XML 26 R11.htm IDEA: XBRL DOCUMENT v3.25.2
Assets Held for Sale
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale Assets Held for Sale
Two of the Company’s subsidiaries that operate K-12 educational programs in Mexico are classified as held for sale under ASC 360-10-45-9, “Long-Lived Assets Classified as Held for Sale.” The sale of the K-12 campuses is intended to allow the Mexico segment to focus on its core business. The planned sale of this disposal group does not represent a strategic shift and therefore does not qualify for presentation as a discontinued operation in the Consolidated Financial Statements. In addition, several parcels of land at campuses in Mexico are classified as held for sale under ASC 360-10-45-9. The assets and liabilities are recorded at the lower of their carrying values or their estimated fair values less costs to sell. The carrying amounts of the major classes of assets and liabilities that were classified as held for sale are presented in the following table:

June 30, 2025December 31, 2024
Assets Held for Sale
Cash and cash equivalents$1,072 $246 
Receivables, net351 319 
Property and equipment, net2,238 2,897 
Operating lease right-of-use assets, net7,965 7,512 
Other assets41 — 
Total assets held for sale$11,667 $10,974 

Liabilities Held for Sale
Deferred revenue and student deposits$897 $756 
Operating leases, including current portion8,063 7,606 
Long-term debt, including current portion735 704 
Other liabilities861 603 
Total liabilities held for sale$10,556 $9,669 

The long-term debt balance represents a finance lease for property.