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Investor Relations

SEC Filings

10-K
GRAHAM HOLDINGS CO filed this Form 10-K on 02/23/2018
Entire Document
 


The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income are as follows:
 
Year Ended December 31
 
Affected Line Item in the Consolidated Statement of Operations
(in thousands)
2017
 
2016
 
2015
 
Foreign Currency Translation Adjustments:
 
 
 
 
 
 
 
Adjustment for sales of businesses with foreign operations
$
137

 
$

 
$
5,501

 
Other income (expense), net
Unrealized Gains on Available-for-Sale Securities:
 
 
 
 
 
 
 
Realized loss (gain) for the year

 
1,879

 
(4
)
 
Other income (expense), net
 

 
(752
)
 
2

 
(Benefit from) provision for income taxes
 

 
1,127

 
(2
)
 
Net of tax
Pension and Other Postretirement Plans:
 
 
 
 
 
 
 
Amortization of net actuarial (gain) loss
(6,527
)
 
1,157

 
(9,906
)
 
(1)
Amortization of net prior service cost
477

 
419

 
275

 
(1)
Curtailment (gains) losses

 
(17,993
)
 
51

 
(1)
 
(6,050
)
 
(16,417
)
 
(9,580
)
 
Before tax
 
2,421

 
6,567

 
3,831

 
(Benefit from) provision for income taxes
 
(3,629
)
 
(9,850
)
 
(5,749
)
 
Net of tax
Cash Flow Hedge
 
 
 
 
 
 
 
 
152

 
16

 
132

 
Interest expense
 
(30
)
 
(3
)
 
(53
)
 
(Benefit from) provision for income taxes
 
122

 
13

 
79

 
Net of tax
Total reclassification for the year
$
(3,370
)
 
$
(8,710
)
 
$
(171
)
 
Net of tax
____________
(1)
These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 15).
18.
LEASES AND OTHER COMMITMENTS
The Company leases real property under operating agreements. Many of the leases contain renewal options and escalation clauses that require payments of additional rent to the extent of increases in the related operating costs.
At December 31, 2017, future minimum rental payments under noncancelable operating leases approximate the following:
(in thousands)
 
2018
$
97,935

2019
88,298

2020
70,500

2021
56,693

2022
43,976

Thereafter
121,875

 
$
479,277

Minimum payments have not been reduced by minimum sublease rentals of $78.0 million due in the future under noncancelable subleases.
Rent expense under operating leases, including a portion reported in discontinued operations, was approximately $81.1 million, $86.9 million and $102.6 million in 2017, 2016 and 2015, respectively. Sublease income was approximately $14.8 million, $14.3 million and $6.7 million in 2017, 2016 and 2015, respectively.
In connection with the sale of the KHE Campuses business, Kaplan is secondarily liable on a number of leases that were transferred to the buyer; the leases run through 2024 with commitments totaling approximately $33.5 million at December 31, 2017.
The Company’s broadcast subsidiaries are parties to certain agreements that commit them to purchase programming to be produced in future years. At December 31, 2017, such commitments amounted to approximately $21.7 million. If such programs are not produced, the Company’s commitment would expire without obligation.

113