Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 97

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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Finished goods218,365 234,344 Contracts in progress3,509 2,721  $306,257 $295,808 

6.    GOODWILL AND OTHER INTANGIBLE ASSETS

In the second quarter of 2024, as a result of substantial digital advertising revenue declines and continued operating losses at WGB, the Company performed an interim review of the goodwill and intangible assets at the WGB reporting unit. As a result of the impairment review, the Company recorded goodwill and amortized intangible asset impairment charges totaling $26.3 million. The Company estimated the fair value of the reporting unit and amortized intangible asset by utilizing a discounted cash flow model. The carrying value of the reporting unit and amortized intangible asset 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. WGB is included in other businesses.Amortization of intangible assets for the three months ended September 30, 2025 and 2024, was $9.7 million and $8.4 million, respectively. Amortization of intangible assets for the nine months ended September 30, 2025 and 2024, was $24.8 million and $29.2 million, respectively. Amortization of intangible assets is estimated to be approximately $7 million for the remainder of 2025, $24 million in 2026, $9 million in 2027, $6 million in 2028, $5 million in 2029 and $18 million thereafter.The changes in the carrying amount of goodwill, by segment, were as follows:(in thousands)EducationTelevision BroadcastingManufacturingHealthcareAutomotiveOther BusinessesTotalBalance as of December 31, 2024        Goodwill$1,146,335 $190,815 $234,993 $135,038 $129,280 $251,216 $2,087,677 Accumulated impairment losses(331,151)— (82,062)— — (174,428)(587,641)815,184 190,815 152,931 135,038 129,280 76,788 1,500,036 Acquisitions1,262 — 41,515 — — — 42,777 Dispositions(1,204)— — — — — (