XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.23.3

Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Accounting Policies [Abstract] |
Schedule of Cash, Cash Equivalents, and Restricted Cash | The following table illustrates the reconciliation of cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows as of September 30, 2022 and 2023 (in thousands):
| As of September 30,
| 2022 |  | 2023
Cash and cash equivalents | $ | 262,757 |  |  | $ | 167,707 |
Restricted cash included in other current assets | 15,145 |  |  | 13,238 |
Restricted cash included in other assets | 500 |  |  | 500 |
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows | $ | 278,402 |  |  | $ | 181,445 |
Schedule of Tuition Receivable and Allowance for Credit Losses | The Company’s tuition receivable and allowance for credit losses were as follows as of December 31, 2022 and September 30, 2023 (in thousands):
| December 31, 2022 |  | September 30, 2023
Tuition receivable | $ | 110,066 |  |  | $ | 145,775 |
Allowance for credit losses | (47,113) |  |  | (48,346) |
Tuition receivable, net | $ | 62,953 |  |  | $ | 97,429 |
Schedule of Allowance for Credit Losses | The following table illustrates changes in the Company’s allowance for credit losses for the three and nine months ended September 30, 2022 and 2023 (in thousands).
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2022 |  | 2023 |  | 2022 |  | 2023
Allowance for credit losses, beginning of period | $ | 43,507 |  |  | $ | 45,877 |  |  | $ | 48,783 |  |  | $ | 47,113 |
Additions charged to expense | 11,895 |  |  | 14,880 |  |  | 27,899 |  |  | 37,138 |
Write-offs, net of recoveries | (10,462) |  |  | (12,411) |  |  | (31,742) |  |  | (35,905) |
Allowance for credit losses, end of period | $ | 44,940 |  |  | $ | 48,346 |  |  | $ | 44,940 |  |  | $ | 48,346 |
Schedule of Reconciliation of Shares Used to Calculate Basic and Diluted Earnings per Share | Set forth below is a reconciliation of shares used to calculate basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2023 (in thousands):
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2022 |  | 2023 |  | 2022 |  | 2023
Weighted average shares outstanding used to compute basic earnings per share | 23,550 |  |  | 23,365 |  |  | 23,765 |  |  | 23,415 |
Incremental shares issuable upon the assumed exercise of stock options | 3 |  |  | 3 |  |  | 3 |  |  | 4 |
Unvested restricted stock and restricted stock units | 349 |  |  | 502 |  |  | 258 |  |  | 533 |
Shares used to compute diluted earnings per share | 23,902 |  |  | 23,870 |  |  | 24,026 |  |  | 23,952 |
Anti-dilutive shares excluded from the diluted earnings per share calculation | 11 |  |  | 276 |  |  | 149 |  |  | 219 |

X
- Definition Tabular disclosure of total cash, cash and cash equivalents, and restricted cash. + References No definition available. + Details
Name: | stra_ScheduleOfCashAndRestrictedCashTableTextBlock
Namespace Prefix: | stra_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration