Company: GHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000104889-25-000032
Chunk: 60

Company: Graham Holdings Co
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 asset classes and economic and other indicators of future performance. In addition, the Company may consult with and consider the input of financial and other professionals in developing appropriate return benchmarks.

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The Company evaluated its defined benefit pension plan asset portfolio for the existence of significant concentrations (defined as greater than 10% of plan assets) of credit risk as of March 31, 2025. Types of concentrations that were evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country and individual fund. At March 31, 2025, the pension plan held investments in one common stock and one private investment fund that exceeded 10% of total 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  202520