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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2014	Aug. 01, 2014
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Trading Symbol	ghc
Entity Registrant Name	GRAHAM HOLDINGS CO
Entity Central Index Key	0000104889
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		1,169,073
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,624,280

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Operating Revenues [Abstract]
Education	$ 547,181	$ 548,230	$ 1,073,355	$ 1,076,045
Subscriber	187,723	192,273	378,851	379,063
Advertising	82,475	79,898	160,722	149,020
Other	61,249	50,103	106,261	86,968
Total Operating Revenues	878,628	870,504	1,719,189	1,691,096
Operating Costs and Expenses [Abstract]
Operating	398,279	394,841	777,348	771,386
Selling, general and administrative	322,714	319,170	648,351	653,394
Depreciation of property, plant and equipment	52,017	56,879	105,262	115,838
Amortization of intangible assets	3,360	3,313	6,441	7,030
Impairment of intangible assets	7,774	0	7,774	0
Total Operating Costs and Expenses	784,144	774,203	1,545,176	1,547,648
Income from Operations	94,484	96,301	174,013	143,448
Equity in earnings of affiliates, net	91,503	3,868	95,555	7,286
Interest income	641	522	1,240	1,032
Interest expense	(8,557)	(9,048)	(17,377)	(18,008)
Other income (expense), net	268,114	(12,858)	401,387	(16,941)
Income from Continuing Operations Before Income Taxes	446,185	78,785	654,818	116,817
Provision for Income Taxes	76,800	31,700	154,200	47,500
Income from Continuing Operations	369,385	47,085	500,618	69,317
Income (Loss) from Discontinued Operations, Net of Tax	380,465	(1,951)	381,537	(18,924)
Net Income	749,850	45,134	882,155	50,393
Net Loss (Income) Attributable to Noncontrolling Interests	499	(253)	718	(350)
Net Income Attributable to Graham Holdings Company	750,349	44,881	882,873	50,043
Redeemable Preferred Stock Dividends	(212)	(206)	(638)	(650)
Net income attributable to Graham Holdings Company common stockholders	750,137	44,675	882,235	49,393
Amounts Attributable to Graham Holdings Company Common Stockholders
Income from continuing operations	369,672	46,626	500,698	68,317
Income (loss) from discontinued operations, net of tax	380,465	(1,951)	381,537	(18,924)
Net income attributable to Graham Holdings Company common stockholders	$ 750,137	$ 44,675	$ 882,235	$ 49,393
Per Share Information Attributable to Graham Holdings Company Common Stockholders
Basic income per common share from continuing operations in dollars per share	$ 49.68	$ 6.28	$ 67.35	$ 9.21
Basic income (loss) per common share from discontinued operations in dollars per share	51.12	(0.26)	51.30	(2.55)
Basic net income per common share in dollars per share	$ 100.80	$ 6.02	$ 118.65	$ 6.66
Basic average number of common shares outstanding in shares	7,284	7,229	7,280	7,228
Diluted income per common share from continuing operations in dollars per share	$ 49.52	$ 6.28	$ 67.13	$ 9.21
Diluted income (loss) per common share from discontinued operations in dollars per share	50.96	(0.26)	51.13	(2.55)
Diluted net income per common share in dollars per share	$ 100.48	$ 6.02	$ 118.26	$ 6.66
Diluted average number of common shares outstanding in shares	7,363	7,283	7,361	7,276

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement of Comprehensive Income [Abstract]
Net Income	$ 749,850	$ 45,134	$ 882,155	$ 50,393
Foreign currency translation adjustments:
Translation adjustments arising during the period	1,920	(3,509)	2,666	(7,700)
Unrealized gains on available-for-sale securities:
Unrealized gains for the period, net	8,667	31,423	36,405	80,501
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income	(266,059)	(333)	(265,274)	(884)
Total unrealized gains on available-for-sale securities, before tax	(257,392)	31,090	(228,869)	79,617
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(102)	(384)	(204)	(821)
Amortization of net actuarial (gain) loss included in net income	(7,425)	2,004	(14,607)	4,321
Settlement gain included in net income	0	0	0	(3,471)
Total pension and other postretirement plans, before tax	(7,527)	1,620	(14,811)	29
Cash flow hedge gain	239	214	411	244
Other Comprehensive (Loss) Income, Before Tax	(262,760)	29,415	(240,603)	72,190
Income tax benefit (expense) related to items of other comprehensive (loss) income	105,874	(13,170)	97,308	(31,957)
Other Comprehensive (Loss) Income, Net of Tax	(156,886)	16,245	(143,295)	40,233
Comprehensive Income	592,964	61,379	738,860	90,626
Comprehensive loss (income) attributable to noncontrolling interests	499	(254)	718	(372)
Total Comprehensive Income Attributable to Graham Holdings Company	$ 593,463	$ 61,125	$ 739,578	$ 90,254

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Current Assets
Cash and cash equivalents	$ 325,023	$ 569,719
Restricted cash	36,083	83,769
Investments in marketable equity securities and other investments	248,952	522,318
Accounts receivable, net	404,989	428,653
Income taxes receivable	0	17,991
Deferred income taxes	31,689	0
Inventories and contracts in progress	8,922	2,924
Other current assets	79,928	77,013
Total Current Assets	1,135,586	1,702,387
Property, Plant and Equipment, Net	847,970	927,542
Investments in Affiliates	21,006	15,754
Goodwill, Net	1,348,708	1,288,622
Indefinite-Lived Intangible Assets, Net	535,378	541,278
Amortized Intangible Assets, Net	61,732	39,588
Prepaid Pension Cost	1,261,294	1,245,505
Deferred Charges and Other Assets	47,742	50,370
Noncurrent Assets Held for Sale	30,290	0
Total Assets	5,289,706	5,811,046
Current Liabilities
Accounts payable and accrued liabilities	429,560	505,699
Income taxes payable	52,591	0
Deferred income taxes	0	58,411
Deferred revenue	364,892	366,831
Dividends declared	14,983	0
Short-term borrowings	53,740	3,168
Total Current Liabilities	915,766	934,109
Postretirement Benefits Other Than Pensions	35,184	36,219
Accrued Compensation and Related Benefits	210,667	211,526
Other Liabilities	86,893	86,000
Deferred Income Taxes	795,339	778,735
Long-Term Debt	398,202	447,608
Total Liabilities	2,442,051	2,494,197
Redeemable Noncontrolling Interest	4,946	5,896
Redeemable Preferred Stock	10,510	10,665
Preferred Stock	0	0
Common Stockholders’ Equity
Common stock	20,000	20,000
Capital in excess of par value	291,464	288,129
Retained earnings	5,612,518	4,782,777
Accumulated other comprehensive income, net of tax
Cumulative foreign currency translation adjustment	27,679	25,013
Unrealized gain on available-for-sale securities	36,342	173,663
Unrealized gain on pensions and other postretirement plans	492,559	501,446
Cash flow hedge	(381)	(628)
Cost of Class B common stock held in treasury	(3,648,308)	(2,490,333)
Total Common Stockholders’ Equity	2,831,873	3,300,067
Noncontrolling Interests	326	221
Total Equity	2,832,199	3,300,288
Total Liabilities and Equity	$ 5,289,706	$ 5,811,046

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash Flows from Operating Activities
Net Income	$ 882,155	$ 50,393
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	106,822	129,848
Amortization of intangible assets	6,441	7,030
Intangible assets impairment charge	7,774	0
Net pension (benefit) expense	(34,433)	8,582
Early retirement program expense	4,490	22,700
Foreign exchange (gain) loss	(7,946)	17,236
Net (gain) loss on sales and disposition of businesses	(358,963)	70
Net gain on disposition or write-downs of marketable equity securities and cost method investments	(266,423)	(696)
Equity in earnings of affiliates, net of certain distributions	(98,555)	(7,277)
Provision for deferred income taxes	3,880	263
Net (gain) loss on sale or write-down of property, plant and equipment	(119,086)	377
Change in assets and liabilities:
Decrease in accounts receivable, net	32,429	29,608
Decrease in accounts payable and accrued liabilities	(89,443)	(58,715)
Decrease in deferred revenue	(6,219)	(13,980)
Increase in income taxes payable	70,580	14,430
Decrease (increase) in other assets and other liabilities, net	54,837	(3,348)
Other	111	990
Net Cash Provided by Operating Activities	188,451	197,511
Cash Flows from Investing Activities
Investments in commercial paper	(199,830)	0
Proceeds from maturities of commercial paper	99,893	0
Net proceeds from sales of businesses, property, plant and equipment and other assets	164,066	5,341
Investments in certain businesses, net of cash acquired	(130,767)	(1,200)
Net distribution from equity affiliate	93,481	0
Purchases of property, plant and equipment	(92,627)	(87,652)
Other	(7,589)	(10,743)
Net Cash Used in Investing Activities	(73,373)	(94,254)
Cash Flows from Financing Activities
Common shares repurchased, including the Berkshire Exchange transaction	(327,718)	(4,196)
Dividends paid	(38,148)	(437)
Repayments of short-term borrowing	0	(240,121)
Purchase of shares from a noncontrolling interest	0	(3,115)
Other	4,023	23,216
Net Cash Used in Financing Activities	(361,843)	(224,653)
Effect of Currency Exchange Rate Change	2,069	(4,468)
Net Decrease in Cash and Cash Equivalents	(244,696)	(125,864)
Beginning Cash and Cash Equivalents	569,719	512,431
Ending Cash and Cash Equivalents	$ 325,023	$ 386,567

Organization, Basis of Presentation and Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Basis of Presentation and Recent Accounting Pronouncements	ORGANIZATION, BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS Graham Holdings Company (the Company), is a diversified education and media company. The Company’s Kaplan subsidiary provides a wide variety of educational services, both domestically and outside the United States. The Company’s media operations comprise the ownership and operation of cable systems and television broadcasting (through the ownership and operation of five television broadcast stations). On April 11, 2014, the Company announced that it had entered into an exchange agreement that would result in the disposal of WPLG, its Miami-based television station. On June 30, 2014, the Company completed the exchange. The operating results of WPLG have been presented in income (loss) from discontinued operations, net of tax, for all periods presented. Basis of Presentation – The accompanying condensed consolidated financial statements have been prepared in accordance with: (i) generally accepted accounting principles in the United States of America (GAAP) for interim financial information; (ii) the instructions to Form 10-Q; and (iii) the guidance of Rule 10-01 of Regulation S-X under the Securities and Exchange Act of 1934, as amended, for financial statements required to be filed with the Securities and Exchange Commission (SEC). They include the assets, liabilities, results of operations and cash flows of the Company, including its domestic and foreign subsidiaries that are more than 50% owned or otherwise controlled by the Company. As permitted under such rules, certain notes and other financial information normally required by GAAP have been condensed or omitted. Management believes the accompanying condensed consolidated financial statements reflect all normal and recurring adjustments necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows as of and for the periods presented herein. The Company’s results of operations for the three and six months ended June 30, 2014 and 2013 may not be indicative of the Company’s future results. These condensed consolidated financial statements are unaudited and should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. Certain amounts in previously issued financial statements have been reclassified to conform to the current year presentation, which includes the reclassification of the results of operations of certain businesses as discontinued operations for all periods presented. Use of Estimates in the Preparation of the Condensed Consolidated Financial Statements – The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported herein. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in those estimates. Assets Held for Sale – An asset or business is classified as held for sale when (i) management commits to a plan to sell the asset or business; (ii) the asset or business is available for immediate sale in its present condition; (iii) the asset or business is actively marketed for sale at a reasonable price; (iv) the sale is expected to be completed within one year; and (v) it is unlikely significant changes to the plan will be made or that the plan will be withdrawn. The assets and related liabilities are aggregated and reported separately in the Company’s condensed consolidated balance sheet. Recently Adopted and Issued Accounting Pronouncements – In April 2014, the Financial Accounting Standards Board (FASB) issued new guidance that modifies the requirements for reporting discontinued operations. The new guidance requires the reporting of the disposal of an entity or component of an entity as discontinued operations if the disposal represents a strategic shift that has or will have a major effect on the entity’s operations and financial results. The new guidance also expands the disclosures for discontinued operations and requires new disclosures related to individually material disposals that do not meet the definition of a discontinued operation. This guidance is effective for interim and fiscal years beginning after December 15, 2014. Early adoption is permitted for disposals that have not been reported in financial statements previously issued or available for issuance. The Company is in the process of evaluating the impact of this new guidance on its condensed consolidated financial statements. In May 2014, the FASB issued comprehensive new guidance that supersedes all existing revenue recognition guidance. The new guidance requires revenue to be recognized when the Company transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The new guidance also significantly expands the disclosure requirements for revenue recognition. This guidance is effective for interim and fiscal years beginning after December 15, 2016. Early adoption is not permitted. The standard permits two implementation approaches, one requiring retrospective application of the new guidance with a restatement of prior years and one requiring prospective application of the new guidance with disclosure of results under the old guidance. The Company is in the process of evaluating the impact of this new guidance on its condensed consolidated financial statements, and believes such evaluation will extend over several future periods due to the significance of the changes to the Company's policies and business processes.

Discontinued Operations

6 Months Ended

Jun. 30, 2014

Discontinued Operation, Additional Disclosures [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

On June 30, 2014, the Company and Berkshire Hathaway Inc. completed a transaction, as described in Note 4, in which Berkshire acquired a wholly-owned subsidiary of the Company that included, among other things, WPLG, a Miami-based television station; a $375.0 million gain from the WPLG sale was recorded in the second quarter of 2014.

On October 1, 2013, the Company completed the sale of most of its newspaper publishing businesses. The publishing businesses sold include The Washington Post, Express, The Gazette Newspapers, Southern Maryland Newspapers, Greater Washington Publishing, Fairfax County Times and El Tiempo Latino and related websites (Publishing Subsidiaries).

In March 2013, the Company completed the sale of The Herald which resulted in a pre-tax loss of $0.1 million that was recorded in the first quarter of 2013.

The results of operations of WPLG, the Publishing Subsidiaries and The Herald are included in the Company’s Consolidated Statements of Operations as Income (Loss) from Discontinued Operations, Net of Tax, for all periods presented. The Company did not reclassify its Statements of Cash Flows or prior Condensed Consolidated Balance Sheets to reflect the various discontinued operations.

In the first quarter of 2014, an after-tax adjustment of $3.0 million was made to reduce the $100.0 million after-tax gain on the sale of the Publishing Subsidiaries previously reported in the fourth quarter of 2013, as a result of changes in estimates related to liabilities retained as part of the sale.

