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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue From Contract With Customer [Abstract]

Summary of Disaggregation of Revenue by Major Source

The following tables disaggregate our revenue by major source (dollars in thousands):

		For the Quarter Ended June 30, 2018																For the Year to Date Ended June 30, 2018
		CTU				AIU				All Other Campuses				Total				CTU				AIU				All Other Campuses				Total
Tuition		$	89,291			$	46,654			$	160			$	136,105			$	180,025			$	97,785			$	491			$	278,301
Technology fees			2,857				1,784				-				4,641				5,731				3,624				-				9,355
Other miscellaneous fees(1)			489				90				19				598				989				190				19				1,198
Total tuition and fees			92,637				48,528				179				141,344				186,745				101,599				510				288,854
Other revenue(2)			629				51				12				692				1,128				101				18				1,247
Total revenue		$	93,266			$	48,579			$	191			$	142,036			$	187,873			$	101,700			$	528			$	290,101
		For the Quarter Ended June 30, 2017																For the Year to Date Ended June 30, 2017
		CTU				AIU				All Other Campuses				Total				CTU				AIU				All Other Campuses				Total
Tuition		$	87,355			$	44,436			$	8,697			$	140,488			$	177,560			$	96,655			$	22,406			$	296,621
Technology fees			2,769				1,597				-				4,366				5,562				3,455				-				9,017
Other miscellaneous fees(1)			526				117				10				653				1,022				205				19				1,246
Total tuition and fees			90,650				46,150				8,707				145,507				184,144				100,315				22,425				306,884
Other revenue(2)			554				65				96				715				1,095				153				199				1,447
Total revenue		$	91,204			$	46,215			$	8,803			$	146,222			$	185,239			$	100,468			$	22,624			$	308,331

__________________

(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 June 30, 2018 were as follows (dollars in thousands):

		As of
		January 1, 2018				June 30, 2018
Gross deferred revenue		$	39,544			$	37,260
Gross contract assets			(9,984	)			(14,210	)
Deferred revenue, net		$	29,560			$	23,050

Changes in Deferred Revenue Balances

Changes in our deferred revenue balances for the quarter and year to date ended June 30, 2018 were as follows (dollars in thousands):

		For the Quarter Ended June 30, 2018
		CTU				AIU				All Other Campuses				Total
Gross deferred revenue, April 1, 2018		$	24,025			$	21,415			$	142			$	45,582
Revenue earned from balances existing as of April 1, 2018			(22,347	)			(18,420	)			(142	)			(40,909	)
Billings during period(1)			92,201				40,457				99				132,757
Revenue earned for new billings during the period			(70,290	)			(30,108	)			(37	)			(100,435	)
Other adjustments			165				92				8				265
Gross deferred revenue, June 30, 2018		$	23,754			$	13,436			$	70			$	37,260
		For the Year to Date Ended June 30, 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			(22,210	)			(14,310	)			(104	)			(36,624	)
Billings during period(1)			186,097				99,392				495				285,984
Revenue earned for new billings during the period			(164,535	)			(87,289	)			(406	)			(252,230	)
Other adjustments			469				136				(19	)			586
Gross deferred revenue, June 30, 2018		$	23,754			$	13,436			$	70			$	37,260

______________

(1) Billings during period includes adjustments for prior billings.

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