Washington Post 2012 Annual Report Download - page 109

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The Company’s education division comprises the following operating segments:
Fiscal Year Ended
(in thousands) 2012 2011 2010
Operating Revenues
Higher education ............................................................ $1,149,407 $1,399,583 $1,905,038
Test preparation ............................................................. 284,252 303,093 314,879
Kaplan international .......................................................... 764,184 704,581 587,781
Kaplan corporate and other .................................................... 4,645 4,585 5,537
Intersegment elimination ....................................................... (5,992) (7,383) (8,395)
$2,196,496 $2,404,459 $2,804,840
Income (Loss) from Operations
Higher education ............................................................ $ 27,245 $ 148,915 $ 406,880
Test preparation ............................................................. (10,799) (28,498) (32,583)
Kaplan international .......................................................... 49,069 41,506 49,309
Kaplan corporate and other .................................................... (171,929) (64,517) (63,788)
Intersegment elimination ....................................................... 1,046 (1,120) (234)
$ (105,368) $ 96,286 $ 359,584
Depreciation of Property, Plant and Equipment
Higher education ............................................................ $ 58,514 $ 48,379 $ 42,412
Test preparation ............................................................. 19,718 15,489 14,095
Kaplan international .......................................................... 21,173 16,953 12,993
Kaplan corporate and other .................................................... 1,778 2,914 3,851
$ 101,183 $ 83,735 $ 73,351
Amortization of Intangible Assets ................................................. $ 17,719 $ 19,417 $ 19,202
Impairment of Goodwill and Other Long-Lived Assets .................................. $ 111,593 $—$—
Pension Expense
Higher education ............................................................ $ 7,943 $ 4,249 $ 3,379
Test preparation ............................................................. 2,007 1,288 1,467
Kaplan international .......................................................... 241 167 130
Kaplan corporate and other .................................................... 1,393 641 731
......................................................................... $ 11,584 $ 6,345 $ 5,707
Capital Expenditures
Higher education ............................................................ $ 26,406 $ 19,735 $ 58,660
Test preparation ............................................................. 8,211 17,266 32,798
Kaplan international .......................................................... 16,864 16,304 14,163
Kaplan corporate and other .................................................... (240) (1,434) 5,109
$ 51,241 $ 51,871 $ 110,730
Identifiable assets for the Company’s education division consist of the following:
As of December 31,
(in thousands) 2012 2011
Identifiable Assets
Higher education ......................................................................... $ 949,260 $ 919,443
Test preparation ......................................................................... 197,672 334,343
Kaplan international ....................................................................... 820,565 810,140
Kaplan corporate and other ................................................................. 20,518 153,793
$1,988,015 $2,217,719
2012 FORM 10-K 97