<SEC-DOCUMENT>0001013934-25-000039.txt : 20251106
<SEC-HEADER>0001013934-25-000039.hdr.sgml : 20251106
<ACCEPTANCE-DATETIME>20251106064825
ACCESSION NUMBER:		0001013934-25-000039
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20251106
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20251106
DATE AS OF CHANGE:		20251106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Strategic Education, Inc.
		CENTRAL INDEX KEY:			0001013934
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				521975978
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21039
		FILM NUMBER:		251456026

	BUSINESS ADDRESS:	
		STREET 1:		2303 DULLES STATION BOULEVARD
		CITY:			HERNDON
		STATE:			VA
		ZIP:			20171
		BUSINESS PHONE:		703-561-1600

	MAIL ADDRESS:	
		STREET 1:		2303 DULLES STATION BOULEVARD
		CITY:			HERNDON
		STATE:			VA
		ZIP:			20171

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STRAYER EDUCATION INC
		DATE OF NAME CHANGE:	19960510
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>stra-20251106.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version='1.0' encoding='ASCII'?>
<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:d18c2110-943a-42d5-bba8-d9ce22a0a425,g:b9c5f9f9-33d6-49c9-b8e6-910d17174d7a,d:26b0df713e3f4765a0a300b4dcae0634-->
<html xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns="http://www.w3.org/1999/xhtml" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>stra-20251106</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="c-1" name="dei:EntityCentralIndexKey" id="f-21">0001013934</ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="dei:AmendmentFlag" format="ixt:fixed-false" id="f-22">FALSE</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="stra-20251106.xsd"/></ix:references><ix:resources><xbrli:context id="c-1"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001013934</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-11-06</xbrli:startDate><xbrli:endDate>2025-11-06</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i26b0df713e3f4765a0a300b4dcae0634_1"></div><div style="min-height:21.6pt;width:100%"><div style="margin-bottom:8pt"><span><br/></span></div></div><div style="-sec-extract:summary"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES<br/>SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:18pt;font-weight:700;line-height:120%">FORM&#160;<ix:nonNumeric contextRef="c-1" name="dei:DocumentType" id="f-1">8-K</ix:nonNumeric></span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT<br/>Pursuant to Section&#160;13 or 15(d)&#160;of<br/>the Securities Exchange Act of 1934</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported): <ix:nonNumeric contextRef="c-1" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="f-2">November 6, 2025</ix:nonNumeric> </span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:18pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityRegistrantName" id="f-3">Strategic Education,&#160;Inc.</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(Exact Name of Registrant as Specified in Charter)</span></div><div style="margin-top:0.05pt;text-align:center"><span><br/></span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:33.405%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.320%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:28.847%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.753%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:31.975%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.4pt;padding-right:0.4pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="f-4">Maryland</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.92pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityFileNumber" id="f-5">0-21039</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.92pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityTaxIdentificationNumber" id="f-6">52-1975978</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.92pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(State or Other Jurisdiction of Incorporation)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.92pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(Commission File Number)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.92pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(I.R.S. Employer Identification No.)</span></div></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressAddressLine1" id="f-7">2303 Dulles Station Boulevard</ix:nonNumeric></span></div><div style="margin-bottom:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressCityOrTown" id="f-8">Herndon</ix:nonNumeric>, <ix:nonNumeric contextRef="c-1" name="dei:EntityAddressStateOrProvince" id="f-9">VA</ix:nonNumeric> <ix:nonNumeric contextRef="c-1" name="dei:EntityAddressPostalZipCode" id="f-10">20171</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%"><br/>(Address of Principal Executive Offices) (Zip Code)</span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="c-1" name="dei:CityAreaCode" id="f-11">703</ix:nonNumeric>) <ix:nonNumeric contextRef="c-1" name="dei:LocalPhoneNumber" id="f-12">561-1600</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><br/>(Registrant&#8217;s telephone number, including area code)</span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">N/A</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><br/>(Former Name or Former Address, if Changed Since Last Report)</span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:WrittenCommunications" format="ixt:fixed-false" id="f-13">&#9744;</ix:nonNumeric> </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)&#160;</span></div><div style="margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:SolicitingMaterial" format="ixt:fixed-false" id="f-14">&#9744;</ix:nonNumeric> </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)&#160;</span></div><div style="margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementTenderOffer" format="ixt:fixed-false" id="f-15">&#9744;</ix:nonNumeric> </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))&#160;</span></div><div style="margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementIssuerTenderOffer" format="ixt:fixed-false" id="f-16">&#9744;</ix:nonNumeric> </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div style="margin-top:0.05pt"><span><br/></span></div><div style="margin-bottom:6pt;margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Securities Registered Pursuant to Section 12(b) of the Exchange Act:</span></div><div style="margin-bottom:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:26.692%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.692%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:2.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:36.044%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%">Title of each class</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%">Trading Symbol(s)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%"><ix:nonNumeric contextRef="c-1" name="dei:Security12bTitle" id="f-17">Common Stock, $0.01 par value</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%"><ix:nonNumeric contextRef="c-1" name="dei:TradingSymbol" id="f-18">STRA</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%"><ix:nonNumeric contextRef="c-1" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-19">Nasdaq Global Select Market</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company <ix:nonNumeric contextRef="c-1" name="dei:EntityEmergingGrowthCompany" format="ixt:fixed-false" id="f-20">&#9744;</ix:nonNumeric></span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a)&#160;of the Exchange Act. &#9744;</span></div><div style="height:39.6pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:8pt"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:21.6pt;width:100%"><div style="margin-bottom:8pt"><span><br/></span></div></div><div style="margin-top:0.05pt"><span><br/></span></div><div style="margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Item 2.02.</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Results of Operations and Financial Condition.</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On November&#160;6, 2025, Strategic Education, Inc. (&#8220;Strategic Education&#8221;) issued a press release announcing its financial results for the period ended September&#160;30, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and is hereby incorporated by reference into this Item 2.02.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed &#8220;filed&#8221; with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by Strategic Education under the Securities Act of 1933, as amended.</span></div><div style="margin-top:11.25pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01.</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> &#160;&#160;&#160;&#160; </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Financial Statements and Exhibits.</span></div><div style="margin-top:11.25pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(d)&#160;Exhibits.</span></div><div><span><br/></span></div><div style="margin-bottom:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:17.341%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.838%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:79.421%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.31pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit</span></div><div style="padding-right:-1.31pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Number</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:125%">Description</span></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="6" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:8pt;padding-right:-1.31pt;text-align:center"><span style="color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%;text-decoration:underline" href="stra-20251106xexhibit991.htm">99.1</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:8pt"><span style="color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%;text-decoration:underline" href="stra-20251106xexhibit991.htm">Press Release dated </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%;text-decoration:underline" href="stra-20251106xexhibit991.htm">November 6</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%;text-decoration:underline" href="stra-20251106xexhibit991.htm">, 2025</a></span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%">104</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:7.5pt;font-weight:400;line-height:125%">&#160;&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:125%">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr></table></div><div><span><br/></span></div><div style="height:39.6pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:8pt"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:21.6pt;width:100%"><div style="margin-bottom:8pt"><span><br/></span></div></div><div style="margin-top:0.05pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-top:0.05pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:0.05pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="margin-top:0.05pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div><span><br/></span></div><div style="margin-bottom:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:48.640%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:3.575%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:44.485%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:1.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">STRATEGIC EDUCATION,&#160;INC.</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Date: November&#160;6, 2025</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">By:</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">/s/ Daniel W. Jackson</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Daniel W. Jackson</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5pt;font-weight:400;line-height:120%">&#160;</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.8pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Executive Vice President and Chief Financial Officer</span></div></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:0.05pt"><span><br/></span></div><div style="margin-top:0.05pt"><span><br/></span></div><div style="height:39.6pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:8pt"><span><br/></span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>stra-20251106xexhibit991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2025 Workiva -->
