Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 31

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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30Affected Line Item in the Condensed Consolidated Statements of Operations  (in thousands)2025202420252024Foreign Currency Translation Adjustments:          Adjustment for sale of a business with foreign operations$646 $— $646 $— Other (expense) income, net          Pension and Other Postretirement Plans:        Amortization of net prior service credit(521)(482)(1,040)(976)(1)Amortization of net actuarial gain(380)(11,733)(759)(24,720)(1)  (901)(12,215)(1,799)(25,696)Before tax  231 3,128 461 6,579 Provision for Income Taxes  (670)(9,087)(1,338)(19,117)Net of TaxCash Flow Hedges61 (120)121 (245)Interest expenseTotal reclassification for the period$37 $(9,207)$(571)$(19,362)Net of Tax____________(1)    These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and postretirement plan cost (see Note 11) and are included in non-operating pension and postretirement benefit income in the Company’s Condensed Consolidated Statements of Operations.

14.    CONTINGENCIES

Litigation, Legal and Other Matters.  The Company and its subsidiaries are subject to complaints and administrative proceedings and are defendants in various civil lawsuits that have arisen in the ordinary course of their businesses, including contract disputes; actions alleging negligence, libel, defamation and invasion of privacy; trademark, copyright and patent infringement; real estate lease and sublease disputes; violations of employment laws and applicable wage and hour laws; and statutory or common law claims involving current and former students and employees. Although the outcomes of the legal claims and proceedings against the Company cannot be predicted with certainty, based on currently available information, management believes that there are no existing claims or proceedings that are likely to have a material effect on the Company’s business, financial condition, results of operations or cash flows. However, based on currently available information, management believes it is reasonably possible that future losses from existing and threatened legal, regulatory and other proceedings in excess of the amounts recorded could reach approximately $10 million.

15.    BUSINESS SEGMENTS

The Company has seven reportable segments: Kaplan International, Kaplan Higher Education, Kaplan Supplemental Education, Television