XML 45 R38.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Summary of Financial Information By Reportable Segment
A summary of financial information by reportable segment for the three and nine months ended September 30, 2018 and 2019 is presented in the following table (in thousands):
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2018
 
2019
 
2018
 
2019
Revenues
 
 
 
 
 
 
 
Strayer University
$
114,471

 
$
127,837

 
$
343,644

 
$
384,806

Capella University
43,792

 
110,549

 
43,792

 
337,418

Non-Degree Programs
2,682

 
3,361

 
4,646

 
11,141

Consolidated revenues
$
160,945

 
$
241,747

 
$
392,082

 
$
733,365

Income (loss) from operations
 
 
 
 
 
 
 
Strayer University
$
11,904

 
$
18,689

 
$
44,215

 
$
68,268

Capella University
(14,326
)
 
18,643

 
(14,326
)
 
63,918

Non-Degree Programs
(1,688
)
 
(415
)
 
(4,131
)
 
(918
)
Amortization of intangible assets
(10,278
)
 
(15,417
)
 
(10,278
)
 
(46,251
)
Merger and integration costs
(29,620
)
 
(1,500
)
 
(37,791
)
 
(11,698
)
Impairment of intangible assets
(13,119
)
 

 
(19,304
)
 

Consolidated income (loss) from operations
$
(57,127
)
 
$
20,000

 
$
(41,615
)
 
$
73,319