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Investor Relations

SEC Filings

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


Quarterly impact from certain items in 2017 and 2016 (after-tax and diluted EPS amounts):
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2017
 
 
 
 
 
 
 
Ÿ
Charges of $6.3 million related to restructuring at the education division ($0.3 million, $0.4 million, $1.1 million and $4.5 million in the first, second, third and fourth quarters, respectively)
$
(0.05
)
 
$
(0.06
)
 
$
(0.20
)
 
$
(0.81
)
Ÿ
Goodwill and long-lived assets impairment charges of $5.8 million at other businesses
 
 
$
(1.03
)
 
 
 
 
Ÿ
Gains, net, of $2.1 million for non-operating foreign currency gains (losses) ($1.1 million gain, $2.2 million gain, $0.9 million gain and $2.1 million loss in the first, second, third and fourth quarters, respectively)
$
0.19

 
$
0.39

 
$
0.16

 
$
(0.37
)
Ÿ
Net deferred tax benefits of $177.5 million related to the Tax Act
 
 
 
 
 
 
$
31.68

Ÿ
Income tax benefit of $5.9 million related to stock compensation
$
1.06

 
 
 
 
 
 
2016
 
 
 
 
 
 
 
Ÿ
Settlement gain of $10.8 million related to a bulk lump sum pension offering
 
 
 
 
 
 
$
1.92

Ÿ
Charges of $7.7 million related to restructuring at the education division ($1.2 million, $0.9 million, $1.1 million and $4.5 million in the first, second, third and fourth quarters, respectively)
$
(0.21
)
 
$
(0.15
)
 
$
(0.19
)
 
$
(0.81
)
Ÿ
Non-operating gain, net, of $20.0 million from the sales of land and marketable equity securities ($1.1 million gain, $23.9 million gain and $5.0 million loss in the first, second and fourth quarters, respectively)
$
0.19

 
$
4.23

 
 
 
$
(0.90
)
Ÿ
Non-operating gain of $13.6 million arising from the sale of a business and the formation of a joint venture ($11.9 million and $1.7 million in the first and second quarters, respectively)
$
2.08

 
$
0.29

 
 
 
 
Ÿ
Non-operating expense of $24.1 million from the write-down of cost method investments and investments in affiliates ($9.6 million and $14.5 million in the third and fourth quarters, respectively)
 
 
 
 
$
(1.70
)
 
$
(2.57
)
Ÿ
Losses, net, of $25.5 million for non-operating foreign currency losses ($3.4 million, $15.4 million, $2.4 million and $4.2 million in the first, second, third and fourth quarters, respectively)
$
(0.60
)
 
$
(2.73
)
 
$
(0.43
)
 
$
(0.75
)
Ÿ
Net nonrecurring $8.3 million deferred tax benefit related to Kaplan’s international operations
 
 
 
 
$
1.47

 
 
Ÿ
Favorable $5.6 million out of period deferred tax adjustment related to the KHE goodwill impairment recorded in the third quarter of 2015
 
 
$
1.00

 
 
 
 





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