Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 76

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 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 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