Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 83

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 83
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86.1 million, and $73.3 million in 2024, 2023 and 2022, respectively.The Company recorded property, plant and equipment impairment charges of $0.3 million in 2023. The Company estimated the fair value of the property, plant and equipment using income and market approaches.

8.    LEASES

Operating Leases.  The components of operating lease expense were as follows:Year Ended December 31(in thousands)202420232022Operating lease cost$87,204 $89,994 $91,613 Short-term and month-to-month lease cost47,048 44,457 30,754 Variable lease cost20,410 23,080 21,265 Sublease income(9,135)(16,035)(14,734)Total net lease cost$145,527 $141,496 $128,898 The Company recorded impairment charges of $0.6 million and $0.8 million in 2024 and 2023, respectively. The Company estimated the fair value of the ROU assets using an income approach.

91

Supplemental information related to operating leases was as follows:Year Ended December 31(in thousands)202420232022Cash Flow Information:Operating cash flows from operating leases (payments)$86,210 $94,630 $100,207 Right-of-use assets obtained in exchange for new operating lease liabilities (noncash)55,283 38,967 81,838 As of December 3120242023Balance Sheet Information:Lease right-of-use assets$388,419 $409,183 Current lease liabilities$58,239 $64,247 Noncurrent lease liabilities362,885 376,677 Total lease liabilities$421,124 $440,924 Weighted average remaining lease term (years)10.410.6Weighted average discount rate5.4 %5.2 %At December 31, 2024, maturities of operating lease liabilities were as follows: (in thousands)December 31, 20242025$73,339 202672,629 202764,432 202853,599 202947,271 Thereafter256,558 Total payments567,828 Less: Imputed interest(146,704)Total$421,124 As of December 31, 2024, the Company has entered into operating leases, including restaurant