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Other Non-Operating Income (Expense)
 9 Months Ended
Sep. 30, 2025
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 
 September 30

Nine Months Ended 
 September 30
(in thousands)2025202420252024
Impairment of cost method investments$(1,486)$— $(14,165)$(744)
Foreign currency gain (loss), net1,147 (4,559)(7,707)(5,642)
Gain on sale of businesses— 3,763 371 8,121 
Gain on cost method investments— 191 — 191 
Gain on sale of investment in affiliate— — — 15 
Other gain, net346 140 987 1,032 
Total Other Non-Operating Income (Expense)$7 $(465)$(20,514)$2,973 
The gain on cost method investments results 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 nine months ended September 30, 2024, the Company recorded contingent consideration gains of $0.9 million related to the disposition of Kaplan University (KU) in 2018.
In the third quarter of 2024, the Company recorded a $3.7 million gain related to Kaplan’s sale of a small business (see Note 2).
In the second quarter of 2024, the Company recorded a $3.5 million gain related to the sale of a small business by WGB, which included five websites (see Note 2).