XML 51 R40.htm IDEA: XBRL DOCUMENT v3.25.1

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Information by Reportable Segment

A summary of financial information by reportable segment for the three months ended March 31, 2024 is presented in the following table (in thousands):

			U.S. Higher Education						Australia/New Zealand						Education Technology Services						Total
Revenues			$	219,236					$	47,375					$	23,639					$	290,250
Segment expenses
Direct segment expenses			175,695						45,209						12,429						233,333
Enterprise shared services allocation			15,528						4,421						1,122						21,071
Segment income (loss) from operations			$	28,013					$	(2,255)					$	10,088					$	35,846
Unallocated expenses
Restructuring costs																					5,510
Consolidated income from operations																					$	41,356
Other income																					1,794
Consolidated income before income taxes																					$	43,150

A summary of financial information by reportable segment for the three months ended March 31, 2025 is presented in the following table (in thousands):

			U.S. Higher Education						Australia/New Zealand						Education Technology Services						Total
Revenues			$	221,008					$	48,260					$	34,322					$	303,590
Segment expenses
Direct segment expenses			175,538						45,251						18,808						239,597
Enterprise shared services allocation			15,514						5,105						1,666						22,285
Segment income (loss) from operations			$	29,956					$	(2,096)					$	13,848					$	41,708
Unallocated expenses
Restructuring costs																					(1,914)
Consolidated income from operations																					$	39,794
Other income																					2,211
Consolidated income before income taxes																					$	42,005

The following table presents a schedule of significant non-cash items included in segment income (loss) from operations by reportable segment for the three months ended March 31, 2024 and 2025 (in thousands):

			For the three months ended March 31,
			2024						2025
Depreciation and amortization
U.S. Higher Education			$	7,828					$	7,625
Australia/New Zealand			2,446						2,338
Education Technology Services			795						1,114
Restructuring costs			—						118
Consolidated depreciation and amortization			$	11,069					$	11,195
Stock-based compensation
U.S. Higher Education			$	3,910					$	4,380
Australia/New Zealand			894						355
Education Technology Services			389						629
Restructuring costs			136						107
Consolidated stock-based compensation			$	5,329					$	5,471

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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