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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 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 years ended December 31, 2016, 2017, and 2018 (in thousands):
|  | 2016 |  | 2017 |  | 2018
Strayer University Segment |  |  |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships |  | $ | 418,220 |  | $ | 433,938 |  | $ | 451,646
Other 1 |  |  | 16,933 |  |  | 15,609 |  |  | 19,458
Total Strayer University Segment |  |  | 435,153 |  |  | 449,547 |  |  | 471,104
Capella University Segment |  |  |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships |  |  | — |  |  | — |  |  | 147,138
Other 1 |  |  | — |  |  | — |  |  | 7,780
Total Capella University Segment |  |  | — |  |  | — |  |  | 154,918
Non-Degree Programs Segment 2 |  |  | 5,935 |  |  | 5,304 |  |  | 8,163
Consolidated revenue |  | $ | 441,088 |  | $ | 454,851 |  | $ | 634,185
(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 Graduation Fund for the years ended December 31, 2017 and 2018 (in thousands):
|  | December 31, 2017 |  |  | December 31, 2018 |
Balance at beginning of period |  | $ | 29,499 |  |  | $ | 37,400 |
Revenue deferred |  |  | 25,360 |  |  |  | 27,349 |
Benefit redeemed |  |  | (17,459) |  |  |  | (21,420) |
Balance at end of period |  | $ | 37,400 |  |  | $ | 43,329 |
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 consolidated income statement and balance sheet as of and for the year ended December 31, 2018 was as follows (in thousands):
|  | For the Year Ended December 31, 2018
|  | As Reported |  | Balances without Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
Income Statement |  |  |  |  |  |  |  |  |
Revenues |  | $ | 634,185 |  | $ | 634,248 |  | $ | (63)
Instruction and educational support expense |  |  | 340,076 |  |  | 340,083 |  |  | (7)
Benefit for income taxes |  |  | (3,468) |  |  | (3,453) |  |  | (15)
Net loss |  |  | (15,671) |  |  | (15,630) |  |  | (41)
|  | As of December 31, 2018
|  | As Reported |  | Balances without Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
Balance Sheet |  |  |  |  |  |  |  |  |
Tuition receivable – net |  | $ | 55,694 |  | $ | 54,660 |  | $ | 1,034
Other current assets |  |  | 15,814 |  |  | 17,142 |  |  | (1,328)
Income taxes payable |  |  | 419 |  |  | 500 |  |  | (81)
Retained earnings |  |  | 118,322 |  |  | 118,535 |  |  | (213)

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