Washington Post 2015 Annual Report Download - page 146

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Quarterly impact from certain items in 2015 and 2014 (after-tax and diluted EPS amounts):
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2015
• Goodwill and long-lived assets impairment charges of $225.2 million at
Kaplan and other businesses ($4.4 million, $217.1 million and $3.7
million in the second, third and fourth quarters, respectively) ......... $(0.75) $(37.85) $ (0.63)
• Charges of $28.9 million related to restructuring at the education
division, corporate office and other businesses ($6.8 million, $10.7
million, $5.8 million and $5.5 million in the first, second, third and
fourth quarters, respectively) ................................... $(1.17) $ (1.82) $ (1.00) $ (0.96)
• Charges of $15.3 million related to the modification of stock option
awards in conjunction with the Cable ONE spin-off and the
modification of restricted stock awards ($11.6 million and $3.7 million
in the third and fourth quarters, respectively) ...................... $ (1.99) $ (0.63)
• Non-operating losses, net, of $15.7 million arising from the sales of five
businesses and an investment, and on the formation of a joint venture
($3.6 million gain, $5.0 million gain and $24.3 million loss in the first,
second and third quarters, respectively) .......................... $ 0.50 $ 0.85 $ (4.16)
• Gain of $13.2 million from the sale of land ....................... $ 2.27
• Losses, net, of $9.7 million for non-operating unrealized foreign
currency (losses) gains ($4.4 million loss, $2.3 million gain, $8.0
million loss and $0.4 million gain in the first, second, third and fourth
quarters, respectively) ........................................ $(0.75) $ 0.39 $ (1.37) $ 0.07
2014
• Charges of $20.2 million related to restructuring and early retirement
program expense and related charges at the education division and
corporate office ($2.9 million, $6.7 million, $8.7 million and $1.9
million in the first, second, third and fourth quarters, respectively) ..... $(0.39) $ (0.90) $ (1.50) $ (0.33)
• Intangible and other long-lived assets impairment charge of $11.2
million at Kaplan and other businesses ........................... $(1.92)
• Gain of $249.8 million from the sale of Classified Ventures .......... $42.89
• Gain of $58.2 million from the Classified Ventures’ sale of
apartments.com ............................................. $ 7.80
• Gain of $266.7 million from the Berkshire exchange transaction ...... $35.73
• Gain of $81.8 million on the sale of the corporate headquarters
building ................................................... $11.13
• Losses, net, of $7.1 million for non-operating unrealized foreign
currency (losses) gains ($3.2 million gain, $1.9 million gain, $6.8
million loss and $5.5 million loss in the first, second, third and fourth
quarters, respectively) ........................................ $ 0.44 $ 0.25 $ (1.16) $ (0.94)
131 GRAHAM HOLDINGS COMPANY