Washington Post 2013 Annual Report Download - page 103

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The Company’s education division comprises the following operating segments:
Year Ended December 31
(in thousands) 2013 2012 2011
Operating Revenues
Higher education ............................................................... $1,080,908 $1,149,407 $1,399,583
Test preparation ................................................................ 293,201 284,252 303,093
Kaplan international ............................................................. 797,362 753,790 690,226
Kaplan corporate and other ....................................................... 7,990 15,039 18,940
Intersegment elimination .......................................................... (1,953) (5,992) (7,383)
$2,177,508 $2,196,496 $2,404,459
Income (Loss) from Operations
Higher education ............................................................... $ 71,584 $ 27,245 $ 148,915
Test preparation ................................................................ 4,118 (10,799) (28,498)
Kaplan international ............................................................. 53,424 49,612 46,498
Kaplan corporate and other ....................................................... (78,160) (172,472) (69,509)
Intersegment elimination .......................................................... 335 1,046 (1,120)
$ 51,301 $ (105,368) $ 96,286
Depreciation of Property, Plant and Equipment
Higher education ............................................................... $ 43,892 $ 58,514 $ 48,379
Test preparation ................................................................ 19,194 19,718 15,489
Kaplan international ............................................................. 16,296 21,149 16,746
Kaplan corporate and other ....................................................... 10,382 1,802 3,121
$ 89,764 $ 101,183 $ 83,735
Amortization of Intangible Assets .................................................... $ 9,962 $ 17,719 $ 19,417
Impairment of Goodwill and Other Long-Lived Assets ..................................... $ 3,250 $ 111,593 $ —
Pension Expense
Higher education ............................................................... $ 11,714 $ 7,943 $ 4,249
Test preparation ................................................................ 2,674 2,007 1,288
Kaplan international ............................................................. 363 189 142
Kaplan corporate and other ....................................................... 1,787 1,445 666
$ 16,538 $ 11,584 $ 6,345
Capital Expenditures
Higher education ............................................................... $ 10,879 $ 26,406 $ 19,735
Test preparation ................................................................ 7,008 8,211 17,266
Kaplan international ............................................................. 27,601 16,864 16,304
Kaplan corporate and other ....................................................... 62 (240) (1,434)
$ 45,550 $ 51,241 $ 51,871
Asset information for the Company’s education division is as follows:
As of December 31
(in thousands) 2013 2012
Identifiable Assets
Higher education ......................................................................... $ 859,208 $ 949,260
Test preparation ......................................................................... 173,435 197,672
Kaplan international ....................................................................... 864,507 818,613
Kaplan corporate and other ................................................................. 23,887 22,470
$1,921,037 $1,988,015
2013 FORM 10-K 85