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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Interest cost capitalized and incurred

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2018

    

2017

    

2016

Interest incurred

 

$

2,292

 

$

2,656

 

$

2,538

Interest capitalized

 

 

756

 

 

487

 

 

1,210

Interest expense

 

$

1,536

 

$

2,169

 

$

1,328

 

Schedule of Revenues Disaggregated by Nature of Transfer of Services

The following table presents our revenues disaggregated by the nature of transfer of services for the six months ended June 30, 2018:

 

 

 

 

Tuition revenues

    

$

522,430

Ancillary revenues (housing, meals, fees, golf, hotel, arena, other)

 

 

91,245

Total revenues

 

 

613,675

Scholarships

 

 

(101,176)

Net Revenues

 

$

512,499

 

Schedule of Restatements on Consolidated Income Statement

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 

 

 

2017

 

2017

 

2016

 

2016

 

    

As Reported

    

As Reclassified

    

As Reported

    

As Reclassified

Costs and expenses:

 

  

 

  

 

  

 

  

Technology and academic services

 

 —

 

41,834

 

 

39,101

Counseling services and support

 

 —

 

188,595

 

 

175,045

Marketing and communication

 

 —

 

109,092

 

 

98,592

General and administrative

 

43,759

 

27,157

 

43,219

 

28,079

University related expenses

 

 —

 

324,140

 

 

294,188

Loss on transaction

 

 —

 

562

 

 

1,136

Instructional costs and services

 

410,840

 

 

373,101

 

Admissions advisory and related

 

128,544

 

 

119,286

 

Advertising

 

98,608

 

 

88,152

 

Marketing and promotional

 

9,629

 

 

8,860

 

Lease termination costs

 

 

 

3,523

 

Total costs and expenses

 

691,380

 

691,380

 

636,141

 

636,141