The summarized income (loss) from discontinued operations, net of tax, is presented below:



	Three Months Ended June 30						Six Months Ended June 30
	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Operating revenues	$	20,907		$	151,347		$	37,181		$	293,321
Operating costs and expenses	(12,568		)	(154,598		)	(22,701		)	(322,675		)
Income (loss) from discontinued operations	8,339			(3,251		)	14,480			(29,354		)
Provision (benefit) from income taxes	2,913			(1,300		)	4,939			(10,476		)
Net Income (Loss) from Discontinued Operations	5,426			(1,951		)	9,541			(18,878		)
Gain (loss) on sales of discontinued operations	358,964			—			354,227			(70		)
Benefit from income taxes on sales of discontinued operations	(16,075		)	—			(17,769		)	(24		)
Income (Loss) from Discontinued Operations, Net of Tax	$	380,465		$	(1,951	)	$	381,537		$	(18,924	)

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

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+ Details

Investments

6 Months Ended

Jun. 30, 2014

Investments [Abstract]

Investments

INVESTMENTS

Investments in marketable equity securities comprised the following:



	As of
	June 30, 2014		December 31, 2013
(in thousands)	June 30, 2014		December 31, 2013
Total cost	$	56,967	$	197,718
Net unrealized gains	60,569		289,438
Total Fair Value	$	117,536	$	487,156

On June 30, 2014, the Company completed a transaction with Berkshire Hathaway, as described in Note 4, that included the exchange of 2,107 Class A Berkshire shares and 1,278 Class B Berkshire shares owned by the Company; a $266.7 million gain was recorded.

In the first quarter of 2014, the Company recorded a $0.5 million write-down of the Company's investment in Corinthian Colleges, Inc., a publicly traded company. In the second quarter of 2014, the Company sold its remaining investment in Corinthian Colleges, Inc. During the first six months of 2014, the proceeds from the sale of these marketable securities were $5.8 million and net realized losses were $2.6 million.

There were no new investments in marketable equity securities during the first six months of 2014 and 2013. During the first six months of 2013, the proceeds from sales of marketable securities were $3.6 million, and net realized gains on such sales were $0.9 million.

As of June 30, 2014, the Company held investments in commercial paper totaling $99.9 million with original maturities of 91 to 180 days. These investments are included in Investments in marketable equity securities and other investments in the Condensed Consolidated Balance Sheets.

On April 1, 2014, the Company received a gross cash distribution of $95.0 million from Classified Ventures' sale of apartments.com. In connection with this sale, the Company recorded a pre-tax gain of $90.9 million in the second quarter of 2014.

On August 4, 2014, the Company and its partners entered into an agreement to sell their stake in Classified Ventures to Gannett Co., Inc. for a price that values Classified Ventures at $2.5 billion. Gannett currently owns a 27% share of Classified Ventures; the Company owns a 16.5% interest in Classified Ventures. The transaction is expected to close before the end of 2014, subject to regulatory review.

Acquisitions and Dispositions	6 Months Ended
Acquisitions and Dispositions	Jun. 30, 2014
Acquisitions And Dispositions [Abstract]
Acquisitions and Dispositions	ACQUISITIONS, DISPOSITIONS AND EXCHANGES Acquisitions. In the first six months of 2014, the Company acquired six businesses included in other businesses and in its education division totaling $133.5 million; the purchase price allocation comprised goodwill, other intangible assets, property, plant and equipment, and other current assets on a preliminary basis. In the first six months of 2013, the Company acquired two small businesses included in other businesses; the purchase price allocation mostly comprised goodwill and other intangible assets. On April 1, 2014, Celtic Healthcare acquired VNA-TIP Healthcare, a provider of home health and hospice services in Missouri and Illinois. On May 30, 2014, the Company completed its acquisition of Joyce/Dayton Corp., a Dayton, OH-based manufacturer of screw jacks and other linear motion systems. The operating results of VNA-TIP and Joyce are included in other businesses. In the second quarter of 2013, Kaplan purchased the remaining 15% noncontrolling interest in Kaplan China; this additional interest was accounted for as an equity transaction. On July 3, 2014, the Company completed its acquisition of an 80% interest in Residential Healthcare Group, Inc., the parent company of Residential Home Health and Residential Hospice, leading providers of skilled home health care and hospice services in Michigan and Illinois. The operating results of Residential will be included in other businesses beginning in the third quarter of 2014. Dispositions. On October 1, 2013, the Company completed the sale of most of its newspaper publishing businesses. The publishing businesses sold include The Washington Post, Express, The Gazette Newspapers, Southern Maryland Newspapers, Greater Washington Publishing, Fairfax County Times and El Tiempo Latino and related websites (Publishing Subsidiaries). In March 2013, the Company completed the sale of certain assets of The Herald, a daily and Sunday newspaper headquartered in Everett, WA. Exchanges. On June 30, 2014, the Company and Berkshire Hathaway Inc. completed a previously announced transaction in which Berkshire acquired a wholly-owned subsidiary of the Company that included, among other things, WPLG, a Miami-based television station, 2,107 Class A Berkshire shares and 1,278 Class B Berkshire shares owned by Graham Holdings and $327.7 million in cash, in exchange for 1,620,190 shares of Graham Holdings Class B common stock owned by Berkshire Hathaway (Berkshire exchange transaction). As a result, income from continuing operations for the second quarter of 2014 includes a $266.7 million gain from the sale of the Berkshire Hathaway shares, and income from discontinued operations for the second quarter of 2014 includes a $375.0 million gain from the WPLG exchange. The pre-tax gain of $266.7 million related to the disposition of the Berkshire shares was not subject to income tax as the Berkshire exchange transaction qualifies as a tax-free distribution. The lower effective tax rate for income from continuing operations for the first six months of 2014 of 23.5% primarily resulted from this tax-free transaction. As discussed above, this exchange transaction includes significant noncash investing and financing activities. On the date of exchange, the fair value of the Berkshire Class A and B shares was $400.3 million and the fair value of WPLG was determined to be $438.0 million. In total, the Company recorded an increase in treasury stock of $1,165.4 million in the second quarter of 2014 in connection with the Berkshire exchange transaction. Consequently, the Company’s income from continuing operations excludes these sold or exchanged businesses, which have been reclassified to discontinued operations, net of tax (see Note 2).

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

In the second quarter of 2014, as a result of regulatory changes impacting Kaplan's operations in China, Kaplan recorded an intangible asset impairment charge of$7.8 million. The Company estimated the fair value of the student and customer relationships using an income approach.

Amortization of intangible assets for the three months ended June 30, 2014 and 2013 was $3.4 million and $3.3 million, respectively. Amortization of intangible assets for the six months ended June 30, 2014 and 2013 was $6.4 million and $7.0 million, respectively. Amortization of intangible assets is estimated to be approximately $7 million for the remainder of 2014, $13 million in 2015, $12 million in 2016, $8 million in 2017, $8 million in 2018, $7 million in 2019 and $7 million thereafter.

In July 2014, the cable division sold wireless spectrum licenses that were purchased in 2006; an estimated pre-tax gain of $75 million will be reported in the third quarter of 2014 in connection with these sales. The licenses are classified as assets held for sale at June 30, 2014.

The changes in the carrying amount of goodwill, by segment, were as follows:



(in thousands)	Education			Cable		Television Broadcasting			Other Businesses			Total
Balance as of December 31, 2013
Goodwill	$	1,073,433		$	85,488	$	203,165		$	34,877		$	1,396,963
Accumulated impairment losses	(102,259		)	—		—			(6,082		)	(108,341		)
	971,174			85,488		203,165			28,795			1,288,622
Acquisitions	14,901			—		—			67,889			82,790
Dispositions	—			—		(37,661		)	—			(37,661		)
Foreign currency exchange rate changes	14,957			—		—			—			14,957
Balance as of June 30, 2014
Goodwill	1,103,291			85,488		165,504			102,766			1,457,049
Accumulated impairment losses	(102,259		)	—		—			(6,082		)	(108,341		)
	$	1,001,032		$	85,488	$	165,504		$	96,684		$	1,348,708

The changes in carrying amount of goodwill at the Company’s education division were as follows:



(in thousands)	Higher Education		Test Preparation			Kaplan International		Total
Balance as of December 31, 2013
Goodwill	$	409,016	$	152,187		$	512,230	$	1,073,433
Accumulated impairment losses	—		(102,259		)	—		(102,259		)
	409,016		49,928			512,230		971,174
Acquisitions	2,186		12,715			—		14,901
Foreign currency exchange rate changes	7		—			14,950		14,957
Balance as of June 30, 2014
Goodwill	411,209		164,902			527,180		1,103,291
Accumulated impairment losses	—		(102,259		)	—		(102,259		)
	$	411,209	$	62,643		$	527,180	$	1,001,032

Other intangible assets consist of the following:



		As of June 30, 2014						As of December 31, 2013
(in thousands)	Useful Life Range	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
Noncompete agreements	2–5 years	$	13,943	$	12,896	$	1,047	$	13,540	$	12,622	$	918
Student and customer relationships	2–10 years	93,064		43,827		49,237		72,050		45,718		26,332
Databases and technology	3–5 years	12,229		7,906		4,323		10,790		6,991		3,799
Trade names and trademarks	2–10 years	22,672		17,433		5,239		22,327		16,052		6,275
Other	1–25 years	9,891		8,005		1,886		9,836		7,572		2,264
		$	151,799	$	90,067	$	61,732	$	128,543	$	88,955	$	39,588
Indefinite-Lived Intangible Assets
Franchise agreements		$	496,321					$	496,321
Wireless licenses		—						22,150
Licensure and accreditation		7,321						7,171
Other		31,736						15,636
		$	535,378					$	541,278

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Debt

DEBT

The Company’s borrowings consist of the following:



	As of
	June 30, 2014			December 31, 2013
(in thousands)	June 30, 2014			December 31, 2013
7.25% unsecured notes due February 1, 2019	$	398,101		$	397,893
AUD Revolving credit borrowing	47,070			44,625
Other indebtedness	6,771			8,258
Total Debt	451,942			450,776
Less: current portion	(53,740		)	(3,168		)
Total Long-Term Debt	$	398,202		$	447,608

The Company’s other indebtedness at June 30, 2014 and December 31, 2013 is at interest rates from 0% to 6% and matures from 2014 to 2017.

During the three months ended June 30, 2014 and 2013, the Company had average borrowings outstanding of approximately $452.5 million and $454.1 million, respectively, at average annual interest rates of approximately 7.0%. During the three months ended June 30, 2014 and 2013, the Company incurred net interest expense of $7.9 million and $8.5 million, respectively.

During the six months ended June 30, 2014 and 2013, the Company had average borrowings outstanding of approximately $451.8 million and $489.5 million, respectively, at average annual interest rates of approximately 7.0%. During the six months ended June 30, 2014 and 2013, the Company incurred net interest expense of $16.1 million and $17.0 million, respectively.

At June 30, 2014, the fair value of the Company’s 7.25% unsecured notes, based on quoted market prices, totaled $470.1 million, compared with the carrying amount of $398.1 million. At December 31, 2013, the fair value of the Company’s 7.25% unsecured notes, based on quoted market prices, totaled $475.2 million, compared with the carrying amount of $397.9 million. The carrying value of the Company’s other unsecured debt at June 30, 2014 approximates fair value.

Fair Value Measurements

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Disclosures

FAIR VALUE MEASUREMENTS

The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:



	As of June 30, 2014
(in thousands)	Level 1		Level 2		Total
Assets
Money market investments (1)	$	—	$	136,751	$	136,751
Marketable equity securities (2)	117,536		—		117,536
Commercial paper (3)	124,927		—		124,927
Other current investments (4)	8,215		23,265		31,480
Total Financial Assets	$	250,678	$	160,016	$	410,694
Liabilities
Deferred compensation plan liabilities (5)	$	—	$	65,914	$	65,914
7.25% unsecured notes (6)	—		470,080		470,080
AUD revolving credit borrowing (6)	—		47,070		47,070
Interest rate swap (7)	—		636		636
Total Financial Liabilities	$	—	$	583,700	$	583,700

____________


(1)	The Company’s money market investments are included in cash, cash equivalents and restricted cash.


(2)	The Company’s investments in marketable equity securities are classified as available-for-sale.


(3)	The Company's commercial paper investments with original maturities of 90 days or less are included in cash and cash equivalents; commercial paper investments with original maturities greater than 90 days, but less than one year, are included in investments in marketable equity securities and other investments.


(4)	Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).


(5)	Includes Graham Holdings Company's Deferred Compensation Plan and supplemental savings plan benefits under the Graham Holdings Company's Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.


(6)	See Note 6 for carrying amount of these notes and borrowing.



	As of December 31, 2013
(in thousands)	Level 1		Level 2		Total
Assets
Money market investments (1)	$	—	$	431,836	$	431,836
Marketable equity securities (2)	487,156		—		487,156
Other current investments (3)	11,826		23,336		35,162
Total Financial Assets	$	498,982	$	455,172	$	954,154
Liabilities
Deferred compensation plan liabilities (4)	$	—	$	67,603	$	67,603
7.25% unsecured notes (5)	—		475,224		475,224
AUD revolving credit borrowing (5)	—		44,625		44,625
Interest rate swap (6)	—		1,047		1,047
Total Financial Liabilities	$	—	$	588,499	$	588,499

____________


(1)	The Company’s money market investments are included in cash, cash equivalents and restricted cash.


(2)	The Company’s investments in marketable equity securities are classified as available-for-sale.


(3)	Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).


(4)	Includes Graham Holdings Company's Deferred Compensation Plan and supplemental savings plan benefits under the Graham Holdings Company's Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.


(5)	See Note 6 for carrying amount of these notes and borrowing.


(6)	Included in Other liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.

In the second quarter of 2014, the Company recorded an intangible asset impairment charge of $7.8 million (see Note 5). The remeasurement of the intangible assets is classified as a Level 3 fair value assessment due to the significance of unobservable inputs developed in the determination of the fair value.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The Company's unvested restricted stock awards contain nonforfeitable rights to dividends and, therefore, are considered participating securities for purposes of computing earnings per share pursuant to the two-class method. The diluted earnings per share computed under the two-class method is lower than the diluted earnings per share computed under the treasury stock method, resulting in the presentation of the lower amount in diluted earnings per share. The computation of the earnings per share under the two-class method excludes the income attributable to the unvested restricted stock awards from the numerator and excludes the dilutive impact of those underlying shares from the denominator.

