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Segment Reporting
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Strategic Education is an educational services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. Strategic Education’s portfolio of companies is dedicated to closing the skills gap by placing adults on the most direct path between learning and employment. The Company’s organizational structure includes three operating and reportable segments: U.S. Higher Education, Education Technology Services, and Australia/New Zealand.
The USHE segment provides flexible and affordable certificate and degree programs to working adults primarily through Capella University and Strayer University, including the Jack Welch Management Institute MBA, which is a unit of Strayer University. USHE also operates non-degree web and mobile application development courses through Hackbright Academy and Devmountain, which are units of Strayer University.
The Education Technology Services segment develops and maintains relationships with employers to build employee education benefits programs that provide employees access to affordable and industry-relevant training, certificate, and degree programs. The employer relationships developed by the Education Technology Services segment are an important source of student enrollment for Capella University and Strayer University, and a significant portion of the revenue attributed to the Education Technology Services segment is driven by the volume of enrollment derived from these employer relationships. Education Technology Services also supports employer partners through Workforce Edge, a platform which provides employers a full-service education benefits administration solution, and Sophia Learning, which offers low-cost online general education-level courses recommended by the American Council on Education for credit at other colleges and universities.
The Australia/New Zealand segment is comprised of Torrens University, Think Education, and Media Design School in Australia and New Zealand, which collectively offer certificate and degree programs in business, design, education, hospitality, healthcare, and technology through campuses in Australia, New Zealand, and online.
Revenue and operating expenses are generally directly attributable to the segments. Inter-segment revenues are not presented separately, as these amounts are immaterial. The Company’s Chief Operating Decision Maker does not evaluate operating segments using asset information.
A summary of financial information by reportable segment for the three and six months ended June 30, 2023 and 2024 is presented in the following table (in thousands):
For the three months ended June 30,For the six months ended June 30,
2023202420232024
Revenues
U.S. Higher Education$202,679 $216,613 $399,574 $435,849 
Australia/New Zealand65,472 71,130 106,975 118,505 
Education Technology Services19,529 24,523 37,737 48,162 
Consolidated revenues$287,680 $312,266 $544,286 $602,516 
Income from operations
U.S. Higher Education$6,741 $19,825 $16,330 $47,838 
Australia/New Zealand14,291 14,060 7,109 11,805 
Education Technology Services6,166 10,034 11,962 20,122 
Amortization of intangible assets(3,450)— (6,982)— 
Merger and integration costs(580)— (1,005)— 
Restructuring costs(6,351)(1,995)(11,946)3,515 
Consolidated income from operations$16,817 $41,924 $15,468 $83,280