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Other Long-Term Liabilities | 9 Months Ended
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Sep. 30, 2017
Other Long-Term Liabilities [Abstract] |
Other Long-Term Liabilities | 7. Other Long-Term Liabilities Other long-term liabilities consist of the following (in thousands):
|  | December 31, 2016 |  | September 30, 2017 |
Deferred revenue, net of current portion |  | $ | 17,981 |  | $ | 18,274 |
Deferred rent and other facility costs |  |  | 8,251 |  |  | 7,406 |
Loss on facilities not in use |  |  | 7,813 |  |  | 6,227 |
Deferred payments related to acquisitions |  |  | 13,754 |  |  | 5,979 |
Lease incentives |  |  | 2,684 |  |  | 2,902 |
Other long-term liabilities |  | $ | 50,483 |  | $ | 40,788 |
Deferred Revenue The Company provides for certain scholarship and awards programs, such as the Graduation Fund (see Note 2 for additional information), that can be redeemed in the future by students after meeting certain eligibility requirements. The Company also has licensed certain of its non-credit bearing course content to a third party. Long-term deferred revenue represents the amount of revenue under these arrangements that the Company expects will be realized after one year. Deferred Rent and Other Facility Costs and Loss on Facilities Not in Use The Company records a liability for lease costs of campuses and non-campus facilities that are not currently in use (see Note 4). For facilities still in use, the Company records rent expense on a straight-line basis over the initial term of a lease. The difference between the rent payment and the straight-line rent expense is recorded as a liability. Deferred Payments Related to Acquisitions In the first quarter of 2016, the Company acquired NYCDA and entered into deferred payment arrangements with the sellers in connection with this transaction. In April and August 2016, NYCDA received state regulatory permits and the Company subsequently paid $6.0 million and $0.5 million of deferred payments to the sellers, respectively. The fair value of the deferred payment arrangements at September 30, 2017 is zero, and the maximum possible amount that could be paid is $11.5 million. See Note 3 for further information on the NYCDA deferred payments. In 2011, the Company acquired certain assets and entered into deferred payment arrangements with the sellers. The deferred payment arrangements are valued at approximately $3.4 million and $3.2 million as of December 31, 2016 and September 30, 2017, respectively. In addition, one of the sellers contributed $2.8 million to the Company representing the seller’s continuing interest in the assets acquired. Lease Incentives In conjunction with the opening of new campuses or renovating existing ones, the Company, in some instances, was reimbursed by the lessors for improvements made to the leased properties. In accordance with ASC 840-20, the underlying assets were capitalized as leasehold improvements and a liability was established for the reimbursements. The leasehold improvements and the liability are amortized on a straight-line basis over the corresponding lease terms, which generally range from five to ten years.

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