XML 37 R12.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Student Receivables | 12 Months Ended
--- | ---
Dec. 31, 2019
Receivables [Abstract] |
Student Receivables | 6. STUDENT RECEIVABLES Student receivables represent funds owed to us in exchange for the educational services provided to a student. Student receivables are reflected net of an allowance for doubtful accounts at the end of the reporting period. Student receivables, net, are reflected on our consolidated balance sheets as components of both current and non-current assets. We do not charge interest or fees on any of our payment plans. Generally, a student receivable balance is written off once a student is out of school and it reaches greater than 90 days past due. Although we analyze past due receivables, it is not practical to provide an aging of our non-current student receivable balances as a result of the methodology used in determining our earned student receivable balances. Student receivables are recognized on our consolidated balance sheets as they are deemed earned over the course of a student’s program and/or term, and therefore cash collections are not applied against specifically dated transactions. Our standard student receivable allowance estimation methodology considers a number of factors that, based on our collection experience, we believe have an impact on our repayment risk and ability to collect student receivables. Changes in the trends in any of these factors may impact our estimate of the allowance for doubtful accounts. These factors include, but are not limited to: internal repayment history, changes in the current economic, legislative or regulatory environments and the ability to complete the federal financial aid process with the student. These factors are monitored and assessed on a regular basis. Overall, our allowance estimation process for student receivables is validated by trending analysis and comparing estimated and actual performance over a 12 month and 24 month period. Student Receivables Under Extended Payment Plans As of December 31, 2019 and 2018, the amount of non-current student receivables under payment plans that are longer than 12 months in duration, net of allowance for doubtful accounts, was $1.2 million and $0.9 million, respectively. Student Receivables Valuation Allowance Changes in our current and non-current receivables allowance for the years ended December 31, 2019, 2018 and 2017 were as follows (dollars in thousands):
|  | Balance, Beginning of Period |  |  | Charges to Expense (1) |  |  | Amounts Written-off |  |  | Balance, End of Period |
For the year ended December 31, 2019 |  | $ | 24,836 |  |  | $ | 43,470 |  |  | $ | (36,342 | ) |  | $ | 31,964 |
For the year ended December 31, 2018 |  | $ | 22,534 |  |  | $ | 32,042 |  |  | $ | (29,740 | ) |  | $ | 24,836 |
For the year ended December 31, 2017 |  | $ | 23,142 |  |  | $ | 27,571 |  |  | $ | (28,179 | ) |  | $ | 22,534 |
(1) | Charges to expense include an offset for recoveries of amounts previously written off of $2.6 million, $5.7 million and $4.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.
Fair Value Measurements The carrying amount reported in our consolidated balance sheets for the current portion of student receivables approximates fair value because of the nature of these financial instruments as they generally have short maturity periods. It is not practicable to estimate the fair value of the non-current portion of student receivables, since observable market data is not readily available, and no reasonable estimation methodology exists.

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration