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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2018
Summary of disaggregation of revenue | The following table presents the Company’s revenues from contracts with customers disaggregated by material revenue category for the three and nine months ended September 30, 2017 and 2018 (in thousands):
|  | For the three months ended |  | For the nine months ended
|  | September 30, |  | September 30,
|  | 2017 |  | 2018 |  | 2017 |  | 2018
Strayer Segment |  |  |  |  |  |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships |  | $ | 103,453 |  | $ | 107,804 |  | $ | 320,658 |  | $ | 328,613
Other 1 |  |  | 3,868 |  |  | 6,667 |  |  | 11,436 |  |  | 15,031
Total Strayer Segment |  |  | 107,321 |  |  | 114,471 |  |  | 332,094 |  |  | 343,644
Capella Segment |  |  |  |  |  |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships |  |  | — |  |  | 40,749 |  |  | — |  |  | 40,749
Other 1 |  |  | — |  |  | 3,043 |  |  | — |  |  | 3,043
Total Capella Segment |  |  | — |  |  | 43,792 |  |  | — |  |  | 43,792
Non-Degree Programs Segment 2 |  |  | 1,191 |  |  | 2,682 |  |  | 4,050 |  |  | 4,646
Consolidated revenue |  | $ | 108,512 |  | $ | 160,945 |  | $ | 336,144 |  | $ | 392,082
(1) Other revenue is primarily comprised of academic fees, sales of textbooks, other course materials, and other revenue streams. (2) Non-Degree Programs revenue is primarily comprised of tuition revenue and placement fee revenue.
Schedule of graduation fund liability | The table below presents activity in the contract liability related to the Graduation Fund for the nine months ended September 30, 2017 and 2018 (in thousands):
|  | September 30, |  |  | September 30, |
|  | 2017 |  |  | 2018 |
Balance at beginning of period |  | $ | 29,499 |  |  | $ | 37,400 |
Revenue deferred |  |  | 17,494 |  |  |  | 18,791 |
Benefit redeemed |  |  | (12,551) |  |  |  | (15,792) |
Balance at end of period |  | $ | 34,442 |  |  | $ | 40,399 |
Accounting Standards Update 2014-09 |
Summary of impact of ASU adoption | In accordance with ASC 606, the disclosure of the impact of adoption on the Company’s unaudited condensed consolidated income statement and balance sheet as of and for the three and nine months ended September 30, 2018 was as follows (in thousands):
|  | For the Three Months Ended September 30, 2018
|  | As Reported |  | Balances without Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
Income Statement |  |  |  |  |  |  |  |  |
Revenues |  | $ | 160,945 |  | $ | 160,294 |  | $ | 651
Instruction and educational support expense |  |  | 93,290 |  |  | 92,626 |  |  | 664
Benefit for income taxes |  |  | (3,236) |  |  | (3,233) |  |  | (3)
Net loss |  |  | (52,781) |  |  | (52,771) |  |  | (10)
|  | For the Nine Months Ended September 30, 2018
|  | As Reported |  | Balances without Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
Income Statement |  |  |  |  |  |  |  |  |
Revenues |  | $ | 392,082 |  | $ | 391,181 |  | $ | 901
Instruction and educational support expense |  |  | 221,756 |  |  | 220,745 |  |  | 1,011
Benefit for income taxes |  |  | (1,643) |  |  | (1,613) |  |  | (30)
Net loss |  |  | (38,126) |  |  | (38,046) |  |  | (80)
|  | As of September 30, 2018
|  | As Reported |  | Balances without Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
Balance Sheet |  |  |  |  |  |  |  |  |
Tuition receivable – net |  | $ | 52,527 |  | $ | 50,529 |  | $ | 1,998
Other current assets |  |  | 17,367 |  |  | 19,713 |  |  | (2,346)
Income taxes receivable |  |  | 6,995 |  |  | 6,899 |  |  | 96
Retained earnings |  |  | 106,907 |  |  | 107,159 |  |  | (252)

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