XML 42 R28.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Business Acquisition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Business Combinations [Abstract] |
Summary of Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of assets acquired and liabilities assumed as of respective acquisition dates (dollars in thousands):
|  | Trident University |  |  | DigitalCrafts |  |  | Hippo |
|  | March 2, 2020 |  |  | August 2, 2021 |  |  | September 10, 2021 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | - |  |  | $ | - |  |  | $ | 93 |
Student receivables |  |  | 6,212 |  |  |  | 1,777 |  |  |  | 202 |
Other current assets |  |  | 912 |  |  |  | 4 |  |  |  | 25 |
Property and equipment |  |  | 3,932 |  |  |  | - |  |  |  | 27 |
Intangible assets subject to amortization |  |  |  |  |  |  |  |  |  |  |  |
Trade name |  |  | 1,000 |  |  |  | 740 |  |  |  | 3,340 |
Customer relationships |  |  | 8,000 |  |  |  | 200 |  |  |  | 14,100 |
Course curriculum |  |  | 1,400 |  |  |  | - |  |  |  | - |
Developed technology |  |  | - |  |  |  | 830 |  |  |  | 1,960 |
Goodwill |  |  | 30,956 |  |  |  | 16,477 |  |  |  | 27,790 |
Deferred tax asset |  |  | 454 |  |  |  | - |  |  |  | - |
Other non-current assets |  |  | 270 |  |  |  | - |  |  |  | - |
Total assets acquired |  | $ | 53,136 |  |  | $ | 20,028 |  |  | $ | 47,537 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and other accrued liabilities |  | $ | 2,622 |  |  | $ | 268 |  |  | $ | 315 |
Deferred revenue |  |  | 4,749 |  |  |  | 1,404 |  |  |  | 3,952 |
Loan discharge reserve |  |  | 1,900 |  |  |  | - |  |  |  | - |
Other long-term liabilities |  |  | 46 |  |  |  | - |  |  |  | - |
Total liabilities assumed |  | $ | 9,317 |  |  | $ | 1,672 |  |  | $ | 4,267 |
Net assets acquired |  | $ | 43,819 |  |  | $ | 18,356 |  |  | $ | 43,270 |

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

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration