Company: GHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000104889-25-000032
Chunk: 64

Company: Graham Holdings Co
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 quantitative thresholds for determining reportable segments.(2)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker (CODM).(3)Cost of revenue reflects the amounts reported and provided to the CODM and does not necessarily reconcile to the Company's Consolidated Statement of Operations or align across reportable segments. Cost of revenue excludes charges related to depreciation, which is shown separately above.(4)Excludes pension service cost, which is shown separately above. Excludes any payroll and related benefits costs captured in cost of revenue.(5)Management and operating services provided by Christopher J. Ourisman and his team of industry professionals.(6)Other segment items for each reportable segment include:(a)Education (includes Kaplan International, Kaplan Higher Education and Kaplan Supplemental Education) - training and employment expense, travel meals and entertainment expense, operating fees and other general and administrative (G&A) expenses.(b)Television Broadcasting - other broadcast expenses, facilities expenses, third-party commission costs and other selling, general and administrative (SG&A) expenses.(c)Manufacturing - payroll and fringe benefits expense (SG&A) and other SG&A expenses.(d)Healthcare - indirect costs (e.g. payroll and benefits expenses, general and administrative expenses) and other SG&A expenses.(e)Automotive - advertising and marketing expense and other G&A expenses.(7)Profit or loss from operating segments below the quantitative thresholds attributable to Other Businesses as described above. These operating segments did not meet any of the quantitative thresholds for determining reportable segments.(8)Capital Expenditures from operating segments below the quantitative thresholds are attributable to Other Businesses and the Corporate Office, as described above. None of these operating segments meet the quantitative thresholds for determining reportable segments.

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The Company’s education division comprises the following operating segments:Three Months Ended March 31, 2025(in thousands)Kaplan InternationalHigher EducationSupplemental EducationKaplan Corporate and OtherIntersegment EliminationTotal EducationOperating Revenues$261,256 $88,487 $75,403 $12 $(427)$424,731 Less: Significant Expenses (1)Cost of Revenue (2)88,097 66,662 11,755 (427)166,087 Payroll and Fringe Benefits Expense (3)70,666 4,477 33,167 5,010 113,320 Occupancy Expense27,025 176 658 63 27