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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue From Contract With Customer [Abstract] |
Summary of Disaggregation of Revenue by Major Source |
|  | For the Quarter Ended September 30, 2022 |  |  | For the Quarter Ended September 30, 2021 |
|  | CTU (4) |  |  | AIUS (5) |  |  | Corporate and Other(6) |  |  | Total |  |  | CTU (4) |  |  | AIUS (5) |  |  | Corporate and Other(6) |  |  | Total |
Tuition, net (1) |  | $ | 91,765 |  |  | $ | 66,621 |  |  | $ | - |  |  | $ | 158,386 |  |  | $ | 98,730 |  |  | $ | 65,101 |  |  | $ | - |  |  | $ | 163,831 |
Technology fees |  |  | 4,630 |  |  |  | 2,856 |  |  |  | - |  |  |  | 7,486 |  |  |  | 5,339 |  |  |  | 2,962 |  |  |  | - |  |  |  | 8,301 |
Other miscellaneous fees (2) |  |  | 196 |  |  |  | 369 |  |  |  | - |  |  |  | 565 |  |  |  | 278 |  |  |  | 185 |  |  |  | - |  |  |  | 463 |
Total tuition and fees, net |  |  | 96,591 |  |  |  | 69,846 |  |  |  | - |  |  |  | 166,437 |  |  |  | 104,347 |  |  |  | 68,248 |  |  |  | - |  |  |  | 172,595 |
Other revenue (3) |  |  | 971 |  |  |  | 736 |  |  |  | 276 |  |  |  | 1,983 |  |  |  | 441 |  |  |  | 700 |  |  |  | 262 |  |  |  | 1,403 |
Total revenue |  | $ | 97,562 |  |  | $ | 70,582 |  |  | $ | 276 |  |  | $ | 168,420 |  |  | $ | 104,788 |  |  | $ | 68,948 |  |  | $ | 262 |  |  | $ | 173,998 |
|  | For the Year to Date Ended September 30, 2022 |  |  | For the Year to Date Ended September 30, 2021 |
|  | CTU (4) |  |  | AIUS (5) |  |  | Corporate and Other(6) |  |  | Total |  |  | CTU (4) |  |  | AIUS (5) |  |  | Corporate and Other(6) |  |  | Total |
Tuition, net (1) |  | $ | 293,520 |  |  | $ | 195,155 |  |  | $ | - |  |  | $ | 488,675 |  |  | $ | 294,058 |  |  | $ | 209,722 |  |  | $ | - |  |  | $ | 503,780 |
Technology fees |  |  | 14,730 |  |  |  | 8,895 |  |  |  | - |  |  |  | 23,625 |  |  |  | 16,352 |  |  |  | 8,630 |  |  |  | - |  |  |  | 24,982 |
Other miscellaneous fees (2) |  |  | 641 |  |  |  | 719 |  |  |  | - |  |  |  | 1,360 |  |  |  | 959 |  |  |  | 509 |  |  |  | - |  |  |  | 1,468 |
Total tuition and fees, net |  |  | 308,891 |  |  |  | 204,769 |  |  |  | - |  |  |  | 513,660 |  |  |  | 311,369 |  |  |  | 218,861 |  |  |  | - |  |  |  | 530,230 |
Other revenue (3) |  |  | 2,280 |  |  |  | 2,265 |  |  |  | 858 |  |  |  | 5,403 |  |  |  | 1,276 |  |  |  | 787 |  |  |  | 882 |  |  |  | 2,945 |
Total revenue |  | $ | 311,171 |  |  | $ | 207,034 |  |  | $ | 858 |  |  | $ | 519,063 |  |  | $ | 312,645 |  |  | $ | 219,648 |  |  | $ | 882 |  |  | $ | 533,175 |
__________________ (1) Tuition includes revenue earned for all degree-granting programs as well as revenue earned for non-degree professional development and continuing education offerings. (2) Other miscellaneous fees primarily include graduation fees. (3) Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue. (4) CTU includes revenue related to an acquisition completed on September 10, 2021. (5) AIUS includes revenue relat ed to an acquisition completed on July 1, 2022 and an acquisition completed on August 2, 2021. (6) Revenue recorded within Corporate and Other relates to miscellaneous non-student related revenue.