<title>Document</title></head><body><div id="i5ee79c48d7e14bb59183cedc87262158_1"></div><div style="min-height:45pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 99.1</font></div></div><div style="padding-right:-27pt;text-align:right"><font style="color:#ff0000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font><font style="color:#ff0000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#ff0000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">             </font></div><div style="padding-right:-27pt;text-align:right"><font style="color:#333399;font-family:'Arial',sans-serif;font-size:22pt;font-weight:700;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><img alt="image_0a.jpg" src="image_0a.jpg" style="height:78px;margin-bottom:5pt;vertical-align:text-bottom;width:224px"></div><div style="padding-right:-36pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-style:italic;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">STRATEGIC EDUCATION, INC. REPORTS THIRD QUARTER 2025 RESULTS </font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Education Technology Services revenue up 46% YOY and operating income up 48% YOY</font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Sophia Learning revenue and subscribers up 42% YOY </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"> </font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">U.S. Higher Education's healthcare portfolio total enrollment increased 7% YOY  </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"> </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">HERNDON, Va., November 6, 2025 &#8213; </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Strategic Education, Inc. (Strategic Education)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%"> (NASDAQ&#58; STRA) today announced financial results for the period ended September 30, 2025.   </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">STRATEGIC EDUCATION CONSOLIDATED RESULTS</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Three Months Ended September 30 </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Revenue increased 4.6% to $319.9 million compared to $306.0 million for the same period in 2024, driven by strength within the Education Technology Services segment. Revenue on a constant currency basis, which is a non-GAAP financial measure, increased 5.1% to $321.7 million in the third quarter of 2025 compared to $306.0 million for the same period in 2024. For more details on non-GAAP financial measures used in this press release, refer to the information in the Non-GAAP Financial Measures section of this press release.</font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Income from operations was $37.0 million or 11.6% of revenue, compared to $36.3 million or 11.9% of revenue for the same period in 2024. Adjusted income from operations on a constant currency basis, which is a non-GAAP financial measure, was $51.7 million compared to $37.1 million for the same period in 2024. Adjusted income from operations excludes one-time charges associated with restructuring activities conducted during the quarter. The adjusted operating income margin on a constant currency basis, which is a non-GAAP financial measure, was 16.1% compared to 12.1% for the same period in 2024.  </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Net income was $26.6 million compared to $27.7 million for the same period in 2024. Adjusted net income on a constant currency basis, which is a non-GAAP financial measure, was $38.0 million compared to $27.9 million for the same period in 2024.       </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Adjusted EBITDA, which is a non-GAAP financial measure, was $69.6 million compared to $56.2 million for the same period in 2024.     </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Diluted earnings per share was $1.15, unchanged from the same period in 2024. Adjusted diluted earnings per share on a constant currency basis, which is a non-GAAP financial measure, increased to $1.64 from $1.16 for the same period in 2024. Diluted weighted average shares outstanding decreased to 23,209,000 from 24,173,000 for the same period in 2024. During the three months ended September 30, 2025, the Company repurchased 428,837 shares of common stock for $34.3 million, and has repurchased 1,145,983 shares for $94.3 million through the first nine months of 2025.   </font></div><div style="margin-top:8pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Education Technology Services Segment Highlights</font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">For the third quarter, average total subscribers at Sophia Learning increased approximately 42% from the same period in 2024, and Sophia Learning revenue increased 42.2% to $17.8 million compared to $12.5 million for the same period in 2024. </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">As of September 30, 2025, Workforce Edge had a total of 80 corporate agreements, collectively employing approximately 3,870,000 employees.  </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">ETS revenue increased 45.6% to $38.3 million in the third quarter of 2025 compared to $26.3 million for the same period in 2024, driven by growth in Sophia Learning subscriptions, higher employer affiliated enrollment, and revenue from new Workforce Edge employer partnerships. </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">ETS income from operations was $16.0 million in the third quarter of 2025 compared to $10.8 million for the same period in 2024. The operating income margin was 41.7% compared to 41.0% for the same period in 2024.  </font></div><div style="margin-top:8pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">U.S. Higher Education Segment Highlights</font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">For the third quarter, student enrollment within USHE decreased 1.0% to 85,640 compared to 86,533 for the same period in 2024. Our ongoing focus on employers is generating consistent growth in employer affiliated enrollment, but in the third quarter was again offset by a decline in unaffiliated enrollment. Employer affiliated enrollment in the third quarter hit a new all-time high of 32.7% of USHE enrollment, up from 29.8% during the same period in 2024.     </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">USHE&#8217;s healthcare portfolio generated strong total enrollment growth during the third quarter, increasing 7% from the same period in 2024 and now comprises 49% of USHE total enrollment compared to 46% for the same period in 2024. Of USHE&#8217;s total healthcare enrollment, approximately 37% is from employer partners.</font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">For the third quarter, FlexPath enrollment was 24% of USHE enrollment, consistent with the same period in 2024. Healthcare programs comprise 75% of FlexPath enrollment.        </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Revenue increased 2.6% to $213.1 million in the third quarter of 2025 compared to $207.7 million for the same period in 2024, driven by higher third quarter revenue per student.   </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Income from operations was $22.9 million in the third quarter of 2025 compared to $11.4 million for the same period in 2024. The operating income margin was 10.7% compared to 5.5% for the same period in 2024.  </font></div><div style="margin-top:8pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Australia&#47;New Zealand Segment Highlights </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">For the third quarter, student enrollment within ANZ decreased 2.1% to 18,808 compared to 19,205 for the same period in 2024. Lower international enrollment, resulting from regulatory changes in Australia, was partially offset by progress growing domestic enrollment, which is expected to be a bigger driver of future growth. </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Revenue decreased 4.7% to $68.6 million in the third quarter of 2025 compared to $71.9 million for the same period in 2024, driven by lower third quarter student enrollment and lower revenue per student due to foreign currency exchange. Revenue on a constant currency basis, which is a non-GAAP financial measure, decreased 2.3% to $70.3 million in the third quarter of 2025 compared to $71.9 million for the same period in 2024, driven by lower third quarter student enrollment.    </font></div><div style="margin-top:8pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Income from operations was $12.5 million in the third quarter of 2025 compared to $14.8 million for the same period in 2024. The operating income margin was 18.2% compared to 20.6% for the same period in 2024. Income from operations on a constant currency basis, which is a non-GAAP financial measure, was $12.9 million in the third quarter of 2025 compared to $14.8 million for the same period in 2024. The operating income margin on a constant currency basis, which is a non-GAAP financial measure, was 18.3% compared to 20.6% for the same period in 2024.  </font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="margin-top:8pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">BALANCE SHEET AND CASH FLOW</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">At September 30, 2025, Strategic Education had cash, cash equivalents, and marketable securities of $182.6 million and no debt outstanding under its revolving credit facility. For the first nine months of 2025, cash provided by operations was $159.0 million compared to $153.4 million for the same period in 2024. Capital expenditures for the first nine months of 2025 were $32.0 million compared to $29.3 million for the same period in 2024. Capital expenditures including cloud computing investments, which flow through operating cash flow within other assets, for the first nine months of 2025 were $45.2 million compared to $41.6 million for the same period in 2024. Free cash flow for the first nine months of 2025, which is a non-GAAP financial measure, was $127.0 million compared to $124.1 million for the same period in 2024. </font></div><div style="margin-top:8pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">For the third quarter of 2025, consolidated bad debt expense as a percentage of revenue was 4.7% compared to 4.5% of revenue for the same period in 2024.  </font></div><div style="margin-top:8pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">COMMON STOCK CASH DIVIDEND</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">  </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Strategic Education announced today that it declared a regular, quarterly cash dividend of $0.60 per share of common stock. This dividend will be paid on December 8, 2025 to shareholders of record as of December 1, 2025. </font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">CONFERENCE CALL WITH MANAGEMENT</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">Strategic Education will host a conference call to discuss its third quarter 2025 results at 10&#58;00 a.m. (ET) today. This call will be available via webcast. To access the live webcast of the conference call, please go to </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">www.strategiceducation.com</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%"> in the </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Investor Relations</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%"> section 15 minutes prior to the start time of the call to register. An earnings release presentation will also be posted to </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">www.strategiceducation.com</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%"> in the </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Investor Relations</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%"> section. Following the call, the webcast will be archived and available at </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">www.strategiceducation.com</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%"> in the </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Investor Relations</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%"> section. To participate in the live call, investors should </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">register here</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%"> prior to the call to receive dial-in information and a PIN.  </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">About Strategic Education, Inc. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Strategic Education, Inc. (NASDAQ&#58; STRA) (</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.strategiceducation.com</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">) is dedicated to helping advance economic mobility through higher education. We primarily serve working adult students globally through our core focus areas&#58; 1) Education Technology Services, developing and maintaining relationships with employers to build education benefits programs providing employees access to affordable and industry-relevant training, certificate, and degree programs, including through Workforce Edge, a full-service education benefits administration solution for employers, and Sophia Learning, which offers low-cost online general education-level courses that are ACE-recommended for college credit&#59; 2) U.S. Higher Education, including Capella University and Strayer University, each institutionally accredited, and collectively offering flexible and affordable associate, bachelor&#8217;s, master&#8217;s, and doctoral programs&#59; and 3) Australia&#47;New Zealand, comprised primarily of Torrens University. This portfolio of high quality, innovative, relevant, and affordable programs and institutions helps our students prepare for success in today&#8217;s workforce and find a path to bettering their lives. </font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Forward-Looking Statements </font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">This communication contains certain &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;assume,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;forecast,&#8221; &#8220;outlook,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;potential&#8221; and other similar words, and include all statements that are not historical facts, including with respect to, among other things, the future financial performance and growth opportunities of Strategic Education&#59; Strategic Education&#8217;s plans, strategies and prospects&#59; and future events and expectations. The