Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 34

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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, as described above. None of these operating segments meet the quantitative thresholds for determining reportable segments.

22

The Company’s education division comprises the following operating segments:Three Months Ended June 30, 2025(in thousands)Kaplan InternationalHigher EducationSupplemental EducationKaplan Corporate and OtherIntersegment EliminationTotal EducationOperating Revenues$272,171 $84,738 $80,161 $23 $(280)$436,813 Less: Significant Expenses (1)Cost of Revenue (2)89,421 56,721 13,117 (242)159,017 Payroll and Fringe Benefits Expense (3)76,656 5,242 33,345 5,406 (22)120,627 Occupancy Expense27,540 184 1,228 72 29,024 Advertising and Marketing Expense8,758 2,131 10,180 122 21,191 Other Segment Items (4)33,320 216 12,282 1,428 (1)47,245 EBITDAP$36,476 $20,244 $10,009 $(7,005)$(15)$59,709 Pension Service Cost146 1,889 1,972 406 4,413 Depreciation Expense6,393 383 631 5 7,412 Income (Loss) from Operations before Amortization of Intangible Assets$29,937 $17,972 $7,406 $(7,416)$(15)$47,884 Capital Expenditures$3,713 $492 $1,164 $7 $5,376 (1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2)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.(3)Excludes pension service cost, which is shown separately above. Excludes any payroll and related benefits costs captured in cost of revenue.(4)Other segment items for each reportable segment include:(a)Kaplan international - travel meals and entertainment expense, training and employment expense, operating fees and other G&A expenses.(b)Higher education - training and