XML 67 R48.htm IDEA: XBRL DOCUMENT
v3.20.4

Segment and Geographic Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Reporting [Abstract] |
Summary of Financial Information by Reportable Segment | A summary of financial information by reportable segment (in thousands) for the years ended December 31, 2018, 2019, and 2020 is presented in the following table:
| 2018 |  | 2019 |  | 2020
Revenues |  |  |  |  |
Strayer University | $ | 477,839 |  |  | $ | 536,969 |  |  | $ | 537,633 |
Capella University | 156,346 |  |  | 460,168 |  |  | 466,639 |
Australia/New Zealand | — |  |  | — |  |  | 23,381 |
Consolidated revenues | $ | 634,185 |  |  | $ | 997,137 |  |  | $ | 1,027,653 |
Income (loss) from operations |  |  |  |  |
Strayer University | $ | 62,294 |  |  | $ | 103,409 |  |  | $ | 120,398 |
Capella University | 6,314 |  |  | 90,713 |  |  | 92,638 |
Australia/New Zealand | — |  |  | — |  |  | (13,275) |
Amortization of intangible assets | (25,694) |  |  | (61,667) |  |  | (64,225) |
Merger and integration costs | (45,745) |  |  | (21,923) |  |  | (13,770) |
Restructuring costs | — |  |  | — |  |  | (12,382) |
Impairment of intangible assets | (19,909) |  |  | — |  |  | — |
Consolidated income (loss) from operations | $ | (22,740) |  |  | $ | 110,532 |  |  | $ | 109,384 |
The following table presents a schedule of significant non-cash items included in segment income (loss) from operations by reportable segment (in thousands):
| 2018 |  | 2019 |  | 2020
Depreciation and amortization |  |  |  |  |
Strayer University | $ | 20,427 |  |  | $ | 23,956 |  |  | $ | 24,570 |
Capella University | 7,693 |  |  | 18,837 |  |  | 18,080 |
Australia/New Zealand | — |  |  | — |  |  | 1,930 |
Amortization of intangible assets | 25,694 |  |  | 61,667 |  |  | 64,225 |
Merger and integration costs | 729 |  |  | 401 |  |  | — |
Restructuring costs | — |  |  | — |  |  | 349 |
Consolidated depreciation and amortization | $ | 54,543 |  |  | $ | 104,861 |  |  | $ | 109,154 |
Stock-Based compensation |  |  |  |  |
Strayer University | $ | 11,720 |  |  | $ | 5,970 |  |  | $ | 7,292 |
Capella University | 1,570 |  |  | 5,823 |  |  | 7,272 |
Australia/New Zealand | — |  |  | — |  |  | 46 |
Merger and integration costs | 2,242 |  |  | 367 |  |  | — |
Consolidated stock-based compensation | $ | 15,532 |  |  | $ | 12,160 |  |  | $ | 14,610 |
Long-lived Assets by Geographic Areas | The Company's long-lived assets by geographic area as of December 31, 2019 and 2020 were as follows (in thousands):
| December 31, 2019 |  | December 31, 2020
United States | $ | 201,807 |  |  | $ | 188,343 |
International | — |  |  | 91,198 |

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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