The following reflects the Company's income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method:



	Three Months Ended June 30						Six Months Ended June 30
(in thousands, except per share amounts)	2014			2013			2014			2013
Numerator:
Numerator for basic earnings per share:
Income from continuing operations attributable to Graham Holdings Company common stockholders	$	369,672		$	46,626		$	500,698		$	68,317
Less: Dividends-common stock outstanding and unvested restricted shares	(14,819		)	—			(52,494		)	—
Undistributed earnings	354,853			46,626			448,204			68,317
Percent allocated to common stockholders	97.88		%	97.40		%	97.88		%	97.40		%
	347,342			45,415			438,716			66,543
Add: Dividends-common stock outstanding	14,506			—			51,556			—
Numerator for basic earnings per share	$	361,848		$	45,415		$	490,272		$	66,543
Add: Additional undistributed earnings due to dilutive stock options	31			1			40			1
Numerator for diluted earnings per share	$	361,879		$	45,416		$	490,312		$	66,544
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding	7,284			7,229			7,280			7,228
Add: Effect of dilutive stock options	24			4			24			3
Denominator for diluted earnings per share	7,308			7,233			7,304			7,231
Graham Holdings Company Common Stockholders:
Basic earnings per share from continuing operations	$	49.68		$	6.28		$	67.35		$	9.21
Diluted earnings per share from continuing operations	$	49.52		$	6.28		$	67.13		$	9.21

Diluted earnings per share excludes the following weighted average potential common shares, as the effect would be antidilutive, as computed under the treasury stock method:



	Three Months Ended June 30		Six Months Ended June 30
(in thousands)	2014	2013	2014	2013
Weighted average restricted stock	55	50	57	45

The diluted earnings per share amounts for the three and six months ended June 30, 2014 exclude the effects of 5,000 stock options outstanding as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and six months ended June 30, 2013 exclude the effects of 63,000 and 63,750 stock options outstanding, respectively, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and six months ended June 30, 2014 exclude the effects of 5,550 restricted stock awards as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and six months ended June 30, 2013 exclude the effects of 51,300 restricted stock awards, as their inclusion would have been antidilutive.

In the three and six months ended June 30, 2014, the Company declared regular dividends totaling $2.55 and $7.65 per share, respectively. No dividends were paid in 2013.

Pension and Postretirement Plans

6 Months Ended

Jun. 30, 2014

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits Disclosure

PENSION AND POSTRETIREMENT PLANS

Defined Benefit Plans. The total (benefit) cost arising from the Company’s defined benefit pension plans, including a portion included in discontinued operations, consists of the following components:



	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Service cost	$	6,976		$	12,710		$	14,513		$	26,075
Interest cost	12,894			14,243			25,976			28,534
Expected return on assets	(30,504		)	(25,467		)	(60,767		)	(51,789		)
Amortization of prior service cost	82			909			164			1,818
Recognized actuarial (gain) loss	(7,281		)	1,797			(14,319		)	3,944
Net Periodic (Benefit) Cost	(17,833		)	4,192			(34,433		)	8,582
Early retirement programs expense	—			8,442			4,490			22,700
Total (Benefit) Cost	$	(17,833	)	$	12,634		$	(29,943	)	$	31,282

For the three and six months ended June 30, 2014, the net periodic benefit for the Company's pension plans, as reported above, includes costs of $0.1 million and $0.2 million, respectively, reported in discontinued operations. For the three and six months ended June 30, 2013, the net periodic cost for the Company's pension plans, as reported above, includes costs of $6.8 million and $13.9 million, respectively, reported in discontinued operations. The early retirement programs expense for the three and six months ended June 30, 2013 is included in discontinued operations.

In the first quarter of 2014, the Company recorded $4.5 million related to a Separation Incentive Program for certain Corporate employees, which will be funded from the assets of the Company's pension plan. In June 2014, the Company announced that a Voluntary Retirement Incentive Program was offered to certain Corporate employees; the related expense will be recorded in the third quarter of 2014.

The Company announced a Voluntary Retirement Incentive Program in February 2013, which was offered to certain employees of the Washington Post newspaper. The total early retirement program expense for this program for the six months ended June 30, 2013 was $20.4 million. Of this amount, $12.0 million was recorded in the first quarter of 2013 and $8.4 million was recorded in the second quarter of 2013. In addition, the Washington Post newspaper recorded $2.3 million in special separation benefits for a group of employees in the first quarter of 2013. The early retirement program expense and special separation benefits for these programs were funded from the assets of the Company’s pension plan and are included in discontinued operations, net of tax.

The total cost arising from the Company’s Supplemental Executive Retirement Plan (SERP), including a portion included in discontinued operations, consists of the following components:



	Three Months Ended June 30				Six Months Ended June 30
(in thousands)	2014		2013		2014		2013
Service cost	$	373	$	430	$	746	$	859
Interest cost	1,086		1,023		2,171		2,046
Amortization of prior service cost	11		13		23		27
Recognized actuarial loss	375		711		750		1,422
Net Periodic Cost	$	1,845	$	2,177	$	3,690	$	4,354

For the three and six months ended June 30, 2014, the net periodic cost for the Company's SERP, as reported above, includes costs of $0.1 million and $0.2 million, respectively, reported in discontinued operations. For the three and six months ended June 30, 2013, the net periodic cost for the Company's SERP, as reported above, includes costs of $0.3 million and $0.6 million, respectively, reported in discontinued operations.

Defined Benefit Plan Assets. The Company’s defined benefit pension obligations are funded by a portfolio made up of a relatively small number of stocks and high-quality fixed-income securities that are held by a third-party trustee. The assets of the Company’s pension plan were allocated as follows:



	As of
	June 30, 2014		December 31, 2013
	June 30, 2014		December 31, 2013
U.S. equities	59	%	58	%
U.S. fixed income	11	%	12	%
International equities	30	%	30	%
	100	%	100	%

Essentially all of the assets are actively managed by two investment companies. The goal of the investment managers is to produce moderate long-term growth in the value of these assets, while protecting them against large decreases in value. Both of these managers may invest in a combination of equity and fixed-income securities and cash. The managers are not permitted to invest in securities of the Company or in alternative investments. The investment managers cannot invest more than 20% of the assets at the time of purchase in the stock of Berkshire Hathaway or more than 10% of the assets in the securities of any other single issuer, except for obligations of the U.S. Government, without receiving prior approval by the Plan administrator. As of June 30, 2014, the managers can invest no more than 24% of the assets in international stocks, at the time the investment is made, and no less than 10% of the assets could be invested in fixed-income securities. None of the assets is managed internally by the Company.

In determining the expected rate of return on plan assets, the Company considers the relative weighting of plan assets, the historical performance of total plan assets and individual asset classes and economic and other indicators of future performance. In addition, the Company may consult with and consider the input of financial and other professionals in developing appropriate return benchmarks.

The Company evaluated its defined benefit pension plan asset portfolio for the existence of significant concentrations (defined as greater than 10% of plan assets) of credit risk as of June 30, 2014. Types of concentrations that were evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country and individual fund. At June 30, 2014 and December 31, 2013, the pension plan held common stock in one investment that exceeded 10% of total plan assets. This investment was valued at $410.5 million and $382.1 million at June 30, 2014 and December 31, 2013, respectively, or approximately 17% and 16%, respectively, of total plan assets. Assets also included $222.5 million and $208.4 million of Berkshire Hathaway common stock at June 30, 2014 and December 31, 2013, respectively. At June 30, 2014 and December 31, 2013, the pension plan held investments in one foreign country that exceeded 10% of total plan assets. These investments were valued at $429.3 million and $398.9 million at June 30, 2014 and December 31, 2013, respectively, or approximately 18% and 17%, respectively, of total plan assets.

Other Postretirement Plans. The total cost (benefit) arising from the Company’s other postretirement plans, including a portion included in discontinued operations, consists of the following components:



	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Service cost	$	375		$	728		$	750		$	1,455
Interest cost	362			507			724			1,017
Amortization of prior service credit	(195		)	(1,306		)	(391		)	(2,666		)
Recognized actuarial gain	(519		)	(504		)	(1,038		)	(1,045		)
Net Periodic Cost (Benefit)	23			(575		)	45			(1,239		)
Settlement gain	—			—			—			(3,471		)
Total Cost (Benefit)	$	23		$	(575	)	$	45		$	(4,710	)

For the three and six months ended June 30, 2013, the net periodic benefit, as reported above, includes a benefit of $0.8 million and $1.4 million, respectively, included in discontinued operations. As part of the sale of The Herald, changes were made with respect to its postretirement medical plan, resulting in a $3.5 million settlement gain that is included in discontinued operations, net of tax, for the first quarter of 2013.

Other Non-Operating Income (Expense)

6 Months Ended

Jun. 30, 2014

Other Nonoperating Income (Expense) [Abstract]

Other Non-Operating Income (Expense)

OTHER NON-OPERATING INCOME (EXPENSE)

A summary of non-operating income (expense) is as follows:



	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Gain on Berkshire marketable equity securities exchange	$	266,733		$	—		$	266,733		$	—
Gain on sale of headquarters building	—			—			127,670			—
Foreign currency gain (loss), net	2,909			(12,622		)	7,946			(17,236		)
(Losses) gains on sales or write-downs of marketable equity securities	(2,259		)	337			(3,044		)	879
Other, net	731			(573		)	2,082			(584		)
Total Other Non-Operating Income (Expense)	$	268,114		$	(12,858	)	$	401,387		$	(16,941	)

On June 30, 2014, the Company completed a transaction with Berkshire Hathaway, as described in Note 4 that included the exchange of 2,107 Class A Berkshire shares and 1,278 Class B Berkshire shares owned by the Company; a $266.7 million gain was recorded.

On March 27, 2014, the Company completed the sale of its headquarters building for approximately $158 million. In connection with the sale, the Company recorded a $127.7 million pre-tax gain in the first quarter of 2014. The headquarters building is used primarily by The Washington Post newspaper, which was sold by the Company in October 2013.

Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

ACCUMULATED OTHER COMPREHENSIVE INCOME

The other comprehensive (loss) income consists of the following components:



	Three Months Ended June 30
	2014									2013
	Before-Tax			Income			After-Tax			Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount			Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	1,920		$	—		$	1,920		$	(3,509	)	$	—		$	(3,509	)
Unrealized gains on available-for-sale securities:
Unrealized gains for the period, net	8,667			(3,466		)	5,201			31,423			(12,569		)	18,854
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income	(266,059		)	106,424			(159,635		)	(333		)	133			(200		)
	(257,392		)	102,958			(154,434		)	31,090			(12,436		)	18,654
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(102		)	41			(61		)	(384		)	153			(231		)
Amortization of net actuarial (gain) loss included in net income	(7,425		)	2,970			(4,455		)	2,004			(801		)	1,203
	(7,527		)	3,011			(4,516		)	1,620			(648		)	972
Cash flow hedge:
Gain for the period	239			(95		)	144			214			(86		)	128
Other Comprehensive (Loss) Income	$	(262,760	)	$	105,874		$	(156,886	)	$	29,415		$	(13,170	)	$	16,245



	Six Months Ended June 30
	2014									2013
	Before-Tax			Income			After-Tax			Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount			Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	2,666		$	—		$	2,666		$	(7,700	)	$	—		$	(7,700	)
Unrealized gains on available-for-sale securities:
Unrealized gains for the period, net	36,405			(14,562		)	21,843			80,501			(32,200		)	48,301
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income	(265,274		)	106,110			(159,164		)	(884		)	353			(531		)
	(228,869		)	91,548			(137,321		)	79,617			(31,847		)	47,770
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(204		)	81			(123		)	(821		)	328			(493		)
Amortization of net actuarial (gain) loss included in net income	(14,607		)	5,843			(8,764		)	4,321			(1,728		)	2,593
Settlement gain included in net income	—			—			—			(3,471		)	1,388			(2,083		)
	(14,811		)	5,924			(8,887		)	29			(12		)	17
Cash flow hedge:
Gain for the period	411			(164		)	247			244			(98		)	146
Other Comprehensive (Loss) Income	$	(240,603	)	$	97,308		$	(143,295	)	$	72,190		$	(31,957	)	$	40,233

The accumulated balances related to each component of other comprehensive income are as follows:



(in thousands, net of taxes)	Cumulative Foreign Currency Translation Adjustment		Unrealized Gain on Available-for- Sale Securities			Unrealized Gain on Pensions and Other Postretirement Plans			Cash Flow Hedge			Accumulated Other Comprehensive Income
Balance as of December 31, 2013	$	25,013	$	173,663		$	501,446		$	(628	)	$	699,494
Other comprehensive income (loss) before reclassifications	2,666		21,843			—			(10		)	24,499
Net amount reclassified from accumulated other comprehensive income	—		(159,164		)	(8,887		)	257			(167,794		)
Other comprehensive income, net of tax	2,666		(137,321		)	(8,887		)	247			(143,295		)
Balance as of June 30, 2014	$	27,679	$	36,342		$	492,559		$	(381	)	$	556,199

The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income are as follows:



	Three Months Ended June 30						Six Months Ended June 30						Affected Line Item in the Condensed Consolidated Statement of Operations
	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Unrealized Gains on Available-for-sale Securities:
Realized (gain) loss for the period	$	(266,059	)	$	(333	)	$	(265,274	)	$	(884	)	Other income (expense), net
	106,424			133			106,110			353			(1)
	(159,635		)	(200		)	(159,164		)	(531		)	Net of Tax
Pension and Other Postretirement Plans:
Amortization of net prior service credit	(102		)	(384		)	(204		)	(821		)	(2)
Amortization of net actuarial (gain) loss	(7,425		)	2,004			(14,607		)	4,321			(2)
Settlement gain	—			—			—			(3,471		)	(2)
	(7,527		)	1,620			(14,811		)	29			Before tax
	3,011			(648		)	5,924			(12		)	Provision for Income Taxes
	(4,516		)	972			(8,887		)	17			Net of Tax
Cash Flow Hedge
	216			197			428			383			Interest expense
	(86		)	(79		)	(171		)	(153		)	Provision for Income Taxes
	130			118			257			230			Net of Tax
Total reclassification for the period	$	(164,021	)	$	890		$	(167,794	)	$	(284	)	Net of Tax

____________

(1)

Benefits of $0.9 million and $1.2 million were recorded in Provision for Income Taxes related to the realized loss for the three and six months ended June 30, 2014, respectively. The remaining $107.3 million for the three and six months ended June 30, 2014, relates to the reversal of income taxes previously recorded on the unrealized gain of the Company’s investment in Berkshire Hathaway Inc. marketable equity securities as part of the Berkshire exchange transaction (see Note 4). The amounts for the three and six months ended June 30, 2013 were recorded in Provision for Income Taxes.


(2)	These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 9).

