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Subsequent Event
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Event

14. SUBSEQUENT EVENT

The Company completed the acquisition of substantially all of the assets and academic programs of California Southern University (“Cal Southern”), a regionally accredited university, effective July 1, 2022. The initial cash purchase price, net of cash received, was approximately $40 million. For the trailing twelve months ended June 30, 2022, Cal Southern had unaudited revenues of approximately $17.8 million. Cal Southern offers non-Title IV online associate, bachelors, masters and doctoral degrees, with a focus primarily in psychology, business management and risk management.