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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

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)
		2021				% of Total				2020				% of Total				2021				2020
CTU		$	102,035				58.1	%		$	100,193				56.9	%		$	35,398			$	33,076
AIU			73,223				41.7	%			75,835				43.1	%			9,218				10,476
Corporate and Other (1)			281				0.2	%			7				0.0	%			(8,654	)			(6,184	)
Total		$	175,539				100.0	%		$	176,035				100.0	%		$	35,962			$	37,368

		For the Year to Date Ended June 30,
		Revenue																Operating Income (Loss)
		2021				% of Total				2020				% of Total				2021				2020
CTU		$	207,857				57.9	%		$	203,781				58.7	%		$	71,541			$	67,695
AIU (2)			150,700				42.0	%			143,231				41.3	%			20,541				19,852
Corporate and Other (1)			620				0.1	%			17				0.0	%			(15,503	)			(12,876	)
Total		$	359,177				100.0	%		$	347,029				100.0	%		$	76,579			$	74,671

		Total Assets as of  (3)
		June 30, 2021				December 31, 2020
CTU		$	113,450			$	96,922
AIU			146,863				141,602
Corporate and Other (1)			526,106				482,993
Total		$	786,419			$	721,517

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

(2) AIU’s revenue and operating income for the year to date ended June 30, 2020, include results of operations related to Trident from the March 2, 2020 date of acquisition and therefore do not reflect a full period of activity for Trident.

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

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- 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

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- References

No definition available.

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