statements are based on Strategic Education&#8217;s current expectations and are subject to a number of assumptions, uncertainties and risks, including but not limited to&#58;</font></div><div><font><br></font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the pace of student enrollment&#59;</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Strategic Education&#8217;s continued compliance with Title IV of the Higher Education Act, and the regulations thereunder, as well as other federal laws and regulations, institutional accreditation standards and state regulatory requirements&#59;</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">legislation and other actions by the U.S. Congress, actions by the current administration, rulemaking and other action by the Department of Education or other governmental entities, including without limitation action related to Title IV programs, Department of Education staffing levels, borrower defense to repayment applications, gainful employment or similar measures, 90&#47;10, increased focus by governmental entities on for-profit education institutions, and including actions by governmental entities in Australia and New Zealand&#59; </font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">competitive factors&#59; </font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">risks associated with the opening of new campuses&#59;</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">risks associated with the offering of new educational programs and adapting to other changes&#59; </font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">risks associated with the acquisition of existing educational institutions, including Strategic Education&#8217;s acquisition of Torrens University and associated assets in Australia and New Zealand&#59;</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the risk that the benefits of the acquisition of Torrens University and associated assets in Australia and New Zealand may not be fully realized or may take longer to realize than expected&#59;</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the risk that the acquisition of Torrens University and associated assets in Australia and New Zealand may not advance Strategic Education&#8217;s business strategy and growth strategy&#59;</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">risks relating to the timing of regulatory approvals&#59; </font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Strategic Education&#8217;s ability to implement its growth strategy&#59; </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the risk that the combined company may experience difficulty integrating employees or operations&#59;</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">risks associated with the ability of Strategic Education&#8217;s students to finance their education in a timely manner&#59;</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">general economic and market conditions&#59; and</font></div><div style="margin-bottom:7pt;padding-left:54pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">additional factors described in Strategic Education&#8217;s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.</font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Many of these risks, uncertainties and assumptions are beyond Strategic Education&#8217;s ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, these forward-looking statements speak only as of the information currently available to Strategic Education on the date they are made, and Strategic Education undertakes no obligation to update or revise forward-looking statements, except as required by law. Actual results may differ materially from those projected in the forward-looking statements. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">For more information contact&#58;</font></div><div style="padding-right:-18pt"><font><br></font></div><div style="padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Terese Wilke</font></div><div style="padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Senior Director of Investor Relations</font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Strategic Education, Inc.</font></div><div style="padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(612) 977-6331</font></div><div style="padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">terese.wilke&#64;strategiced.com</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="margin-bottom:7pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">(in thousands, except per share data)</font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.698%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.415%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the nine months ended  September 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Revenues</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">305,958&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">319,949&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">908,474&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">945,010&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Costs and expenses&#58;</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Instructional and support costs</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">162,668&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">162,724&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">483,612&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">487,163&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">General and administration</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">106,206&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">105,932&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">308,013&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">316,303&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Restructuring costs</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">758&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,251&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(2,757)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">18,948&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total costs and expenses</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">269,632&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">282,907&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">788,868&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">822,414&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income from operations</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">36,326&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">37,042&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">119,606&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">122,596&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Other income (expense) </font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,264&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(273)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">3,935&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,623&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income before income taxes</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">38,590&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">36,769&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">123,541&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">124,219&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Provision for income taxes</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10,842&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10,139&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">36,193&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">35,514&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net income</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">27,748&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,630&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">87,348&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">88,705&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Earnings per share&#58;</font></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Basic</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.18&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.18&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">3.73&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">3.87&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Diluted</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.15&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.15&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">3.62&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">3.76&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Weighted average shares outstanding&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Basic</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,422&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">22,584&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,418&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">22,937&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Diluted</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">24,173&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,209&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">24,137&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,597&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:10pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">(in thousands, except share and per share data)</font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:69.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.413%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">September 30, 2025</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">ASSETS</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Current assets&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">137,074&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">151,460&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Marketable securities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">46,949&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">21,189&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Tuition receivable, net</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">76,127&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">114,882&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income taxes receivable</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,433&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Assets held for sale</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,200&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Other current assets</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">44,793&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">54,266&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total current assets</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">304,943&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">346,430&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Property and equipment, net</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">111,247&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">107,774&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Right-of-use lease assets</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">103,673&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">95,993&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Marketable securities, non-current</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,981&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">9,989&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">245,098&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">248,925&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Goodwill</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,206,883&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,237,065&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Other assets</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">62,910&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">65,787&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,049,735&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,111,963&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">LIABILITIES &#38; STOCKHOLDERS&#8217; EQUITY</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Current liabilities&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Accounts payable and accrued expenses</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">101,749&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">113,171&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income taxes payable</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,926&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Contract liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">89,563&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">151,899&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Lease liabilities</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">22,222&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">18,412&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total current liabilities</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">216,460&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">283,482&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax