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Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table presents changes in the carrying value of goodwill by segment for the three months ended March 31, 2024 (in thousands):
 U.S. Higher EducationAustralia /
New Zealand		Education Technology ServicesTotal
Balance as of December 31, 2023$632,075 $519,813 $100,000 $1,251,888 
Additions— — — — 
Impairments— — — — 
Currency translation adjustments— (22,006)— (22,006)
Balance as of March 31, 2024$632,075 $497,807 $100,000 $1,229,882 
The following table presents changes in the carrying value of goodwill by segment for the three months ended March 31, 2025 (in thousands):
 U.S. Higher EducationAustralia /
New Zealand		Education Technology ServicesTotal
Balance as of December 31, 2024$632,075 $474,808 $100,000 $1,206,883 
Additions— — — — 
Impairments— — — — 
Currency translation adjustments— 2,827 — 2,827 
Balance as of March 31, 2025$632,075 $477,635 $100,000 $1,209,710 
The Company assesses goodwill at least annually for impairment during the fourth quarter, or more frequently if events occur or circumstances change between annual tests that would more likely than not reduce the fair value of the respective reporting unit below its carrying amount. No events or circumstances occurred in the three months ended March 31, 2025 to indicate an impairment to goodwill at any of the Company’s segments. There were no impairment charges related to goodwill recorded during the three months ended March 31, 2024 and 2025.
Intangible Assets
Indefinite-lived intangible assets not subject to amortization consist of trade names. The Company assigned an indefinite useful life to its trade name intangible assets, as it is believed these assets have the ability to generate cash flows indefinitely. In addition, there are no legal, regulatory, contractual, economic, or other factors to limit the useful life of the trade name intangibles.
The following table presents changes in the carrying value of indefinite-lived intangible assets (in thousands):
For the three months ended March 31,
 20242025
Balance at beginning of period$251,623 $245,098 
Additions— — 
Impairments— — 
Currency translation adjustments(2,768)354 
Balance at end of period$248,855 $245,452 
The Company assesses indefinite-lived intangible assets at least annually for impairment during the fourth quarter, or more frequently if events occur or circumstances change between annual tests that would more likely than not reduce the fair value of the respective indefinite-lived intangible asset below its carrying amount. No events or circumstances occurred in the three months ended March 31, 2025 to indicate an impairment to indefinite-lived intangible assets. There were no impairment charges related to indefinite-lived intangible assets recorded during the three months ended March 31, 2024 and 2025.