Washington Post 2011 Annual Report Download - page 87

The changes in the carrying amount of goodwill related to continuing operations, by segment, during 2011 and 2010 were as follows:
(in thousands) Education Cable Television Newspaper Publishing Television Broadcasting Other Businesses Total
Balance as of January 3, 2010
Goodwill ............................................ $1,073,852 $85,488 $ 81,186 $203,165 $ 97,342 $1,541,033
Accumulated impairment losses ............................ (15,529) —(65,772) —(60,785) (142,086)
1,058,323 85,488 15,414 203,165 36,557 1,398,947
Acquisitions ............................................ 4,200 —— —2,810 7,010
Impairment ............................................ —— — —(24,634) (24,634)
Dispositions ............................................ (19,851) —— — —(19,851)
Foreign currency exchange rate changes and other ............... 14,888 —(3) ——14,885
Balance as of January 2, 2011
Goodwill ............................................ 1,073,089 85,488 81,183 203,165 100,152 1,543,077
Accumulated impairment losses ............................ (15,529) —(65,772) —(85,419) (166,720)
1,057,560 85,488 15,411 203,165 14,733 1,376,357
Acquisitions ........................................... 78,643 — — — — 78,643
Impairment ........................................... — — — — (11,923) (11,923)
Dispositions ........................................... (21,144) — — — — (21,144)
Foreign currency exchange rate changes and other ............. (6,936) — — — — (6,936)
Balance as of December 31, 2011
Goodwill ........................................... 1,116,615 85,488 81,183 203,165 100,152 1,586,603
Accumulated impairment losses .......................... (8,492) — (65,772) — (97,342) (171,606)
$ 1,108,123 $ 85,488 $ 15,411 $ 203,165 $ 2,810 $ 1,414,997
The changes in carrying amount of goodwill at the Company’s education division for 2011 and 2010 were as follows:
(in thousands) Higher Education Test Preparation Kaplan International Kaplan Ventures Total
Balance as of January 3, 2010
Goodwill ........................................................ $335,226 $236,779 $432,973 $ 68,874 $1,073,852
Accumulated impairment losses ........................................ —— —(15,529) (15,529)
335,226 236,779 432,973 53,345 1,058,323
Reallocation, net ..................................................... —(14,534) —14,534 —
Acquisitions ........................................................ ——201 3,999 4,200
Dispositions ........................................................ —— —(19,851) (19,851)
Foreign currency exchange rate changes and other ........................... —204 11,766 2,918 14,888
Balance as of January 2, 2011
Goodwill ........................................................ 335,226 229,486 444,940 63,437 1,073,089
Accumulated impairment losses ........................................ —(7,037) —(8,492) (15,529)
335,226 222,449 444,940 54,945 1,057,560
Reallocation, net .................................................... 91,043 (70,262) — (20,781) —
Acquisitions ........................................................ 422 — 74,803 3,418 78,643
Dispositions ........................................................ (17,479) — — (3,665) (21,144)
Foreign currency exchange rate changes and other .......................... (84) — (3,807) (3,045) (6,936)
Balance as of December 31, 2011
Goodwill ........................................................ 409,128 152,187 515,936 39,364 1,116,615
Accumulated impairment losses ....................................... — — — (8,492) (8,492)
$ 409,128 $ 152,187 $ 515,936 $ 30,872 $ 1,108,123
Other intangible assets consist of the following:
Useful Life
Range
As of December 31, 2011 As of January 2, 2011
(in thousands)
Gross
Carrying
Amount Accumulated Amortization
Net
Carrying
Amount
Gross
Carrying
Amount Accumulated Amortization
Net
Carrying
Amount
Amortized intangible assets
Noncompete agreements ........................ 2 –5 years $ 14,493 $10,764 $ 3,729 $ 43,940 $ 33,570 $10,370
Student and customer relationships .................. 2 – 10 years 75,734 47,888 27,846 66,510 41,958 24,552
Databases and technology ....................... 3 – 5 years 10,514 8,159 2,355 10,514 2,921 7,593
Trade names and trademarks ..................... 2 – 10 years 36,222 18,936 17,286 29,053 15,330 13,723
Other ....................................... 1 – 25 years 9,971 6,565 3,406 11,502 6,498 5,004
$146,934 $92,312 $54,622 $161,519 $100,277 $61,242
Indefinite-lived intangible assets
Franchise agreements ........................... $496,321 $496,166
Wireless licenses .............................. 22,150 22,150
Licensure and accreditation ....................... 7,862 7,877
Other ....................................... 4,308 4,623
$530,641 $530,816
2011 FORM 10-K 75