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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The following table presents changes in the carrying value of goodwill by segment for the nine months ended September 30, 2021 (in thousands):

			U.S. Higher Education						Australia / New Zealand						Alternative Learning						Total
Balance as of December 31, 2020			$	732,075					$	586,451					$	—					$	1,318,526
Reporting unit reallocation(1)			(100,000)						—						100,000						—
Additions			—						—						—						—
Impairments			—						—						—						—
Currency translation adjustments			—						(38,567)						—						(38,567)
Adjustments to prior acquisitions(2)			—						262						—						262
Balance as of September 30, 2021			$	632,075					$	548,146					$	100,000					$	1,280,221

_____________________________________

(1)Represents the reallocation of goodwill as a result of the Company reorganizing its segments in the first quarter of 2021.

(2)Represents a measurement period adjustment recorded in the first quarter of 2021, as discussed in Note 3.

Schedule of Intangible Assets

The following table represents the balance of the Company’s intangible assets as of December 31, 2020 and September 30, 2021 (in thousands):

			December 31, 2020																		September 30, 2021
			Gross Carrying Amount						Accumulated Amortization						Net						Gross Carrying Amount						Accumulated Amortization						Net
Subject to amortization
Student relationships			$	202,861					$	(135,703)					$	67,158					$	201,052					$	(177,091)					$	23,961
Not subject to amortization
Trade names			259,262						—						259,262						254,404						—						254,404
Total			$	462,123					$	(135,703)					$	326,420					$	455,456					$	(177,091)					$	278,365

X

- Definition

Tabular disclosure of amortizable finite-lived intangible assets, in total and by major class, including the gross carrying amount and accumulated amortization, and indefinite-lived intangible assets not subject to amortization, excluding goodwill, in total and by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.

+ References

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- References

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X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: 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 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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