Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 71

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 At December 31, 2024, the pension plan held investments in one common stock and one private investment fund that exceeded 10% of total plan assets, valued at $1,178.5 million, or approximately 40% of total plan assets. Assets also included $115.9 million and $100.1 million of Markel shares at June 30, 2025 and December 31, 2024, respectively.Other Postretirement Plans.  The total benefit arising from the Company’s other postretirement plans consists of the following components:  Three Months Ended  June 30Six Months Ended  June 30(in thousands)2025202420252024Interest cost$12 $14 $22 $28 Recognized actuarial gain(380)(470)(759)(939)Net Periodic Benefit$(368)$(456)$(737)$(911)

12.    OTHER NON-OPERATING (EXPENSE) INCOME

A summary of non-operating (expense) income is as follows:Three Months Ended  June 30Six Months Ended  June 30(in thousands)2025202420252024Impairment of cost method investments$(12,679)$(338)$(12,679)$(744)Foreign currency loss, net(4,475)(1,700)(8,854)(1,083)Gain on sale of businesses371 3,483 371 4,358 Gain on sale of investment in affiliate— 15 — 15 Other gain, net327 331 641 892 Total Other Non-Operating (Expense) Income$(16,456)$1,791 $(20,521)$3,438 During the six months ended June 30, 2024, the Company recorded contingent consideration gains of $0.9 million related to the disposition of Kaplan University (KU) in 2018.In the second quarter of 2024, the Company recorded a $3.5 million gain related to the sale of a small business by WGB, which included five websites (see Note 2).

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13.    ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The other comprehensive income (loss) consists of the following components:Three Months Ended June 30  20252024  Before-TaxIncomeAfter-TaxBefore-TaxIncomeAfter-Tax(in thousands)AmountTaxAmountAmountTaxAmountForeign currency translation adjustments: