Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 58

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 at WGB, the Company performed an interim review of the goodwill and intangible assets at the WGB reporting unit. As a result of the impairment review, the Company recorded goodwill and amortized intangible asset impairment charges totaling $26.3 million. The Company estimated the fair value of the reporting unit and amortized intangible asset by utilizing a discounted cash flow model. The carrying value of the reporting unit and amortized intangible asset exceeded their estimated fair values, resulting in goodwill and intangible asset impairment charges for the amount by which the carrying values exceeded their estimated fair values. WGB is included in other businesses.Amortization of intangible assets for the three months ended June 30, 2025 and 2024, was $7.2 million and $10.1 million, respectively. Amortization of intangible assets for the six months ended June 30, 2025 and 2024, was $15.1 million and $20.8 million, respectively. Amortization of intangible assets is estimated to be approximately $12 million for the remainder of 2025, $19 million in 2026, $4 million in 2027, $1 million in 2028 and $1 million in 2029. The changes in the carrying amount of goodwill, by segment, were as follows:(in thousands)EducationTelevision BroadcastingManufacturingHealthcareAutomotiveOther BusinessesTotalBalance as of December 31, 2024        Goodwill$1,146,335 $190,815 $234,993 $135,038 $129,280 $251,216 $2,087,677 Accumulated impairment losses(331,151)— (82,062)— — (174,428)(587,641)815,184 190,815 152,931 135,038 129,280 76,788 1,500,036 Acquisitions1,167 — — — — — 1,167 Dispositions(1,204)— — — — — (1,204)Foreign currency exchange rate changes35,562 — — — — — 35,562 Balance as of June 30, 2025        Goodwill1,181,860 190,815 234,993 135,038 129,280 251,216 2,123,202 Accum