplan international
1,000,943

 
950,922

Kaplan corporate and other
21,007

 
21,509

  
$
1,494,736

 
$
1,479,267


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