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Discontinued Operations and Assets Held for Sale (Tables) | 3 Months Ended
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Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Summary of major classes of assets and liabilities reclassified to held for sale | Summarized operating results and cash flows of the Discontinued Operations are presented in the following tables:
For the three months ended March 31, | 2021 |  | 2020
Revenues | $ | 239,750 |  |  | $ | 369,484 |
Depreciation and amortization expense | — |  |  | (24,511) |
Share-based compensation expense | (242) |  |  | (445) |
Other direct costs | (201,197) |  |  | (378,881) |
Loss on impairment of assets | (1,064) |  |  | — |
Other non-operating expense | (11,163) |  |  | (55,057) |
Loss on sale of discontinued operations before taxes, net | (16,837) |  |  | (23,553) |
Pretax income (loss) of discontinued operations | 9,247 |  |  | (112,963) |
Income tax (expense) benefit | (9,665) |  |  | 5,183 |
Loss from discontinued operations, net of tax | $ | (418) |  |  | $ | (107,780) |
Operating cash flows of discontinued operations | $ | 31,117 |  |  | $ | 47,381 |
Investing cash flows of discontinued operations | $ | (4,858) |  |  | $ | (14,158) |
Financing cash flows of discontinued operations | $ | (13,559) |  |  | $ | 20,797 |
The carrying amounts of the major classes of assets and liabilities that were classified as held for sale are presented in the following tables:
| March 31, 2021 |  | December 31, 2020
Assets of Discontinued Operations |  |  |
Cash and cash equivalents | $ | 272,108 |  |  | $ | 270,164 |
Receivables, net | 101,962 |  |  | 113,386 |
Property and equipment, net | 171,840 |  |  | 259,471 |
Goodwill and Tradenames | 1,163,536 |  |  | 1,202,496 |
Operating lease right-of-use assets, net | 101,572 |  |  | 136,806 |
Other assets | 217,545 |  |  | 183,742 |
Valuation allowance on held-for-sale disposal groups | (222,517) |  |  | (248,630) |
Total assets held for sale | $ | 1,806,046 |  |  | $ | 1,917,435 |
| March 31, 2021 |  | December 31, 2020
Liabilities of Discontinued Operations |  |  |
Deferred revenue and student deposits | $ | 116,489 |  |  | $ | 87,793 |
Operating leases, including current portion | 114,582 |  |  | 151,413 |
Long-term debt, seller notes and finance leases, including current portion | 116,646 |  |  | 171,451 |
Other liabilities | 265,993 |  |  | 291,599 |
Total liabilities held for sale | $ | 613,710 |  |  | $ | 702,256 |

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