Washington Post 2014 Annual Report Download - page 87

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The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands) Education Cable Newspaper
Publishing Television
Broadcasting Other
Businesses Total
As of December 31, 2012
Goodwill .................................. $1,097,058 $85,488 $ 81,183 $203,165 $ 19,052 $1,485,946
Accumulated impairment losses .................. (102,259) — (65,772) — — (168,031)
994,799 85,488 15,411 203,165 19,052 1,317,915
Reallocation, net ............................... — — (1,809) — 1,809 —
Acquisitions .................................. — — — — 7,934 7,934
Dispositions .................................. — — (13,602) — — (13,602)
Foreign currency exchange rate changes ............. (23,625) — — — — (23,625)
As of December 31, 2013
Goodwill .................................. 1,073,433 85,488 — 203,165 34,877 1,396,963
Accumulated impairment losses .................. (102,259) — — — (6,082) (108,341)
971,174 85,488 — 203,165 28,795 1,288,622
Acquisitions ................................... 14,963 — — 2,841 111,115 128,919
Dispositions ................................... (2,422) — — (37,661) — (40,083)
Reclassification to discontinued operations ........... (810) — — — — (810)
Foreign currency exchange rate changes ............ (27,938) — — — — (27,938)
As of December 31, 2014
Goodwill .................................... 1,057,226 85,488 — 168,345 145,992 1,457,051
Accumulated impairment losses .................. (102,259) — — — (6,082) (108,341)
$ 954,967 $ 85,488 $ — $ 168,345 $139,910 $ 1,348,710
The changes in carrying amount of goodwill at the Company’s education division were as follows:
(in thousands)
Higher
Education Test
Preparation Kaplan
International Total
As of December 31, 2012
Goodwill ........................................................ $409,184 $ 152,187 $535,687 $1,097,058
Accumulated impairment losses ........................................ — (102,259) — (102,259)
409,184 49,928 535,687 994,799
Foreign currency exchange rate changes ................................... (168) — (23,457) (23,625)
As of December 31, 2013
Goodwill ........................................................ 409,016 152,187 512,230 1,073,433
Accumulated impairment losses ........................................ — (102,259) — (102,259)
409,016 49,928 512,230 971,174
Acquisitions .......................................................... 1,052 13,911 — 14,963
Dispositions .......................................................... — — (2,422) (2,422)
Reclassification to discontinued operations .................................. — — (810) (810)
Foreign currency exchange rate changes ................................... (184) — (27,754) (27,938)
As of December 31, 2014 ...............................................
Goodwill ......................................................... 409,884 166,098 481,244 1,057,226
Accumulated impairment losses ....................................... — (102,259) — (102,259)
$ 409,884 $ 63,839 $ 481,244 $ 954,967
Other intangible assets consist of the following:
Useful Life
Range
As of December 31, 2014 As of December 31, 2013
(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 $ 2,500 $ 1,590 $ 910 $ 13,540 $12,622 $ 918
Student and customer relationships ......... 2–10 years 104,685 47,539 57,146 72,050 45,718 26,332
Databases and technology ............... 3–5 years 10,501 8,827 1,674 10,790 6,991 3,799
Trade names and trademarks ............. 2–10 years 55,452 19,724 35,728 22,327 16,052 6,275
Other ............................... 1–25 years 8,969 7,480 1,489 9,836 7,572 2,264
$182,107 $85,160 $96,947 $128,543 $88,955 $39,588
Indefinite-Lived Intangible Assets
Franchise agreements ................... $496,321 $496,321
Wireless licenses ...................... —22,150
Licensure and accreditation ............... 6,781 7,171
Other ............................... 13,651 15,636
$516,753 $541,278
2014 FORM 10-K 71