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Segment Information
9 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
Our principal business is providing postsecondary education. We also provide manufacturer-specific training, and these operations are managed separately from our campus operations. These operations do not currently meet the quantitative criteria for segments and therefore are reflected in the “Other” category. As discussed in Note 10, our JV was dissolved in February 2022. Prior to this change, our equity method investment and other non-postsecondary education operations were also included within the “Other” category. Corporate expenses are allocated to “Postsecondary Education” and the “Other” category based on compensation expense.
Summary information by reportable segment was as follows:
Postsecondary EducationOther Consolidated
Three Months Ended June 30, 2022
Revenues$97,511 $3,455 $100,966 
Income (loss) from operations2,308 (354)1,954 
Postsecondary EducationOther Consolidated
Depreciation and amortization(1)
4,534 27 4,561 
Net income (loss)1,197 (354)843 
Three Months Ended June 30, 2021
Revenues$80,736 $3,032 $83,768 
Income from operations2,994 58 3,052 
Depreciation and amortization(1)
3,599 20 3,619 
Net income2,942 58 3,000 
Nine Months Ended June 30, 2022
Revenues$297,863 $10,264 $308,127 
Income (loss) from operations20,331 (1,422)18,909 
Depreciation and amortization(1)
12,045 79 12,124 
Net income (loss)24,441 (1,422)23,019 
Nine Months Ended June 30, 2021
Revenues$229,142 $8,460 $237,602 
Income (loss) from operations2,776 (610)2,166 
Depreciation and amortization(1)
10,404 66 10,470 
Net income (loss)3,146 (610)2,536 
As of June 30, 2022
Total assets$537,325 $2,957 $540,282 
As of September 30, 2021
Total assets$504,934 $7,636 $512,570 

(1) Includes depreciation of training equipment obtained in exchange for services of $0.2 million and $0.3 million for the three months ended June 30, 2022 and 2021 and $0.7 million and $0.9 million for the nine months ended June 30, 2022 and 2021, respectively.