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Subsequent Events
12 Months Ended
Dec. 31, 2018
Subsequent Event [Abstract]  
Subsequent Events

22.   Subsequent Events

 

In February 2019, to align compensation and benefit plans after completion of the merger with CEC, the Compensation Committee of the Company’s Board of Directors took action to terminate all deferred compensation arrangements, including for employees already participating in such arrangements. These changes affect the tax deductibility of certain arrangements, which will result in an approximately $11.5 million reduction to the Company’s deferred tax asset and an increase to the Company’s future effective tax rates and cash tax payments.

 

In January 2019, the Higher Learning Commission, Capella University’s accreditor, held its standard focused site visit six months after the change of control. It is expected that HLC will issue its final report in May 2019.