XML 90 R81.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt (Additional Information) (Details) - USD ($)
3 Months Ended 6 Months Ended
Aug. 12, 2021
Jul. 29, 2021
Mar. 01, 2021
Feb. 12, 2021
Mar. 24, 2020
Apr. 13, 2018
Mar. 31, 2024
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2016
Dec. 31, 2021
Dec. 31, 2020
Jun. 30, 2021
Line of Credit Facility [Line Items]                            
Repayment of long-term debt                       $ 291,000,000 $ 1,500,000  
Line of Credit facility, initiation date           Apr. 13, 2018                
Amortization of debt issuance costs                       19,985,000 828,000  
Interest Rate Swap                            
Line of Credit Facility [Line Items]                            
Gain (Loss) on Derivative Instruments, Net, Pretax               $ 0   $ 0   $ (4,525,000) 0  
Interest Rate Swap | Interest Expense [Member]                            
Line of Credit Facility [Line Items]                            
Gain (Loss) on Derivative Instruments, Net, Pretax   $ (4,500,000)                        
Revolver [Member]                            
Line of Credit Facility [Line Items]                            
Maximum borrowing capacity $ 400,000,000                          
Term                 5 years          
Revolver [Member] | LIBOR Floor [Member]                            
Line of Credit Facility [Line Items]                            
Basic spread rate                       0.75%    
Revolver [Member] | LIBOR Floor [Member] | Minimum                            
Line of Credit Facility [Line Items]                            
Basic spread rate                       3.75%    
Revolver [Member] | LIBOR Floor [Member] | Maximum                            
Line of Credit Facility [Line Items]                            
Basic spread rate                       4.25%    
Revolver [Member] | Alternate Base Rate [Member] | Minimum                            
Line of Credit Facility [Line Items]                            
Basic spread rate                       2.75%    
Revolver [Member] | Alternate Base Rate [Member] | Maximum                            
Line of Credit Facility [Line Items]                            
Basic spread rate                       3.25%    
Walden Title IV Letter Of Credit [Member]                            
Line of Credit Facility [Line Items]                            
Letters of credit outstanding               $ 84,000,000.0       $ 84,000,000.0    
Annual fee percentage               4.25%       4.25%    
Commitment fee percentage                       0.25%    
Undrawn amount on letters of credit               $ 316,000,000.0       $ 316,000,000.0    
Fronting fee percentage               0.125%       0.125%    
De Vry University Title IV Letter Of Credit [Member]                            
Line of Credit Facility [Line Items]                            
Letters of credit outstanding               $ 0   68,400,000 $ 68,400,000 $ 0 68,400,000 $ 68,400,000
Letter Of Credit Title Iv Disbursement Percentage                     10.00%      
Letter of credit, repayment period                     5 years      
Credit annual fee percentage reimbursement                       2.00%    
Prior Revolving Credit Facility [Member]                            
Line of Credit Facility [Line Items]                            
Maximum borrowing capacity           $ 300,000,000                
Line of credit facility, expiration date           Apr. 13, 2023                
Long-term Line of Credit                   0     0 0
Debt Issuance Costs Write-off               0   0   $ 6,000,000 0  
Prior Revolving Credit Facility [Member] | Interest Expense [Member]                            
Line of Credit Facility [Line Items]                            
Debt Issuance Costs Write-off                       $ 6,000,000.0    
Prior Revolving Credit Facility [Member] | Base Rate [Member] | Minimum                            
Line of Credit Facility [Line Items]                            
Application rate, percentage                 0.75%          
Prior Revolving Credit Facility [Member] | Base Rate [Member] | Maximum                            
Line of Credit Facility [Line Items]                            
Application rate, percentage                 1.75%          
Prior Revolving Credit Facility [Member] | Eurocurrency Rate [Member] | Minimum                            
Line of Credit Facility [Line Items]                            
Application rate, percentage                       1.75%    
Prior Revolving Credit Facility [Member] | Eurocurrency Rate [Member] | Maximum                            
Line of Credit Facility [Line Items]                            
Application rate, percentage                       2.75%    
Term Loan B                            
Line of Credit Facility [Line Items]                            
Debt instrument, face amount       $ 850,000,000                    
Debt Instrument, Issuance Price, Percent Of Principal Amount 99.00%                          
Debt Instrument, Issuance Discount, Percent 1.00%                          
Asset sale or disposition period                       1 year    
Asset sale or disposition investments                       $ 20,000,000    
Mandatory prepayment terms                       0    
Bridge                            
Line of Credit Facility [Line Items]                            
Debt Issuance Costs Write-off               $ 0   $ 0   10,329,000 $ 0  
Bridge | Interest Expense [Member]                            
Line of Credit Facility [Line Items]                            
Debt Issuance Costs Write-off                       $ 10,300,000    
Senior Secured Notes Due 2028 And Term B Loan [Member]                            
Line of Credit Facility [Line Items]                            
Term                 7 years          
