Washington Post 2015 Annual Report Download - page 107

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The changes in the carrying amount of goodwill, by segment, were as follows:
(in thousands) Education Cable
Television
Broadcasting
Other
Businesses Total
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
Measurement period adjustment ........... – – – 4,570 4,570
Acquisitions ............................ 11,515 – – 60,071 71,586
Impairment ............................. (248,591) – – (2,810) (251,401)
Dispositions ............................. (33,502) (85,488) – (7,819) (126,809)
Foreign currency exchange rate changes ..... (29,143) – – – (29,143)
As of December 31, 2015
Goodwill ........................... 1,006,096 – 168,345 202,814 1,377,255
Accumulated impairment losses ........ (350,850) – – (8,892) (359,742)
$ 655,246 $ – $168,345 $193,922 $1,017,513
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, 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
Acquisitions ...................................... 11,515 – – 11,515
Impairment ...................................... (248,591) – – (248,591)
Dispositions ...................................... (28,738) – (4,764) (33,502)
Foreign currency exchange rate changes .............. (204) – (28,939) (29,143)
As of December 31, 2015
Goodwill .................................... 392,457 166,098 447,541 1,006,096
Accumulated impairment losses ................. (248,591) (102,259) – (350,850)
$ 143,866 $ 63,839 $447,541 $ 655,246
2015 FORM 10-K 92