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Segment Information
9 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
During the three months ended December 31, 2022, and in conjunction with the Concorde Acquisition (as discussed in Note 4), we revised our reportable segments to reflect the manner in which the chief operating decision-maker evaluates performance and allocates resources. We have two reportable segments as follows:

UTI: UTI operates 16 campuses located in 9 states and offers a wide range of degree and non-degree transportation and skilled trades technical training programs under brands such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT. UTI also offers manufacturer specific advanced training programs, which include student-paid electives, at our campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers. Lastly, UTI provides dealer technician training or instructor staffing services to manufacturers.
Concorde: Concorde operates across 17 campuses in 8 states, offering degree, non-degree and continuing education programs in the allied health, dental, nursing, patient care and diagnostic fields. Concorde believes in preparing students for their health care careers with practical, hands-on experiences including opportunities to learn while providing care to real patients. Prior to graduation, students will complete a number of hours in a clinical setting or externship, depending upon their program of study.

“Corporate” includes corporate related expenses that are not allocated to the UTI or Concorde reportable segments and is included to reconcile segment results to the condensed consolidated financial statements. In prior years, these costs were allocated across our former “Postsecondary Education” reportable segment and “Other” category based upon compensation expense. Prior periods have been updated to conform to the revised presentation.

Summary information by reportable segment is as follows:
UTIConcordeCorporateConsolidated
Three Months Ended June 30, 2023
Revenues$100,852 $52,434 $— $153,286 
Income (loss) from operations8,136 1,941 (9,414)663 
Depreciation and amortization5,121 1,531 6,655 
Net income (loss)6,795 2,028 (9,332)(509)
Three Months Ended June 30, 2022
Revenues$100,966 $— $— $100,966 
Income (loss) from operations11,389 — (9,435)1,954 
Depreciation and amortization4,545 — 16 4,561 
Net income (loss)10,859 — (10,016)843 
Nine Months Ended June 30, 2023
Revenues$313,985 $123,125 $— $437,110 
Income (loss) from operations37,753 7,404 (34,097)11,060 
Depreciation and amortization14,990 3,637 22 18,649 
Net income (loss)34,755 7,531 (36,667)5,619 
Nine Months Ended June 30, 2022
Revenues$308,127 $— $— $308,127 
Income (loss) from operations50,130 — (31,221)18,909 
Depreciation and amortization12,077 — 47 12,124 
Net income (loss)48,950 — (25,931)23,019 
As of June 30, 2023
Total assets$443,085 $134,935 $128,716 $706,736 
As of September 30, 2022
Total assets$436,917 $— $115,994 $552,911