Washington Post 2013 Annual Report Download - page 106

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Quarterly impact from certain items in 2013 and 2012 (after-tax and diluted EPS amounts):
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
2013
• Charges of $25.3 million in connection with severance and restructuring at the education division
($6.1 million, $3.9 million, $3.1 million and $12.2 million in the first, second, third and fourth
quarters, respectively) ........................................................... $(0.85) $(0.54) $(0.42) $ (1.66)
• Intangible and other long-lived assets impairment charge of $3.2 million at Kaplan .............. $ (0.44)
• Write-down of marketable equity security of $6.7 million ................................. $ (0.91)
• Losses, net, of $8.6 million for non-operating unrealized foreign currency (losses) gains ($3.0 million
loss, $8.1 million loss, $5.0 million gain and $2.6 million loss in the first, second, third and fourth
quarters, respectively) ........................................................... $(0.41) $(1.11) $ 0.69 $ (0.35)
2012
• Goodwill and other long-lived assets impairment charge of $81.9 million at Kaplan Test
Preparation .................................................................. $(11.33)
• Charges of $32.9 million in connection with severance and restructuring at the education division
($3.1 million, $2.7 million and $27.1 million in the second, third and fourth quarters,
respectively) .................................................................. $(0.41) $(0.37) $ (3.75)
• Write-down of a marketable equity security of $11.2 million .............................. $ (1.54)
• Gain on sale of cost method investment of $3.7 million .................................. $0.48
• Gains, net, of $2.0 million for non-operating unrealized foreign currency gains (losses) ($1.7 million
gain, $1.6 million loss and $1.9 million gain in the first, second and third quarters, respectively) .... $0.22 $(0.21) $ 0.26
88 GRAHAM HOLDINGS COMPANY