liabilities</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">27,586&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">30,919&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Lease liabilities, non-current</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">103,004&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">99,239&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Other long-term liabilities</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">40,186&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">42,220&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total liabilities</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">387,236&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">455,860&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Commitments and contingencies</font></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Stockholders&#8217; equity&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Common stock, par value $0.01&#59;&#160;32,000,000 shares authorized&#59; 24,502,385 and 23,504,950 shares issued and outstanding at December 31, 2024 and September 30, 2025, respectively</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">245&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">235&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Additional paid-in capital</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,532,414&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,467,401&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Accumulated other comprehensive loss</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(88,565)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(52,631)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Retained earnings</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">218,405&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">241,098&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total stockholders&#8217; equity</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,662,499&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,656,103&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total liabilities and stockholders&#8217; equity</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,049,735&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,111,963&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:10pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div><div style="margin-bottom:7pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">(in thousands)</font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:69.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.413%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the nine months ended September 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cash flows from operating activities&#58;</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net income</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">87,348&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">88,705&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Adjustments to reconcile net income to net cash provided by operating activities&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Gain on early termination of operating leases, net</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(6,166)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of deferred financing costs</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">421&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">318&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of investment discount&#47;premium</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(47)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(413)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">33,033&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">35,160&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income taxes</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(2,272)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,917&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Stock-based compensation</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">18,789&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">17,195&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Impairment of right-of-use lease assets</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">4,685&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Changes in assets and liabilities&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Tuition receivable, net</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(27,849)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(36,940)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Other assets</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(15,877)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(12,678)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Accounts payable and accrued expenses</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">12,878&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">9,167&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income taxes payable and income taxes receivable</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(646)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(5,488)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 25.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Contract liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">57,576&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">60,211&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 25.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(3,762)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(3,837)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net cash provided by operating activities</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">153,426&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">159,002&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cash flows from investing activities&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Purchases of property and equipment</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(29,346)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(32,009)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Purchases of marketable securities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(14,720)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(25,804)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from marketable securities</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">29,525&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">57,575&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from other investments</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(490)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(265)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cash paid for acquisition, net of cash acquired</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(163)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(36)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 37.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net cash used in investing activities</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(15,174)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(539)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cash flows from financing activities&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Common dividends paid</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(44,262)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(43,387)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Payments on long-term debt</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(61,275)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net payments for stock awards</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(3,514)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(9,720)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Repurchase of common stock</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(5,000)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(94,316)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net cash used in financing activities</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(114,051)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(147,423)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 2.87pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Effect of exchange rate changes on cash, cash equivalents, and restricted cash</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,495&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,815&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 2.87pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net increase in cash, cash equivalents, and restricted cash</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">25,696&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">13,855&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 2.87pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cash, cash equivalents, and restricted cash &#8212; beginning of period</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">181,925&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">146,656&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 2.87pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cash, cash equivalents, and restricted cash &#8212; end of period</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">207,621&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">160,511&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED SEGMENT REPORTING</font></div><div style="margin-bottom:7pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">(in thousands)</font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.986%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.415%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the nine months ended  September 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Revenues&#58;</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">U.S. Higher Education</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">207,709&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">213,067&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">643,558&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">649,710&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Australia&#47;New Zealand</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">71,948&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">68,589&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">190,453&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">185,993&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Education Technology Services</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,301&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">38,293&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">74,463&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">109,307&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Consolidated revenues</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">305,958&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">319,949&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">908,474&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">945,010&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income from operations&#58;</font></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">U.S. Higher Education</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">11,446&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">22,853&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">59,284&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">73,568&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Australia&#47;New Zealand</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,846&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">12,485&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,651&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,145&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Education Technology Services</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10,792&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">15,955&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">30,914&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">44,831&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Restructuring costs</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(758)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(14,251)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,757&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(18,948)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Consolidated income from operations</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">36,326&#160;</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">37,042&#160;</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">119,606&#160;</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">122,596&#160;</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:10pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Non-GAAP Financial Measures </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">In our press release and schedules, we report certain financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;). We discuss management&#8217;s reasons for reporting these non-GAAP measures below, and the press release schedules that follow reconcile the most directly comparable GAAP measure to each non-GAAP measure that we reference. Although management evaluates and presents these non-GAAP measures for the reasons described below, please be aware that these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for total costs and expenses, income from operations, operating margin, income before income taxes, net income, earnings per share or any other comparable financial measure prescribed by GAAP. In addition, we may calculate and&#47;or present these non-GAAP financial measures differently than measures with the same or similar names that other companies report, and as a result, the non-GAAP measures we report may not be comparable to those reported by others.