Summary of Deferred Revenue Balances Offset with Contract Assets | The amount of deferred revenue balances which are being offset with contract assets balances as of September 30, 2022 and December 31, 2021 were as follows (dollars in thousands):
|  | As of |
|  | September 30, 2022 |  |  | December 31, 2021 |
Gross deferred revenue |  | $ | 98,708 |  |  | $ | 113,719 |
Gross contract assets |  |  | (36,730 | ) |  |  | (43,106 | )
Deferred revenue, net |  | $ | 61,978 |  |  | $ | 70,613 |
Changes in Deferred Revenue Balances | Changes in our deferred revenue balances for the quarters and years to date ended September 30, 2022 and 2021 were as follows (dollars in thousands):
|  | For the Quarter Ended September 30, 2022 |  |  | For the Quarter Ended September 30, 2021 |
|  | CTU |  |  | AIUS |  |  | Total |  |  | CTU |  |  | AIUS |  |  | Total |
Gross deferred revenue, July 1 |  | $ | 28,857 |  |  | $ | 38,628 |  |  | $ | 67,485 |  |  | $ | 77,818 |  |  | $ | 43,649 |  |  | $ | 121,467 |
Business acquisitions, beginning balance |  |  | - |  |  |  | 2,419 |  |  |  | 2,419 |  |  |  | 3,952 |  |  |  | 1,404 |  |  |  | 5,356 |
Revenue earned from prior balances |  |  | (23,765 | ) |  |  | (31,375 | ) |  |  | (55,140 | ) |  |  | (66,878 | ) |  |  | (32,623 | ) |  |  | (99,501 | )
Billings during period(1) |  |  | 142,580 |  |  |  | 53,254 |  |  |  | 195,834 |  |  |  | 90,662 |  |  |  | 46,547 |  |  |  | 137,209 |
Revenue earned for new billings during the period |  |  | (72,826 | ) |  |  | (38,471 | ) |  |  | (111,297 | ) |  |  | (37,469 | ) |  |  | (35,625 | ) |  |  | (73,094 | )
Other adjustments |  |  | (1,003 | ) |  |  | 410 |  |  |  | (593 | ) |  |  | 951 |  |  |  | (301 | ) |  |  | 650 |
Gross deferred revenue, September 30 |  | $ | 73,843 |  |  | $ | 24,865 |  |  | $ | 98,708 |  |  | $ | 69,036 |  |  | $ | 23,051 |  |  | $ | 92,087 |
|  | For the Year to Date Ended September 30, 2022 |  |  | For the Year to Date Ended September 30, 2021 |
|  | CTU |  |  | AIUS |  |  | Total |  |  | CTU |  |  | AIUS |  |  | Total |
Gross deferred revenue, January 1 |  | $ | 64,674 |  |  | $ | 49,045 |  |  | $ | 113,719 |  |  | $ | 28,522 |  |  | $ | 56,880 |  |  | $ | 85,402 |
Business acquisitions, beginning balance |  |  | - |  |  |  | 2,419 |  |  |  | 2,419 |  |  |  | 3,952 |  |  |  | 1,404 |  |  |  | 5,356 |
Revenue earned from prior balances |  |  | (56,274 | ) |  |  | (39,219 | ) |  |  | (95,493 | ) |  |  | (26,183 | ) |  |  | (46,020 | ) |  |  | (72,203 | )
Billings during period(1) |  |  | 318,191 |  |  |  | 177,863 |  |  |  | 496,054 |  |  |  | 348,307 |  |  |  | 183,012 |  |  |  | 531,319 |
Revenue earned for new billings during the period |  |  | (252,617 | ) |  |  | (165,550 | ) |  |  | (418,167 | ) |  |  | (285,186 | ) |  |  | (172,841 | ) |  |  | (458,027 | )
Other adjustments |  |  | (131 | ) |  |  | 307 |  |  |  | 176 |  |  |  | (376 | ) |  |  | 616 |  |  |  | 240 |
Gross deferred revenue, September 30 |  | $ | 73,843 |  |  | $ | 24,865 |  |  | $ | 98,708 |  |  | $ | 69,036 |  |  | $ | 23,051 |  |  | $ | 92,087 |
______________ (1) Billings during period includes adjustments for prior billings.

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