Receivables and Contract Liabilities (Tables)
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6 Months Ended |
Jun. 30, 2024 |
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| Receivables And Contract Liabilities Disclosure [Abstract] |
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| Schedule Of Receivables |
The following table presents the Company’s trade accounts receivable in each segment as of each of the dates indicated. | | | | | | | | | | | | | | June 30,
2024 | | December 31,
2023 | | | | | | | (in thousands) | Degree Program Segment accounts receivable | $ | 16,912 | | | $ | 3,207 | | | Degree Program Segment unbilled revenue | 26,372 | | | 72,525 | | | Alternative Credential Segment accounts receivable | 34,092 | | | 47,455 | | | Total | 77,376 | | | 123,187 | | | Less: Provision for credit losses | (6,038) | | | (7,243) | | | Trade accounts receivable, net | $ | 71,338 | | | $ | 115,944 | |
| | | | | | | | | | | | | June 30,
2024 | | December 31,
2023 | | | | | | (in thousands) | | Other receivables, amortized cost | $ | 48,642 | | | $ | 49,358 | | | Less: Provision for credit losses | (9,476) | | | (8,558) | | | Other receivables, net | $ | 39,166 | | | $ | 40,800 | | | Other receivables, net, current | $ | 23,819 | | | $ | 28,293 | | | Other receivables, net, non-current | $ | 15,347 | | | $ | 12,507 | |
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| Schedule Of Accounts Receivable, Allowance For Credit Loss |
The following table presents the change in provision for credit losses for trade accounts receivable on the Company’s condensed consolidated balance sheets for the period indicated. | | | | | | | Provision for Credit Losses | | (in thousands) | | Balance as of December 31, 2023 | $ | 7,243 | | | Current period provision | 1,450 | | | Amounts written off | (2,651) | | | Foreign currency translation adjustments | (4) | | Balance as of June 30, 2024 | $ | 6,038 | |
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| Schedule Of Other Receivable, Allowance For Credit Loss |
The following table presents the change in provision for credit losses for other receivables on the Company’s condensed consolidated balance sheets for the period indicated. | | | | | | | Provision for Credit Losses | | (in thousands) | | Balance as of December 31, 2023 | $ | 8,558 | | | Current period provision | 918 | | Balance as of June 30, 2024 | $ | 9,476 | |
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| Schedule Of Other Receivable Credit Quality Indicators |
The following tables present other receivables, at amortized cost including interest accretion, by credit quality indicator and year of origination, as of the dates indicated. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | Year of Origination | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 & Prior | | Total | | | | | | | | | | | | | | (in thousands) | | Credit Quality Tier | | | | | | | | | | | | | High | $ | 5,216 | | | $ | 5,966 | | | $ | 1,147 | | | $ | 366 | | | $ | 1,023 | | | $ | 13,718 | | | Mid | 6,392 | | | 7,237 | | | 2,853 | | | 1,609 | | | 2,538 | | | 20,629 | | | Low | 4,327 | | | 4,224 | | | 2,037 | | | 1,574 | | | 2,133 | | | 14,295 | | | Total | $ | 15,935 | | | $ | 17,427 | | | $ | 6,037 | | | $ | 3,549 | | | $ | 5,694 | | | $ | 48,642 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | Year of Origination | | | 2023 | | 2022 | | 2021 | | 2020 | | 2019 & Prior | | Total | | | | | | | | | | | | | | (in thousands) | | Credit Quality Tier | | | | | | | | | | | | | High | $ | 12,744 | | | $ | 1,229 | | | $ | 404 | | | $ | 311 | | | $ | 205 | | | $ | 14,893 | | | Mid | 13,178 | | | 3,067 | | | 2,614 | | | 735 | | | 674 | | | 20,268 | | | Low | 7,658 | | | 2,464 | | | 2,684 | | | 734 | | | 657 | | | 14,197 | | | Total | $ | 33,580 | | | $ | 6,760 | | | $ | 5,702 | | | $ | 1,780 | | | $ | 1,536 | | | $ | 49,358 | |
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| Schedule Of Contract Liabilities By Segment |
The following table presents the Company’s contract liabilities in each segment as of each of the dates indicated. | | | | | | | | | | | | | | June 30,
2024 | | December 31,
2023 | | | | | | | (in thousands) | | | | | Degree Program Segment deferred revenue | $ | 14,482 | | | $ | 1,735 | | | Alternative Credential Segment deferred revenue | 69,299 | | | 80,214 | | | Total contract liabilities | $ | 83,781 | | | $ | 81,949 | |
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