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Management uses certain non-GAAP measures to evaluate financial performance because those non-GAAP measures allow for period-over-period comparisons of the Company&#8217;s ongoing operations before the impact of certain items described below. Management believes this information is useful to investors to compare the Company&#8217;s results of operations period-over-period. These measures are Adjusted Total Costs and Expenses, Adjusted Income from Operations, Adjusted Operating Margin, Adjusted Income Before Income Taxes, Adjusted Net Income, Adjusted Diluted Earnings Per Share (EPS), Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), Adjusted EBITDA, and Free Cash Flow. We define Adjusted Total Costs and Expenses, Adjusted Income from Operations, Adjusted Operating Margin, Adjusted Income Before Income Taxes, Adjusted Net Income, and Adjusted Diluted EPS to exclude (1) severance costs, asset impairment charges, gains&#47;losses on sale of real estate and early termination of leased facilities, and other costs associated with the Company&#8217;s restructuring activities, (2) income&#47;loss recognized from the Company&#8217;s investments in partnership interests and other investments, and (3) discrete tax adjustments utilizing adjusted effective income tax rates of 29.5% and 29.0% for the three months ended September 30, 2024 and 2025, respectively. To illustrate currency impacts to operating results, Revenue, Adjusted Total Costs and Expenses, Adjusted Income from Operations, Adjusted Operating Margin, Adjusted Income Before Income Taxes, Adjusted Net Income, and Adjusted Diluted EPS for the three months ended September 30, 2025 are also presented on a constant currency basis utilizing an exchange rate of 0.67 Australian Dollars to U.S. Dollars, which was the average exchange rate for the same period in 2024. We define EBITDA as net income before other income (expense), the provision for income taxes, depreciation and amortization, and from this amount in arriving at Adjusted EBITDA we also exclude stock-based compensation expense, amortization expense associated with deferred implementation costs incurred in cloud computing arrangements, and the amounts in (1) above. We define Free Cash Flow as net cash provided by operating activities less purchases of property and equipment. These non-GAAP measures are reconciled to the most directly comparable GAAP measures in the sections that follow. Non-GAAP measures should not be viewed as substitutes for GAAP measures.</font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">ADJUSTED TOTAL COSTS AND EXPENSES, ADJUSTED INCOME FROM OPERATIONS, ADJUSTED OPERATING MARGIN, ADJUSTED INCOME BEFORE INCOME TAXES, ADJUSTED NET INCOME, AND ADJUSTED EPS</font></div><div style="margin-bottom:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">(in thousands, except per share data)</font></div><div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.856%"><tr><td style="width:1.0%"></td><td style="width:29.691%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:12.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended September 30, 2024<br>Non-GAAP Adjustments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">As Reported<br>(GAAP)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Restructuring costs</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Loss from other investments</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Tax</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">adjustments</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">As Adjusted<br>(Non-GAAP)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total costs and expenses</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">269,632&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(758)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">268,874&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income from operations</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">36,326&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">758&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">37,084&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Operating margin</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">11.9&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">12.1&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income before income taxes</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">38,590&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">758&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">290&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">39,638&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net income</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">27,748&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">758&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">290&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(851)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">27,945&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Earnings per share&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Diluted</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.15</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.16</font></td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Weighted average shares outstanding&#58;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Diluted</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">24,173</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">24,173</font></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.856%"><tr><td style="width:1.0%"></td><td style="width:29.691%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:12.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended September 30, 2025 <br>Non-GAAP Adjustments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">As Reported<br>(GAAP)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Restructuring costs</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Loss from other investments</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Tax</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">adjustments</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">As Adjusted<br>(Non-GAAP)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total costs and expenses</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">282,907&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(14,251)</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">268,656&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income from operations</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">37,042&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,251&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">51,293&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Operating margin</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">11.6&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">16.0&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income before income taxes</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">36,769&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,251&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,147&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">53,167&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net income </font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,630&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,251&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,147&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(5,279)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">37,749&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Earnings per share&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Diluted</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.15</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.63</font></td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Weighted average shares outstanding&#58;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Diluted</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,209</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,209</font></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Reflects severance costs, asset impairment charges, gains&#47;losses on sale of real estate and early termination of leased facilities, and other costs associated with the Company&#8217;s restructuring activities.</font></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Reflects income&#47;loss recognized from the Company&#8217;s investments in partnership interests and other investments.</font></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Reflects tax impacts of the adjustments described above and discrete tax adjustments related to stock-based compensation and other adjustments, utilizing adjusted effective income tax rates of 29.5% and 29.0% for the three months ended September 30, 2024 and 2025, respectively. </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Q3 2025 AS ADJUSTED WITH CONSTANT CURRENCY </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">(in thousands, except per share data)</font></div><div style="text-align:center"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.727%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">As Reported<br>(GAAP)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Non-GAAP adjustments</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Constant currency adjustment</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">As Adjusted with Constant Currency<br>(Non-GAAP)</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Revenues</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">319,949</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,722&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">321,671</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total costs and expenses</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">282,907</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(14,251)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,323&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">269,979</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income from operations</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">37,042</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,251&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">399&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">51,692</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Operating margin</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">11.6%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">16.1%</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income before income taxes</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">36,769</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">16,398&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">411&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">53,578</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net income</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,630</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">11,119&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">291&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">38,040</font></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Earnings per share&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Diluted</font></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.15</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td colspan="2" style="background-color:#cceeff;padding:2px 7pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.64</font></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Weighted average shares outstanding&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Diluted</font></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,209</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,209</font></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Reflects non-GAAP adjustments related to restructuring costs, income&#47;loss from other investments, and tax adjustments as described further in the </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Unaudited Reconciliation of Non-GAAP Financial Measures </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">table above.</font></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Reflects an adjustment to translate foreign currency results after the non-GAAP adjustments for the three months ended September 30, 2025 at a constant exchange rate of 0.67 Australian Dollars to U.S. Dollars, which was the average exchange rate for the same period in 2024.