Cap percentage                       20.00%    
Senior Secured Notes Due 2028 And Term B Loan [Member] | Scenario, Plan [Member]                            
Line of Credit Facility [Line Items]                            
Total net leverage ratio             3.25% 4.00%            
Senior Secured Notes Due 2028 [Member]                            
Line of Credit Facility [Line Items]                            
Debt instrument, face amount     $ 800,000,000                      
Fixed interest rate     5.50%                      
Percentage of notes issued on par value     100.00%                      
Redemption price, percentage of principal amount redeemed     100.00%                      
Debt covenant, percentage of principal amount of notes outstanding     25.00%                      
Senior Secured Notes Due 2028 [Member] | Accrued Liabilities                            
Line of Credit Facility [Line Items]                            
Debt Instrument, Accrued Interest               $ 14,700,000       $ 14,700,000   14,700,000
Senior Secured Notes Due 2028 [Member] | 2024                            
Line of Credit Facility [Line Items]                            
Redemption price, percentage of principal amount redeemed     102.75%                      
Senior Secured Notes Due 2028 [Member] | 2025                            
Line of Credit Facility [Line Items]                            
Redemption price, percentage of principal amount redeemed     101.375%                      
Senior Secured Notes Due 2028 [Member] | 2026                            
Line of Credit Facility [Line Items]                            
Redemption price, percentage of principal amount redeemed     100.00%                      
Senior Secured Notes Due 2028 [Member] | Prior to March 1,2024                            
Line of Credit Facility [Line Items]                            
Redemption price percentage     105.50%                      
Senior Secured Notes Due 2028 [Member] | Maximum | Prior to March 1,2024                            
Line of Credit Facility [Line Items]                            
Redemption price, percentage of principal amount redeemed     40.00%                      
Term B Loan [Member]                            
Line of Credit Facility [Line Items]                            
Debt instrument, face amount $ 850,000,000                          
Fixed interest rate               5.25%       5.25%    
Debt Instrument, Ticking Fee, Term       30 days                    
Debt Instrument, Ticking Fee, Percent       50.00%                    
Basic spread rate       4.50%                    
Principal payment $ 2,125,000                          
Term B Loan [Member] | Accrued Liabilities                            
Line of Credit Facility [Line Items]                            
Accrued Ticking Fees                           $ 11,300,000
Term B Loan [Member] | LIBOR Floor [Member]                            
Line of Credit Facility [Line Items]                            
Basic spread rate 0.75%     0.75%                    
Term B Loan [Member] | Alternate Base Rate [Member] | Minimum                            
Line of Credit Facility [Line Items]                            
Basic spread rate 3.00%                          
Term B Loan [Member] | Alternate Base Rate [Member] | Maximum                            
Line of Credit Facility [Line Items]                            
Basic spread rate 3.50%                          
Term B Loan [Member] | LIBOR                            
Line of Credit Facility [Line Items]                            
Basic spread rate       4.50%                    
Term B Loan [Member] | Eurocurrency Rate [Member] | Minimum                            
Line of Credit Facility [Line Items]                            
Basic spread rate 4.00%                          
Term B Loan [Member] | Eurocurrency Rate [Member] | Maximum                            
Line of Credit Facility [Line Items]                            
Basic spread rate 4.50%                          
Prior Term Loan B [Member]                            
Line of Credit Facility [Line Items]                            
Debt instrument, face amount           $ 300,000,000                
Repayment of long-term debt $ 291,000,000.0                          
Principal payment           $ 750,000                
Interest rate for borrowings under the Term B Loan facility                   3.15%     3.15% 3.10%
Debt instrument, maturity date           Apr. 13, 2025                
Prior Term Loan B [Member] | Base Rate [Member]                            
Line of Credit Facility [Line Items]                            
Basic spread rate                       2.00%    
Debt instrument, description of variable rate basis                       base rate plus 2%    
Prior Term Loan B [Member] | Eurocurrency Rate [Member]                            
Line of Credit Facility [Line Items]                            
Basic spread rate         3.00%             3.00%    
Debt instrument, description of variable rate basis                       LIBOR-equivalent rate plus 3%    
Prior Term Loan B [Member] | Interest Rate Swap                            
Line of Credit Facility [Line Items]                            
Derivative, Fixed Interest Rate         0.946%                  
Derivative, Swaption Interest Rate               3.946%       3.946%    
Prior Term Loan B [Member] | Interest Rate Swap | LIBOR                            
Line of Credit Facility [Line Items]                            
Debt instrument, description of variable rate basis         one-month LIBOR                  
Prior Term Loan B [Member] | Interest Rate Swap | LIBOR | Minimum                            
Line of Credit Facility [Line Items]                            
Derivative, Floor Interest Rate         0.00%