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Other Non-Operating Income | 3 Months Ended
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Mar. 31, 2023
Other Nonoperating Income (Expense) [Abstract] |
Other Non-Operating Income | OTHER NON-OPERATING INCOME A summary of non-operating income is as follows:
|  |  | Three Months Ended March 31
(in thousands) |  |  |  |  | 2023 |  | 2022
Gain on a cost method investment |  |  |  |  | $ | 1,831 |  |  | $ | — |
Foreign currency loss, net |  |  |  |  | (1,504) |  |  | (1,047) |
Gain on sale of business |  |  |  |  | 1,000 |  |  | 945 |
Gain on sale of cost method investments |  |  |  |  | 785 |  |  | 1,075 |
Gain on sale of investments in affiliates |  |  |  |  | 15 |  |  | 604 |
Other gain, net |  |  |  |  | 956 |  |  | 1,299 |
Total Other Non-Operating Income |  |  |  |  | $ | 3,083 |  |  | $ | 2,876 |
The gain on cost method investment resulted from observable price changes in the fair value of the underlying equity securities accounted for under the cost method (see Notes 3 and 8). During the three months ended March 31, 2023 and 2022, the Company recorded contingent consideration gains of $1.0 million and $0.9 million, respectively, related to the disposition of Kaplan University (KU) in 2018.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI https://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI https://asc.fasb.org/topic&trid=49130413 + Details
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