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED NON-GAAP SEGMENT REPORTING</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%"> (in thousands)</font></div><div style="margin-bottom:6pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.856%"><tr><td style="width:1.0%"></td><td style="width:41.921%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.718%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended September 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the nine months ended  September 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Revenues&#58;</font></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">U.S. Higher Education</font></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">207,709&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">213,067&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">643,558&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">649,710&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Australia&#47;New Zealand</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">71,948&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">68,589&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">190,453&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">185,993&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Education Technology Services</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,301&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">38,293&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">74,463&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">109,307&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Consolidated revenues</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">305,958&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">319,949&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">908,474&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">945,010&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Income from operations&#58;</font></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">U.S. Higher Education</font></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">11,446&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">22,853&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">59,284&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">73,568&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Australia&#47;New Zealand</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,846&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">12,485&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,651&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,145&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Education Technology Services</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10,792&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">15,955&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">30,914&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">44,831&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Restructuring costs</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(758)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(14,251)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,757&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(18,948)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Consolidated income from operations</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">36,326&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">37,042&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">119,606&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">122,596&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.52pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Adjustments to consolidated income from operations&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.85pt;padding-right:2.75pt;text-indent:8.99pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Restructuring costs</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">758&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,251&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(2,757)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">18,948&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.52pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total adjustments to consolidated income from operations</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">758&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,251&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(2,757)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">18,948&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.52pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted income from operations by segment&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">U.S. Higher Education</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">11,446&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">22,853&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">59,284&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">73,568&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Australia&#47;New Zealand</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14,846&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">12,485&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,651&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">23,145&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Education Technology Services</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10,792&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">15,955&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">30,914&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">44,831&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Total adjusted income from operations</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">37,084&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">51,293&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">116,849&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">141,544&#160;</font></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div style="padding-right:-21.6pt;text-indent:-18pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">12</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">EBITDA AND ADJUSTED EBITDA</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">(in thousands)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.871%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.805%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.413%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the three months ended September 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net income</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">27,748&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">26,630&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Provision for income taxes</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10,842&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10,139&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Other (income) expense </font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(2,264)</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">273&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation and amortization</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">10,806&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">11,962&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:20pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">EBITDA </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">47,132&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">49,004&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Stock-based compensation</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6,887&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">5,868&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:19.25pt;padding-right:2.75pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;Restructuring costs </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">689&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">12,425&#160;</font></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:19.25pt;padding-right:2.75pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">&#160;Cloud computing amortization </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1,528&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">2,321&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">56,236&#160;</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">69,618&#160;</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Denotes non-GAAP financial measures. Please see the information in the Non-GAAP Financial Measures section of this press release for more detail regarding these adjustments and management&#8217;s reasons for providing this information.</font></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Reflects severance costs, asset impairment charges, gains&#47;losses on sale of real estate and early termination of leased facilities, and other costs associated with the Company&#8217;s restructuring activities. Excludes $1.8&#160;million of depreciation and amortization expense for the three months ended September 30, 2025 and $0.1&#160;million of stock-based compensation expense for the three months ended September 30, 2024.</font></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Reflects amortization expense associated with deferred implementation costs incurred in cloud computing arrangements.</font></div><div style="padding-right:-21.6pt"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">13</font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">STRATEGIC EDUCATION, INC.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">FREE CASH FLOW</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">(in thousands)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.871%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.411%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.805%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.413%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">For the nine months ended   September 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Net cash provided by operating activities</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">153,426&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">159,002&#160;</font></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Purchases of property and equipment</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(29,346)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">(32,009)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.77pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Free cash flow </font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">124,080&#160;</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">126,993&#160;</font></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.43pt">Denotes a non-GAAP financial measure. Please see the information in the Non-GAAP Financial Measures section of this press release for more detail regarding these adjustments and management&#8217;s reasons for providing this information.</font></div><div><font><br></font></div><div style="margin-bottom:8pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">14</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>stra-20251106.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:d18c2110-943a-42d5-bba8-d9ce22a0a425,g:b9c5f9f9-33d6-49c9-b8e6-910d17174d7a-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:stra="http://www.strategiceducation.com/20251106" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.strategiceducation.com/20251106">
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="stra-20251106_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="stra-20251106_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="CoverPage" roleURI="http://www.strategiceducation.com/role/CoverPage">
        <link:definition>0000001 - Document - Cover Page</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>4
<FILENAME>stra-20251106_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:d18c2110-943a-42d5-bba8-d9ce22a0a425,g:b9c5f9f9-33d6-49c9-b8e6-910d17174d7a-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_dei_SolicitingMaterial_c60268a7-efe9-406e-84ac-14d8853f73f2_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
    <link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_WrittenCommunications_5f2256e5-83e3-41d3-92a7-ed816f674149_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
    <link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_48f6a97a-ce87-4ec2-ae34-7d882e9a3957_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_af0afe6a-6198-4991-bab8-30148cb39e71_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementTenderOffer_d3f94f9d-2e16-4544-b130-9b37d0cd037a_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_59769ee5-b797-475c-b2ed-fe621e735d7a_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_b6045e21-d3f5-4bf2-9d7b-c0bae2ec9957_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_d7bdef13-da3a-4836-a1fa-3135d676d592_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_26bdae90-84ec-4740-8e0e-6dc9009278d9_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_01bdd33b-e503-4cca-aa33-5a0745d6f565_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_b9f2525c-006c-476a-bfbc-6391c86f78da_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_694b4947-36ed-46ce-a2fa-61177db869ba_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_a3e0b782-06f9-4b46-b5a2-2a225ff70823_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_bc1717ff-e8fe-40c2-9d25-ab95a743da5c_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_63b36572-7b03-45cf-8576-a6856f277b24_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_34b18d62-0aa0-4d9c-b47b-b6ffd8336c77_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_b6ea6ac6-7437-45c3-bf8a-5a22eea935c8_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_af7b405f-a6f3-4843-9839-1a65649a6978_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_c56aedc4-2759-42a8-9682-cea2ec15de47_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_f96ddc44-2842-4936-a62b-47bb26ffeb11_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_562ae54c-5df6-4806-be4d-6e65313cbdad_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_e95d4a32-0d06-48f5-bcaf-c874b5150349_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>5
