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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30,
		Revenue																Operating Income (Loss)
		2022				% of Total				2021				% of Total				2022				2021
CTU (1)		$	97,562				57.9	%		$	104,788				60.2	%		$	31,506			$	41,217
AIUS (2)			70,582				41.9	%			68,948				39.6	%			9,590				8,334
Corporate and Other (3)			276				0.2	%			262				0.2	%			(11,772	)			(11,690	)
Total		$	168,420				100.0	%		$	173,998				100.0	%		$	29,324			$	37,861

		For the Year to Date Ended September 30,
		Revenue																Operating Income (Loss)
		2022				% of Total				2021				% of Total				2022				2021
CTU (1)		$	311,171				59.9	%		$	312,645				58.6	%		$	107,540			$	112,758
AIUS (2)			207,034				39.9	%			219,648				41.2	%			29,846				28,875
Corporate and Other (3)			858				0.2	%			882				0.2	%			(30,423	)			(27,193	)
Total		$	519,063				100.0	%		$	533,175				100.0	%		$	106,963			$	114,440

		Total Assets as of  (4)
		September 30, 2022				December 31, 2021
CTU		$	159,627			$	153,072
AIUS			185,727				151,407
Corporate and Other (3)			553,849				542,954
Total		$	899,203			$	847,433

(1)CTU results of operations include the Hippo acquisition commencing on the September 10, 2021 date of acquisition.

(2)AIUS results of operations include the CalSouthern acquisition commencing on the July 1, 2022 date of acquisition and the DigitalCrafts acquisition commencing on the August 2, 2021 date of acquisition.

(3)Corporate and Other includes results of operations and total assets for closed campuses. Revenue recorded within Corporate and Other relates to miscellaneous non-student related revenue.

(4)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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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