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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule 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, 2024 and 2025 (in thousands):
| For the three months ended June 30, |  | For the six months ended June 30,
| 2024 |  | 2025 |  | 2024 |  | 2025
U.S. Higher Education Segment |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships | $ | 207,571 |  |  | $ | 206,714 |  |  | $ | 417,302 |  |  | $ | 418,460 |
Other(1) | 9,042 |  |  | 8,921 |  |  | 18,547 |  |  | 18,183 |
Total U.S. Higher Education Segment | 216,613 |  |  | 215,635 |  |  | 435,849 |  |  | 436,643 |
Australia/New Zealand Segment |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships | 69,004 |  |  | 67,849 |  |  | 114,638 |  |  | 114,295 |
Other(1) | 2,126 |  |  | 1,295 |  |  | 3,867 |  |  | 3,109 |
Total Australia/New Zealand Segment | 71,130 |  |  | 69,144 |  |  | 118,505 |  |  | 117,404 |
Education Technology Services Segment(2) | 24,523 |  |  | 36,692 |  |  | 48,162 |  |  | 71,014 |
Consolidated revenue | $ | 312,266 |  |  | $ | 321,471 |  |  | $ | 602,516 |  |  | $ | 625,061 |
_________________________________________ (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 and administrative fees.
Schedule of Learn and Earn Liability | The table below presents activity in the contract liability related to the Learn and Earn Scholarship (in thousands):
| For the six months ended June 30,
| 2024 |  | 2025
Balance at beginning of period | $ | 44,480 |  |  | $ | 37,118 |
Revenue deferred | 9,431 |  |  | 10,883 |
Benefit redeemed | (11,358) |  |  | (9,603) |
Balance at end of period | $ | 42,553 |  |  | $ | 38,398 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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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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