XML 43 R30.htm IDEA: XBRL DOCUMENT v3.20.2

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary Financial Information by Reporting Segment

Summary financial information by reporting segment is as follows (dollars in thousands):

		For the Quarter Ended June 30,
		Revenue																Operating Income (Loss)
		2020				% of Total				2019				% of Total				2020				2019
CTU		$	100,193				56.9	%		$	96,555				61.7	%		$	33,076			$	12,113
AIU (1)			75,835				43.1	%			59,873				38.3	%			10,476				(4,217	)
Total University Group			176,028				100.0	%			156,428				100.0	%			43,552				7,896
Corporate and Other (2)			7			NM					13			NM					(6,184	)			(7,712	)
Total		$	176,035				100.0	%		$	156,441				100.0	%		$	37,368			$	184

		For the Year to Date Ended June 30,
		Revenue																Operating Income (Loss)
		2020				% of Total				2019				% of Total				2020				2019
CTU		$	203,781				58.7	%		$	193,612				61.6	%		$	67,695			$	41,804
AIU (1)			143,231				41.3	%			120,652				38.4	%			19,852				4,095
Total University Group			347,012				100.0	%			314,264				100.0	%			87,547				45,899
Corporate and Other (2)			17			NM					30				0.0	%			(12,876	)			(15,744	)
Total		$	347,029				100.0	%		$	314,294				100.0	%		$	74,671			$	30,155

		Total Assets as of  (3)
		June 30, 2020				December 31, 2019
CTU		$	97,489			$	100,414
AIU (1)			142,282				104,747
Total University Group			239,771				205,161
Corporate and Other (2)			415,247				393,904
Discontinued Operations			81				81
Total		$	655,099			$	599,146

(1) AIU results of operations and total assets include the Trident acquisition commencing on the March 2, 2020 date of acquisition and as of June 30, 2020.

(2) Corporate and Other includes results of operations and total assets for closed campuses.

(3) Total assets do not include intercompany receivable or payable activity between institutions and corporate and investments in subsidiaries.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration