Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 102

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 102
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, 2022, GHG recognized $12.6 million of the balance in revenue for claims submitted for eligible services.During the year ended December 31, 2024, the Company recognized $355.4 million from the Company’s deferred revenue balance as of December 31, 2023, including $66.8 million of prepaid amounts which were refundable at the prior year-end.Revenue allocated to remaining performance obligations represents deferred revenue amounts that will be recognized as revenue in future periods. As of December 31, 2024, the deferred revenue balance related to certain medical and nursing qualifications with an original contract length greater than 12 months at Kaplan Supplemental Education was $5.4 million. Kaplan Supplemental Education expects to recognize 64% of this revenue over the next 12 months and the remainder thereafter.Costs to Obtain a Contract.  The following table presents changes in the Company’s costs to obtain a contract asset: (in thousands)Balance at Beginning of YearCosts Associated with New ContractsLess: Costs Amortized During the YearOtherBalance at End of Year2024$41,634 $99,588 $(101,914)2,813 $42,121 202331,647 98,527 (90,839)2,299 41,634 202226,081 72,606 (66,064)(976)31,647 The majority of other activity was related to currency translation adjustments and other adjustments in 2024, 2023 and 2022.

14.    CAPITAL STOCK, STOCK AWARDS AND STOCK OPTIONS

Capital Stock.  Each share of Class A common stock and Class B common stock participates equally in dividends. The Class B stock has limited voting rights and, as a class, has the right to elect 30% of the Board of Directors; the Class A stock has unlimited voting rights, including the right to elect a majority of the Board of Directors. During 2024, 2023 and 2022 the Company purchased a total of 152,948, 325,134 and 121,761 shares, respectively, of its Class B common stock at a cost of approximately $115.2 million, $195.0 million and $71.4 million, respectively, including commissions and excise taxes. On September 12, 2024, the Board of Directors authorized the Company to purchase up to 500,000 shares of its Class B common stock