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.3-04)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Contingencies	6 Months Ended
Contingencies	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Contingencies	CONTINGENCIES Litigation and Legal Matters. The Company and its subsidiaries are involved in various legal proceedings that arise in the ordinary course of its business. Although the outcomes of the legal claims and proceedings against the Company cannot be predicted with certainty, based on currently available information, management believes that there are no existing claims or proceedings that are likely to have a material effect on the Company's business, financial condition, results of operations or cash flows. Also, based on currently available information, management is of the opinion that the exposure to future material losses from existing legal proceedings is not reasonably possible, or that future material losses in excess of the amounts accrued are not reasonably possible. ED Program Reviews. The U.S. Department of Education (ED) undertakes program reviews at Title IV participating institutions. Currently, there are three open program reviews, including Broomall, PA, as the Company is awaiting the ED’s final program review report. The Company does not expect the final program review reports to have a material impact on KHE; however, the results of these open reviews and their impact on Kaplan’s operations are uncertain. The 90/10 Rule. Under regulations referred to as the 90/10 rule, a KHE school would lose its eligibility to participate in Title IV programs for a period of at least two fiscal years if the institution derives more than 90% of its receipts from Title IV programs, as calculated on a cash basis in accordance with the Higher Education Act and applicable ED regulations, in each of two consecutive fiscal years. An institution with Title IV receipts exceeding 90% for a single fiscal year would be placed on provisional certification and may be subject to other enforcement measures. The 90/10 rule calculations are performed for each OPEID unit. KHE is taking various measures to reduce the percentage of its receipts attributable to Title IV funds, including modifying student payment options; emphasizing direct-pay and employer-paid education programs; encouraging students to carefully evaluate the amount of their Title IV borrowing; eliminating some programs; cash-matching; and developing and offering additional non-Title IV-eligible certificate preparation, professional development and continuing education programs. Absent the adoption of the changes mentioned above, and if current trends continue, management estimates that in 2014, three of the KHE Campuses’ OPEID units, representing approximately 1.7% of KHE’s 2013 revenues, could have a 90/10 ratio over 90%. As noted above, Kaplan is taking steps to address compliance with the 90/10 rule; however, there can be no guarantee that these measures will be adequate to prevent the 90/10 ratio at some of the schools from exceeding 90% in the future.

Business Segments

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

The Company has six reportable segments: Kaplan Higher Education, Kaplan Test Preparation, Kaplan International, cable, television broadcasting and other businesses.

Television Broadcasting. In June 2014, the Company completed the sale of WPLG, a television station serving the Miami market. WPLG results are included in discontinued operations, net of tax, for all periods presented. The television broadcasting segment operating results have been restated to reflect this change.

The following table summarizes financial information related to each of the Company’s business segments:



	Three Months Ended						Six Months Ended
	June 30						June 30
(in thousands)	2014			2013			2014			2013
Operating Revenues
Education	$	547,181		$	548,230		$	1,073,355		$	1,076,045
Cable	200,829			204,550			404,750			404,688
Television broadcasting	88,297			80,228			173,948			149,130
Other businesses	42,351			37,572			67,264			61,386
Corporate office	—			—			—			—
Intersegment elimination	(30		)	(76		)	(128		)	(153		)
	$	878,628		$	870,504		$	1,719,189		$	1,691,096
Income (Loss) From Operations
Education	$	10,561		$	23,726		$	13,083		$	19,670
Cable	46,780			44,710			87,942			81,323
Television broadcasting	44,088			39,235			88,474			68,346
Other businesses	(6,995		)	(5,968		)	(17,742		)	(14,510		)
Corporate office	50			(5,402		)	2,256			(11,381		)
	$	94,484		$	96,301		$	174,013		$	143,448
Equity in Earnings of Affiliates, Net	91,503			3,868			95,555			7,286
Interest Expense, Net	(7,916		)	(8,526		)	(16,137		)	(16,976		)
Other Income (Expense), Net	268,114			(12,858		)	401,387			(16,941		)
Income from Continuing Operations Before Income Taxes	$	446,185		$	78,785		$	654,818		$	116,817
Depreciation of Property, Plant and Equipment
Education	$	15,400		$	20,064		$	31,844		$	42,652
Cable	33,788			33,964			67,575			67,697
Television broadcasting	2,039			2,214			4,033			4,423
Other businesses	780			577			1,300			1,006
Corporate office	10			60			510			60
	$	52,017		$	56,879		$	105,262		$	115,838
Amortization and Impairment of Intangible Assets
Education	$	9,937		$	2,363		$	12,225		$	4,881
Cable	59			57			94			107
Television broadcasting	—			—			—			—
Other businesses	1,138			893			1,896			2,042
Corporate office	—			—			—			—
	$	11,134		$	3,313		$	14,215		$	7,030
Net Pension (Credit) Expense
Education	$	3,566		$	4,231		$	7,709		$	8,337
Cable	888			913			1,752			1,795
Television broadcasting	358			1,250			678			2,594
Other businesses	202			134			366			250
Corporate office	(22,933		)	(9,129		)	(40,612		)	(18,250		)
	$	(17,919	)	$	(2,601	)	$	(30,107	)	$	(5,274	)

Asset information for the Company’s business segments are as follows:



	As of
(in thousands)	June 30, 2014		December 31, 2013
Identifiable Assets
Education	$	1,743,192	$	1,921,037
Cable television	1,184,320		1,215,320
Television broadcasting	310,948		383,251
Other businesses	311,147		171,539
Corporate office	309,973		371,484
	$	3,859,580	$	4,062,631
Investments in Marketable Equity Securities	117,536		487,156
Investments in Affiliates	21,006		15,754
Prepaid Pension Cost	1,261,294		1,245,505
Assets Held for Sale	30,290		—
Total Assets	$	5,289,706	$	5,811,046

The Company’s education division comprises the following operating segments:



	Three Months Ended						Six Months Ended
	June 30						June 30
(in thousands)	2014			2013			2014			2013
Operating Revenues
Higher education	$	251,936		$	273,092		$	505,715		$	544,952
Test preparation	81,098			85,690			148,902			154,633
Kaplan international	213,262			187,968			416,129			372,781
Kaplan corporate and other	1,385			1,669			3,399			4,273
Intersegment elimination	(500		)	(189		)	(790		)	(594		)
	$	547,181		$	548,230		$	1,073,355		$	1,076,045
Income (Loss) from Operations
Higher education	$	20,952		$	22,534		$	34,096		$	27,635
Test preparation	(3,904		)	7,831			(10,532		)	3,486
Kaplan international	17,960			6,490			28,842			12,887
Kaplan corporate and other	(24,539		)	(13,223		)	(39,459		)	(24,563		)
Intersegment elimination	92			94			136			225
	$	10,561		$	23,726		$	13,083		$	19,670
Depreciation of Property, Plant and Equipment
Higher education	$	7,080		$	10,741		$	14,820		$	24,180
Test preparation	3,072			4,866			6,856			9,624
Kaplan international	4,944			4,116			9,652			8,112
Kaplan corporate and other	304			341			516			736
	$	15,400		$	20,064		$	31,844		$	42,652
Amortization of Intangible Assets	$	2,163		$	2,363		$	4,451		$	4,881
Impairment of Intangible Assets	$	7,774		$	—		$	7,774		$	—
Pension Expense
Higher education	$	2,629		$	2,807		$	5,257		$	5,614
Test preparation	722			641			1,444			1,281
Kaplan international	89			87			178			174
Kaplan corporate and other	126			696			830			1,268
	$	3,566		$	4,231		$	7,709		$	8,337

Identifiable assets for the Company’s education division consist of the following:



	As of
(in thousands)	June 30, 2014		December 31, 2013
Identifiable assets
Higher education	$	633,040	$	859,208
Test preparation	178,361		173,435
Kaplan international	888,559		864,507
Kaplan corporate and other	43,232		23,887
	$	1,743,192	$	1,921,037

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Organization, Basis of Presentation And Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation – The accompanying condensed consolidated financial statements have been prepared in accordance with: (i) generally accepted accounting principles in the United States of America (GAAP) for interim financial information; (ii) the instructions to Form 10-Q; and (iii) the guidance of Rule 10-01 of Regulation S-X under the Securities and Exchange Act of 1934, as amended, for financial statements required to be filed with the Securities and Exchange Commission (SEC). They include the assets, liabilities, results of operations and cash flows of the Company, including its domestic and foreign subsidiaries that are more than 50% owned or otherwise controlled by the Company. As permitted under such rules, certain notes and other financial information normally required by GAAP have been condensed or omitted. Management believes the accompanying condensed consolidated financial statements reflect all normal and recurring adjustments necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows as of and for the periods presented herein. The Company’s results of operations for the three and six months ended June 30, 2014 and 2013 may not be indicative of the Company’s future results. These condensed consolidated financial statements are unaudited and should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. Certain amounts in previously issued financial statements have been reclassified to conform to the current year presentation, which includes the reclassification of the results of operations of certain businesses as discontinued operations for all periods presented.
Use of Estimates in the Preparation of the Condensed Consolidated Financial Statements	Use of Estimates in the Preparation of the Condensed Consolidated Financial Statements – The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported herein. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in those estimates.
Assets Held For Sale	Assets Held for Sale – An asset or business is classified as held for sale when (i) management commits to a plan to sell the asset or business; (ii) the asset or business is available for immediate sale in its present condition; (iii) the asset or business is actively marketed for sale at a reasonable price; (iv) the sale is expected to be completed within one year; and (v) it is unlikely significant changes to the plan will be made or that the plan will be withdrawn. The assets and related liabilities are aggregated and reported separately in the Company’s condensed consolidated balance sheet.

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operation, Additional Disclosures [Abstract]

Carrying Amounts of Assets and Liabilities Held for Sale and Summarized Income (Loss) from Discontinued Operations, Net Of Tax



	Three Months Ended June 30						Six Months Ended June 30
	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Operating revenues	$	20,907		$	151,347		$	37,181		$	293,321
Operating costs and expenses	(12,568		)	(154,598		)	(22,701		)	(322,675		)
Income (loss) from discontinued operations	8,339			(3,251		)	14,480			(29,354		)
Provision (benefit) from income taxes	2,913			(1,300		)	4,939			(10,476		)
Net Income (Loss) from Discontinued Operations	5,426			(1,951		)	9,541			(18,878		)
Gain (loss) on sales of discontinued operations	358,964			—			354,227			(70		)
Benefit from income taxes on sales of discontinued operations	(16,075		)	—			(17,769		)	(24		)
Income (Loss) from Discontinued Operations, Net of Tax	$	380,465		$	(1,951	)	$	381,537		$	(18,924	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Investments (Tables)

6 Months Ended

Jun. 30, 2014

Investments [Abstract]

Investments in Marketable Equity Securities

Investments in marketable equity securities comprised the following:



	As of
	June 30, 2014		December 31, 2013
(in thousands)	June 30, 2014		December 31, 2013
Total cost	$	56,967	$	197,718
Net unrealized gains	60,569		289,438
Total Fair Value	$	117,536	$	487,156

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill, by segment, were as follows:



(in thousands)	Education			Cable		Television Broadcasting			Other Businesses			Total
Balance as of December 31, 2013
Goodwill	$	1,073,433		$	85,488	$	203,165		$	34,877		$	1,396,963
Accumulated impairment losses	(102,259		)	—		—			(6,082		)	(108,341		)
	971,174			85,488		203,165			28,795			1,288,622
Acquisitions	14,901			—		—			67,889			82,790
Dispositions	—			—		(37,661		)	—			(37,661		)
Foreign currency exchange rate changes	14,957			—		—			—			14,957
Balance as of June 30, 2014
Goodwill	1,103,291			85,488		165,504			102,766			1,457,049
Accumulated impairment losses	(102,259		)	—		—			(6,082		)	(108,341		)
	$	1,001,032		$	85,488	$	165,504		$	96,684		$	1,348,708

Other Intangible Assets

Other intangible assets consist of the following:



		As of June 30, 2014						As of December 31, 2013
(in thousands)	Useful Life Range	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
Noncompete agreements	2–5 years	$	13,943	$	12,896	$	1,047	$	13,540	$	12,622	$	918
Student and customer relationships	2–10 years	93,064		43,827		49,237		72,050		45,718		26,332
Databases and technology	3–5 years	12,229		7,906		4,323		10,790		6,991		3,799
Trade names and trademarks	2–10 years	22,672		17,433		5,239		22,327		16,052		6,275
Other	1–25 years	9,891		8,005		1,886		9,836		7,572		2,264
		$	151,799	$	90,067	$	61,732	$	128,543	$	88,955	$	39,588
Indefinite-Lived Intangible Assets
Franchise agreements		$	496,321					$	496,321
Wireless licenses		—						22,150
Licensure and accreditation		7,321						7,171
Other		31,736						15,636
		$	535,378					$	541,278

Education [Member]

Changes in Carrying Amount of Goodwill

The changes in carrying amount of goodwill at the Company’s education division were as follows:



(in thousands)	Higher Education		Test Preparation			Kaplan International		Total
Balance as of December 31, 2013
Goodwill	$	409,016	$	152,187		$	512,230	$	1,073,433
Accumulated impairment losses	—		(102,259		)	—		(102,259		)
	409,016		49,928			512,230		971,174
Acquisitions	2,186		12,715			—		14,901
Foreign currency exchange rate changes	7		—			14,950		14,957
Balance as of June 30, 2014
Goodwill	411,209		164,902			527,180		1,103,291
Accumulated impairment losses	—		(102,259		)	—		(102,259		)
	$	411,209	$	62,643		$	527,180	$	1,001,032

Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Components of Debt

The Company’s borrowings consist of the following:



	As of
	June 30, 2014			December 31, 2013
(in thousands)	June 30, 2014			December 31, 2013
7.25% unsecured notes due February 1, 2019	$	398,101		$	397,893
AUD Revolving credit borrowing	47,070			44,625
Other indebtedness	6,771			8,258
Total Debt	451,942			450,776
Less: current portion	(53,740		)	(3,168		)
Total Long-Term Debt	$	398,202		$	447,608

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:



	As of June 30, 2014
(in thousands)	Level 1		Level 2		Total
Assets
Money market investments (1)	$	—	$	136,751	$	136,751
Marketable equity securities (2)	117,536		—		117,536
Commercial paper (3)	124,927		—		124,927
Other current investments (4)	8,215		23,265		31,480
Total Financial Assets	$	250,678	$	160,016	$	410,694
Liabilities
Deferred compensation plan liabilities (5)	$	—	$	65,914	$	65,914
7.25% unsecured notes (6)	—		470,080		470,080
AUD revolving credit borrowing (6)	—		47,070		47,070
Interest rate swap (7)	—		636		636
Total Financial Liabilities	$	—	$	583,700	$	583,700

____________


(1)	The Company’s money market investments are included in cash, cash equivalents and restricted cash.


(2)	The Company’s investments in marketable equity securities are classified as available-for-sale.


(3)	The Company's commercial paper investments with original maturities of 90 days or less are included in cash and cash equivalents; commercial paper investments with original maturities greater than 90 days, but less than one year, are included in investments in marketable equity securities and other investments.


(4)	Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).


(5)	Includes Graham Holdings Company's Deferred Compensation Plan and supplemental savings plan benefits under the Graham Holdings Company's Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.


(6)	See Note 6 for carrying amount of these notes and borrowing.



	As of December 31, 2013
(in thousands)	Level 1		Level 2		Total
Assets
Money market investments (1)	$	—	$	431,836	$	431,836
Marketable equity securities (2)	487,156		—		487,156
Other current investments (3)	11,826		23,336		35,162
Total Financial Assets	$	498,982	$	455,172	$	954,154
Liabilities
Deferred compensation plan liabilities (4)	$	—	$	67,603	$	67,603
7.25% unsecured notes (5)	—		475,224		475,224
AUD revolving credit borrowing (5)	—		44,625		44,625
Interest rate swap (6)	—		1,047		1,047
Total Financial Liabilities	$	—	$	588,499	$	588,499

____________


(1)	The Company’s money market investments are included in cash, cash equivalents and restricted cash.


