Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 111

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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September 30(in thousands)2025202420252024Interest cost$10 $14 $32 $42 Recognized actuarial gain(378)(469)(1,137)(1,408)Net Periodic Benefit$(368)$(455)$(1,105)$(1,366)

12.    OTHER NON-OPERATING INCOME (EXPENSE)

A summary of non-operating income (expense) is as follows:Three Months Ended  September 30Nine Months Ended  September 30(in thousands)2025202420252024Impairment of cost method investments$(1,486)$— $(14,165)$(744)Foreign currency gain (loss), net1,147 (4,559)(7,707)(5,642)Gain on sale of businesses— 3,763 371 8,121 Gain on cost method investments— 191 — 191 Gain on sale of investment in affiliate— — — 15 Other gain, net346 140 987 1,032 Total Other Non-Operating Income (Expense)$7 $(465)$(20,514)$2,973 The gain on cost method investments results from observable price changes in the fair value of the underlying equity securities accounted for under the cost method (see Notes 3 and 8).During the nine months ended September 30, 2024, the Company recorded contingent consideration gains of $0.9 million related to the disposition of Kaplan University (KU) in 2018.In the third quarter of 2024, the Company recorded a $3.7 million gain related to Kaplan’s sale of a small business (see Note 2). In the second quarter of 2024, the Company recorded a $3.5 million gain related to the sale of a small business by WGB, which included five websites (see Note 2).

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13.    ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The other comprehensive income (loss) consists of the following components:Three Months Ended September 30  20252024  Before-TaxIncomeAfter-TaxBefore-TaxIncomeAfter-Tax(in thousands)AmountTaxAmountAmountTaxAmountForeign currency translation adjustments:            Translation adjustments arising during the period$(8,227)$— $(8,227)$31,469 $— $31,469 Adjustment for sale of a business with foreign