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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

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)
		2023				% of Total				2022				% of Total				2023				2022
CTU (1)		$	120,552				67.0	%		$	97,562				57.9	%		$	34,491			$	31,506
AIUS (2)			59,226				32.9	%			70,582				41.9	%			15,602				9,590
Corporate and Other			145				0.1	%			276				0.2	%			(7,020	)			(11,772	)
Total		$	179,923				100.0	%		$	168,420				100.0	%		$	43,073			$	29,324

		For the Year to Date Ended September 30,
		Revenue																Operating Income (Loss)
		2023				% of Total				2022				% of Total				2023				2022
CTU (1)		$	364,336				64.8	%		$	311,171				59.9	%		$	118,632			$	107,540
AIUS (2)			197,128				35.1	%			207,034				39.9	%			44,683				29,846
Corporate and Other			621				0.1	%			858				0.2	%			(28,812	)			(30,423	)
Total		$	562,085				100.0	%		$	519,063				100.0	%		$	134,503			$	106,963

		Total Assets as of  (3)
		September 30, 2023				December 31, 2022
CTU		$	260,285			$	247,510
AIUS			193,118				185,943
Corporate and Other			572,631				523,915
Total		$	1,026,034			$	957,368

(1)CTU results of operations include the Coding Dojo acquisition commencing on the December 1, 2022 date of acquisition. Additionally, impairment of $7.4 million was recorded during the quarter ended September 30, 2023 related to certain definite-lived intangible assets.

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

(3)Total assets are presented on a condensed consolidated basis and 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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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