(2)	The Company’s investments in marketable equity securities are classified as available-for-sale.


(3)	Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).


(4)	Includes Graham Holdings Company's Deferred Compensation Plan and supplemental savings plan benefits under the Graham Holdings Company's Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.


(5)	See Note 6 for carrying amount of these notes and borrowing.


(6)	Included in Other liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Summary of Earnings Per Share from Continuing Operations, Basic and Diluted

The following reflects the Company's income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method:



	Three Months Ended June 30						Six Months Ended June 30
(in thousands, except per share amounts)	2014			2013			2014			2013
Numerator:
Numerator for basic earnings per share:
Income from continuing operations attributable to Graham Holdings Company common stockholders	$	369,672		$	46,626		$	500,698		$	68,317
Less: Dividends-common stock outstanding and unvested restricted shares	(14,819		)	—			(52,494		)	—
Undistributed earnings	354,853			46,626			448,204			68,317
Percent allocated to common stockholders	97.88		%	97.40		%	97.88		%	97.40		%
	347,342			45,415			438,716			66,543
Add: Dividends-common stock outstanding	14,506			—			51,556			—
Numerator for basic earnings per share	$	361,848		$	45,415		$	490,272		$	66,543
Add: Additional undistributed earnings due to dilutive stock options	31			1			40			1
Numerator for diluted earnings per share	$	361,879		$	45,416		$	490,312		$	66,544
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding	7,284			7,229			7,280			7,228
Add: Effect of dilutive stock options	24			4			24			3
Denominator for diluted earnings per share	7,308			7,233			7,304			7,231
Graham Holdings Company Common Stockholders:
Basic earnings per share from continuing operations	$	49.68		$	6.28		$	67.35		$	9.21
Diluted earnings per share from continuing operations	$	49.52		$	6.28		$	67.13		$	9.21

Antidilutive Weighted Average Restricted Stock

Diluted earnings per share excludes the following weighted average potential common shares, as the effect would be antidilutive, as computed under the treasury stock method:



	Three Months Ended June 30		Six Months Ended June 30
(in thousands)	2014	2013	2014	2013
Weighted average restricted stock	55	50	57	45

Pension and Postretirement Plans (Tables)

6 Months Ended

Jun. 30, 2014

Pension Plan [Member]

Schedule of Net Benefit Costs



	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Service cost	$	6,976		$	12,710		$	14,513		$	26,075
Interest cost	12,894			14,243			25,976			28,534
Expected return on assets	(30,504		)	(25,467		)	(60,767		)	(51,789		)
Amortization of prior service cost	82			909			164			1,818
Recognized actuarial (gain) loss	(7,281		)	1,797			(14,319		)	3,944
Net Periodic (Benefit) Cost	(17,833		)	4,192			(34,433		)	8,582
Early retirement programs expense	—			8,442			4,490			22,700
Total (Benefit) Cost	$	(17,833	)	$	12,634		$	(29,943	)	$	31,282

Schedule of Allocation of Plan Assets

The assets of the Company’s pension plan were allocated as follows:



	As of
	June 30, 2014		December 31, 2013
	June 30, 2014		December 31, 2013
U.S. equities	59	%	58	%
U.S. fixed income	11	%	12	%
International equities	30	%	30	%
	100	%	100	%

Supplemental Executive Retirement Plan (SERP) [Member]

Schedule of Net Benefit Costs

The total cost arising from the Company’s Supplemental Executive Retirement Plan (SERP), including a portion included in discontinued operations, consists of the following components:



	Three Months Ended June 30				Six Months Ended June 30
(in thousands)	2014		2013		2014		2013
Service cost	$	373	$	430	$	746	$	859
Interest cost	1,086		1,023		2,171		2,046
Amortization of prior service cost	11		13		23		27
Recognized actuarial loss	375		711		750		1,422
Net Periodic Cost	$	1,845	$	2,177	$	3,690	$	4,354

Other Postretirement Benefit Plan, Defined Benefit [Member]

Schedule of Net Benefit Costs



	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Service cost	$	375		$	728		$	750		$	1,455
Interest cost	362			507			724			1,017
Amortization of prior service credit	(195		)	(1,306		)	(391		)	(2,666		)
Recognized actuarial gain	(519		)	(504		)	(1,038		)	(1,045		)
Net Periodic Cost (Benefit)	23			(575		)	45			(1,239		)
Settlement gain	—			—			—			(3,471		)
Total Cost (Benefit)	$	23		$	(575	)	$	45		$	(4,710	)

Other Non-Operating Income (Expense) (Tables)

6 Months Ended

Jun. 30, 2014

Other Nonoperating Income (Expense) [Abstract]

Summary of Other Non-Operating Income (Expense)

A summary of non-operating income (expense) is as follows:



	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Gain on Berkshire marketable equity securities exchange	$	266,733		$	—		$	266,733		$	—
Gain on sale of headquarters building	—			—			127,670			—
Foreign currency gain (loss), net	2,909			(12,622		)	7,946			(17,236		)
(Losses) gains on sales or write-downs of marketable equity securities	(2,259		)	337			(3,044		)	879
Other, net	731			(573		)	2,082			(584		)
Total Other Non-Operating Income (Expense)	$	268,114		$	(12,858	)	$	401,387		$	(16,941	)

Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of Other Comprehensive Income

The other comprehensive (loss) income consists of the following components:



	Three Months Ended June 30
	2014									2013
	Before-Tax			Income			After-Tax			Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount			Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	1,920		$	—		$	1,920		$	(3,509	)	$	—		$	(3,509	)
Unrealized gains on available-for-sale securities:
Unrealized gains for the period, net	8,667			(3,466		)	5,201			31,423			(12,569		)	18,854
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income	(266,059		)	106,424			(159,635		)	(333		)	133			(200		)
	(257,392		)	102,958			(154,434		)	31,090			(12,436		)	18,654
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(102		)	41			(61		)	(384		)	153			(231		)
Amortization of net actuarial (gain) loss included in net income	(7,425		)	2,970			(4,455		)	2,004			(801		)	1,203
	(7,527		)	3,011			(4,516		)	1,620			(648		)	972
Cash flow hedge:
Gain for the period	239			(95		)	144			214			(86		)	128
Other Comprehensive (Loss) Income	$	(262,760	)	$	105,874		$	(156,886	)	$	29,415		$	(13,170	)	$	16,245



	Six Months Ended June 30
	2014									2013
	Before-Tax			Income			After-Tax			Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount			Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	2,666		$	—		$	2,666		$	(7,700	)	$	—		$	(7,700	)
Unrealized gains on available-for-sale securities:
Unrealized gains for the period, net	36,405			(14,562		)	21,843			80,501			(32,200		)	48,301
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income	(265,274		)	106,110			(159,164		)	(884		)	353			(531		)
	(228,869		)	91,548			(137,321		)	79,617			(31,847		)	47,770
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(204		)	81			(123		)	(821		)	328			(493		)
Amortization of net actuarial (gain) loss included in net income	(14,607		)	5,843			(8,764		)	4,321			(1,728		)	2,593
Settlement gain included in net income	—			—			—			(3,471		)	1,388			(2,083		)
	(14,811		)	5,924			(8,887		)	29			(12		)	17
Cash flow hedge:
Gain for the period	411			(164		)	247			244			(98		)	146
Other Comprehensive (Loss) Income	$	(240,603	)	$	97,308		$	(143,295	)	$	72,190		$	(31,957	)	$	40,233

Summary of Changes in Accumulated Other Comprehensive Income

The accumulated balances related to each component of other comprehensive income are as follows:



(in thousands, net of taxes)	Cumulative Foreign Currency Translation Adjustment		Unrealized Gain on Available-for- Sale Securities			Unrealized Gain on Pensions and Other Postretirement Plans			Cash Flow Hedge			Accumulated Other Comprehensive Income
Balance as of December 31, 2013	$	25,013	$	173,663		$	501,446		$	(628	)	$	699,494
Other comprehensive income (loss) before reclassifications	2,666		21,843			—			(10		)	24,499
Net amount reclassified from accumulated other comprehensive income	—		(159,164		)	(8,887		)	257			(167,794		)
Other comprehensive income, net of tax	2,666		(137,321		)	(8,887		)	247			(143,295		)
Balance as of June 30, 2014	$	27,679	$	36,342		$	492,559		$	(381	)	$	556,199

Summary of Amounts and Line Items of reclassifications Out of Accumulated Other Comprehensive Income

The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income are as follows:



	Three Months Ended June 30						Six Months Ended June 30						Affected Line Item in the Condensed Consolidated Statement of Operations
	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2014			2013			2014			2013
Unrealized Gains on Available-for-sale Securities:
Realized (gain) loss for the period	$	(266,059	)	$	(333	)	$	(265,274	)	$	(884	)	Other income (expense), net
	106,424			133			106,110			353			(1)
	(159,635		)	(200		)	(159,164		)	(531		)	Net of Tax
Pension and Other Postretirement Plans:
Amortization of net prior service credit	(102		)	(384		)	(204		)	(821		)	(2)
Amortization of net actuarial (gain) loss	(7,425		)	2,004			(14,607		)	4,321			(2)
Settlement gain	—			—			—			(3,471		)	(2)
	(7,527		)	1,620			(14,811		)	29			Before tax
	3,011			(648		)	5,924			(12		)	Provision for Income Taxes
	(4,516		)	972			(8,887		)	17			Net of Tax
Cash Flow Hedge
	216			197			428			383			Interest expense
	(86		)	(79		)	(171		)	(153		)	Provision for Income Taxes
	130			118			257			230			Net of Tax
Total reclassification for the period	$	(164,021	)	$	890		$	(167,794	)	$	(284	)	Net of Tax

____________

(1)


(2)	These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 9).

- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References + Details

Business Segments (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment

The following table summarizes financial information related to each of the Company’s business segments:



	Three Months Ended						Six Months Ended
	June 30						June 30
(in thousands)	2014			2013			2014			2013
Operating Revenues
Education	$	547,181		$	548,230		$	1,073,355		$	1,076,045
Cable	200,829			204,550			404,750			404,688
Television broadcasting	88,297			80,228			173,948			149,130
Other businesses	42,351			37,572			67,264			61,386
Corporate office	—			—			—			—
Intersegment elimination	(30		)	(76		)	(128		)	(153		)
	$	878,628		$	870,504		$	1,719,189		$	1,691,096
Income (Loss) From Operations
Education	$	10,561		$	23,726		$	13,083		$	19,670
Cable	46,780			44,710			87,942			81,323
Television broadcasting	44,088			39,235			88,474			68,346
Other businesses	(6,995		)	(5,968		)	(17,742		)	(14,510		)
Corporate office	50			(5,402		)	2,256			(11,381		)
	$	94,484		$	96,301		$	174,013		$	143,448
Equity in Earnings of Affiliates, Net	91,503			3,868			95,555			7,286
Interest Expense, Net	(7,916		)	(8,526		)	(16,137		)	(16,976		)
Other Income (Expense), Net	268,114			(12,858		)	401,387			(16,941		)
Income from Continuing Operations Before Income Taxes	$	446,185		$	78,785		$	654,818		$	116,817
Depreciation of Property, Plant and Equipment
Education	$	15,400		$	20,064		$	31,844		$	42,652
Cable	33,788			33,964			67,575			67,697
Television broadcasting	2,039			2,214			4,033			4,423
Other businesses	780			577			1,300			1,006
Corporate office	10			60			510			60
	$	52,017		$	56,879		$	105,262		$	115,838
Amortization and Impairment of Intangible Assets
Education	$	9,937		$	2,363		$	12,225		$	4,881
Cable	59			57			94			107
Television broadcasting	—			—			—			—
Other businesses	1,138			893			1,896			2,042
Corporate office	—			—			—			—
	$	11,134		$	3,313		$	14,215		$	7,030
Net Pension (Credit) Expense
Education	$	3,566		$	4,231		$	7,709		$	8,337
Cable	888			913			1,752			1,795
Television broadcasting	358			1,250			678			2,594
Other businesses	202			134			366			250
Corporate office	(22,933		)	(9,129		)	(40,612		)	(18,250		)
	$	(17,919	)	$	(2,601	)	$	(30,107	)	$	(5,274	)

Asset information for the Company’s business segments are as follows:



	As of
(in thousands)	June 30, 2014		December 31, 2013
Identifiable Assets
Education	$	1,743,192	$	1,921,037
Cable television	1,184,320		1,215,320
Television broadcasting	310,948		383,251
Other businesses	311,147		171,539
Corporate office	309,973		371,484
	$	3,859,580	$	4,062,631
Investments in Marketable Equity Securities	117,536		487,156
Investments in Affiliates	21,006		15,754
Prepaid Pension Cost	1,261,294		1,245,505
Assets Held for Sale	30,290		—
Total Assets	$	5,289,706	$	5,811,046

Education [Member]

Segment Reporting Information [Line Items]

Summary of Segment Reporting Information, by Operating Segment

The Company’s education division comprises the following operating segments:



	Three Months Ended						Six Months Ended
	June 30						June 30
(in thousands)	2014			2013			2014			2013
Operating Revenues
Higher education	$	251,936		$	273,092		$	505,715		$	544,952
Test preparation	81,098			85,690			148,902			154,633
Kaplan international	213,262			187,968			416,129			372,781
Kaplan corporate and other	1,385			1,669			3,399			4,273
Intersegment elimination	(500		)	(189		)	(790		)	(594		)
	$	547,181		$	548,230		$	1,073,355		$	1,076,045
Income (Loss) from Operations
Higher education	$	20,952		$	22,534		$	34,096		$	27,635
Test preparation	(3,904		)	7,831			(10,532		)	3,486
Kaplan international	17,960			6,490			28,842			12,887
Kaplan corporate and other	(24,539		)	(13,223		)	(39,459		)	(24,563		)
Intersegment elimination	92			94			136			225
	$	10,561		$	23,726		$	13,083		$	19,670
Depreciation of Property, Plant and Equipment
Higher education	$	7,080		$	10,741		$	14,820		$	24,180
Test preparation	3,072			4,866			6,856			9,624
Kaplan international	4,944			4,116			9,652			8,112
Kaplan corporate and other	304			341			516			736
	$	15,400		$	20,064		$	31,844		$	42,652
Amortization of Intangible Assets	$	2,163		$	2,363		$	4,451		$	4,881
Impairment of Intangible Assets	$	7,774		$	—		$	7,774		$	—
Pension Expense
Higher education	$	2,629		$	2,807		$	5,257		$	5,614
Test preparation	722			641			1,444			1,281
Kaplan international	89			87			178			174
Kaplan corporate and other	126			696			830			1,268
	$	3,566		$	4,231		$	7,709		$	8,337

