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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Summary of Disaggregation of Revenue from Contracts with Customers | The following table presents the Company’s revenues from contracts with customers disaggregated by material revenue category for the three and six months ended June 30, 2022 and 2023 (in thousands):
| For the three months ended June 30, |  | For the six months ended June 30,
| 2022 |  | 2023 |  | 2022 |  | 2023
U.S. Higher Education Segment |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships | $ | 181,374 |  |  | $ | 195,144 |  |  | $ | 368,729 |  |  | $ | 383,924 |
Other(1) | 8,652 |  |  | 7,535 |  |  | 17,063 |  |  | 15,650 |
Total U.S. Higher Education Segment | 190,026 |  |  | 202,679 |  |  | 385,792 |  |  | 399,574 |
Australia/New Zealand Segment |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships | 65,847 |  |  | 63,766 |  |  | 113,383 |  |  | 104,188 |
Other(1) | 1,696 |  |  | 1,706 |  |  | 2,672 |  |  | 2,787 |
Total Australia/New Zealand Segment | 67,543 |  |  | 65,472 |  |  | 116,055 |  |  | 106,975 |
Education Technology Services Segment(2) | 15,995 |  |  | 19,529 |  |  | 30,572 |  |  | 37,737 |
Consolidated revenue | $ | 273,564 |  |  | $ | 287,680 |  |  | $ | 532,419 |  |  | $ | 544,286 |
_________________________________________ (1)Other revenue is primarily comprised of academic fees, sales of course materials, placement fees and other non-tuition revenue streams. (2)Education Technology Services revenue is primarily derived from tuition revenue.
Schedule of Graduation Fund liability | The table below presents activity in the contract liability related to the Graduation Fund (in thousands):
| For the six months ended June 30,
| 2022 |  | 2023
Balance at beginning of period | $ | 52,024 |  |  | $ | 46,842 |
Revenue deferred | 8,774 |  |  | 9,875 |
Benefit redeemed | (10,656) |  |  | (11,391) |
Balance at end of period | $ | 50,142 |  |  | $ | 45,326 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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