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Restructuring
12 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring
Note 16 - Restructuring
On December 5, 2023, UTI announced plans to consolidate the two Houston, Texas campus locations to align the curriculum, student facing systems, and support services to better serve students seeking careers in in-demand fields. As part of the transition, the MIAT Houston campus, acquired in November 2021, began a phased teach-out in May 2024, and such campus began operating under the UTI brand. Both facilities will remain in use post-consolidation.
The total costs of the restructuring plan are estimated to be approximately $2.1 million and relate to the UTI segment. Approximately $0.2 million of expenses, primarily related to employee termination costs and tools, were incurred during the twelve months ended September 30, 2024. Of the $0.2 million recorded during the twelve months ended September 30, 2024, approximately $0.1 million was reported in “Educational services and facilities” while approximately $0.1 million was reported in “Selling, general and administrative” in the consolidated statements of operations. Additional estimated costs of $1.9 million are expected to be recorded during fiscal 2025 and beyond as incurred.