| Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis are as follows:
|
(in thousands) |
|
|
|
|
Fair Value at Reporting Date Using |
|
|
Description |
June 30, 2015 |
|
|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
|
Restricted Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market |
$ |
4,918 |
|
|
$ |
4,918 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Collateral Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market |
|
904 |
|
|
|
904 |
|
|
|
— |
|
|
|
— |
|
|
Certificates of Deposit |
|
2,722 |
|
|
|
2,722 |
|
|
|
— |
|
|
|
— |
|
|
(in thousands) |
|
|
|
|
Fair Value at Reporting Date Using |
|
|
Description |
December 31, 2014 |
|
|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
|
Restricted Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market |
$ |
5,497 |
|
|
$ |
5,497 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Collateral Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market |
|
904 |
|
|
|
904 |
|
|
|
— |
|
|
|
— |
|
|
Certificates of Deposit |
|
2,720 |
|
|
|
2,720 |
|
|
|
— |
|
|
|
— |
|
|
(in thousands) |
Total Gains (Losses) for the
Six Months Ended June 30, |
|
|
Description |
2015 |
|
|
2014 |
|
|
Restricted Assets: |
|
|
|
|
|
|
|
|
Money Market |
$ |
— |
|
|
$ |
— |
|
|
Collateral Investments: |
|
|
|
|
|
|
|
|
Money Market |
|
— |
|
|
|
— |
|
|
Certificates of Deposit |
|
— |
|
|
|
— |
|
|
| Assets and Liabilities Measured at Fair Value on a Non-recurring Basis |
Assets and liabilities measured at fair value on a non-recurring basis are listed below at their carrying values as of each reporting date:
|
(in thousands) |
|
|
|
|
Fair Value at Reporting Date Using |
|
|
Description |
June 30, 2015 |
|
|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
|
Goodwill |
$ |
47,842 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
47,842 |
|
|
Property, equipment and software, net |
|
21,916 |
|
|
|
— |
|
|
|
— |
|
|
|
21,916 |
|
|
Pre-publication costs, net |
|
16,125 |
|
|
|
— |
|
|
|
— |
|
|
|
16,125 |
|
|
Acquired curriculum and technology
intangibles, net |
|
3,941 |
|
|
|
— |
|
|
|
— |
|
|
|
3,941 |
|
|
Acquired publishing rights, net |
|
2,110 |
|
|
|
— |
|
|
|
— |
|
|
|
2,110 |
|
|
Other intangible assets, net |
|
3,865 |
|
|
|
— |
|
|
|
— |
|
|
|
3,865 |
|
|
(in thousands) |
|
|
|
|
Fair Value at Reporting Date Using |
|
|
Description |
December 31, 2014 |
|
|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
|
Goodwill |
$ |
47,842 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
47,842 |
|
|
Property, equipment and software, net |
|
20,856 |
|
|
|
— |
|
|
|
— |
|
|
|
20,856 |
|
|
Pre-publication costs, net |
|
15,070 |
|
|
|
— |
|
|
|
— |
|
|
|
15,070 |
|
|
Acquired curriculum and technology
intangibles, net |
|
5,209 |
|
|
|
— |
|
|
|
— |
|
|
|
5,209 |
|
|
Acquired publishing rights, net |
|
2,762 |
|
|
|
— |
|
|
|
— |
|
|
|
2,762 |
|
|
Other intangible assets, net |
|
4,499 |
|
|
|
— |
|
|
|
— |
|
|
|
4,499 |
|
|
(in thousands) |
Total Gains (Losses) for the
Six Months Ended June 30, |
|
|
Description |
2015 |
|
|
2014 |
|
|
Goodwill |
$ |
— |
|
|
$ |
— |
|
|
Property, equipment and software, net |
|
— |
|
|
|
— |
|
|
Pre-publication costs, net |
|
— |
|
|
|
— |
|
|
Acquired curriculum and technology intangibles, net |
|
— |
|
|
|
— |
|
|
Acquired publishing rights, net |
|
— |
|
|
|
— |
|
|
Other intangible assets, net |
|
— |
|
|
|
— |
|
|