Identifiable assets for the Company’s education division consist of the following:



	As of
(in thousands)	June 30, 2014		December 31, 2013
Identifiable assets
Higher education	$	633,040	$	859,208
Test preparation	178,361		173,435
Kaplan international	888,559		864,507
Kaplan corporate and other	43,232		23,887
	$	1,743,192	$	1,921,037

Organization, Basis of Presentation and Recent Accounting Pronouncements (Narrative) (Details)	6 Months Ended
	Jun. 30, 2014 TelevisionStation
Percentage of ownership indicating control for consolidation purposes	more than 50%
Television Broadcasting [Member]
Number of television broadcast stations	5

Discontinued Operations (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain (loss) on sale and/or disposition	$ 358,964		$ 0	$ 354,227	$ (70)
Expenses in discontinued operations	12,568		$ 154,598	22,701	322,675
Early retirement program expense				4,490	22,700
Daily Herald [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain (loss) on sale and/or disposition					$ (100)
Sale of Publishing Subsidiaries [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
After-tax gain (loss) on sale and/or disposition	(3,000)	$ 100,000
Berkshire Exchange Transaction [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Amount of Cash Exchanged to Berkshire	327,700			$ 327,700
After-tax gain (loss) on sale and/or disposition	$ 375,038
Berkshire Exchange Transaction [Member] \| Common Class A [Member] \| Berkshire Hathaway Inc [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Berkshire Shares Exchanged	2,107			2,107
Berkshire Exchange Transaction [Member] \| Common Class B [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of shares received in Berkshire Hathaway agreement	1,620,190			1,620,190
Berkshire Exchange Transaction [Member] \| Common Class B [Member] \| Berkshire Hathaway Inc [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Berkshire Shares Exchanged	1,278			1,278

Discontinued Operations (Summarized (Loss) Income from Discontinued Operations, Net Of Tax) (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Discontinued Operation, Additional Disclosures [Abstract]
Operating revenues	$ 20,907	$ 151,347	$ 37,181	$ 293,321
Operating costs and expenses	(12,568)	(154,598)	(22,701)	(322,675)
Income (loss) from discontinued operations	8,339	(3,251)	14,480	(29,354)
Expense (benefit) from income taxes	2,913	(1,300)	4,939	(10,476)
Net Income (Loss) from Discontinued Operations	5,426	(1,951)	9,541	(18,878)
Gain (loss) on sales of discontinued operations	358,964	0	354,227	(70)
Benefit from income taxes on sales of discontinued operations	(16,075)	0	(17,769)	(24)
Income (Loss) from Discontinued Operations, Net of Tax	$ 380,465	$ (1,951)	$ 381,537	$ (18,924)

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
Investments (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Aug. 04, 2014	Apr. 01, 2014	Dec. 31, 2013
Schedule of Investments [Line Items]
Gain on Berkshire marketable equity securities exchange	$ 266,733		$ 0	$ 266,733	$ 0
Gain on exchange of Berkshire Hathaway shares	(2,259)		337	(3,044)	879
Proceeds from sales of marketable equity securities				5,800	3,600
(Loss) gain on sales of marketable equity securities				(2,600)	900
New investments in marketable equity securities				0	0
Investments in commercial paper	99,900			99,900
Pre-tax gain on equity method investments	91,503		$ 3,868	95,555	$ 7,286
Company's investments in marketable equity securities	117,536			117,536				$ 487,156
Unrealized loss on investment	$ 60,569			$ 60,569				$ 289,438
Minimum [Member]
Schedule of Investments [Line Items]
Investment maturity length for commercial paper				3 months 1 day
Maximum [Member]
Schedule of Investments [Line Items]
Investment maturity length for commercial paper				6 months
Corinthian Colleges, Inc. [Member]
Schedule of Investments [Line Items]
Impairment write-down on a marketable equity security		$ 500
Classified Ventures LLC [Member]
Schedule of Investments [Line Items]
Percentage owned of equity method investment	16.50%			16.50%
Classified Ventures LLC [Member] \| Subsequent Event [Member] \| Scenario, Forecast [Member]
Schedule of Investments [Line Items]
Estimated fair value of Classified Ventures						$ 2,500,000
Gannett's Ownership of Classified Ventures						27.00%
Classified Ventures' sale of apartments.com [Member]
Schedule of Investments [Line Items]
Cash distribution from equity method investment							$ 95,000
Pre-tax gain on equity method investments	$ 91,000
Berkshire Exchange Transaction [Member] \| Berkshire Hathaway Inc [Member]
Schedule of Investments [Line Items]
Gain on Berkshire marketable equity securities exchange	$ 266,733
Berkshire Exchange Transaction [Member] \| Berkshire Hathaway Inc [Member] \| Common Class A [Member]
Schedule of Investments [Line Items]
Number of Berkshire Shares Exchanged	2,107			2,107
Berkshire Exchange Transaction [Member] \| Berkshire Hathaway Inc [Member] \| Common Class B [Member]
Schedule of Investments [Line Items]
Number of Berkshire Shares Exchanged	1,278			1,278

Investments (Investments in Marketable Equity Securities) (Details 1) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Investments [Abstract]
Total cost	$ 56,967	$ 197,718
Net unrealized gains	60,569	289,438
Total Fair Value	$ 117,536	$ 487,156

Acquisitions and Dispositions (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014 USD ($) shares	Jun. 30, 2013 USD ($)	Jun. 30, 2014 USD ($) business shares	Jun. 30, 2013 USD ($) business	Jul. 03, 2014
Business Acquisition [Line Items]
Acqusition purchase price			$ 133,500
Gain on Berkshire marketable equity securities exchange	$ 266,733	$ 0	266,733	$ 0
Gain on exchange of Berkshire Hathaway shares	(2,259)	337	(3,044)	879
Gain (loss) on sales of discontinued operations	358,964	$ 0	$ 354,227	$ (70)
Effective tax rate			23.50%
Other Businesses Segment And Education Division [Member]
Business Acquisition [Line Items]
Number of businesses acquired \| business			6
Subsequent Event [Member] \| Residential Healthcare Group Inc. [Member]
Business Acquisition [Line Items]
Percentage of interest acquired					80.00%
Kaplan [Member] \| Kaplan China [Member]
Business Acquisition [Line Items]
Percent of noncontrolling interest purchased		15.00%
Other Businesses [Member]
Business Acquisition [Line Items]
Number of businesses acquired \| business				2
Berkshire Exchange Transaction [Member]
Business Acquisition [Line Items]
Amount of Cash Exchanged to Berkshire	327,700		$ 327,700
After-tax gain (loss) on sale and/or disposition	375,038
Treasury stock increase	1,165,400
Berkshire Exchange Transaction [Member] \| Berkshire Hathaway Inc [Member]
Business Acquisition [Line Items]
Gain on Berkshire marketable equity securities exchange	266,733
Berkshire Exchange Transaction [Member] \| WPLG [Member]
Business Acquisition [Line Items]
Estimated fair value of business exchanged	$ 438,000		$ 438,000
Berkshire Exchange Transaction [Member] \| Common Class A [Member] \| Berkshire Hathaway Inc [Member]
Business Acquisition [Line Items]
Number of Berkshire Shares Exchanged \| shares	2,107		2,107
Berkshire Exchange Transaction [Member] \| Common Class B [Member]
Business Acquisition [Line Items]
Number of shares received in Berkshire Hathaway agreement \| shares	1,620,190		1,620,190
Berkshire Exchange Transaction [Member] \| Common Class B [Member] \| Berkshire Hathaway Inc [Member]
Business Acquisition [Line Items]
Number of Berkshire Shares Exchanged \| shares	1,278		1,278
Berkshire Exchange Transaction [Member] \| Class A and B [Member] \| Berkshire Hathaway Inc [Member]
Business Acquisition [Line Items]
Fair value of available-for-sale equity securities exchanged	$ 400,300		$ 400,300

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Amortized Intangible Assets [Line Items]
Impairment of intangible assets		$ 7,774	$ 0	$ 7,774	$ 0
Amortization of Intangible Assets
Amortization of intangible assets		3,360	$ 3,313	6,441	$ 7,030
Estimated amortization of intangible assets, remainder of 2014		7,000		7,000
Estimated amortization of intangible assets, 2015		13,000		13,000
Estimated amortization of intangible assets, 2016		12,000		12,000
Estimated amortization of intangible assets, 2017		8,000		8,000
Estimated amortization of intangible assets, 2018		8,000		8,000
Estimated amortization of intangible assets, 2019		7,000		7,000
Estimated amortization of intangible assets, after 2019		7,000		$ 7,000
Kaplan International [Member] \| Kaplan China [Member]
Amortized Intangible Assets [Line Items]
Impairment of intangible assets		$ 7,774
Wireless Licenses [Member] \| Cable [Member] \| Scenario, Forecast [Member]
Indefinite-Lived Intangible Assets [Line Items]
Gain on sale of intangible asset	$ 75,000

Goodwill and Other Intangible Assets (Changes in Carrying Amount of Goodwill) (Details 1) $ in Thousands	6 Months Ended
	Jun. 30, 2014 USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 1,396,963
Accumulated impairment losses, beginning balance	(108,341)
Goodwill, net, beginning balance	1,288,622
Acquisitions	82,790
Dispositions	(37,661)
Foreign currency exchange rate changes	14,957
Goodwill, ending balance	1,457,049
Accumulated impairment losses, ending balance	(108,341)
Goodwill, net, ending balance	1,348,708
Education [Member]
Goodwill [Line Items]
Goodwill, beginning balance	1,073,433
Accumulated impairment losses, beginning balance	(102,259)
Goodwill, net, beginning balance	971,174
Acquisitions	14,901
Dispositions	0
Foreign currency exchange rate changes	14,957
Goodwill, ending balance	1,103,291
Accumulated impairment losses, ending balance	(102,259)
Goodwill, net, ending balance	1,001,032
Higher Education [Member]
Goodwill [Line Items]
Goodwill, beginning balance	409,016
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	409,016
Acquisitions	2,186
Foreign currency exchange rate changes	7
Goodwill, ending balance	411,209
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	411,209
Test Preparation [Member]
Goodwill [Line Items]
Goodwill, beginning balance	152,187
Accumulated impairment losses, beginning balance	(102,259)
Goodwill, net, beginning balance	49,928
Acquisitions	12,715
Foreign currency exchange rate changes	0
Goodwill, ending balance	164,902
Accumulated impairment losses, ending balance	(102,259)
Goodwill, net, ending balance	62,643
Kaplan International [Member]
Goodwill [Line Items]
Goodwill, beginning balance	512,230
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	512,230
Acquisitions	0
Foreign currency exchange rate changes	14,950
Goodwill, ending balance	527,180
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	527,180
Cable [Member]
Goodwill [Line Items]
Goodwill, beginning balance	85,488
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	85,488
Acquisitions	0
Dispositions	0
Foreign currency exchange rate changes	0
Goodwill, ending balance	85,488
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	85,488
Television Broadcasting [Member]
Goodwill [Line Items]
Goodwill, beginning balance	203,165
Accumulated impairment losses, beginning balance	0
Goodwill, net, beginning balance	203,165
Acquisitions	0
Dispositions	(37,661)
Foreign currency exchange rate changes	0
Goodwill, ending balance	165,504
Accumulated impairment losses, ending balance	0
Goodwill, net, ending balance	165,504
Other Businesses [Member]
Goodwill [Line Items]
Goodwill, beginning balance	34,877
Accumulated impairment losses, beginning balance	(6,082)
Goodwill, net, beginning balance	28,795
Acquisitions	67,889
Dispositions	0
Foreign currency exchange rate changes	0
Goodwill, ending balance	102,766
Accumulated impairment losses, ending balance	(6,082)
Goodwill, net, ending balance	$ 96,684

Goodwill and Other Intangible Assets (Other Intangible Assets) (Details) 2 - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Amortized Intangible Assets [Line Items]
Gross Carrying Amount	$ 151,799	$ 128,543
Accumulated Amortization	90,067	88,955
Net Carrying Amount	61,732	39,588
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Net	535,378	541,278
Franchise Agreements [Member]
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Net	496,321	496,321
Wireless Licenses [Member]
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Net	0	22,150
Licensure and Accreditation [Member]
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Net	7,321	7,171
Other [Member]
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Net	31,736	15,636
Non-compete Agreements [Member]
Amortized Intangible Assets [Line Items]
Gross Carrying Amount	13,943	13,540
Accumulated Amortization	12,896	12,622
Net Carrying Amount	$ 1,047	$ 918
Non-compete Agreements [Member] \| Minimum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	2 years	2 years
Non-compete Agreements [Member] \| Maximum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	5 years	5 years
Student and Customer Relationships [Member]
Amortized Intangible Assets [Line Items]
Gross Carrying Amount	$ 93,064	$ 72,050
Accumulated Amortization	43,827	45,718
Net Carrying Amount	$ 49,237	$ 26,332
Student and Customer Relationships [Member] \| Minimum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	2 years	2 years
Student and Customer Relationships [Member] \| Maximum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	10 years	10 years
Databases and Technology [Member]
Amortized Intangible Assets [Line Items]
Gross Carrying Amount	$ 12,229	$ 10,790
Accumulated Amortization	7,906	6,991
Net Carrying Amount	$ 4,323	$ 3,799
Databases and Technology [Member] \| Minimum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	3 years	3 years
Databases and Technology [Member] \| Maximum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	5 years	5 years
Trade Names and Trademarks [Member]
Amortized Intangible Assets [Line Items]
Gross Carrying Amount	$ 22,672	$ 22,327
Accumulated Amortization	17,433	16,052
Net Carrying Amount	$ 5,239	$ 6,275
Trade Names and Trademarks [Member] \| Minimum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	2 years	2 years
Trade Names and Trademarks [Member] \| Maximum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	10 years	10 years
Other [Member]
Amortized Intangible Assets [Line Items]
Gross Carrying Amount	$ 9,891	$ 9,836
Accumulated Amortization	8,005	7,572
Net Carrying Amount	$ 1,886	$ 2,264
Other [Member] \| Minimum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	1 year	1 year
Other [Member] \| Maximum [Member]
Amortized Intangible Assets [Line Items]
Useful Life	25 years	25 years

Debt (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
Debt (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jan. 31, 2009
Debt Instrument [Line Items]
Average borrowings outstanding	$ 452,500	$ 454,100	$ 451,800	$ 489,500
Weighted average interest rate of borrowings	7.00%	7.00%	7.00%	7.00%
Net interest expense incurred	$ 7,900	$ 8,500	$ 16,100	$ 17,000
Carrying value of debt instrument	398,101		398,101		$ 397,893
7.25% Unsecured Notes due February 1, 2019 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						7.25%
Fair value of debt instrument	470,100		470,100		475,200
Carrying value of debt instrument	398,100		398,100		397,900
AUD $50 million portion of Revolver [Member]
Debt Instrument [Line Items]
Borrowings outstanding	$ 47,070		$ 47,070		$ 44,625
Other Indebtedness [Member]
Debt Instrument [Line Items]
Minimum interest rate			0.00%		0.00%
Maximum interest rate			6.00%		6.00%
Debt Instrument, Maturity year, start			Jul. 01, 2014		Jan. 01, 2014
Debt Instrument, Maturity year, end			Dec. 31, 2017		Dec. 31, 2017

