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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue From Contract With Customer [Abstract] |
Summary of Disaggregation of Revenue by Major Source | The following tables disaggregate our revenue by major source for the quarters ended March 31, 2024 and 2023 (dollars in thousands):
|  | For the Quarter Ended March 31, 2024 |  |  | For the Quarter Ended March 31, 2023 |
|  | CTU |  |  | AIUS |  |  | Corporate and Other |  |  | Total |  |  | CTU |  |  | AIUS |  |  | Corporate and Other |  |  | Total |
Tuition, net (1) |  | $ | 107,440 |  |  | $ | 51,829 |  |  | $ | - |  |  | $ | 159,269 |  |  | $ | 117,998 |  |  | $ | 66,645 |  |  | $ | - |  |  | $ | 184,643 |
Technology and other fees |  |  | 5,340 |  |  |  | 2,389 |  |  |  | - |  |  |  | 7,729 |  |  |  | 5,423 |  |  |  | 3,253 |  |  |  | - |  |  |  | 8,676 |
Total tuition and fees, net |  |  | 112,780 |  |  |  | 54,218 |  |  |  | - |  |  |  | 166,998 |  |  |  | 123,421 |  |  |  | 69,898 |  |  |  | - |  |  |  | 193,319 |
Other revenue (2) |  |  | 789 |  |  |  | 287 |  |  |  | 190 |  |  |  | 1,266 |  |  |  | 1,071 |  |  |  | 942 |  |  |  | 266 |  |  |  | 2,279 |
Total revenue |  | $ | 113,569 |  |  | $ | 54,505 |  |  | $ | 190 |  |  | $ | 168,264 |  |  | $ | 124,492 |  |  | $ | 70,840 |  |  | $ | 266 |  |  | $ | 195,598 |
__________________ (1) Tuition includes revenue earned for all degree-granting programs as well as revenue earned for non-degree and professional development programs. (2) Other revenue primarily includes contract training revenue and 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 March 31, 2024 and December 31, 2023 were as follows (dollars in thousands):
|  | As of |
|  | March 31, 2024 |  |  | December 31, 2023 |
Gross deferred revenue |  | $ | 118,939 |  |  | $ | 63,970 |
Gross contract assets |  | $ | (57,441 | ) |  |  | (26,755 | )
Deferred revenue, net |  | $ | 61,498 |  |  | $ | 37,215 |
Changes in Deferred Revenue Balances | Changes in our deferred revenue balances for the quarters ended March 31, 2024 and 2023 were as follows (dollars in thousands):
|  | For the Quarter Ended March 31, 2024 |  |  | For the Quarter Ended March 31, 2023 |
|  | CTU |  |  | AIUS |  |  | Total |  |  | CTU |  |  | AIUS |  |  | Total |
Gross deferred revenue, January 1 |  | $ | 42,531 |  |  | $ | 21,439 |  |  | $ | 63,970 |  |  | $ | 67,245 |  |  | $ | 39,955 |  |  | $ | 107,200 |
Revenue earned from prior balances |  |  | (35,052 | ) |  |  | (17,695 | ) |  |  | (52,747 | ) |  |  | (54,712 | ) |  |  | (29,753 | ) |  |  | (84,465 | )
Billings during period(1) |  |  | 152,877 |  |  |  | 69,777 |  |  |  | 222,654 |  |  |  | 100,012 |  |  |  | 53,132 |  |  |  | 153,144 |
Revenue earned for new billings during the period |  |  | (77,728 | ) |  |  | (36,523 | ) |  |  | (114,251 | ) |  |  | (68,709 | ) |  |  | (40,145 | ) |  |  | (108,854 | )
Other adjustments |  |  | (308 | ) |  |  | (379 | ) |  |  | (687 | ) |  |  | (1,464 | ) |  |  | 271 |  |  |  | (1,193 | )
Gross deferred revenue, March 31 |  | $ | 82,320 |  |  | $ | 36,619 |  |  | $ | 118,939 |  |  | $ | 42,372 |  |  | $ | 23,460 |  |  | $ | 65,832 |
______________ (1) Billings during period includes adjustments for prior billings.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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