<FILENAME>stra-20251106_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:d18c2110-943a-42d5-bba8-d9ce22a0a425,g:b9c5f9f9-33d6-49c9-b8e6-910d17174d7a-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.strategiceducation.com/role/CoverPage" xlink:type="simple" xlink:href="stra-20251106.xsd#CoverPage"/>
  <link:presentationLink xlink:role="http://www.strategiceducation.com/role/CoverPage" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_dcc5af55-01bc-44fc-986b-45267a14f5aa" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_DocumentType_dcc5af55-01bc-44fc-986b-45267a14f5aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_14b33cbe-e476-4bca-83b3-a5e21618434d" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_DocumentPeriodEndDate_14b33cbe-e476-4bca-83b3-a5e21618434d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_1f301265-c1a1-4f57-a9b9-9e8c7dffcab4" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityRegistrantName_1f301265-c1a1-4f57-a9b9-9e8c7dffcab4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_9cdf3c0d-6d7c-4f47-9c1d-96c2c7eea180" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityIncorporationStateCountryCode_9cdf3c0d-6d7c-4f47-9c1d-96c2c7eea180" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_29bff5c9-b161-4fa2-baad-82dc6e9b9750" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityFileNumber_29bff5c9-b161-4fa2-baad-82dc6e9b9750" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_c3a381ad-3af7-4e8a-ae38-19f42d144049" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityTaxIdentificationNumber_c3a381ad-3af7-4e8a-ae38-19f42d144049" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_f312f7f8-dfcd-4bd8-9b4f-15195c235a7c" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityAddressAddressLine1_f312f7f8-dfcd-4bd8-9b4f-15195c235a7c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_7d841466-767e-49d3-a48f-bcfc4258b698" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityAddressCityOrTown_7d841466-767e-49d3-a48f-bcfc4258b698" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_4d5b0f0c-3975-4680-885f-f098b9ae1dc8" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityAddressStateOrProvince_4d5b0f0c-3975-4680-885f-f098b9ae1dc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_21420c6e-c15d-43c1-b32d-ef9d9d8cccd1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityAddressPostalZipCode_21420c6e-c15d-43c1-b32d-ef9d9d8cccd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_6fa0e15c-5e78-4f56-a422-58d3e5271a8b" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_CityAreaCode_6fa0e15c-5e78-4f56-a422-58d3e5271a8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_94ec0b0d-7652-4f7e-adff-6fa7df2f4cf8" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_LocalPhoneNumber_94ec0b0d-7652-4f7e-adff-6fa7df2f4cf8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_2147d782-8593-44e3-a959-2e907192dda2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_WrittenCommunications_2147d782-8593-44e3-a959-2e907192dda2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_cdf45bd4-9053-4d60-acb1-89f9dcf65d4a" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_SolicitingMaterial_cdf45bd4-9053-4d60-acb1-89f9dcf65d4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_58c1055a-50a1-4e34-90b6-f38caf7961c0" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_PreCommencementTenderOffer_58c1055a-50a1-4e34-90b6-f38caf7961c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_ed41b98f-0581-485a-942d-9f9e915c4e20" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_ed41b98f-0581-485a-942d-9f9e915c4e20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_a9cfb76a-b0ea-4694-862c-d1202f8c9a88" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_Security12bTitle_a9cfb76a-b0ea-4694-862c-d1202f8c9a88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_184dddcc-d575-45a0-a951-675c9e6d43e7" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_TradingSymbol_184dddcc-d575-45a0-a951-675c9e6d43e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_2a9c2994-dce7-4bc6-ba47-4697992a8ba1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_SecurityExchangeName_2a9c2994-dce7-4bc6-ba47-4697992a8ba1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_185f4a26-5ab5-4363-a33e-09a1bd166b0b" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityEmergingGrowthCompany_185f4a26-5ab5-4363-a33e-09a1bd166b0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_b53ed1b7-64ca-4c9b-8b69-20c849b64971" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_EntityCentralIndexKey_b53ed1b7-64ca-4c9b-8b69-20c849b64971" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_e0c519c0-9977-4f94-a3bf-813c633fee62" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6f920bd9-2f64-4438-a117-e300d2dd915e" xlink:to="loc_dei_AmendmentFlag_e0c519c0-9977-4f94-a3bf-813c633fee62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image_0a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_0a.jpg
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M5Z_=T%U/+.XQ.85!5;-.$U,3(T12G#QY1DTL,V"RA(FS-W7"6)1,G[7 ]+U
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M-J3*DZ=/;3L'+.81(G_T:*',F;=84^@^/<:?C(4K:JB@ +>_$#SFT6Z_,H]
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M:NKZH(X9ZOWY.S2/7"O8S:/,[%R/4F AI'J.G3!-;MZZ[1?7$>;0WIS]^@V
M88#G Y'"OHZJ=Z)YA#D]HD!;MNWB<>'T\9-FR-FS%QP]%\*QH;-TZJ8M7]QH
M&#EVDNS)SE&3R5_G=59#\\@%"&<[?ORD;-Z\0R(C8VD<4=0GBHB(E4W&APOU
MOU TF)#JXKEY5$?F+UPNEXJOV'TJ 4=0F$<!$GF$A0X6?C5-=E[#^:/8)SJ<
MV0DBGV#2-&[63O[[O7M15+7J-E/3"1/[+TWJ7[QXH6/R^Y^K3DFH2NC&@P6E
MOR\6:!ZY5C";1WA7X_E A(C9=_Z/-1I(_T$CM:P'ZO_Y [C7]XWWWL[=>R0S
M*T=-'!1Q]O48<*)YA$@TI$37:=#"])B !@X9);O3,QV7JO8E<-^Q@8%&%'@6
MZC5J)1,FS]3CQ[C6HN]!^'ZH"II'7P#11JA=D9.3)TE)J1(6QDYJ%/4E(1HO
M(2%9(_.N7;OAB/0'XGPJ:\BU;N]^B@J$!2860X@J(-82'.:1_]<\ N_>O9>+
MQJ+9["0?1;/#PJ,UNMI.RLKN2KSQ'?E:$=LO"76;4&>LJD4KC)_-6W9H>I^[
MOQL1"8APO&^SN>8I-(]<*YC-HX+"(JUKXTF1;-3W0S<R?XO*P"86#"-$(;VW
M*:7*:>81[N&9L^>D>^^!I@QW"-%*]1NWEL3U*5I3SU_ V-V7=U"[=":N3Y7C
M12=M[Q3H5&@>?0)>)-C)*RZ^*KMV[9'(R#C;%^<4Y0\*"XN6;=MVR_GSE^3Q
MXR=,92-?Y<V;-]*N4T]38=$5[;3;ZZXA<O.)=02%>10@:6N8[):5W=.Z%&86
M?ZCEL'#);W+CIGWIGS@'%-<=,GR<1A2Z<_PX9Z3;8 'F:H*/WX\=93/C&1T3
MC^0?\^$5L1Z:1S2/O@2>O9#0*&G1NK/I]WV]ABVU-HX_F01.PFGF$<RT;3MV
MR7<_U36=LH:R M-GSI<+%R]9>FR^ -]U1.(^?^Z<+J1.A.;17V"QB]2;@H(B
MC39"31>[%^04Y6]"%-+APT=U)YD&$G$%HM2Z]3#7;:U2BY>ND/,7+C&<V$)H
M'KF6D\PC@(ENA\Z]OUCH\VM"I,_4&?.T7I!=P$1&:@ ZHKF[6('Y-7?!TJ]&
M#6!#(VG#1EW4N'N-6K7KINVJ_=E8H'GD6L%H'N%<7[Y\I5T*O_^YOJFQ\1_C
M>1TY9I+LSSMH]^GX+4XSC]#!=M["9::__X@*;]2TK>0?+= F""0PH7GT%Z@$
MOV?/7@D/CV%M(XHR*3P[B$+:N3-#4S\)J8JW;]_)\)$3C 6@>VVT/U7CYNTE
M(BI.GG&7R#*"PCQZ]%BV;=]MRCRJ4[^Y3)HRRS'F$8RPGGT&:]T1=\\%A;91
MT+38QNY(,*Y^6['&U%A#NDSJQBU?_1N(L#AX*%\[YKAK+F Q--&XWTAM\:>4
MG$^A>>1:P6@>P3@Z5E!DNNZ@OC^,=\Z&E#2:!![@-/-H3^9>Z=#9_>Z4E4*M
MH'D+ENEWB00N06\>(3KBTJ4KLG7K3A;%IB@+A&<H(B)&BVF?-SZ,Z&) R#]!
MO9;YQB2C89,VIB<JB"1HU:ZKS%^T7$Z?.><WQ3J=3%"81YY&'CFDYA% /9[6
M[;N;BN#[J58CF3UOB5R[?L.VX]^3E:,&A9FQ-FW&/#ESYGRU_D[QY2LR=_Y2
M4Q%:,.=R]QUP;*OIKT'SR+6"T3Q"PXK?5H1JQT4SXP)1@NBN5GC\9%!=-ZMQ
MDGGT_,4+K??S0PUSD6A0UQX#Y,RY"[HY2 *7H#:/L)-T^O0Y24O;)N'AT;8O
MNBDJD!0:&B4I*9NEJ.B4UA(CY%.0:A(3ERAMC(6OV8D*A$5SPZ9MM39)C+$
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M'S1LK C:OONAHRZ!2.9=:O5C1^K1>S"-&3>5%BU=3?Z!H2+3":?$W@IDI2!
MQOTUXSY"M$'ICI%2*2- MB76MW]_IVZN.(U)!U.EQ2,(SYNV[)#ZNSW[#*7P
M_3$F/V$U@!C0U'2'LHYGT_:=OC1]U@(:.N+7O]<>U<\((E2;]CVH[X 1XML&
M$38J)D&4QB&;QRE8]_M6Z?TDA#6L^6GI1ZT>QE>!^?+LV3.:.7NA]#,_=3I/
MZF__+1X]?OQ8^!U9'70QF2H(7P%\T%6BO+R2Q2.F8$I*.M74W% ZW[P)+![I
M!\2C@S80C]PE4N9_:-M59&[@-!B!\<[=>RDV+DEL8'"ZC#(P)X#%(_?I%/$(
MM@WP#0G?'RVRYP8,'D7?_]3)TG>FE7;O<#J,\I20L/WB^IPJN'X))TZ>I@F3
M9YFZUFS?Y4>U=?66C(?%HT_)XI%KH-P;WFG(SL(W<<KTN=2Y>W]+GQ>$;&1%
M#AWY*ZU8_3L=B(X7?DGHR&[W$F0CXA'X<\>>M'#Q2I%T8)4 [0YL(1XU-C91
M5E:VY4$7DZF"Z"*HVC2/Q2-F,]%U[]RY"TKGFS>!Q2/]>"\>':8APYTA'GV.
M..E$^0\RD_SV!HL@$H$"LBSL;-[)XI'[M+-XA" (F48PCXV)2Z*Y\Y>(4WZK
MWXO/$:4JN+ZX^(/B>E%*:/<@SAW@/=^V8X\HR3'S?DV>-I>.'CMAR9A8//J4
M+![]$[#4@6A4<^.F,-%'IM'@8;]X),-(+_&=AIBU<,DJD>U<575>='.SVE?,
M%8R*1R#6(Q^_0.$#9==UUA;B$39"![67V^J@B\E409QJJUX RLHJZ,"!6,O'
MRK2>P<'A(I.3X1Y8/-(/B$=)R<X6CSXF?!>6KE@GNL:@ PS*Z>TH(K%XY#[M
M*A[A&2( RLLKH*DSYHF22ZOGOSMLV[Z'N-[\,T7B';%K8.,.WFGO-H1B9"(B
M6\C,^]2^4V_A'67%_6'QZ%.R>/0>"/BQ]D"TQCX 7FK=M.^>U<_'77[;NCU-
MF3:7$I-21)?(5S8TES9#/,)ZU*%S'\K)S1=-0>P(6XA','>+B(BV/.AB,E40
MG1I4!R&EI144&<GB$7,O[=[M3\>/G[)URJN=P.*1?GBC>(033J3*PS-I^LP%
M(K,*K83M!A:/W*==Q2.48*Q9OUED&J$\S6SQ0A5QG;A>7#?$$9C1.Q4(H-,S
MC@F/%17W:=YOR\3!H:>#6Q://B6+1^\!@^/2L@JQ#T )-[J?Z3&\MIHH9\.:
MC@YOXR?-H.B8!-N)*V:(1R"$LK&_3A7[-3L>8EDN'N&F%!>7DI]?L.5!%Y.I
M@G5U]<I?_I*2<A:/F'\S+2W3L2UB/0T6C_3#&\K67!$;5'2R@N$VO)%BXA+%
M*:==LBQ8/'*?=A*/,'^0;70@*HZFS_K-<E\1H^S19S M7+*2#J=EB P>NV4
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MW?)5ZTW/_C-BF WQZ-[]^U1;5R^,P=MUZB5=GHAGO6+U!M'9485 S>(1PW;
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M'2 >(5O"^>+1/BHJ*A4OF"K@!48P$:=M2JT>+].>1#GCQ8N7E<U!IX/%(_V
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M+1ZEI1^E\9/DYA"(;%5T*O06P,1Y_L+E]'/'GM+W)"1L/]V^?<>T:[*;> 3
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M8108O$]DL=HI^ZBAH9'6;MABZ!F,'#.13I[,H3>* J/J:S6T8[>?M&$KB P
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MRLQ@Z+MZW29*2$H1/F)Z.@[B;Z/+&M8)=%GS9$#C%$)40Y:7U6#QR#55BD<
M1!!X'W7O/=C07,(W&2;2@<'AXEVUBX%_;6V=*(>=JGV?S<@^7+I\K3#\5PDG
MBD<0#,]6G:?UOV\3[[*G,CVEQ:.,C&.B%,KJ((OI'L/"#E!>7H%'Q*/]VH(+
M$<;J,<O0WS^43GF@!3+JE*.C$UD\8GZ6Z%88'Y],CQX]5CX7G0P6C_0#F\OD
M%*/BT65+KAT!/S(BL''9ML-';+QEV]5^R%;:N 8.&4/'3YSRV#N';W%NWIG_
M=DPQELZ/8#\H))RJKUT7J>R>!.X73M&W;M]C.(OG/ZW:B4TPQN$)H.UQVI%,
M&C%Z@N%YA)_OI05Q$)#P?EA5EH1LO!LW:RGQ8*KHRO2]Y#-!$(*?/Q =+S)@
MW05*:*JJ+H@Y*1O(( B"=QFRT.S*-NVZBTQ,F?$ARPOSW.KO.XM'KJE:/ (*
MBTI$5T_9>?3A\^C9=RCMV.4GRKJL$#$ ",<X2#A__I)H)H",3*/=P'! @@8*
MJ6D9RKL4.E$\ E"VGE]0).XW]FA&[K>[E!:/($2$AT=9'F0QW>.^?0=$=R_U
MXM$3BHB(=JQX%!P<+D0VU;A^_8;V_D2S>,3\+ ,"PNCHT>-*4W2] 2P>Z8>Q
MS"//EZTU;TB127'^PB5A_#O:8*>LCS>GV'COW+-7-$KP)&#*O6'C-N$Y8W0<
M$-(V;=U!-V_6BLP/U>6N$*FPF4?+=\P)HWX6(#Q 8F*3/-:]#*>V>!_^V/E>
MB#1Z:MO<CAT!:W%)F;@_GA3S\-PO7;HB,M&Z]1QD>#P0GC9OW457J]T7\Y M
MZ[LWV% 9:1?M9R=-G2/*4>W*J3/FB:!6=HR3M?%!/+"RU(C%(]?TA'@$H1=9
MED8]XO[WOG:B:3/GTY'THZ)C--8V3\TO-#= XP"48R]8M)(Z=#&>#8QYAOT=
MC/=K:M1GUCI5/ *P[L)'\?UAE#'!SAU*BT=55>?IP($XRX,LIGN$T%=86.PA
M\2C*L>(11+8B[8.N&BBY" K:9_EXF?8DLCH+"HI%,,!P#1:/],-IXA%.YT_G
MY-'OF[=3OT$CQ0;9S,T1,AP0##Y\],CC_F+(3D$ V;Z3L;;-(,2;GSOTI F3
M9@I!1V56PSOM/MW3@I.0L$A3LG::N6SE.BHKKU1VW:Y05U=/:]=O,=1]K9G_
M^O9]AA[N"X1.!!2>"N RCYT097@PCC=#S)LV:P'EYA7H,H]'2^Y!PWXQY'N%
M+E+P!((X85>B1.B/'3[28T2ID8]OH+;FL'BD"G87C[ LW+KUWGO-C/43SP7/
MLUNO0;1R]>_BL 4EWIX WH==/O[4J5L_L?Z943Z%0Y4QXZ92;6V]1[[-3A:/
M\(W!'@;[VDX>\#^2%H]0=A,;FV1YD,5TC\@&*BXN52X>/7[\1 @P3FU!#[^F
MLC+UFU><#CI58&.J)]XAI/[:M8./7<#BD7[8N6SMO5_*2U'#GW@PA39NWB$\
MC> 1\GY3:HY(T4QD5D X@I?".PN,Z?$W,0=7:!O]CEW[&AX/! -XU@P:.E8(
M,8=2CU!=_2W3KA?I\1>U;U=P:,3?F1>MVQ@K50,1:/S0MBNE'LX0>PA/ ^\$
MS+[G+EAFVMS"?4$WMZDSYU-(V'ZZ<.FRDL, G/;#-'[YJO6BS*R-#G\C5_S/
M]^VH<_?^(H,!W9+<!9X=2C_AL?3O[^2"1PC#*"6TNJ3K:WCU^K7H6ME6TM<)
M:P^RCY"=9E53#!:/7-,3XA& M>?"A4O:=W65.,@P8^W!,T7FSX@Q$T4WMA,G
M3XM,)#/QOFO<*SI34$3;=_K2A,DSJ5O/@::(ULWKP/#1XX5(@<QC3\#)XA&
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M:S6&[YD1\0B;D9]^[JIMK(<( <$L(H,%)Z6RYKYZB."X;8<>HB4Y1#DKA2,
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M[Y:"\C^(!!!MIDR?*]H@KUFW690DCI\TD_H/&F7Z";BKYP&S6&2<>:HTX6N
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MSS__M'HX# :#P6 P&(9A6#QZ^_8M55:>H_W[8RP/]+R9,++&)E0E[MV[)\K
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M<N#RT ,( 0@G/W<N48X?9]81G$80CM"^B*E_C8W-S,20)_<)!*"VM@[U?$$
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M#1=P]"R$DI\Z=5H" D(D+BY![<&M6_5*-"(C@S:USLY.Y2B",PM3J)YV9N$
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017?)#P    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.25.3</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover Page<br></strong></div></th>
<th class="th"><div>Nov. 06, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Nov.  06,  2025<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Strategic Education,&#160;Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">MD<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">0-21039<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">52-1975978<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">2303 Dulles Station Boulevard<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Herndon<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">VA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">20171<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">703<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">561-1600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.01 par value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">STRA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001013934<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
.report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