Debt (Details 1) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
7.25% unsecured notes due February 1, 2019	$ 398,101	$ 397,893
Other indebtedness	6,771	8,258
Total Debt	451,942	450,776
Less: current portion	(53,740)	(3,168)
Total Long-Term Debt	398,202	447,608
AUD [Member]
Debt Instrument [Line Items]
Revolving credit borrowing	$ 47,070	$ 44,625

Fair Value Measurements Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Fair Value Measurements [Abstract]
Impairment of intangible assets	$ 7,774	$ 0	$ 7,774	$ 0

Fair Value Measurements (Details 1) - USD ($)
$ in Thousands

Jun. 30, 2014

Dec. 31, 2013

Assets

Marketable equity securities

$ 117,536

$ 487,156

7.25% Unsecured Notes due February 1, 2019 [Member]

Liabilities:

7.25% unsecured notes

470,100

475,200

Level 1 [Member]

Assets

Money market investments

^[1]

Marketable equity securities

^[2]

117,536

487,156

Commercial paper

^[3]

124,927

Other current investments

^[4]

8,215

11,826

Total Financial Assets

250,678

498,982

Liabilities:

Deferred compensation plan liabilities

^[5]

Interest rate swap

^[6]

Total Financial Liabilities

Level 1 [Member] | 7.25% Unsecured Notes due February 1, 2019 [Member]

Liabilities:

7.25% unsecured notes

^[7]

Level 1 [Member] | AUD $50 million portion of Revolver [Member]

Liabilities:

AUD Revolving credit borrowing

^[7]

Level 2 [Member]

Assets

Money market investments

^[1]

136,751

431,836

Marketable equity securities

^[2]

Commercial paper

^[3]

Other current investments

^[4]

23,265

23,336

Total Financial Assets

160,016

455,172

Liabilities:

Deferred compensation plan liabilities

^[5]

65,914

67,603

Interest rate swap

^[6]

636

1,047

Total Financial Liabilities

583,700

588,499

Level 2 [Member] | 7.25% Unsecured Notes due February 1, 2019 [Member]

Liabilities:

7.25% unsecured notes

^[7]

470,080

475,224

Level 2 [Member] | AUD $50 million portion of Revolver [Member]

Liabilities:

AUD Revolving credit borrowing

^[7]

47,070

44,625

Estimate of Fair Value Measurement [Member]

Assets

Money market investments

^[1]

136,751

431,836

Marketable equity securities

^[2]

117,536

487,156

Commercial paper

^[3]

124,927

Other current investments

^[4]

31,480

35,162

Total Financial Assets

410,694

954,154

Liabilities:

Deferred compensation plan liabilities

^[5]

65,914

67,603

Interest rate swap

^[6]

636

1,047

Total Financial Liabilities

583,700

588,499

Estimate of Fair Value Measurement [Member] | 7.25% Unsecured Notes due February 1, 2019 [Member]

Liabilities:

7.25% unsecured notes

^[7]

470,080

475,224

Estimate of Fair Value Measurement [Member] | AUD $50 million portion of Revolver [Member]

Liabilities:

AUD Revolving credit borrowing

^[7]

$ 47,070

$ 44,625

[1]	The Company’s money market investments are included in cash, cash equivalents and restricted cash.
[2]	The Company’s investments in marketable equity securities are classified as available-for-sale.
[3]	The Company's commercial paper investments with original maturities of 90 days or less are included in cash and cash equivalents; commercial paper investments with original maturities greater than 90 days, but less than one year, are included in investments in marketable equity securities and other investments.
[4]	Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits (with original maturities greater than 90 days, but less than one year).
[5]	Includes Graham Holdings Company's Deferred Compensation Plan and supplemental savings plan benefits under the Graham Holdings Company's Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits.
[6]	Included in Other liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.
[7]	See Note 6 for carrying amount of these notes and borrowing.

Earnings Per Share (Narrative) (Details) - $ / shares	3 Months Ended		6 Months Ended		12 Months Ended
Earnings Per Share (Narrative) (Details) - $ / shares	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends declared per common share	$ 2.55		$ 7.65		$ 0
Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities, shares	5,000	63,000	5,000	63,750
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities, shares	5,550	51,300	5,550	51,300

Earnings Per Share (Details 1) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule of Earnings Per Share, Basic and Diluted, Including Two Class Method [Line Items]
Income from continuing operations attributable to Graham Holdings Company common stockholders	$ 369,672	$ 46,626	$ 500,698	$ 68,317
Less: Dividends-common stock outstanding and unvested restricted shares	(14,819)	0	(52,494)	0
Undistributed earnings	$ 354,853	$ 46,626	$ 448,204	$ 68,317
Percent allocated to common stockholders	97.88%	97.40%	97.88%	97.40%
Undistributed Earnings Allocated To Common Stockholders	$ 347,342	$ 45,415	$ 438,716	$ 66,543
Add: Dividends-common stock outstanding	14,506	0	51,556	0
Numerator for basic earnings per share	361,848	45,415	490,272	66,543
Add: Additional undistributed earnings due to dilutive stock options	31	1	40	1
Numerator for diluted earnings per share	$ 361,879	$ 45,416	$ 490,312	$ 66,544
Weighted average shares outstanding	7,284	7,229	7,280	7,228
Denominator for diluted earnings per share	7,308	7,233	7,304	7,231
Graham Holdings Company Common Stockholders:
Basic income per common share from continuing operations in dollars per share	$ 49.68	$ 6.28	$ 67.35	$ 9.21
Diluted income per common share from continuing operations in dollars per share	$ 49.52	$ 6.28	$ 67.13	$ 9.21
Stock Option Plan [Member]
Schedule of Earnings Per Share, Basic and Diluted, Including Two Class Method [Line Items]
Add: Effect of dilutive stock options	24	4	24	3

Earnings Per Share Earnings Per Share (Details 2) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Antidilutive Weighted Average Restricted Stock [Line Items]
Weighted average restricted stock	55	50	57	45

Pension and Postretirement Plans (Narrative) (Details)	3 Months Ended				6 Months Ended
Pension and Postretirement Plans (Narrative) (Details)	Jun. 30, 2014 USD ($) campus companies Investment	Mar. 31, 2014 USD ($)	Jun. 30, 2013 USD ($)	Mar. 31, 2013 USD ($)	Jun. 30, 2014 USD ($) campus companies Investment	Jun. 30, 2013 USD ($)	Dec. 31, 2013 USD ($) country Investment
Retirement Benefits Disclosure [Line Items]
Net Periodic Cost (Benefit)					$ (34,433,000)	$ 8,582,000
Total Cost (Benefit)	$ (17,919,000)		$ (2,601,000)		(30,107,000)	(5,274,000)
Early retirement program expense					4,490,000	22,700,000
Pension Plan [Member]
Retirement Benefits Disclosure [Line Items]
Net Periodic Cost (Benefit)	(17,833,000)		4,192,000		(34,433,000)	8,582,000
Total Cost (Benefit)	(17,833,000)		12,634,000		(29,943,000)	31,282,000
Early retirement program expense	$ 0		8,442,000		$ 4,490,000	22,700,000
Number of investment companies actively managing plan assets \| companies	2				2
Amount of plan assets managed internally by company					$ 0
Percentage of total plan assets	100.00%				100.00%		100.00%
Pension Plan [Member] \| Discontinued Operations [Member]
Retirement Benefits Disclosure [Line Items]
Net Periodic Cost (Benefit)	$ 100,000		6,800,000		$ 200,000	13,900,000
Pension Plan [Member] \| Washington Post Newspaper [Member] \| Voluntary Retirement Incentive Program [Member] \| Discontinued Operations [Member]
Retirement Benefits Disclosure [Line Items]
Early retirement program expense			8,400,000	$ 12,000,000		20,400,000
Pension Plan [Member] \| Washington Post Newspaper [Member] \| Special Separation Benefits [Member] \| Discontinued Operations [Member]
Retirement Benefits Disclosure [Line Items]
Early retirement program expense				2,300,000
Pension Plan [Member] \| Corporate Office [Member] \| Separation Incentive Program [Member]
Retirement Benefits Disclosure [Line Items]
Early retirement program expense		$ 4,500,000
Supplemental Executive Retirement Plan (SERP) [Member]
Retirement Benefits Disclosure [Line Items]
Net Periodic Cost (Benefit)	1,845,000		2,177,000		3,690,000	4,354,000
Supplemental Executive Retirement Plan (SERP) [Member] \| Discontinued Operations [Member]
Retirement Benefits Disclosure [Line Items]
Net Periodic Cost (Benefit)	100,000		300,000		200,000	600,000
Other Postretirement Plans [Member]
Retirement Benefits Disclosure [Line Items]
Net Periodic Cost (Benefit)	23,000		(575,000)		45,000	(1,239,000)
Total Cost (Benefit)	23,000		(575,000)		$ 45,000	(4,710,000)
Other Postretirement Plans [Member] \| Discontinued Operations [Member]
Retirement Benefits Disclosure [Line Items]
Net Periodic Cost (Benefit)			$ 800,000			$ 1,400,000
Other Postretirement Plans [Member] \| Daily Herald [Member] \| Discontinued Operations [Member]
Retirement Benefits Disclosure [Line Items]
Settlement gain				$ 3,500,000
Berkshire Hathaway Common Stock [Member] \| Pension Plan [Member]
Retirement Benefits Disclosure [Line Items]
Defined benefit plan, target allocation maximum percentage of assets, singular equity security, without prior approval by plan administrator					20.00%
Value of related party investments	222,500,000				$ 222,500,000		$ 208,400,000
Single Equity Concentration [Member] \| Pension Plan [Member]
Retirement Benefits Disclosure [Line Items]
Defined benefit plan, target allocation maximum percentage of assets, singular equity security, without prior approval by plan administrator					10.00%
Value of investments	$ 410,500,000				$ 410,500,000		$ 382,100,000
Percentage of total plan assets	17.00%				17.00%		16.00%
Number of investments the company's pension plan held which individually exceed 10% of total plan assets \| Investment	1				1		1
Foreign Investments [Member] \| Pension Plan [Member]
Retirement Benefits Disclosure [Line Items]
Defined benefit plan, target allocation maximum percentage of assets, equity securities					24.00%
Fixed income securities [Member] \| Pension Plan [Member]
Retirement Benefits Disclosure [Line Items]
Defined benefit plan, target allocation percentage of assets, fixed-income securities, range minimum					10.00%
Concentration In Single Entity, Type Of Industry, Foreign Country Or Individual Fund [Member] \| Defined Benefit Plan Assets Total [Member] \| Pension Plan [Member]
Retirement Benefits Disclosure [Line Items]
Minimum percentage of plan assets considered as significant concentrations in pension plans					10.00%
Geographic Concentration [Member] \| Foreign Investments [Member] \| Pension Plan [Member]
Retirement Benefits Disclosure [Line Items]
Value of investments	$ 429,300,000				$ 429,300,000		$ 398,900,000
Percentage of total plan assets	18.00%				18.00%		17.00%
Number of foreign countries for which the companys pension plan holds investments that exceed 10% of total plan assets	1				1		1

Pension and Postretirement Plans (Total Benefit/Cost) (Details 5) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Cost (Benefit)			$ (34,433)	$ 8,582
Early retirement program expense			4,490	22,700
Total Cost (Benefit)	$ (17,919)	$ (2,601)	(30,107)	(5,274)
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss) [Abstract]
Amortization of prior service credit (cost)	(102)	(384)	(204)	(821)
Curtailment loss	0	0	0	(3,471)
Total Recognized in Other Comprehensive Income (Before Tax Effects)	7,527	(1,620)	14,811	(29)
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	6,976	12,710	14,513	26,075
Interest cost	12,894	14,243	25,976	28,534
Expected return on assets	(30,504)	(25,467)	(60,767)	(51,789)
Amortization of prior service cost (credit)	82	909	164	1,818
Recognized actuarial loss (gain)	(7,281)	1,797	(14,319)	3,944
Net Periodic Cost (Benefit)	(17,833)	4,192	(34,433)	8,582
Early retirement program expense	0	8,442	4,490	22,700
Total Cost (Benefit)	(17,833)	12,634	(29,943)	31,282
Supplemental Executive Retirement Plan (SERP) [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	373	430	746	859
Interest cost	1,086	1,023	2,171	2,046
Amortization of prior service cost (credit)	11	13	23	27
Recognized actuarial loss (gain)	375	711	750	1,422
Net Periodic Cost (Benefit)	1,845	2,177	3,690	4,354
Other Postretirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	375	728	750	1,455
Interest cost	362	507	724	1,017
Amortization of prior service cost (credit)	(195)	(1,306)	(391)	(2,666)
Recognized actuarial loss (gain)	(519)	(504)	(1,038)	(1,045)
Net Periodic Cost (Benefit)	23	(575)	45	(1,239)
Settlement gain	0	0	0	(3,471)
Total Cost (Benefit)	$ 23	$ (575)	$ 45	$ (4,710)

Pension and Postretirement Plans (Asset Allocation) (Details 9) - Pension Plans [Member]	Jun. 30, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assets	100.00%	100.00%
UNITED STATES \| U.S. equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assets	59.00%	58.00%
UNITED STATES \| U.S. fixed income [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assets	11.00%	12.00%
International [Member] \| International equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assets	30.00%	30.00%

Other Non-Operating Income (Expense) (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Investment [Line Items]
Gain on Berkshire marketable equity securities exchange	$ 266,733	$ 0	$ 266,733	$ 0
Proceeds from sale of building			158,000
Gain on sale of headquarters building	0	$ 0	127,670	$ 0
Berkshire Exchange Transaction [Member]
Investment [Line Items]
Amount of Cash Exchanged to Berkshire	$ 327,700		$ 327,700
Common Class B [Member] \| Berkshire Exchange Transaction [Member]
Investment [Line Items]
Number of shares received in Berkshire Hathaway agreement	1,620,190		1,620,190
Berkshire Hathaway Inc [Member] \| Berkshire Exchange Transaction [Member]
Investment [Line Items]
Gain on Berkshire marketable equity securities exchange	$ 266,733
Berkshire Hathaway Inc [Member] \| Common Class A [Member] \| Berkshire Exchange Transaction [Member]
Investment [Line Items]
Number of Berkshire Shares Exchanged	2,107		2,107
Berkshire Hathaway Inc [Member] \| Common Class B [Member] \| Berkshire Exchange Transaction [Member]
Investment [Line Items]
Number of Berkshire Shares Exchanged	1,278		1,278

