| Schedule of Changes in goodwill |
|
|
|
Graduate
Program Segment
|
|
Short Course
Segment
|
|
Total
|
|
|
|
|
(in thousands)
|
|
|
Balance as of December 31, 2017
|
|
$
|
—
|
|
$
|
71,988
|
|
$
|
71,988
|
|
|
Foreign currency translation adjustments
|
|
—
|
|
(7,115
|
)
|
(7,115
|
)
|
|
|
|
|
|
|
|
|
|
|
Balance as of June 30, 2018
|
|
$
|
—
|
|
$
|
64,873
|
|
$
|
64,873
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of amortizable intangible assets |
|
|
|
|
|
June 30, 2018
|
|
December 31, 2017
|
|
|
|
|
Estimated
Average Useful
Life (in years)
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
|
|
|
(in thousands)
|
|
|
Capitalized technology
|
|
3
|
|
$
|
59,549
|
|
$
|
(12,269
|
)
|
$
|
47,280
|
|
$
|
27,108
|
|
$
|
(9,486
|
)
|
$
|
17,622
|
|
|
Capitalized content development
|
|
4-5
|
|
65,981
|
|
(25,988
|
)
|
39,993
|
|
55,872
|
|
(21,417
|
)
|
34,455
|
|
|
University client relationships
|
|
9
|
|
26,757
|
|
(2,973
|
)
|
23,784
|
|
29,443
|
|
(1,636
|
)
|
27,807
|
|
|
Trade names and domain names
|
|
10
|
|
17,040
|
|
(2,035
|
)
|
15,005
|
|
12,119
|
|
(1,242
|
)
|
10,877
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total amortizable intangible assets, net
|
|
|
|
$
|
169,327
|
|
$
|
(43,265
|
)
|
$
|
126,062
|
|
$
|
124,542
|
|
$
|
(33,781
|
)
|
$
|
90,761
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of estimated future amortization expense for amortizable intangible assets |
As of June 30, 2018, the estimated future amortization expense for amortizable intangible assets placed in service is as follows (in thousands):
|
Remainder of 2018
|
|
$
|
12,531
|
|
|
2019
|
|
20,973
|
|
|
2020
|
|
17,978
|
|
|
2021
|
|
13,665
|
|
|
2022
|
|
9,924
|
|
|
Thereafter
|
|
20,362
|
|
|
|
|
|
|
|
Total
|
|
$
|
95,433
|
|
|
|
|
|
|
|
|