.report table.authRefData a {
	display: block;
	font-weight: bold;
}

.report table.authRefData p {
	margin-top: 0px;
}

.report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

.report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

.report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

.report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
.pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
.report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

.report hr {
	border: 1px solid #acf;
}

/* Top labels */
.report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

.report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

.report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

.report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

.report td.pl div.a {
	width: 200px;
}

.report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
.report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
.report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
.report .re, .report .reu {
	background-color: #def;
}

.report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
.report .ro, .report .rou {
	background-color: white;
}

.report .rou td {
	border-bottom: 1px solid black;
}

.report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
.report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
.report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

.report .nump {
	padding-left: 2em;
}

.report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
.report .text {
	text-align: left;
	white-space: normal;
}

.report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

.report .text .more {
	display: none;
}

.report .text .note {
	font-style: italic;
	font-weight: bold;
}

.report .text .small {
	width: 10em;
}

.report sup {
	font-style: italic;
}

.report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.25.3</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="stra-20251106.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0000001 - Document - Cover Page</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.strategiceducation.com/role/CoverPage</Role>
      <ShortName>Cover Page</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" isOnlyDei="true" original="stra-20251106.htm">stra-20251106.htm</File>
    <File>stra-20251106.xsd</File>
    <File>stra-20251106_lab.xml</File>
    <File>stra-20251106_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="22">http://xbrl.sec.gov/dei/2025</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>14
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "stra-20251106.htm": {
   "nsprefix": "stra",
   "nsuri": "http://www.strategiceducation.com/20251106",
   "dts": {
    "inline": {
     "local": [
      "stra-20251106.htm"
     ]
    },
    "schema": {
     "local": [
      "stra-20251106.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/dtr/type/2024-01-31/types.xsd",
      "https://xbrl.sec.gov/dei/2025/dei-2025.xsd"
     ]
    },
    "labelLink": {
     "local": [
      "stra-20251106_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "stra-20251106_pre.xml"
     ]
    }
   },
   "keyStandard": 22,
   "keyCustom": 0,
   "axisStandard": 0,
   "axisCustom": 0,
   "memberStandard": 0,
   "memberCustom": 0,
   "hidden": {
    "total": 2,
    "http://xbrl.sec.gov/dei/2025": 2
   },
   "contextCount": 1,
   "entityCount": 1,
   "segmentCount": 0,
   "elementCount": 23,
   "unitCount": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2025": 22
   },
   "report": {
    "R1": {
     "role": "http://www.strategiceducation.com/role/CoverPage",
     "longName": "0000001 - Document - Cover Page",
     "shortName": "Cover Page",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "stra-20251106.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "stra-20251106.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Amendment Flag",
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CityAreaCode",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "City Area Code",
        "label": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "label": "Cover [Abstract]",
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Period End Date",
        "label": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "DocumentType",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Type",
        "label": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, Address Line One",
        "label": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, City or Town",
        "label": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, Postal Zip Code",
        "label": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, State or Province",
        "label": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Central Index Key",
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Emerging Growth Company",
        "label": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity File Number",
        "label": "Entity File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Incorporation, State or Country Code",
        "label": "Entity Incorporation, State or Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Registrant Name",
        "label": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Tax Identification Number",
        "label": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Local Phone Number",
        "label": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "PreCommencementIssuerTenderOffer",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Pre-commencement Issuer Tender Offer",
        "label": "Pre-commencement Issuer Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r3"
     ]
    },
    "dei_PreCommencementTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "PreCommencementTenderOffer",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Pre-commencement Tender Offer",
        "label": "Pre-commencement Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r5"
     ]
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "Security12bTitle",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Title of 12(b) Security",
        "label": "Title of 12(b) Security",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Security Exchange Name",
        "label": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_SolicitingMaterial": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "SolicitingMaterial",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Soliciting Material",
        "label": "Soliciting Material",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r4"
     ]
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "TradingSymbol",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Trading Symbol",
        "label": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "dei_WrittenCommunications": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2025",
     "localname": "WrittenCommunications",
     "presentation": [
      "http://www.strategiceducation.com/role/CoverPage"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Written Communications",
        "label": "Written Communications",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act."
       }
      }
     },
     "auth_ref": [
      "r6"
     ]
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "425"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0001013934-25-000039-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001013934-25-000039-xbrl.zip
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MKJ%S+XCC8&A7PQB:HY "L_0$KF;R.YG@P32H[!1 2% GMJ/1$ :;I-]G79S
M"X3]LR;_.^X# 8!QA]R;V.^Z? A<>,'N2#L84O_=4034ZB=](OX_9I< ;OET
MEZ!BP0BH5S+4= .Q^>5GO:P=YR&=@Q$)KE"/7_NV QS Q#,"J%?O05A9".&7
MBU:W>4XZW;-NLR/IVFDVOK1;W5:S0\XNSDGSK\;O9Q<?FJ1Q^?ESJ]-I75[L
M!A]M+7QV2?'U(/Q*HP&X2''@'Y%SM:&"<U.R:@\@_HYPO59>?7_9_IQ"N;:I
MRKS.Q' G!@G44E7Y^- :O>45,-9: = ,[>9%E[2;5Y?MKE075R,1C2BX]7%
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MC?S478Y6;@W3362V6L6RCI=6 '<1#/U(_^Y(#Y*4(X!IYEF"A'/[!=K@_"=
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M)^Z^?_WE@V+R9UOEWWJM_Q]02P,$%     @ "S9F6_":&^AH @  ) <  !$
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MGEKL%_H)5S$'2;CG\/^>BJ:!ZK3>;*ZKAR/2MEVR\I!K1K0T')4 S'B,1&'
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M9JLCK3#2C17"B(N%09QFPN#J4V9I,74#+H-$Z 6I/TY3KI'.;J%<9A2Y_R#
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M_>6),G]QFDNY/NUQ;3<D3SFC3M_$LVKF1,G,-6X6:$38SL4KOS,Q4PX;3UA
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MY7J:BZVZI2A746[5*->RL<;JRLI'N5NKZ'W^7P55].LX+96IB$3.GKN CFV
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M'?M4[]>,=$,*__:"QP^_P8_BTT.2/ 31I7B%+RF'T(??NNR]?+[SK^4KM&P
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MB1V5G"8QACP;>UM;C;*Z)Z06!TNC&4 _B*/+W% Y(ST!S!!WVRZB2DTXH%@
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MCCCD6X?TO6ASS1Y*/P>30_T1>:"77=CJOE^2/LSS/0F?R',Z"V_8\"[+R-T
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MVS(A[_0P7Z-?Y-'-U]87/1KF*[.3<B7W_CC)W^(5T]\.0IO'CQJ\WG-$QKV
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MH0[U!Q%\\.$9M6GR&/BE&I#;[\N;:L=2T:SA8%.K?M&)TT60Z6)C:YFB$'1
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M7T/XE:*44IXE%$3].!D*>XJGZE'4*E[_.'G]2_XZO.;S1^,^/!JD: 074P1
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M,3 V+GAS9%!+ 0(4 Q0    (  LV9EO)4Z+W^@D  'U4   5
M  "  ?,1  !S=')A+3(P,C4Q,3 V7VQA8BYX;6Q02P$"% ,4    "  +-F9;
M?1^'Z; &  #^,   %0              @ $@'   <W1R82TR,#(U,3$P-E]P
M<F4N>&UL4$L! A0#%     @ "S9F6R%CCAVS1P  $3$% !P
M ( ! R,  '-T<F$M,C R-3$Q,#9X97AH:6)I=#DY,2YH=&U02P4&      4
,!0!. 0  \&H

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>stra-20251106_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2025"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="stra-20251106.xsd" xlink:type="simple"/>
    <context id="c-1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001013934</identifier>
        </entity>
        <period>
            <startDate>2025-11-06</startDate>
            <endDate>2025-11-06</endDate>
        </period>
    </context>
    <dei:EntityCentralIndexKey contextRef="c-1" id="f-21">0001013934</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="c-1" id="f-22">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="c-1" id="f-1">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="c-1" id="f-2">2025-11-06</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="c-1" id="f-3">Strategic Education,&#160;Inc.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="c-1" id="f-4">MD</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="c-1" id="f-5">0-21039</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="c-1" id="f-6">52-1975978</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="c-1" id="f-7">2303 Dulles Station Boulevard</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="c-1" id="f-8">Herndon</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="c-1" id="f-9">VA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="c-1" id="f-10">20171</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="c-1" id="f-11">703</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="c-1" id="f-12">561-1600</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="c-1" id="f-13">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="c-1" id="f-14">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="c-1" id="f-15">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="c-1" id="f-16">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="c-1" id="f-17">Common Stock, $0.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="c-1" id="f-18">STRA</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="c-1" id="f-19">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="c-1" id="f-20">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