Other Non-Operating Income (Expense) (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule of Investments [Line Items]
Gain on Berkshire marketable equity securities exchange	$ 266,733	$ 0	$ 266,733	$ 0
Gain on sale of headquarters building	0	0	127,670	0
Foreign currency gain (loss), net	2,909	(12,622)	7,946	(17,236)
(Losses) gains on sales or write-downs of marketable equity securities	(2,259)	337	(3,044)	879
Other, net	731	(573)	2,082	(584)
Total Other Non-Operating Income (Expense)	268,114	$ (12,858)	$ 401,387	$ (16,941)
Berkshire Exchange Transaction [Member] \| Berkshire Hathaway Inc [Member]
Schedule of Investments [Line Items]
Gain on Berkshire marketable equity securities exchange	$ 266,733

Accumulated Other Comprehensive Income (Loss) (Components of OCI) (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Foreign currency translation adjustments:
Translation adjustments arising during the period, before tax	$ 1,920	$ (3,509)	$ 2,666	$ (7,700)
Translation adjustments arising during the period, income tax	0	0	0	0
Translation adjustments arising during the period, after tax	1,920	(3,509)	2,666	(7,700)
Unrealized gains on available-for-sale securities:
Unrealized gains for the period, before tax	8,667	31,423	36,405	80,501
Unrealized gains for the period, tax	(3,466)	(12,569)	(14,562)	(32,200)
Unrealized gains for the period, after tax	5,201	18,854	21,843	48,301
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income, before tax	(266,059)	(333)	(265,274)	(884)
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income, income tax	106,424	133	106,110	353
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of available-for-sale securities included in net income, after tax	(159,635)	(200)	(159,164)	(531)
Total unrealized gains on available-for-sale securities, before tax	(257,392)	31,090	(228,869)	79,617
Total unrealized gains on available-for-sale securities, income tax	102,958	(12,436)	91,548	(31,847)
Total unrealized gains on available-for-sale securities, after tax	(154,434)	18,654	(137,321)	47,770
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(102)	(384)	(204)	(821)
Amortization of net prior service credit included in net income, income tax	41	153	81	328
Amortization of net prior service credit included in net income, after tax	(61)	(231)	(123)	(493)
Amortization of net actuarial (gain) loss included in net income, before tax	(7,425)	2,004	(14,607)	4,321
Amortization of net actuarial (gain) loss included in net income, income tax	2,970	(801)	5,843	(1,728)
Amortization of net actuarial (gain) loss included in net income, after tax	(4,455)	1,203	(8,764)	2,593
Settlement gain included in net income, before tax	0	0	0	(3,471)
Settlement gain included in net income, income tax			0	1,388
Settlement gain included in net income, after tax			0	(2,083)
Total pension and other postretirement plans, before tax	(7,527)	1,620	(14,811)	29
Total pension and other postretirement plans, income tax	3,011	(648)	5,924	(12)
Total pension and other postretirement plans, after tax	(4,516)	972	(8,887)	17
Cash flow hedge:
Gain for the period, before tax	239	214	411	244
Gain for the period, income tax	(95)	(86)	(164)	(98)
Gain for the period, after tax	144	128	247	146
Other Comprehensive (Loss) Income, before tax	(262,760)	29,415	(240,603)	72,190
Other Comprehensive (Loss) Income, income tax	105,874	(13,170)	97,308	(31,957)
Other Comprehensive (Loss) Income, after tax	$ (156,886)	$ 16,245	$ (143,295)	$ 40,233

Accumulated Other Comprehensive Income (Loss) (AOCI balances) (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, beginning balance			$ 699,494
Other comprehensive income (loss) before reclassifications			24,499
Net amount reclassified from accumulated other comprehensive income			(167,794)
Other Comprehensive (Loss) Income, Net of Tax	$ (156,886)	$ 16,245	(143,295)	$ 40,233
Accumulated Other Comprehensive Income, ending balance	556,199		556,199
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, beginning balance			25,013
Other comprehensive income (loss) before reclassifications			2,666
Net amount reclassified from accumulated other comprehensive income			0
Other Comprehensive (Loss) Income, Net of Tax			2,666
Accumulated Other Comprehensive Income, ending balance	27,679		27,679
Unrealized Gain on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, beginning balance			173,663
Other comprehensive income (loss) before reclassifications			21,843
Net amount reclassified from accumulated other comprehensive income			(159,164)
Other Comprehensive (Loss) Income, Net of Tax			(137,321)
Accumulated Other Comprehensive Income, ending balance	36,342		36,342
Unrealized Gain on Pensions and Other Postretirement Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, beginning balance			501,446
Other comprehensive income (loss) before reclassifications			0
Net amount reclassified from accumulated other comprehensive income			(8,887)
Other Comprehensive (Loss) Income, Net of Tax			(8,887)
Accumulated Other Comprehensive Income, ending balance	492,559		492,559
Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income, beginning balance			(628)
Other comprehensive income (loss) before reclassifications			(10)
Net amount reclassified from accumulated other comprehensive income			257
Other Comprehensive (Loss) Income, Net of Tax			247
Accumulated Other Comprehensive Income, ending balance	$ (381)		$ (381)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Accumulated Other Comprehensive Income (Loss) (Reclassifications out of AOCI) (Details 3) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Interest expense

$ 8,557

$ 9,048

$ 17,377

$ 18,008

Income tax on unrealized gains on available-for-sale securities reclassified out of accumulated other comprehensive income

106,424

133

106,110

353

Other income (expense), net

(268,114)

12,858

(401,387)

16,941

Amortization of net prior service credit included in net income

(102)

(384)

(204)

(821)

Amortization of net actuarial (gain) loss included in net income

(7,425)

2,004

(14,607)

4,321

Settlement gain included in net income

3,471

Income Before Tax

(446,185)

(78,785)

(654,818)

(116,817)

Provision for Income Taxes

76,800

31,700

154,200

47,500

Income Net of Tax

(369,385)

(47,085)

(500,618)

(69,317)

Reclassification out of Accumulated Other Comprehensive Income [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Income Net of Tax

(164,021)

890

(167,794)

(284)

Unrealized Gain on Available-for-Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Income tax on unrealized gains on available-for-sale securities reclassified out of accumulated other comprehensive income

^[1]

106,424

133

106,110

353

Other income (expense), net

(266,059)

(333)

(265,274)

(884)

Provision for Income Taxes

900

1,200

Income Net of Tax

(159,635)

(200)

(159,164)

(531)

Unrealized Gain on Available-for-Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Berkshire Exchange Transaction [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Income tax on unrealized gains on available-for-sale securities reclassified out of accumulated other comprehensive income

107,300

Pension and Other Postretirement Plans [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Amortization of net prior service credit included in net income

^[2]

(102)

(384)

(204)

(821)

Amortization of net actuarial (gain) loss included in net income

^[2]

(7,425)

2,004

(14,607)

4,321

Settlement gain included in net income

^[2]

(3,471)

Income Before Tax

(7,527)

1,620

(14,811)

Provision for Income Taxes

3,011

(648)

5,924

(12)

Income Net of Tax

(4,516)

972

(8,887)

Cash Flow Hedge [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Interest expense

216

197

428

383

Provision for Income Taxes

(86)

(79)

(171)

(153)

Income Net of Tax

$ 130

$ 118

$ 257

$ 230

[1]

[2]

These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 9).

Contingencies (Details)	6 Months Ended
Contingencies (Details)	Jun. 30, 2014 campus claim program_review
Loss Contingencies [Line Items]
Number of existing legal claims or proceedings that are likely to have a material effect on the Company's business \| claim	0
Percentage of receipts from Title IV programs	90.00%
Portion of regulations under 90/10 rule	a KHE school would lose its eligibility to participate in Title IV programs for a period of at least two fiscal years if the institution derives more than 90% of its receipts from Title IV programs, as calculated on a cash basis in accordance with the Higher Education Act and applicable ED regulations, in each of two consecutive fiscal years. An institution with Title IV receipts exceeding 90% for a single fiscal year would be placed on provisional certification and may be subject to other enforcement measures.
Higher Education [Member]
Loss Contingencies [Line Items]
Number of open DOE program reviews \| program_review	3
Estimated Campuses OPEID Units Over 90/10 Ratio \| campus	3
2013 Percentage Of Revenue Of Campus OPEID Units Over 90/10 Ratio	1.70%

Business Segments (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
Business Segments (Narrative) (Details) $ in Thousands	Jun. 30, 2014 USD ($)	Jun. 30, 2013 USD ($)	Jun. 30, 2014 USD ($) Segment	Jun. 30, 2013 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| Segment			6
Total operating revenues \| $	$ (878,628)	$ (870,504)	$ (1,719,189)	$ (1,691,096)

Business Segments (Information by Operating Segment) (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]
Operating Revenues	$ 878,628	$ 870,504	$ 1,719,189	$ 1,691,096
Income (Loss) from Operations	94,484	96,301	174,013	143,448
Equity in earnings of affiliates, net	91,503	3,868	95,555	7,286
Interest Expense, Net	(7,916)	(8,526)	(16,137)	(16,976)
Other Income (Expense), Net	268,114	(12,858)	401,387	(16,941)
Income from Continuing Operations Before Income Taxes	446,185	78,785	654,818	116,817
Depreciation of property, plant and equipment	52,017	56,879	105,262	115,838
Amortization of intangible assets	3,360	3,313	6,441	7,030
Amortization and impairment of intangible assets	11,134	3,313	14,215	7,030
Impairment of intangible assets	7,774	0	7,774	0
Net Pension (Credit) Expense	(17,919)	(2,601)	(30,107)	(5,274)
Identifiable Assets	3,859,580		3,859,580		$ 4,062,631
Investment in Marketable Equity Securities	117,536		117,536		487,156
Investments in Affiliates	21,006		21,006		15,754
Prepaid Pension Cost	1,261,294		1,261,294		1,245,505
Assets Held for Sale	30,290		30,290		0
Total Assets	5,289,706		5,289,706		5,811,046
Operating Segments [Member] \| Education [Member]
Segment Reporting Information [Line Items]
Operating Revenues	547,181	548,230	1,073,355	1,076,045
Income (Loss) from Operations	10,561	23,726	13,083	19,670
Depreciation of property, plant and equipment	15,400	20,064	31,844	42,652
Amortization of intangible assets	2,163	2,363	4,451	4,881
Amortization and impairment of intangible assets	9,937	2,363	12,225	4,881
Impairment of intangible assets	7,774	0	7,774	0
Net Pension (Credit) Expense	3,566	4,231	7,709	8,337
Identifiable Assets	1,743,192		1,743,192		1,921,037
Operating Segments [Member] \| Education [Member] \| Reportable Subsegments [Member] \| Higher Education [Member]
Segment Reporting Information [Line Items]
Operating Revenues	251,936	273,092	505,715	544,952
Income (Loss) from Operations	20,952	22,534	34,096	27,635
Depreciation of property, plant and equipment	7,080	10,741	14,820	24,180
Net Pension (Credit) Expense	2,629	2,807	5,257	5,614
Identifiable Assets	633,040		633,040		859,208
Operating Segments [Member] \| Education [Member] \| Reportable Subsegments [Member] \| Test Preparation [Member]
Segment Reporting Information [Line Items]
Operating Revenues	81,098	85,690	148,902	154,633
Income (Loss) from Operations	(3,904)	7,831	(10,532)	3,486
Depreciation of property, plant and equipment	3,072	4,866	6,856	9,624
Net Pension (Credit) Expense	722	641	1,444	1,281
Identifiable Assets	178,361		178,361		173,435
Operating Segments [Member] \| Education [Member] \| Reportable Subsegments [Member] \| Kaplan International [Member]
Segment Reporting Information [Line Items]
Operating Revenues	213,262	187,968	416,129	372,781
Income (Loss) from Operations	17,960	6,490	28,842	12,887
Depreciation of property, plant and equipment	4,944	4,116	9,652	8,112
Net Pension (Credit) Expense	89	87	178	174
Identifiable Assets	888,559		888,559		864,507
Operating Segments [Member] \| Education [Member] \| Reportable Subsegments [Member] \| Kaplan Corporate and Other [Member]
Segment Reporting Information [Line Items]
Operating Revenues	1,385	1,669	3,399	4,273
Income (Loss) from Operations	(24,539)	(13,223)	(39,459)	(24,563)
Depreciation of property, plant and equipment	304	341	516	736
Net Pension (Credit) Expense	126	696	830	1,268
Identifiable Assets	43,232		43,232		23,887
Operating Segments [Member] \| Education [Member] \| Intersubsegment Eliminations [Member]
Segment Reporting Information [Line Items]
Operating Revenues	(500)	(189)	(790)	(594)
Income (Loss) from Operations	92	94	136	225
Operating Segments [Member] \| Cable [Member]
Segment Reporting Information [Line Items]
Operating Revenues	200,829	204,550	404,750	404,688
Income (Loss) from Operations	46,780	44,710	87,942	81,323
Depreciation of property, plant and equipment	33,788	33,964	67,575	67,697
Amortization and impairment of intangible assets	59	57	94	107
Net Pension (Credit) Expense	888	913	1,752	1,795
Identifiable Assets	1,184,320		1,184,320		1,215,320
Operating Segments [Member] \| Television Broadcasting [Member]
Segment Reporting Information [Line Items]
Operating Revenues	88,297	80,228	173,948	149,130
Income (Loss) from Operations	44,088	39,235	88,474	68,346
Depreciation of property, plant and equipment	2,039	2,214	4,033	4,423
Amortization and impairment of intangible assets	0	0	0	0
Net Pension (Credit) Expense	358	1,250	678	2,594
Identifiable Assets	310,948		310,948		383,251
Operating Segments [Member] \| Other Businesses [Member]
Segment Reporting Information [Line Items]
Operating Revenues	42,351	37,572	67,264	61,386
Income (Loss) from Operations	(6,995)	(5,968)	(17,742)	(14,510)
Depreciation of property, plant and equipment	780	577	1,300	1,006
Amortization and impairment of intangible assets	1,138	893	1,896	2,042
Net Pension (Credit) Expense	202	134	366	250
Identifiable Assets	311,147		311,147		171,539
Operating Segments [Member] \| Corporate Office [Member]
Segment Reporting Information [Line Items]
Operating Revenues	0	0	0	0
Income (Loss) from Operations	50	(5,402)	2,256	(11,381)
Depreciation of property, plant and equipment	10	60	510	60
Amortization and impairment of intangible assets	0	0	0	0
Net Pension (Credit) Expense	(22,933)	(9,129)	(40,612)	(18,250)
Identifiable Assets	309,973		309,973		$ 371,484
Intersegment Elimination [Member]
Segment Reporting Information [Line Items]
Operating Revenues	$ (30)	$ (76)	$ (128)	$ (153)