Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 86

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 86
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 amortized intangible assets by utilizing a discounted cash flow model. The carrying values of the reporting units and amortized intangible assets exceeded their estimated fair values, resulting in goodwill and intangible asset impairment charges for the amount by which the carrying values exceeded their estimated fair values after taking into account the effect of deferred income taxes. WGB, Society6 and Saatchi Art (collectively the Leaf businesses) are included in other businesses.Amortization of intangible assets for the years ended December 31, 2024, 2023 and 2022, was $37.1 million, $50.0 million and $58.9 million, respectively. Amortization of intangible assets is estimated to be approximately $28 million in 2025, $20 million in 2026, $5 million in 2027, $2 million in 2028 and $2 million in 2029.The changes in the carrying amount of goodwill, by segment, were as follows:(in thousands)EducationTelevision BroadcastingManufacturingHealthcareAutomotiveOther BusinessesTotalAs of December 31, 2022    Goodwill$1,145,502 $190,815 $234,993 $135,870 $84,697 $251,216 $2,043,093 Accumulated impairment losses(331,151)— (34,302)— — (116,687)(482,140) 814,351 190,815 200,691 135,870 84,697 134,529 1,560,953 Measurement period adjustment— — — (2,217)— — (2,217)Acquisitions— — — 1,385 44,583 — 45,968 Impairment— — (47,760)— — (50,239)(97,999)Foreign currency exchange rate changes18,489 — — — — — 18,489 As of December 31, 2023    Goodwill1,163,991 190,815 234,993 135,038 129,280 251,216 2,105,333 Accumulated impairment losses(331,151)— (82,062)— — (166,926)(580,139) 832,840 190,815 152,931 135,038 129,