Company: GHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000104889-25-000032
Chunk: 24

Company: Graham Holdings Co
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 24
---
 plan assets, valued at $1,277.6 million, or approximately 41% of total plan assets. At December 31, 2024, the pension plan held investments in one common stock and one private investment fund that exceeded 10% of total plan assets, valued at $1,178.5 million, or approximately 40% of total plan assets. Assets also included $108.5 million and $100.1 million of Markel shares at March 31, 2025 and December 31, 2024, respectively.Other Postretirement Plans.  The total benefit arising from the Company’s other postretirement plans consists of the following components:  Three Months Ended  March 31(in thousands)20252024Interest cost$10 $14 Recognized actuarial gain(379)(469)Net Periodic Benefit$(369)$(455)

12.    OTHER NON-OPERATING (EXPENSE) INCOME

A summary of non-operating (expense) income is as follows:Three Months Ended  March 31(in thousands)20252024Foreign currency (loss) gain, net$(4,379)$617 Gain on sale of businesses— 875 Impairment of cost method investment— (406)Other gain, net314 561 Total Other Non-Operating (Expense) Income$(4,065)$1,647 During the three months ended March 31, 2024, the Company recorded contingent consideration gains of $0.9 million related to the disposition of Kaplan University (KU) in 2018.

13.    ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The other comprehensive income (loss) consists of the following components:  Three Months Ended March 31  20252024  Before-TaxIncomeAfter-TaxBefore-TaxIncomeAfter-Tax(in thousands)AmountTaxAmountAmountTaxAmountForeign currency translation adjustments:            Translation adjustments arising during the period$14,267 $— $14,267 $(13,284)$— $(13,284)Pension and other postretirement plans:            Amortization of net prior service credit included in net income(519)133 (386)(494)126 (368)Amortization of net actuarial gain included in net income(379)97 (282)(12,987)3,325 (9,662)