v3.24.2.u1

Restructuring Charges (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule Of Restructuring Charges By Reportable Segment

The following tables present restructuring charges by reportable segment on the Company’s condensed consolidated statements of operations for the periods indicated.

			Three Months Ended June 30, 2024												Three Months Ended June 30, 2023
			Degree Program Segment						Alternative Credential Segment						Degree Program Segment						Alternative Credential Segment
			(in thousands)
Leadership and organizational structure changes
Severance and severance-related costs			$	3,951					$	—					$	—					$	—
Lease and lease-related charges			1,398						—						—						—
			5,349						—						—						—
2022 Strategic Realignment Plan
Severance and severance-related costs			—						—						—						—
Lease and lease-related charges			1,956						717						2,129						682
Professional and other fees relating to restructuring activities			—						—						404						—
Other*			—						—						13						—
			1,956						717						2,546						682
Other restructuring charges**			384						—						373						21
Total restructuring charges			$	7,689					$	717					$	2,919					$	703

			Six Months Ended June 30, 2024												Six Months Ended June 30, 2023
			Degree Program Segment						Alternative Credential Segment						Degree Program Segment						Alternative Credential Segment
			(in thousands)
Leadership and organizational structure changes
Severance and severance-related costs			$	5,091					$	308					$	—					$	—
Lease and lease-related charges			1,398						—						—						—
			6,489						308						—						—
2022 Strategic Realignment Plan
Severance and severance-related costs			—						—						1,231						—
Lease and lease-related charges			3,967						1,459						4,272						1,441
Professional and other fees relating to restructuring activities			—						119						744						—
Other*			—						—						26						—
			3,967						1,578						6,273						1,441
Other restructuring charges**			791						—						753						30
Total restructuring charges			$	11,247					$	1,886					$	7,026					$	1,471

*						Includes the acceleration of certain technology and content development costs.
**						Includes severance and severance-related costs and lease-related charges.

Schedule Of Adjustments To The Accrued Restructuring Liability

The following table presents the additions and adjustments to the accrued restructuring liability on the Company’s condensed consolidated balance sheets for the periods indicated.

						Balance as of December 31, 2023						Additional Costs						Cash Payments						Balance as of June 30, 2024
			(in thousands)
Leadership and organizational structure changes
Severance and severance-related costs						$	9,779					$	5,025					$	(8,907)					$	5,897
2022 Strategic Realignment Plan
Severance and severance-related costs						4,093						107						(3,595)						605
Professional and other fees relating to restructuring activities						363						191						(558)						(4)
Lease and lease-related charges						28						7,614						(7,214)						428
Other severance and severance-related costs						243						—						(243)						—
Total restructuring						$	14,506					$	12,937					$	(20,517)					$	6,926

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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-Topic 420
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

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-Topic 420
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