Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue From Contract With Customer [Abstract]

Summary of Disaggregation of Revenue by Major Source

The following table disaggregates our revenue by major source (dollars in thousands):

	For the Quarter Ended March 31, 2018
	CTU		AIU		All Other Campuses		Total
Tuition	$	90,734	$	51,131	$	331	$	142,196
Technology fees		2,874		1,840		-		4,714
Other miscellaneous fees⁽¹⁾		500		100		-		600
Total tuition and fees		94,108		53,071		331		147,510
Other revenue⁽²⁾		499		50		6		555
Total revenue	$	94,607	$	53,121	$	337	$	148,065


	For the Quarter Ended March 31, 2017
	CTU		AIU		All Other Campuses		Total
Tuition	$	90,205	$	52,219	$	13,709	$	156,133
Technology fees		2,793		1,858		-		4,651
Other miscellaneous fees⁽¹⁾		496		88		9		593
Total tuition and fees		93,494		54,165		13,718		161,377
Other revenue⁽²⁾		541		88		103		732
Total revenue	$	94,035	$	54,253	$	13,821	$	162,109

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(1)

Other miscellaneous fees include graduation fees, laboratory fees and activity fees.

(2)

Other revenue primarily includes contract training revenue and bookstore and laptop sales.

Schedule of Previously Reported Balances, Adjustment and Current Reported Balances

The previously reported balances along with the adjustment and beginning January 1, 2018 balances are provided below (dollars in thousands).


	December 31, 2017		Impact of Modified Retrospective Adoption of ASC 606		January 1, 2018 Post ASC 606 Adoption
Student receivables, net of allowance for doubtful accounts, current	$	18,875	$	6,663	$	25,538
Deferred revenue	$	22,897	$	6,663	$	29,560

Summary of Contract Assets Offset with Deferred Revenue Balances

The amount of contract assets which are being offset with deferred revenue balances as of January 1, 2018 and March 31, 2018 were as follows (dollars in thousands):

	As of
	January 1, 2018			March 31, 2018
Gross deferred revenue	$	39,544		$	45,582
Gross contract assets		(9,984	)		(15,304	)
Deferred revenue, net	$	29,560		$	30,278

Changes in Deferred Revenue Balances

Changes in our deferred revenue balances for the quarter ended March 31, 2018 were as follows (dollars in thousands):

	For the Quarter Ended March 31, 2018
	CTU			AIU			All Other Campuses			Total
Gross deferred revenue, January 1, 2018	$	23,933		$	15,507		$	104		$	39,544
Revenue earned from balances existing as of January 1, 2018		(20,623	)		(13,540	)		(38	)		(34,201	)
Billings during period		93,896			58,935			396			153,227
Revenue earned for new billings during the period		(73,485	)		(39,531	)		(293	)		(113,309	)
Other adjustments		304			44			(27	)		321
Gross deferred revenue, March 31, 2018	$	24,025		$	21,415		$	142		$	45,582