XML 32 R13.htm IDEA: XBRL DOCUMENT
v3.20.4

Restructuring and Related Charges | 12 Months Ended
--- | ---
Dec. 31, 2020
Restructuring and Related Activities [Abstract] |
Restructuring and Related Charges | Restructuring and Related Charges In October 2013, the Company implemented a restructuring to better align the Company’s resources with student enrollments at the time. This restructuring included the closing of 20 physical locations and reductions in the number of campus-based and corporate employees. At the time of this restructuring, a liability for lease obligations, some of which continue through 2022, was recorded and measured at fair value using a discounted cash flow approach encompassing significant unobservable inputs (Level 3). The estimation of future cash flows included non-cancelable contractual lease costs over the remaining terms of the leases discounted at the Company’s marginal borrowing rate of 4.5%, partially offset by estimated future sublease rental income discounted at credit-adjusted rates. In 2018 and 2019, the Company incurred personnel-related restructuring charges due to cost reduction efforts and management changes. These changes related to the integration of CEC in order to establish an efficient ongoing cost structure for the Company. The severance and other employee separation costs incurred in connection with the integration of CEC are included in Merger and integration costs on the consolidated statements of income (loss). In the third quarter of 2020, the Company began implementing a restructuring plan in an effort to reduce the ongoing operating costs of the Company to align with changes in enrollment following the COVID-19 pandemic. Under this plan, the Company has incurred, and will continue to incur through March 31, 2021, severance and other employee separation costs related to voluntary and involuntary employee terminations. In addition, the restructuring includes the closure of certain campus and corporate offices. During the year ended December 31, 2020, the Company recorded approximately $0.4 million in right-of-use lease asset impairment charges and early lease termination costs related to campus and corporate locations closed as a result of the restructuring plan. All severance and other employee separation charges, right-of-use lease asset impairment charges, and early lease termination costs related to this plan are included in Restructuring costs on the consolidated statements of income (loss). The following details the changes in the Company’s restructuring liability for the years ended December 31, 2018, 2019, and 2020 (in thousands):
|  |  | Severance and Other Employee Separation Costs |  |
| Lease and Related Costs, Net |  | CEC Integration Plan |  | 2020 Restructuring Plan |  | Total
Balance at December 31, 2017 | $ | 8,781 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,781 |
Restructuring and other charges | — |  |  | 16,319 |  |  | — |  |  | 16,319 |
Payments | (2,684) |  |  | (1,972) |  |  | — |  |  | (4,656) |
Adjustments(1) | 443 |  |  | — |  |  | — |  |  | 443 |
Balance at December 31, 2018 | 6,540 |  |  | 14,347 |  |  | — |  |  | 20,887 |
Restructuring and other charges | — |  |  | 3,920 |  |  | — |  |  | 3,920 |
Payments | — |  |  | (9,984) |  |  | — |  |  | (9,984) |
Adjustments(1) | (6,540) |  |  | — |  |  | — |  |  | (6,540) |
Balance at December 31, 2019(2) | — |  |  | 8,283 |  |  | — |  |  | 8,283 |
Restructuring and other charges | — |  |  | — |  |  | 11,967 |  |  | 11,967 |
Payments | — |  |  | (6,448) |  |  | (10,680) |  |  | (17,128) |
Adjustments | — |  |  | — |  |  | — |  |  | — |
Balance at December 31, 2020(2) | $ | — |  |  | $ | 1,835 |  |  | $ | 1,287 |  |  | $ | 3,122 |
___________________________________________________________ (1)For the year ended December 31, 2018, adjustments include accretion of interest on lease costs, partially offset by changes in the timing and expected income from subleases. For the year ended December 31, 2019, adjustments represent the impact of adopting ASC 842 on January 1, 2019. In accordance with ASC 842, the lease related restructuring liability balance as of December 31, 2018 was netted against the initial ROU lease asset recognized upon adoption. Asset retirement obligations related to these restructured properties are also included in the adjustments amount. (2)The current portion of restructuring liabilities was $6.4 million and $3.1 million as of December 31, 2019 and December 31, 2020, respectively, which are included in accounts payable and accrued expenses. The long-term portion is included in other long-term liabilities.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration